Press release
Hydrogen Fuel Cell Train Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2022-2031
According to a new report published by Allied Market Research, titled, "Hydrogen Fuel Cell Train Market," The hydrogen fuel cell train market is expected to be valued at $2.67 billion in 2025, and is estimated to reach $26.41 billion by 2035, growing at a CAGR of 28.2% from 2026 to 2035.
Europe is expected to dominate the market, in terms of revenue, followed by Asia-Pacific, North America, and LAMEA. Increase in government support for zero emission transportation and increase in investments from rolling stock manufacturers for development of hydrogen fuel cell technology propels growth of the hydrogen fuel cell train market in the region.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/8171
The key players that operate in this hydrogen fuel cell train market are Alstom, Ballard Power Systems., BNSF Railway Company, Construcciones Y Auxiliar De Ferrocarriles, S.A. (CAF), CRRC Corporation Limited, Engie, Hitachi Ltd., Hyundai Corporation, IHI Corporation, Kawasaki Heavy Industries, Ltd., PESA Group, Progress Rail (Subsidiary of Caterpillar), Siemens, Stadler Rail AG, Talgo, Toyota Motor Corporation, and Wabtec Corporation.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/8171
COVID-19 Impact Analysis
Spread of COVID-19 has already negatively influenced the global train market, which impacted growth of the fuel cell train market, globally. For instance, major rolling stock manufacturers such Stadler Rail AG and Alstom have announced suspension of production, owing to decline in demand, supply chain bottlenecks, and to protect safety of their employees in France, Germany, Italy, the U.S., and Spain during the COVID-19 pandemic.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in demand for passenger rail vehicles, further impacting growth of the rolling stock industry.
The COVID-19 pandemic not only affected operations of the rolling stock industry, but economic crisis also led to reduction in expenditure on next-generation technologies, for instance, hydrogen trains.
The demand for rolling stock experienced recovery in 2021 as operations of manufacturing companies and factories resumed, initiating continuation of railway projects around the world. Leading market players are taking various measures to deal with the negative effects of the outbreak of COVID-19. For instance, CRRC (China) is using the current market scenario to further strengthen its position by making strategic future-oriented investments and following a strict cost management program
Government authorities and operators are expected to accelerate and resume metro projects and expansion of the rail network after pandemic, which is anticipated to positively affect growth of the rolling stock market in post pandemic situation, which is expected fuel development of the hydrogen fuel cell train market.
KEY FINDINGS OF THE STUDY
By application, the freight train segment is expected to register a significant growth during the forecast period.
By technology, the proton exchange membrane fuel cell segment is projected to lead the global hydrogen train market
By component, the hydrogen fuel cell pack segment is projected to lead the global hydrogen train market
By rail type, the passenger rail segment is projected to lead the global hydrogen train market
Region-wise, Europe is anticipated to register the highest CAGR during the forecast period.
Browse Complete Report at
https://www.alliedmarketresearch.com/hydrogen-fuel-cell-train-market-A07806
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Europe is expected to dominate the market, in terms of revenue, followed by Asia-Pacific, North America, and LAMEA. Increase in government support for zero emission transportation and increase in investments from rolling stock manufacturers for development of hydrogen fuel cell technology propels growth of the hydrogen fuel cell train market in the region.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/8171
The key players that operate in this hydrogen fuel cell train market are Alstom, Ballard Power Systems., BNSF Railway Company, Construcciones Y Auxiliar De Ferrocarriles, S.A. (CAF), CRRC Corporation Limited, Engie, Hitachi Ltd., Hyundai Corporation, IHI Corporation, Kawasaki Heavy Industries, Ltd., PESA Group, Progress Rail (Subsidiary of Caterpillar), Siemens, Stadler Rail AG, Talgo, Toyota Motor Corporation, and Wabtec Corporation.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/8171
COVID-19 Impact Analysis
Spread of COVID-19 has already negatively influenced the global train market, which impacted growth of the fuel cell train market, globally. For instance, major rolling stock manufacturers such Stadler Rail AG and Alstom have announced suspension of production, owing to decline in demand, supply chain bottlenecks, and to protect safety of their employees in France, Germany, Italy, the U.S., and Spain during the COVID-19 pandemic.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in demand for passenger rail vehicles, further impacting growth of the rolling stock industry.
The COVID-19 pandemic not only affected operations of the rolling stock industry, but economic crisis also led to reduction in expenditure on next-generation technologies, for instance, hydrogen trains.
The demand for rolling stock experienced recovery in 2021 as operations of manufacturing companies and factories resumed, initiating continuation of railway projects around the world. Leading market players are taking various measures to deal with the negative effects of the outbreak of COVID-19. For instance, CRRC (China) is using the current market scenario to further strengthen its position by making strategic future-oriented investments and following a strict cost management program
Government authorities and operators are expected to accelerate and resume metro projects and expansion of the rail network after pandemic, which is anticipated to positively affect growth of the rolling stock market in post pandemic situation, which is expected fuel development of the hydrogen fuel cell train market.
KEY FINDINGS OF THE STUDY
By application, the freight train segment is expected to register a significant growth during the forecast period.
By technology, the proton exchange membrane fuel cell segment is projected to lead the global hydrogen train market
By component, the hydrogen fuel cell pack segment is projected to lead the global hydrogen train market
By rail type, the passenger rail segment is projected to lead the global hydrogen train market
Region-wise, Europe is anticipated to register the highest CAGR during the forecast period.
Browse Complete Report at
https://www.alliedmarketresearch.com/hydrogen-fuel-cell-train-market-A07806
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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