Global Fuel Cell Electric Buses Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Fuel Cell Electric Buses Market is presumed to reach the market size of nearly USD 6.69 Billion by 2032 from USD 2.21 Billion in 2023 with a CAGR of 13.09% under the study period 2024-2032.

Fuel cell electric buses (FCEBs) are public vehicles powered by hydrogen fuel cells, which transforms hydrogen gas into electricity to drive electric motors. Unlike traditional diesel buses, FCEBs produce zero emissions, with water vapour being their only by-product. These buses offer a clean and sustainable solution to urban transit, reducing cities' greenhouse gas emissions and air pollution. FCEBs have gained popularity recently as governments and transit authorities seek to transition to greener transportation options. FCEBs represent a promising pathway towards a more environmentally friendly and energy-efficient public transportation system.

MARKET DYNAMICS

The growing demand for sustainable transportation solutions propels the fuel cell electric buses market. Increasing concerns about air quality and greenhouse gas emissions have prompted governments and transit authorities worldwide to seek cleaner alternatives to traditional diesel buses. Moreover, advancements in fuel cell technology have led to improvements in the performance, efficiency, and reliability of FCEBs, making them a viable and attractive option for public transportation fleets. Additionally, supportive government policies, incentives, and funding initiatives aimed at promoting the adoption of zero-emission vehicles further drive fuel cell electric buses market growth. These policies include subsidies for vehicle purchases, investment in hydrogen infrastructure development, and mandates for transitioning to low-emission public transportation fleets. Furthermore, growing public awareness and consumer demand for sustainable transportation options contribute to the increasing deployment of FCEBs in cities worldwide. As concerns about climate change & air pollution continue to mount, the fuel cell electric buses market is expected to witness sustained growth, driven by the collective efforts of governments, transit authorities, and consumers to embrace cleaner and more efficient modes of transportation. However, challenges such as high initial costs and limited hydrogen infrastructure remain significant barriers to widespread adoption and may require further investment and innovation.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Fuel Cell Electric Buses. The growth and trends of Fuel Cell Electric Buses industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Fuel Cell Electric Buses market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Fuel Cell Type

Proton Exchange Membrane Fuel Cell (PEMFC)
Solid Oxide Fuel Cell (SOFC)
Direct Methanol Fuel Cell (DMFC)

By Application

Intracity
Intercity

By Bus Type

Shuttle Buses
Transit Buses
Articulated/High-Capacity Buses
Coach Buses

By Range

Below 150 Miles
150 To 300 Miles
Above 300 Miles

By End-Users

Public Transit Authorities
Private Transportation Companies
Tour Operators

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Fuel Cell Electric Buses market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Fuel Cell Electric Buses market include Ballard Power Systems Inc., Beiqi Foton Motor Co. Ltd., Bloom Energy Corporation, BYD Company Ltd., Ceres Power Holdings Plc, Daimler AG, EasyMile SAS, El Dorado National, Gillig LLC, Hydrogenics Corporation, Yundai Motor Company, Iveco S.P.A., New Flyer Industries Inc., Proterra Inc., Riversimple Engineering Limited, Solaris Bus & Coach S.A., Tevva Motors Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112114589

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. FUEL CELL ELECTRIC BUSES - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Fuel Cell Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Bus Type
- 3.7.4 Market Attractiveness Analysis By Range
- 3.7.5 Market Attractiveness Analysis By End-Users
- 3.7.6 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL FUEL CELL ELECTRIC BUSES MARKET ANALYSIS BY FUEL CELL TYPE

5.1. Overview By Fuel Cell Type
5.2. Historical and Forecast Data
5.3. Analysis By Fuel Cell Type
5.4. Proton Exchange Membrane Fuel Cell (PEMFC) Historic and Forecast Sales By Regions
5.5. Solid Oxide Fuel Cell (SOFC) Historic and Forecast Sales By Regions
5.6. Direct Methanol Fuel Cell (DMFC) Historic and Forecast Sales By Regions

6. GLOBAL FUEL CELL ELECTRIC BUSES MARKET ANALYSIS BY APPLICATION

6.1. Overview By Application
6.2. Historical and Forecast Data
6.3. Analysis By Application
6.4. Intracity Historic and Forecast Sales By Regions
6.5. Intercity Historic and Forecast Sales By Regions

7. GLOBAL FUEL CELL ELECTRIC BUSES MARKET ANALYSIS BY BUS TYPE

7.1. Overview By Bus Type
7.2. Historical and Forecast Data
7.3. Analysis By Bus Type
7.4. Shuttle Buses Historic and Forecast Sales By Regions
7.5. Transit Buses Historic and Forecast Sales By Regions
7.6. Articulated/High-Capacity Buses Historic and Forecast Sales By Regions
7.7. Coach Buses Historic and Forecast Sales By Regions

8. GLOBAL FUEL CELL ELECTRIC BUSES MARKET ANALYSIS BY RANGE

8.1. Overview By Range
8.2. Historical and Forecast Data
8.3. Analysis By Range
8.4. Below 150 Miles Historic and Forecast Sales By Regions
8.5. 150 To 300 Miles Historic and Forecast Sales By Regions
8.6. Above 300 Miles Historic and Forecast Sales By Regions

9. GLOBAL FUEL CELL ELECTRIC BUSES MARKET ANALYSIS BY END-USERS

9.1. Overview By End-Users
9.2. Historical and Forecast Data
9.3. Analysis By End-Users
9.4. Public Transit Authorities Historic and Forecast Sales By Regions
9.5. Private Transportation Companies Historic and Forecast Sales By Regions
9.6. Tour Operators Historic and Forecast Sales By Regions

10. GLOBAL FUEL CELL ELECTRIC BUSES MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis

11. COMPETITIVE LANDSCAPE OF THE FUEL CELL ELECTRIC BUSES COMPANIES

11.1. Fuel Cell Electric Buses Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12. COMPANY PROFILES OF FUEL CELL ELECTRIC BUSES INDUSTRY

12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Ballard Power Systems Inc.
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
12.4. Beiqi Foton Motor Co. Ltd.
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
12.5. Bloom Energy Corporation
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
12.6. BYD Company Ltd.
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
12.7. Ceres Power Holdings Plc
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
12.8. Daimler AG
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
12.9. EasyMile SAS
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
12.10. El Dorado National
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
12.11. Gillig LLC
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
12.12. Hydrogenics Corporation
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
12.13. Yundai Motor Company
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
12.14. Iveco S.P.A.
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
12.15. New Flyer Industries Inc.
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
12.16. Proterra Inc.
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
12.17. Riversimple Engineering Limited
- 12.17.1 Company Overview
- 12.17.2 Company Revenue
- 12.17.3 Products
- 12.17.4 Recent Developments
12.18. Solaris Bus & Coach S.A.
- 12.18.1 Company Overview
- 12.18.2 Company Revenue
- 12.18.3 Products
- 12.18.4 Recent Developments
12.19. Tevva Motors Ltd
- 12.19.1 Company Overview
- 12.19.2 Company Revenue
- 12.19.3 Products
- 12.19.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies