Global Hydrogen Fuel Vehicle Market Insights, Forecast to 2028

Hydrogen fuel vehicle is a mobile vehicle with hydrogen as the main energy. Ordinary internal combustion engines are usually injected with diesel or gasoline, while hydrogen vehicles use gaseous hydrogen instead. Fuel cell and electric motor will replace the general engine. The principle of hydrogen fuel cell is to put hydrogen into the fuel cell. The electrons of hydrogen atom are blocked by proton exchange membrane, and transmitted from the negative pole to the positive pole through external circuit to drive electric motor; However, protons can be combined with oxygen through proton exchange membrane to form pure water mist.
Market Analysis and Insights: Global Hydrogen Fuel Vehicle Market
Due to the COVID-19 pandemic, the global Hydrogen Fuel Vehicle market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Hydrogen Powered Vehicle accounting for % of the Hydrogen Fuel Vehicle global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Home Use segment is altered to an % CAGR throughout this forecast period.
China Hydrogen Fuel Vehicle market size is valued at US$ million in 2021, while the US and Europe Hydrogen Fuel Vehicle are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Hydrogen Fuel Vehicle landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Hydrogen Fuel Vehicle include Honda, Hyundai, Toyota, Shenlong Bus, MAXUS （SAIC）, Zhongtong Bus, FeiChi Bus, Yutong Bus and Golden Dragon. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Hydrogen Fuel Vehicle capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Hydrogen Fuel Vehicle by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Hydrogen Fuel Vehicle Scope and Segment
Hydrogen Fuel Vehicle market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Hydrogen Fuel Vehicle market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Hydrogen Powered Vehicle
Hybrid Electric Vehicle
Segment by Application
Home Use
Commercial Use
By Company
Honda
Hyundai
Toyota
Shenlong Bus
MAXUS （SAIC）
Zhongtong Bus
FeiChi Bus
Yutong Bus
Golden Dragon
Production by Region
Japan
South Korea
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E