Hybrid Train Market worth 8,389 units by 2030

1. MarketsandMarkets Presents • Hybrid Train Market worth 8,389 units by 2030 https://www.marketsandmarkets.com/Market-Reports/hybrid-train-market-238438631.html

2. The report Hybrid Train Marketsize is projected to grow from 4,904 units in 2020 to reach 8,389 units by 2030, at a CAGR of 5.5%. The growth of the hybrid train market can be attributed to the Factors such as high gasoline prices, traffic congestion, and greenhouse gas emissions have compelled railway OEMs to explore beyond the use of conventional propulsion systems in trains. Browse 100 market data Tables and 56 Figures spread through 194 Pages and in-depth TOC on "Hybrid Train Market” OEMs are working toward developing hybrid trains that use or combine alternative fuel sources, such as hydrogen fuel cells, electric batteries, CNG, LNG, and solar energy, to meet the required efficiency and emission standards. The market has promising growth potential due to several factors, including the improving railway infrastructure, supporting legislation, increasing demand for efficient trains in freight as well as passenger segment, and rising trend of alternative fuel-powered propulsion systems. The hybrid train market is dominated by established players such as CRRC (China), Bombardier (Canada), Alstom (France), Siemens (Germany), Wabtec Corporation (US), Hyundai Rotem (South Korea), Toshiba (Japan), and Stadler (Switzerland). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238438631

3. Asia Oceania is expected to be the largest market in the forecast Asia Oceania is estimated to be the largest market in 2020. Market growth in Asia Oceania can be attributed to the vital role played by hybrid trains in commuting, given the increasing urbanization and the need for improved connectivity in the region. China is the key reason Asia Oceania is leading the hybrid train market. China tested its first diesel hybrid train way back in 2016 and has been investing heavily in the development of hybrid trains and related infrastructure since then. China and India have several numbers of electro-diesel trains running as passenger trains, which is driving the Asia Oceania market for hybrid trains. North America is expected to be the fastest-growing market during the forecast The North American hybrid train market is expected to be the fastest. The region is home to Bombardier, Wabtec, and Cummins, which are among the major players in the hybrid train market. The growth in the region can be attributed to the increasing demand for hybrid trains in freight transportation. For instance, BNSF and Wabtec are getting ready to test their much-awaited 4,400 HP battery-electric locomotive, which has been under development since 2018. The testing is expected to begin in the last quarter of 2020. It is the first hybrid locomotive test for BNSF as its main-line freight transport. Also, in November 2019, San Bernardino County Transportation Authority (SBCTA), US, awarded a contract of a hydrogen-powered train to Stadler. It is the first hydrogen train contract in the country, and the train is expected to commence operations by 2024.

4. The electro-diesel segment is expected to be the largest propulsion segment in the forecast • The electro-diesel segment is projected to be the largest during the forecast period. These trains are the most popular, and OEMs have been offering hybrid propulsion technologies incorporated with these diesel trains for a while now. This type of propulsion is more efficient than diesel locomotives as electro-diesel propulsion is efficient and 40% less polluting than conventional ones. They offer the optimum performance of conventional diesel as well as get power from the overhead wires or battery whenever necessary. As of 2020, many OEMs such as CRRC, Bombardier, Siemens, and Hyundai Rotem offer such electro-diesel trains. • Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=238438631 • Recent Developments: • In July 2020, Hitachi Rail and Hyperdrive Innovation signed an exclusive agreement to develop battery packs to power zero-emission trains and create a battery hub in the Northeast of the UK.

5. In July 2020, Cummins Inc. announced an agreement to form a joint venture with NPROXX, a leader in hydrogen storage and transportation, for hydrogen storage tanks. The joint venture will continue under the name NPROXX. The joint venture will provide customers with hydrogen and compressed natural gas storage products for both on-highway and rail applications. • In March 2020, Siemens Mobility received the first order for battery-powered trains. SFBW ordered 20 Mireo Plus B trains from Siemens Mobility. The two-car electric trainsets with 120 seats can operate on rail routes with or without overhead power lines thanks to their battery hybrid drive and are scheduled to operate in Network 8 of the Ortenau regional system. • In September 2019, Cummins Inc. (NYSE: CMI) closed on the previously announced acquisition of fuel cell and hydrogen production technologies provider, Hydrogenics Corporation. • In June 2019, Hyundai Rotem teamed up with Hyundai Motor Company to develop hydrogen-electric trains by the end of 2020. • In February 2019, Wabtec Corporation announced a successful merger with GE Transportation. • In December 2018, Hitachi Rail Europe (HRE) worked with the University of Birmingham to test hydrogen trains on known rail routes. • To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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