India Hydrogen Train Market Size, Share, and COVID-19 Impact Analysis, By Train Type (Passenger Train, Commercial Train, and Others), By Application (Hydrogen Fuel Cell Train, Hydrogen Hybrid Train, and Others), and India Hydrogen Train Market Insights Forecasts 2023 - 2033

India Hydrogen Train Market Insights Forecasts to 2033

• The India Hydrogen Train Market Size is Growing at a substantial CAGR from 2023 to 2033.
• The India Hydrogen Train Market Size is Expected to Reach a Significant Share by 2033.

The India Hydrogen Train Market Size is expected to Reach a Significant Share by 2033, Growing at a substantial CAGR from 2023 to 2033. 

Market Overview

The India hydrogen train market is the industry dedicated to the research, deployment, and commercialization of hydrogen-powered trains in the country. These trains generate energy using hydrogen fuel cells, offering a zero-emission alternative to diesel engines. The market consists of train makers, fuel cell technology providers, hydrogen production and storage firms, and railway infrastructure developers. Hydrogen trains are gaining popularity in India due to rising environmental concerns, government sustainability goals, and advances in hydrogen fuel technology. The Indian government, particularly Indian Railways, has pledged to achieve net-zero carbon emissions by 2030, making hydrogen-powered trains a feasible option to diesel engines, particularly on non-electrified railway lines.

Report Coverage

This research report categorizes the market for the India hydrogen train market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the India hydrogen train market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the India hydrogen train market.

Driving Factors

The India hydrogen train market is being driven by the government's strong push for green energy and net-zero carbon emissions by 2030, primarily through Indian Railways' decarbonization projects. With more than 30,000 kilometers of non-electrified railway tracks, hydrogen-powered trains provide a cost-effective alternative to full electrification, reducing dependency on diesel engines and lowering emissions. Advances in hydrogen fuel cell technology and green hydrogen production, aided by the National Green Hydrogen Mission, are driving industry expansion. Rising investments, public-private partnerships, and international collaborations including major manufacturers such as Alstom are driving hydrogen train development in India.

Restraining Factors

The India hydrogen train market has constraints such as high initial costs for hydrogen fuel cell technology and insufficient hydrogen refueling infrastructure, which impedes large-scale implementation. Furthermore, the lack of local hydrogen production capacity and reliance on fossil fuel-based hydrogen raise costs and sustainability concerns. Ensuring effective hydrogen storage, distribution, and safety standards remains a significant barrier to wider application.

Market Segment

• The passenger train segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the train type, the India hydrogen train market is divided into passenger train, commercial train, and others. Among these, the passenger train segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance stems from Indian Railways' emphasis on sustainable passenger transportation, which aims to replace diesel-powered trains on non-electrified routes with hydrogen alternatives. Furthermore, with India's fast urbanization and rising demand for clean transportation, hydrogen-powered passenger trains are emerging as an important solution for environmentally benign and cost-effective railway modernization.

• The hydrogen fuel cell train segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.

Based on the application, the India hydrogen train market is divided into hydrogen fuel cell train, hydrogen hybrid train, and others. Among these, the hydrogen fuel cell train segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. This expansion is fueled by Indian Railways' quest for zero-emission transportation, which aligns with the Net Zero by 2030 goal. Hydrogen fuel cell trains have a longer range, higher efficiency, and cheaper maintenance costs than typical diesel locomotives, making them an attractive option for India's non-electrified railway systems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the India hydrogen train market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hitachi Ltd
• Bombardier Transportation
• CRRC Corporation Limited
• Alstom S.A
• Ansaldo STS
• Thales Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2025, India intends to launch its first hydrogen-powered train on the Jind-Sonipat route in Haryana on March 31, 2025. This eco-friendly train will run on hydrogen fuel cells, resulting in zero carbon emissions and reduced noise pollution, contributing to India's net-zero goal. India's first hydrogen train is set to launch soon.

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the India Hydrogen Train Market based on the below-mentioned segments:

India Hydrogen Train Market, By Train Type

• Passenger Train
• Commercial Train
• Others

India Hydrogen Train Market, By Application

• Hydrogen Fuel Cell Train
• Hydrogen Hybrid Train
• Others