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BANGALORE, India, March 10, 2021 /PRNewswire/ — Hybrid Train Market is Segmented by Propulsion Type (Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, and Solar Powered), Application (Passenger and Freight), and Operating Speed (Less than 100 km/hr, 100-200 km/hr, and More than 200 km/hr): Global Opportunity Analysis and Industry Forecast, 2020–2027. This report is published on Valuates Reports in the Energy & Utilities Category.

The global hybrid train market size was valued at USD 16.2 Billion in 2019 and is projected to reach USD 23.9 Billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. 

Major factors driving the growth of hybrid train market size are high gas prices, traffic congestion, and the rising need to curb greenhouse gas emissions. 

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TRENDS INFLUENCING THE HYBRID TRAIN MARKET SIZE 

Growing demand for energy-efficient and less polluting train operations is expected to drive the growth of hybrid train market size. Governments in many countries are enforcing stricter emission standards, forcing train manufacturers to develop trains that are less polluting.

The cost-efficiency of the hybrid train is expected to increase the growth of the hybrid train market size. Several freight companies have shown interest in hybrid trains in order to reduce running costs by eliminating fuel and maintenance costs. In the freight sector, the total cost of ownership (TCO) has a major impact on profit margins. When traveling long distances with traditional diesel trains, fuel costs are high. The use of electrified, fuel cell, CNG, and LNG hybrid trains, on the other hand, reduces these costs.

With the rising population, the existing rail transportation infrastructure in urban areas is proving inadequate. Hence, the Hybrid train market size is expected to as existing rail infrastructure networks expand.

However, the recent COVID-19 pandemic is expected to have a severe impact on the hybrid train market. OEMs had to wait for the lockdowns to be removed before they could restart production, which is expected to negatively impact the Hybrid train market size. However, the market is expected to recover later this year or in the first quarter of 2021.

View Full Report Before Purchase:  https://reports.valuates.com/market-reports/ALLI-Manu-2C50/hybrid-train

HYBRID TRAIN MARKET SHARE ANALYSIS

By propulsion type, the Electro-Diesel segment is projected as the most lucrative segment in the hybrid train market. In addition, electro-diesel locomotives offer benefits, including reliability, sustainability, reduction of emissions of harmful substances, and others. These features are expected to increase the demand for an electro-diesel hybrid train in the coming years.

Due to an increase in demand for electro-diesel trains, which typically have an operating speed of 100-200 km/hr, the 100-200 km/hr segment held the largest market share in 2019. 

On the basis of application, the passenger segment dominated the global market in 2019, taking into account the increasing importance of hybrid trains and the reduction of road traffic and pollution. In addition, increased demand for safe travel, reliability, connectivity, and rising urbanization are key factors driving the growth of the hybrid passenger train market in the coming years.

In terms of sales, Europe led the hybrid train market in 2019, and this dominance is expected to continue during the forecast era. This is due to the increased adoption of hybrid trains in the area by economies such as Germany, France, Spain, and the United Kingdom. Furthermore, as urbanization and rail infrastructure construction activities increase in European countries, demand for hybrid trains grows, propelling the growth of hybrid train market size.

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Key Market Segments

By Propulsion Type

• Electro-Diesel
• Battery Operated
• Hydrogen Powered
• Gas Powered
• Solar Powered

By Application

• Passenger
• Freight

By Operating Speed

• Less than 100 km/hr
• 100-200 km/hr
• More than 200 km/hr

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Saudi Arabia
• South Africa
• Rest of LAMEA

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Key Companies

• Wabtec Corporation
• Toshiba Corporation
• Stadler Rail AG
• Siemens AG
• Kawasaki Heavy Industries Ltd
• Hyundai Rotem Company
• China Railway Rolling Stock Corporation
• Bombardier
• Ballard Power Systems Inc.
• Alstom SA

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SIMILAR REPORTS : 

–  Automotive Drive Train System Market is segmented By Product Type – Rear-Wheel Drivetrains, Front-Wheel Drivetrains, Application – Electric Vehicle, Hybrid Vehicle, Fuel Cell Vehicle, by key players , by Regions – North America, Europe, China and Japan, etc.

–  Global Bullet High-Speed Train Market by Product-Type – Wheel on Rail, Maglev, Application – Passenger Transport, Freight Transport, by key players , by Regions – North America, Europe, China and Japan, etc.

–  Track Renewal Train Market Product Type – Rails Renewal, Sleepers Renewal, Application: Heavy Rail, Urban Rail, by key players , by Regions: North America, Europe, China and Japan, etc.

–  The Global Autonomous Train Component Market is expected to grow from USD 1,015.04 Million in 2019 to USD 1,815.91 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 10.17%.

–  Train Door Systems Market by Product Type – External Door, Internal Door, Toilet Door, Cabinet Door of Operator, Cab Door, Application – Regular Train, High-Speed Rail, by key players , by Regions – North America, Europe, China and Japan, etc.

–  The global Train Communication Gateways Systems market size is projected to reach USD 425.5 million by 2026, from USD 93 million in 2019, at a CAGR of 24.3% during 2021-2026.

–  The global Train Seat market size is projected to reach USD 897.2 Million by 2026, from USD 836.2 Million in 2019, at a CAGR of 1.0% during 2021-2026.

–  Solar Powered Train Technology Market by Product Type – Full Solar Powered Train, Non-full Solar Powered Train, Application – Passenger Train, Freight Train, by key players , by Regions – North America, Europe, China and Japan, etc.

–  Train Doors Market BY Product Type – External Door, Internal Door, Toilet Door, Cabinet Door Of Operator, Cab Door, Application – Regular Train, High-Speed Rail, Subway, by key players , by Regions – North America, Europe, China and Japan, etc.

–  High Speed Train Signaling System Market by Product-Type: Automatic Train Supervision System, Automatic Train Protection System, Automatic Train Operation System, Application: Average Speed at Least 150km/h Train, Average Speed at Least 200km/h Train, Average Speed at Least 250km/h Train, Others, by key players , by Regions: North America, Europe, China and Japan, etc.

Click Here To See Related Reports On Hybrid Train Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Valuates Reports
sales@valuates.com
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BANGALORE, India, March 10, 2021 /PRNewswire/ — Hybrid Train Market is Segmented by Propulsion Type (Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, and Solar Powered), Application (Passenger and Freight), and Operating Speed (Less than 100 km/hr, 100-200 km/hr, and More than 200 km/hr): Global Opportunity Analysis and Industry Forecast, 2020–2027. This report is published on Valuates Reports in the Energy & Utilities Category.

The global hybrid train market size was valued at USD 16.2 Billion in 2019 and is projected to reach USD 23.9 Billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. 

Major factors driving the growth of hybrid train market size are high gas prices, traffic congestion, and the rising need to curb greenhouse gas emissions. 

Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Manu-2C50/Hybrid_Train_Market

TRENDS INFLUENCING THE HYBRID TRAIN MARKET SIZE 

Growing demand for energy-efficient and less polluting train operations is expected to drive the growth of hybrid train market size. Governments in many countries are enforcing stricter emission standards, forcing train manufacturers to develop trains that are less polluting.

The cost-efficiency of the hybrid train is expected to increase the growth of the hybrid train market size. Several freight companies have shown interest in hybrid trains in order to reduce running costs by eliminating fuel and maintenance costs. In the freight sector, the total cost of ownership (TCO) has a major impact on profit margins. When traveling long distances with traditional diesel trains, fuel costs are high. The use of electrified, fuel cell, CNG, and LNG hybrid trains, on the other hand, reduces these costs.

With the rising population, the existing rail transportation infrastructure in urban areas is proving inadequate. Hence, the Hybrid train market size is expected to as existing rail infrastructure networks expand.

However, the recent COVID-19 pandemic is expected to have a severe impact on the hybrid train market. OEMs had to wait for the lockdowns to be removed before they could restart production, which is expected to negatively impact the Hybrid train market size. However, the market is expected to recover later this year or in the first quarter of 2021.

View Full Report Before Purchase:  https://reports.valuates.com/market-reports/ALLI-Manu-2C50/hybrid-train

HYBRID TRAIN MARKET SHARE ANALYSIS

By propulsion type, the Electro-Diesel segment is projected as the most lucrative segment in the hybrid train market. In addition, electro-diesel locomotives offer benefits, including reliability, sustainability, reduction of emissions of harmful substances, and others. These features are expected to increase the demand for an electro-diesel hybrid train in the coming years.

Due to an increase in demand for electro-diesel trains, which typically have an operating speed of 100-200 km/hr, the 100-200 km/hr segment held the largest market share in 2019. 

On the basis of application, the passenger segment dominated the global market in 2019, taking into account the increasing importance of hybrid trains and the reduction of road traffic and pollution. In addition, increased demand for safe travel, reliability, connectivity, and rising urbanization are key factors driving the growth of the hybrid passenger train market in the coming years.

In terms of sales, Europe led the hybrid train market in 2019, and this dominance is expected to continue during the forecast era. This is due to the increased adoption of hybrid trains in the area by economies such as Germany, France, Spain, and the United Kingdom. Furthermore, as urbanization and rail infrastructure construction activities increase in European countries, demand for hybrid trains grows, propelling the growth of hybrid train market size.

Inquire For Regional Reports: https://reports.valuates.com/request/regional/ALLI-Manu-2C50/Hybrid_Train_Market

Key Market Segments

By Propulsion Type

• Electro-Diesel
• Battery Operated
• Hydrogen Powered
• Gas Powered
• Solar Powered

By Application

• Passenger
• Freight

By Operating Speed

• Less than 100 km/hr
• 100-200 km/hr
• More than 200 km/hr

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Saudi Arabia
• South Africa
• Rest of LAMEA

Inquire For Customization: https://reports.valuates.com/request/customisation/ALLI-Manu-2C50/Hybrid_Train_Market

Key Companies

• Wabtec Corporation
• Toshiba Corporation
• Stadler Rail AG
• Siemens AG
• Kawasaki Heavy Industries Ltd
• Hyundai Rotem Company
• China Railway Rolling Stock Corporation
• Bombardier
• Ballard Power Systems Inc.
• Alstom SA

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2C50&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2C50&lic=enterprise-license

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS : 

–  Automotive Drive Train System Market is segmented By Product Type – Rear-Wheel Drivetrains, Front-Wheel Drivetrains, Application – Electric Vehicle, Hybrid Vehicle, Fuel Cell Vehicle, by key players , by Regions – North America, Europe, China and Japan, etc.

–  Global Bullet High-Speed Train Market by Product-Type – Wheel on Rail, Maglev, Application – Passenger Transport, Freight Transport, by key players , by Regions – North America, Europe, China and Japan, etc.

–  Track Renewal Train Market Product Type – Rails Renewal, Sleepers Renewal, Application: Heavy Rail, Urban Rail, by key players , by Regions: North America, Europe, China and Japan, etc.

–  The Global Autonomous Train Component Market is expected to grow from USD 1,015.04 Million in 2019 to USD 1,815.91 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 10.17%.

–  Train Door Systems Market by Product Type – External Door, Internal Door, Toilet Door, Cabinet Door of Operator, Cab Door, Application – Regular Train, High-Speed Rail, by key players , by Regions – North America, Europe, China and Japan, etc.

–  The global Train Communication Gateways Systems market size is projected to reach USD 425.5 million by 2026, from USD 93 million in 2019, at a CAGR of 24.3% during 2021-2026.

–  The global Train Seat market size is projected to reach USD 897.2 Million by 2026, from USD 836.2 Million in 2019, at a CAGR of 1.0% during 2021-2026.

–  Solar Powered Train Technology Market by Product Type – Full Solar Powered Train, Non-full Solar Powered Train, Application – Passenger Train, Freight Train, by key players , by Regions – North America, Europe, China and Japan, etc.

–  Train Doors Market BY Product Type – External Door, Internal Door, Toilet Door, Cabinet Door Of Operator, Cab Door, Application – Regular Train, High-Speed Rail, Subway, by key players , by Regions – North America, Europe, China and Japan, etc.

–  High Speed Train Signaling System Market by Product-Type: Automatic Train Supervision System, Automatic Train Protection System, Automatic Train Operation System, Application: Average Speed at Least 150km/h Train, Average Speed at Least 200km/h Train, Average Speed at Least 250km/h Train, Others, by key players , by Regions: North America, Europe, China and Japan, etc.

Click Here To See Related Reports On Hybrid Train Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  1-(315)-215-3225
or IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com 
Twitter – https://twitter.com/valuatesreports 
Linkedin – https://in.linkedin.com/company/valuatesreports 
Facebook – https://www.facebook.com/valuatesreports  

 

View original content:http://www.prnewswire.com/news-releases/hybrid-train-market-size-will-reach-usd-23-9-billion-by-2027-at-a-cagr-of-6-6—valuates-reports-301244476.html

SOURCE Valuates Reports

ORANGE COUNTY, Calif., March 10, 2021 /PRNewswire/ — EV Experts, LLC., announced a new venture providing electric vehicle charging solutions to commercial and government agency clients in an increasingly expanding market sector. The government is providing attractive policies and incentives to drive the adoption of EVs. Their investment in infrastructure construction favorable to a sustainable environment has allowed the EV space to grow double digits year after year and the global electric vehicle market is projected to reach 100 billion USD by 2027.

Along with government agencies, EV Experts provides EV solutions to the real estate industry including property owners, developers, builders, property management firms as well as fleet owners and others.

The EV Experts team will provide design, engineering, installation, and commissioning services. Additionally, the company will deliver a consultancy service unit aimed at public agencies given the sustainability goals of the State of California are becoming increasingly ambitious.

“We are in a rapidly growing market with a great deal of opportunity. EV Experts has the ability to make a lasting impact on client sustainability goals and help preserve the environment.” – Ian Sanchez, Managing Partner at EV Experts.

EV Experts also announces a partnership with DUEx, a dry utility consulting company that works closely with utility agencies and private commercial clients.

About EV Experts, LLC.

EV Experts is an Orange County-based company that provides electric vehicles charging station solutions including design, engineering, installation, and commissioning. These services are geared toward landowners, builders, developers, public agencies, and other groups in the commercial and government space. EV Experts, LLC., brings a bold vision to the innovative industry and is distinguished by its experienced team.

Let us guide you in the rapidly changing environment of EV charging, visit www.evexperts.com for more information.

Contact: 
Eileen Camacho
info@evexperts.com  
714-660-0129

View original content to download multimedia:http://www.prnewswire.com/news-releases/ev-experts-makes-a-splash-in-the-electric-vehicle-market-301244103.html

SOURCE EV Experts

READING, Pa., March 10, 2021 /PRNewswire/ — Penske Truck Rental has selected Avaamo‘s voice-driven Intelligent Virtual Assistant (IVA) for its phone-based truck rental central reservations call center. The goal is to further enhance Penske’s truck rental reservation process by phone and drive efficiencies in its call center operations.

The IVA relies on Avaamo’s Conversational IVR technology to automate and streamline the truck rental reservation process, enabling Penske’s customers to easily confirm, change, or inquire about existing reservations through proactive and personalized voice calls.

To automate and simplify the reservation process for Penske’s truck rental customers, Avaamo has deployed “Erica,” an IVA that onboards new customers in just a few steps and enables existing Penske customers to confirm or modify their rental reservations using the virtual assistant.

For existing truck rental reservations, the IVA identifies the caller by their phone number to anticipate their request and proactively addresses their issues, saving the caller both time and effort. By maintaining context based on these customers’ histories, the IVA avoids repetitive questions while also resolving the customers’ issues in the quickest possible manner, drastically reducing call times. It ensures faster and easier truck rental reservations by checking whether a user’s selection falls within working hours and communicating available slots to the customer. For customers needing additional assistance, a live Penske representative is also available.

“We first deployed the conversational AI system about five months ago and it has been performing well. We are impressed by the simplified phone experience it delivers for our rental customers,” said Mike Krut, Senior Vice President of Information Technology at Penske Truck Leasing. “We are also seeing positive improvements related to the call center’s overall performance.”

Avaamo co-founder and CEO Ram Menon said, “We began collaborating with Penske in early 2019 and are delighted with our success so far. Our conversational IVR technology enables callers to speak naturally, as they would with a human agent. It empowers enterprises to provide better experiences to their stakeholders by automating business processes and eliminating live agent handoffs – a crucial requirement to maintain business continuity in this era of social distancing and remote work.”

With one of the newest and among the largest rental truck fleets, Penske Truck Rental provides businesses with sleeper and day cab semi-tractors, straight trucks, flatbeds, refrigerated vans, trailers and more. Penske rents the top brands of light-duty, medium-duty and heavy-duty commercial vehicles including: Ford, GMC, Hino, Isuzu, Freightliner, International and Volvo. Penske also offers do-it-yourself movers well-maintained rental trucks as well as moving equipment, packing supplies, and accessories. Call 1-800-GO-PENSKE or visit www.pensketruckrental.com to rent a truck. Penske Truck Rental is a unit of Penske Truck Leasing.

About Penske Truck Leasing

Penske Truck Leasing is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. A leading global transportation services provider, Penske Truck Leasing operates approximately 330,000 vehicles and serves customers from more than 1,100 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit www.pensketruckleasing.com to learn more.

About Avaamo

Avaamo is an omni-channel conversational AI platform that allows global enterprises to deliver exceptional experiences to customers, employees, and partners. Avaamo’s patented artificial intelligence technology across a broad area of neural networks, speech synthesis, and deep learning, automates conversations in large enterprises including healthcare, telecom, financial services, education, retail, insurance, and many more industries. It also automates vertical specific interactions for HR, IT service desk, supply chain, and more. Avaamo automates billions of interactions annually, in over 30 languages, and integrates with 150 of the most common business applications used in the enterprise today. www.avaamo.ai

 

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SOURCE Penske Truck Leasing