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
Wabtech Corporation (GE Transportation)
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.