The report, Hydrogen Fuel Cell Train Market, highlights how investments in railway infrastructure, a surge in environmental concerns, and the rise in demand for public transport services will drive the growth of the global sector.
However, high capital requirement for the development of hydrogen fuel cell trains and refurbishment of existing rolling stocks are expected to hinder the growth of the industry.
On the other hand, increase in R&D activities related to hydrogen fuel cell technology and increase in demand for trains for passenger transportation are expected to create enormous opportunities for the market during the forecast period.
Based on application, the passenger train segment is expected to hold the highest market share in 2025, accounting for nearly two-thirds of the global hydrogen fuel cell train market and is estimated to maintain its leadership status throughout the forecast period, owing to increase in demand for public transportation across the globe.
However, the freight train segment is projected to manifest the highest CAGR of 29.3% from 2026 to 2035, owing to rise in international trade and increase in cross-border rail freight transport.
Based on technology, the proton exchange membrane fuel cell segment is anticipated to hold the highest market share in 2025, accounting for nearly two-fifths of the global hydrogen fuel cell train market and is estimated to maintain its leadership status throughout the forecast period.
Moreover, the same segment is projected to manifest the highest CAGR of 29.5% from 2026 to 2035, owing to increase in use of proton exchange membrane fuel cells as energy sources in trains to reduce CHE emissions. The report also analyzes Phosphoric Acid Fuel Cell.
Based on region, Europe is estimated to hold the highest market share in terms of revenue in 2025, accounting for more than one-thirds of the global hydrogen fuel cell train market. Moreover, the same region is expected to witness the fastest CAGR of 30.2% from 2026 to 2035, owing to increase in government support for zero emission technology from European Union. The report also analyzes North America, Asia-Pacific, and LAMEA.