Global hybrid train market is expected to register a substantial CAGR of 5.20% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed to rising investment by the government to promote green and environmental friendly trains, growing demand for energy-efficient transport and the use of public transport in order to reduce the traffic congestions and infrastructure problems.
Hybrid train market report is sure to assist you in achieving one of the most important goals of every business i.e. gaining maximum return on investment (ROI). Businesses can get important market insights in a cost effective way with this hybrid train market research report. This hybrid train market research report is comprehensive and takes into account various parameters of the market that can be listed as market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the key market players. This market study encompasses a market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness.
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Key Market Competitors:
Few of the major competitors currently working in the hybrid train market are CRRC; Bombardier; Alstom; Kawasaki Heavy Industries, Ltd.; Siemens; GENERAL ELECTRIC; HYUNDAI ROTEM COMPANY.; Hitachi, Ltd.; TOSHIBA CORPORATION; CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.; Ballard Power Systems.; TOYOTA MOTOR CORPORATION; Vivarail Ltd.; ABB; Hydrogenics; ŠKODA TRANSPORTATION a.s..; The Kinki Sharyo Co.,Ltd.; Rolls-Royce plc; Etihad Rail; Stadler Rail; Sinara Transport Machines; BNSF Railway Company.; among others.
A hybrid train is an engine that that utilises an on-board rechargeable energy storage system (RESS), which is set up in the middle of the source providing power and the electric system of the train which is interconnected to the wheels i.e. traction transmission system. They are environmental friendly, emission free, reliable and effective trains that are deemed fit for the sustainable development of the globe.
Growing demand for of transportation that is reliable, sustainable, cost effective and energy-efficient
The need to control the rising levels of pollution and noise in the environment foster the growth of the hybrid train market
Growing demand for public transports in order to reduce the level of traffics on the road boosts the growth of hybrid trains
High cost of maintenance and overhaul can hinder the growth of this market
Inclination of refurbishing and using traditional railway systems
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Product Global Hybrid Train Market , By Type
7 Product Global Hybrid Train Market , By Organization Size
8 Product Global Hybrid Train Market Analysis, By Region
9 Competitive Landscape
10 Company Profiles
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Segmentation:Global Hybrid Train Market
By Operating Speed
Below 100 km/h
Above 200 km/h
Middle East and Africa
Key Developments in the Market:
In September 2018, Bombardier Transportation launched its new passenger battery-operated train named as “BOMBARDIER TALENT 3”. This train does not emit any carbon emissions and thereby, the company fulfils its social responsibility by conserving and protecting the environment. This eco-friendly battery train can charges its own batteries in mobility from its overhead line and declines the use of diesel vehicles on the rail tracks.
In May, 2019 Vivarail, has entered into an agreement with Arcola Energy, to manufacture hydrogen/battery hybrid train for Vivarail’s “class 230 multiple units”. This would transform the railways industry, enabling a cleaner and more reliable transport. This train would reduce the carbon emissions, thereby protecting and saving the environment from these harmful gases, promoting the decarbonisation of trains. With this invention, the hybrid train market would expand globally and would soon lead to the development of more hybrid trains, as a replacement to the existing diesel and carbon emission trains.
Global hybrid train market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hybrid train market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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