openPR Logo
Press release

High demand from transportation and aviation industry boosting growth of hydrogen vehicle market

04-29-2021 11:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

The rising concern regarding global warming and greenhouse gas emissions have led to government initiatives encouraging the development of zero emission vehicles by various players in the automotive industry and a gradual shift from fossil fuel to renewable energy has reshaped the landscape.

In a bid to improve fuel efficiency, there has been a rise in R&D activity for the development of fuel cell technology for commercial purposes, with automotive players looking into hydrogen vehicles as an avenue to explore.

The preference of consumers is also gradually shifting towards cars that have a smaller or no carbon footprint, even as the awareness of the impact of air pollution rises among people.

Both these factors are likely to have a significant impact on the growth of the global hydrogen vehicle market.

To get in-depth information view the report
https://www.factmr.com/report/685/hydrogen-vehicle-market

The advantages of hydrogen vehicles for the stakeholders in the industry and the consumers in the market, like fuel efficiency, zero-emission and reduced oil dependency.

The growth of the hydrogen vehicle market is likely to be restrained by factors that include the danger of being unable to detect the leakage of hydrogen and high flammability, and the high cost of the vehicles and the infrastructure needed to refuel them as well.

Despite these restraints, the growing demand for hydrogen fuel cell vehicles, is expected to drive the hydrogen vehicle market forward.

Global Hydrogen Vehicle Market: Snapshot

The global hydrogen vehicle market is foreseen to increase growth while riding on important changes caused due to shifts in competitive powers, acceleration of technological innovation, and improving customer expectations.

It could bank on increased funding and commitments for the development and commercialization of refueling infrastructure. The new trend of performing extensive research and development for fuel efficiency is expected to set the tone for valuable growth of the market.

Request for Sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=685

Large emphasis on innovation of products in the automotive sector could emerge as a strong factor augmenting the demand in the market.

Unrivaled leadership in hydrogen infrastructure and fuel cell vehicle (FCV) incentives attained by the U.S. is foretold to push the North America hydrogen vehicle market in the coming years. California is desperately looking to become the first state in the world to see commercial zero-emission FCVs running on its roadways.

On the other hand, Asia Pacific is prognosticated to take advantage of the significant production and demand for automobiles to gain growth in the market. South Korea and Japan could continue to provide support for fuel cell technology.

High demand for passenger cars is envisaged to create rewarding market opportunities in the near future.

In its newly compiled research report, Fact.MR provides valuable perspectives on the global hydrogen vehicle market and crucial information pertaining to its growth prospects.

Valuable insights compiled in the research report highlight the impact of technological developments on the demand for hydrogen vehicles and various opportunities and challenges for manufacturers.

Based on the recent market developments and trends identified in the global market, the research report offers accurate forecast and analysis on the hydrogen vehicle market.

The research report serves as a comprehensive business document for the major market participants identified in the global hydrogen vehicle market. Some of the leading participants operating in the global market include Ballard Power System, GM Hydrogenics, FuelCell Energy, Daimler AG.

Other prominent market participants identified in the global market include Toyota, Hyundai, BMW, Audi, and Honda. The report provides insightful data pertaining to various marketing strategies adopted by the leading market players over the coming years.

Request Full Report With TOC
https://www.factmr.com/connectus/sample?flag=T&rep_id=685

Gradual shift from gasoline and fuel towards hydrogen is redefining the energy system globally. As governments in various countries are pushing for environment-friendly fuel solutions, the leading automotive manufacturers such as Toyota and Daimler SA are concentrating on adopting hydrogen fuel cells in the vehicles.

Hydrogen fuel cells are increasingly gaining popularity among the leading automotive companies such as BMW and Audi as they offers higher efficiency and low heat transmission.

Hydrogen Vehicle Market: Demand to Remain Concentrated in the Transportation and Aviation Industry

Transportation system across the globe entirely depends on fossil fuels, which leads to increasing emission of carbon dioxide in the environment. Increased emission of carbon dioxide can adversely impact human health, and lead to an increase in the prevalence of chronic diseases.

In order to implement environment-friendly solutions, governments across countries are pushing the automotive manufacturers to adopt relatively cleaner fuels, such as hydrogen fuel cells.

Incorporation of hydrogen fuel cells in the automotive industry can lower emission levels, reduce greenhouse effect, and offer enhanced driving experience.

With the growing emphasis on decarbonization by the ruling authorities in various countries, leading manufacturers are also diversifying their focus towards developing hydrogen fuel cells for aircraft and ships.

To offer improved services, major manufacturers such as Airbus and Hyundai in the aviation and shipping industry are utilizing battery cells and hydrogen for effective outcome and improved efficiency of the aircraft and ships.

Governments in both developing and developed countries are significantly pushing leading manufacturers to use hydrogen vehicles as it lowers the dependence on other oil imports, while augmenting the domestic energy production.

Click here to Pre Book Report
https://www.factmr.com/checkout/685/S

Hydrogen Vehicle Market: Collaborations and Partnerships to Create Growth Opportunities

On account of increase in the number of hydrogen fuel cell-powered vehicles, demand for hydrogen refueling stations has witnessed a surge. Capitalizing on the growing requirement, leading companies are focusing on investing their efforts in developing hydrogen refueling station across countries.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Website : https://www.factmr.com/

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release High demand from transportation and aviation industry boosting growth of hydrogen vehicle market here

News-ID: 2277342 • Views:

More Releases from Fact.MR

Global Data Catalog Market to Explode to $12.3 Billion by 2035, Driven by AI and Data Governance Mandates
Global Data Catalog Market to Explode to $12.3 Billion by 2035, Driven by AI and …
The global Data Catalog Market is undergoing a rapid, technology-driven transformation, shifting its role from a passive metadata repository to an intelligent, active data intelligence platform. Propelled by the exponential growth in complex data and regulatory demands, the market is projected to reach an estimated US$12.32 Billion by 2035, according to leading market analysis. This dramatic surge represents a Compound Annual Growth Rate (CAGR) of 21.9% throughout the forecast period of
Content Delivery Network (CDN) Market to Reach USD 45.2 Billion by 2035 | Akamai Technologies, Tata Communications, Microsoft Corporation, Alibaba Cloud, IBM Corporation, StackPath, Limelight Networks
Content Delivery Network (CDN) Market to Reach USD 45.2 Billion by 2035 | Akamai …
The latest report on the Content Delivery Network (CDN) Market, forecasting robust growth propelled by surging global data traffic, the proliferation of streaming services, and the escalating demand for low-latency digital experiences. Valued at USD 18.5 billion in 2025, the global market is projected to expand at a compound annual growth rate (CAGR) of 9.4%, reaching USD 45.2 billion by 2035. This trajectory reflects the indispensable role of CDNs in
Energy-based Aesthetic Devices Market Grow at a 10.8% CAGR by 2035 | Key Players: Cynosure, Lumenis Ltd., Alma Lasers Inc., Allergan Plc, Cutera, Merz Pharma GmbH & Co. KGaA
09-30-2025 | Health & Medicine
Fact.MR
Energy-based Aesthetic Devices Market Grow at a 10.8% CAGR by 2035 | Key Players …
latest report on the Energy-based Aesthetic Devices Market, forecasting robust growth propelled by surging demand for non-invasive dermatological treatments, technological innovations in laser, radiofrequency, ultrasound, and light-based systems, and heightened beauty awareness among consumers. Valued at USD 5,476.2 million in 2025, the global market is projected to expand at a compound annual growth rate (CAGR) of 10.8%, reaching USD 15,180.4 million by 2035. This trajectory reflects the market's pivotal role
Global Surgical Tourniquets Market Projected to Nearly Triple, Reaching US$1.59 Billion by 2035
09-30-2025 | Health & Medicine
Fact.MR
Global Surgical Tourniquets Market Projected to Nearly Triple, Reaching US$1.59 …
The global surgical tourniquets market is poised for significant expansion over the next decade, driven by a global surge in orthopedic surgeries, heightened demand for safer intraoperative blood control, and major technological advancements in pressure regulation systems. According to a comprehensive analysis by Fact.MR, the market, valued at US 670 millionin 2025,is forecasted to grow at a steady Compound Annual Growth Rate(CAGR) of 91.59 billion. This robust growth trajectory is

All 5 Releases


More Releases for Hydrogen

White Natural Hydrogen Market Growth 2025-2032 | Clean & Renewable Hydrogen Sour …
New York, U.S. - Worldwide Market Reports unveils its latest evaluation of the White Natural Hydrogen Market, highlighting the growing interest in naturally occurring, untapped hydrogen resources that can support decarbonization initiatives and supplement green and blue hydrogen production. Increasing exploration in geological formations, coupled with rising demand for low-carbon energy carriers, is driving adoption across industrial, energy, and mobility sectors. Near-term growth is expected from subsurface hydrogen reservoirs, renewable
Hydrogen Electrolyzer Market, Fueling the Green Hydrogen Revolution Worldwide
Overview of the Market The hydrogen electrolyzer market is rapidly transforming into a cornerstone of the global clean energy transition, driven by increasing investments in sustainable technologies and government-led decarbonization efforts. A hydrogen electrolyzer is a device that splits water into hydrogen and oxygen using electricity, enabling the generation of green hydrogen when powered by renewable sources. This exponential rise is attributed to the surging demand for clean fuels, rising
Hydrogen economy: hydrogen as an energy carrier is changing companies
The energy transition and climate protection have put the focus on a sustainable energy supply. Hydrogen is considered one of the most important energy sources of the future and plays a key role in the decarbonization of industry. Investments in the hydrogen economy are increasing worldwide. Germany is also increasingly focusing on promoting this technology. But what impact will this have on companies, the labor market and the competitiveness of Germany
Hydrogen Generator Market Growth: Powering the Green Hydrogen Economy
According to a new report published by Allied Market Research, The global hydrogen generator market size was valued at $1.2 billion in 2020, and hydrogen generator market forecast to reach $2.2 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030. Global shift toward the use of eco-friendly and renewable resources and several government initiatives toward development of eco-friendly hydrogen production technologies, coupled with rapidly increasing demand for
Hydrogen Generation Market Clean Energy Transition and Green Hydrogen Innovation …
On March 31, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Hydrogen Generation Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across
Hydrogen Generator Market Dynamics: Trends Shaping the Hydrogen Economy
According to a new report published by Allied Market Research, The global hydrogen generator market size was valued at $1.2 billion in 2020, and hydrogen generator market forecast to reach $2.2 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030. Global shift toward the use of eco-friendly and renewable resources and several government initiatives toward development of eco-friendly hydrogen production technologies, coupled with rapidly increasing demand for