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Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium), Application (Passenger and Freight), Operating Speed (Below 100 KM/H, 100-200 KM/H, And Above 200 KM/H), Service Power, Propulsion Region - Global Forecast to 2030

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Date: 03-Oct-2023
No. of pages: 257
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“Increasing need for Environmental Sustainability, Ongoing Technological Advancements and Rapid Urbanization to boost the demand of Energy Efficient hybrid trains in coming years.”

The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. With a growing emphasis on environmental sustainability, energy efficiency, and the need to reduce carbon footprints, hybrid trains have emerged as a compelling solution to meet the challenges of modern rail transport. These advanced locomotives seamlessly integrate multiple power sources, combining the benefits of traditional diesel propulsion with electric and battery technologies. As urbanization accelerates and environmental concerns intensify, the hybrid train market is witnessing remarkable growth, not only revolutionizing the way we travel but also paving the way for a cleaner, greener, and more sustainable future in rail transportation.

“Urban Transit Passenger Trains to be the largest market during the forecast period.”

The global trend of urbanization has led to increased population density in cities. Urban transit trains are an efficient way to move many people within these urban areas, reducing traffic congestion and air pollution. Urban areas often suffer from traffic congestion, leading to significant delays and economic costs. Urban transit trains offer a solution by providing an alternative mode of transportation unaffected by road traffic.

Hybrid trains can operate both on electrified tracks within urban areas and on non-electrified tracks in suburban or rural areas. This flexibility allows transit systems to extend their reach beyond electrified zones while still benefiting from electric operation where possible. In November 2022, Iarnród Éireann (IÉ) received approval from the Government of Ireland to procure 90 new battery-electric train carriages from Alstom. The government has authorized a procurement framework for new train carriages in a USD 185 million contract. The Department of Transport will fund the train order, which will include 18 modern five-carriage battery-electric multiple units (BEMUS) through the National Transport Authority (NTA). This development will increase the demand for urban transit trains during the forecast period.

“Hybrid trains with speed below 100 KM/H are expected to grow at the fastest rate during the forecast period.”

Hybrid trains with speeds below 100 KM/H are expected to grow at the fastest rate during the forecast period. Hybrid trains include passenger trains and freight locomotives. Hybrid trains that usually travel short distances have an operating speed of less than 100 km/h. Some freight locomotives and passenger trains run at an operating speed of less than 100 km/h. Most of the hybrid trains such as urban transit trains are included in this operating speed range. Trains in this operating speed range are generally more efficient, as less power is required.

“Europe holds the largest market share during the forecast period.”

Europe is estimated to be the largest hybrid train market in the forecast period. With the development of infrastructure and the increasing adoption of hybrid trains in several countries, the global hybrid train market is anticipated to witness exponential growth in the coming years. Europe has been investing in electrified rail infrastructure, including overhead lines and charging stations, to support hybrid and electric trains. This infrastructure development makes it more feasible to operate hybrid trains across longer routes. Further, Europe presents a big growth opportunity for the hybrid train market as the safety and environment regulations have become stringent. These changes propel the market for testing and development of hybrid trains, which would further increase their demand. Germany is estimated to be the largest hybrid train market in the region. A vibrant R&D landscape and technological excellence justify its dominance in the field of connectivity, hybrid technology, and innovative railway applications. The country was the first to witness a hydrogen-powered passenger train. These factors collectively contribute to the growth and adoption of hybrid trains in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.


  • By Company Type: OEMs – 40%,Tier I – 42%, Tier II– 18%,

  • By Designation: CXOs – 23%, Directors– 43%, Others– 34%

  • By Region: Asia Oceania– 35%, Europe – 25%, North America– 20%, MEA–15%, ROW–5%


The hybrid train market is dominated by established players such as CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Stadler Rail AG (Switzerland), among others. These companies manufacture trains and develop new technologies. These companies have set up R&D facilities and offer best-in-class products to their customers.

Research Coverage:

The market study covers the Hybrid Train Market by Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium And Others), Application (Passenger And Freight), Operating Speed (Below 100 KM/H, 100–200 KM/H, And Above 200 KM/H), Service Power (Less than 2000 KW, Between 2000 To 4000 KW And Above 4000 KW), Propulsion (Electro Diesel, Battery Electric, And Hydrogen Battery) and Region (Asia Oceania, Europe, North America, Middle East & Africa, Rest of the World). It also covers the competitive landscape and company profiles of the major players in the hybrid train market ecosystem.

Key Benefits of the Report

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hybrid train market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.    

The report provides insights on the following pointers:


  • Analysis of key drivers (Increasing stringency in emission norms, Rising demand for less polluting train operations and energy-efficient transport, Benefits of hybrid trains over conventional diesel trains, Increasing preference for railway-based public transport to reduce traffic congestion), restraints (High development costs and complexities in technologies and related infrastructure, Refurbishment of existing trains), opportunities (Development of hydrogen fuel cell locomotives, Development of battery operated trains, Retrofitting of diesel-electric trains), and challenges (Technical challenges related to lead-acid and lithium-ion batteries, High cost of charging infrastructure and replacement) influencing the growth of the hybrid train market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hybrid train market

  • Market Development: Comprehensive information about lucrative markets – the report analyses the hybrid train market across varied regions

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hybrid train market

  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Stadler Rail AG (Switzerland) among others in the hybrid train market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the rolling stock market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium), Application (Passenger and Freight), Operating Speed (Below 100 KM/H, 100-200 KM/H, And Above 200 KM/H), Service Power, Propulsion Region - Global Forecast to 2030

Table Of Contents

1 Introduction 21
1.1 Study Objectives 21
1.2 Market Definition 22
Table 1 Hybrid Train Market Definition, By Battery Type 22
Table 2 Hybrid Train Market Definition, By Application 23
Table 3 Hybrid Train Market Definition, By Propulsion 23
Table 4 Hybrid Train Market Definition, By Operating Speed 23
Table 5 Hybrid Train Market Definition, By Service Power 24
1.2.1 Inclusions And Exclusions 24
Table 6 Hybrid Train Market: Inclusions And Exclusions 24
1.3 Market Scope 25
1.3.1 Markets Covered 25
Figure 1 Hybrid Train Market Segmentation 25
1.3.2 Regions Covered 26
1.3.3 Years Considered 26
1.4 Currency Considered 26
Table 7 Currency Exchange Rates 27
1.5 Stakeholders 27
1.6 Summary Of Changes 28

2 Research Methodology 29
2.1 Research Data 29
Figure 2 Hybrid Train Market: Research Design 29
Figure 3 Research Design Model 30
2.1.1 Secondary Data 30
2.1.1.1 List Of Key Secondary Sources 31
2.1.1.2 Key Data From Secondary Sources 32
2.1.2 Primary Data 32
2.1.2.1 Key Data From Primary Source 33
2.1.2.2 List Of Participating Companies For Primary Research 34
Figure 4 Breakdown Of Primary Interviews: By Company, Designation, And Region 34
2.1.2.3 Major Objectives Of Primary Research 34
2.1.2.4 Primary Participants 35
2.2 Market Estimation Methodology 35
Figure 5 Research Methodology: Hypothesis Building 36
2.3 Market Size Estimation 36
Figure 6 Hybrid Train Market Size Estimation 37
2.3.1 Bottom-Up Approach 37
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach 37
2.3.2 Top-Down Approach 38
Figure 8 Market Size Estimation Methodology: Top-Down Approach 38
Figure 9 Hybrid Train Market: Research Design And Methodology 38
2.4 Data Triangulation 39
Figure 10 Hybrid Train Market: Data Triangulation 39
2.5 Factor Analysis 40
Figure 11 Factors Impacting Hybrid Train Market 40
2.5.1 Factor Analysis For Market Sizing: Demand And Supply Sides 41
2.6 Recession Impact Analysis 41
2.7 Research Assumptions 42
2.8 Research Limitations 42

3 Executive Summary 44
Figure 12 Hybrid Train Market Overview 45
Figure 13 Hybrid Train Market, By Region, 2023–2030 46
Figure 14 Hybrid Train Market Performance In 2023 47
Figure 15 Passenger Segment To Lead Hybrid Train Market In 2023 47

4 Premium Insights 48
4.1 Attractive Opportunities For Players In Hybrid Train Market 48
Figure 16 Advancements In Battery Technology And Hybrid Propulsion Systems To Drive Market 48
4.2 Hybrid Train Market, By Application 48
Figure 17 Passenger Segment To Hold Larger Market Share In 2023 48
4.3 Hybrid Train Market, By Operating Speed 49
Figure 18 Hybrid Trains With 100-200 Km/H Operating Speed To Capture Largest Market Share During Forecast Period 49
4.4 Hybrid Train Market, By Service Power 49
Figure 19 Above 4000 Kw Segment To Grow At Highest Rate During Forecast Period 49
4.5 Hybrid Train Market, By Region 50
Figure 20 Europe To Lead Hybrid Train Market During Forecast Period 50

5 Market Overview 51
5.1 Introduction 51
5.2 Market Dynamics 52
Figure 21 Hybrid Train Market: Drivers, Restraints, Opportunities, And Challenges 52
5.2.1 Drivers 52
5.2.1.1 Increasing Stringency In Emission Norms 52
5.2.1.1.1 Emissions Standards Issued By Uic 53
5.2.1.1.1.1 Uic 624-1 53
Table 8 Emissions Standard, Uic 624-1 53
5.2.1.1.1.2 Uic 624-2 53
Table 9 Emissions Standard, Uic 624-2 53
5.2.1.1.1.3 Uic 624-3 53
5.2.1.1.1.4 Uic 624-4 53
5.2.1.2 Rising Demand For Less Polluting Train Operations And Energy-Efficient Transport 54
Figure 22 Rail Operators To Address Emissions With 5 Levels 54
Figure 23 Global Co2 Emissions From Different Transport Segments, 2000–2030 55
5.2.1.3 Benefits Of Hybrid Trains Over Conventional Diesel Trains 55
Figure 24 Current And Future Emission Technologies 56
5.2.1.4 Increasing Preference For Railway-Based Public Transport To Reduce Traffic Congestion 56
Figure 25 Driving Time Spent In Traffic Congestion In Us, 2022 57
5.2.2 Restraints 57
5.2.2.1 High Development Costs And Complexities In Technologies And Related Infrastructure 57
5.2.2.2 Refurbishment Of Existing Trains 57
5.2.3 Opportunities 58
5.2.3.1 Development Of Hydrogen Fuel Cell Locomotives 58
Figure 26 Prototype Of Hydrogen Train 58
5.2.3.2 Development Of Battery-Operated Trains 59
Figure 27 Benefits Of Using Batteries In Rail For Maximum Operational Flexibility 59
5.2.3.3 Retrofitting Of Diesel-Electric Trains 60
5.2.4 Challenges 60
5.2.4.1 Technical Challenges Related To Lead-Acid And Lithium-Ion Batteries 60
Figure 28 Comparison Of Battery Recycling: Lead-Acid Vs. Lithium-Ion 61
5.2.4.2 High Cost Of Charging Infrastructure Development 61
Table 10 Hybrid Train Market: Impact Of Market Dynamics 62
5.3 Pricing Analysis 63
5.3.1 Average Selling Price Trends Of Key Players, By Propulsion, 2023 63
5.3.2 Average Selling Price Trends, By Electro-Diesel Propulsion, By Region 63
Figure 29 Average Selling Price Trends, By Electro-Diesel Propulsion, By Region, 2018–2023 63
5.4 Ecosystem Analysis 64
Figure 30 Hybrid Train Market: Ecosystem Analysis 64
Table 11 Hybrid Train Market: Role Of Companies In Ecosystem 65
5.5 Macroeconomic Indicators 65
5.5.1 Gdp Trends And Forecasts For Major Economies 66
Table 12 Gdp Trends And Forecasts, By Major Economies, 2018–2026 (Usd Billion) 66
Table 13 Real Gdp Growth Rate (Annual Percentage Change And Forecast), By Major Economies, 2022–2026 66
Table 14 Gdp Per Capita Trends And Forecasts, By Major Economies, 2022–2026 (Usd Billion) 68
5.6 Value Chain Analysis 69
Figure 31 Hybrid Train Market: Value Chain Analysis 69
5.6.1 Research & Development 69
5.6.2 Procurement Of Raw Materials 69
5.6.3 Production Department 70
5.6.4 Final Assembly And Testing 70
5.6.5 Maintenance And Overhaul 70
5.7 Case Study Analysis 70
5.7.1 Development Of Climate-Neutral Drive System For Bridging Non-Electrified Subsections Of Line 70
5.7.2 Golinc-M Modules 71
5.7.3 Environmentally Friendly Monorail System Used By 70,000 Riders/Day In Korean Metropolis 72
5.7.4 Scottish Hydrogen Train On Track To Deliver Climate Targets 72
5.7.5 Freightliner To Progress Toward Low-Emission Fuel 73
5.8 Patent Analysis 73
Table 15 Important Patent Registrations Related To Hybrid Train Market 73
5.9 Technology Analysis 78
5.9.1 Introduction 78
5.9.2 Regenerative Braking In Trains 78
Figure 32 Regenerative Braking System In Trains 78
5.9.3 Autonomous Trains 79
Table 16 Level Of Autonomy For Autonomous Trains 79
5.9.4 Use Of Fuel Cells For Heavy-Load Transportation 80
Figure 33 Timeline Of Fuel Cell Mass Market Acceptability In Transportation Sector, 2016–2050 80
5.9.5 Rapid Charging Train Operational Concepts For Hybrid Heavy Haul Locomotives 80
5.9.6 Development Of Tri-Mode Hybrid Trains 81
Figure 34 Specifications Of Tri-Mode Battery Train 81
5.9.7 Mitrac Pulse Traction Battery 81
5.9.8 Mrx Nickel Technology Battery 81
5.10 Key Trends In Alternate Fuels (Propulsion/Auxiliary) 82
5.10.1 Cng 82
5.10.2 Lng 82
5.10.3 Hydrogen 82
5.10.4 Solar 83
5.11 Tariff And Regulatory Landscape 83
5.11.1.1 Us 83
5.11.1.2 Europe 83
Table 17 Standards: Rail Traction Engines (Stage Iii A) 84
Table 18 Standards: Rail Traction Engines (Stage Iii B) 84
5.11.1.3 India 84
Table 19 Design Of Equipment, System, And Sub-Systems To Comply With Following Standards 85
5.11.1.4 South Korea 85
5.11.1.5 China 85
5.11.2 Regulatory Bodies, Government Agencies, And Other Organizations 86
Table 20 North America: Regulatory Bodies, Government Agencies, And Other Organizations 86
Table 21 Europe: Regulatory Bodies, Government Agencies, And Other Organizations 87
Table 22 Asia Oceania: Regulatory Bodies, Government Agencies, And Other Organizations 88
Table 23 Rest Of The World: Regulatory Bodies, Government Agencies, And Other Organizations 89
5.12 Trade Analysis 89
5.12.1 Us 89
Figure 35 Us: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 89
5.12.2 China 90
Figure 36 China: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 90
5.12.3 Germany 90
Figure 37 Germany: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 90
5.12.4 Uk 91
Figure 38 Uk: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 91
5.12.5 France 91
Figure 39 France: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 91
5.12.6 India 92
Figure 40 India: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 92
5.12.7 Italy 92
Figure 41 Italy: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 92
5.12.8 Austria 93
Figure 42 Austria: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 93
5.12.9 Switzerland 93
Figure 43 Switzerland: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 93
5.12.10 Japan 94
Figure 44 Japan: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2018–2022 (Usd Million) 94
5.13 Key Conferences And Events In 2023–2024 95
Table 24 Hybrid Train Market: Key Conferences And Events 95
5.14 Trends And Disruptions Impacting Market 95
Figure 45 Revenue Sources For Hybrid Train Market 95
5.15 Key Stakeholders And Buying Criteria 96
5.15.1 Key Stakeholders In Buying Process 96
Figure 46 Influence Of Stakeholders On Buying Process For Hybrid Trains, By Propulsion 96
Table 25 Influence Of Stakeholders On Buying Process For Hybrid Trains, By Propulsion (%) 97
5.15.2 Buying Criteria 97
Figure 47 Key Buying Criteria 97
Table 26 Key Buying Criteria 98
5.16 Hybrid Train Market Scenario Analysis 98
5.16.1 Most Likely Scenario 98
Table 27 Most Likely Scenario, By Region, 2023–2030 (Units) 99
5.16.2 Optimistic Scenario 99
Table 28 Optimistic Scenario, By Region, 2023–2030 (Units) 99
5.16.3 Pessimistic Scenario 99
Table 29 Pessimistic Scenario, By Region, 2023–2030 (Units) 100
5.17 Details Of Hybrid Train Railway Projects Worldwide 100
Table 30 Europe: Railway Projects 100
Table 31 North America: Railway Projects 104
Table 32 Asia Oceania: Railway Projects 105
Table 33 Rest Of The World: Railway Projects 107

6 Hybrid Train Market, By Application 108
6.1 Introduction 109
Figure 48 Freight Segment To Grow At Higher Cagr During Forecast Period 109
Table 34 Hybrid Train Market, By Application, 2018–2022 (Units) 110
Table 35 Hybrid Train Market, By Application, 2023–2030 (Units) 110
Table 36 Oems In Hybrid Train Market, By Application 110
6.2 Passenger 111
Table 37 Passenger: Hybrid Train Market, By Train Type, 2018–2022 (Units) 111
Table 38 Passenger: Hybrid Train Market, By Train Type, 2023–2030 (Units) 111
6.2.1 Long Distance Train 112
6.2.1.1 Increasing Investment In High-Speed Rail Infrastructure To Drive Growth 112
Table 39 Long Distance Hybrid Train Market, By Region, 2018–2022 (Units) 112
Table 40 Long Distance Hybrid Train Market, By Region, 2023–2030 (Units) 112
6.2.2 Urban Transit Train 113
6.2.2.1 Rising Urbanization And Traffic Congestion To Drive Growth 113
Table 41 Urban Transit Hybrid Train Market, By Region, 2018–2022 (Units) 113
Table 42 Urban Transit Hybrid Train Market, By Region, 2023–2030 (Units) 113
6.3 Freight 114
6.3.1 Development Of Hybrid Technologies To Drive Growth 114
Table 43 Freight: Hybrid Train Market, By Region, 2018–2022 (Units) 114
Table 44 Freight: Hybrid Train Market, By Region, 2023–2030 (Units) 115
6.4 Key Primary Insights 115

7 Hybrid Train Market, By Service Power 116
7.1 Introduction 117
Figure 49 Between 2000 To 4000 Kw Segment To Have Largest Market Share During Forecast Period 117
Table 45 Hybrid Train Market, By Service Power, 2018–2022 (Units) 117
Table 46 Hybrid Train Market, By Service Power, 2023–2030 (Units) 118
7.2 Less Than 2000 Kw 118
7.2.1 Rise In Demand For Urban Transit To Drive Growth 118
Table 47 Less Than 2000 Kw: Hybrid Train Market, By Region, 2018–2022 (Units) 118
Table 48 Less Than 2000 Kw: Hybrid Train Market, By Region, 2023–2030 (Units) 119
7.3 Between 2000 To 4000 Kw 119
7.3.1 Increasing Demand For High-Speed Rail To Drive Growth 119
Table 49 Between 2000 To 4000 Kw: Hybrid Train Market, By Region, 2018–2022 (Units) 119
Table 50 Between 2000 To 4000 Kw: Hybrid Train Market, By Region, 2023–2030 (Units) 120
7.4 Above 4000 Kw 120
7.4.1 Advancement In Propulsion Technology To Drive Growth 120
Table 51 Above 4000 Kw: Hybrid Train Market, By Region, 2018–2022 (Units) 120
Table 52 Above 4000 Kw: Hybrid Train Market, By Region, 2023–2030 (Units) 121
7.5 Key Primary Insights 121

8 Hybrid Train Market, By Operating Speed 122
8.1 Introduction 123
Figure 50 100-200 Km/H Segment To Have Largest Market Share During Forecast Period 123
Table 53 Hybrid Train Market, By Operating Speed, 2018–2022 (Units) 124
Table 54 Hybrid Train Market, By Operating Speed, 2023–2030 (Units) 124
8.2 Below 100 Km/H 124
8.2.1 Development In Propulsion Technologies To Drive Growth 124
Table 55 Below 100 Km/H Hybrid Train Market, By Region, 2018–2022 (Units) 125
Table 56 Below 100 Km/H Hybrid Train Market, By Region, 2023–2030 (Units) 125
8.3 100–200 Km/H 125
8.3.1 Advancements In Hydrogen Fuel Cell And Battery-Operated Trains To Drive Growth 125
Table 57 100–200 Km/H Hybrid Train Market, By Region, 2018–2022 (Units) 126
Table 58 100–200 Km/H Hybrid Train Market, By Region, 2023–2030 (Units) 126
8.4 Above 200 Km/H 126
8.4.1 Increase In Investment For High-Speed Rail To Drive Growth 126
Table 59 Above 200 Km/H Hybrid Train Market, By Region, 2018–2022 (Units) 127
Table 60 Above 200 Km/H Hybrid Train Market, By Region, 2023–2030 (Units) 127
8.5 Key Primary Insights 127

9 Hybrid Train Market, By Propulsion 128
9.1 Introduction 129
Table 61 Difference Between Electro-Diesel, Battery-Electric, And Hydrogen-Battery Hybrid Trains 129
Table 62 Hybrid Train Market, By Propulsion, 2018–2022 (Units) 129
Table 63 Hybrid Train Market, By Propulsion, 2023–2030 (Units) 130
Table 64 Hybrid Train Models, By Propulsion 130
9.2 Electro Diesel 131
9.2.1 Rising Demand For Energy-Efficient Locomotives To Drive Growth 131
Table 65 Electro Diesel-Propelled Hybrid Train Market, By Region, 2018–2022 (Units) 131
Table 66 Electro Diesel-Propelled Hybrid Train Market, By Region, 2023–2030 (Units) 132
9.3 Battery Electric 132
9.3.1 Continuous Developments In Battery Technologies To Drive Growth 132
9.4 Hydrogen Battery 133
9.4.1 Demand For Clean Transportation To Drive Growth 133
9.5 Key Primary Insights 133

10 Hybrid Train Market, By Battery Type 134
10.1 Introduction 134
Figure 51 Types Of Lithium-Ion Batteries 134
10.2 Lead-Acid 134
10.3 Lithium-Ion 135
Figure 52 Lithium-Ion Battery Used In Regional Battery Train 135
10.3.1 Lithium-Titanate Oxide (Lto) 136
10.3.2 Lithium Iron Phosphate (Lfp) 136
10.3.3 Lithium-Nickel-Manganese-Cobalt-Oxide (Nmc) 136
10.4 Sodium-Ion 137
10.5 Nickel-Cadmium 137
10.6 Others 137

11 Hybrid Train Market, By Region 138
11.1 Introduction 139
Figure 53 Europe To Hold Largest Market Share During Forecast Period 139
Table 67 Hybrid Train Market, By Region, 2018–2022 (Units) 140
Table 68 Hybrid Train Market, By Region, 2023–2030 (Units) 140
11.2 Asia Oceania 141
11.2.1 Recession Impact Analysis 141
Figure 54 Asia Oceania: Hybrid Train Market Snapshot 142
Table 69 Asia Oceania: Hybrid Train Market, By Country, 2018–2022 (Units) 142
Table 70 Asia Oceania: Hybrid Train Market, By Country, 2023–2030 (Units) 143
11.2.2 China 143
11.2.2.1 Increase In Demand For High-Speed Hybrid Trains To Drive Growth 143
Table 71 China: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 143
Table 72 China: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 143
11.2.3 Japan 144
11.2.3.1 Presence Of Leading Hybrid Train Manufacturers To Drive Growth 144
Table 73 Japan: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 144
Table 74 Japan: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 144
11.2.4 India 144
11.2.4.1 Increasing Railway Electrification To Drive Growth 144
Table 75 India: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 145
Table 76 India: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 145
11.2.5 South Korea 145
11.2.5.1 Increase In Infrastructure Investments For Hybrid Trains To Drive Growth 145
Table 77 South Korea: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 145
Table 78 South Korea: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 146
11.2.6 New Zealand 146
11.2.6.1 Rising Number Of Railway Projects To Drive Growth 146
Table 79 New Zealand: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 146
Table 80 New Zealand: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 146
11.2.7 Australia 147
11.2.7.1 Rise In Government Investment In Railways Sector To Drive Growth 147
Table 81 Australia: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 147
Table 82 Australia: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 147
11.3 Europe 148
11.3.1 Recession Impact Analysis 148
Figure 55 Germany To Hold Largest Market Share In Europe During Forecast Period 148
Table 83 Europe: Hybrid Train Market, By Country, 2018–2022 (Units) 149
Table 84 Europe: Hybrid Train Market, By Country, 2023–2030 (Units) 149
11.3.2 France 149
11.3.2.1 Rising Demand For Less Polluting Trains To Drive Growth 149
Table 85 France: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 150
Table 86 France: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 150
11.3.3 Germany 150
11.3.3.1 Increase In Investment For Upgrading Railway Infrastructure To Drive Growth 150
Table 87 Germany: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 150
Table 88 Germany: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 151
11.3.4 Italy 151
11.3.4.1 Increasing Modernization And Expansion Of Existing Railway Network To Drive Growth 151
Table 89 Italy: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 151
Table 90 Italy: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 151
11.3.5 Spain 152
11.3.5.1 Increasing High-Speed Railway Network And Presence Of Reputed Hybrid Train Manufacturers To Drive Growth 152
Table 91 Spain: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 152
Table 92 Spain: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 152
11.3.6 Austria 152
11.3.6.1 Replacement Of Current Diesel Trains With Electro-Diesel Trains To Drive Growth 152
Table 93 Austria: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 153
Table 94 Austria: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 153
11.3.7 Uk 153
11.3.7.1 Rise In Government Investment In Emission-Free Transportation To Drive Growth 153
Table 95 Uk: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 153
Table 96 Uk: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 154
11.4 North America 154
11.4.1 Recession Impact Analysis 154
Figure 56 North America: Hybrid Train Market Snapshot 155
Table 97 North America: Hybrid Train Market, By Country, 2018–2022 (Units) 155
Table 98 North America: Hybrid Train Market, By Country, 2023–2030 (Units) 156
11.4.2 Us 156
11.4.2.1 Rising Demand For Hybrid Freight Trains To Drive Growth 156
Table 99 Us: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 156
Table 100 Us: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 156
11.4.3 Canada 157
11.4.3.1 Increasing Passenger And Freight Transportation To Drive Growth 157
Table 101 Canada: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 157
Table 102 Canada: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 157
11.4.4 Mexico 158
11.4.4.1 Rising Concerns About Reduction In Carbon Emissions To Drive Growth 158
Table 103 Mexico: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 158
Table 104 Mexico: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 158
11.5 Middle East & Africa 159
11.5.1 Recession Impact Analysis 159
Figure 57 Egypt To Hold Largest Market Share In Middle East & Africa During Forecast Period 159
Table 105 Middle East & Africa: Hybrid Train Market, By Country, 2018–2022 (Units) 159
Table 106 Middle East & Africa: Hybrid Train Market, By Country, 2023–2030 (Units) 160
11.5.2 South Africa 160
11.5.2.1 Rise In Government Spending On Greener Trains To Drive Growth 160
Table 107 South Africa: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 160
Table 108 South Africa: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 160
11.5.3 Uae 161
11.5.3.1 Development In Railway Technologies To Drive Growth 161
Table 109 Uae: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 161
Table 110 Uae: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 161
11.5.4 Egypt 162
11.5.4.1 Government Plans To Invest In Hybrid Train Lines For Tourism To Drive Growth 162
Table 111 Egypt: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 162
Table 112 Egypt: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 162
11.6 Rest Of The World 162
Figure 58 Russia To Hold Largest Market Share In Rest Of The World During Forecast Period 163
Table 113 Rest Of The World: Hybrid Train Market, By Country, 2018–2022 (Units) 163
Table 114 Rest Of The World: Hybrid Train Market, By Country, 2023–2030 (Units) 163
11.6.1 Brazil 164
11.6.1.1 Rising Electrification Of Existing Networks To Drive Growth 164
Table 115 Brazil: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 164
Table 116 Brazil: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 164
11.6.2 Russia 164
11.6.2.1 Increasing Demand For Electro-Diesel Trains To Drive Growth 164
Table 117 Russia: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 164
Table 118 Russia: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 165
11.6.3 Argentina 165
11.6.3.1 Modernization Of Railway Network To Drive Growth 165
Table 119 Argentina: Hybrid Train Market, By Propulsion, 2018–2022 (Units) 165
Table 120 Argentina: Hybrid Train Market, By Propulsion, 2023–2030 (Units) 165

12 Competitive Landscape 166
12.1 Overview 166
12.2 Key Players’ Strategies/Right To Win 166
Table 121 Overview Of Strategies Adopted By Key Players In Hybrid Train Market 166
12.3 Market Share Analysis For Key Players, 2022 167
Table 122 Market Share Analysis, 2022 167
Figure 59 Hybrid Train Market Share Analysis, 2022 168
12.3.1 Crrc 168
12.3.2 Alstom 169
12.3.3 Siemens 169
12.3.4 Wabtec Corporation 169
12.3.5 Stadler Rail Ag 169
12.4 Revenue Analysis Of Key Players, 2018–2022 170
Figure 60 Top Public/Listed Players In Hybrid Train Market In Last 5 Years 170
12.5 Competitive Scenario 170
12.5.1 Product Launches/Developments 170
Table 123 Product Launches/Developments, 2021–2023 171
12.5.2 Deals 172
Table 124 Deals, 2021–2023 172
12.5.3 Others 178
Table 125 Others, 2021–2023 178
12.6 Company Evaluation Matrix 180
12.6.1 Stars 180
12.6.2 Pervasive Players 180
12.6.3 Emerging Leaders 180
12.6.4 Participants 180
Figure 61 Hybrid Train Market: Company Evaluation Matrix, 2022 181
Table 126 Hybrid Train Market: Company Region Footprint, 2022 182
Table 127 Hybrid Train Market: Company Application Footprint, 2022 182
Table 128 Hybrid Train Market: Company Battery Type Footprint, 2022 183
Table 129 Hybrid Train Market: Company Product, Application, And Region Footprint, 2022 183
12.7 Startup/Sme Evaluation Matrix 184
12.7.1 Progressive Companies 184
12.7.2 Responsive Companies 184
12.7.3 Dynamic Companies 184
12.7.4 Starting Blocks 184
Figure 62 Hybrid Train Market: Startup/Sme Evaluation Matrix, 2022 185
Table 130 Hybrid Train Market: Startup/Sme Region Footprint, 2022 186
Table 131 Hybrid Train Market: Startup/Sme Application Footprint, 2022 186
Table 132 Hybrid Train Market: Startup/Sme Application And Region Footprint, 2022 187

13 Company Profiles 188
(Business Overview, Products Offered, Recent Developments & Mnm View)*
13.1 Key Players 188
13.1.1 Crrc Corporation Limited (Crrc) 188
Table 133 Crrc: Company Overview 188
Figure 63 Crrc: Company Snapshot 189
Table 134 Crrc: Products Offered 189
Table 135 Crrc: Product Developments 190
Table 136 Crrc: Deals 191
13.1.2 Alstom 193
Table 137 Alstom: Company Overview 193
Figure 64 Alstom: Company Snapshot 194
Figure 65 Alstom: New Business Opportunity Spaces 194
Table 138 Alstom: Products Offered 195
Table 139 Alstom: Product Developments 195
Table 140 Alstom: Deals 196
Table 141 Alstom: Others 200
13.1.3 Siemens 202
Table 142 Siemens: Company Overview 202
Figure 66 Siemens: Company Snapshot 203
Table 143 Siemens: Products Offered 203
Table 144 Siemens: Product Developments 204
Table 145 Siemens: Deals 204
Table 146 Siemens: Others 206
13.1.4 Wabtec Corporation 208
Table 147 Wabtec Corporation: Company Overview 208
Figure 67 Wabtec Corporation: Company Snapshot 209
Table 148 Wabtec Corporation: Products Offered 209
Table 149 Wabtec Corporation: Deals 210
Table 150 Wabtec Corporation: Others 211
13.1.5 Stadler Rail Ag 213
Table 151 Stadler Rail Ag: Company Overview 213
Figure 68 Stadler Rail Ag: Company Snapshot 213
Table 152 Stadler Rail Ag: Products Offered 214
Table 153 Stadler Rail Ag: Product Developments 214
Table 154 Stadler Rail Ag: Deals 215
Table 155 Stadler Rail Ag: Others 217
13.1.6 Hyundai Rotem Company 218
Table 156 Hyundai Rotem Company: Company Overview 218
Figure 69 Hyundai Rotem Company: Company Snapshot 218
Table 157 Hyundai Rotem Company: Products Offered 219
Table 158 Hyundai Rotem Company: Product Developments 219
Table 159 Hyundai Rotem Company: Deals 219
13.1.7 Hitachi, Ltd. 221
Table 160 Hitachi, Ltd.: Company Overview 221
Figure 70 Hitachi, Ltd.: Company Snapshot 221
Table 161 Hitachi, Ltd.: Products Offered 222
Table 162 Hitachi, Ltd.: Product Developments 222
Table 163 Hitachi, Ltd.: Deals 223
13.1.8 Construcciones Y Auxiliar De Ferrocarriles (Caf) 225
Table 164 Caf: Company Overview 225
Figure 71 Caf: Company Snapshot 225
Table 165 Caf: Products Offered 226
Table 166 Caf: Deals 226
13.1.9 Toshiba 228
Table 167 Toshiba: Company Overview 228
Figure 72 Toshiba: Company Snapshot 229
Table 168 Toshiba: Products Offered 229
Table 169 Toshiba: Product Developments 230
Table 170 Toshiba: Deals 230
13.1.10 Cummins Inc. 232
Table 171 Cummins Inc.: Company Overview 232
Figure 73 Cummins Inc.: Company Snapshot 233
Table 172 Cummins Inc.: Products Offered 233
Table 173 Cummins Inc.: Deals 234
13.1.11 Abb 235
Table 174 Abb: Company Overview 235
Figure 74 Abb: Company Snapshot 235
Table 175 Abb: Products Offered 236
Table 176 Abb: Deals 236
Table 177 Abb: Others 237
13.1.12 Mitsubishi Electric Corporation 238
Table 178 Mitsubishi Electric Corporation: Company Overview 238
Figure 75 Mitsubishi Electric Corporation: Company Snapshot 238
Table 179 Mitsubishi Electric Corporation: Products Offered 239
Table 180 Mitsubishi Electric Corporation: Deals 239
13.1.13 Talgo 240
Table 181 Talgo: Company Overview 240
Figure 76 Talgo: Company Snapshot 240
Table 182 Talgo: Products Offered 241
Table 183 Talgo: Deals 241
*Details On Business Overview, Products Offered, Recent Developments & Mnm View Might Not Be Captured In Case Of Unlisted Companies.
13.2 Other Key Players 242
13.2.1 Bnsf 242
Table 184 Bnsf: Company Overview 242
13.2.2 Ballard Power Systems 242
Table 185 Ballard Power Systems: Company Overview 242
13.2.3 Chart Industries 243
Table 186 Chart Industries: Company Overview 243
13.2.4 Renfe Operadora 243
Table 187 Renfe Operadora: Company Overview 243
13.2.5 Skoda Transportation 244
Table 188 Skoda Transportation: Company Overview 244
13.2.6 Db Cargo 244
Table 189 Db Cargo: Company Overview 244
13.2.7 Sncf 245
Table 190 Sncf: Company Overview 245
13.2.8 Rolls-Royce 245
Table 191 Rolls-Royce: Company Overview 245
13.2.9 The Kinki Sharyo Co., Ltd. 246
Table 192 The Kinki Sharyo Co., Ltd.: Company Overview 246
13.2.10 Kawasaki Heavy Industries 246
Table 193 Kawasaki Heavy Industries: Company Overview 246
13.2.11 Etihad Rail 247
Table 194 Etihad Rail: Company Overview 247
13.2.12 Sinara Transport Machines 247
Table 195 Sinara Transport Machines: Company Overview 247
13.2.13 Transmashholding 248
Table 196 Transmashholding: Company Overview 248
13.2.14 Intamin Bahntechnik Und Betriebs-Mbh & Co. Kg 248
Table 197 Intamin Bahntechnik Und Betriebs-Mbh & Co. Kg: Company Overview 248

14 Recommendations By Marketsandmarkets 249
14.1 North America To Be Fastest-Growing Market During Forecast Period 249
14.2 Increasing Railway Electrification Network To Drive Demand For Electro-Diesel Trains 249
14.3 Upcoming Tri-Mode Train Technology To Offer Market Growth Opportunities 250
14.4 Conclusion 250

15 Appendix 251
15.1 Key Insights From Industry Experts 251
15.2 Discussion Guide 251
15.3 Knowledgestore: Marketsandmarkets’ Subscription Portal 254
15.4 Customization Options 256
15.5 Related Reports 256
15.6 Author Details 257

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