PUBLISHER: The Business Research Company | PRODUCT CODE: 1659148
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659148
Hybrid trains are a type of train that utilizes an energy-efficient combination of a conventional diesel engine and an electric drive system. These trains operate with a dual fuel system, employing electricity as the primary fixed fuel source. The primary purpose of hybrid trains is to transport both passengers and cargo.
The main types of hybrid train propulsion encompass various technologies such as electro-diesel, battery-operated, hydrogen-powered, gas-powered, and solar-powered. Electro-diesel hybrid trains have the capability to operate on both diesel and electricity, providing flexibility in various scenarios. These trains may operate at different speeds, categorized as below 100 km/h, 100-200 km/h, and above 200 km/h, catering to applications in both freight and passenger transportation.
The hybrid train market research report is one of a series of new reports from The Business Research Company that provides hybrid train market statistics, including hybrid train industry global market size, regional shares, competitors with a hybrid train market share, detailed hybrid train market segments, market trends and opportunities, and any further data you may need to thrive in the hybrid train industry. This hybrid train market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hybrid train market size has grown strongly in recent years. It will grow from $18.52 billion in 2024 to $19.89 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to environmental regulations, rising fuel costs, government initiatives and incentives, urbanization and congestion, rail industry innovation.
The hybrid train market size is expected to see strong growth in the next few years. It will grow to $26.09 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to competitive landscape, public awareness and perception, global market expansion, focus on innovation and R&D, demonstration projects and pilot programs. Major trends in the forecast period include electrification of transport, environmental regulations and emission reduction, hydrogen fuel cell integration, smart and connected railways, focus on energy efficiency.
The hybrid train market is anticipated to witness growth due to the increasing global emphasis on reducing emissions from railways. Governments and stakeholders are actively working toward minimizing carbon footprints in the transportation sector. Hybrid trains, known for their reduced fuel consumption, align with these environmental objectives, providing both ecological benefits and economic savings. As an illustration, Indian Railways is committed to electrifying its entire rail network by December 2023 and achieving complete electrification by the fiscal year 2024. This involves an increased use of renewable energy to electrify the traction network, contributing to energy efficiency and emission reduction. The rising focus on emission reduction from railways is expected to be a key driver for the hybrid train market.
The increasing focus on the development and testing of autonomous trains is anticipated to drive the growth of the hybrid train market in the coming years. Autonomous trains operate without direct human intervention, utilizing a blend of sensors, cameras, artificial intelligence, and other technologies to navigate, monitor their surroundings, and make decisions related to speed, braking, and other operational functions. For instance, in October 2022, Union Pacific Railroad, a U.S.-based Class I freight-hauling railroad with a fleet of 8,300 locomotives operating over 32,200 miles across 23 states west of Chicago and New Orleans, partnered with ZTR, a Canadian green technology company specializing in locomotive control systems. This collaboration aims to develop hybrid-electric locomotives, enhancing fleet fuel efficiency and advancing their commitment to sustainability goals while also testing the technology's potential for broader application within the locomotive fleet. Consequently, the rise in autonomous train development and testing is expected to bolster the hybrid train market.
A key trend gaining popularity in the hybrid train market is the development of battery-operated trains, offering an environmentally friendly transportation alternative. Declining prices of lithium-ion batteries over the next few years make battery-powered trains a sustainable and cost-effective choice for the railway industry. For instance, in May 2022, West Central Railway in India, which introduced a battery-operated dual-mode locomotive capable of running on both battery and electricity modes. This innovation presents a promising solution for reducing diesel consumption and promoting eco-friendly transportation in the hybrid train market.
Major companies in the hybrid train market are directing their attention toward hydrogen-powered trains to sustain their market position. Hydrogen-powered trains utilize fuel cells to generate electricity, producing zero carbon emissions and only water vapor. For instance, East Japan Railway (JR East) introduced the Hydrogen-Hybrid Advanced Rail Vehicle for Innovation (HYBARI) in February 2022. Equipped with a hydrogen-powered fuel cell system and storage batteries, this test train signifies a commitment to environmentally friendly transportation. JR East plans to initiate test runs in late March 2022, with commercial operations slated to begin in 2030. The adoption of hydrogen-powered trains is expected to contribute significantly to the growth and sustainability of the hybrid train market.
In February 2023, Great Western Railway (GWR), a prominent UK-based train operating company, successfully acquired multiple assets from Vivarail for an undisclosed sum. This comprehensive acquisition encompasses intellectual property, rolling stock, and equipment associated with the advancement of battery and hybrid trains, along with FastCharge technology. Vivarail, the UK-based manufacturer specializing in battery and hybrid trains, is the entity divesting these assets as part of the transaction.
Major companies operating in the hybrid train market are CRRC Corporation Limited, Alstom SA, Siemens AG, Wabtec Corporation, Hyundai Rotem Company, Stadler Rail AG, Hitachi Ltd., Ballard Power Systems Inc., Construcciones y Auxiliar de Ferrocarriles SA, The Kinki Sharyo Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Vivarail Ltd., Thales Group, Kawasaki Heavy Industries Ltd., Cummins Inc., ABB Ltd., Voith GmbH & Co. KGaA, Mitsubishi Heavy Industries Ltd., Vossloh AG, Skoda Transportation AS, Newag S.A., PESA Bydgoszcz S.A., Staubli Electrical Connectors AG, Prodrive Technologies B.V., TMH International AG, ZF Friedrichshafen AG, Faiveley Transport S.A., Knorr-Bremse AG, Akiem Group S.A., Talgo S.A.
Europe was the largest region in the hybrid train market share in 2024. The regions covered in the hybrid train market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hybrid train market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hybrid train market consists of sales of batteries, super capacitors, electronic power converters, and electric motors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hybrid Train Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hybrid train market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hybrid train ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hybrid train market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.