The Europe hybrid and battery-powered train market is projected to reach US$ 7,176.71 million by 2028 from US$ 4,462.08 million in 2022; it is expected to register a CAGR of 8.6% during 2023–2028.
Hybrid trains utilize an energy-saving combination of alternative fuel sources, such as hydrogen fuel cells, CNG, LNG, and electric batteries. This energy-saving combination also helps reduce environmental pollution significantly. Also, they help attain climate-neutral initiatives of the government and various organizations. Thus, the Europe hybrid and battery-powered train market growth is hastened. For instance, in June 2022, the European Commission planned to invest in 135 transport infrastructures under the Connecting Europe Facility (CEF). The Commission allotted ~US$ 5.68 billion to make transport more sustainable and efficient. Moreover, in Europe, the adoption of battery-powered trains is rising and is anticipated to continue during the forecast period. For instance, in June 2022, Nahverkehr Westfalen-Lippe (NWL), a German operator association, extended a contract worth US$ 178.76 million with CAF (Construcciones y Auxiliar de Ferrocarriles). Under this contract, the company agreed to supply ten battery-powered trains and fleet maintenance for 33 years in the North Rhine-Westphalia. All such factors contribute to the overall growth of the Europe hybrid and battery-powered train market
The Europe hybrid and battery-powered train market is segmented into Germany, France, Italy, Spain, the UK, Poland, Austria, Slovenia, Bulgaria, Hungary, Romania, Greece, Serbia, Scandinavia, Croatia, and the Rest of Europe. The German government has plans to electrify 75% of the railway route network in Germany by 2030. Till October 2022, the country had ~61% of the railway route electrified, and 74% of all train kilometers were covered electrically. The German government and railway companies in the country are taking various initiatives to make the total German railway infrastructure electric. For instance, in November 2021, Niederbarnimer Eisenbahn (NEB) ordered 31 battery-operated Mireo Plus B trains from Siemens Mobility. These new environmentally friendly Mireo Plus B trains would run on all East Brandenburg rail network lines; the services of these lines are scheduled for launch in December 2024. Battery-electric trains will be used in the Verkehrsverbund Berlin-Brandenburg (VBB) public transport network for the first time. The country has also experienced various innovations in hybrid trains. Thus, government initiatives to electrify rail networks and the introduction of trains are fueling the Europe hybrid and battery-powered train market growth.
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Europe Hybrid and Battery-Powered Train Market: Strategic Insights
Market Size Value in US$ 4,462.08 million in 2022 Market Size Value by US$ 7,176.71 million by 2028 Growth rate CAGR of 8.6% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2022
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Europe Hybrid and Battery-Powered Train Market: Strategic Insights
| Market Size Value in | US$ 4,462.08 million in 2022 |
| Market Size Value by | US$ 7,176.71 million by 2028 |
| Growth rate | CAGR of 8.6% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe Hybrid and Battery-Powered Train Market
The COVID-19 outbreak negatively impacted European countries such as Germany, France, Spain, the UK, Poland, Austria, Slovenia, Bulgaria, Hungary, Romania, Greece, Serbia, and Croatia. Governments of these countries imposed stringent regulations such as travel restrictions, social distancing, and trade bans. Such stringent regulations applied by various governments of European countries had an adverse impact on the Europe hybrid and battery-powered train market. The railways witnessed a sharp drop in demand for rail transport services, leading to lower revenue generation. Hence, expansion plans were put on hold, causing Europe hybrid and battery-powered train market players to witness a significant drop in order intake.
Market Insights – Europe Hybrid and Battery-Powered Train Market
Next Generation EU and Similar Policies to Offer Growth Opportunities to Europe Hybrid and Battery-Powered Train Market in Coming Years
EU is introducing various policies to promote digitalization and the adoption of the European Green Deal. In May 2020, the European Commission proposed a Next Generation EU plan worth ~US$ 816.28 billion (EUR 750 billion) to build a green, digital, and resilient future. This plan aims to support businesses within the EU to recover from the COVID-19 pandemic-related losses by providing financial aid. Through these EU programs, the Commission will support cleaner transport and logistics and further boost rail travel and clean mobility in the region. Additionally, under the plan, the transport sector will receive an additional US$ 1.63 billion for the Connecting Europe Facility, thus, facilitating cross-border connections, such as Rail Baltica linking the Baltic States and Poland, toward other European Countries. Thus, the growing investment by the EU through the Next Generation EU plan to provide sustainable transportation will increase the demand for fuel-efficient trains, creating an opportunity for the Europe hybrid and battery-powered train market growth during the forecast period.
The report provides detailed market insights, which help the key Europe hybrid and battery-powered train market players strategize their market growth. A few developments are mentioned below:
- In December 2022, Alstom was awarded a contract worth US$ 400 million to supply 49 additional Coradia Stream high-capacity trains to Renfe in Spain. These trains will supplement the 152 trains already ordered in March 2021.
- In January 2020, Deutsche Bahn ordered 50 hybrid locomotives from Toshiba Infrastructure Systems and Solutions Corporation. Preparation of the series assembly of the locomotives started in 2021 at DB Cargo's maintenance depot in Rostock, Germany.
Europe hybrid and battery-powered train market players profiled in this report are:
- Alstom SA
- Westinghouse Air Brake Technologies Corp
- Construcciones y Auxiliar de Ferrocarriles SA
- Končar Electrical Industry Inc
- Hitachi Rail STS SpA
- Hyundai Rotem Co
- Siemens Mobility GmbH
- CRRC Corp Ltd
- Toshiba Infrastructure Systems and Solutions Corporation
- Stadler Rail AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Propulsion Type, and Charging System Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Austria, Bulgaria, Croatia, France, Germany, Greece, Hungary, Italy, Poland, Romania, Scandinavia, Serbia, Slovenia, Spain, United Kingdom
Frequently Asked Questions
The Europe hybrid and battery-powered train market is expected to register an incremental growth value of US$ 2,427.09 million during the forecast period
Hybrid segment is expected to hold a major market share of Europe hybrid and battery-powered train market in 2022
The global market size of Europe hybrid and battery-powered train market by 2028 will be around US$ 7,176.71 million
Germany is expected to hold a major market share of Europe hybrid and battery-powered train market in 2022
Slovenia, Greece, and Croatia are expected to register high growth rate during the forecast period
Alstom SA, Siemens Mobility GmbH, Stadler Rail AG, Hitachi Rail STS SpA, and CRRC Corp Ltd are the key market players expected to hold a major market share of Europe hybrid and battery-powered train market in 2022
The estimated market size for the Europe hybrid and battery-powered train market in 2022 is expected to be around US$ 4,462.08 million
Increasing Demand for Hydrogen-Powered Trains
1. Rise in Demand for Energy-Efficient Transportation
2. Increase in Initiatives to Support Adoption of Train Travel
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Hybrid and Battery-Powered Train Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Hybrid and Battery-Powered Train Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Energy-Efficient Transportation
5.1.2 Increase in Initiatives to Support Adoption of Train Travel
5.2 Market Restraints
5.2.1 High Purchase Cost of Hydrogen and Battery-Powered Trains
5.3 Market Opportunities
5.3.1 Next Generation EU and Similar Policies Offer Growth Opportunities
5.4 Future Trends
5.4.1 Increasing Demand for Hydrogen-Powered Trains
5.5 Impact Analysis of Drivers and Restraints
6. Hybrid and Battery-Powered Train Market – Europe Analysis
6.1 Europe: Hybrid and Battery-Powered Train Market
6.1.1 Europe: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
6.2 Market Positioning- Top Five Players
7. Europe Hybrid and Battery-Powered Train Market Analysis – by Propulsion Type
7.1 Overview
7.2 Europe Hybrid and Battery-Powered Train Market, by Propulsion Type (2022 and 2028)
7.3 Hybrid
7.3.1 Overview
7.3.2 Hybrid: Europe Hybrid and Battery-Powered Train Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Battery-Powered
7.4.1 Overview
7.4.2 Battery-Powered: Europe Hybrid and Battery-Powered Train Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Fuel Cell
7.5.1 Overview
7.5.2 Fuel Cell: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Hybrid and Battery-Powered Train Market Analysis – by Charging System Type
8.1 Overview
8.2 Europe Hybrid and Battery-Powered Train Market, by Charging System Type (2022 and 2028)
8.3 Pantograph
8.3.1 Overview
8.3.2 Pantograph: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Auxiliary Diesel Engine
8.4.1 Overview
8.4.2 Auxiliary Diesel Engine: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Dock-In
8.5.1 Overview
8.5.2 Dock-In: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Hybrid and Battery-Powered Train Market – Country Analysis
9.1 Germany: Hybrid and Battery-Powered Train Market
9.1.1 Germany: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.1.2 Germany: Hybrid and Battery-Powered Train Market, by Charging System Type
9.2 France: Hybrid and Battery-Powered Train Market
9.2.1 France: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.2.2 France: Hybrid and Battery-Powered Train Market, by Charging System Type
9.3 Italy: Hybrid and Battery-Powered Train Market
9.3.1 Italy: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.3.2 Italy: Hybrid and Battery-Powered Train Market, by Charging System Type
9.4 Spain: Hybrid and Battery-Powered Train Market
9.4.1 Spain: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.4.2 Spain: Hybrid and Battery-Powered Train Market, by Charging System Type
9.5 UK: Hybrid and Battery-Powered Train Market
9.5.1 UK: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.5.2 UK: Hybrid and Battery-Powered Train Market, by Charging System Type
9.6 Poland: Hybrid and Battery-Powered Train Market
9.6.1 Poland: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.6.2 Poland: Hybrid and Battery-Powered Train Market, by Charging System Type
9.7 Austria: Hybrid and Battery-Powered Train Market
9.7.1 Austria: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.7.2 Austria: Hybrid and Battery-Powered Train Market, by Charging System Type
9.8 Slovenia: Hybrid and Battery-Powered Train Market
9.8.1 Slovenia: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.8.2 Slovenia: Hybrid and Battery-Powered Train Market, by Charging System Type
9.9 Bulgaria: Hybrid and Battery-Powered Train Market
9.9.1 Bulgaria: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.9.2 Bulgaria: Hybrid and Battery-Powered Train Market, by Charging System Type
9.10 Hungary: Hybrid and Battery-Powered Train Market
9.10.1 Hungary: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.10.2 Hungary: Hybrid and Battery-Powered Train Market, by Charging System Type
9.11 Romania: Hybrid and Battery-Powered Train Market
9.11.1 Romania: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.11.2 Romania: Hybrid and Battery-Powered Train Market, by Charging System Type
9.12 Greece: Hybrid and Battery-Powered Train Market
9.12.1 Greece: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.12.2 Greece: Hybrid and Battery-Powered Train Market, by Charging System Type
9.13 Serbia: Hybrid and Battery-Powered Train Market
9.13.1 Serbia: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.13.2 Serbia: Hybrid and Battery-Powered Train Market, by Charging System Type
9.14 Scandinavia: Hybrid and Battery-Powered Train Market
9.14.1 Scandinavia: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.14.2 Scandinavia: Hybrid and Battery-Powered Train Market, by Charging System Type
9.15 Croatia: Hybrid and Battery-Powered Train Market
9.15.1 Croatia: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.15.2 Croatia: Hybrid and Battery-Powered Train Market, by Charging System Type
9.16 Rest of Europe: Hybrid and Battery-Powered Train Market
9.16.1 Rest of Europe: Hybrid and Battery-Powered Train Market, by Propulsion Type
9.16.2 Rest of Europe: Hybrid and Battery-Powered Train Market, by Charging System Type
10. Hybrid and Battery-Powered Train Market- COVID-19 Impact Analysis
10.1 Europe
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Alstom SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Westinghouse Air Brake Technologies Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Construcciones y Auxiliar de Ferrocarriles SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hyundai Rotem Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Siemens Mobility GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 CRRC Corp Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Toshiba Infrastructure Systems and Solutions Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Stadler Rail AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 KON?AR Electronics and Informatics Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 HITACHI RAIL STS SPA
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Italy: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Spain: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Spain: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Poland: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Poland: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Austria: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Austria: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Slovenia: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Slovenia: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Bulgaria: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Bulgaria: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Hungary: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Hungary: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Romania: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Romania: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Greece: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Greece: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Serbia: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Serbia: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Scandinavia: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Scandinavia: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Croatia: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Croatia: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe: Hybrid and Battery-Powered Train Market, by Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Hybrid and Battery-Powered Train Market, by Charging System Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Glossary of Term: Hybrid and Battery-Powered Train Market
LIST OF FIGURES
Figure 1. Hybrid and Battery-Powered Train Market Segmentation
Figure 2. Hybrid and Battery-Powered Train Market Segmentation – By Country
Figure 3. Hybrid and Battery-Powered Train Market Overview
Figure 4. Hybrid Segment Dominate the Market by Propulsion Type
Figure 5. Auxiliary Diesel Engine Segment Dominate the Market by Charging System Type
Figure 7. Europe PEST Analysis
Figure 8. Hybrid and Battery-Powered Train Market, Ecosystem
Figure 9. Hybrid and Battery-Powered Train Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Hybrid and Battery-Powered Train Market Revenue Share, by Propulsion Type (2022 and 2028)
Figure 13. Hybrid: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Battery-Powered: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Fuel Cell: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Hybrid and Battery-Powered Train Market Revenue Share, by Charging System Type (2022 and 2028)
Figure 17. Pantograph: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Auxiliary Diesel Engine: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Dock-In: Europe Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Germany: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. France: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Italy: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Spain: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. UK: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Poland: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Austria: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Slovenia: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Bulgaria: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Hungary: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Romania: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Greece: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Serbia: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Scandinavia: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Croatia: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Europe: Hybrid and Battery-Powered Train Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in European Markets
The List of Companies - Europe Hybrid and Battery-Powered Train Market
- Alstom SA
- Westinghouse Air Brake Technologies Corp
- Construcciones y Auxiliar de Ferrocarriles SA
- Kon?ar Electrical Industry Inc
- Hitachi Rail STS SpA
- Hyundai Rotem Co
- Siemens Mobility GmbH
- CRRC Corp Ltd
- Toshiba Infrastructure Systems and Solutions Corporation
- Stadler Rail AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Distribution Channel (OEM and Aftermarket), Product (Single Plate Clutches, Multi-Plate Clutches, Diaphragm Spring Clutches, Centrifugal Clutches, and Hydraulic Clutches), Vehicle Type (Bus, Truck, Construction Equipment, and Tractors), and Geography
May 2023
Electric Vehicle Heat Pump Systems Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Propulsion Type (BEV, HEV, PHEV), Component (Evaporator, Condenser, Compressors, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Geography
May 2023
Hydrogen Fuel Cell Train Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others), Component (Hydrogen Fuel Cell Pack, Batteries, Electric Traction Motors, and Others), Rail Type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, and Others) and Geography
May 2023
Automotive Seat Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Heated, Heated-Ventilated, Ventilated, With Massage Functions, and Others), Adjustment Type (Electrically Adjusted and Manual), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Seat Type (Front Row, Second Row, and Third Row) and Geography
May 2023
Connected Vehicle Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Technology (5G, 4G/LTE, 3G & 2G), Connectivity (Integrated, Tethered, Embedded), Application (Telematics, Infotainment, Driving assistance, Others) and Geography
May 2023
Automotive High Voltage Cable Market
Forecast to 2030 - Global Analysis by Vehicle Type [Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), and Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
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