The Global Hydrogen Powered Transport Market Report by The Business Research Company covers hydrogen powered transport market drivers and restraints, hydrogen powered transport market size, major players, and the impact of COVID-19 on the hydrogen powered transport market.
The hydrogen powered transport market consists of the sales of hydrogen powered transport services and related goods by entities (organizations, sole traders and partnerships) that are engaged in the manufacturing of electric vehicles. Only goods and services traded between entities or sold to end consumers are included.
An increase in government initiatives for the development of hydrogen fuel cell infrastructure is contributing to the growth of the hydrogen-powered transport market. Several approaches have been disposed of by different governments to cater to environmental conditions.
The global hydrogen powered transport market is expected to grow from $2.09 billion in 2020 to $3.27 billion in 2021 at a compound annual growth rate (CAGR) of 56.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.04 billion in 2025 at a CAGR of 58%.
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Some hydrogen powered transport market trends include the launch of a prototype of a hydrogen fuel cell forklift. Major players operating in the industry are continuously focusing on introducing innovations and technologies to better serve the needs of consumers.
Global hydrogen powered transport market segments include:
1) By Fuel Cell Technology Type: Proton Exchange Membrane Fuel Cells, Phosphoric Acid Fuel Cells, Others.
2) By Vehicle Type: Cars, Buses, Trucks, Others.
3) By End Use: Passenger Vehicle, Commercial Vehicle.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Hydrogen Powered Transport Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides hydrogen powered transport market overviews, analyzes and forecasts market size, share, hydrogen powered transport market players, hydrogen powered transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The hydrogen powered transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Hydrogen Powered Transport Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Honda, Toyota, Hyundai, BMW, General Motors, Foton, Mercedes-Benz, Volkswagen, SAIC, FeiChi Bus, Dongfeng, Volvo, Ballard Power Systems, Audi, MAN, Groupe Renault, Mazda Motor Corporation, Hydrogenics, Kia Motor Corporation, Tata Motors Limited, Nikola Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Hydrogen Powered Transport Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Hydrogen Powered Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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