Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Hydrogen Rail Vehicle Market by Type (Fuel Cell Drive, Hybrid Drive), By Application (Freight Train, Passenger Train) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Hydrogen Rail Vehicle Market by Type (Fuel Cell Drive, Hybrid Drive), By Application (Freight Train, Passenger Train) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 297328 4200 Automobile & Transportation 377 219 Pages 4.5 (31)
                                          

Market Overview:


The global hydrogen rail vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel cell and hybrid drive vehicles across different applications. In terms of type, the fuel cell drive segment is expected to hold a major share of the global hydrogen rail vehicle market during the forecast period. This can be attributed to the growing demand for fuel cell-powered vehicles across different applications. Asia Pacific is expected to be one of the fastest-growing regions in terms of market growth during the forecast period.


Global Hydrogen Rail Vehicle Industry Outlook


Product Definition:


A hydrogen rail vehicle is a train powered by hydrogen fuel cells. These trains are emissions-free and have a much longer range than battery-powered trains. Hydrogen rail vehicles are an important step in the move to sustainable transportation.


Fuel Cell Drive:


The fuel cell drive (FCD) is the electric motor used in hydrogen rail vehicles. FCDs are one of the most important components in a hydrogen rail vehicle as they provide propulsion and help to generate electricity for powering the vehicle’s systems.


Hybrid Drive:


Hybrid drive is a combination of different power sources used in transportation applications. It can be defined as the method by which an automobile uses more than one source of energy to propel the vehicle. The most common forms are electric assist and full electric drive systems, but there are many others such as hybrid propulsions systems that use steam, compressed air or even rotary blades for propulsion purposes.


Application Insights:


Passenger train was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Hydrogen rail vehicles are primarily used in long-distance passenger trains, which offer emission-free travel and reduce carbon emissions significantly. Growing demand for clean energy sources to power electric railways is expected to drive the market over the forecast period.


The freight train segment accounted for a share of 29% of global revenue in 2017 owing to its ability to transport heavy loads at high speed without emitting toxic gases as compared with diesel locomotives on account of superior efficiency and low operational cost.


Regional Analysis:


Asia Pacific is expected to be the fastest-growing market over the forecast period. The growth can be attributed to increasing investments in hydrogen infrastructure and adoption of Hydrogen Fuel Cell Electric Vehicles (HFCEVs). China, India, South Korea, Japan are some of the major countries investing in H2 fueling stations across Asia Pacific. For instance, In 2015, China completed construction of a large USD X million hydrogen filling station called Jiaxing Station that has total capacity to serve 300 buses simultaneously. Similarly North America is also expected to witness significant growth over the next eight years owing to growing demand for clean fuel vehicles such as electric and hydrogen-powered trains. Increasing government initiatives such as California Air Resources Board's Low Carbon Fuel Standard (LCFS) program are likely boost regional product demand further. Under LCFS program manufacturers have until 2025to reduce carbon emissions from diesel engines used by freight rail cars by 90%.


Europe was estimated at USD X billion in 2016.


Growth Factors:


  • Increasing demand for fuel-efficient and environment-friendly modes of transportation
  • Government initiatives and subsidies for the development of hydrogen rail vehicles
  • Growing popularity of hydrogen as a fuel source over other alternatives
  • Technological advancements that make hydrogen rail vehicles more efficient and affordable
  • Rising demand from commercial and industrial sectors

Scope Of The Report

Report Attributes

Report Details

Report Title

Hydrogen Rail Vehicle Market Research Report

By Type

Fuel Cell Drive, Hybrid Drive

By Application

Freight Train, Passenger Train

By Companies

Alstom, Ballard, Siemens, Toyota, Stadler, Poterbrook-HydroFlex, JR EAST

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

219

Number of Tables & Figures

154

Customization Available

Yes, the report can be customized as per your need.


Global Hydrogen Rail Vehicle Market Report Segments:

The global Hydrogen Rail Vehicle market is segmented on the basis of:

Types

Fuel Cell Drive, Hybrid Drive

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Freight Train, Passenger Train

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Alstom
  2. Ballard
  3. Siemens
  4. Toyota
  5. Stadler
  6. Poterbrook-HydroFlex
  7. JR EAST

Global Hydrogen Rail Vehicle Market Overview


Highlights of The Hydrogen Rail Vehicle Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Fuel Cell Drive
    2. Hybrid Drive
  1. By Application:

    1. Freight Train
    2. Passenger Train
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hydrogen Rail Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Hydrogen Rail Vehicle Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Hydrogen rail vehicle is a type of rail transportation that uses hydrogen as its fuel. Hydrogen is a clean-burning, non-polluting gas that can be used to power trains.

Some of the major players in the hydrogen rail vehicle market are Alstom, Ballard, Siemens, Toyota, Stadler, Poterbrook-HydroFlex, JR EAST.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogen Rail Vehicle Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Hydrogen Rail Vehicle Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Hydrogen Rail Vehicle Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Hydrogen Rail Vehicle Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Hydrogen Rail Vehicle Market Size & Forecast, 2018-2028       4.5.1 Hydrogen Rail Vehicle Market Size and Y-o-Y Growth       4.5.2 Hydrogen Rail Vehicle Market Absolute $ Opportunity

Chapter 5 Global Hydrogen Rail Vehicle Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Hydrogen Rail Vehicle Market Size Forecast by Type
      5.2.1 Fuel Cell Drive
      5.2.2 Hybrid Drive
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Hydrogen Rail Vehicle Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Hydrogen Rail Vehicle Market Size Forecast by Applications
      6.2.1 Freight Train
      6.2.2 Passenger Train
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Hydrogen Rail Vehicle Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Hydrogen Rail Vehicle Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Hydrogen Rail Vehicle Analysis and Forecast
   9.1 Introduction
   9.2 North America Hydrogen Rail Vehicle Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Hydrogen Rail Vehicle Market Size Forecast by Type
      9.6.1 Fuel Cell Drive
      9.6.2 Hybrid Drive
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Hydrogen Rail Vehicle Market Size Forecast by Applications
      9.10.1 Freight Train
      9.10.2 Passenger Train
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Hydrogen Rail Vehicle Analysis and Forecast
   10.1 Introduction
   10.2 Europe Hydrogen Rail Vehicle Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Hydrogen Rail Vehicle Market Size Forecast by Type
      10.6.1 Fuel Cell Drive
      10.6.2 Hybrid Drive
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Hydrogen Rail Vehicle Market Size Forecast by Applications
      10.10.1 Freight Train
      10.10.2 Passenger Train
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Hydrogen Rail Vehicle Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Hydrogen Rail Vehicle Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Hydrogen Rail Vehicle Market Size Forecast by Type
      11.6.1 Fuel Cell Drive
      11.6.2 Hybrid Drive
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Hydrogen Rail Vehicle Market Size Forecast by Applications
      11.10.1 Freight Train
      11.10.2 Passenger Train
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Hydrogen Rail Vehicle Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Hydrogen Rail Vehicle Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Hydrogen Rail Vehicle Market Size Forecast by Type
      12.6.1 Fuel Cell Drive
      12.6.2 Hybrid Drive
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Hydrogen Rail Vehicle Market Size Forecast by Applications
      12.10.1 Freight Train
      12.10.2 Passenger Train
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Hydrogen Rail Vehicle Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Hydrogen Rail Vehicle Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Hydrogen Rail Vehicle Market Size Forecast by Type
      13.6.1 Fuel Cell Drive
      13.6.2 Hybrid Drive
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Hydrogen Rail Vehicle Market Size Forecast by Applications
      13.10.1 Freight Train
      13.10.2 Passenger Train
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Hydrogen Rail Vehicle Market: Competitive Dashboard
   14.2 Global Hydrogen Rail Vehicle Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details â€“ Overview, Financials, Developments, Strategy) 
      14.3.1 Alstom
      14.3.2 Ballard
      14.3.3 Siemens
      14.3.4 Toyota
      14.3.5 Stadler
      14.3.6 Poterbrook-HydroFlex
      14.3.7 JR EAST

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