Covina, CA, December 24, 2020 (GLOBE NEWSWIRE) – Renewable braking analysis, autonomous trains, AI in maintenance and refurbishment, and the growing use of fuel cell power in heavy load transportation are the key market trends or technologies that will have a significant impact on the market. future hybrid trains.
The global hybrid train market is expected to record a CAGR of 7.7% in the forecast period.
The report “Global Hybrid train Market, By type of transmission (Electro Diesel, Battery operated, Hydrogen, CNG, LNG, and Solar), By Application (Passenger and Goods), By operating speed (> 100 km / h, 100-200 km / h, and <200 km / h), and by region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Bias, Analysis and Estimation to 2029 ".
Request a free copy of this Business Intelligence Report @ https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4516
Key events:
- In July 2020, Cummins Inc. announced. agreement to create a joint venture with NPROXX, a leader in hydrogen storage and transportation, for hydrogen storage tanks. The joint venture will continue under the name NPROXX. The joint venture will provide customers with tight hydrogen and natural gas storage materials for both road and rail applications.
- In July 2020, Hitachi Rail and Hyperdrive Innovation signed a special agreement to develop battery packs to power zero-emission trains and to create a battery center in the North East of the UK.
- In March 2020, Siemens Mobility received the first order for battery-powered trains. SFBW ordered 20 Mireo Plus B trains from Siemens Mobility.
- In March 2020, Bombardier announced a ban on its plants in the Quebec and Ontario regions due to the release of COVID-19, while Alstom adversely affected its financial performance, as was most companies in Europe. As Alstom reported, the company’s sales fell 27% in their first quarter (April-June) of the 2020-21 financial year.
- In September 2019, Cummins Inc. closed. (NYSE: CMI) has built a supplier of fuel cell and hydrogen production technologies, Hydrogenics Corporation.
Analyst view:
Growing demand for energy efficient and less polluting trains
Pollution has become a major problem today so the government is trying all possible controls to control various regulatory and new changes around the world. Old trains have caused major emissions causing more pollution as governments in several countries have forced train manufacturers to adopt non-polluting trains. As a result the ecofriendly hybrid trains were adopted, thus strengthening the global hybrid trains market.
Government funding
Metropolitan areas have heavy traffic and increased demand for public transport. Government agencies are expected to invest significantly in developing support infrastructure and improving the existing infrastructure to meet this demand. These investments will lead to new orders for such trains, driving the global hybrid train market.
Browse 60 market data tables * and 35 figures * through 140 slides and a deep TOC on “Global Hybrid Train Market ”, by type of movement (Electro Diesel, Battery operated, Hydrogen, CNG, LNG, and Solar), by Application (Passenger and Goods), by operating speed (> 100 km / h, 100-200 km / h, <200 km / h) and by region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Bias, Analysis and Estimated to 2029
Request a PDF brochure @ https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/4516
Key market insights from the report:
The global hybrid train market is expected to record a CAGR of 7.7% in the forecast period. The market report has been broken down by movement type, application, operating speed, and segment.
- Depending on the type of movement, electro diesel dominates the global hybrid train market because they are less polluting and cost-effective. For example, In Poland, in 2018, PKP Cargo, Pesa, and the TABOR Railway Carriage Institute signed an agreement at InnoTrans to develop an automated electro-diesel locomotive.
- By input, the global hybrid train market is considered to have the largest share of the passenger market as the hybrid train offers cost-effective and efficient transportation to passengers. as well as goods. Several cities are implementing new rail infrastructure projects to reduce road congestion and provide an affordable mode of transport at an inter-regional as well as an in-city level. With more urbanization, a growing demand for greater connectivity, comfort, reliability, and safety, it will increase the demand for passenger segment in this market.
- According to the operating speed section, the 100-200 km / ha segment will drive the hybrid train market in the forecast period due to the high volume of electro-diesel trains in the train market. hybrid with a top speed of 100-200 km / h.
- By region, Asia-Pacific is in control of the hybrid train market as a result of several ongoing projects to launch the hybrid trains and the demand is for greener trains, implementation of new technologies and establishment new government regulations guide this market in this sector.
To know the upcoming trends and insights in this market, click on the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Hybrid-Train-Market-4516
Competitive Landscape:
Prominent players operating in the global hybris train market include CRRC, Bombardier, Alstom, Siemens, Wabtec Corporation (Ge Transportation), Hyundai Rotem, Hitachi, Construcciones Y Auxiliar De Ferrocarriles (CAF), Toshiba and Cummins.
The market provides detailed information on business base, productivity, strengths, manufacturers, and recent trends that help companies to expand their businesses and drive financial growth. Additionally, the report highlights dynamic features including segments, sub-segments, regional market segments, competition, key advanced players, and market forecasts. In addition, the market includes recent collaborations, unions, acquisitions, and partnerships with regulatory frameworks across different sectors that influence the market direction. Recent technological advances and innovations that have impacted the global market are included in the report.
About prophetic market ideas
Prophecy Market Insights is a specialist market research, analysis, marketing / business strategy, and solutions that provide strategic and strategic support to clients to make informed business decisions and to identify and seize high value opportunities. performance in the target area of activity. We also help our clients meet business challenges and provide the best solutions to overcome them and transform their business.
Some important points answered in this market report are given below:
- Explains an overview of the product package, including product development, design, and positioning
- Explains details of key operational strategies with a focus on R&D strategies, corporate structure, zoning strategies, production capabilities, and financial performance of different companies.
- Analysis of market revenues over the expected period.
- Exploring various market perspectives with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Examine the segments expected to control the market.
- A study of the expected regional survey that will record the highest growth over the expected period
Key topics covered
- Introduction
- Investigate what can be delivered
- Assumption research
- Scope of the Study
- Research Methodology
- Government Minutes
- Opportunity Map Analysis
- Prospective market
- Market share (%) and BPS analysis, by region
- Competitive Landscape
- Heat Map Analysis
- Market presence and specificity analysis
- Investment Analysis
- Competitive Analysis
To know more Contact Us: Sales Prophecy Market Insights Email- [email protected]