Hybrid Train Market

Hybrid Train Market is Predicted to Expand at a Significant CAGR during the Forecast period 2020-2027

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Market Dynamic

Key Drivers and Emerging Trends

The major factor supplementing the growth of the global hybrid train market is the increasing demand for environmental-friendly and energy-efficient rail operations. There has been a rise in stringent government regulations in several nations to control emissions. This factor has influenced train manufacturers to opt for less-polluting trains. For example, in 2018, Alstom, one of the first companies which launched a hydrogen-powered train. Alstom received two orders from Southern Germany for supplying 25 Coradia Lint hydrogen-based regional trains. Moreover, OEMs are working on the development of hybrid trains that use alternative fuel sources, which include electric batteries, hydrogen fuel cells, LNG, solar energy, CNG, and LNG. These factors play a crucial role in bolstering the growth of the global hybrid train market.

Railway transportation is one of the critical transportation modes in any country. Hybrid trains help freight companies to substantially cut down operating costs by eliminating maintenance and fuel costs as expenses on fuel are high when using traditional diesel trains. The total cost of ownership (TCO) plays a vital role in the freight industry and affects profit margins. Furthermore, companies are coming up with innovations in the manufacturing of trains as there is a huge impact of trains on the environment due to the production of carbon dioxide, particulate matter, and nitrogen oxide that can contribute to negative health effects and air pollution. These factors are contributing to the growth of the global hybrid train market.

Impact of COVID-19 on the Hybrid Train Market

The COVID-19 pandemic has negatively impacted the growth of the global hybrid train market as the lockdown halted the production and sales of new rail vehicles across the globe. Additionally, post the widespread pandemic, the demand for new trains witnessed sharp fall due to the inclination of the population towards traveling via private vehicles rather than public transport to avoid crowds.

Restraint in the Hybrid Train Market

Railways and their supporting infrastructure requires high capital as they need a high amount of financial support from the public and private sectors. Moreover, hydrogen is stored in liquid form at a very low temperature, under pressure or by chemical compounding. The increasing overall weight of the vehicle has created difficulty in using hydrogen as a fuel. These factors might act as a restraint for the growth demand of the global hybrid train market.

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Application – Segment Analysis

Based on the application, the passenger segment is anticipated to grow at a faster CAGR over the forecast period. The hybrid train is an efficient and cost-effective mode of transportation for passengers. The governments worldwide are adopting new rail infrastructure to provide an affordable means of transportation at an intra-city and intercity level and to reduce congestion on roads. For instance, in 2018, Rolls Royce in collaboration with Porterbrook, the UK’s largest owner of passenger rolling stock, signed an agreement for the delivery of MTU Hybrid Powerpacks, which have the ability to convert Class 168 and Class 170 ‘Turbostar’ DMUs from diesel-only to hybrid-electric operations. These factors are likely to boost the growth of the passenger segment in the global hybrid train market.

Propulsion – Segment Analysis

On the basis of the propulsion, the electro diesel segment is projected to grow at a higher CAGR during the forecast period. Electro diesel trains are powered either by an on-board diesel engine (like a diesel-electric locomotive) or by an electricity supply (like an electric locomotive). Various railway vehicle manufacturers are constantly investing in their research & development activities to develop several technologies to further improve the performance of electro-diesel trains. For instance, in 2018, Pesa, TABOR Institute of Rail Vehicles, and PKP Cargo signed an agreement at InnoTrans in Poland for the development of an automated electro-diesel locomotive. These factors are significantly augmenting the growth of the electro-diesel segment in the global hybrid train market.

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Region – Segment Analysis

Based on the region, the Asia Pacific region is expected to grow at a higher CAGR over the forecast period attributed to the various ongoing projects to launch hybrid trains in the region. The Asia Pacific is the home to developing nations, such as India and China, along with developed countries, such as Japan, which has increased the adoption of new technologies. Moreover, the establishment of government regulations to develop greener trains in this region is further energizing the market growth. For instance, in 2020, Indian Railways fitted solar panels on the rooftop of DEMU (Diesel Electric Multiple Unit) rails with a capacity of 4.5 KW to cater to the hotel load. These factors are surging the growth of the hybrid train market in the Asia Pacific. 

Top Market Players

Various notable players operating in the market include Bombardier, CRRC, Siemens, Alstom, HYUNDAI ROTEM COMPANY, Wabtec Corporation, CAF S.A., Hitachi, Ltd., Cummins Inc., and Toshiba Corporation, among others.

Key Developments:

• • In 2020, Hitachi, Ltd. and Hyperdrive Innovation signed an agreement to offer emission-free power to hundreds of battery trains across the UK by mass-producing battery packs. The advancement in battery technology has reduced the weight as well as the cost of batteries while increasing their power density.
  • In 2020, Siemens was awarded the first order for 20 Mireo Plus B battery-powered trains by SFBW. These trains are two-car electric trainsets with 120 seats, which can operate with or without overhead powerlines on rail routes. 

Segments covered in the Report:

The global hybrid train market has been segmented on the basis of propulsion, application, operating speed, and regions. Based on propulsion, the market is segmented into battery operated, electro diesel, hydrogen powered, and others. Based on application, the market is segmented into passenger and freight. Based on operating speed, the market is segmented into below 100 Km/H, 100 – 200 Km/H, and above 200 Km/H. 

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Key questions answered in this research report:

• • At what pace is global hybrid train market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in hybrid train market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global hybrid train market?
  • Which propulsion generated maximum revenues in 2019 and identify the most promising propulsion during the forecast period?
  • What are the various application areas of global hybrid train market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Propulsion, By Application, By Operating Speed, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Bombardier, CRRC, Siemens, Alstom, HYUNDAI ROTEM COMPANY, Wabtec Corporation, CAF S.A., Hitachi, Ltd., Cummins Inc., Toshiba Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Hybrid Train Market by Propulsion

• • Battery Operated
  • Electro Diesel
  • Hydrogen Powered
  • Others

Global Hybrid Train Market by Application

• • Passenger
  • Freight

Global Hybrid Train Market by Operating Speed

• • Below 100 Km/H
  • 100 – 200 Km/H
  • Above 200 Km/H

Global Hybrid Train Market by Region

• • North America Hybrid Train Market (Option 1: As a part of the free 25% customization)
    • By Propulsion
    • By Application
    • By Operating Speed
    • US Market All-Up
    • Canada Market All-Up
  • Europe Hybrid Train Market (Option 2: As a part of the free 25% customization)
    • By Propulsion
    • By Application
    • By Operating Speed
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Hybrid Train Market (Option 3: As a part of the free 25% customization)
    • By Propulsion
    • By Application
    • By Operating Speed
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Hybrid Train Market (Option 4: As a part of the free 25% customization)
    • By Propulsion
    • By Application
    • By Operating Speed
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Hybrid Train (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Bombardier
  • CRRC
  • Siemens
  • Alstom
  • HYUNDAI ROTEM COMPANY
  • Wabtec Corporation
  • CAF S.A.
  • Hitachi, Ltd.
  • Cummins Inc.
  • Toshiba Corporation