Hybrid Train Market is estimated to be 8187.50 Units by 2029 with a CAGR of 5.3% during the forecasted period.
A hybrid train is a train that uses an onboard rechargeable energy storage system (RESS), placed between the power source (often a diesel engine prime mover) and the traction transmission system connected to the wheels. Some hybrids are also able to convert mechanical motion into stored energy. The means of converting energy between storage and mechanical motion is through the use of one or more motors/generators for e.g., electric, pneumatic, hydraulic, thereby achieving reduced fuel consumption. The report “Hybrid Train Market, By Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, and Solar), By Application (Passenger and Freight), 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) - Trends, Analysis, and Forecast till 2029” Key Highlights: In July 2020, Cummins Inc. announced an agreement to form a joint venture with NPROXX, a le...