Hybrid Train Market Sees Promising Growth by 2030
The Global Hybrid Train Market size is projected to reach 8,389 units by 2030, from an estimated 4,904 units in 2020, at a CAGR of 5.5%.
Factors such as high gasoline prices, traffic congestion, and greenhouse gas emissions have compelled railway OEMs to explore beyond the use of conventional propulsion systems in trains. In this pursuit, OEMs are working toward developing hybrid trains that use...