1. Summary and Scope
1.1 Executive Summary
1.2 Scope of the Study
1.3 Abbreviations & Acronym
1.4 Major Currencies

2.0 Overview
2.1 Overview
2.2 Trains & Locomotives
2.3 Single-Unit vs. Multi-Unit Trains
2.4 Passenger & Freight Trains
2.4.1 Power and Speed
2.4.2 Lifespan
2.4.3 Cargo Sensitivity
2.4.4 Powering and Moving
2.4.5 Size and Weight
2.4.6 Transportation Demand
2.5 Trains as Mode of Transportation

3.0 Locomotives
3.1 Technology & Characteristics
3.2 Locomotive Types
3.2.1 Diesel Locomotives
3.2.2 Diesel-Electric Locomotives
3.2.3 Electric Locomotives

4.0 Hydrogen Economy Transition
4.1 Greenhouse Gas Emissions
4.2 Combating Greenhouse Gases
4.2.1 Transportation Emissions
4.2.2 Paris Climate Agreement
4.2.3 Efforts at Country-Level
4.3 Hydrogen’s Challenges
4.3.1 Need for Proper Storage
4.3.2 Safety Considerations
4.3.3 Other Issues

5.0 Hydrails & Competing Technologies
5.1 Overview
5.2 How Fuel Cell Locomotives Work
5.3 Hydrogen Infrastructure for Trains
5.4 Hydrails & Battery-Electric Trains
5.5 Battery Technology Challenges

6.0 Attributes of Hydrails
6.1 Hydrails Performance
6.2 Hydrails’ Energy Efficiency
6.3 Operational Characteristics
6.3.1 TCO & Maintenance
6.3.2 Range
6.3.3 Refueling/Charging Times
6.3.4 Use in Remote Areas
6.3.5 Networkwide Disruption Risk Level
6.3.6 Ease of Deployment

7.0 Cost Considerations
7.1 Locomotive Pricing
7.2 Pricing of Railcars

8.0 Hydrails’ Environmental Impact and Deployments
8.1 Environmental Impact
8.2 Deployments

9.0 Asia-Pacific Deployments
9.1 China
9.1.1 Introduction
9.1.2 Hydrail Deployments
9.2 Japan
9.2.1 Introduction
9.2.2 Hydrail Deployments
9.3 South Korea
9.3.1 Introduction
9.3.2 Hydrail Deployments
9.4 Other APAC Countries
9.4.1 Australia
9.4.2 India
9.4.3 Indonesia
9.4.4 Malaysia

10.0 EMEA Deployments
10.1 Austria
10.2 Belgium
10.3 Czech Republic
10.4 Denmark
10.5 Estonia
10.6 France
10.7 Germany
10.8 Italy
10.9 Latvia
10.10 Namibia
10.11 Netherlands
10.12 Norway
10.13 Poland
10.14 Romania
10.15 Russia
10.16 Slovakia
10.17 Spain
10.18 Sweden
10.19 Switzerland
10.20 U.K.
10.21 Other Countries
10.21.1 Saudi Arabia
10.21.2 UAE

11.0 Americas Deployments
11.1 U.S.
11.2 Canada
11.3 Chile
11.4 Argentina

12.0 Train Manufacturers
12.1 Alstom
12.1.1 Introduction
12.1.2 Hydrail Rollouts
12.1.3 Train Technology & Features
12.1.4 Key Partnerships
12.1.5 Strategic Direction
12.2 CRRC Corporation Limited
12.2.1 Introduction
12.2.2 Hydrail Rollouts
12.2.3 Key Partnerships
12.2.4 Strategic Direction
12.3 Hitachi Ltd.
12.3.1 Introduction
12.3.2 Hydrail Rollouts
12.3.3 Key Partnerships
12.3.4 Strategic Direction
12.4 Siemens AG
12.4.1 Introduction
12.4.2 Hydrail Rollouts
12.4.3 Key Partnerships
12.4.4 Strategic Direction
12.5 Other Key Manufacturers
12.5.1 CAF
12.5.2 Engie
12.5.3 Hyundai Corporation
12.5.4 JR Central
12.5.5 Progress Rail
12.5.6 Stadler Rail AG
12.5.7 Talgo
12.5.8 The PESA Group
12.5.9 Wabtec Corporation

13. Locomotive Operators
13.1 Deutsche Bahn
13.1.1 Introduction
13.1.2 Hydrail Rollouts
13.1.3 Hydrail Rollouts
13.1.4 Key Partnerships
13.1.5 Strategic Direction
13.2 East Japan Railway Company
13.2.1 Introduction
13.2.2 Hydrail Rollouts
13.2.3 Key Partnerships
13.2.4 Strategic Direction
13.3 BNSF Railway Company
13.3.1 Introduction
13.3.2 Hydrogen Locomotives Rollouts
12.3.3 Key Partnerships
13.3.4 Strategic Direction

14.0 Fuel Cell Manufacturers
14.1 Ballard Power Systems
14.1.1 Introduction
14.1.2 Hydrogen Locomotives Rollouts
14.1.3 Key Partnerships
14.1.4 Strategic Direction
14.2 Cummins, Inc.
14.2.1 Introduction
14.2.2 Hydrogen Locomotives Rollouts
14.2.3 Key Partnerships
14.2.4 Strategic Direction

15.0 Other Key Players
15.1 IHI Corporation
15.2 Kawasaki Heavy Industries
15.3 Toyota Motor Corporation

16.0 Market Size & Forecasts
16.1 Factors Impacting Sales/Leases
16.2 Unit Sales/Leases
16.2.1 Hydrail Sales/Leases
16.2.2 Hydrail Locomotive Sales/Leases
16.2.3 Hydrail Railcar Sales/Leases
16.2.4 Passenger Hydrail Sales/Leases
16.2.5 Fuel Cell Passenger Locomotives Sales/Leases
16.2.6 Hydrail Passenger Railcar Sales/Leases
16.2.7 Freight Hydrail Sales/Leases
16.2.8 Hydrail Freight Locomotive Sales/Leases
16.2.9 Hydrail Freight Railcar Sales/Leases
16.3 Revenue
16.3.1 Global Cumulative Revenue
16.3.2 Hydrail Revenue
16.3.2 Hydrails Locomotive Revenue
16.3.3 Fuel Cell Hydrail Railcar Sales/Leases Revenue
16.3.4 Passenger Hydrail Sales/Leases Revenue
16.3.5 Passenger Locomotives Revenue
16.3.6 Hydrail Passenger Railcars Sales/Leases Revenue
16.3.7 Freight Hydrail Revenue
16.3.8 Hydrail Freight Locomotive Revenue
16.3.9 Hydrail Freight Railcar Sales/Leases Revenue

17.0 Conclusion

List of Figures

Figure 1: Share of Passenger Trains & Freight Trains Sold, 2023-2038
Figure 2: Global Hydrail Sales/Leases, 2023-2038
Figure 3: CAGR of Hydrail Sales/Leases Globally, 2023-2038
Figure 4: APAC Hydrail Sales/Leases, 2023-2038
Figure 5: EMEA Hydrail Sales/Leases, 2023-2038
Figure 6: Americas Hydrails Sales/Leases, 2023-2038
Figure 7: Global Hydrail Locomotives Sales/Leases, 2023-2038
Figure 8: APAC Hydrail Locomotives Sales/Leases, 2023-2038
Figure 9: EMEA Hydrail Locomotives Sales/Leases, 2023-2038
Figure 10: Americas Hydrail Locomotives Sales/Leases, 2023-2038
Figure 11: Global Hydrail Railcars Sales/Leases, 2023-2038
Figure 12: APAC Hydrail Railcars Sales/Leases, 2023-2038
Figure 13: EMEA Hydrail Railcars Sales/Leases, 2023-2038
Figure 14: Americas Hydrail Railcar Sales/Leases, 2023-2038
Figure 15: Passenger Hydrail Global Sales/Leases, 2023-2038
Figure 16: CAGR of Global Passenger Hydrails Sales/Leases, 2023-2038
Figure 17: APAC Passenger Hydrails Sales/Leases, 2023-2038
Figure 18: CAGR of APAC Passenger Hydrails Sales/Leases, 2023-2038
Figure 19: EMEA Passenger Hydrails Sales/Leases, 2023-2038
Figure 20: CAGR of EMEA Passenger Hydrail Sales/Leases, 2023-2038
Figure 21: Americas Passenger Hydrails Sales/Leases, 2023-2038
Figure 22: CAGR of Americas Passenger Hydrails Sales/Leases, 2023-2038
Figure 23: CAGR of Global Hydrail Passenger Locomotive Sales/Leases, 2023-2038
Figure 24: APAC Fuel Cell Passenger Locomotives Sales/Leases, 2023-2038
Figure 25: EMEA Passenger Hydrail Locomotives Sales/Leases, 2023-2038
Figure 26: Americas Fuel Cell Passenger Locomotive Sales/Leases, 2023-2038
Figure 27: CAGR of Global Hydrail Passenger Railcars Sales/Leases, 2023-2038
Figure 28: APAC Hydrail Passenger Railcar Sales/Leases, 2023-2038
Figure 29: EMEA Hydrail Passenger Railcars Sales/Leases, 2023-2038
Figure 30: Americas Hydrail Passenger Railcar Sales/Leases, 2023-2038
Figure 31: Global Freight Hydrail Sales/Leases, 2023-2038
Figure 32: CAGR of Global Freight Hydrail Sales/Leases Globally, 2023-2038
Figure 33: APAC Freight Hydrail Sales/Leases, 2023-2038
Figure 34: CAGR of APAC Freight Hydrail Sales/Leases, 2023-2038
Figure 35: EMEA Freight Hydrail Sales/Leases, 2023-2038
Figure 36: CAGR of EMEA Freight Hydrail Sales/Leases, 2023-2038
Figure 37: Americas Freight Hydrail Sales/Leases, 2023-2038
Figure 38: CAGR of Americas Passenger Hydrail Sales/Leases, 2023-2038
Figure 39: CAGR of Global Hydrail Freight Locomotive Sales/Leases Globally, 2023-2038
Figure 40: APAC Fuel Cell Freight Locomotives Sales/Leases, 2023-2038
Figure 41: EMEA Fuel Cell Freight Locomotives Sales/Leases, 2023-2038
Figure 42: Americas Hydrail Freight Locomotive Sales/Leases, 2023-2038
Figure 43: CAGR of Global Hydrail Freight Railcars Unit Sales/Leases, 2023-2038
Figure 44: APAC Hydrail Freight Railcars Sales/Leases, 2023-2038
Figure 45: EMEA Hydrail Freight Railcars Sales/Leases, 2023-2038
Figure 46: Americas Hydrail Freight Railcar Sales/Leases, 2023-2038
Figure 47: Share of Hydrails Cumulative Global Revenue by Region, 2023-2038
Figure 48: Global Hydrail Sales/Leases Revenue, 2023-2038
Figure 49: CAGR of Global Hydrails Sales/Leases Revenue, 2023-2038
Figure 50: APAC Hydrails Sales/Leases Revenue, 2023-2038
Figure 51: CAGR of APAC Hydrails Sales/Leases Revenue, 2023-2038
Figure 52: EMEA Hydrails Sales/Leases Revenue, 2023-2038
Figure 53: CAGR of EMEA Hydrail Sales/Leases Revenue, 2023-2038
Figure 54: Americas Hydrail Sales/Leases Revenue, 2023-2038
Figure 55: CAGR of Americas Hydrails Sales/Leases Revenue, 2023-2038
Figure 56: Global Hydrail Locomotive Sales/Leases Revenue, 2023-2038
Figure 57: CAGR of Global Hydrail Locomotives Sales/Leases Revenue, 2023-2038
Figure 58: APAC Hydrail Freight Locomotive Sales/Leases Revenue, 2023-2038
Figure 59: CAGR of APAC Hydrail Locomotive Revenue, 2023-2038
Figure 60: EMEA Hydrail Locomotive Sales/Leases Revenue, 2023-2038
Figure 61: CAGR of EMEA Hydrail Locomotive Revenue, 2023-2038
Figure 62: Americas Hydrail Locomotive Sales/Leases Revenue, 2023-2038
Figure 63: CAGR of Americas Hydrail Locomotive Revenue, 2023-2038
Figure 64: Global Hydrail Freight Railcars Sales/Leases Revenue, 2023-2038
Figure 65: APAC Hydrail Railcar Sales/Leases Revenue, 2023-2038
Figure 66: EMEA Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 67: Americas Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 68: Global Fuel Cell Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 69: CAGR of Global Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 70: CAGR of APAC Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 71: CAGR of EMEA Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 72: CAGR of Americas Passenger Hydrail Sales/Leases Revenue, 2023-2038
Figure 73: Global Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 74: APAC Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 75: EMEA Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 76: Americas Hydrail Passenger Locomotive Sales/Leases Revenue, 2023-2038
Figure 77: Global Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 78: APAC Hydrail Railcars Sales/Leases Revenue, 2023-2038
Figure 79: EMEA Hydrail Passenger Railcars Aggregate Sales/Leases Revenue, 2023-2038
Figure 80: Americas Hydrail Passenger Railcars Sales/Leases Revenue, 2023-2038
Figure 81: Global Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 82: CAGR of Global Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 83: CAGR of Fuel Cell Freight Trains Revenue APAC, 2023-2038
Figure 84: CAGR of EMEA Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 85: CAGR of Americas Freight Hydrail Sales/Leases Revenue, 2023-2038
Figure 86: Global Hydrail Freight Locomotives Aggregate Revenue, 2023-2038
Figure 87: APAC Hydrail Freight Locomotives Sales/Leases Revenue, 2023-2038
Figure 88: EMEA Hydrail Freight Locomotive Sales/Leases Revenue, 2023-2038
Figure 89: Americas Hydrail Freight Locomotive Sales/Leases Revenue, 2023-2038
Figure 90: Global Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038
Figure 91: APAC Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038
Figure 92: EMEA Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038
Figure 93: Americas Hydrail Freight Railcar Sales/Leases Revenue, 2023-2038