Europe Hydrogen Fuel Cell Train Market Forecast to 2030

According to the Research Team’ research, 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, registering a CAGR of 11.0% from 2022 to 2030. Increasing proliferation of proton exchange membrane fuel cell technology and technological and infrastructural development in transport sector are among the critical factors attributed to the Europe hydrogen fuel cell train market expansion.

Fuel cells primarily work on the principle of electrochemical reaction by converting chemical energy into electrical power. One of the most promising technologies of fuel cells is the Proton Exchange Membrane (PEM). The PEM fuel cell technology is most suitable for automotive applications owing to its high-power density. The function of PEM fuel cells can be reversed for O2 and H2 generation by using a water electrolysis process. The reverse technology of PEM fuel cells is a promising option for storing excess renewable power. When renewable power generation is more than the required amount, surplus renewable energy can be used to generate H2, and later, it can be converted back to electricity using PEM (Proton Exchange Membrane) fuel cell technology. The key end use of PEM fuel cells emphasizes transportation mainly because of its possible influence on the environment, like reducing the emission of greenhouse gases. Other uses include portable and distributed or stationary power production. In addition, the hydrogen fuel cell is a budding electrification technology that can offer mobility and reduced noise features for military vehicles while delivering high torque with scalable energy capacities. The growing technological evolution and more ongoing research are anticipated to boost the application of different fuel cell technologies in the near future.

On the contrary, high capital requirement for developing hydrogen fuel cell technology hampers the growth of Europe hydrogen fuel cell train market.

Based on technology, the Europe hydrogen fuel cell train market is categorized into proton exchange membrane fuel cell, phosphoric acid fuel cell, and others. The proton exchange membrane fuel cell segment held 100.0% market share in 2022, amassing US$ 816.29 million. It is projected to garner US$ 1,861.82 million by 2030 to expand at 10.9% CAGR during 2022-2030.

Based on component, the Europe hydrogen fuel cell train market is categorized into hydrogen fuel cell pack, batteries, electric traction motors, and others. The hydrogen fuel cell pack segment held 40.1% share of Europe hydrogen fuel cell train market in 2022, amassing US$ 327.65 million. It is projected to garner US$ 722.64 million by 2030 to expand at 10.4% CAGR during 2022-2030.

Based on rail type, the Europe hydrogen fuel cell train market is categorized into passenger rail, commuter rail, light rail, trams, freight, and others. The commuter rail segment held 100.0% share of Europe hydrogen fuel cell train market in 2022, amassing US$ 816.29 million. It is projected to garner US$ 1,815.92 million by 2030 to expand at 10.5% CAGR during 2022-2030.

Based on country, the Europe hydrogen fuel cell train market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 61.3% share of Europe hydrogen fuel cell train market in 2022. It was assessed at US$ 500.78 million in 2022 and is likely to hit US$ 1,091.58 million by 2030, exhibiting a CAGR of 10.2% during 2022-2030.

Key players operating in the Europe hydrogen fuel cell train market are 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, among others.

In July 2023, Stadler to deliver world first hydrogen propulsion narrow gauge trains to Italy.

In July 2021, Talgo and Repsol agree to develop hydrogen-fueled trains.

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 Research Team

Table 1. List of Vendors in the Value Chain
Table 2. Hydrogen Fuel Cell Train Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Hydrogen Fuel Cell Train Market Revenue and Forecasts to 2030 (US$ Million) – Technology
Table 4. Hydrogen Fuel Cell Train Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 5. Hydrogen Fuel Cell Train Market Revenue and Forecasts to 2030 (US$ Million) – Rail Type
Table 6. Germany Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Technology
Table 7. Germany Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Component
Table 8. Germany Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Rail Type
Table 9. France Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Technology
Table 10. France Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Component
Table 11. France Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Rail Type
Table 12. Italy Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Technology
Table 13. Italy Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Component
Table 14. Italy Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Rail Type
Table 15. UK Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Technology
Table 16. UK Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Component
Table 17. UK Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Rail Type
Table 18. Rest of Europe Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Technology
Table 19. Rest of Europe Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Component
Table 20. Rest of Europe Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn) – Rail Type

Figure 1. Hydrogen Fuel Cell Train Market Segmentation, By Country
Figure 2. Ecosystem: Hydrogen Fuel Cell Train Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Hydrogen Fuel Cell Train Market Revenue (US$ Million), 2022 – 2030
Figure 5. Hydrogen Fuel Cell Train Market Share (%) – Technology, 2022 and 2030
Figure 6. Proton Exchange Membrane Fuel Cell Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Phosphoric Acid Fuel Cell Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Hydrogen Fuel Cell Train Market Share (%) – Component, 2022 and 2030
Figure 10. Hydrogen Fuel Cell Pack Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Batteries Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Electric Traction Motors Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Hydrogen Fuel Cell Train Market Share (%) – Rail Type, 2022 and 2030
Figure 15. Passenger Rail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Commuter Rail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Light Rail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Trams Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Freight Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Europe Hydrogen Fuel Cell Train Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. Hydrogen Fuel Cell Train Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 22. Germany Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. France Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Italy Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. UK Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Russia Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Rest of Europe Hydrogen Fuel Cell Train Market Revenue and Forecasts To 2030 (US$ Mn)