Top Hydrogen Buses Companies

Global Hydrogen Buses Market size was valued at USD 1.78 Billion in 2024 and is poised to grow from USD 2.64 Billion in 2025 to USD 61.33 Billion by 2033, growing at a CAGR of 48.2% during the forecast period (2026–2033). 

With large corporations such as Ballard Power Systems, Hyundai, Toyota, and Wrightbus making investments in fuel cell technology, the hydrogen buses market is becoming increasingly competitive. Competitive forces are being fueled by competitive strategies such as government partnerships, public-private partnerships with transportation agencies, and fuel economy improvements. To enhance market penetration, players are also attempting to expand public-private partnerships and hydrogen supply chains. For example, Hyundai and Cummins are jointly working on fuel cell technology to enhance hydrogen bus performance. 'Hyundai Motor Company (South Korea) ', 'Daimler Buses (Germany) ', 'Wrightbus (UK) ', 'NFI Group Inc. (Canada) ', 'Solaris Bus & Coach (Poland) ', 'Tata Motors Limited (India) ', 'Volvo Group (Sweden) ', 'Hino Motors (Japan) ', 'Toyota Motor Corporation (Japan) ', 'Ballard Power Systems (Canada) ', 'Van Hool (Belgium) ', 'SAIC Motor Corporation Limited (China) ', 'Proterra Inc. (USA) ', 'CAF (Construcciones y Auxiliar de Ferrocarriles) (Spain) ', 'SunLine Transit Agency (USA) ', 'Otokar (Turkey) ', 'Karsan (Turkey) ', 'Medha (India) ', 'Volgren (Australia) ', 'Zhongtong Bus (China)'

Governments globally are making large investments in hydrogen mobility in the form of tax incentives, subsidies, and legislation mandating public transport to be zero emission. For example, large amounts of funding for the take-up of hydrogen buses have been made available by the EU's Hydrogen Strategy and the U.S. Infrastructure Investment and Jobs Act. These policies are stimulating the use of hydrogen buses, decreasing fossil fuel dependence, and encouraging more eco-friendly public transportation.

Integrating Green Hydrogen Production: Green hydrogen, created by electrolysis using renewable power, is becoming a reality. To offer genuinely emission-free public transport, several hydrogen bus projects already focus on utilizing solar- or wind-based hydrogen production. To offer green hydrogen for their fleets of hydrogen buses, Germany and Japan are building green hydrogen factories.

Asia Pacific dominated with the highest hydrogen buses market share in 2024 and will continue to do so during the forecast period. Various countries of the region are witnessing high automotive industry growth. Various government efforts to restrict the level of emissions and supportive government policies to facilitate more sustainable mobility solutions are driving regional growth to the top level. Japan, South Korea, and China, have a strong commitment towards hydrogen technologies. Governments in these countries have provided extensive monetary support and incentives to the development of hydrogen-powered cars and deployment thereof, including buses.