Hydrogen Trains Market to Witness an Outstanding Growth during 2019-2027

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.

Major Key Players of the Hydrogen Trains Market are:
Alstom S.A., Thales Group, Ansaldo STS, Mitsubishi Electric, Bombardier Transportation, Hitachi Ltd., and CRRC Corporation limited

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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.

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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.

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

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