Asia Pacific Hybrid Train Market Size & Outlook, 2023-2030
The hybrid train market in Asia Pacific is expected to reach a projected revenue of US$ 8,656.0 million by 2030. A compound annual growth rate of 7.7% is expected of Asia Pacific hybrid train market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,139.8
Forecast, 2030 (US$M)
$8,656.0
CAGR, 2024 - 2030
7.7%
Report Coverage
Asia Pacific
Asia Pacific hybrid train market, 2018-2030 (US$M)
Asia Pacific hybrid train market highlights
- The Asia Pacific hybrid train market generated a revenue of USD 5,139.8 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, electro diesel was the largest revenue generating propulsion type in 2023.
- Electro Diesel is the most lucrative propulsion type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5,139.8 million |
| Market revenue in 2030 | USD 8,656.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Electro diesel |
| Fastest growing segment | Electro Diesel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electro Diesel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.9% of the global hybrid train market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,656.0 million by 2030.
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Hybrid Train Market Scope
Hybrid train market segmentation & scope
Electro Diesel
Battery Electric
Hydrogen Powered
Others (Supercapacitor, flywheel energy)
Speed
Below 100 Km/h
100 - 200 Km/h
Above 200 Km/h
Application
Passenger
Freight
Countries
Brazil
Argentina
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
Hybrid Train Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific hybrid train market
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