Top Hydrogen Buses Companies

Global Hydrogen Buses Market size was valued at USD 1.07 Billion in 2023 and is poised to grow from USD 1.87 Billion in 2024 to USD 41.34 Billion by 2032, growing at a CAGR of 47.3% in the forecast period (2025-2032).

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. 'Toyota', 'Karsan', 'BAE Systems', 'Tata Motors Limited', 'Thor Industries ', 'Hyundai', 'Ballard Power Systems', 'NovaBus Corporation', 'New Flyer Industries Ltd', 'EvoBus', 'New Flyer', 'Hino Motors Ltd.', 'SunLine Transit Agency'

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.

How Are Government Policies in Asia-Pacific Boosting Hydrogen Mobility?