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Hydrogen Combustion Engine Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939875
The hydrogen combustion engine market size has grown rapidly in recent years. It will grow from $38.46 billion in 2023 to $43.06 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth observed in the historical period can be attributed to factors such as environmental regulations, the production of renewable hydrogen, initiatives focused on decarbonization, the development of hydrogen infrastructure, and government incentives and subsidies.

The hydrogen combustion engine market size is expected to see rapid growth in the next few years. It will grow to $65.37 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The anticipated growth in the forecast period can be attributed to the global emphasis on green transportation, economic viability and cost reduction, a worldwide focus on hydrogen as an energy carrier, increasing geopolitical concerns, and consumer demand for zero-emission vehicles. Major trends expected in the forecast period include research and development initiatives, integration with hybrid systems, the establishment of hydrogen safety standards, and increased collaborations and partnerships within the hydrogen industry.

The hydrogen combustion engine market is poised for growth, driven by the increasing adoption of fuel-cell cars. Fuel cell cars, functioning as electric vehicles powered by a fuel cell that generates electricity through hydrogen, offer an efficient and environmentally friendly alternative to traditional internal combustion engines. The surge in the use of fuel-cell cars is evident from the sales figures, with 12,272 hydrogen fuel cell cars sold in the United States by the end of 2021, marking a notable 37% increase from the previous year. Consequently, the expanding use of fuel-cell cars is a key factor propelling the growth of the hydrogen combustion engine market.

A significant catalyst for the hydrogen combustion engine market is the escalating demand for clean energy. Clean energy, sourced from renewable and low-impact resources, is crucial for minimizing environmental impact. Hydrogen combustion engines emerge as a viable solution in various applications, such as automobiles, airplanes, and marine ships, contributing to pollution reduction. The International Renewable Energy Agency (IRENA) reported a 10% expansion in global renewable energy capacity in 2022, reflecting a 0.4% increase compared to the previous year. This growing appetite for clean energy is a driving force behind the hydrogen combustion engine market.

Technological advancements are shaping the hydrogen combustion engine market, with companies embracing recent innovations to stay competitive. BMW, a prominent luxury vehicle company based in Germany, exemplifies this trend by introducing its first hydrogen-operated BMW iX5 Hydrogen models in February 2023. The innovative fuel cell system incorporates specialized hydrogen components designed to enhance functionality, drawing parallels to traditional combustion engines.

Strategic partnerships are playing a pivotal role in the development of hydrogen-powered engines, emphasizing collaboration for mutual benefits. Yamaha Motor Co., Ltd., a Japanese motorcycle company, forged a partnership with Toyota Motor Corporation in February 2022. This collaboration aims to manufacture a 5.0-liter V8 hydrogen-powered engine based on the engine used in the Lexus RC F premium performance coupe. The engine modifications include changes to injectors, cylinder heads, intake manifold, and other components, resulting in impressive performance with 450 horsepower at 6,800 rpm and 540 Nm of torque at 3,600 rpm.

In July 2022, EasyJet PLC, a UK-based airline company, entered into a partnership with Rolls-Royce, a UK-based car manufacturing company. This strategic collaboration focuses on advancing hydrogen combustion engine technology for aircraft, particularly narrow-body airliners. Rolls-Royce's expertise in creating hydrogen combustion engines positions it as a key player in driving innovation for various aircraft applications.

Major companies operating in the hydrogen combustion engine market report are Toyota Motor Corporation, Stellantis N.V., Ford Motor Company, General Motor Company, Honda Motor Co. Ltd., Robert Bosch GmbH, Caterpillar Incorporated, Rio Tinto Group, Renault SA, Bayerische Motoren Werke AG, Magna International Inc., Mitsubishi Heavy Industries, Cummins Inc., Komatsu Ltd., Rolls-Royce Holdings PLC, Mahindra And Mahindra Ltd., AGCO Corporation, Air Products and Chemicals Inc., MAN Energy Solutions, Plug Power Inc., Bloom Energy Corporation, Ballard Power Systems Inc., Proton Motor Fuel Cell Inc., PowerCell Sweden AB, H2 PowerTech LLC, HyTech Power LLC, Origin Engines Inc., Hyzon Motors Inc., Loop Energy Inc.

North America was the largest region in the hydrogen combustion engine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen combustion engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydrogen combustion engine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main technologies associated with hydrogen combustion engines include proton exchange membrane, phosphoric acid fuel cell, and others. A proton exchange membrane is a thin, porous substance serving as the electrolyte in a fuel cell, facilitating the passage of protons (hydrogen ions) during the electrochemical processes occurring within the fuel cell. Hydrogen combustion engines can be installed as original equipment manufacturer (OEM) solutions or as retrofits, suitable for application in passenger vehicles, commercial vehicles, ships, and other contexts.

The hydrogen combustion engine market research report is one of a series of new reports that provides hydrogen combustion engine market statistics, including the hydrogen combustion engine industry's global market size, regional shares, competitors with a hydrogen combustion engine market share, detailed hydrogen combustion engine market segments, market trends, and opportunities, and any further data you may need to thrive in the hydrogen combustion engine industry. This hydrogen combustion engine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hydrogen combustion engine market consists of sales of combustion chambers, cylinder heads, installation parts, intake systems, fuel injection systems, ignition systems, crankshafts, pistons or rotors, and control and monitoring systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Hydrogen Combustion Engine Market Characteristics3. Hydrogen Combustion Engine Market Trends and Strategies
4. Hydrogen Combustion Engine Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Hydrogen Combustion Engine Market Size and Growth
5.1. Global Hydrogen Combustion Engine Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Hydrogen Combustion Engine Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Hydrogen Combustion Engine Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Hydrogen Combustion Engine Market Segmentation
6.1. Global Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Proton Membrane Exchange
  • Phosphoric Acid Fuel Cell
  • Other Technologies
6.2. Global Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • OEM (Original Equipment Manufacturer)
  • Retrofit
6.3. Global Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Passenger Vehicle
  • Commercial vehicle
  • Ships
  • Other Applications
7. Hydrogen Combustion Engine Market Regional and Country Analysis
7.1. Global Hydrogen Combustion Engine Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Hydrogen Combustion Engine Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Hydrogen Combustion Engine Market
8.1. Asia-Pacific Hydrogen Combustion Engine Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Hydrogen Combustion Engine Market
9.1. China Hydrogen Combustion Engine Market Overview
9.2. China Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Hydrogen Combustion Engine Market
10.1. India Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Hydrogen Combustion Engine Market
11.1. Japan Hydrogen Combustion Engine Market Overview
11.2. Japan Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Hydrogen Combustion Engine Market
12.1. Australia Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Hydrogen Combustion Engine Market
13.1. Indonesia Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Hydrogen Combustion Engine Market
14.1. South Korea Hydrogen Combustion Engine Market Overview
14.2. South Korea Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Hydrogen Combustion Engine Market
15.1. Western Europe Hydrogen Combustion Engine Market Overview
15.2. Western Europe Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Hydrogen Combustion Engine Market
16.1. UK Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Hydrogen Combustion Engine Market
17.1. Germany Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Hydrogen Combustion Engine Market
18.1. France Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Hydrogen Combustion Engine Market
19.1. Italy Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Hydrogen Combustion Engine Market
20.1. Spain Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Hydrogen Combustion Engine Market
21.1. Eastern Europe Hydrogen Combustion Engine Market Overview
21.2. Eastern Europe Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Hydrogen Combustion Engine Market
22.1. Russia Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Hydrogen Combustion Engine Market
23.1. North America Hydrogen Combustion Engine Market Overview
23.2. North America Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Hydrogen Combustion Engine Market
24.1. USA Hydrogen Combustion Engine Market Overview
24.2. USA Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Hydrogen Combustion Engine Market
25.1. Canada Hydrogen Combustion Engine Market Overview
25.2. Canada Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Hydrogen Combustion Engine Market
26.1. South America Hydrogen Combustion Engine Market Overview
26.2. South America Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Hydrogen Combustion Engine Market
27.1. Brazil Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Hydrogen Combustion Engine Market
28.1. Middle East Hydrogen Combustion Engine Market Overview
28.2. Middle East Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Hydrogen Combustion Engine Market
29.1. Africa Hydrogen Combustion Engine Market Overview
29.2. Africa Hydrogen Combustion Engine Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Hydrogen Combustion Engine Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Hydrogen Combustion Engine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Hydrogen Combustion Engine Market Competitive Landscape and Company Profiles
30.1. Hydrogen Combustion Engine Market Competitive Landscape
30.2. Hydrogen Combustion Engine Market Company Profiles
30.2.1. Toyota Motor Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Stellantis N.V.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Ford Motor Company
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. General Motor Company
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Honda Motor Co. Ltd.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Hydrogen Combustion Engine Market Other Major and Innovative Companies
31.1. Robert Bosch GmbH
31.2. Caterpillar Incorporated
31.3. Rio Tinto Group
31.4. Renault SA
31.5. Bayerische Motoren Werke AG
31.6. Magna International Inc.
31.7. Mitsubishi Heavy Industries
31.8. Cummins Inc.
31.9. Komatsu Ltd.
31.10. Rolls-Royce Holdings plc
31.11. Mahindra and Mahindra Ltd.
31.12. AGCO Corporation
31.13. Air Products and Chemicals Inc.
31.14. MAN Energy Solutions
31.15. Plug Power Inc.
32. Global Hydrogen Combustion Engine Market Competitive Benchmarking33. Global Hydrogen Combustion Engine Market Competitive Dashboard34. Key Mergers and Acquisitions in the Hydrogen Combustion Engine Market
35. Hydrogen Combustion Engine Market Future Outlook and Potential Analysis
35.1 Hydrogen Combustion Engine Market in 2028 - Countries Offering Most New Opportunities
35.2 Hydrogen Combustion Engine Market in 2028 - Segments Offering Most New Opportunities
35.3 Hydrogen Combustion Engine Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Hydrogen Combustion Engine Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hydrogen combustion engine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for hydrogen combustion engine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Technology: Proton Membrane Exchange; Phosphoric Acid Fuel Cell; Other Technologies
2) By Installation: OEM (Original Equipment Manufacturer); Retrofit
3) By Application: Passenger Vehicle; Commercial vehicle; Ships; Other Applications

Key Companies Mentioned: Toyota Motor Corporation; Stellantis N.V.; Ford Motor Company; General Motor Company; Honda Motor Co. Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Toyota Motor Corporation
  • Stellantis N.V.
  • Ford Motor Company
  • General Motor Company
  • Honda Motor Co. Ltd.
  • Robert Bosch GmbH
  • Caterpillar Incorporated
  • Rio Tinto Group
  • Renault SA
  • Bayerische Motoren Werke AG
  • Magna International Inc.
  • Mitsubishi Heavy Industries
  • Cummins Inc.
  • Komatsu Ltd.
  • Rolls-Royce Holdings plc
  • Mahindra And Mahindra Ltd.
  • AGCO Corporation
  • Air Products and Chemicals Inc.
  • MAN Energy Solutions
  • Plug Power Inc.
  • Bloom Energy Corporation
  • Ballard Power Systems Inc.
  • Proton Motor Fuel Cell Inc.
  • PowerCell Sweden AB
  • H2 PowerTech LLC
  • HyTech Power LLC
  • Origin Engines Inc.
  • Hyzon Motors Inc.
  • Loop Energy Inc.

Methodology

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