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Global Hydrogen Fuel Cell Trains Industry Report 2024: Fuel Cell Train Deployments Underway in Over 30 Countries

DUBLIN, March 20, 2024 -- The "Global Market for Hydrogen Fuel Cell Trains, 2024" report has been added to's offering.

The study highlights the significance of transition of trains and locomotives to the use of hydrogen as a fuel. The study provides market forecasts and revenue projections for the major world regions through 2038. The study discusses locomotive-maker strategies and provides their in-depth profiles. This is one of the most comprehensive and timely studies on hydrogen fuel cell locomotives.

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.

Competitive Landscape

 Train Manufacturers

  • Alstom
  • CRRC Corporation Limited
  • Hitachi Ltd.
  • Siemens AG

Other Key Manufacturers

  • CAF
  • Engie
  • Hyundai Corporation
  • JR Central
  • Progress Rail
  • Stadler Rail AG
  • Talgo
  • The PESA Group
  • Wabtec Corporation

Locomotive Operators

  • Deutsche Bahn
  • East Japan Railway Company
  • BNSF Railway Company

Fuel Cell Manufacturers

  • Ballard Power Systems
  • Cummins, Inc.

Other Key Players

  • IHI Corporation
  • Kawasaki Heavy Industries
  • Toyota Motor Corporation

Key Topics Covered:

1. Summary and Scope
1.1 Executive Summary
1.2 Scope of the Study
1.3 Abbreviations & Acronym
1.4 Major Currencies

2.0 Overview
2.1 Overview
2.2 Trains & Locomotives
2.3 Single-Unit vs. Multi-Unit Trains
2.4 Passenger & Freight Trains
2.4.1 Power and Speed
2.4.2 Lifespan
2.4.3 Cargo Sensitivity
2.4.4 Powering and Moving
2.4.5 Size and Weight
2.4.6 Transportation Demand
2.5 Trains as Mode of Transportation

3.0 Locomotives
3.1 Technology & Characteristics
3.2 Locomotive Types
3.2.1 Diesel Locomotives
3.2.2 Diesel-Electric Locomotives
3.2.3 Electric Locomotives

4.0 Hydrogen Economy Transition
4.1 Greenhouse Gas Emissions
4.2 Combating Greenhouse Gases
4.2.1 Transportation Emissions
4.2.2 Paris Climate Agreement
4.2.3 Efforts at Country-Level
4.3 Hydrogen's Challenges
4.3.1 Need for Proper Storage
4.3.2 Safety Considerations
4.3.3 Other Issues

5.0 Hydrails & Competing Technologies
5.1 Overview
5.2 How Fuel Cell Locomotives Work
5.3 Hydrogen Infrastructure for Trains
5.4 Hydrails & Battery-Electric Trains
5.5 Battery Technology Challenges

6.0 Attributes of Hydrails
6.1 Hydrails Performance
6.2 Hydrails' Energy Efficiency
6.3 Operational Characteristics
6.3.1 TCO & Maintenance
6.3.2 Range
6.3.3 Refueling/Charging Times
6.3.4 Use in Remote Areas
6.3.5 Networkwide Disruption Risk Level
6.3.6 Ease of Deployment

7.0 Cost Considerations
7.1 Locomotive Pricing
7.2 Pricing of Railcars

8.0 Hydrails' Environmental Impact and Deployments
8.1 Environmental Impact
8.2 Deployments

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