Global Market for Hydrogen Fuel Cell Trains, 2024

Global Market for Hydrogen Fuel Cell Trains, 2024

This is a comprehensive study on the hydrogen fuel cell trains market. The study, which provides 15-year market forecasts, covers both locomotives and railcars. Over 30 countries are already deploying hydrogen fuel cell trains and the market is poised to pick up rapidly.

Summary and Scope

Executive Summary

The sales of hydrogen fuel cell trains will generate a cumulative revenue of $653.6 billion over the next 15 years. During this period, the unit sales of these trains, also known as hydrails, will grow at a CAGR of over 100 percent.

A locomotive's normal lifespan is 30 years, but with proper maintenance, it can exceed 40 years. This means that when investing in a locomotive, one has to carefully weigh the pros and cons.

The train vendor currently spearheading the market is Alstom, but several other train manufacturers are making waves in the market. The market will dramatically expand as more players enter the market.

Over 30 countries are in various stages of deploying fuel cell trains, most of them in Europe. But over the next 15 years, Asia-Pacific will overtake Europe in both terms of unit sales and revenue.

Because of its high energy density by weight, hydrogen is ideally suited for heavy-duty trains. Currently, battery-electric trains are less expensive than hydrails. But for heavy-duty applications, hydrogen is a much better solution than batteries because batteries are poor energy storage devices.

Scope of the Study

This is a comprehensive study on the global market for hydrogen trains, also known as hydrails. Information Trends defines a train as a collection of railcars and locomotives that are linked together to transport goods or passengers. A hydrail is a train that uses hydrogen as its power source. In terms of application, the market is segmented into passenger train and freight train.

The study highlights the strategies being adopted by key players to maintain their position in each of the market segments. It analyzes the competitive landscape as each of the players seeks to increase its market share in a rapidly emerging market.

The study report gives detailed forecasts for sales and revenue through the year 2038. It provides an analysis of growth drivers, restraints, and opportunities stemming from the dynamics of the hydrail market.

The comprehensive study examines virtually every facet of the hydrail market. The information-rich study has over 90 charts.