Press release
Hydrogen Powered Tractor Market is projected to reach USD 3.86 Billion by 2030 : Cognitive Market Research
Hydrogen Powered Tractor Market is projected to reach USD 3.86 Billion by 2030 : Cognitive Market Research
- Tractors usually have two small wheels at the front and two larger wheels at the rear. Tractors are used in agricultural, construction and logistics applications to move attached implements such as rotavators, plowing, cultivation, sowing, tilling, and harvesting. Tractor is a zero-emission tractor that uses hydrogen as fuel to power its onboard electric motors. Unlike gasoline and diesel vehicles, the vehicle does not emit any environmentally harmful greenhouse gases such as nitrogen oxides and carbonized peroxides. Tractor equipment helps increase agricultural productivity with less time-consuming. Additionally, tractors require lower inputs, reducing the need for manpower on the farm. This not only saves operating time, but also helps save labour costs.
Summary:
- As per Cognitive Market Research, Global Hydrogen Powered Tractor market size was $1.45 billion in 2022 and it is forecasted to reach $3.86 billion by 2030. Hydrogen Powered Tractor Industry's Compound Annual Growth Rate will be 12.8% from 2023 to 2030.
"To know more about The Hydrogen Powered Tractor Market statistics click here: https://www.cognitivemarketresearch.com/hydrogen-powered-tractor-market-report
Market Dynamics:
- Increasing modernization of agricultural activities, reduction in greenhouse gas emissions and high applicability of hydrogen as a fuel are factors expected to drive the growth of the global hydrogen powered tractors market in the coming year. In addition, technological developments, government support for the development of agricultural activities, and future potential of the hydrogen vehicle are expected to drive the growth of the global market. In addition, government initiatives in various countries such as the United States, China, and Japan to increase the use of hydrogen-powered tractors and growing concerns over fossil fuel-based energy sources are expected to further drive the growth of the target market. Hydrogen-powered tractors offer various advantages such as low gas emissions, easy maintenance, silent operation to reduce noise pollution, low temperature, and low heat transfer, which are expected to drive the growth of the global market. Moreover, rising demand for hydrogen-powered tractors in various end-use industries such as mining, agriculture, industrial, and rising awareness to reduce carbon footprint are other factors anticipated to drive the growth of the global market.
Market Segmentation:
Installation:
• Retrofit
• OEM
Application:
• Mining
• Agriculture
• Industries
• Others
Fuel Cell Technology Type:
• Phosphoric Acid Fuel Cell
• Proton Exchange Membrane Fuel Cell
• Solid Oxide Fuel Cell
• Others
Capacity:
• Less Than 25 tons
• More Than 25 tons
The Major Players in Hydrogen Powered Tractor Market are:
Terberg, Cummins Inc., Deere Company, Deutz Fahr Group, BMW, Cnh Industrial N.V., Toyota, Allis Chalmers, Hyster Yale Group, Hyundai Motor Company, Kubota Corporation, Amogy Inc, Ballard Power Systems, Blue Fuel Solutions, Fendt, H2Trac B.V., New Holland, Others
Get free sample pages of the latest published Hydrogen Powered Tractor Market Report: https://www.cognitivemarketresearch.com/hydrogen-powered-tractor-market-report#request_sample
Regional Analysis:
- The North America market is expected to dominate the global hydrogen powered tractors market with a higher revenue share, due to the increasing government initiatives for hydrogen infrastructure development and growing awareness among people about hydrogen powered tractors. In addition, the presence of key player and increasing adoption of hydrogen-powered tractors in the countries in the region.
News:
• In February 2023, Toyota announced that it will supply its second-generation hydrogen fuel cell modules to French start-up Hyliko. The modules will be integrated into Hyliko's heavy-duty trucks for its zero-emission fleet products.
• In January 2023, US-based alternative fuel technology and electric vehicle company Centro Electric unveiled its first hydrogen-powered Class 8 semi-tractor, the LMH864, in Las Vegas
• January 2023, Associated British Ports has revealed that it has become the first UK port operator to run a hydrogen-fuelled tractor, after deploying the zero-emission vehicle at its container terminal at the Port of Immingham in Lincolnshire.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Hydrogen Powered Tractor Market
• 3.1 Global Hydrogen Powered Tractor Market Size 2018 - 2030, (USD Million)
• 3.2 Global Hydrogen Powered Tractor Value, Absolute & Opportunity Analysis
• 3.3 Global Hydrogen Powered Tractor Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Hydrogen Powered Tractor Market Statistics 2022: Snapshot
Chapter 4 Global Hydrogen Powered Tractor Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Hydrogen Powered Tractor Market by Installation Segmentation Analysis (2018-2030)
Chapter 10 Global Hydrogen Powered Tractor Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Hydrogen Powered Tractor Market by Fuel Cell Technology Type Segmentation Analysis (2018-2030)
Chapter 12 Global Hydrogen Powered Tractor Market by Capacity Segmentation Analysis (2018-2030)
Chapter 13 Global Hydrogen Powered Tractor Market Regional Analysis
Chapter 14 North America Hydrogen Powered Tractor Market Outlook (2018 - 2030)
Chapter 15 Europe Hydrogen Powered Tractor Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Hydrogen Powered Tractor Market Outlook (2018 - 2030)
Chapter 17 Latin America Hydrogen Powered Tractor Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Hydrogen Powered Tractor Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Hydrogen Powered Tractor Market TOC click here: https://www.cognitivemarketresearch.com/hydrogen-powered-tractor-market-report#table_of_contents
To View Infographics of Market Reports click here: https://www.cognitivemarketresearch.com/infographics
Related Report:
• Hydrogen Fueling Station market - https://www.cognitivemarketresearch.com/hydrogen-fueling-station-market-report
• Hydrogen Fuel Cell Vehicle market - https://www.cognitivemarketresearch.com/hydrogen-fuel-cell-vehicle-market-report
• Hydrogen Vehicle market https://www.cognitivemarketresearch.com/hydrogen-vehicle-market-report
Blog:
• 3 Methods to Store Hydrogen for Efficient Usage: Cognitive Market Research - https://www.cognitivemarketresearch.com/blog/3-methods-to-store-hydrogen-for-efficient-usage
To view Eaton Company Profile click here: https://www.cognitivemarketresearch.com/company_profile/eaton
Article:
• The Rise of Integrated Online Marketplace Optimization Tools - https://www.cognitivemarketresearch.com/articles/the-rise-of-integrated-online-marketplace-optimization-tools
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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