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Hydrogen Bus Market
Hydrogen Bus Market Size, Share, Forecast, & Trends Analysis by Bus Type (Single Deck, Articulated Deck), Cell Technology (Proton Exchange Membrane Fuel Cell, Solid Oxide Fuel Cell, Alkaline Fuel Cell), Power Output (Below 100 kW, 100-200 kW) and Geography—Global Forecast to 2031
Report ID:MRCHM - 1041389 Pages: 250 Nov-2024 Formats*: PDF Category: Chemicals and Materials Delivery: 24 to 72 HoursThe Hydrogen Bus Market was valued at $2.0 billion in 2023. This market is expected to reach $18.2 billion by 2031 from an estimated $2.6 billion in 2024, at a CAGR of 32.2% during the forecast period 2024-2031.
Hydrogen Bus Market Size & Forecast
The growth of the Hydrogen Bus Market is primarily driven by the growing demand for zero-emission commercial vehicles, increasing government initiatives to transition to clean energy sources and advancements in fuel cell technologies. Moreover, the expansion of hydrogen infrastructure is expected to generate growth opportunities for the players operating in this market.
Hydrogen Bus Market Growth Drivers
Growing Demand for Zero-emission Commercial Vehicles Driving Market Growth
With increasing awareness of climate change and air pollution, leading players and governments are pushing for cleaner transportation solutions. Zero-emission vehicles (ZEVs) help reduce greenhouse gas emissions and improve air quality. Many regions have implemented stricter emissions regulations and are offering incentives for zero-emission vehicles. For example, cities and countries are setting targets for reducing diesel and gasoline vehicle usage and are introducing low-emission zones. For instance, in October 2023, the Department of Energy (DOE) (U.S.) announced plans to invest $7 billion to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation and accelerate the commercial-scale deployment of low-cost, clean hydrogen which is a valuable energy that can be produced with zero or near-zero carbon emissions and is crucial to meeting the climate and energy security goals.
Increasing Government Initiatives to Transition to Clean Energy Sources Driving Market Growth
Governments worldwide are increasingly focusing on transitioning to clean energy sources to address climate change and reduce greenhouse gas emissions. Hydrogen buses are a prominent example of this shift towards sustainable transport solutions. Governments are setting stricter emission standards and regulations that encourage the adoption of cleaner technologies. For example, cities are implementing low-emission zones that favor zero-emission vehicles, such as hydrogen buses. Many governments are modernizing public transportation fleets with cleaner options. Hydrogen buses are part of this trend, aiming to reduce emissions in urban areas and promote cleaner public transit.
Some of the recent developments in this space are as follows:
- In March 2024, the U.S. Department of Energy (DOE) announced a plan to invest USD 750 million for 52 projects across 24 states to dramatically reduce the cost of clean hydrogen and reinforce America's global leadership in the growing clean hydrogen industry.
- In March 2024, the European Commission approved a €900 million ($984.6 million) French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production to foster the transition towards a net-zero economy in line with the green deal industrial plan.
Such developments are expected to support the growth of this market.
Hydrogen Bus Market Analysis: Key Findings
By Bus Type: The Single Deck Segment to Dominate the Hydrogen Bus Market in 2024
Based on bus type, the hydrogen bus market is segmented into single deck, double deck, and articulated deck. In 2024, the single deck segment is expected to account for the largest share of over 43.0% of the hydrogen bus market. The segment’s large share is attributed to the increasing incentives to encourage the adoption of hydrogen fuel cell vehicles and rising environmental policies and funding initiatives.
However, the articulated deck segment is expected to register a higher CAGR during the forecast period. The increasing adoption of sustainable transportation solutions, the growing demand for efficient and high-capacity hydrogen buses, and growing government efforts to shift towards clean energy sources are expected to support the growth of this segment.
By Cell Technology: The Proton Exchange Membrane Fuel Cell Segment to Dominate the Hydrogen Bus Market in 2024
Based on cell technology, the hydrogen bus market is segmented into proton exchange membrane fuel cells, solid oxide fuel cells, alkaline fuel cells, phosphoric acid fuel cells, direct methanol fuel cells, and other cell technologies. In 2024, the proton exchange membrane fuel cell segment is expected to account for the largest share of over 36.0% of the hydrogen bus market. The segment’s large share is attributed to the ongoing advancements in proton exchange membrane (PEM) fuel cell technology, increased funding for R&D in PEMFC technology, and increasing government efforts to implement proton exchange membrane fuel cell (PEMFC) buses.
However, the solid oxide fuel cell segment is expected to grow at a higher CAGR during the forecast period. Continuous improvements in SOFC technology, a rising government initiative for solid oxide fuel cell (SOFC) technologies, and advancements in materials and designs enhancing performance and durability are expected to support the growth of this segment.
By Power Output: The Below 100 kW is Segment to Dominate the Hydrogen Bus Market in 2024
Based on power output, the hydrogen bus market is segmented into below 100 kw, 100-200 kw, and above 200 kw. In 2024, the below 100 kW segment is expected to account for the largest share of over 41.0% of the hydrogen bus market. The segment’s large share is attributed to the rising demand of below 100 kW hydrogen buses in urban areas, rising adoption of low-capacity transportation services, and increasing interest in micro-transit and shuttle services.
However, the 100-200 kW segment is expected to grow at a higher CAGR during the forecast period. The growing demand for 150-200 kW hydrogen buses to support longer routes and higher speeds and the increasing adoption of 100-200 kW hydrogen buses in intercity transportation systems are expected to support the growth of this segment.
Geographic Analysis
Europe to Dominate the Hydrogen Bus Market
Based on geography, the hydrogen bus market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, Europe is expected to account for the largest share of over 38.0% of the hydrogen bus market. The presence of prominent hydrogen bus players is expected to contribute to the high revenue share of this region. In addition, the growing government initiatives to shift towards clean energy sources, rising demand for zero-emission commercial vehicles, ongoing investment funding programs, grants for clean fuel adoption, and expansion of hydrogen infrastructure drive the demand for hydrogen buses in the region. Additionally, market players are focusing on expanding their offerings, supporting the growth of this region. For instance, in July 2022, Iveco Group (Italy) partnered with HTWO, a brand of Hyundai Motor Group (South Korea), for the next generation of hydrogen buses in Europe.
However, Asia-Pacific is expected to witness the highest CAGR of 34.5% during the forecast period. The rapid growth of regional economies, especially in China, South Korea, Japan, and India, the infrastructural growth in APAC, the advancements in fuel cell technologies, the growing investment by market players in the development of hydrogen buses, the growing strategic alliances and large-scale investment for a clean hydrogen economy, and the growing government initiatives contribute to the rapid growth of this regional market.
Hydrogen Bus Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the hydrogen bus market are Hyundai Motor Group (South Korea), Ballard Power Systems Inc. (Canada), Toyota Motor Corporation (Japan), Wrightbus (U.K.), Solaris Bus & Coach sp. Z.o.o. (Poland), NFI Group Inc. (Canada), Tata Motors Limited (India), Alexander Dennis Limited. (U.K.), Daimler Truck AG (Germany), Van Hool (Belgium), BYD Motors LLC. (U.S.), and Karsan Otomotiv San. ve Tic. A.S. (Turkey).
Hydrogen Bus Industry Overview: Latest Developments from Key Industry Players
- In October 2023, Iveco Group (Italy) and Hyundai Motor Group (South Korea) launched the first hydrogen city bus (IVECO BUS E-WAY H2) at Busworld in Brussels.
- In January 2022, BOC Limited. (U.K.) signed a Memorandum of Understanding (MoU) agreement with Foton Mobility Pty Ltd. (Australia) to develop the hydrogen bus sector in Australia and New Zealand.
Hydrogen Bus Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2024 |
|
CAGR (Value) |
32.2% |
|
Market Size (Value) |
$18.2 Billion by 2031 |
|
Segments Covered |
By Bus Type
By Cell Technology
By Power Output
|
|
Countries Covered |
North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Poland, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and the Middle East & Africa (UAE, Israel, Rest of Middle East & Africa) |
|
Key Companies |
Hyundai Motor Group (South Korea), Ballard Power Systems Inc. (Canada), Toyota Motor Corporation (Japan), Wrightbus (U.K.), Solaris Bus & Coach sp. Z.o.o. (Poland), NFI Group Inc. (Canada), Tata Motors Limited (India), Alexander Dennis Limited. (U.K.), Daimler Truck AG (Germany), Van Hool (Belgium), BYD Motors LLC. (U.S.), and Karsan Otomotiv San. ve Tic. A.S. (Turkey). |
Key questions answered in the hydrogen bus market report:
The hydrogen bus market study focuses on market assessment and opportunity analysis based on the sales of hydrogen bus products across various countries, regions, and market segments. The study includes a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years.
The hydrogen bus market is projected to reach $18.2 billion by 2031, at a CAGR of 32.2% during the forecast period 2024–2031.
In 2024, the below 100 kw segment is expected to account for the largest share of over 41.0% of the hydrogen bus market. The segment’s large share is attributed to the rising adoption of low-capacity transportation services in urban and suburban areas, the rising initiative to promote public transport sustainability, and the growing interest in micro-transit and shuttle services.
The growth of the hydrogen bus market is primarily driven by the growing demand for zero-emission commercial vehicles, increasing government initiatives to transition to clean energy sources and advancements in fuel cell technologies. Moreover, the expansion of hydrogen infrastructure is expected to generate growth opportunities for the players operating in this market.
The key players operating in the hydrogen bus market are Hyundai Motor Group (South Korea), Ballard Power Systems Inc. (Canada), Toyota Motor corporation (Japan), Wrightbus (U.K.), Solaris Bus & Coach sp. Z.o.o. (Poland), NFI Group Inc. (Canada), Tata Motors Limited (India), Alexander Dennis Limited. (U.K.), Daimler Truck AG (Germany), Van Hool (Belgium), BYD Motors LLC. (U.S.), and Karsan Otomotiv San. ve Tic. A.S. (Turkey).
At present, Europe dominates the hydrogen bus market. However, Japan, China, India, and South Korea are expected to witness strong growth in the demand for hydrogen buses in the coming years.
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing & Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Bus Type
3.3. Market Analysis, by Cell Technology
3.4. Market Analysis, by Power Output
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Growing Demand for Zero-emission Commercial Vehicles
4.2.1.2. Increasing Government Initiatives to Transition to Clean Energy Sources
4.2.1.3. Advancements in Fuel Cell Technologies
4.2.2. Restraints
4.2.2.1. High Cost Associated with Hydrogen Fuel Cell Technology and Infrastructure
4.2.3. Opportunities
4.2.3.1. Expansion of Hydrogen Infrastructure
4.2.4. Challenges
4.2.4.1. Complex and Expensive Storage and Transportation
4.3. Vendor Selection Criteria/Factors Influencing Purchase Decisions
4.4. Case Studies
4.5. Trends
4.5.1. Technology/Innovation Trends
4.5.2. Market Trends
4.6. Key Industry Stakeholders
4.6.1. Bus Manufacturers
4.6.2. Technology Providers
4.6.3. Infrastructure/H2 Providers
4.6.4. Other Stakeholders
4.7. Government Policies and Regulations
4.8. Patent Analysis
4.9. Cost Analysis of the Use of Hydrogen-fueled Buses
4.10. Role of Hydrogen in Sustainable Energy Systems
4.11. Policy Overview Across Major Markets
5. Hydrogen Bus Market Assessment—by Bus Type
5.1. Overview
5.2. Single Deck
5.3. Double Deck
5.4. Articulated Deck
6. Hydrogen Bus Market Assessment—by Cell Technology
6.1. Overview
6.2. Proton Exchange Membrane Fuel Cells
6.3. Solid Oxide Fuel Cells
6.4. Alkaline Fuel Cells
6.5. Phosphoric Acid Fuel Cells
6.6. Direct Methanol Fuel Cells
6.7. Other Cell Technologies
7. Hydrogen Bus Market Assessment—by Power Output
7.1. Overview
7.2. Below 100 kW
7.3. 100-200 kW
7.4. Above 200 kW
8. Hydrogen Bus Market Assessment—by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. U.K.
8.3.2. Germany
8.3.3. France
8.3.4. Spain
8.3.5. Italy
8.3.6. Switzerland
8.3.7. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Singapore
8.4.5. South Korea
8.4.6. Australia & New Zealand
8.4.7. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Mexico
8.5.2. Brazil
8.5.3. Rest of Latin America
8.6. Middle East & Africa
8.6.1. UAE
8.6.2. Israel
8.6.3. Rest of Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Rankings of Key Players
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)
10.1. Hyundai Motor Group (South Korea)
10.2. Ballard Power Systems Inc. (Canada)
10.3. Toyota Motor Corporation (Japan)
10.4. Wrightbus (U.K.)
10.5. Solaris Bus & Coach sp. Z o.o. (Poland)
10.6. NFI Group Inc. (Canada)
10.7. Tata Motors Limited (India)
10.8. Alexander Dennis Limited (U.K.)
10.9. Daimler Truck AG (Germany)
10.10. Van Hool (Belgium)
10.11. BYD Motors LLC (U.S.)
10.12. Karsan Otomotiv San. ve Tic. A.S. (Turkey)
(Note: SWOT analysis will be provided for the top 5 companies)
11. Appendix
11.1. Available Customization
List of Tables
Table 1 Global Hydrogen Bus Market, by Country/Region, 2022–2031 (USD Million)
Table 2 Global Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 3 Global Single Deck Hydrogen Bus Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Double Deck Hydrogen Bus Market, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Articulated Deck Hydrogen Bus Market, Country/Region, 2022–2031 (USD Million)
Table 6 Global Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 7 Global Proton Exchange Membrane Fuel Cell Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Solid Oxide Fuel Cell Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Alkaline Fuel Cell Market, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Phosphoric Acid Fuel Cell Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Direct Methanol Fuel Cell Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Hydrogen Bus Market for Other Cell Technologies, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 14 Global Hydrogen Bus Market for Below 100 kW, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Hydrogen Bus Market for 100-200 kW, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Hydrogen Bus Market for Above 200 kW, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Hydrogen Bus Market, by Country/Region, 2022–2031 (USD Million)
Table 18 North America: Hydrogen Bus Market, by Country, 2022–2031 (USD Million)
Table 19 North America: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 20 North America: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 21 North America: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 22 U.S.: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 23 U.S.: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 24 U.S.: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 25 Canada: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 26 Canada: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 27 Canada: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 28 Europe: Hydrogen Bus Market, by Country, 2022–2031 (USD Million)
Table 29 Europe: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 30 Europe: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 31 Europe: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 32 U.K.: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 33 U.K.: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 34 U.K.: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 35 Germany: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 36 Germany: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 37 Germany: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 38 France: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 39 France: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 40 France: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 41 Italy: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 42 Italy: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 43 Italy: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 44 Spain: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 45 Spain: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 46 Spain: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 47 Switzerland: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 48 Switzerland: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 49 Switzerland: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 50 Poland: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 51 Poland: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 52 Poland: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 53 Rest of Europe: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 54 Rest of Europe: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 55 Rest of Europe: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 56 Asia-Pacific: Hydrogen Bus Market, by Country, 2022–2031 (USD Million)
Table 57 Asia-Pacific: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 58 Asia-Pacific: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 59 Asia-Pacific: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 60 China: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 61 China: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 62 China: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 63 Japan: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 64 Japan: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 65 Japan: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 66 India: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 67 India: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 68 India: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 69 South Korea: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 70 South Korea: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 71 South Korea: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 72 Singapore: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 73 Singapore: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 74 Singapore: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 75 Australia & New Zealand: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 76 Australia & New Zealand: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 77 Australia & New Zealand: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 78 Rest of Asia-Pacific: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 79 Rest of Asia-Pacific: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 80 Rest of Asia-Pacific: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 81 Latin America: Hydrogen Bus Market, by Country, 2022–2031 (USD Million)
Table 82 Latin America: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 83 Latin America: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 84 Latin America: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 85 Mexico: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 86 Mexico: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 87 Mexico: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 88 Brazil: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 89 Brazil: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 90 Brazil: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 91 Rest of Latin America: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 92 Rest of Latin America: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 93 Rest of Latin America: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 94 Middle East & Africa: Hydrogen Bus Market, by Country, 2022–2031 (USD Million)
Table 95 Middle East & Africa: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 96 Middle East & Africa: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 97 Middle East & Africa: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 98 UAE: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 99 UAE: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 100 UAE: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 101 Israel: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 102 Israel: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 103 Israel: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 104 Rest of Middle East & Africa: Hydrogen Bus Market, by Bus Type, 2022–2031 (USD Million)
Table 105 Rest of Middle East & Africa: Hydrogen Bus Market, by Cell Technology, 2022–2031 (USD Million)
Table 106 Rest of Middle East & Africa: Hydrogen Bus Market, by Power Output, 2022–2031 (USD Million)
Table 107 Recent Developments from Major Market Players (2021–2024)
Table 108 Market Rankings of Key Players
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interview
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing & Growth Forecast Approach
Figure 9 Key Insights
Figure 10 In 2024, the Single Deck Segment Expected to Dominate the Global Hydrogen Bus Market
Figure 11 In 2024, the Proton Exchange Membrane Fuel Cell Segment Expected to Dominate the Global Hydrogen Bus Market
Figure 12 In 2024, the Below 100 kW Segment Expected to Dominate the Global Hydrogen Bus Market
Figure 13 Global Hydrogen Bus Market, by Geography (2024 Vs. 2031)
Figure 14 Impact Analysis of Market Dynamics
Figure 15 Vendor Selection Criteria/Factors Influencing Purchase Decisions
Figure 16 Global Hydrogen Bus Market, by Bus Type, 2024 Vs. 2031 (USD Million)
Figure 17 Global Hydrogen Bus Market, by Cell Technology, 2024 Vs. 2031 (USD Million)
Figure 18 Global Hydrogen Bus Market, by Power Output, 2024 Vs. 2031 (USD Million)
Figure 19 Global Hydrogen Bus Market, by Geography, 2024 Vs. 2031 (USD Million)
Figure 20 Geographic Snapshot: Hydrogen Bus Market in North America
Figure 21 Geographic Snapshot: Hydrogen Bus Market in Europe
Figure 22 Geographic Snapshot: Hydrogen Bus Market in Asia-Pacific
Figure 23 Geographic Snapshot: Hydrogen Bus Market in Latin America
Figure 24 Geographic Snapshot: Hydrogen Bus Market in Middle East & Africa
Figure 25 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 26 Competitive Benchmarking Analysis (2021–2024)
Figure 27 Competitive Dashboard: Global Hydrogen Bus Market
Figure 28 Hyundai Motor Group: Financial Overview (2022)
Figure 29 Ballard Power Systems Inc: Financial Overview (2022)
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