Revolutionizing Urban Transport: Hydrogen Bus Market Growth and Innovations by 2031
Key Ideas
  • The global Hydrogen Bus Market is projected to reach US$ 10.2 billion by 2031, showing a remarkable growth rate of 29.4% annually.
  • Major companies like Hyundai, Toyota, and Daimler are actively involved in the deployment of hydrogen buses for events like the Paris 2024 Olympics.
  • Innovations like the IVECO BUS E-WAY H2 showcase cutting-edge hydrogen storage and electric powertrain systems, pushing towards zero-emission urban transportation.
  • The market research report by DataM Intelligence blends qualitative and quantitative approaches to provide actionable insights for businesses to navigate complex market environments.
The global Hydrogen Bus Market has been on a rapid growth trajectory, reaching US$ 1.3 billion in 2023 and is expected to significantly increase to US$ 10.2 billion by 2031, with a CAGR of 29.4% during the forecast period. The market report by DataM Intelligence offers detailed insights into market trends, growth prospects, and challenges, enabling businesses to make informed decisions and stay competitive. Key growth drivers include government incentives, clean energy policies, innovation in technology, and falling hydrogen prices. Major companies like Hyundai, Toyota, and Daimler are actively involved in deploying hydrogen buses for events such as the Paris 2024 Olympics. For instance, Toyota announced the deployment of hydrogen buses manufactured by Caetano for the Olympics, supported by infrastructure from Hysetco and hydrogen supply from Air Liquide. Innovation is a key focus, with the introduction of the IVECO BUS E-WAY H2 at Busworld 2023. This hydrogen-powered bus features advanced storage and powertrain systems, a significant step towards zero-emission urban transport. The market research process blends primary and secondary data sources, analyzing various industry factors like regulations, market conditions, and technological advancements. The Hydrogen Bus Market is segmented by bus type, technology, power output, application, and end-user. Regions covered include North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market research also addresses key questions on global sales figures, top manufacturers, opportunities, challenges, growth projections, and sales strategies. Overall, the article highlights the positive outlook for the hydrogen bus market, with significant growth opportunities and innovative advancements shaping the future of clean energy public transport.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.