Hydrogen fuel cell train or hydrogen powered trains uses hydrogen as a power source for propulsion and auxiliary application. Research on hydrogen as a potential fuel to power zero-emission trains has been on the rise in recent years. The rail sector is working to develop technologies to tackle challenges associated with hydrogen storage infrastructure and public perceptions for safety and cost.
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The hydrogen fuel cell train market is segmented on the basis of application, technology, component, rail type, and region. By application, the market is divided into passenger train, freight train, and others. By technology, it is segmented into proton exchange membrane fuel cell, phosphoric acid fuel cell, and others. By component, it is divided into hydrogen fuel cell pack, batteries, electric traction motors, and others. By rail type, it is divided into passenger rail, commuter rail, light rail, trams, freight, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
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Key players that operate in this hydrogen fuel cell train market include Alstom, Ballard Power Systems., BNSF Railway Company, Construcciones Y Auxiliar De Ferrocarriles, S.A. (CAF), CRRC Corporation Limited, Engie, Hitachi Ltd., Hyundai Corporation, IHI Corporation, Kawasaki Heavy Industries, Ltd., PESA Group, Progress Rail (Subsidiary of Caterpillar), Siemens, Stadler Rail AG, Talgo, Toyota Motor Corporation, and Wabtec Corporation.
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Developing countries such as India and China are focused toward development of their railway infrastructure by allocating higher budget. For instance, India allocated a budget of around $15.06 billion (₹1.10 lakh crore) for railways, with total capital expenditure outlay of $30.80 billion (₹2.15 lakh crore) for the financial year 2021-2022, which highlights increase of 33% in total capital expenditure for 2021-22 over $22.4 billion (₹1.61 lakh crore) for 2020-21. Moreover, in May 2022 Indian railways awarded a contract of around $8.87 (Rs 70 crore) to Medha Servo Drives to develop hydrogen fuel cell-based technology that can be used to upgrade existing diesel-powered trains. Similarly, various countries across the globe are continuously increasing their rail budget to deploy latest technologies and improve their infrastructure. For instance, the government of UK invested over $6.28 billion (£5.3 billion) in new & enhanced rail infrastructure and rolling stock from 2019 to 2020. Investments in the railway consist of enhancements to existing rail infrastructure and private investments, largely in new rolling stock. Thus, surge in budget allocation acts as a key factor that drives growth of the global hydrogen fuel cell train market.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrogen fuel cell train market analysis from 2025 to 2035 to identify the prevailing hydrogen fuel cell train market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hydrogen fuel cell train market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hydrogen fuel cell train market trends, key players, market segments, application areas, and market growth strategies.
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