Hybrid train market will grow at a CAGR of 5.15% in the forecast period of 2021 to 2028. Growing demand for energy-efficient and less polluting train operations is an essential factor driving the hybrid train market. A hybrid train is a type of an engine that utilizes an on-board rechargeable energy storage system (RESS), which is set up in the middle of the source providing power and the electric system of the train which is interconnected to the wheels that is traction transmission system. They are emission free, environmental friendly, reliable and effective trains which are deemed fit for the sustainable development of the globe.

Rising benefits of hybrid trains over conventional diesel trains is a crucial factor accelerating the market growth, also rising demand for of transportation that is reliable, sustainable, cost effective and energy-efficient, the rising need to control the increasing levels of pollution and noise in the environment, rising demand for public transports in order to reduce the level of traffics, rising investments made by governments across the globe to develop rail system infrastructure, rising demand for hybrid trains in freight transportation and rising awareness about the safeguarding of environment by making it pollution free are the major factors among others boosting the hybrid train market. Moreover, rising availability of alternative fuel options, increasing government support for alternative fuel-powered railway operations, rising railway operations in industrial and mining activities and rising research and development activities will further create new opportunities for hybrid train market in the forecast period mentioned above. However, increased development cost and complexities involved in hybrid train technologies and related infrastructure and rising refurbishment of existing trains are the major factors among others which will curtail the market growth, while rising COVID-19 impact on the overall public transport demand will further challenge the hybrid train market in the forecast period mentioned above.

Global Hybrid Train Market, By Operating Speed (>100 km/h, 100-200 km/h, 100 km/h, 100-200 km/h and