Hydrogen Buses Market by Bus Type (Single Deck, Double Deck, Articulated Deck), by Power Output (Below 100 kW, 100-200 kW, Above 200 kW), by Technology (Proton Exchange Membrane Fuel Cell (PEMFC), by Manufacturing Type (New Hydrogen Bus, Retrofitted), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, Italy, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Hydrogen Buses Market size was valued at USD 0.63 USD Billion in 2023 and is projected to reach USD 13.79 USD Billion by 2032, exhibiting a CAGR of 55.4 % during the forecast period. Hydrogen buses are a form of green transport milestone since they are powered by hydrogen fuel cells, driving electric motors and the only resultant product is water vapour. These buses typically come in two forms: FCEBs and HICEBs which consist of fuel cell electric buses and hydrogen internal combustion engine buses respectively. FCEBs use fuel cells to produce power for their electric motors while HICEBs burn the hydrogen in an internal combustion engine. Some outstanding characteristics that may be noted include the absence of emissions from the tailpipe, low noise emissions and highly competitive driving distances for EVs, particularly in cities and intercity routes. They have flexible uses in different areas ranging from city transport systems to shuttle services and tourist circuits. There are many factors to consider when it comes to using hydrogen buses as a form of public transport. They effectively reduce the emission of greenhouse gases, enhance air quality, and reduce the use of fossil fuels. Also, they have a longer operation time meaning they are cheaper in terms of maintenance and fuel costs.
Bus Type:
Power Output:
Technology:
Manufacturing Type:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 55.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 55.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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