Title: Hydrogen Powered Transport Market Trends, Top Companies, Share, Growth And Forecast 2032
1Hydrogen Powered Transport Global Market Report
2023
Market Size, Trends and Global Forecast 2023-2032
2Hydrogen Powered Transport Market Definition
Hydrogen powered transport is a vehicle that uses
hydrogen as its internal fuel. The powertrains of
hydrogen vehicles use either internal combustion
engines to burn hydrogen or fuel cells, which use
hydrogen and oxygen to react to produce
mechanical energy and power electric motors.
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3Hydrogen Powered Transport Market Characteristics
The global hydrogen powered transport market grew
from 5.15 billion in 2022 to 8.17 billion in
2023 at a compound annual growth rate (CAGR) of
58.57. The hydrogen powered transport market
size is expected to grow to 51.73 billion in
2027 at a CAGR of 58.62.
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4Key Market Drivers And Trends
Drivers
Trends
An increase in government initiatives for the
development of hydrogen fuel cell infrastructure
is contributed to the growth of the
hydrogen-powered transport market.
The high cost of hydrogen fuel cell vehicles is
expected to hamper the growth of the
hydrogen-powered transport market.
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Drivers, Trends, Restraints, Strategies, And
Opportunities On The Hydrogen Powered Transport
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5Hydrogen Powered Transport Global Market Segments
The report covers the Hydrogen Powered Transport
markets segments-
By Fuel Cell Technology Type
By End Use
Passenger Vehicle, Commercial Vehicle
By Vehicle Type
Proton Exchange Membrane Fuel Cells, Phosphoric
Acid Fuel Cells, Other Fuel Cell Technologies
Cars, Buses, Trucks, Other Vehicles
6Major companies in the market include
Key Market Players
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