Hybrid train market predicted to reach $32B by 2030, driven by demand for diesel-electric locomotives and their benefits.
Hybrid trains, using alternate fuels and energy storage systems, are predicted to reach a $32 billion market by 2030, growing at a 6.8% CAGR. Demand for diesel-electric locomotives, with benefits like less maintenance, high efficiency, and sustainability, is driving market growth. Hybrid trains' advantages, such as reliability and environmental friendliness, also contribute to their popularity.
March 07, 2024
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