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Hybrid Train Market Size - By Propulsion Type (Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, Solar Powered), By Technology (Valve Regulated Lead-acid, Lithium-ion, Nickel-Metal Hydride), Operating Speed, Application & Forecast, 2023 – 2032

  • Report ID: GMI6708
  • Published Date: Sep 2023
  • Report Format: PDF

Hybrid Train Industry Analysis

Hybrid Train Market size was valued at USD 16.4 billion in 2022 and is projected to grow at a CAGR of over 5% between 2023 and 2032. The rising need to reduce greenhouse gas emissions and fuel consumption is driving the market size. Hybrid trains offer an eco-friendly alternative by combining electric & diesel power sources, resulting in lower emissions and increased fuel efficiency. This aligns with global efforts to combat climate change and reduce the transportation sector's carbon footprint, making hybrid trains an attractive solution for sustainable rail transport.

Hybrid Train Market

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The demand for hybrid trains is growing due to their greater flexibility to operate on both electrified and non-electrified rail lines. This versatility allows rail operators to optimize their routes, reduce infrastructure costs, and expand their service coverage without extensive electrification efforts.

As a result, hybrid trains are becoming a preferred choice in regions with mixed rail networks, enhancing efficiency and accessibility while reducing the environmental impacts of transportation. In addition, the drive for hybrid trains is a significant advancement in the rolling stock industry, offering a more sustainable and efficient mode of rail transportation. These innovative trains combine traditional locomotive power with electric propulsion systems, reducing fuel consumption and greenhouse gas emissions.

The increasing emphasis on electric trains can potentially hinder the hybrid train market growth. Electric powertrains produce zero emissions when running on electrified tracks, aligning with strict environmental goals. As electrification efforts expand, the economic and environmental advantages of purely electric trains may overshadow hybrid alternatives. This shift in focus may reduce the demand for hybrid trains, especially in regions with well-established electrified rail networks, potentially slowing their market demand.

COVID-19 Impact

The COVID-19 pandemic had adverse impacts on the hybrid train market. Supply chain disruptions and factory closures disrupted manufacturing, causing delays & reduced production capacity. Reduced passenger traffic and economic uncertainties led to decreased demand for new train purchases. Consequently, the market experienced a downturn in sales and revenue. However, governments' focus on green recovery and investments in sustainable transportation may offer a potential rebound opportunity for the hybrid train industry in the post-pandemic period.

Hybrid Train Market Trends

Government initiatives promoting hydrogen-powered trains to reduce carbon emissions are driving the hybrid train industry growth. These efforts encourage the adoption of alternative fuels and sustainable transportation solutions. For instance, in June 2023, under the 'Hydrogen for Heritage' initiative, the Indian Railways unveiled its intentions to run 35 hydrogen trains, embracing an eco-friendlier approach to curb carbon emissions. This project seeks to transform the railway sector by integrating hydrogen fuel cells as a sustainable alternative to traditional diesel engines. Government support and investments in such initiatives are creating a favorable environment for the market to flourish as a sustainable rail transport option.

Hybrid Train Propulsion Type Segmentation

Hybrid Train Market Revenue, By Propulsion Type, 2021 – 2032, (USD Billion)

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The hybrid train market from electric-diesel segment is predicted to expand at 4.5% CAGR during the forecast period. Electric-diesel trains are poised to strengthen the market by offering an attractive middle ground between purely electric and traditional diesel locomotives. These trains can operate efficiently on electrified tracks, reducing emissions and fuel consumption while seamlessly transitioning to diesel power on non-electrified routes.

For instance, in June 2023, Alstom, SNCF, and CAF jointly completed the testing of France's inaugural hybrid electric-diesel-battery regional train. These trials were held on the Toulouse-Mazamet and Toulouse-Rodez railway lines in Southern France, simulating real-world conditions & adhering to the schedule of a typical commercial service to showcase the hybrid train's performance.

Hybrid Train Application Segmentation

 Global Hybrid Train Market Share, By Application, 2022

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The hybrid train market from passenger segment size dominated around USD 9 billion in 2022. The introduction of new hybrid trains is driving growth in the passenger trains segment. These trains offer a sustainable and eco-friendly mode of transportation, reducing emissions and operating costs while providing greater flexibility on mixed-electrified and non-electrified routes.

For instance, in September 2022, Hitachi Rail introduced its innovative 'Blues Train' during the InnoTrans rail transport exhibition in Berlin, Germany. Blues Train is heralded as Europe's pioneer tri-mode fleet ready for passenger service. This advanced battery hybrid train, created for Trenitalia, is expected to achieve a 50% reduction in carbon emissions and fuel consumption while offering the capability to fully operate on battery power when arriving and departing from stations.

Hybrid Train Regional Analysis

Asia Pacific Hybrid Train Market Revenue, 2021 -2032, (USD Billion)

Asia Pacific hybrid train market accounted for 45% of revenue share in 2022. Government initiatives supporting hybrid train projects are energizing the market. These initiatives prioritize eco-friendly transportation solutions, reduce emissions, and enhance rail infrastructure. By investing in and promoting hybrid train technologies, governments in the Asia Pacific region are fostering a sustainable & efficient rail network. This commitment to cleaner transportation aligns with global environmental goals and spurs the adoption of hybrid trains, propelling growth in the regional market.

Hybrid Train Industry Leaders

Major companies operating in the hybrid train market are ABB, Alstom, CRRC, Cummins, Hitachi, Hyundai Rotem Company, Kawasaki, Mitsubishi, Progress Rail, Siemens, Škoda Transportation, Stadler Rail AG, Toshiba, Viva Rail, and Wabtech Corporation (GE Transportation).

Hybrid Train Industry News

  • In April 2023, the Transport for Wales (TFW) launched battery-hybrid trains for regular passenger operations in Wales, specifically on the Borderlands Line connecting Wrexham and Bidston. The TFW presently possesses five Class 230 trains, each featuring three carriages and accommodating more than 120 passengers, significantly expanding capacity compared to the prior rolling stock fleet.

This hybrid train market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipment (Units) from 2018 to 2032, for the following segments:

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Market, By Propulsion Type

  • Electro-diesel
  • Battery operated
  • Hydrogen powered
  • Gas powered
  • Solar powered

Market, By Technology

  • Valve regulated lead-acid
  • Lithium-ion
  • Nickel-Metal Hydride (NiMH)
  • Others

Market, By Operating Speed

  • Less than 100 km/hr
  • 100 - 200 km/hr
  • More than 200 km/hr

Market, By Application

  • Passenger
  • Freight

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • Japan
    • India
    • Singapore
    • Australia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of hybrid train reached USD 16.4 billion in 2022 and is set to register over 5% CAGR from 2023 to 2032, due to the rising need to reduce greenhouse gas emissions and fuel consumption worldwide.

2. Why are hybrid trains gaining traction as a preferred source of transport in passenger applications?

Asia Pacific registered over 45% of the market share in 2022, owing to the increasing government initiatives supporting hybrid train projects in the region.

ABB, Alstom, CRRC, Cummins, Hitachi, Hyundai Rotem Company, Kawasaki, Mitsubishi, Progress Rail, Siemens, Škoda Transportation, Stadler Rail AG, Toshiba, Viva Rail, and Wabtech Corporation, are some of the major hybrid train companies worldwide.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 616
  • Countries covered: 21
  • Pages: 371
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