Hydrogen Vehicles: Market Forecasts, Key Trends & Segment Analysis 2022-2027

• Market Dynamics: Detailed assessment of how hydrogen vehicles are coming to the fore, including a comparison with battery electric vehicles, an analysis of the technologies involved and an assessment of current areas of success for hydrogen vehicles.  
• Segment Analysis: Future outlook for the development of 5 different markets critical to hydrogen development, including:
  • Consumer Hydrogen Vehicles
  • Commercial Hydrogen Vehicles
  • Hydrogen in Aviation
  • Hydrogen Production
  • Hydrogen Fuelling Infrastructure
• Key Vendor Case Studies: Case studies on important vendors in the hydrogen vehicles space and their differing approaches to the market, including:
  • Audi
  • BMW
  • Daimler
  • Honda
  • Hyundai
  • Toyota
• Benchmark Industry Forecasts: 5-year forecasts provided for the total number of hydrogen vehicles in service, vehicle shipments and accompanying hardware revenue, split by consumer and commercial vehicles. Data is also split by our 8 key regions and the 60 countries listed below:
  • Algeria
  • Argentina
  • Australia
  • Austria
  • Bangladesh
  • Belgium
  • Brazil
  • Canada
  • Chile
  • China
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Ecuador
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Kenya
  • Kuwait
  • Malaysia
  • Mexico
  • Nepal
  • Netherlands
  • New Zealand
  • Nigeria
  • Norway
  • Pakistan
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Qatar
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • Thailand
  • Turkey
  • UK
  • Ukraine
  • United Arab Emirates
  • Uruguay
  • US
  • Vietnam

1. Who are the most successful players in the hydrogen vehicles space, and why?
2. What are the largest geographical markets for growth within hydrogen vehicles?
3. What are the biggest challenges to future growth?
4. What is the value of the hydrogen vehicles market today, and what will it be in 2027?
5. What factors will drive hydrogen vehicles growth?

• Hydrogen vehicle forecasts, including the number in service, shipments and hardware revenue, split by consumer and commercial vehicle types.
• Interactive scenario tool allowing users to manipulate Juniper Research’s data for four different metrics.
• Access to the full set of forecast data of 16 tables and more than 7,300 datapoints.

Geographical splits: 60 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

• Hydrogen vehicles are an increasingly viable alternative to BEVs (Battery Electric Vehicles). The potential for enhanced range and rapid refuelling compares favourably with BEVs; reducing customer anxieties around BEV ownership. These positives have led to significant investment by car manufacturers, including Hyundai, Toyota and BMW, and this will translate into an increasingly popular and available product over the next five years.
• The consumer market will lead the hydrogen vehicles space, with consumer vehicles accounting for over 60% of hydrogen vehicles in service globally in 2027. The nascent development stage of many commercial vehicle types and the high average cost of hydrogen-powered commercial vehicles, at over $70,000 globally in 2022, are key factors limiting adoption.
• Additionally, the low availability of fuelling infrastructure is a key challenge for wider adoption, but heavy industry investment is key to reducing this concern over the next five years. Infrastructure vendors must provide ‘green’ hydrogen, produced using renewable energy sources, to best take advantage of concerns around the environment driving the adoption of alternative fuels.