Global Market for Hydrogen Fuel Cell Trains, 2024

Description

List of Tables

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.

Report 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.

1.0. 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

9.0. Asia-Pacific Deployments

9.1. China
- 9.1.1. Introduction
- 9.1.2. Hydrail Deployments
9.2. Japan
- 9.2.1. Introduction
- 9.2.2. Hydrail Deployments
9.3. South Korea
- 9.3.1. Introduction
- 9.3.2. Hydrail Deployments
9.4. Other APAC Countries
- 9.4.1. Australia
- 9.4.2. India
- 9.4.3. Indonesia
- 9.4.4. Malaysia

10.0. EMEA Deployments

10.1. Austria
10.2. Belgium
10.3. Czech Republic
10.4. Denmark
10.5. Estonia
10.6. France
10.7. Germany
10.8. Italy
10.9. Latvia
10.10. Namibia
10.11. Netherlands
10.12. Norway
10.13. Poland
10.14. Romania
10.15. Russia
10.16. Slovakia
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. U.K.
10.21. Other Countries
- 10.21.1. Saudi Arabia
- 10.21.2. UAE

11.0. Americas Deployments

11.1. U.S.
11.2. Canada
11.3. Chile
11.4. Argentina

12.0. Train Manufacturers

12.1. Alstom
- 12.1.1. Introduction
- 12.1.2. Hydrail Rollouts
- 12.1.3. Train Technology & Features
- 12.1.4. Key Partnerships
- 12.1.5. Strategic Direction
12.2. CRRC Corporation Limited
- 12.2.1. Introduction
- 12.2.2. Hydrail Rollouts
- 12.2.3. Key Partnerships
- 12.2.4. Strategic Direction
12.3. Hitachi Ltd.
- 12.3.1. Introduction
- 12.3.2. Hydrail Rollouts
- 12.3.3. Key Partnerships
- 12.3.4. Strategic Direction
12.4. Siemens AG
- 12.4.1. Introduction
- 12.4.2. Hydrail Rollouts
- 12.4.3. Key Partnerships
- 12.4.4. Strategic Direction
12.5. Other Key Manufacturers
- 12.5.1. CAF
- 12.5.2. Engie
- 12.5.3. Hyundai Corporation
- 12.5.4. JR Central
- 12.5.5. Progress Rail
- 12.5.6. Stadler Rail AG
- 12.5.7. Talgo
- 12.5.8. The PESA Group
- 12.5.9. Wabtec Corporation

13.0. Locomotive Operators

13.1. Deutsche Bahn
- 13.1.1. Introduction
- 13.1.2. Hydrail Rollouts
- 13.1.3. Hydrail Rollouts
- 13.1.4. Key Partnerships
- 13.1.5. Strategic Direction
13.2. East Japan Railway Company
- 13.2.1. Introduction
- 13.2.2. Hydrail Rollouts
- 13.2.3. Key Partnerships
- 13.2.4. Strategic Direction
13.3. BNSF Railway Company
- 13.3.1. Introduction
- 13.3.2. Hydrogen Locomotives Rollouts
- 12.3.3. Key Partnerships
- 13.3.4. Strategic Direction

14.0. Fuel Cell Manufacturers

14.1. Ballard Power Systems
- 14.1.1. Introduction
- 14.1.2. Hydrogen Locomotives Rollouts
- 14.1.3. Key Partnerships
- 14.1.4. Strategic Direction
14.2. Cummins, Inc.
- 14.2.1. Introduction
- 14.2.2. Hydrogen Locomotives Rollouts
- 14.2.3. Key Partnerships
- 14.2.4. Strategic Direction

15.0. Other Key Players

15.1. IHI Corporation
15.2. Kawasaki Heavy Industries
15.3. Toyota Motor Corporation

16.0. Market Size & Forecasts

16.1. Factors Impacting Sales/Leases
16.2. Unit Sales/Leases
- 16.2.1. Hydrail Sales/Leases
- 16.2.2. Hydrail Locomotive Sales/Leases
- 16.2.3. Hydrail Railcar Sales/Leases
- 16.2.4. Passenger Hydrail Sales/Leases
- 16.2.5. Fuel Cell Passenger Locomotives Sales/Leases
- 16.2.6. Hydrail Passenger Railcar Sales/Leases
- 16.2.7. Freight Hydrail Sales/Leases
- 16.2.8. Hydrail Freight Locomotive Sales/Leases
- 16.2.9. Hydrail Freight Railcar Sales/Leases
16.3. Revenue
- 16.3.1. Global Cumulative Revenue
- 16.3.2. Hydrail Revenue
- 16.3.2. Hydrails Locomotive Revenue
- 16.3.3. Fuel Cell Hydrail Railcar Sales/Leases Revenue
- 16.3.4. Passenger Hydrail Sales/Leases Revenue
- 16.3.5. Passenger Locomotives Revenue
- 16.3.6. Hydrail Passenger Railcars Sales/Leases Revenue
- 16.3.7. Freight Hydrail Revenue
- 16.3.8. Hydrail Freight Locomotive Revenue
- 16.3.9. Hydrail Freight Railcar Sales/Leases Revenue

17.0. Conclusion

List of Figures

Figure 1: Share of Passenger Trains & Freight Trains Sold, 2023-2038
Figure 2: Global Hydrail Sales/Leases, 2023-2038
Figure 3: CAGR of Hydrail Sales/Leases Globally, 2023-2038
Figure 4: APAC Hydrail Sales/Leases, 2023-2038
Figure 5: EMEA Hydrail Sales/Leases, 2023-2038
Figure 6: Americas Hydrails Sales/Leases, 2023-2038
Figure 7: Global Hydrail Locomotives Sales/Leases, 2023-2038
Figure 8: APAC Hydrail Locomotives Sales/Leases, 2023-2038
Figure 9: EMEA Hydrail Locomotives Sales/Leases, 2023-2038
Figure 10: Americas Hydrail Locomotives Sales/Leases, 2023-2038
Figure 11: Global Hydrail Railcars Sales/Leases, 2023-2038
Figure 12: APAC Hydrail Railcars Sales/Leases, 2023-2038
Figure 13: EMEA Hydrail Railcars Sales/Leases, 2023-2038
Figure 14: Americas Hydrail Railcar Sales/Leases, 2023-2038
Figure 15: Passenger Hydrail Global Sales/Leases, 2023-2038
Figure 16: CAGR of Global Passenger Hydrails Sales/Leases, 2023-2038
Figure 17: APAC Passenger Hydrails Sales/Leases, 2023-2038
Figure 18: CAGR of APAC Passenger Hydrails Sales/Leases, 2023-2038
Figure 19: EMEA Passenger Hydrails Sales/Leases, 2023-2038
Figure 20: CAGR of EMEA Passenger Hydrail Sales/Leases, 2023-2038
Figure 21: Americas Passenger Hydrails Sales/Leases, 2023-2038
Figure 22: CAGR of Americas Passenger Hydrails Sales/Leases, 2023-2038
Figure 23: CAGR of Global Hydrail Passenger Locomotive Sales/Leases, 2023-2038
Figure 24: APAC Fuel Cell Passenger Locomotives Sales/Leases, 2023-2038
Figure 25: EMEA Passenger Hydrail Locomotives Sales/Leases, 2023-2038
Figure 26: Americas Fuel Cell Passenger Locomotive Sales/Leases, 2023-2038
Figure 27: CAGR of Global Hydrail Passenger Railcars Sales/Leases, 2023-2038
Figure 28: APAC Hydrail Passenger Railcar Sales/Leases, 2023-2038
Figure 29: EMEA Hydrail Passenger Railcars Sales/Leases, 2023-2038
Figure 30: Americas Hydrail Passenger Railcar Sales/Leases, 2023-2038
Figure 31: Global Freight Hydrail Sales/Leases, 2023-2038
Figure 32: CAGR of Global Freight Hydrail Sales/Leases Globally, 2023-2038
Figure 33: APAC Freight Hydrail Sales/Leases, 2023-2038
Figure 34: CAGR of APAC Freight Hydrail Sales/Leases, 2023-2038
Figure 35: EMEA Freight Hydrail Sales/Leases, 2023-2038
Figure 36: CAGR of EMEA Freight Hydrail Sales/Leases, 2023-2038
Figure 37: Americas Freight Hydrail Sales/Leases, 2023-2038
Figure 38: CAGR of Americas Passenger Hydrail Sales/Leases, 2023-2038
Figure 39: CAGR of Global Hydrail Freight Locomotive Sales/Leases Globally, 2023-2038
Figure 40: APAC Fuel Cell Freight Locomotives Sales/Leases, 2023-2038
Figure 41: EMEA Fuel Cell Freight Locomotives Sales/Leases, 2023-2038
Figure 42: Americas Hydrail Freight Locomotive Sales/Leases, 2023-2038
Figure 43: CAGR of Global Hydrail Freight Railcars Unit Sales/Leases, 2023-2038
Figure 44: APAC Hydrail Freight Railcars Sales/Leases, 2023-2038
Figure 45: EMEA Hydrail Freight Railcars Sales/Leases, 2023-2038
Figure 46: Americas Hydrail Freight Railcar Sales/Leases, 2023-2038
Figure 47: Share of Hydrails Cumulative Global Revenue by Region, 2023-2038
Figure 48: Global Hydrail Sales/Leases Revenue, 2023-2038
Figure 49: CAGR of Global Hydrails Sales/Leases Revenue, 2023-2038
Figure 50: APAC Hydrails Sales/Leases Revenue, 2023-2038
Figure 51: CAGR of APAC Hydrails Sales/Leases Revenue, 2023-2038
Figure 52: EMEA Hydrails Sales/Leases Revenue, 2023-2038
Figure 53: CAGR of EMEA Hydrail Sales/Leases Revenue, 2023-2038
Figure 54: Americas Hydrail Sales/Leases Revenue, 2023-2038
Figure 55: CAGR of Americas Hydrails Sales/Leases Revenue, 2023-2038
Figure 56: Global Hydrail Locomotive Sales/Leases Revenue, 2023-2038
Figure 57: CAGR of Global Hydrail Locomotives Sales/Leases Revenue, 2023-2038
Figure 58: APAC Hydrail Freight Locomotive Sales/Leases Revenue, 2023-2038
Figure 59: CAGR of APAC Hydrail Locomotive Revenue, 2023-2038
Figure 60: EMEA Hydrail Locomotive Sales/Leases Revenue, 2023-2038
Figure 61: CAGR of EMEA Hydrail Locomotive Revenue, 2023-2038
Figure 62: Americas Hydrail Locomotive Sales/Leases Revenue, 2023-2038
Figure 63: CAGR of Americas Hydrail Locomotive Revenue, 2023-2038
Figure 64: Global Hydrail Freight Railcars Sales/Leases Revenue, 2023-2038
Figure 65: APAC Hydrail Railcar Sales/Leases Revenue, 2023-2038
Figure 66: EMEA Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 67: Americas Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 68: Global Fuel Cell Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 69: CAGR of Global Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 70: CAGR of APAC Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 71: CAGR of EMEA Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 72: CAGR of Americas Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 73: Global Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 74: APAC Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 75: EMEA Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 76: Americas Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 77: Global Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 78: APAC Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 79: EMEA Hydrail Passenger Railcars Aggregate Sales/Leases Revenue, 2023-2038
Figure 80: Americas Hydrail Passenger Railcars Sales/Leases Revenue, 2023-2038
Figure 81: Global Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 82: CAGR of Global Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 83: CAGR of Fuel Cell Freight Trains Revenue APAC, 2023-2038
Figure 84: CAGR of EMEA Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 85: CAGR of Americas Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 86: Global Hydrail Freight Locomotives Aggregate Revenue, 2023-2038
Figure 87: APAC Hydrail Freight Locomotives Sales/Leases Revenue, 2023-2038
Figure 88: EMEA Hydrail Freight Locomotive Sales/Leases Revenue, 2023-2038
Figure 89: Americas Hydrail Freight Locomotive Sales/Leases Revenue, 2023-2038
Figure 90: Global Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038
Figure 91: APAC Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038
Figure 92: EMEA Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038
Figure 93: Americas Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038