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Last Updated: Apr 25, 2025 | Study Period: 2022-2030
The articulated hauler can be filled with 12 kg of hydrogen in about 7.5 minutes, allowing it to run for approximately four hours.
By combining hydrogen with oxygen, fuel cells function. Electricity is produced as a result of the chemical reaction, which powers the machine. Fuel cells can also produce heat that can be used to heat the cab. They only produce water vapor.
For hydrogen to be "green" - and it should be green, or there's no point - the electrolyzer used to make the hydrogen should be controlled by wind or sun powered, not by petroleum products
The Global Fuel cell articulated hauler market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
Hydrogen fuel cells are being utilized in a brand-new prototype articulated hauler to address the issue of how to power heavy quarrying machinery in a sustainable manner.
The Volvo HX04, the world's first fuel cell articulated hauler prototype, has begun testing at this year's rescheduled Hillhead and bauma events, where major hauler manufacturers have also been providing details of their most recent innovations. Volvo Construction Equipment (Volvo CE)
Following the completion of a multi-stakeholder research project aimed at establishing new ground in hydrogen technology, the global off-highway machine giant made the eye-catching move.
As Volvo CE continues its research for its future product development programs, the results of the project will provide significant insights into the possibilities offered by hydrogen and fuel cells.
By adhering to its Science Based Targets initiative (SBTi) commitment of net-zero value-chain greenhouse gas emissions and driving industry transformation toward carbon neutrality, Volvo CE has accelerated its work into sustainable power sources.
Other than battery-electric arrangements, where Volvo CE says it is now offering the biggest scope of business items, the organization's endeavors additionally incorporate investigating the capability of zap through hydrogen energy unit innovation. The Volvo HX04, a world-first hydrogen fuel cell articulated hauler prototype, has been tested, marking a significant milestone.
COMPANY PROFILE
10. Production breakup of Fuel Cell Articulated Hauler , by suppliers and their OEM relationship
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, 2022-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2030 |
21 | Product installation rate by OEM, 2022 |
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, 2022 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |