Europe Hydrogen Vehicle Market 2021-2026

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    EUROPE HYDROGEN VEHICLE MARKET

     

    INTRODUCTION

    Hydrogen fuel cell technology enables the development of powertrains that do not produce tailpipe greenhouse gases or other hazardous pollutants like nitrogen oxides and particulate matter.

     

    This feature encourages vendors to use this technology. However, the expensive cost of raw materials like platinum in the fuel cell anode and carbon fibre to manufacture the hydrogen fuel tanks, as well as other materials necessary to construct hydrogen infrastructure, is predicted to stymie the hydrogen fuel cell vehicle.

     

    As public concern about environmental deterioration and the depletion of natural resources grows, different technologies that promote the eco-friendly notion of environmental sustainability are being introduced.

     

    A hydrogen fuel cell vehicle’s on-board electric motor is powered by a hydrogen fuel cell. Hydrogen is used to power a hydrogen fuel cell, which produces energy.

     

    infographic: Europe Hydrogen Vehicle Market, Europe Hydrogen Vehicle Market Size, Europe Hydrogen Vehicle Market Trends, Europe Hydrogen Vehicle Market Forecast, Europe Hydrogen Vehicle Market Risks, Europe Hydrogen Vehicle Market Report, Europe Hydrogen Vehicle Market Share

    Hydrogen fuel cell cars have a significant potential for lowering transportation-related pollutants. Unlike diesel and gasoline cars, this vehicle produces no greenhouse gas (GHG) emissions while in operation.

     

    The expense of a hydrogen fuel cell powertrain system is presently a major impediment to implementation. It is much higher than the powertrain of a battery electric car.

     

    The fuel cell stack, which is the heart of the hydrogen fuel cell powertrain, accounts for around half of the system’s cost. Hydrogen is an energy carrier with enormous promise for clean, efficient power generation in fixed, portable, and transportation applications.

     

    It is envisioned as a key component of the future transportation fuel mix, improving energy security, lowering oil reliance, greenhouse gas emissions, and air pollution.

     

    EUROPE HYDROGEN VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Ford moves into EV Commercial Van Segment Ford Motors has announced its entry into commercial segment of vans manufacturing based upon the Electric propulsion. Europe This would enhance better EV battery Technologies and production

     

    EUROPE HYDROGEN VEHICLE MARKET DYNAMICS

    Europe is making strides in developing a possible commercial vehicle fleet market all over the union nations as it has been expanding rapidly in terms of industrial mobilization with more and more interfaces of talks being held across for renewable energy-based procurement and installations being setup at varied amounts of items.

     

    Europe has one of the most established hydrogen marketplaces in the world, accounting for more than half of all projects. Both the United Kingdom and the European Union have plans to expand their hydrogen offerings and have pledged to reach production capacities of five gigatons (GW) and 40 GW, respectively, by 2030.

     

    Despite the sector’s maturity, Europe’s hydrogen still requires significant development in order to meet net zero objectives and become a viable fuel source for automotive applications.

     

    The difficulty with this approach is that it relies on fossil fuel to create hydrogen, which contradicts hydrogen’s stated advantage in terms of sustainability over gasoline and diesel-powered cars.

     

    The next step for Europe has been to make hydrogen-powered cars economically feasible. If demand for hydrogen stays low, the expense of generating and providing hydrogen may be passed on to end consumers.

     

    This would imply that hydrogen vehicles would be more expensive to operate than both battery electric vehicles (BEVs) and fossil-fuelled vehicles. As a result, any technology that may reduce costs is critical to increasing acceptance.

     

    Fuel cell electric cars convert hydrogen into electricity on a continuous basis, which charges the vehicle’s battery. The majority of surplus energy may be stored to assist power the vehicle through a technique known as regenerative braking. If, on the other hand, the battery is already completely charged or

     

    EUROPE HYDROGEN VEHICLE MARKET SEGMENTATION

    The Europe Hydrogen Vehicle Market can be segmented into following categories for further analysis.

    By Vehicle Classification Type

    • Passenger Vehicles
    • Commercial Vehicles
    • Long Haulage Vehicles
    • Industrial Vehicles
    • Large Scale Vehicles

     

    By Volume Categorization Type

    • Large Scale Packaging Provisioners
    • Small Scale Packaging Provisioners
    • Omni Business Packaging Provisioners
    • Medium Scale Packaging Provisioners

     

    By Type of Technology

    • Proton Exchange Membrane Fuel Cell
    • Phosphoric Acid Fuel Cells

     

    RECENT TECHNOLOGICAL TRENDS IN EUROPE HYDROGEN VEHICLE MARKET

    In the European Strategic Energy Technology Plan, which was published alongside the Energy Policy Package in January 2008, hydrogen and fuel cell technologies were listed as among the new energy technologies required to achieve a 60% to 80% decrease in greenhouse gas emissions by 2050.

     

    The Hydrogen and Fuel Cell Technology Platform was established in 2003 to recognize the potential of fuel cells and hydrogen to improve energy security and combat climate change.

     

    Fuel cell electric cars convert hydrogen into electricity on a continuous basis, which charges the vehicle’s battery. The majority of surplus energy may be stored to assist power the vehicle through a technique known as regenerative braking.

     

    However, if the battery is already fully charged or if the system fails, there must be a mechanism in place to disperse the excess energy. A dynamic braking resistor (DBR) is one of the most effective methods of safely dissipating surplus energy while keeping the system functioning.

     

    It is a water-cooled resistor that provides for safe dissipation without the use of additional components, resulting in an 80% weight reduction when compared to a typical air-cooled DBR.

     

    These weight-saving qualities lower the vehicle’s burden, allowing it to drive further on the same amount of energy. This is especially useful for weight-sensitive freight vehicles like pulp and paper or iron and steel transport.

     

     

    EUROPE HYDROGEN VEHICLE MARKET COMPETITIVE LANDSCAPE

    The Europe market has been making a focused approach of operations throughout the requirements of the union as part of the green energy approach and carbon negative emissions being met as a goal of importance.

     

    The European Union has been making its focus largely on the planned approach of better optimizations and better EV integrations into the commercial vehicles market as well.

     

    Toyota Europe has been part of the latest development and trend towards hydrogen-based vehicle development and manufacturing. Hydrogen Mobility Europe (H2ME) is a flagship project aimed at developing the first truly pan-European network of hydrogen refuelling stations.

     

    This is a giant leap forward for the hydrogen society, giving drivers of hydrogen-powered vehicles access to fuelling stations on a much more basic level.

     

    The aim of the H2ME Project is to demonstrate the technical and commercial readiness of hydrogen vehicles, fuelling stations and production techniques, through significantly expanding the European hydrogen-powered vehicles fleet.

     

    Under the same propulsion funding, Toyota Mirai Second generation has been developed with driving range extended by up to 30%, a more exciting drive and improved acceleration.

     

    The newest rear wheel drive modular platform architecture not only supports the new Mirai’s innovative hydrogen fuel cell powertrain and rear wheel drive, but also allows for higher body stiffness, resulting in improved agility and responsiveness, while its lower center of gravity assists in agile handling.

     

    The improved fuel cell stack is to blame for the Toyota Mirai’s smooth acceleration and refined driving experience.

     

    BMW is part of the current improvisation programme of Hydrogen Fuel Cell stack-based vehicles in the European Nations. The fuel cell system for the powertrain for the BMW Hydrogen NEXT generates up to 125 kW (170 hp) of electric power from the chemical reaction between hydrogen and oxygen from the ambient air.

     

    This indicates that the car emits just water vapour. The electric converter, which is positioned beneath the fuel cell, adjusts the voltage level to that of both the electric powertrain and the peak power battery, which is fed by both braking energy and fuel cell energy.

     

    The vehicle also has two 700 bar tanks that can store a total of six kilos of hydrogen. The fifth-generation e Drive unit, which will debut in the BMW iX3, is completely incorporated into the BMW I Hydrogen NEXT as well.

     

    When overtaking or accelerating, the peak power battery located above the electric motor adds an extra dose of dynamics. The 275 kW (374 hp) total system output feeds the usual driving dynamics for which BMW is famous.

     

    This hydrogen fuel cell electric powertrain will be piloted in a limited series based on the existing BMW X5, which the BMW Group intends to introduce in 2022.

    EUROPE HYDROGEN VEHICLE MARKET COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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