Hyperloop Transport Takes First Steps

Hyperloop, envisioned by Tesla and SpaceX head Elon Musk in August 2013, has finally become reality, according to Shervin Pishevar, Hyperloop One’s executive chairman. Hyperloop completed a 315-foot test run on May 12, when a wheel-mounted sled was guided through Hyperloop’s famous vacuum tube. This represents the dawn of a brand new mode of transport, something that hasn’t happened for more than a hundred years since the discovery of air travel.

The sled traveled for 5.3 seconds, a small feat in isolation but a giant step in the development of Hyperloop as a feasible transportation solution. The sled achieved acceleration of about 2G during the test run.

The Next Step Awaits

Following the highway-speed test run, Hyperloop plans to conduct high-speed testing to assess the feasibility of the technology at the speeds Musk intends to use it. Speeds of 250 mph are likely to be the next target for Hyperloop developers, as the company has built more track since the May test, making high-speed testing easier. Its Las Vegas-based ‘Devloop’ track is now 1,640 feet long.

The high-speed transportation company intends to achieve rapid growth in developed countries, where the demand for rapid intercity transport has been consistently high. The original conception of Hyperloop was as a transportation system operating at airliner speeds, making further development of the sector vital. The installations for Hyperloop systems, when completed in finality, are also expected to contain solar panels, so that the system could contribute to power generation on a fulltime basis in addition to being an intercity transport solution.

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Government Support to Expedite Hyperloop Train Projects

San Francisco, California, May 08, 2017: A new market research report by TMR Research presents a comprehensive overview of the hyperloop train market. The report is titled, “Hyperloop Train Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The report provides comprehensive insight into the key market dynamics, key trends and emerging technologies, market share of key segments, and competitive landscape.

The research analysis highlights recent major investments by leading players in building the underlying transportation infrastructure. In addition, the study evaluates the feasibility of key projects in hyperloop transportation system. The research report takes a closer look at the regulatory framework in major countries where hyperloop projects are in progress. The study also assesses the investment scenario in these countries and highlights key partnership deals. The key initiatives by various governments expected to boost the market are covered in the analysis.

Several constraints associated with the conventional modes of transportation—rail, road, water, and air—have propelled the demand for high-speed transportation technologies. The rising governmental support in various countries and the growing prominence of public-private partnership (PPP) model are the key factors driving the hyperloop train market. The expected speed of hyperloop trains can range up to 700 mph. Most of the projects are in the developmental phase across the U.S. and multiple international locations. Notably, they are being led by Hyperloop Transportation Technologies (HTT), a U.S.-based company pioneering in hyperloop train technology. One of the prominent projects under way is from San Francisco to Los Angeles. Considering the vast investments in the U.S. and proposed projects in emerging nations such as India, the regions of North America and Asia Pacific are replete with opportunities for market players.

Recent advancements in propulsion technologies used in hyperloop trains, various design innovations, and favorable regulatory regime, especially in advanced nations, are expected to catalyze market growth. A number of institutional investors and potential business owners are willing to make substantial investments supporting ongoing projects in the U.S. Recently concluded feasibility studies by HTT in various regions of UAE are expected to result in the construction of projects in these countries, thereby opening up lucrative market avenues in the coming years. The company is also in intensive talks with the Government of India, which is expected to undertake hyperloop transportation projects in various parts of the country.

Owing to substantial investment required for the completion of hyperloop projects, a large chunk of demand for hyperloop trains comes from developed nations of North America and Europe. Meanwhile, several countries of the Middle East have actively planned to refurbish their infrastructure and make their transportation faster and cleaner. A large number of private players are showing considerable investment in projects associated with hyperloop trains.

Currently, Hyperloop Transportation Technologies holds the dominant position in the market. However, given the vast prospect of hyperloop trains, more players are expected take the plunge, which will lead to the commercialization of the technology.