Proton Membrane Exchange Will hydrogen fueled buses and coaches experience high sales? Fact.MR Report


The Hydrogen Vehicle Market is expected to register a CAGR of 3% during the forecast period 2021-2031, generating a cumulative opportunity worth US $ 150 million

ROCKVILLE, MARYLAND, USA, Sep 22, 2021 /EINPresswire.com/ – A recently released Fact.MR study examines that the global hydrogen vehicle market is expected to register a CAGR of 3% over the forecast period 2021-2031, generating an additional opportunity worth US $ 150 million. Growth is expected to remain strong amid a growing rush towards alternative fuel sources to power automobiles.

From 2016 to 2020, sales of hydrogen vehicles increased modestly, at a CAGR of 2%, attributed to the highly specialized characteristics of the market. A general slowdown in the global auto industry coupled with recession shocks suffered amid the coronavirus pandemic has further limited prospects for expansion. However, as restrictions ease, automakers are reporting higher profit margins, which bodes well for sales of hydrogen vehicles.

Green hydrogen is expected to grow in the future. Hydraulic fuels can greatly benefit clean energy transitions if adopted in sectors where they are virtually absent, such as transportation, buildings and power generation. All over the world, hydrogen is today a major source of energy for industrial customers. Over the past three decades, the demand for hydrogen has tripled, and almost all of it is supplied by coal and gas, with 6% of global natural gas consumption going to hydrogen production. .

To stay ahead of your competition, request a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=685

Key companies profiled

Ballard Power System
GM hydrogen
Daimler AG
Toyota Motor Corporation
Hyundai Motor Company
FuelCell Energy Inc.
BMW SA
Audi AG
Honda Motor Company Ltd.

Key segments covered

Vehicle type

Hydrogen passenger vehicles
Hydrogen commercial vehicles
Heavy Duty Hydrogen Commercial Vehicles
Buses and coaches Hydrogen vehicles
Trucks and trailers Hydrogen vehicles

By technology

Proton membrane hydrogen exchange vehicles
Phosphoric Acid Fuel Cell Hydrogen Vehicles

Need more information on the reporting methodology? Click here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=685

Key points of the market research

Hydrogen trucks and trailers to witness growing demand, increase to 3% CAGR

By technology, hydrogen phosphoric acid fuel cell vehicles account for 60% of global demand

Sales of hydrogen vehicles in the United States will increase at a CAGR of around 4% through 2031

Asia will be the most lucrative market, accounting for 40% of the global demand for hydrogen vehicles

“While manufacturers are focusing on new markets, they are committed to using sustainable renewables without releasing harmful gases into the air,” says Fact.MR analyst.

Key Hydrogen Vehicle Survey Highlights and Projections

Despite the impact of COVID-19 on the consumer goods industry, the Hydrogen Vehicles market is expected to achieve a good rating. This can be attributed to the increasing prevalence of chronic diseases.

With a very advanced healthcare sector and the presence of key market players, the United States will continue to dominate the hydrogen vehicle market.

By drug class, corticosteroids dominate the hydrogen vehicle market with a significant share.

Due to the demand for advanced hydrogen vehicle products in the medical field and increasing investments in the healthcare sector, the UK will become a very lucrative market for hydrogen vehicles.

The hydrogen vehicle market in East Asia is growing rapidly owing to increased investment in the healthcare sector, favorable government policies and the high prevalence of life-threatening diseases.

Competitive landscape

Strategic collaborations allow hydrogen vehicles to increase their revenues and market share. The implementation of new technologies and equipment allows manufacturers to expand their presence in the market.

On May 25, 2021, Faurecia finalized the merger of Chinese manufacturer of hydrogen tanks, CLD. Following the announcement of the planned acquisition by Faurecia in February, CLD was selected by reputable Chinese OEMs, such as SAIC, for several different commercial vehicle models.
On April 22, 2021, Toyota Motor Corporation announced its goal of creating a zero-emission mobility company, as well as its hydrogen engine development program. In addition, the engine will be mounted on a Corolla Sport racing car, competing under the ORC ROOKIE Racing banner from the NAPAC Fuji SUPER TEC24 Hours Race on May 21-23.

Full access to this exclusive report is available at https://www.factmr.com/checkout/685

Key questions addressed in the report

What are the most lucrative hydrogen vehicle markets?
What factors will impact the growth of hydrogen vehicles?
How will changing trends impact the strategies of market players?
How can market players seize the opportunities at their fingertips in all regions?
Which companies dominate the hydrogen vehicle industry?
What are the winning strategies of market players?

More information available
Fact.MR’s, in its new offering, presents an unbiased analysis of the hydrogen vehicle market, presenting historical demand data (2016-2020) and forecast statistics from 2021 to 2031.

The study discloses essential market information based on vehicle type (passenger, commercial, heavy-duty, bus and coach, and trucks and trailers), technology (proton membrane exchange and phosphoric acid fuel cell), in seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa).

Explore more trend reports from Fact.MR

Cordless Planer Market Forecast, Trend Analysis and Competition Tracker – Global Review 2021 to 2031

(https://www.factmr.com/report/cordless-planer-market)

Dynamic Compactors Market Forecast, Trend Analysis and Competition Tracking – Global Review 2021 to 2031

(https://www.factmr.com/report/dynamic-compactor-market)
Surgical Mesh Market Trend Analysis & Competition Tracking – Global Review 2021-2031 (https://www.factmr.com/report/surgical-mesh-market)

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. While our experienced consultants use the latest technology to extract hard-to-find information, we believe our USP is the trust clients have in our expertise. Covering a wide spectrum – from Automotive and Industry 4.0 to Healthcare and Retail, our coverage is broad, but we make sure that even the most specialized categories are analyzed. Our sales offices in the United States and in Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals, and we will be a competent research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Office 400
Rockville, Maryland 20852
United States
Phone. : +1 (628) 251-1583

The head office:
Unit No .: AU-01-H Gold Tower (AU),
Plot number: JLT-PH1-I3A,
Jumeirah Lakes Tours,
Dubai, United Arab Emirates
Email: [email protected]
Visit our website: https://www.factmr.com

Anup kumar
Done.MR
+1 6282511583
write us here

About Frances R. Smith

Check Also

Hyundai Motor bets on battery recycling

Settings …