Hydrogen Buses - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Hydrogen Buses- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
The global market for Hydrogen Buses was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
 
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】 
https://www.qyresearch.com/reports/2522248/hydrogen-buses
 
 

Polish MMI Secures €7.7M for Development of Electric and Hydrogen-Powered Buses

Porto, Portugal - August 27, 2024
Polish bus manufacturer MMI has successfully secured €7.7 million in funding from Vinci S.A., marking a significant step towards advancing sustainable transportation solutions in Europe. The investment will be used to develop a new range of zero-emission buses, including electric minibuses in three variants: low-entry, low-floor, and standard-floor, as well as a hydrogen fuel cell-powered electric minibus.
The funding will also support the construction of a modern production facility, enabling MMI to double its vehicle production capacity. This expansion is crucial as the company aims to address the increasing demand for eco-friendly public transport solutions, particularly in response to the European Union's mandate that all new city buses must be zero-emission by 2030.
MMI's CEO, Stanisław Zdrojewski, highlighted the company's commitment to innovation, focusing on lightweight bus designs using advanced composite materials and integrating synchronous motors directly into wheel hubs to enhance efficiency. These developments align with MMI's broader goal of expanding its presence in key European markets, including Italy, France, Germany, Switzerland, and Scandinavia.
The strategic investment from Vinci S.A. is seen as a critical move not only for MMI but also for the broader European market, as it positions the company as a leading force in the transition to zero-emission public transportation across the continent.

Policy Analysis
The European Union (EU) has set ambitious targets to transition its public transport sector to zero-emission vehicles, aiming to significantly reduce greenhouse gas emissions. Key policy directives include mandates for all new city buses to be zero-emission by 2030, with further reductions targeted in the following decades. These measures are part of broader EU climate goals outlined in the European Green Deal, which aims for a 90% reduction in greenhouse gas emissions from transport by 2040, contributing to climate neutrality by 2050.
Current Initiatives and Support
The EU has invested heavily in the development of both electric and hydrogen-powered public transport. Over the past two decades, projects supported by the Clean Hydrogen Joint Undertaking (JU) have deployed over 400 hydrogen fuel cell buses across Europe and have established a foundational hydrogen refueling network. These initiatives have demonstrated the technical feasibility and environmental benefits of hydrogen mobility in the public transport sector, albeit with ongoing challenges such as high fuel costs and supply chain issues.
The EU has also allocated substantial funding for hydrogen-related projects, including the €1.2 billion spent on hydrogen transportation initiatives. Programs like H2HAUL and 3EMOTION have been instrumental in deploying hydrogen buses and supporting infrastructure across multiple European cities. However, these projects often face reliability and cost challenges, with hydrogen still struggling to match the economic and operational efficiency of battery-electric buses.
Challenges and Competition
Despite the progress, hydrogen-powered buses face significant competition from battery-electric alternatives, which currently have lower operational costs and more advanced technological readiness. Battery-electric buses dominate urban areas, with over 6,000 units registered in Europe in 2023 alone, compared to a much smaller number of hydrogen buses. The cost of hydrogen production, particularly green hydrogen, remains high, and achieving cost parity with diesel and battery-electric options is a major hurdle. Additionally, the infrastructure for hydrogen refueling is less developed than for electric charging, posing a barrier to widespread adoption.
Future Outlook and Recommendations
To foster the growth of hydrogen-powered public transport, the EU is focusing on enhancing the reliability of hydrogen fuel cell technologies and expanding refueling infrastructure. Recommendations from recent analyses include increased investment in research and development to improve fuel cell efficiency, financial incentives to lower costs, and robust strategies to strengthen supply chains for hydrogen components. Standardizing metrics for performance evaluation and increasing public awareness about the benefits of hydrogen in transportation are also considered crucial for the successful deployment of hydrogen buses.

Market Overview
The European electric and hydrogen bus market is experiencing substantial growth driven by the EU's ambitious climate goals, technological advancements, and supportive regulatory frameworks. The market for electric buses is expanding rapidly, with projections indicating a compound annual growth rate (CAGR) of around 18.5% from 2024 to 2032. This growth is fueled by increasing adoption in urban public transport, as cities aim to reduce air and noise pollution and transition to zero-emission public transport solutions.
Electric Buses: Dominance and Trends
Electric buses currently dominate the zero-emission bus sector in Europe, reflecting the broader shift toward electrification. In 2023, there were over 2,500 electric buses registered in Europe, with significant market concentration in countries like Germany, France, the UK, the Netherlands, and the Nordic countries. This shift is supported by EU initiatives and local government policies that mandate the adoption of electric buses to meet stringent emissions targets.
Hydrogen Buses: Emerging Opportunities
While hydrogen buses make up a smaller portion of the market, their role is growing, particularly in applications where longer range and faster refueling are advantageous, such as intercity and long-haul routes. The European hydrogen bus market, valued at $1.07 billion in 2023, is projected to grow at a remarkable CAGR of 47.3%, reaching $41.34 billion by 2032. Key projects like H2HAUL and support from national strategies, such as Germany's National Hydrogen Strategy, underline Europe's commitment to expanding hydrogen bus deployment and infrastructure.
Challenges and Future Outlook
Despite the promising outlook, several challenges persist, including high costs associated with hydrogen production and infrastructure, as well as competition from more established battery-electric technology. The EU is addressing these challenges by investing in hydrogen refueling stations and promoting innovations to reduce costs and improve reliability. As the market continues to grow, increased public and private investment, combined with technological advances, will likely bolster the adoption of both electric and hydrogen buses across Europe.

Regulation Differences
The regulatory landscape for electric and hydrogen buses in Europe reflects the EU's broader goals for decarbonization and climate neutrality by 2050. Both electric and hydrogen buses are key components of the European Union's strategy to reduce greenhouse gas emissions, yet they operate under different regulatory frameworks and face unique challenges.
Electric Bus Regulations:
Urban Focus: Electric buses are primarily regulated under EU policies targeting urban areas, where air quality concerns and noise pollution are significant issues. The European Union has set a goal for all new city buses to be zero-emission by 2030, which has accelerated the deployment of electric buses across major European cities.
Standardization and Incentives: The EU supports electric bus deployment through financial incentives, subsidies, and funding for infrastructure development, such as charging stations. Programs like the European Clean Bus Deployment Initiative and the Alternative Fuels Infrastructure Directive (AFID) provide frameworks for member states to develop consistent infrastructure standards and ensure the availability of charging points.
Battery Technology and Charging Infrastructure: Regulations emphasize the development of standardized charging infrastructure to accommodate the growing fleet of electric buses. These standards facilitate interoperability and enhance the adoption rate by making it easier for manufacturers and public transport operators to transition to electric models.
Hydrogen Bus Regulations:
Focus on Long-Distance and High-Usage Routes: Hydrogen buses are typically targeted for long-distance and high-utilization routes, such as intercity and regional transit, where the benefits of longer range and faster refueling times are more pronounced. This focus aligns with the EU's broader strategy to diversify energy sources and enhance energy security.
Infrastructure and Safety Regulations: Unlike electric buses, hydrogen buses require specialized refueling stations that adhere to strict safety and environmental standards. The EU's Clean Hydrogen Partnership and initiatives like the JIVE projects (Joint Initiative for Hydrogen Vehicles across Europe) are critical in building the infrastructure needed to support hydrogen bus fleets. These initiatives also aim to standardize hydrogen refueling stations across Europe, promoting safety and operational efficiency.
Economic and Technological Challenges: Hydrogen buses face higher operational costs due to the current price of hydrogen fuel and the complexity of the refueling infrastructure. To mitigate these challenges, the EU and member states provide subsidies and funding for research into more efficient hydrogen production methods, such as electrolysis using renewable energy sources. These regulatory measures aim to make hydrogen more economically viable and environmentally sustainable.
Key Differences in Policy Focus:
Electric buses benefit from well-established infrastructure development programs and are more commonly used in urban settings where short routes and frequent stops are prevalent. Policies supporting electric buses are more advanced, reflecting their early adoption and greater market penetration.
Hydrogen buses, on the other hand, are increasingly being recognized for their potential in longer-distance transport. EU policies and funding are directed towards overcoming the technological and economic barriers associated with hydrogen production, storage, and distribution. The focus is on establishing a robust refueling network and developing cost-effective, reliable hydrogen supply chains

Key Drivers
The electric and hydrogen bus markets in Europe are experiencing substantial growth, driven by several key factors:
Environmental Regulations and Emission Reduction Goals: European Union policies aiming for zero-emission public transport are a major catalyst for the adoption of electric and hydrogen buses. Regulations require all new city buses to be zero-emission by 2030. These stringent emission standards and the introduction of low-emission zones in many European cities are pushing public transit operators to replace diesel buses with electric and hydrogen alternatives. Germany's National Hydrogen Strategy, which includes substantial investment in hydrogen technologies for public transport, is a notable example of regulatory support driving market growth.
Technological Advancements: Innovations in battery and hydrogen fuel cell technologies are making electric and hydrogen buses more efficient and cost-effective. The development of high-capacity batteries and efficient fuel cell systems has enhanced the range and performance of these buses, making them viable for both urban and intercity routes. New manufacturing facilities and strategic partnerships, such as the collaboration between Daimler Buses and BMZ Poland for advanced battery systems, further boost technological progress in this sector.
Government Incentives and Funding: Governments across Europe are offering financial incentives, including subsidies and tax breaks, to encourage the adoption of zero-emission buses. These incentives reduce the financial burden on public transport operators, making the transition to electric and hydrogen buses more attractive. European initiatives like the Joint Initiative for Hydrogen Vehicles across Europe (JIVE) provide significant funding and support for deploying hydrogen buses and building refueling infrastructure.
Growing Public Awareness and Demand for Sustainable Transport: Increased public awareness about climate change and the environmental impact of fossil fuels is driving demand for cleaner public transportation options. The preference for sustainable and eco-friendly transport solutions among European citizens has led to a surge in the adoption of electric buses, which are quieter and produce zero tailpipe emissions, improving urban air quality.
Infrastructure Development: The expansion of charging and refueling infrastructure is critical to supporting the adoption of electric and hydrogen buses. Investments in building extensive charging networks and hydrogen refueling stations ensure that these buses can operate efficiently, addressing range anxiety and refueling concerns. This infrastructure development is pivotal to the long-term viability and growth of the zero-emission bus market.
These drivers collectively contribute to the rapid growth of the electric and hydrogen bus markets in Europe, making them key components of the region's sustainable transport future.

Investment Opportunities
The electric and hydrogen bus markets in Europe are expanding rapidly, driven by regulatory support, technological advancements, and increased demand for sustainable transportation. These dynamics present numerous investment opportunities in both infrastructure development and vehicle manufacturing.
1. Hydrogen Infrastructure Development
Hydrogen fuel cell buses are gaining traction, particularly for long-distance and high-usage routes due to their faster refueling times and longer range compared to battery-electric buses. The European hydrogen fueling station market is expected to grow significantly, from $519.3 million in 2023 to approximately $3.87 billion by 2033. Investments are focused on expanding the network of hydrogen refueling stations, critical for supporting the adoption of hydrogen-powered buses. Key players like Air Liquide, Nel ASA, and H2 MOBILITY are actively involved in expanding hydrogen infrastructure across Europe, presenting opportunities for partnerships and joint ventures.
2. Research and Development in Advanced Technologies
There is a strong focus on R&D activities to enhance the efficiency and performance of electric and hydrogen buses. For example, investments in improving battery technology, developing lightweight materials for bus bodies, and optimizing hydrogen fuel cell systems can provide competitive advantages. Strategic partnerships between bus manufacturers and technology firms to advance these innovations offer lucrative investment opportunities. The collaboration between Daimler Buses and BMZ Poland to develop next-generation electric bus batteries highlights the potential for growth in this area.
3. Government Support and Incentives
European governments are heavily investing in and offering subsidies for the deployment of zero-emission vehicles. Programs such as the EU's Fit for 55 initiative aim to reduce greenhouse gas emissions by 55% by 2030, directly supporting the growth of electric and hydrogen bus markets. These policies make the European market particularly attractive for investors looking to capitalize on sustainable transportation solutions.

Related Market Reports From QY Research
QY Research Releases Comprehensive Market Reports on the electric and hydrogen bus Market, as shown in the links below. These reports provide an in-depth analysis of the current market landscape, key trends, and future growth opportunities.

Global Hydrogen Bus Market Insights, Forecast to 2030
https://www.qyresearch.com/reports/2851737/hydrogen-bus
Hydrogen Buses - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
https://www.qyresearch.com/reports/2522248/hydrogen-buses
Global Electric Bus Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
https://www.qyresearch.com/reports/2700690/electric-bus
Global All-Electric Bus Market Research Report 2024
https://www.qyresearch.com/reports/2293499/all-electric-bus
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Hydrogen Buses market is segmented as below:
By Company
    Tata Motors Limited
    Thor Industries
    Hyundai
    Ballard Power Systems
    Nova Bus Corporation
    New Flyer Industries Ltd
    Evo Bus
    Hino Motors Ltd.
    SunLine Transit Agency
 
Segment by Type
    30-Foot Transit Bus
    40-Foot Transit Bus
    60-Foot Transit Bus
 
Segment by Application
    City ​​Traffic
    Intercity Traffic
    Others
 
Each chapter of the report provides detailed information for readers to further understand the Hydrogen Buses market:
Chapter 1: Introduces the report scope of the Hydrogen Buses report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Hydrogen Buses manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Hydrogen Buses market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5:  Sales, revenue of Hydrogen Buses in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Hydrogen Buses in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Hydrogen Buses competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Hydrogen Buses comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Hydrogen Buses market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Global Hydrogen Bus Market Insights, Forecast to 2030
Global Hydrogen Bus Market Research Report 2024
Global Hydrogen Buses Market Insights, Forecast to 2030
Global Hydrogen Buses Market Research Report 2024
Hydrogen Bus - Global Market Insights and Sales Trends 2024
Global Hydrogen Bus Market Research Report 2023
Global Hydrogen Bus Market Insights, Forecast to 2029
Hydrogen Buses - Global Market Insights and Sales Trends 2024
Global Hydrogen Buses Market Research Report 2023
Global and United States Hydrogen Buses Market Report & Forecast 2023-2029
 
 

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