H2-ICE Market Worth 36,400 Units By 2035 Marketsandmarkets

(MENAFN- PR Newswire) Europe is estimated to have the largest market share in the H2-ICE market during the forecast period. Europe's market dominance is mainly attributed to stringent greenhouse gas emission regulations. The European Union has set various targets to decarbonize their commercial vehicles. The European region has a presence in major automotive OEMs and engine manufacturers working on the H2-ICE technology, such as AB Volvo (Sweden), MAN (Germany), JCB (UK), KEYOU GmbH (Germany), and Liebherr (Switzerland). AB Volvo started the development of H2-ICE in 2024. The engine is expected to enter road tests by 2026, and the commercial launch is expected by 2030. MAN is developing hydrogen engines for commercial vehicles; the company plans to deliver the first 200 hydrogen engines to its European customers by 2025. JCB has begun the on-road tests of its hydrogen engine in the UK and plans to commercialize it soon. KEYOU GmbH has already supplied trucks with hydrogen engines to European fleet operators. Thus, the presence of key OEMs and the European Union's stringent emission rules will drive the market for H2-ICE in Europe.

Key Market Players H2-ICE Industry :

Prominent players in the H2-ICE Market include as Cummins Inc. (US), J C Bamford Excavators (UK), Ashok Leyland (India), MAN (Germany), and HD Hyundai Infracore (South Korea).

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This report provides insights on:

• Analysis of key drivers ( Stringent GHG emission norms, Government and OEMs push to develop H2-ICE and Benefits of hydrogen over other near-zero emission technologies), restraints ( storage and transpiration of H2 ), opportunities ( H2-ICE components demand would create potential market for Tier 1 Suppliers ), and challenges ( High initial costs for H2 engines and infrastructure and Challenges associated with H2 ICE engines) are fueling the demand of the H2-ICE market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the H2-ICE market.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the H2-ICE market
• Competitive Assessment: In-depth assessment of market ranking, growth strategies, and product offerings of leading players in the H2-ICE market, such as Cummins Inc. (US), Deutz AG (US), Ashok Leyland (India), Paccar Inc. (US), AB Volvo (Sweden) HD Hyundai Infracore (South Korea), MAN (Germany), J C Bamford Excavators Ltd. (UK), Liebherr (Switzerland), KEYOU GmbH (Germany).
• The report showcases an in-depth analysis of the total cost of ownership between Diesel Vs. H2-ICE Vs. FCEV. It studies factors like initial costs, fuel costs, maintenance costs, and a few additional costs.
• The report showcases a comparison between H2-ICE Vs. FCEV Vs. Diesel Vs. Biofuel based on load capacity, technologies associated for combustion, infrastructural requirements, emissions and fuel relations.

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Hydrogen Truck Market - Global Forecast to 2035

Future of Hydrogen in Automotive Market - Global Forecast 2035

Hydrogen Fuel Cell Vehicle Market - Global Forecast to 2030

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