Hyperloop Train a Revolution in Transportation Sector

Transportation constitutes for a substantial chunk of daily lives of all individuals and while the aviation industry is catering to the demands for long distance travel, it still is not cost efficient for a large volume of populations. Back in 2013, entrepreneur Elon Musk had pitched the concept of hyperloop and in the past half a decade, the prototypes have passed the tests to become a reality in the near future. Hyperloops are sealed tubes that supports a pod that can travel free from air resistance and achieve exceptionally greater speeds of up to 760 miles per hour. Apart from Elon Musk’s Boring Company, Virgin Hyperloop is ahead of the curve too, having signed the contract of connecting two metropolitan cities in India.

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In addition to phenomenal speeds that can radically reduce the travel time, installation of hyperloop systems are cost effective and a number of investors are pouring in finances to harness the concept. According to a recent business intelligence study by TMR Research, the demand in the global hyperloop train will increment at an impressive compound annual growth rate (CAGR) during the forecast period of 2017 to 2025.

The report, titled “Hyperloop Train Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” provides in-depth analysis of all factors that will augment or curtail the demand, bifurcates it into smaller segments, gauges the magnitude of demand that will be forthcoming from various countries and regions, and profiles the companies that are currently pioneering this niche field of the overall transportation sector.

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Based on components, the hyperloop train market can be segmented into magnetic levitation, air bearings, high speed wheels, and others. Some of the key companies presently leading the innovation in is field are Hyperloop Transportation Technologies, Virgin Hyperloop One, DGWHyperloop, TransPod, Arrivo, Hyper Chariot, and Hardt Global Mobility.

Hyperloop Train Market – Promising Demand of Players during 2017 – 2025

Global Hyperloop Train Market: Snapshot

The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market. The demand is expected to be highest in emerging economies with massive rise in population and a worrying decline in space to accommodate the mounting population, required modes of transport, and need for effective transport technologies that are quick and cheap.

The market is expected to witness the most promising demand for passenger transport over the next few years. As passenger transport of massive scales can bring about several benefits to an economy, such as the reduced number of personal vehicles on the roads and reduced levels of pollution and the provision of economical transport option for the larger low-income population, governments across the globe are focusing on developments in this area.

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While hyperloop trains are comparable to speed in transport options such as bullet trains and airplanes, their cost is comparatively very low, a factor which could make hyperloop trains more popular among consumers. The confluence of low cost and lighting fast-speeds could make hyperloop trains one of the future generations’ most preferred transport option and could change the face of the transportation sector.

Global Hyperloop Train Market: Overview

With rapid urbanization across the world, the need for quick and yet efficient modes of transportation is escalating. The concept of hyperloop train may be the answer to the increasing travel demands, as it promises to achieve speeds up to 800-mile-per-hour via transportation tube concept which was first introduced in 2013. Hyperloop Transportation Technologies has been developing this concept for past few years and the stocks of Elon Musk’s hyperloop high-speed transportation system are now available in AECOM. Due to never ending demand for transportation and travel across developed as well as emerging economies, several investors are coming forward with their financial might to make the concept of hyperloop train a reality in near future. Consequently, the global market for hyperloop train is expected to expand at a rapid rate during the forecast period of 2017 to 2025. 

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Global Hyperloop Train Market: Key Trends

Support from several governments is the primary driving factor of this market. For instance, Slovakia has recently sealed an agreement with Hyperloop Transportation Technologies to build the concept in Europe, connecting the Vienna in Austria and Budapest in Hungary with the capital city of Bratislava. If everything falls into place, the travel to Vienna to Bratislava would only take 8 minutes while Budapest to Bratislava can be covered in 10 minutes. In a car, these two journeys currently consume an hour and two hours respectively. This significant time-saving is expected to encourage several other European countries to invest in the concept of hyperloop train and thereby augmenting the demand in the market for the same.

Along the same lines, the state of California in the United States is in process of permitting a five-mile test track in Quay Valley, with construction expected to begin sometime in 2017. Conversely, the concept of hyperloop train is yet to see the day of light, and its business model has not been completely realized. Moreover, the high cost associated with the construction is hindering the global hyperloop market from realizing its potential at the earliest. 

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Global Hyperloop Train Market: Market Potential

Though Hyperloop Transportation Technologies is yet to open for traditional funding, CEO and founder Dirk Ahlborn has revealed that more than 600 institutional investors are willing to provide financial support. With donations worth more than US$600 mn in the form of wind chambers, land assets, and other engineering tools, hyperloop train market is expanding its horizons, also gaining support from several governments in Asia Pacific and the Middle East. According to Ahlborn, first few passengers to travel via hyperloop test train would be in 2018 or 2019 in the U.S. 

Global Hyperloop Train Market: Regional Outlook

Owing to substantial finances required for the realization of the concept, the market for hyperloop train currently has most of the demand coming from the developed regions of North America and Europe, although 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. Co-founder and COO of Hyperloop Transportation Technologies, Bibop Gresta, says that six more countries in Middle East and Asia are ready to announce the adoption of the hyperloop train market in the next few months. 

Global Hyperloop Train Market: Competitive Landscape

Hyperloop Transportation Technologies is currently the only company working on the concept, although given its usefulness, several other technology and construction companies are expected to jump on the bandwagon during the forecast period.

Hyperloop One Gearing to Test Airlocks for Pod Entry and Exit

Hyperloop One is geared to take up new challenges after celebrating record achievements with regards to its Phase 2 tests on the Nevada DevLoop track.

Considering achievement Hyperloop One showcased in the recent past, media worldwide was curious to know about the company’s plans in the forthcoming years. Media is interested to know about future technical testing and the company’s plan from a business perspective alike. As per reports, the company is planning its next step for the testing facility, besides incrementally increasing the speed until it reaches the top attainable velocity of 250 mph on the current test track, which has a length of 1620 feet. Hyperloop Obe is also focusing on building an advanced airlock system, which will allow loading of cargo and passengers to be loaded on to.

Identified Airlock to be Next Big Step for HyperloopOne

In a recent interview, the company’s CEO Rob Lloyd expressed their plans of beginning to install airlock technologies to have an entry as well as an exit way of loading pods, which will then communicate information to station design and others parts of the system. So Lloyd identified airlock as the next big step by Hyperloop One, besides indicating the plans of further developing a few of the core techs.

Furthermore, the technical testing could cover a DevLoop test track extension. However, Lloyd also said that he was unsure if Hyperloop One will focus on ending construction of the extension. According to the team, an additional 2,000 meters of track is required for the pod to reach the max theoretical speed of 700 mph.

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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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