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A hydrogen train, also known as hydrail, is a type of train that utilizes hydrogen as a source of energy. In a hydrogen train, hydrogen can be utilized to power the electric traction motors or to power other electronic and electrical components and devices of the train, or to run both. In a hydrogen train, the chemical energy of hydrogen is converted into mechanical energy either by combustion in an engine, or by chemical reaction with oxygen in a fuel cell.

Fuel powered vehicles are a prominent source of pollution across the globe. Increase in global temperature attributed to rising pollution levels is prompting governments and regulatory bodies to initiate corrective actions. Consequently, alternative fuel powered vehicles, such as electric vehicles and hydrogen powered vehicles, are gaining traction across the globe. This, in turn, is estimated to boost the demand for hydrogen trains. Moreover, trains are a considerably cost and fuel efficient source of transportation, which in turn is fueling the demand for trains.

Governments of several nations are focusing on the incorporating emission-free and efficient modes of transportation, in order to meet the Paris Agreement, signed by 195 countries, in 2016. The Paris Agreement is aimed at reducing global emission levels and restrict the rise in global temperature to well below 2 degrees Celsius, in the near future. The efforts initiated at the international level and raised awareness among people are likely to fuel the demand for hydrogen trains. Hydrogen trains eliminate the necessity of expensive overhead electric cables, which in turn reduces overall construction cost, which in turn is likely to boost the global hydrogen trains market.

Several countries across the globe have a significant number of diesel powered vehicles and are incorporating electric vehicles in order to curb emission occurring through diesel powered trains. Electric trains require a significant cost for construction of overhead electric rail, which is not required in hydrogen powered trains. Therefore, demand for hydrogen trains is likely to rise during the forecast period. However, significantly higher cost, as compared to that of a conventional train, is major restraint of the global hydrogen trains market.

The global hydrogen trains market can be segmented based on train type, grade of automation, application, and region. In terms of train type, the global hydrogen trains market can be segregated into five segments. The first hydrogen powered trains began operations in Germany. These are suburban trains and have been developed by Alstom S.A.

In terms of grade of automation, the global hydrogen trains market can be classified into five segments. Higher the grade of automation, higher is the safety and the cost. The grade of automation level 1 and 2 is gaining traction across the globe, which is attributed to their moderate cost and increased level of safety and performance. Based on application, the global hydrogen trains market can be bifurcated into passenger trains and freight trains. Hydrogen powered engines are incorporated for passenger trains; hence, the passenger trains segment is projected to hold a major share of the market, in terms of revenue, by the end of 2022. However, the advantages offered by hydrogen trains are likely to prompt their adoption for freight transportation applications.

In terms of region, the global hydrogen trains market can be segmented into five regions. The Government of the U.K. has signed a deal with hydrogen train manufacturer Alstom S.A., which comprises replacement of 100 diesel engine vehicles with hydrogen trains, by 2022. The first hydrogen powered train began operations in Germany, in 2018. Europe has a considerable number of diesel powered locomotives. Government of several nations across Europe are likely to eliminate the diesel powered trains in order to curb pollution. Consequently, the same governing bodies are likely to prefer for hydrogen powered vehicles instead of electric trains that have a higher cost of construction due to overhead electric cables.

Alstom S.A. is a key player operating in the global hydrogen trains market. Several other prominent players who provide technologies and components for hydrogen trains are Thales Group, Ansaldo STS, Mitsubishi Electric, Bombardier Transportation, Hitachi Ltd., and CRRC Corporation limited. The projected adoption of hydrogen trains is likely to prompt the integration of the key players mentioned above into the global hydrogen trains market

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hydrogen Trains Market

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