Hydrogen Buses Market to grow at a CAGR of 3.8 percent reaching USD 831 Mn during the forecast period

(USGovernment-News.Com, July 11, 2023 ) The “Hydrogen Buses Market” was valued USD 598 Mn in 2022 and is expected to grow at a CAGR of 3.8 percent over the forecast period to reach USD 831 Mn by 2029.

Hydrogen Buses Market Scope and Research Methodology

The report is an analysis of the Hydrogen Buses Market covering major aspects such as segments, country-wise, and region-wise. The report is a detailed analysis of the Hydrogen Buses Market by country, regional and global presence. The primary and secondary research method was used to gather data from the Hydrogen Buses market.

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Hydrogen Buses Market Dynamics

Increased demand for clean energy solutions with a reduction in greenhouse gases emission are expected to boost the Hydrogen Buses market growth. The high cost of Hydrogen fuel cell technology is expected to limit the market growth. Growth in the tourism industry presents a lucrative opportunity for market growth.

Hydrogen Buses Market Regional Insight

Asia Pacific region is expected to boost the Hydrogen Buses market growth over the forecast period. Increasing urbanization with growing concern about air pollution is expected to boost the regional market growth.

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Hydrogen Buses Market Segmentation

By Technology:

Proton Exchange Membrane Fuel Cells

Direct Methanol Fuel Cells

Phosphoric Acid Fuel Cells

Zinc-Air Fuel Cells

By Transit Bus Models

30-Foot Transit Buses

40-Foot Transit Buses

50-Foot Transit Buses

Hydrogen Buses Market Key Players Include

Alstom(France)

Ballard Power Systems(Canada)

Bluebus(Brazil)

CaetanoBus(Portugal)

Daimler AG(Netherlands)

ElringKlinger AG(Germany)

FlixBus(Germany)

Hino Motors(Japan)

Hyundai Motor Company(South Korea)

Iveco(Italy)

MAN Truck & Bus (France)

McPhy Energy S.A.(Canada)

New Flyer Industries Inc.(USA)

Nikola Motor Company(USA)

Solaris Bus & Coach(Poland)

Stellantis(Netherlands)

Tata Motors(India)

The Lion Electric Co.(Canada)

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Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Bus Chassis Market : The market size is expected to reach USD 2.09 Bn by 2029 at a CAGR of 3.4 percent during the forecast period.

Solar Bus Market : The total market size is expected to reach USD 15.16 Bn by 2029 at a CAGR of 21.855 percent over the forecast period.

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Source: EmailWire.Com

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