Hydrogen Vehicle Market Report, By Vehicle Type (Commercial Vehicle, Passenger Vehicle), By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, Alkaline Fuel Cells, Solid Oxide Fuel Cells, Others) and Region- Global Market Share, Trend Analysis & Forecast, 2020 – 2029

Published on: Mar 2023
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Number Of Pages:125

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Market Size	CAGR	Dominating Region
USD 49.81 billion by 2029	64.7%	Asia Pacific

By Vehicle Type	By Technology Type	By Region
Commercial vehicle Passenger vehicle	Proton Exchange Membrane Fuel Cell Phosphoric Acid Fuel Cells Alkaline Fuel Cells Solid Oxide Fuel Cells Others	North America Asia Pacific Europe South America Middle East Asia & Africa

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Hydrogen Vehicle Market Overview

The Hydrogen Vehicle Market is expected to grow at 64.7% CAGR from 2022 to 2029. It is expected to reach above USD 49.81 billion by 2029 from USD 0.56 billion in 2020.

One of the most widely used fuels in the world today is hydrogen, and many expect it to accompany electric vehicles. Stellantis ushered in the era of hydrogen-powered vans by limiting the production of mid-size commercial vehicles for Peugeot, Citroen and Opel. Electricity is generated by using hydrogen to power a hydrogen fuel cell. Hydrogen fuel cell vehicles have great potential to reduce emissions associated with the transport sector. No greenhouse gases (GHG) are emitted while the vehicle is in operation.

The Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration jointly created the National Standards for Greenhouse Gas Emissions and Fuel Economy (NHTSA) for Heavy and Medium Duty Vehicles in North America. The Energy Independence and Security Act (EISA) of 2007 gave NHTSA the power to set fuel economy policies, and the Clean Air Act gave the EPA the power to establish greenhouse gas emissions programs. The GHG program provides guidelines for regulating fluorocarbon leaks from air conditioning systems, as well as CO2 emission requirements, N2O and CH4 emission standards.

ATTRIBUTE	DETAILS
Study period	2022-2029
Base year	2022
Estimated year	2022
Forecasted year	2023-2029
Historical period	2018-2022
Unit	Value (USD BILLION), (THOUSAND UNITS)
Segmentation	By Vehicle Type, By Technology, By Region
By Vehicle Type	Commercial vehicle Passenger vehicle
By Technology Type	Proton Exchange Membrane Fuel Cell Phosphoric Acid Fuel Cells Alkaline Fuel Cells Solid Oxide Fuel Cells Others
By Region	North America Asia Pacific Europe South America Middle East Asia & Africa

Due to growing concerns about environmental degradation and depletion of natural resources, various technologies have entered the market to support eco-friendly concepts. Adoption of hydrogen fuel cell vehicles is increasing due to increased awareness of the impact of air pollution, increased traffic, and rising greenhouse gas emissions. Hydrogen provides a noise-free driving experience, as the exhaust gas consists mainly of steam and condensation. This is especially important in cities where noise pollution is a problem.

Long distances, fast refueling, quiet driving, and no emissions of greenhouse gases or air pollutants are all hallmarks of hydrogen fuel cell vehicles. The use of fuel cells is therefore suitable for transportation and automotive applications. For critical applications in the transportation sector. B. Material-handling vehicles, trains, buses, defense vehicles, automobiles, light commercial vehicles and fuel cells are flexible and scalable energy sources. For example, the U.S. Department of Energy reports that around 68,500 multi-purpose fuel cell units were sold worldwide in 2018, bringing fuel cell sales to his US$2.3 billion. The amount of fuel cell power used for transportation was about 560 MW.

The COVID-19 pandemic has disrupted the entire environment, halting new car sales and manufacturing globally. Original equipment manufacturers (OEMs) have had to wait until lockdowns that alter production levels are lifted. The automotive sector relies heavily on capital expenditures and regular financing to sustain operations. Because of this, production will be halted during the first few months of the pandemic, leading to reduced demand. This has statistical significance for fuel cell electric vehicle (FCEV) manufacturers and fuel cell vehicle manufacturers.

As a result of global lockdowns and manufacturing plant closures, the market has been hit hard by shortages in raw material supplies, manufacturing plant manpower shortages and lack of proper processes to execute business strategies. However, the industry is expected to expand steadily in the post-pandemic era due to rising gas prices and growing demand for eco-friendly vehicles.

Hydrogen Vehicle Market | Exactitude Consultancy

Hydrogen Vehicle Market Segment Analysis

The Hydrogen Vehicle market is segmented based on Vehicle Type, Technology, End User and Region, Global trends and forecast. By Vehicle Type, the Hydrogen Vehicle market is divided into Commercial Vehicle, Passenger Vehicle. Based on technology, the market is bifurcated into Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, Alkaline Fuel Cells, Solid Oxide Fuel Cells, Others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

A commercial vehicle is a four-wheeled vehicle used to transport products. Road vehicles classified as commercial vehicles are used to transport people, goods, or both. Buses, trucks, vans, and other similar vehicles fall into this category. Commercial vehicles are an integral part of any economy as they are essential for the movement of both people and goods A passenger vehicle is basically a road vehicle, such as a car, truck or van, designed to carry people rather than goods. Passenger car makers have carved out a niche that appeals to the country’s middle class with its affordability, quality features, small size and easy financing options. For example, according to the International Automobile Manufacturers (OICA), global car production has fallen by 16%, below 78 million units, the same level as in 2010.

Most of the fuel cell technology market share gains in 2021 will come from proton exchange membrane fuel cells (PEMFCs), and this trend is expected to continue over the forecast period. A polymer electrolyte is used in the PEMFC to conduct protons. Similar to Nafion, perfluorosulfonic acid (PFSA) polymers are typical PEMFC electrolytes with excellent proton conductivity, high chemical stability, good mechanical strength and good flexibility. Liquid phosphoric acid is used as the electrolyte in phosphoric acid fuel cells (PAFC), and platinum catalyst-enhanced porous carbon electrodes serve as the electrode material. Solid oxide fuel cells can operate at high temperatures and do not require expensive catalysts such as ruthenium. The most typical application for solid oxide fuel cells is stationary applications.

Hydrogen Vehicle Market Players

The major key players of market include Ballard Power System, ITM Power, Plug Power, Delphi Technologies, Doosan Corporation, Hydrogenic, Proton Power System PLC, Intelligent Energy Holdings plc, Panasonic Corporation, Pearl Hydrogen, Horizon Fuel Cell Technologies.

Recent Developments:

On April 1st, 2021, Alstom strengthened its presence in hydrogen with its purchase of Helion Hydrogen Power. Alstom has expanded its portfolio of innovative, competitive solutions and pursued the implementation of its Alstom in Motion strategic plan by acquiring this company.

On February 9th, 2021, Hydron Motors announced a business combination with Decarbonization Plus. Through this acquisition, the company will be able to fully fund and support Hyzon’s long-established plan for growth in the hydrogen fuel cell-powered, zero-emission commercial transportation sector.

Who Should Buy? Or Key stakeholders

Distributor and supplier companies
Automotive Industry
Investors
Manufacturing companies
End user companies
Raw Material industry
Others

Hydrogen Vehicle Market Regional Analysis

The Hydrogen Vehicle market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

The Asia Pacific autonomous fuel cell market is expected to be the largest during the forecast period, followed by Europe and North America. The market drivers are the strong demand for fuel cell vehicles for public and private passenger transport and passenger transport’s large share of total vehicle production. In addition, the Asia-Pacific region is the world’s largest environmental technology market, with Japan, China and South Korea currently having the largest fuel cell markets. Several companies plan to increase production capacity and make significant investments to commercialize fuel cell vehicles. Hyundai, for example, plans to spend $6.7 billion to improve fuel cell performance, doubling production capacity more than 200 times by 2030.

Key Market Segments: Hydrogen Vehicle Market

Hydrogen Vehicle Market By Vehicle Type, 2020-2029, (Usd Billion), (Thousand Units)

Commercial Vehicle
Passenger Vehicle

Hydrogen Vehicle Market By Technology, 2020-2029, (Usd Billion), (Thousand Units)

Proton Exchange Membrane Fuel Cell
Phosphoric Acid Fuel Cells
Alkaline Fuel Cells
Solid Oxide Fuel Cells
Others

Hydrogen Vehicle Market By Region, 2020-2029, (Usd Billion), (Thousand Units)

North America
Asia Pacific
Europe
South America
Middle East And Africa

Important Countries In All Regions Are Covered.

Key Question Answered

What is the current size of the Hydrogen Vehicle market?
What are the key factors influencing the growth of Hydrogen Vehicle market?
Who are the major key players in the Hydrogen Vehicle market?
Which region will provide more business opportunities Hydrogen Vehicle market in future?
Which segment holds the maximum share of the Hydrogen Vehicle market?

INTRODUCTION
1. MARKET DEFINITION
2. MARKET SEGMENTATION
3. RESEARCH TIMELINES
4. ASSUMPTIONS AND LIMITATIONS
RESEARCH METHODOLOGY
1. DATA MINING
  1. SECONDARY RESEARCH
  2. PRIMARY RESEARCH
  3. SUBJECT-MATTER EXPERTS’ ADVICE
2. QUALITY CHECKS
  1. FINAL REVIEW
3. DATA TRIANGULATION
  1. BOTTOM-UP APPROACH
  2. TOP-DOWN APPROACH
  3. RESEARCH FLOW
4. DATA SOURCES
EXECUTIVE SUMMARY
MARKET OVERVIEW
1. GLOBAL HYDROGEN VEHICLE MARKET OUTLOOK
  1. MARKET DRIVERS
  2. MARKET RESTRAINTS
  3. MARKET OPPORTUNITIES
2. IMPACT OF COVID-19 ON HYDROGEN VEHICLE MARKET
3. PORTER’S FIVE FORCES MODEL
  1. THREAT FROM NEW ENTRANTS
  2. THREAT FROM SUBSTITUTES
  3. BARGAINING POWER OF SUPPLIERS
  4. BARGAINING POWER OF CUSTOMERS
  5. DEGREE OF COMPETITION
4. INDUSTRY VALUE CHAIN ANALYSIS
GLOBAL HYDROGEN VEHICLE MARKET BY VEHICLE TYPE 2020-2029, (USD BILLION), (THOUSAND UNITS)
1. COMMERCIAL VEHICLE
2. PASSENGER VEHICLE
GLOBAL HYDROGEN VEHICLE MARKET BY TECHNOLOGY 2020-2029, (USD BILLION), (THOUSAND UNITS)
1. PROTON EXCHANGE MEMBRANE FUEL CELL
2. PHOSPHORIC ACID FUEL CELLS
3. ALKALINE FUEL CELL
4. SOLID OXIDE FUEL CELL
5. OTHERS
GLOBAL HYDROGEN VEHICLE MARKET BY REGION 2020-2029, (USD BILLION), (THOUSAND UNITS)
1. NORTH AMERICA
  1. US
  2. CANADA
  3. MEXICO
2. SOUTH AMERICA
  1. BRAZIL
  2. ARGENTINA
  3. COLOMBIA
  4. REST OF SOUTH AMERICA
3. EUROPE
  1. GERMANY
  2. UK
  3. FRANCE
  4. ITALY
  5. SPAIN
  6. RUSSIA
  7. REST OF EUROPE
4. ASIA PACIFIC
  1. INDIA
  2. CHINA
  3. JAPAN
  4. SOUTH KOREA
  5. AUSTRALIA
  6. SOUTH-EAST ASIA
  7. REST OF ASIA PACIFIC
5. MIDDLE EAST AND AFRICA
  1. UAE
  2. SAUDI ARABIA
  3. SOUTH AFRICA
  4. REST OF MIDDLE EAST AND AFRICA

COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
1. BALLARD POWER SYSTEM
2. ITM POWER
3. PLUG POWER
4. DELPHI TECHNOLOGIES
5. DOOSAN CORPORATION
6. HYDROGENICS
7. PROTON POWER SYSTEM PLC
8. INTELLIGENT ENERGY HOLDINGS PLC
9. PANASONIC CORPORATION
10. PEARL HYDROGEN
11. HORIZON FUEL CELL TECHNOLOGIES *THE COMPANY LIST IS INDICATIVE

LIST OF TABLES

TABLE 1 GLOBAL HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029

TABLE 2 GLOBAL HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 3 GLOBAL HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 4 GLOBAL HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 5 GLOBAL HYDROGEN VEHICLE MARKET BY REGION (USD BILLIONS), 2020-2029

TABLE 6 GLOBAL HYDROGEN VEHICLE MARKET BY REGION (THOUSAND UNITS), 2020-2029

TABLE 7 NORTH AMERICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 8 NORTH AMERICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 9 NORTH AMERICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 10 NORTH AMERICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020- 2029

TABLE 11 NORTH AMERICA HYDROGEN VEHICLE MARKET BY COUNTRY (USD BILLIONS), 2020-2029

TABLE 12 NORTH AMERICA HYDROGEN VEHICLE MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 13 US HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 14 US HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 15 US HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 16 US HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 17 CANADA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (BILLIONS), 2020-2029

TABLE 18 CANADA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 19 CANADA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 20 CANADA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 21 MEXICO HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 22 MEXICO HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 23 MEXICO HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 24 MEXICO HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 25 SOUTH AMERICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 26 SOUTH AMERICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 27 SOUTH AMERICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 28 SOUTH AMERICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 29 SOUTH AMERICA HYDROGEN VEHICLE MARKET BY COUNTRY (USD BILLIONS), 2020-2029

TABLE 30 SOUTH AMERICA HYDROGEN VEHICLE MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 31 BRAZIL HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 32 BRAZIL HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 33 BRAZIL HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 34 BRAZIL HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 35 ARGENTINA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 36 ARGENTINA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 37 ARGENTINA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 38 ARGENTINA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 39 COLOMBIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 40 COLOMBIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 41 COLOMBIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 42 COLOMBIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 43 REST OF SOUTH AMERICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 44 REST OF SOUTH AMERICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 45 REST OF SOUTH AMERICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 46 REST OF SOUTH AMERICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 47 ASIA-PACIFIC HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 48 ASIA-PACIFIC HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 49 ASIA-PACIFIC HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 50 ASIA-PACIFIC HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 51 ASIA-PACIFIC HYDROGEN VEHICLE MARKET BY COUNTRY (USD BILLIONS), 2020-2029

TABLE 52 ASIA-PACIFIC HYDROGEN VEHICLE MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 53 INDIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 54 INDIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 55 INDIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 56 INDIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 57 CHINA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 58 CHINA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 59 CHINA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 60 CHINA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 61 JAPAN HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 62 JAPAN HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 63 JAPAN HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 64 JAPAN HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 65 SOUTH KOREA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 66 SOUTH KOREA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 67 SOUTH KOREA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 68 SOUTH KOREA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 69 AUSTRALIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 70 AUSTRALIA HYDROGEN VEHICLEBY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 71 AUSTRALIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 72 AUSTRALIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 73 SOUTH EAST ASIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 74 SOUTH EAST ASIA HYDROGEN VEHICLEBY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 75 SOUTH EAST ASIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 76 SOUTH EAST ASIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020- 2029

TABLE 77 REST OF ASIA PACIFIC HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 78 REST OF ASIA PACIFIC HYDROGEN VEHICLEBY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 79 REST OF ASIA PACIFIC HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 80 REST OF ASIA PACIFIC HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 81 REST OF ASIA PACIFIC HYDROGEN VEHICLE MARKET BY COUNTRY (USD BILLIONS), 2020-2029

TABLE 82 REST OF ASIA PACIFIC HYDROGEN VEHICLE MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 83 EUROPE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 84 EUROPE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 85 EUROPE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 86 EUROPE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 87 EUROPE HYDROGEN VEHICLE MARKET BY END USER (USD BILLIONS), 2020-2029

TABLE 88 EUROPE HYDROGEN VEHICLE MARKET BY END USER (THOUSAND UNITS), 2020-2029

TABLE 89 GERMANY HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 90 GERMANY HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 91 GERMANY HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 92 GERMANY HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 93 UK HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 94 UK HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 95 UK HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 96 UK HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 97 FRANCE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 98 FRANCE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 99 FRANCE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 100 FRANCE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 101 ITALY HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 102 ITALY HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 103 ITALY HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 104 ITALY HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 105 SPAIN HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 106 SPAIN HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 107 SPAIN HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 108 SPAIN HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 109 RUSSIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 110 RUSSIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 111 RUSSIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 112 RUSSIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 113 REST OF EUROPE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 114 REST OF EUROPE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 115 REST OF EUROPE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 116 REST OF EUROPE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 117 MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 118 MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 119 MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 120 MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 121 MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY COUNTRY (USD BILLIONS), 2020-2029

TABLE 122 MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 123 UAE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 124 UAE HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 125 UAE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 126 UAE HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 127 SAUDI ARABIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 128 SAUDI ARABIA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 129 SAUDI ARABIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 130 SAUDI ARABIA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 131 SOUTH AFRICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 132 SOUTH AFRICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 133 SOUTH AFRICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 134 SOUTH AFRICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

TABLE 135 REST OF MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (USD BILLIONS), 2020-2029

TABLE 136 REST OF MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029

TABLE 137 REST OF MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (USD BILLIONS), 2020-2029

TABLE 138 REST OF MIDDLE EAST AND AFRICA HYDROGEN VEHICLE MARKET BY TECHNOLOGY (THOUSAND UNITS), 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL HYDROGEN VEHICLEBY VEHICLE TYPE, USD BILLION, 2020-2029

FIGURE 9 GLOBAL HYDROGEN VEHICLEBY TECHNOLOGY, USD BILLION, 2020-2029

FIGURE 10 GLOBAL HYDROGEN VEHICLEBY END USER, USD BILLION, 2020-2029

FIGURE 11 GLOBAL HYDROGEN VEHICLEBY REGION, USD BILLION, 2020-2029

FIGURE 12 PORTER’S FIVE FORCES MODEL

FIGURE 13 GLOBAL HYDROGEN VEHICLEBY VEHICLE TYPE, USD BILLION, 2021

FIGURE 14 GLOBAL HYDROGEN VEHICLEBY TECHNOLOGY, USD BILLION, 2021

FIGURE 15 GLOBAL HYDROGEN VEHICLEBY END USER, USD BILLION, 2021

FIGURE 16 GLOBAL HYDROGEN VEHICLEBY REGION, USD BILLION, 2021

FIGURE 17 HYDROGEN VEHICLE MARKET BY REGION 2021

FIGURE 18 MARKET SHARE ANALYSIS

FIGURE 19 BALLARD POWER SYSTEM: COMPANY SNAPSHOT

FIGURE 20 ITM POWER: COMPANY SNAPSHOT

FIGURE 21 PLUG POWER: COMPANY SNAPSHOT

FIGURE 22 DELPHI TECHNOLOGIES: COMPANY SNAPSHOT

FIGURE 23 DOOSAN CORPORATION: COMPANY SNAPSHOT

FIGURE 24 HYDROGENICS: COMPANY SNAPSHOT

FIGURE 25 PROTON POWER SYSTEM PLC: COMPANY SNAPSHOT

FIGURE 26 INTELLIGENT ENERGY HOLDINGS PLC: COMPANY SNAPSHOT

FIGURE 27 PANASONIC CORPORATION: COMPANY SNAPSHOT

FIGURE 28 PEARL HYDROGEN: COMPANY SNAPSHOT

FIGURE 29 HORIZON FUEL CELL TECHNOLOGIES: COMPANY SNAPSHOT

• What is the worth of Hydrogen Vehicle market?

The Hydrogen Vehicle market is expected to grow at 64.7% CAGR from 2022 to 2029. It is expected to reach above USD 49.81 billion by 2029 from USD 0.56 billion in 2020.

• What is the size of the Asia Pacific Hydrogen Vehicle market industry?

Asia Pacific held more than 45% of the Hydrogen Vehicle market revenue share in 2021 and will witness expansion in the forecast period.

• What are some of the market's driving forces?

• Which are the top companies to hold the market share in Hydrogen Vehicle market?

• Which is the largest regional market for Hydrogen Vehicle market?

Asia Pacific, the largest market in 2021 accounted for more revenue generation of worldwide sales and is likely to dominate the market over the estimated period. The growth of the region is attributed to the increasing demand.

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Hydrogen Vehicle Market Overview

Hydrogen Vehicle Market Segment Analysis

Hydrogen Vehicle Market Players

Who Should Buy? Or Key stakeholders

Hydrogen Vehicle Market Regional Analysis

Key Market Segments: Hydrogen Vehicle Market

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Hydrogen Vehicle Market Report, By Vehicle Type (Commercial Vehicle, Passenger Vehicle), By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, Alkaline Fuel Cells, Solid Oxide Fuel Cells, Others) and Region- Global Market Share, Trend Analysis & Forecast, 2020 – 2029

INTERESTED IN THIS RESEARCH?

REPORT OUTLOOK

SCOPE OF THE REPORT

Hydrogen Vehicle Market Overview

Hydrogen Vehicle Market Segment Analysis

Hydrogen Vehicle Market Players

Who Should Buy? Or Key stakeholders

Hydrogen Vehicle Market Regional Analysis

Key Market Segments: Hydrogen Vehicle Market

Key Question Answered

Table of Content

LIST OF TABLES

LIST OF FIGURES

FAQ

Related Reports

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