The Hybrid Train Global Market Report 2023, provides comprehensive information on the hybrid train market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global hybrid train market size is expected to grow from $16.12 billion in 2022 to $17.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hybrid train market is expected to grow to $22.62 billion in 2027 at a CAGR of 6.8%.
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The development of battery-operated trains is a key trend gaining popularity in the hybrid train market. These trains provide an environmentally friendly transportation option. Given that lithium-ion battery prices are predicted to decline over the next several years, these battery-powered trains will likely prove to be a sustainable and affordable option for the railway industry. For instance, in May 2022, the West Central Railway in India developed a battery-operated dual-mode locomotive. The engine runs on both modes (battery and electricity) and can pull 18 coaches at a speed of 30 kmph. The battery-operated locomotive will save 1,000 liters of diesel every day.
The hybrid train market is segmented:
1) By Propulsion: Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, Solar Powered
2) By Operational Speed: Below 100 km/h; 100-200 km/h; Above 200 km/h
3) By Application: Freight, Passenger
Europe was the largest region in the hybrid train market in 2022.
The table of contents in TBRC’s hybrid train market report includes:
1. Executive Summary
2. Hybrid Train Market Characteristics
3. Hybrid Train Market Trends And Strategies
4. Hybrid Train Market – Macro Economic Scenario
5. Hybrid Train Market Size And Growth
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26. Africa Hybrid Train Market
27. Hybrid Train Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hybrid Train Market
29. Hybrid Train Market Future Outlook and Potential Analysis
30. Appendix
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