Hydrogen Trains Market Share Forecast to Witness Considerable Growth from 2019 To 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.

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.

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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.

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.

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