Europe Hydrogen Fuel Cell Train Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The Europe hydrogen fuel cell train market was valued at US$ 816.29 million in 2022 and is expected to reach US$ 1,874.92 million by 2030; it is estimated to grow at a CAGR of 11.0% from 2022 to 2030.

Technological and Infrastructure Development in Transportation Sector Boosts Europe Hydrogen Fuel Cell Train Market

Hydrogen-driven trains, battery-operated hybrid trains, hyperloop technology, and electrification in the railway transportation sector are some of the major emerging trends in the transportation sector to boost the propaganda of increasing efficiency and decarbonization. The growing focus on sustainable and environment-friendly alternatives to mitigate environmental pollution is boosting the demand for hydrogen-driven trains as an eco-friendly option in the transportation sector. Companies such as Talgo, Alstom, Ballard Power Systems, and Hyundai are key companies working on developing hydrogen fuel cell trains worldwide. In 2016, Alstom introduced Coradia iLint, a zero-carbon emission train, and it was commercially available in 2018 in Germany. In 2023, Ballard Power Systems presented its advanced FCmove hydrogen fuel cell modules at the UITP Global Transport Summit in Barcelona to support the agenda of reducing carbon emissions in the transportation sector. In 2023, Talgo is planning to introduce its hydrogen-driven train in Spain. CRRC and Chengdu Rail Transit combined developed the train.

Europe Hydrogen Fuel Cell Train Market Overview

The growing concern about mitigating greenhouse gas emissions and controlling the carbon footprint positively influences the Europe hydrogen fuel cell train market. The increasing advancement in the railway infrastructure and growing technological development in the transportation sector drive the hydrogen-driven fuel cell train market. Germany, France, the UK, and Italy are some of the major contributors to the Europe hydrogen fuel cell train market. The growing number of hydrogen-driven trains and initiatives taken by Alstom Coradia iLint, Talgo, and Siemens Mobility, such as introducing advanced hydrogen fuel cell trains, are major boosting factors for the Europe hydrogen fuel cell train market. The mobility companies in Europe focus on facilitating Europe's transition to low-carbon transportation infrastructure. The European Green Deal also focuses on the region's net zero emissions targets. Increasing government policies to boost the application of green alternatives also positively impacts the market. Mounting the advent of environment-friendly alternatives instead of conventional carbon-emitting options is a major driving factor for Europe's hydrogen fuel cell train market. Increasing fuel prices, focusing on energy-efficient transportation modes, and hassle-free long-distance travel are major driving factors for the market.

Europe Hydrogen Fuel Cell Train Market Revenue and Forecast to 2030 (US$ Million)

Europe Hydrogen Fuel Cell Train Market Segmentation

The Europe hydrogen fuel cell train market is bifurcated based on technology, component, rail type, and country. Based on technology, the Europe hydrogen fuel cell train market is segmented into proton exchange membrane fuel cell, phosphoric acid fuel cell, and others. The proton exchange membrane fuel cell segment held the largest market share in 2022.

Based on component, the Europe hydrogen fuel cell train market is segmented into hydrogen fuel cell pack, batteries, electric traction motors, and others. The hydrogen fuel cell pack segment held the largest market share in 2022.

Based on rail type, the Europe hydrogen fuel cell train market is segmented into passenger rail, commuter rail, light rail, trams, freight, and others. The commuter rail segment held the largest market share in 2022.

Based on country, the Europe hydrogen fuel cell train market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe hydrogen fuel cell train market share in 2022.

TWI Ltd, CRRC Corp Ltd, Hyundai Rotem Co, Stadler Rail AG, Talgo SA, Ballard Power Systems Inc, Alstom SA, PESA Bydgoszcz SA, Siemens Mobility GmbH, and Westinghouse Air Brake Technologies Corp are some of the leading companies operating in the Europe hydrogen fuel cell train market.

Product Code: BMIRE00029820

1. Introduction

1.1 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Hydrogen Fuel Cell Train Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Component Supplier
- 4.2.2 Hydrogen Fuel Cell Train Manufacturer
- 4.2.3 End Users
- 4.2.4 List of Hydrogen Fuel Cell Suppliers

5. Europe Hydrogen Fuel Cell Train Market - Key Industry Dynamics

5.1 Hydrogen Fuel Cell Train Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Environmental Concerns and Reducing Greenhouse Gas Emissions
- 5.2.2 Technological and Infrastructure Development in Transportation Sector
- 5.2.3 Growing Efficiency of Hydrogen-Driven Vehicles
- 5.2.4 Increasing Demand for Public Transportation Connectivity
5.3 Market Restraints
- 5.3.1 High Capital Requirement for Developing Hydrogen Fuel Cell Technology
- 5.3.2 High Risk, Cost, and Regulatory Framework Associated with Hydrogen Procurement
5.4 Market Opportunities
- 5.4.1 Increasing Proliferation of Proton Exchange Membrane Fuel Cell Technology
5.5 Future Trends
- 5.5.1 Growing Advent of Hydrogen Fuel Cell Technology in Transportation
5.6 Impact of Drivers and Restraints:

6. Hydrogen Fuel Cell Train Market - Europe Market Analysis

6.1 Hydrogen Fuel Cell Train Market Revenue (US$ Million), 2022 - 2030
6.2 Hydrogen Fuel Cell Train Market Forecast and Analysis

7. Europe Hydrogen Fuel Cell Train Market Analysis - Technology

7.1.1 Hydrogen Fuel Cell Train Market, By Technology (2022 and 2030)

7.2 Proton Exchange Membrane Fuel Cell
- 7.2.1 Overview
- 7.2.2 Proton Exchange Membrane Fuel Cell Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Phosphoric Acid Fuel Cell
- 7.3.1 Overview
- 7.3.2 Phosphoric Acid Fuel Cell Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others Market, Revenue and Forecast to 2030 (US$ Million)

8. Europe Hydrogen Fuel Cell Train Market Analysis - Component

8.1.1 Hydrogen Fuel Cell Train Market, By Component (2022 and 2030)

8.2 Hydrogen Fuel Cell Pack
- 8.2.1 Overview
- 8.2.2 Hydrogen Fuel Cell Pack Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Batteries
- 8.3.1 Overview
- 8.3.2 Batteries Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Electric Traction Motors
- 8.4.1 Overview
- 8.4.2 Electric Traction Motors Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)

9. Europe Hydrogen Fuel Cell Train Market Analysis - Rail Type

9.1.1 Hydrogen Fuel Cell Train Market, By Rail Type (2022 and 2030)

9.2 Passenger Rail
- 9.2.1 Overview
- 9.2.2 Passenger Rail Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Commuter Rail
- 9.3.1 Overview
- 9.3.2 Commuter Rail Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Light Rail
- 9.4.1 Overview
- 9.4.2 Light Rail Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Trams
- 9.5.1 Overview
- 9.5.2 Trams Market, Revenue and Forecast to 2030 (US$ Million)
9.6 Freight
- 9.6.1 Overview
- 9.6.2 Freight Market, Revenue and Forecast to 2030 (US$ Million)

10. Europe Hydrogen Fuel Cell Train Market - Country Analysis

10.1 Europe
- 10.1.1 Overview
- 10.1.2 Europe Hydrogen Fuel Cell Train Market Revenue and Forecasts and Analysis - By Country
  - 10.1.2.1 Germany Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.1.2.1.1 Germany Hydrogen Fuel Cell Train Market Breakdown by Technology
    - 10.1.2.1.2 Germany Hydrogen Fuel Cell Train Market Breakdown by Component
    - 10.1.2.1.3 Germany Hydrogen Fuel Cell Train Market Breakdown by Rail Type
  - 10.1.2.2 France Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.1.2.2.1 France Hydrogen Fuel Cell Train Market Breakdown by Technology
    - 10.1.2.2.2 France Hydrogen Fuel Cell Train Market Breakdown by Component
    - 10.1.2.2.3 France Hydrogen Fuel Cell Train Market Breakdown by Rail Type
  - 10.1.2.3 Italy Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.1.2.3.1 Italy Hydrogen Fuel Cell Train Market Breakdown by Technology
    - 10.1.2.3.2 Italy Hydrogen Fuel Cell Train Market Breakdown by Component
    - 10.1.2.3.3 Italy Hydrogen Fuel Cell Train Market Breakdown by Rail Type
  - 10.1.2.4 UK Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.1.2.4.1 UK Hydrogen Fuel Cell Train Market Breakdown by Technology
    - 10.1.2.4.2 UK Hydrogen Fuel Cell Train Market Breakdown by Component
    - 10.1.2.4.3 UK Hydrogen Fuel Cell Train Market Breakdown by Rail Type
  - 10.1.2.5 Russia Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
  - 10.1.2.6 Rest of Europe Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.1.2.6.1 Rest of Europe Hydrogen Fuel Cell Train Market Breakdown by Technology
    - 10.1.2.6.2 Rest of Europe Hydrogen Fuel Cell Train Market Breakdown by Component
    - 10.1.2.6.3 Rest of Europe Hydrogen Fuel Cell Train Market Breakdown by Rail Type

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 TWI Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 CRRC Corp Ltd
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Hyundai Rotem Co
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Stadler Rail AG
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Talgo SA
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Ballard Power Systems Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Alstom SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Siemens Mobility GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Westinghouse Air Brake Technologies Corp
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 PESA Bydgoszcz SA
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners