Global Fuel Cell Buses Market

Global Fuel Cell Buses Market Size, Trends & Analysis - Forecasts to 2026 By Component (Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), By Power Output (Upto 400 KWH, Above 400 KWH), By Deployment (Battery Dominant, On Route Charge, Plug-in Charge), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Automotive & Transportation
Format
  • ms word
  • ms excel
  • ms ppt
  • pdf
This report was recently updated on August 2 2022 with the latest and most recent market numbers

Fuel Cell Buses Market Insights

The rising penetration of clean vehicles along with the necessity to curb air pollution has influenced the Global Fuel Cell Buses Market Growth. The industry is a viable solution to enhance and improvise the face of public transportation in diversified regions. Increasing road traffic along with the high consumption of petrol has induced the adoption of these sustainable alternatives. Global Fuel Cell Buses Market is expected to observe over 25% CAGR up to 2026, with the Asia Pacific leading the market and accounting for over 35% share in 2019. Increasing necessity to streamline public transportation in terms of traffic management, pollution control, and cost optimization, in the long run, are major factors to drive industrial growth.

global fuel cell buses market

Fuel Cell Buses Market: By Component

Fuel stack, power conditioner, fuel processor, humidifier, and air compressor are the major components in the Fuel Cell Buses. Each year, transportation companies and vehicle manufacturers spend a huge amount of money to develop zero-emission vehicles and components. Efficiency, cost optimization, performance, protection, and environmental safety are the prime agenda to invest in these technologies. The stack segment is expected to dominate the industry revenue share by 2026, followed by the air compressors. 

Fuel Cell Buses Market: By Power Output

By power output, the market is divided into up to 400 KWH and above 400 KWH. The power output above 400 KWH is expected to dominate the industry during the forecast period. Wide coverage, better performance, and long-term profitability are the major factors to drive demand in this segment. The public transportation industry is still observing the high demand for more powered vehicles with large seating capacity. Increased necessity to incorporate zero-emission public vehicles to safeguard the environment and improvise the road traffic will support the market penetration in this segment.

Vehicles with up to 400 KWH capacity will observe stagnant growth up to 2026. Rising requirements to develop the internal transportation facility and appropriate transportation infrastructure in the campuses are major causes to drive adoption in this segment.

Fuel Cell Buses Market: By Deployment

By deployment, the market is categorized into battery dominant, on route charge, and plug-in charge. Battery dominant vehicles are said to be the cost-effective solution in the industry as they help in optimizing cost with long-term operationality. The on-route charge is effective for short-duration tips as the user has to find the refueling station after the trip. The plug-in charge is also said to be an effective solution in saving the cost and time of the user. The industry is into its development stage, the adoption of the different deployments depends on the manufacturing companies and their products. The deployment also depends on the refueling infrastructure present in the particular region or state.

asia pacific fuel cell buses market

Fuel Cell Buses Market: By Region

The Asia Pacific Fuel Cell Buses Market is expected to lead the regional revenue share. The region is projected to hold more than a 35% share by 2026. High potential due to increasing home production of zero-emission vehicles along with increasing necessity to reduce the air pollution in various APAC countries. China, South Korea, Japan, India, Australia, and Singapore will be the major contributing countries. Government support to invest in electric vehicles along with the necessity to upgrade public transportation to control traffic management are the major factors to drive demand in this region. The aforementioned countries are investing and capitalizing heavily on air pollution control and advanced transportation methods.

The North American market will witness significant gains up to 2026. The presence of infrastructure supporting emission-free vehicles along with government intervention promoting these transportation facilities will induce regional industry growth. The U.S. is already a potential market for these vehicles due to its early adoption of commercializing these vehicles in various states. Moreover, the presence of multiple companies providing the services in the country accompanied by regulatory support to encourage eco-friendly transportation will proliferate the regional growth.

The European transportation industry is highly inclined towards eco-friendly alternatives to curb pollution. The region is also a big supporter of public transportation. Thus, the introduction of these vehicles will open lucrative opportunities in the region. As of January 2021, more than 200 hydrogen-based buses were ordered for multiple European countries and regions such as the UK, France, Spain, Netherlands, and Denmark.

Fuel Cell Buses Company Market Share and Competitor Analysis

Global Company Market Share is consolidated and competitive. As of now, few companies are into the commercialization of these vehicles. The majority of the manufacturers are on the verge to commercialize the vehicle. However, changing industry dynamics and increasing investment in the automotive industry will result in new market entrants during the forecast period.

Key identified industry participants include New Flyer Industries, SunLine Transit, Wuhan Skywell, Wuhan Tiger, NovaBus Corporation, EvoBus, MAN, Van Hool, Hino Motors Ltd., Alexander Dennis, Caetano Bus, Rampini, Safra, Solaris, URSUS Bus, VDL, Wrightbus, Hyundai, Dolomitech, TATA, Skoda, Hyzon Motors, Mercedez, and Flixbus.

Please note: This is not an exhaustive list of companies profiled in the report.

Strategic collaboration with the government and public transportation bodies accompanied by technological advancement to reduce the overall operation cost is the prime focus of the major industry participants.

Chapter 1   Methodology

1.1    Market scope & definitions

1.2    Estimates & forecast calculation

1.3    Historical data overview and validation

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Fuel Cell Buses industry overview, 2019-2026

2.1.1    Industry overview

2.1.2    Component overview

2.1.3    Power output overview

2.1.4    Deployment overview

2.1.5    Regional overview

Chapter 3   Fuel Cell Buses Market Trends

3.1    Market segmentation

3.2    Industry background, 2019-2026

3.3    Market key trends

3.3.1    Positive trends

3.3.2    Industry challenges

3.4    Prospective growth scenario

3.5    COVID-19 influence over industry growth

3.6    Porter’s analysis

3.7    PESTEL analysis

3.8    Value chain & supply chain analysis

3.9    Regulatory framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    Technology overview

3.11    Market share analysis, 2020

3.11.1    Company positioning overview, 2020

Chapter 4   Fuel Cell Buses Market, By Component

4.1    Type Outlook

4.2    Fuel Stack

4.2.1    Market size, by region, 2019-2026 (USD Million)

4.3    Fuel Processor

4.3.1    Market size, by region, 2019-2026 (USD Million)

4.4    Power Conditioner

4.4.1    Market size, by region, 2019-2026 (USD Million)

4.5    Air Compressor

4.5.1    Market size, by region, 2019-2026 (USD Million)

4.6    Humidifier

4.6.1    Market size, by region, 2019-2026 (USD Million)

Chapter 5   Fuel Cell Buses Market, By Power Output

5.1    Power Output Outlook

5.2    Upto 400 KW

5.2.1    Market size, by region, 2019-2026 (USD Million)

5.3    Above 400 KW

5.3.1    Market size, by region, 2019-2026 (USD Million)

Chapter 6   Fuel Cell Buses Market, By Deployment

6.1    Deployment Outlook

6.2    Battery dominant

6.2.1    Market size, by region, 2019-2026 (USD Million)

6.3    On route charge

6.3.1    Market size, by region, 2019-2026 (USD Million)

6.4    Plug in charge

6.4.1    Market size, by region, 2019-2026 (USD Million)

Chapter 7   Robotic Process Automation Market, By Region

7.1    Regional outlook

7.2    North America

7.2.1    Market size, by country 2019-2026 (USD Million)

7.2.2    Market size, by component, 2019-2026 (USD Million)

7.2.3    Market size, by power output, 2019-2026 (USD Million)

7.2.4    Market size, by deployment, 2019-2026 (USD Million)

7.2.5    U.S.

7.2.5.1    Market size, by component, 2019-2026 (USD Million)

7.2.5.2    Market size, by power output, 2019-2026 (USD Million)

7.2.5.3    Market size, by deployment, 2019-2026 (USD Million)

7.2.6    Canada

7.2.6.1    Market size, by component, 2019-2026 (USD Million)

7.2.6.2    Market size, by power output, 2019-2026 (USD Million)

7.2.6.3    Market size, by deployment, 2019-2026 (USD Million)

7.3    Europe

7.3.1    Market size, by country 2019-2026 (USD Million)

7.3.2    Market size, by component, 2019-2026 (USD Million)

7.3.3    Market size, by power output, 2019-2026 (USD Million)

7.3.4    Market size, by deployment, 2019-2026 (USD Million)

7.3.5    Germany

7.2.5.1    Market size, by component, 2019-2026 (USD Million)

7.2.5.2    Market size, by power output, 2019-2026 (USD Million)

7.2.5.3    Market size, by deployment, 2019-2026 (USD Million)

7.3.6    UK

7.3.6.1    Market size, by component, 2019-2026 (USD Million)

7.3.6.2    Market size, by power output, 2019-2026 (USD Million)

7.3.6.3    Market size, by deployment, 2019-2026 (USD Million)

7.3.7    France

7.3.7.1    Market size, by component, 2019-2026 (USD Million)

7.3.7.2    Market size, by power output, 2019-2026 (USD Million)

7.3.7.3    Market size, by deployment, 2019-2026 (USD Million)

7.3.8    Italy

7.3.8.1    Market size, by component, 2019-2026 (USD Million)

7.3.8.2    Market size, by power output, 2019-2026 (USD Million)

7.3.8.3    Market size, by deployment, 2019-2026 (USD Million)

7.4    Asia Pacific

7.4.1    Market size, by country 2019-2026 (USD Million)

7.4.2    Market size, by component, 2019-2026 (USD Million)

7.4.3    Market size, by power output, 2019-2026 (USD Million)

7.4.4    Market size, by deployment, 2019-2026 (USD Million)

7.4.5    China

7.4.5.1    Market size, by component, 2019-2026 (USD Million)

7.4.5.2    Market size, by power output, 2019-2026 (USD Million)

7.4.5.3    Market size, by deployment, 2019-2026 (USD Million)

7.4.6    India

7.4.6.1    Market size, by component, 2019-2026 (USD Million)

7.4.6.2    Market size, by power output, 2019-2026 (USD Million)

7.4.6.3    Market size, by deployment, 2019-2026 (USD Million)

7.4.7    Japan

7.4.7.1    Market size, by component, 2019-2026 (USD Million)

7.4.7.2    Market size, by power output, 2019-2026 (USD Million)

7.4.7.3    Market size, by deployment, 2019-2026 (USD Million)

7.4.8    Australia

7.4.8.1    Market size, by component, 2019-2026 (USD Million)

7.4.8.2    Market size, by power output, 2019-2026 (USD Million)

7.4.8.3    Market size, by deployment, 2019-2026 (USD Million)

7.4.9    South Korea

7.4.9.1    Market size, by component, 2019-2026 (USD Million)

7.4.9.2    Market size, by power output, 2019-2026 (USD Million)

7.4.9.3    Market size, by deployment, 2019-2026 (USD Million)

7.5    Latin America

7.5.1    Market size, by country 2019-2026 (USD Million)

7.5.2    Market size, by component, 2019-2026 (USD Million)

7.5.3    Market size, by power output, 2019-2026 (USD Million)

7.5.4    Market size, by deployment, 2019-2026 (USD Million)

7.5.5    Brazil

7.5.5.1    Market size, by component, 2019-2026 (USD Million)

7.5.5.2    Market size, by power output, 2019-2026 (USD Million)

7.5.5.3    Market size, by deployment, 2019-2026 (USD Million)

7.5.6    Mexico

7.5.6.1    Market size, by component, 2019-2026 (USD Million)

7.5.6.2    Market size, by power output, 2019-2026 (USD Million)

7.5.6.3    Market size, by deployment, 2019-2026 (USD Million)

7.6    MEA

7.6.1    Market size, by country 2019-2026 (USD Million)

7.6.2    Market size, by component, 2019-2026 (USD Million)

7.6.3    Market size, by power output, 2019-2026 (USD Million)

7.6.4    Market size, by deployment, 2019-2026 (USD Million)

7.6.5    Saudi Arabia

7.6.5.1    Market size, by component, 2019-2026 (USD Million)

7.6.5.2    Market size, by power output, 2019-2026 (USD Million)

7.6.5.3    Market size, by deployment, 2019-2026 (USD Million)

7.6.6    UAE

7.6.6.1    Market size, by component, 2019-2026 (USD Million)

7.6.6.2    Market size, by power output, 2019-2026 (USD Million)

7.6.6.3    Market size, by deployment, 2019-2026 (USD Million)

Chapter 8   Company Landscape

8.1    Competitive analysis, 2020

8.2    New Flyer Industries

8.2.1    Company overview

8.2.2    Financial analysis

8.2.3    Strategic positioning

8.2.4    Info graphic analysis

8.3    SunLine Transit

8.3.1    Company overview

8.3.2    Financial analysis

8.3.3    Strategic positioning

8.3.4    Info graphic analysis

8.4    Wuhan Skywell

8.4.1    Company overview

8.4.2    Financial analysis

8.4.3    Strategic positioning

8.4.4    Info graphic analysis

8.5    Wuhan Tiger

8.5.1    Company overview

8.5.2    Financial analysis

8.5.3    Strategic positioning

8.5.4    Info graphic analysis

8.6    NovaBus Corporation (a subsidiary of Volvo)

8.6.1    Company overview

8.6.2    Financial analysis

8.6.3    Strategic positioning

8.6.4    Info graphic analysis

8.7    EvoBus (a Daimler Chrysler company)

8.7.1    Company overview

8.7.2    Financial analysis

8.7.3    Strategic positioning

8.7.4    Info graphic analysis

8.8    MAN          

8.8.1    Company overview

8.8.2    Financial analysis

8.8.3    Strategic positioning

8.8.4    Info graphic analysis

8.9    Van Hool

8.9.1    Company overview

8.9.2    Financial analysis

8.9.3    Strategic positioning

8.9.4    Info graphic analysis

8.10    Hino Motors Ltd. (Toyota subsidiary)

8.10.1    Company overview

8.10.2    Financial analysis

8.10.3    Strategic positioning

8.10.4    Info graphic analysis

8.11    Alexander Dennis

8.11.1    Company overview

8.11.2    Financial analysis

8.11.3    Strategic positioning

8.11.4    Info graphic analysis

8.12    Caetano Bus

8.12.1    Company overview

8.12.2    Financial analysis

8.12.3    Strategic positioning

8.12.4    Info graphic analysis

8.13    Rampini

8.13.1    Company overview

8.13.2    Financial analysis

8.13.3    Strategic positioning

8.13.4    Info graphic analysis

8.14    Safra

8.14.1    Company overview

8.14.2    Financial analysis

8.14.3    Strategic positioning

8.14.4    Info graphic analysis

8.15    Solaris

8.15.1    Company overview

8.15.2    Financial analysis

8.15.3    Strategic positioning

8.15.4    Info graphic analysis

8.16    URSUS Bus

8.16.1    Company overview

8.16.2    Financial analysis

8.16.3    Strategic positioning

8.16.4    Info graphic analysis

8.17    VDL

8.17.1    Company overview

8.17.2    Financial analysis

8.17.3    Strategic positioning

8.17.4    Info graphic analysis

8.18    Wrightbus

8.18.1    Company overview

8.18.2    Financial analysis

8.18.3    Strategic positioning

8.18.4    Info graphic analysis

8.19    Hyundai

8.19.1    Company overview

8.19.2    Financial analysis

8.19.3    Strategic positioning

8.19.4    Info graphic analysis

8.20    Dolomitech

8.20.1    Company overview

8.20.2    Financial analysis

8.20.3    Strategic positioning

8.20.4    Info graphic analysis

8.21    TATA

8.21.1    Company overview

8.21.2    Financial analysis

8.21.3    Strategic positioning

8.21.4    Info graphic analysis

8.22    Skoda

8.22.1    Company overview

8.22.2    Financial analysis

8.22.3    Strategic positioning

8.22.4    Info graphic analysis

8.23    Hyzon Motors

8.23.1    Company overview

8.23.2    Financial analysis

8.23.3    Strategic positioning

8.23.4    Info graphic analysis

8.24    Mercedez

8.24.1    Company overview

8.24.2    Financial analysis

8.24.3    Strategic positioning

8.24.4    Info graphic analysis

8.25    Flixbus

8.25.1    Company overview

8.25.2    Financial analysis

8.25.3    Strategic positioning

8.25.4    Info graphic analysis

The Global Fuel Cell Buses Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Fuel Cell Buses Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

We value your investment and offer free customization with every report to fulfil your exact research needs.
This website is secure and your personal details are safe. Privacy

Frequently Asked Questions

The global fuel cell buses market size is projected to grow at a CAGR of 25% during the forecast period.
Key and innovative vendors in the fuel cell buses market include New Flyer Industries, SunLine Transit, Wuhan Skywell, Wuhan Tiger, NovaBus Corporation, EvoBus, MAN, Van Hool, Hino Motors Ltd., Alexander Dennis, Caetano Bus, Rampini, Safra, Solaris, URSUS Bus, VDL, Wrightbus, Hyundai, Dolomitech, TATA, Skoda, Hyzon Motors, Mercedez, and Flixbus.
The Asia Pacific region is estimated to hold the highest market share in the fuel cell buses market.
Globally, the Covid-19 impact on the future fuel cell buses market will be quite significant for the manufacturers since demand has fluctuated owing to lockdown in key nations throughout the world. Asia Pacific would be leading because of the increasing home production of zero-emission vehicles along with the increasing necessity to reduce air pollution in various APAC countries. The North American market will witness significant growth because of the presence of infrastructure supporting emission-free vehicles along with government intervention promoting these transportation facilities.
The major driving factors for the fuel cell buses market include the increasing necessity to streamline public transportation in terms of traffic management, pollution control, and cost optimization, in the long run.

Tailor made solutions just for you

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

OUR CLIENTS

  • Client of Global Market Estimates - Fedex
  • Client of Global Market Estimates - Samsung
  • Client of Global Market Estimates - Siemens
  • Client of Global Market Estimates - Lonza
  • Client of Global Market Estimates - DuPont
  • Client of Global Market Estimates - Medtronic
  • Client of Global Market Estimates - Toray
  • Client of Global Market Estimates - Signify
  • Client of Global Market Estimates - Teledyne
  • Client of Global Market Estimates - Trelleborg
  • Client of Global Market Estimates - Kikkoman Biochemifa
  • Client of Global Market Estimates - Leoni
  • Client of Global Market Estimates - Molnlycke
  • Client of Global Market Estimates - Spirent
  • Client of Global Market Estimates - Tokyo Electron Limited
  • Client of Global Market Estimates - Aranca
  • Client of Global Market Estimates - Asahi Kasei
  • Client of Global Market Estimates - Chimai
  • Client of Global Market Estimates - Grapsud
  • Client of Global Market Estimates - Horiba
  • Client of Global Market Estimates - Indorama
  • Client of Global Market Estimates - L&T
  • Client of Global Market Estimates - Integralife
  • Client of Global Market Estimates - Synamedia
  • Client of Global Market Estimates - Sorrento Therapeutics
  • Client of Global Market Estimates - Solenis
  • Client of Global Market Estimates - Sartorius