Hydrogen Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Hydrogen Vehicle Landscape

Ballard Power System Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Toyota Motor Corporation
Mercedes-Benz Group AG
Hyundai Motor Company
Hydrogenics, Bayerische Motoren Werke AG
Cummins Inc.
General Motors Company
Power System PLC
Horizon Fuel Cell Technologies

Browse Key Market Insights with Data Illustration:

Hydrogen Vehicle Market Size & Share | Growth Analysis 2037

In the News

Ballard Power Systems a developer and manufacturer of proton exchange membrane fuel cell products received a purchase order for 15 70-kilowatt FCmoveTM-HD fuel cell modules from Tata Motors Limited.
Mercedes-Benz Group AG a revolutionizer in automobile production with Linde will jointly develop liquid-hydrogen refueling technology for hydrogen-powered vehicles.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hydrogen vehicle is evaluated at USD 2.78 billion.

The hydrogen vehicle market size was valued at USD 2.05 billion in 2024 and is anticipated to exceed USD 257.59 billion by the end of 2037, expanding at over 44.6% CAGR during the forecast period i.e., between 2025-2037. The rising awareness among the masses about environmental degradation, as well as the increasing government initiatives of several countries to develop hydrogen fuel cell infrastructure besides the promotion of the use of hydrogen FCVs to reduce greenhouse gas emissions, will boost the market growth.

North America is projected to dominate majority industry share by 2037, attributed to rising initiatives taken by policymakers to cut CO2 emissions in the region by 50% by 2030 from a 2005 baseline, propelled by which a number of significant laws are made in the region.

The major players in the market include Ballard Power System Inc., Toyota Motor Corporation, Mercedes-Benz Group AG, Hyundai Motor Company, Hydrogenics, Bayerische Motoren Werke AG, Cummins Inc., General Motors Company, Power System PLC, Horizon Fuel Cell Technologies.

Hydrogen Vehicle Market - Top Companies and Manufacturers

Companies Dominating the Hydrogen Vehicle Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the hydrogen vehicle market?

What are the factors driving the hydrogen vehicle landscape?

Which region held the largest hydrogen vehicle industry share?

Who are the key players in the hydrogen vehicle sector?