Siemens Mobility

Delray Beach – October 15, 2026 -- The global rolling stock market will grow from USD 31.69 billion in 2026 to USD 43.74 billion in 2033, a 4.7% CAGR, according to MarketsandMarkets. Fleet replacement, urban rail expansion and rail electrification drive the forecast.

Alstom's order intake nearly doubles to USD 16.7 billion

In FY 2025/26, Alstom recorded USD 16.7 billion in orders, up from USD 8.80 billion in the previous fiscal year, with orders across Europe, the Americas and Asia/Pacific. In September 2026, Alstom and TransPennine Express signed contracts worth more than USD 1.4 billion, including about USD 1.09 billion for 29 battery-electric trainsets.

In July 2026, Siemens Mobility signed a contract worth about EUR 3 billion (roughly USD 3.5 billion) with Italo Holding. It covers 26 Velaro high-speed trains, an option for 14 more and a 30-year service agreement.

Vancouver, BC – October 06, 2026 -- Ballard Power Systems has won an order for 24 FCrail 200 kW fuel cell modules from Siemens Mobility GmbH, totaling 4.8 MW of capacity, to power Romania's first hydrogen-powered passenger train fleet.

Order marks largest-ever commercial deployment of Siemens' Mireo Plus H platform

The 24 fuel cell modules will be installed across 12 Mireo Plus H trains commissioned by Romania's Railway Reform Authority (ARF). The deployment is the largest to date for the Mireo Plus H platform, the first outside Germany, and the first hydrogen rail fleet in Eastern Europe.