Hydrogen Fuel Cell Train Market to Reach $26.41 Billion, Globally, by 2035 at 28.2% CAGR: Allied Market Research
Rise in investments in railway infrastructure development, increase in environmental concerns, and surge in demand for public transport services drive the growth of the global hydrogen fuel cell train market.
PORTLAND, Ore., Aug. 3, 2022 -- Allied Market Research published a report, titled, "Hydrogen Fuel Cell Train Market by Application (Passenger Train, Freight Train, Others), by Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, Others), by Component (Hydrogen fuel cell Pack, Batteries, Electric traction motors, Others), by Rail type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, Others): Global Opportunity Analysis and Industry Forecast, 2025-2035". According to the report, the global hydrogen fuel cell train industry is expected to generate $2.67 billion in 2025, and is anticipated to reach $26.41 billion by 2035, witnessing a CAGR of 28.2% from 2026 to 2035.
Prime determinants of growth
Increase in investments in railway infrastructure development, surge in environmental concerns, and rise in demand for public transport services drive the growth of the global hydrogen fuel cell train market. However, high capital requirement for development of hydrogen fuel cell trains and refurbishment of existing rolling stocks are expected to hinder the growth of the industry. On the other hand, increase in R&D activities related to hydrogen fuel cell technology and increase in demand for trains for passenger transportation are expected to create enormous opportunities for the market during the forecast period.
Download Report (425 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/8171
Covid-19 Scenario
- The outbreak of the Covid-19 pandemic has negatively influenced the global train market, thereby hampering the growth of the global hydrogen fuel cell train market.
- Major rolling stock manufacturers such as Alstom and Stadler Rail AG were bound to shut down their production, owing to decline in demand, disruption in the supply chain, and shortage of skilled labor force in the U.S, France, Germangy, Spain, and other economies in 2020.
- Sudden decline in demand for passenger rail vehicles impacted the rolling stock industry. At the same time, the economic crisis led to reduction in expenditure on next generation technologies such as hydrogen trains.
- Nevertheless, the market experienced a recovery in 2021, as operations of manufacturing companies and factories resumed.
- Also, government authorities in developing nations are likely to resume metro projects and expansion of the rail network, which is going to boost the growth of the global hydrogen fuel cell train market in the post-pandemic.
The passenger train segment to maintain its leadership status throughout the forecast period
Based on application, the passenger train segment is expected to hold the highest market share in 2025, accounting for nearly two-thirds of the global hydrogen fuel cell train market, and is estimated to maintain its leadership status throughout the forecast period, owing to increase in demand for public transportation across the globe. However, the freight train segment is projected to manifest the highest CAGR of 29.3% from 2026 to 2035, owing to rise in international trade and increase in cross-border rail freight transport.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/8171
The proton exchange membrane fuel cell segment to maintain its leadership status throughout the forecast period
Based on technology, the proton exchange membrane fuel cell segment is anticipated to hold the highest market share in 2025, accounting for nearly two-fifths of the global hydrogen fuel cell train market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 29.5% from 2026 to 2035, owing to increase in use of proton exchange membrane fuel cells as energy sources in trains to reduce CHE emissions. The report also analyzes Phosphoric Acid Fuel Cell.
The hydrogen fuel cell Pack segment to maintain its lead position during the forecast period
Based on component, the hydrogen fuel cell pack segment is anticipated to hold the highest market share in 2025, accounting for more than one-thirds of the global hydrogen fuel cell train market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 29.9% from 2026 to 2035, as it provides higher efficiency and lower emissions than traditional combustion-based technologies. The report also analyzes batteries and electric traction motors.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/8171
Europe to maintain its dominance by 2031
Based on region, Europe is estimated to hold the highest market share in terms of revenue 2025, accounting for more than one-thirds of the global hydrogen fuel cell train market. Moreover, the same region is expected to witness the fastest CAGR of 30.2% from 2026 to 2035, owing to increase in government support for zero emission technology from European Union. The report also analyzes North America, Asia-Pacific, and LAMEA.
Leading Market Players: -
- Alstom
- Ballard Power Systems
- BNSF
- CAF group
- CRRC CORPORATION LIMITED
- ENGIE
- Hitachi
- HYUNDAI CORPORATION
- IHI Corporation
- KAWASAKI HEAVY INDUSTRIES, LTD.
- PESA
- PROGRESS RAIL
- Siemens Mobility
- Stadler
- Talgo
- Toyota
- Wabtec
The report mentions several strategies adopted by these key players such as new product launches, partnerships, expansion, collaborations, and mergers & acquisitions to maintain their foothold in the industry. In addition, the report is essential in determining the business performance, product portfolio, operating segments, and developments by every market player.
Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/25de9579149de8d9635e9f129fec5141
Similar Reports We Have on Hydrogen-Powered Industry:
Hydrogen Fuel Cell Vehicle Market by Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2030.
Hydrogen Powered Engine Market by Application (Passenger Vehicle and Commercial Vehicle) and Technology (Proton Membrane Exchange, Phosphoric Acid Fuel Cell and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Hydrogen Aircraft Market by Passenger Capacity (Less than 100, 101 to 200 and More Than 200), Range (Short Haul (<1,000 Km), Medium Haul (1,000-2,000 Km) and Long Haul (2,000+ Km)), Application (Passenger Aircraft and Cargo Aircraft) and Power Source (Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, Hydrogen Fuel Cell Aircraft and Liquid Hydrogen Aircraft): Global Opportunity Analysis and Industry Forecast, 2030–2040.
Hydrogen-Powered Yacht Market by Technology (Coal Gasification and Steam Methane Reforming), by Application (Methanol Production, Ammonia Production and Petroleum Refining) and by System (Merchant and Captive): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Fuel Cell Bikes Market by Frame Material (Aluminium, Steel, Carbon Fiber, Others), by Max Load (Less Than 100kg, 101kg - 125kg, More Than 125kg), by Power (Less Than 250 W, 250 W to 400 W, 401 W to 750 W, Above 751 W), by Max Speed (Less Than 50km/h, More Than 50km/h), by Range (Less Than 100km, 101km - 125km, More Than 125km), by Sales Channel (Online, Offline Stores): Global Opportunity Analysis and Industry Forecast, 2030-2040.
Hydrogen Powered Tractor Market by Installation (OEM, Retrofit), by Product (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, Others), by Application (Agriculture, Industries, Mining, Others), by Capacity (Less Than 25 tonnes, More Than 25 tonnes): Global Opportunity Analysis and Industry Forecast, 2025-2035.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn |
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research