수소 버스 시장 예측(-2030년) : 부문별, 지역별 세계 분석

According to Stratistics MRC, the Global Hydrogen Buses Market is accounted for $632.68 million in 2023 and is expected to reach $938.83 million by 2030 growing at a CAGR of 5.8% during the forecast period. Public transportation vehicles that run-on hydrogen fuel cells as opposed to traditional hydrocarbon fuels are known as hydrogen buses. Their ability to offer a practical, healthy, and effective public transportation option is helping them gain popularity. On these buses, the electric motor is run by a fuel cell stack, which produces energy by combining hydrogen and oxygen.

According to the World Travel and Tourism Council (WTTC), tourism accounted for 11.1% of Spain's gross domestic product in 2022. This is a substantial increase from the 10.4% contribution made in 2019.

Market Dynamics:

Driver:

Population growth and urbanization

The demand for effective, green public transportation options has increased due to the global trend of urbanization and population growth. By offering dependable and environmentally friendly mass transit options in densely populated urban areas, easing traffic congestion, and lowering pollution, hydrogen buses are well-suited to meet this demand. Moreover, hydrogen buses are poised to play a critical role in modernizing public transportation systems as cities continue to grow.

Restraint:

Battery-electric technology competition

Battery-electric buses, which have a stronger market presence thanks to lower initial costs and an established charging infrastructure, compete fiercely with hydrogen buses. The appeal of hydrogen buses has been further hampered by the advancements in battery technology, which have enabled electric buses to achieve longer ranges and better performance. However, manufacturers of hydrogen buses are under pressure from this competition to continuously innovate and cut costs in order to compete in the zero-emission transit market.

Opportunity:

Advances in green hydrogen production

The market for hydrogen buses has a critical opportunity due to ongoing research and investment in green hydrogen production technologies, particularly electrolysis powered by renewable energy. Furthermore, by switching to green hydrogen, hydrogen buses now have more environmental credibility in addition to reducing carbon emissions. Municipalities and transit agencies aiming to meet ambitious emissions reduction targets may find hydrogen buses to be a more sustainable and desirable option as the price of green hydrogen production keeps falling.

Threat:

Competing technologies for zero emissions

Zero-emission technologies, especially battery-electric buses, which have a larger market share because of lower initial costs, a more developed infrastructure, and the perception of higher energy efficiency, are a serious threat to hydrogen buses. Additionally, the rapid development of battery technology has also made it possible for electric buses to achieve longer ranges and quicker charging times, posing a serious threat to the development of hydrogen buses, especially in areas with well-developed electric infrastructure.

COVID-19 Impact:

The COVID-19 pandemic had a wide range of effects on the market for hydrogen buses. Due to lockdowns and restrictions, it initially caused supply chains, manufacturing, and infrastructure construction for hydrogen to be disrupted, but it also brought attention to the significance of sustainable and clean transportation. Recovery efforts following the pandemic in many areas have refocused on green initiatives, potentially accelerating investments in infrastructure and hydrogen technology. Moreover, the pandemic's effects on the economy, such as budget restrictions for municipalities and transit systems, have also slowed the market's expansion.

The Transit Buses segment is expected to be the largest during the forecast period

The hydrogen bus market's largest share belongs to the transit bus segment. Transit buses are the backbone of many cities' mass transit systems and are primarily created for urban and suburban public transportation. Moreover, population growth, urbanization, environmental concerns, and government investments in public transportation infrastructure are some of the factors that influence the demand for transit buses. The popularity of transit buses in the market is also aided by the growing focus on switching to cleaner and more sustainable transit options, such as electric and hydrogen-powered buses.

The Solid Oxide Fuel Cells segment is expected to have the highest CAGR during the forecast period

The market's highest CAGRs were being experienced by the Solid Oxide Fuel Cells (SOFCs) segment. High efficiency, fuel flexibility (they can use a variety of fuels like hydrogen, natural gas, and biogas), and suitability for both stationary and mobile applications are just a few benefits that solid oxide fuel cells have to offer. Due to these characteristics, SOFC technology for power generation, distributed energy systems, and transportation has seen an increase in interest and investment. Additionally, SOFCs' strong growth in the fuel cell market is a result of ongoing research and development projects aimed at enhancing performance and lowering costs.

Region with largest share:

The largest market share was held by the Asia-Pacific region. This dominance was primarily attributed to the quick urbanization, industrialization, and economic development in nations like China, Japan, and South Korea, which led to a rise in demand for clean energy options. These countries have made significant investments in fuel cell and hydrogen technology for a range of uses, including stationary power generation and transportation. Moreover, the expansion of the fuel cell market in the Asia-Pacific region has also been aided by government policies, incentives, and programs that promote sustainable energy and lower carbon emissions.

Region with highest CAGR:

The market's highest CAGR is anticipated to be in the European region. Germany, the United Kingdom, and France were among the European nations making significant investments in fuel cell technology for various uses. This growth was largely fueled by the European Union's determination to cut greenhouse gas emissions and become carbon neutral. Additionally, the region is seeing an increase in the use of fuel cell systems in applications like transportation, stationary power generation, and industrial processes. Europe is positioned as a high-growth region in the fuel cell market due to its focus on sustainable energy solutions and its well-developed infrastructure for hydrogen production and distribution.

Key players in the market:

Some of the key players in Hydrogen Buses Market include: Alstom, Nova Bus Corporation, SunLine Transit Agency, ElringKlinger AG, Tata Motors Limited, New Flyer Industries Inc, Evo Bus, Ballard Power Systems, Hyundai Motor Company, CaetanoBus, Hino Motors Ltd., Thor Industries, Bluebus, Toyota Motor Corporation, Daimler AG, Yutong Bus Co., Ltd, Nikola Motor Company, Volvo Group and The Lion Electric Co.

Key Developments:

In July 2023, Hyundai Motor Company unveiled its completely redesigned, all-new Santa Fe today. The fifth-generation midsize SUV maintains its characteristic nature-meets-city charm while incorporating important upgrades molded by big data and centered on the most recent outdoor lifestyle trends.

In July 2023, Alstom, global leader in smart and sustainable mobility, and Akiem European rolling stock leasing company have signed a framework contract for 100 Traxx Universal multi-system (MS3) locomotives. The firm part of the order includes 65 locomotives. The total amount of the framework agreement is up 500 million euros.

In April 2023, Saskatoon Transit signs contract with Nova Bus for first two battery-electric buses. Saskatoon Transit is taking the first step in electrifying its bus fleet by signing a contract for two Nova LFSe+ electric buses. These will be the first two permanent battery-electric buses in Saskatoon Transit's fleet and the first in Saskatchewan. The long-range battery-electric bus can travel more than 300 kilometres on a single charge.

Bus Types Covered:

• Transit Buses
• Coach Buses
• Other Bus Types

Power Outputs Covered:

• <150 kW
• 150-250 kW
• >250 kW
• Other Power Outputs

Transit Bus Models Covered:

• 30-Foot Transit Buses
• 40-Foot Transit Buses
• 60-Foot Transit Buses
• Other Transit Bus Models

Technologies Covered:

• Proton Exchange Membrane Fuel Cells
• Direct Methanol Fuel Cells
• Phosphoric Acid Fuel Cells
• Zinc-Air Fuel Cells
• Solid Oxide Fuel Cells
• Other Technologies

Applications Covered:

• Public Transportation
• Tourism
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hydrogen Buses Market, By Bus Type

• 5.1 Introduction
• 5.2 Transit Buses
• 5.3 Coach Buses
• 5.4 Other Bus Types

6 Global Hydrogen Buses Market, By Power Output

• 6.1 Introduction
• 6.2 <150 kW
• 6.3 150-250 kW
• 6.4 >250 kW
• 6.5 Other Power Outputs

7 Global Hydrogen Buses Market, By Transit Bus Model

• 7.1 Introduction
• 7.2 30-Foot Transit Buses
• 7.3 40-Foot Transit Buses
• 7.4 60-Foot Transit Buses
• 7.5 Other Transit Bus Models

8 Global Hydrogen Buses Market, By Technology

• 8.1 Introduction
• 8.2 Proton Exchange Membrane Fuel Cells
• 8.3 Direct Methanol Fuel Cells
• 8.4 Phosphoric Acid Fuel Cells
• 8.5 Zinc-Air Fuel Cells
• 8.6 Solid Oxide Fuel Cells
• 8.7 Other Technologies

9 Global Hydrogen Buses Market, By Application

• 9.1 Introduction
• 9.2 Public Transportation
• 9.3 Tourism
• 9.4 Other Applications

10 Global Hydrogen Buses Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Alstom
• 12.2 Nova Bus Corporation
• 12.3 SunLine Transit Agency
• 12.4 ElringKlinger AG
• 12.5 Tata Motors Limited
• 12.6 New Flyer Industries Inc
• 12.7 Evo Bus
• 12.8 Ballard Power Systems
• 12.9 Hyundai Motor Company
• 12.10 CaetanoBus
• 12.11 Hino Motors Ltd.
• 12.12 Thor Industries
• 12.13 Bluebus
• 12.14 Toyota Motor Corporation
• 12.15 Daimler AG
• 12.16 Yutong Bus Co., Ltd
• 12.17 Nikola Motor Company
• 12.18 Volvo Group
• 12.19 The Lion Electric Co