A recent report published by Infinium Global Research on hybrid train market provides in-depth analysis of segments and sub-segments in the global as well as regional hybrid train market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hybrid train market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hybrid train market. According to the report, the global hybrid train market is projected to grow at a CAGR of 5.40% over the forecast period of 2019-2025.
A hybrid train uses onboard rechargeable energy storage system. The source for the energy used for the train is diesel, hydrogen or liquefied petroleum gas and transmission is electric, direct mechanical or hydrostatic. During acceleration, the stored energy is directed to the transmission system, boosting that available from the main power source.
Government taking initiative to reduce pollution and create an eco-friendly environment is the driving factor for the growth of the global hybrid train market. Growing awareness for the safety and comfort of the passenger and demand for energy-efficient transportation across the globe boost the growth of the global hybrid train market. Increasing demand for public transportation to reduce traffic congestion is also the driving factor for the growth of hybrid train market. The growing demand for energy efficient transportation and passenger’s safety fuels the growth of hybrid train market. On the other hand, the hybrid train requires a high capital investment that may restrain the growth of the global hybrid train market. High cost for the maintenance and repairs may also hamper the growth of the market. Furthermore, the implementation of big data analytics in the rail industry creates an opportunity for the growth of the global hybrid train market.
Geographically, Asia Pacific region dominates by the largest market share in the hybrid train market due to the increasing awareness for the environment to reduce the pollution using eco-friendly trains fuels the growth of the market. In Asia Pacific, China is accounted for the largest market share followed by Japan and India. Also, the Asia Pacific region is expected to boost the growth of the hybrid train market in the forecast period. Europe holds the second position and expected a stagnant growth in the global hybrid train market due to a growing demand for energy efficient transportation. In Europe, Germany holds major share followed by U.K, France, and Spain.
The report on global hybrid train market covers segments such as propulsion type, and application type. On the basis of propulsion type, the sub-markets include electro diesel, battery powered, CNG/LNG, and other types. On the basis of application type, the sub-markets include passenger, and freight.
The report provides profiles of the companies in the market such as Alstom SA, CRRC Corporation Limited, The General Electric Company, ABB Group, Toyota Motor Corporation, Hitachi, Ltd., Toshiba Corporation, Kawasaki Heavy Industries, Ltd., Bombardier Inc., Siemens AG, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hybrid train market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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