SAUDI ARABIA FUEL CELL VEHICLE MARKET
The use of hydrogen fuel would play a significant role in reducing emissions in the transportation industry, particularly in the hard-to-decarbonize category of heavy vehicles.
Major automakers and IT companies are working together to encourage the development of internal combustion engine models, low-emission technologies, and effective hybrid solutions.
Future emission reductions from the automotive industry are aided by the trend toward the creation of innovative fuels cells and effective technology for internal combustion engines.
SAUDI ARABIA FUEL CELL VEHICLE MARKET SIZE AND FORECAST
The Saudi Arabia Fuel Cell Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Five agreements with French businesses have just been signed, including one with Gaussin to investigate the possibility of operating hydrogen-powered vehicles, according to the Saudi Arabian Oil Company (Aramco).
Gaussin wants to construct this as a cutting-edge hydrogen vehicle manufacturing facility “Made in Saudi Arabia.”
The goal of the partnership between Aramco and Gaussin is to build a factory in the Kingdom of Saudi Arabia that will produce both on- and off-road hydrogen-powered vehicles.
In order to service the Middle East region, Gaussin and Aramco will first investigate the viability of a manufacturing site and a hydrogen distribution company.
Through its Advanced Innovation Centre, known as LAB7, Aramco hopes to localise the manufacture of hydrogen-powered vehicles in the Kingdom and to create associated technologies.
- Doosan Fuel Cell Co., Ltd
- Toyota Motor Corp
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Saudi Arabia Fuel Cell Vehicle Market right now and how will it change in the next 5-6 years?
- Average cost to set up a Fuel Cell Vehicle Market in Saudi Arabia?
- How many Saudi Arabia Fuel Cell Vehicle Markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Saudi Arabia Fuel Cell Vehicle Market and key vendor selection criteria
- Where is the Saudi Arabia Fuel Cell Vehicle Market manufactured? What is the average margin per equipment?
- Market share of Saudi Arabia Fuel Cell Vehicle Market manufacturers and their upcoming products
- The most important planned Saudi Arabia Fuel Cell Vehicle Market in next 2 years
- Details on network of major Saudi Arabia Fuel Cell Vehicle Market and pricing plans
- Cost advantage for OEMs who manufacture Saudi Arabia Fuel Cell Vehicle Market in-house
- 5 key predictions for next 5 years in Saudi Arabia Fuel Cell Vehicle Market
- Average B-2-B Saudi Arabia Fuel Cell Vehicle Market price in all segments
- Latest trends in Saudi Arabia Fuel Cell Vehicle Market, by every market segment
- The market size (both volume and value) of Saudi Arabia Fuel Cell Vehicle Market in 2022-2027 and every year in between?
- Global production breakup of Saudi Arabia Fuel Cell Vehicle Market, by suppliers and their OEM relationship