Global Hydrogen Fuel Cell Train Market Growth (Status and Outlook) 2024-2030

Global Hydrogen Fuel Cell Train Market Growth (Status and Outlook) 2024-2030

According to this study, the global Hydrogen Fuel Cell Train market size will reach US$ million by 2030.

A hydrogen fuel cell is a power generation device that directly converts the chemical energy of hydrogen and oxygen into electrical energy. The basic principle is the reverse reaction of electrolyzed water, which supplies hydrogen and oxygen to the anode and cathode respectively. After hydrogen diffuses out through the anode and reacts with the electrolyte, electrons are released to the cathode through an external load. Hydrogen fuel cell trains are trains that use hydrogen fuel cells as power. On the basis of maintaining train performance, they are more environmentally friendly and energy-saving.

According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen Fuel Cell Train market by product type, application, key players and key regions and countries.

Segmentation by product type:
Proton Exchange Membrane
Phosphoric Acid Fuel Cell
Others

Segmentation by Application:
Passenger Train
Freight Train

This report also splits the market by region:
United States
China
Europe
Other regions:
Japan
South Korea
Southeast Asia
Rest of world

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Honda
Toyota
Hyundai
Daimler
Audi
BMW
Volvo
Ballard Power Systems
General Motors

Please note: The report will take approximately 2 business days to prepare and deliver.