The Impact of COVID-19 is included in Fuel Cell Bus Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Fuel Cell Bus Trends and Forecast
The future of the global fuel cell bus market looks promising with opportunities in the proton exchange membrane fuel cells, direct methanol fuel cells, phosphoric acid fuel cells, zinc-air fuel cells, and solid oxide fuel cells markets. The global fuel cell bus market is expected to grow with a CAGR of 43.5% from 2024 to 2030. The major drivers for this market are hydrogen-based fuel system provides greater energy density when compared to alternative electrical storage systems and within 7-8 minutes of refueling, they supply enough fuel to sustain the vehicle for a 24-hour period.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fuel Cell Bus by Segment
The study includes a forecast for the global fuel cell bus by type, power output, transit bus models, and region.
Fuel Cell Bus Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Proton Exchange Membrane
• Direct Methanol
• Phosphoric Acid
• Zinc-Air
• Solid Oxide
Fuel Cell Bus Market by Power Output [Shipment Analysis by Value from 2018 to 2030]:
• <150 KW
• 150–250 KW
• >250 KW
Fuel Cell Bus Market by Transit Bus Models [Shipment Analysis by Value from 2018 to 2030]:
• 30 Foot Transit Buses
• 40 Foot Transit Buses
• 60 Foot Transit Buses
Fuel Cell Bus Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fuel Cell Bus Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fuel cell bus companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fuel cell bus companies profiled in this report include-
• Tata Motors
• Thor Industries
• Irisbus
• Cummins
• Ballard Power Systems
• Novabus
• New Flyer Industries
• EvoBus
• Man
• Van Hool
Fuel Cell Bus Market Insights
Lucintel forecasts that <150 KW is expected to witness highest growth over the forecast period due to sales volume for fuel cells with a power rating below 150 KW is greater.
Within this market, proton exchange membrane fuel cells will remain the highest segment due to most effective for powering fuel cell buses.
Europe is expected to witness largest growth over the forecast period due to region has a notable presence of leading fuel cell bus manufacturers, a keen awareness of the latest electric vehicle technologies, and a widespread adoption of passenger electric vehicles.
Features of the Global Fuel Cell Bus Market
Market Size Estimates: Fuel cell bus market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fuel cell bus market size by type, power output, transit bus models, and region in terms of value ($B).
Regional Analysis: Fuel cell bus market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, power output, transit bus models, and regions for the fuel cell bus market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fuel cell bus market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for fuel cell bus market?
Answer: The global fuel cell bus market is expected to grow with a CAGR of 43.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the fuel cell bus market?
Answer: The major drivers for this market are hydrogen-based fuel system provides greater energy density when compared to alternative electrical storage systems and within 7-8 minutes of refueling, they supply enough fuel to sustain the vehicle for a 24-hour period.
Q3. What are the major segments for fuel cell bus market?
Answer: The future of the fuel cell bus market looks promising with opportunities in the proton exchange membrane fuel cells, direct methanol fuel cells, phosphoric acid fuel cells, zinc-air fuel cells, and solid oxide fuel cells markets.
Q4. Who are the key fuel cell bus market companies?
Answer: Some of the key fuel cell bus companies are as follows:
• Tata Motors
• Thor Industries
• Irisbus
• Cummins
• Ballard Power Systems
• Novabus
• New Flyer Industries
• EvoBus
• Man
• Van Hool
Q5. Which fuel cell bus market segment will be the largest in future?
Answer: Lucintel forecasts that <150 KW is expected to witness highest growth over the forecast period due to sales volume for fuel cells with a power rating below 150 KW is greater.
Q6. In fuel cell bus market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness largest growth over the forecast period due to region has a notable presence of leading fuel cell bus manufacturers, a keen awareness of the latest electric vehicle technologies, and a widespread adoption of passenger electric vehicles.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fuel cell bus market by type (proton exchange membrane, direct methanol, phosphoric acid, zinc-air, and solid oxide), power output (<150 KW, 150–250 KW, and >250 KW), transit bus models (30 foot transit buses, 40 foot transit buses, and 60 foot transit buses), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fuel Cell Bus Market, Fuel Cell Bus Market Size, Fuel Cell Bus Market Growth, Fuel Cell Bus Market Analysis, Fuel Cell Bus Market Report, Fuel Cell Bus Market Share, Fuel Cell Bus Market Trends, Fuel Cell Bus Market Forecast, Fuel Cell Bus Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Fuel Cell Bus Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Fuel Cell Bus Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Fuel Cell Bus Market by Type
3.3.1: Proton Exchange Membrane
3.3.2: Direct Methanol
3.3.3: Phosphoric Acid
3.3.4: Zinc-Air
3.3.5: Solid Oxide
3.4: Global Fuel Cell Bus Market by Power Output
3.4.1: <150 KW
3.4.2: 150–250 KW
3.4.3: >250 KW
3.5: Global Fuel Cell Bus Market by Transit Bus Models
3.5.1: 30 Foot Transit Buses
3.5.2: 40 Foot Transit Buses
3.5.3: 60 Foot Transit Buses
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Fuel Cell Bus Market by Region
4.2: North American Fuel Cell Bus Market
4.2.2: North American Fuel Cell Bus Market by Power Output: <150 KW, 150–250 KW, and >250 KW
4.3: European Fuel Cell Bus Market
4.3.1: European Fuel Cell Bus Market by Type: Proton Exchange Membrane, Direct Methanol, Phosphoric Acid, Zinc-Air, and Solid Oxide
4.3.2: European Fuel Cell Bus Market by Power Output: <150 KW, 150–250 KW, and >250 KW
4.4: APAC Fuel Cell Bus Market
4.4.1: APAC Fuel Cell Bus Market by Type: Proton Exchange Membrane, Direct Methanol, Phosphoric Acid, Zinc-Air, and Solid Oxide
4.4.2: APAC Fuel Cell Bus Market by Power Output: <150 KW, 150–250 KW, and >250 KW
4.5: ROW Fuel Cell Bus Market
4.5.1: ROW Fuel Cell Bus Market by Type: Proton Exchange Membrane, Direct Methanol, Phosphoric Acid, Zinc-Air, and Solid Oxide
4.5.2: ROW Fuel Cell Bus Market by Power Output: <150 KW, 150–250 KW, and >250 KW
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Fuel Cell Bus Market by Type
6.1.2: Growth Opportunities for the Global Fuel Cell Bus Market by Power Output
6.1.3: Growth Opportunities for the Global Fuel Cell Bus Market by Transit Bus Models
6.1.4: Growth Opportunities for the Global Fuel Cell Bus Market by Region
6.2: Emerging Trends in the Global Fuel Cell Bus Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Fuel Cell Bus Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Fuel Cell Bus Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Tata Motors
7.2: Thor Industries
7.3: Irisbus
7.4: Cummins
7.5: Ballard Power Systems
7.6: NovaBus
7.7: New Flyer Industries
7.8: EvoBus
7.9: MAN
7.10: Van Hool
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Fuel Cell Bus Market Report.