Press release
Fuel Cell Buses Market Size - Forecast to 2026
Fuel Cell Buses Market
Browse TOC on “Global Fuel Cell Buses Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-fuel-cell-buses-market-3281
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
Browse the Report @ https://www.globalmarketestimates.com/market-report/global-fuel-cell-buses-market-3281
Fuel Cell Buses are gaining high popularity in the past few years. Increasing preference for energy-efficient vehicles along with the necessity to reduce air pollution are major factors to drive the overall fuel cell bus demand. The rising necessity to upgrade buses to promote public transportation in countries with heavy road traffics will positively influence the industry expansion.
Above 400 KWH dominated the power output segment
Implementation of zero-emission vehicles in public transportation to streamline numerous aspects such as on-road traffic load, pollution control, and enhanced vehicles are major causes to positively drive the penetration of large seating capacity buses in the industry.
Battery dominant deployment holds high potential in the coming years
The global fuel cell bus market is seeing high penetration and deployment of battery dominant vehicles in public transportation. Cost efficiency, long-term suitability, flexibility, and compatibility are prime factors to induce penetration in this segment.
Asia Pacific led the regional revenue
The Asia Pacific fuel cell buses market dominated the regional share and accounted for around 35% of the industry revenue in 2019. China, Japan, South Korea, and Australia are among the key contributing nations. A high preference towards zero-emission vehicles accompanied by the presence of various international investors to capitalize on electric vehicles will drive regional demand. Also, rising requirements to standardize public transportation on roads and campuses will help in integrating the overall market.
Collaboration with the public transportation bodies and cost optimization are the prime strategies
The major participants in the fuel cell buses industry include SunLine Transit, New Flyer Industries, Wuhan Skywell, NovaBus Corporation, Wuhan Tiger, EvoBus, Van Hool, MAN, Hino Motors Ltd., Caetano Bus, Rampini, Alexander Dennis, Safra, URSUS Bus, Solaris, VDL, Wrightbus, Dolomitech, Hyundai, TATA, Skoda, Mercedez, Flixbus, and Hyzon Motors.
Global fuel cell buses company market share is niche and concentrated in nature. Partnering with the government to deploy the vehicles and continuous technological advancement to improvise the vehicle performance and purpose are prime strategies seen in the industry.
Component Outlook (Revenue, USD Million, 2021-2026)
• Fuel stack
• Fuel processor
• Power conditioner
• Air compressor
• Humidifier
Power Output Outlook (Revenue, USD Million, 2021-2026)
• Up to 400 KWH
• Above 400 KWH
Deployment Outlook (Revenue, USD Million, 2021-2026)
• Battery dominant
• On route charge
• Plug in charge
Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com/
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