GLOBAL FUEL CELL TRUCK MARKET

INTRODUCTION

The propulsion method used by FCEVs is comparable to that of electric vehicles, with the fuel cell converting hydrogen-stored energy into electricity. These automobiles don't emit any harmful exhaust emissions, unlike those powered by traditional internal combustion engines.

Hydrogen and oxygen are combined in a fuel cell. The hydrogen is changed into electricity as a result of the chemical reaction. This power enters the high-voltage electrical system of the truck, which is linked to the battery and electric motors.

Transportation, material handling, and permanent, portable, and emergency backup power are just a few of the many uses for fuel cells. Fuel cells that utilise hydrogen can produce electricity through a chemical reaction as opposed to combustion, with the only byproducts being heat and water. 

GLOBAL FUEL CELL TRUCK MARKET SIZE AND FORECAST

The Global Fuel Cell truck market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Volvo Trucks already sells battery-operated vehicles as well as vehicles that run on alternative fuels like biogas. A third CO2-neutral option—fuel cell electric trucks powered by hydrogen—will be added to its product lineup in the second half of this decade. 

The fuel cell electric trucks will have a refuelling period of less than 15 minutes and an operational range up to 1000 km, which is similar to many diesel trucks. The two fuel cells may produce 300 kW of electricity onboard, and the overall weight may be 65 tonnes or possibly more.

No matter the transit assignments, our customers will be able to entirely eliminate CO2 exhaust emissions from their trucks thanks to the combination of battery and fuel cell electric technology.

Fuel cell technology is still in its infancy, and while it offers numerous advantages, there will also be some difficulties in the future. Green hydrogen on a large scale is one of them. The lack of infrastructure for heavy vehicle refuelling is a further issue.

Given that many businesses will rely on it to cut CO2, they anticipate that the supply of green hydrogen will dramatically rise over the next few years. 

COMPANY PROFILE

• Plug power
• Doosan Fuel cell
• Ballard Power System
• Ceres Power
• Hyzon motors
• AFC Energy

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many  Fuel Cell truck are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a  Global Fuel Cell truck and key vendor selection criteria
3. Where is the Fuel Cell truck manufactured? What is the average margin per unit?
4. Market share of Global Fuel Cell truck market  manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Fuel Cell truck in-house
6. key predictions for next 5 years in Global  Fuel Cell truck market
7. Average B-2-B  Fuel Cell truck market price in all segments
8. Latest trends in  Fuel Cell truck market, by every market segment
9. The market size (both volume and value) of the  Fuel Cell truck market in 2023-2030 and every year in between?
10. Production breakup of  Fuel Cell truck market, by suppliers and their OEM relationship