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Global Hydrogen Powered Bicycles Market | By End Use (Rentals Operators, Courier & Delivery Companies, Municipal Fleet and Others) 2017 - 2025
Hydrogen Powered Bicycles Market
Climate protection and environment conservation is one of the central issues around the globe which emphasis on clean energy. Many organizations are working on replacing fossil fuels and other non-renewable energy sources with clean energy. Solar, wind and water are the examples of clean energy. By electrolyzing process water can be split into Hydrogen and Oxygen. Hydrogen can be further use as a fuel to generate power. In the case of bicycle, hydrogen from the tank is fed to the fuel cell and Oxygen from air combines with hydrogen. Resultant electricity runs the bicycles motor and emission from this process is water vapors.
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The most recent news on this is that the Pragma Industries, a French start up moved towards the series production of Hydrogen powered bicycles. Hydrogen powered bicycles are way better than the E-Bikes. E-Bikes run on the lithium ion or lead acid traction battery which takes hours to charge and has a limited lifespan. Hydrogen cylinder requires time in minutes at hydrogen filling stations. Hydrogen powered bicycles runs up to 100 km on flat road with two liter hydrogen. Linde group headquartered in Munich offers an easier refilling solution by selling hydrogen cylinders to fill the tank at home. Pragma industries is also working on a bike that will convert plain water into hydrogen aboard the bike, using a chemical reaction between water and aluminum or magnesium powder to produce hydrogen gas.
Need for clean energy is the major driver for growth of this market. There are many countries which announced ban on petrol-diesel vehicles in coming years. Easy refilling, cost effective nature, low maintenance, zero emissions are some of the growth drivers for this market. Lack of proven technology, high cost, and low awareness about hydrogen as a fuel among customers is some of the restraints for growth of this market.
Segmentation:
Hydrogen powered bicycle market can be segmented on the basis of applications, includes the bike rentals operators, corporate fleets, courier & delivery companies, Municipal Fleet and others. Pragma industries have started its production for B2B segment, and are planning to enter the consumer market in next three years.
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Regional Analysis:
In terms of geography market is divided into North America, Europe, Asia-Pacific and LAMEA. Europe is expected to be the largest market for hydrogen powered bicycles owing to advanced technology and existence of only industry that currently active in the manufacturing of hydrogen powered bicycles and other one is Linde Group working in direction of clean energy vehicle. Manhattan Scientifics in North America is constantly putting efforts in the same direction. Asia Pacific is expected to be the fastest growing market due to increased demand from emerging economies such as India & China and growing demand for alternative options as natural resources are getting exhausted. In addition two market players in Asian-Pacific region Pearl hydrogen and Honda present in china and japan respectively is continuously conducting research in order to develop hydrogen powered bicycles.
Key Players:
The players who are in this market and can enter into this market are Pragma Industries, Linde Group, Pearl Hydrogen, Manhattan Scientifics, Honda and others. Currently only Pragma has started factory production for hydrogen powered bicycles.
Global Hydrogen Powered Bicycles Segmentation:
By End-User:
• Bike Rentals Operators
• Corporate Fleets
• Courier & Delivery
• Municipal Fleets
• Others
By Geographyphy:
• North America
o U.S.
o Canada
o Mexico
o Europe
• UK
o Germany
o France
o Italy
o Spain
o Turkey
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Key Market Players:
• Honda
• Linde Group
• Manhattan Scientifics
• Pearl Hydrogen
• Pragma Industries
Know More | Full Report Link @ http://garnerinsights.com/Hydrogen-Powered-Bicycles-Market---Global-Market-Synopsis-Growth-Factors-Industry-Segmentation-Regional-Analysis-and-Competitive-Analysis-2017---2025#description
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