Hyperloop market is to reach 6 bln USD by 2026

Hyperloop market is to reach 6 bln USD by 2026

November 21, 2018 0 By admin

Global Hyperloop Technology Market is estimated to account for $1,350 million in 2022.

Growing at a CAGR of 45.2% from 2023 to 2026 it is projected to reach $6 bln by 2026.

The market analysis was performed by Allied Market Research which offers end-to-end market research and analysis of various markets.

According to the research description available on the website the analysis was performed by the transportation system, carriage type and region.

By Transportation Systems the authors mean “tube, propulsion, capsule and route” which raises our doubts when it comes to full understanding of the subject.

The $6 bln seems also extremely low given that any Hyperloop project using Maglev and Linear Induction Motors would be worth billions in double digits. Only with the use of wheels it can be assumed that one project could cost less.

InTheLoop.news has requested a sample of the report to break down the specifics. We will update once we obtain it.