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The electrification (fuel cell/battery) theme has catapulted the FCEV development to a new horizon . Now, hydrogen fuel cell transportation shares the same warmth, the global FCEV in the rail market has seen huge investment and R&D in recent times.
The Paris climate accord and a significant increase in pollution post technology era have led. Major countries to ban fossil fuels related technologies by 2030.
This vision desegregated the current petroleum aided transposition industry to solely focus on renewable energy storage mode of transit for zero-emission mobility goals.
The Hydrail rail Project gained traction after the 2010s, early 2012 to mid-2015 saw the development of Hydrail technologies and testing of the prototype for commercial use from universities and countries such as Denmark, Spain, United Kingdom, Germany, China, South Africa, and UAE.
Recently, the hydrogen council, a global coalition body for fuel cell and hydrogen technologies have a surge in new members which already boasts of an impressive 53 leading energy and transportation giants altogether bringing a revenue around $21 Trillion across 11 different countries.
In 2016, the first commercial hydrail completed its test run and Alstom commercialized its hydrail passenger rail services in northern Germany in 2018.
The Project was commercially successful which led the government to procure additional 60 trains for the next five years and they are planning to enter the American Rail market by 2021.
Hyundai Rotem, its hydrogen fuel cell division, has procured a sub-license contract for hydrogen technology and expect the production of their first LRVs in 2021. Toyota is expected to start trials for hydrail project by 2021 and commercially viable technology by 2024.
United Kingdom has developed HydroFlex, hydrogen-based fuel cell trains, and its first iteration is expected to release in UK mainline network in spring 2020, and more are likely to follow soon.
Recently two industry giants in Product development and fuel cell technology, Siemens and Ballard approved collaboration for a hydrail project.
In the US, Stadler and San Bernardino County Transportation Authority(SBCTA) has signed contracts for their first hydrogen passenger train in 2019.
The Indian railways are working on Hydrogen -powered suburban train and expected to deploy it soon for its long overhaul routes.
The global metro system transit has grown at double digits in past 5 years and North America and Europe accounted for a 10% increase annually.
Many Progressive countries, states, and governments in India, America, Europe, Japan, China, and South Korea have started enacting legislative the roadmap which resonates with zero-emission mobility goals, and by extension, it would enact bans and extended taxes to fossil fuel mobility solutions. This move would further propel the deployment of Hydrogen based fuel solution.
Recent studies of Hyundai Rotem predict the global Hydrogen market around $500 million and expect to increase in the future. The North American market preliminary study estimates that hydrail benefits would go up to $24bn annually if it is adopted for freight and passenger services.
Germany has recently adopted the National hydrogen strategy and has allocated $10.4bn for making the country leading technologists in hydrogen solutions.
The global Hydrogen rail vehicle market is estimated at $XX Million in 2020, growing at –% CAGR till 2025
Alstom’s Cordial iLint is dominating the Global hydrogen rail vehicle market with commercial success and can run over 1,000kms on a full tank. Alstom managed to get orders from Austria,Germany and Netherlands.
Alstom has established a new joint venture with Snam of Italy, which would add the European market to Alstom hydrogen train maps. Breeze Project, a joint venture between Evershot rail and Alstom, invested $1.2 Million is expected to deploy soon in UK.
However the others are catching up, the Swiss Stadler has successfully delivered the first HMUs to USA and developed a Hydrail for the Austria Narrow-gauge Zillertalbahn.
The siemens advance platform Mireo is selected for developing a hydrogen train solution with smart passenger services.
North America
The North American market, particularly the USA, will be one of the prime markets for (Hydrogen Rail Vehicle Market) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Hydrogen Rail Vehicle Market) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Hydrogen Rail Vehicle Market) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Hydrogen Rail Vehicle Market) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Hydrogen Rail Vehicle Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Hydrogen Rail Vehicle Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Hydrogen Rail Vehicle Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
