Global Hyperloop Technology Market by System Type, Carriage Type and Geography - Growth, Trends and Forecasts (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 12, 2018--The “Global Hyperloop Technology Market Size - Segmentation by System Type (Capsule, Tube, Propulsion System), Carriage Type (Passenger, Cargo/Freight), and by Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Global Hyperloop Technology Market is expected to grow at fast rate over the forecast period.Increase in demand for faster transportation mode has driven the hyperloop technology market growth. Moreover, low cost of the transportation technology as compared to other transportation modes like road, water, and rail, and its energy-efficient & environment-friendly nature fuel the growth of the market.The possibility of technical glitches and the shortage of power restrain the market growth. Also, terrain and other natural disasters may act as a major restraint for this market. In addition to this, it is seen that the online services connected with hyperloop will require connection to the pods which might affect the magnetic field within the tube further forming a major obstacle for the implementation process.
The Asia-Pacific is expected to be the primary revenue contributor to the market. Increase in Government initiatives towards exploring the possibilities of developing the hyperloop transportation technology is expected to boost the growth opportunity of the market.Owing to significant finances required for the realization of the concept, the market for hyperloop train currently has most of the demand coming from the developed regions like North America and Europe, though the country of Middle East is also adamant of improving their infrastructure and is expected to invest financially as well as allot land for hyperloop train during the forecast period.
Major Market DevelopmentsVirgin Hyperloop One to invest INR 3,000 Crore in Pune-Mumbai Hyperloop track.Hyperloop Transportation Technologies announced signed an agreement with the Infrastructure Ministry of Ukraine to initiate the process for a planned commercial Hyperloop system.
Major PlayersHyperloop Transportation TechnologiesSpace Exploration Technologies Corp.Transpod Inc.AECOMTesla, Inc.
Key Topics Covered
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Hyperloop Technology Market Regional Analysis
7. The Future of the Hyperloop Technology Market
8. Hyperloop Technology Market Competitive Landscape
9. Hyperloop Technology Market Companies
Companies ProfiledHyperloop OneSpace Exploration Technologies Corp.Transpod Inc.AECOMTesla Inc.Uwashington HyperloopVichyper
For more information about this report visit https://www.researchandmarkets.com/research/48g4qj/global_hyperloop?w=4
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INDUSTRY KEYWORD: TRANSPORT PUBLIC TRANSPORT
SOURCE: Research and Markets
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PUB: 10/12/2018 07:54 AM/DISC: 10/12/2018 07:54 AM