Hydrogen Fuel Cell Vehicle Market - Top Companies and Manufacturers

  • Report ID: 3616
  • Published Date: Jun 13, 2024
  • Report Format: PDF, PPT

Companies Dominating the Hydrogen Fuel Cell Vehicle Landscape

top-features-companies
    • General Motors Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Volvo Group
    • AUDI AG
    • Ballard Power Systems, Inc.
    • MAN SE
    • BMW Group
    • Daimler AG
    • Hyundai Motor Group

Browse Key Market Insights with Data Illustration:

In the News

  • Hyundai Motor Company unveiled its model the XCIENT Fuel Cell tractor, which is a fuel cell electric vehicle designed for the North American commercial vehicle market. This class 8 6x4 model was showcased at the Advanced Clean Transportation Expo (ACT Expo).
  • Daimler Truck AG and Volvo Group have recently announced their groundbreaking plan for the venture cellcentric, which aims to promote the adoption of hydrogen based fuel cells in long haul trucks and other applications. This marks a commitment from both companies to advance the use of this technology, in the transportation industry.

Author Credits:  Dhruv Bhatia


  • Report ID: 3616
  • Published Date: Jun 13, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of hydrogen fuel cell vehicle is evaluated at USD 2.1 Billion.

The hydrogen fuel cell vehicle market size was over USD 1.57 Billion in 2023 and is projected to exceed USD 184 Billion by the end of 2036, witnessing over 46.2% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market include higher efficiency compared to traditional internal combustion engines, lower emissions, and lower noise pollution levels.

Asia Pacific industry is anticipated to dominate 37% revenue share by 2036, impelled by increasing government initiatives and the availability of a wide range of vehicles powered by fuel cells in the region.

General Motors Company, Volvo Group, AUDI AG, Ballard Power Systems, Inc., MAN SE, BMW Group, Daimler AG, Hyundai Motor Group
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