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Hybrid Train Market Size, Share & Industry Analysis, By Propulsion Type (Battery Operated., CNG, Electro-Diesel., LNG., Hydrogen., Solar Powered), By Operating Speed (Below 100 KM/H., 100-200 KM/H, Above 200 KM/H), By Application (Freight., Passenger.) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105933 | Status : Ongoing



The hybrid train is a locomotive, railcar, or train that incorporates an onboard Rechargeable Energy Storage System (RESS) between the power source (often a diesel engine prime mover) and the traction transmission system connected to the wheels. The storage system is charged by excess energy from the power source or point produced from regenerative braking. The stored energy is later sent to the transmission system during acceleration, increasing the power available from the primary power source.

Several countries have increased the stringency of emission standards, compelling train makers to deploy less polluting trains. As a result, firms, such as Alstom, Bombardier, Siemens, Wabtec Corporation, and others, are investing in alternative fuel-powered train technologies. Several freight firms have expressed interest in hybrid trains to reduce operating expenses by reducing fuel and maintenance expenditures. The Total Cost of Ownership (TCO) is important in the freight sector since it influences profit margins. When traveling long distances with typical diesel trains, fuel costs are significant. However, electrified fuel cells, CNG, and LNG hybrid trains decrease these costs by nearly half. These factors are anticipated to propel the growth of the market.

  • For instance, Alstom was among the first businesses to test and introduce a hydrogen-powered train. Alstom got two orders in March 2018 for the supply of 25 Coradia Lint hydrogen-powered regional trains in southern Germany. Bombardier debuted its new Electro-Hybrid Train Talent 3 in September 2018, which produces no exhaust and establishes norms for smart mobility with peak efficiency and recyclability values of 90%. It is also around 50% quieter than current diesel trains.

Trains and their associated infrastructure require a significant investment. They need substantial financial assistance from local and national governments. Metropolitan areas are experiencing traffic congestion and rising demand for public transportation. Hence, government agencies are anticipated to invest extensively in supporting and enhancing the current infrastructure. These investments result in new train orders. These factors will surge the demand for hybrid trains. The high & rising cost of new rail vehicles can potentially hamper sales. For instance, according to HydroFLEX engineers in the U.K., electrifying a 1-kilometer piece of railway track costs around USD 1.3 million.

Impact of COVID-19 on the Hybrid Train Market

The pandemic caused a significant downturn in the hybrid train market. The global manufacturing and sale of new rail cars ceased due to disruption in supply chains. OEMs had to wait until lockdowns were removed before they could begin manufacturing, negatively impacting revenues and their ability to invest in new product development. The railway sector is very capital-intensive. As a result, the production standstill during the pandemic and decrease in new orders harmed hybrid train manufacturers.

  • For example, Bombardier declared the suspension of its plants in March 2020, owing to the spread of COVID-19 while Alstom recorded a severe impact on its financial performance. According to Alstom, the company's sales fell by 27% in the first quarter (April-June) of 2020-2021.

After the COVID-19 pandemic, people across the globe avoided using public transport to avoid crowds. Most people choose a personal/private vehicle for travel and commuting. This is expected to have a significant impact on new train sales. Declining train operations are expected to reduce train demand, affecting the global train industry and its ecosystem. This drop in demand will also reduce the growth rate of hybrid trains.

Key Insights

The report will cover the following key insights:

  • Key Industry Developments – Mergers, Acquisitions, and Partnerships

  • Porter’s Five Forces Analysis

  • PEST Analysis

  • Technological Developments

  • Impact of COVID-19 on the Global Hybrid Train Market

Analysis by Application

The passenger segment is expected to hold the largest share of the market. Hybrid trains provide cost-effective and efficient passenger transportation. Several cities are building new rail infrastructure to relieve traffic congestion and provide an economical mode of transportation, both intercity and intracity. Increasing urbanization and increased desire for enhanced connection, comfort, dependability, and safety will positively influence the growth of this segment.

Analysis by Battery Type

Rail batteries must be long-lasting and fast-charging. Currently, the rail sector uses lead-acid and nickel cadmium (Ni-Cd) batteries. These batteries are hazardous for the environment and contain dangerous substances. In addition to these disadvantages, they have a high self-discharge rate and a short charge cycle. Although Ni-Cd batteries may offer 60% more energy than other varieties, they have a recharging issue known as the "memory effect". While increasing cell capacity might increase battery performance, it can also jeopardize system safety.

The terminal voltage and ampere-hour capacity of the VRLA are lower. During discharge, it maintains a fairly constant terminal voltage. Furthermore, VRLA batteries are more stable at greater temperatures than standard lead-acid batteries. As a result, the VRLA battery outperforms conventional batteries under varied loads and temperatures, requires less maintenance, and is very dependable. Since they have more than double the cycle life of a traditional flooded product, these batteries are utilized in DMUs and diesel locomotives to start engines and for auxiliary purposes. VRLA batteries do not need to be refilled with water regularly, making them more efficient and dependable in terms of efficiency and maintenance. The VRLA battery is expected to dominate the Asian market.

Regional Analysis

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Geographically, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is expected to account for the highest hybrid train market share during the forecast period due to notable domestic hybrid train manufacturers such as CRRC, Hyundai Rotem, and Toshiba, which provide sophisticated solutions in the region. The railway industries of China and India are the primary reasons the region leads the global hybrid train market. These countries have a vast and dense railway network and are also attempting to promote adopting environment-friendly trains. As a result, rising sales of electro-diesel trains in these nations would propel the market in this region. Several sophisticated hybrid trains have been tested and deployed in Japan and South Korea.

  • China and India have the world's largest rail networks. In 2019, China had over 250,000 kilometers of track length, India had roughly 100,000 kilometers, Japan had 28,000 kilometers, and South Korea had approximately 4,000 kilometers. Passenger trains in India, China, and South Korea have the most prevalent means of transportation; in Japan, high-speed railways and metro trains are the favored transit routes.

Key Players Covered

  • China Railway Construction Corporation Ltd. (CRCC) (China)

  • Bombardier (Canada)

  • Alstom (France)

  • Siemens (Germany)

  • Wabtec Corporation (U.S.)

  • Kawasaki Heavy Industries (Japan)

  • Hyundai Rotem (South Korea)

  • Toshiba (Japan)

  • Hitachi (Japan)

  • Siemens (Germany)

  • General Electric (U.S.)


By Propulsion Type

By Application

By Operational Speed

By Battery Type

By Geography

  • Diesel Electric

  • CNG

  • Battery Operated

  • Solar

  • Fuel Cell

  • Passenger

  • Freight

  • Less than 100 km/h

  • 100-200 km/h

  • More than 200 km/h

  • Conventional Lead-acid

  • Valve Regulated Lead Acid (VRLA)

  • Lithium-ion

  • Nickel Cadmium Sinter


  • North America (U.S., Canada, Mexico)

  • Europe (Germany, France, U.K., and the Rest of Europe)

  • Asia Pacific (China, Japan, India, South Korea, and the Rest of APAC)

  • Rest of the World

Key Industry Developments

  • In July 2021, Hitachi Rail and Hyperdrive Innovation agreed to develop battery packs for zero-emission trains and establish a battery center in the North East region of the U.K.

  • In July 2020, Cummins Inc. announced a joint agreement for hydrogen storage tanks with NPROXX, a hydrogen storage and transportation pioneer. The joint venture will be known as NPROXX. The joint venture will offer clients hydrogen and compressed natural gas storage devices for on-highway and rail applications.

  • Ongoing
  • 2023
  • 2019-2022

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