The hydrogen powered transport market consists of the sales of hydrogen powered transport services and related goods by entities (organizations, sole traders and partnerships) that are engaged in the manufacturing of electric vehicles. Only goods and services traded between entities or sold to end consumers are included.
The hydrogen powered transport market covered in the report is segmented by fuel cell technology type into proton exchange membrane fuel cells, phosphoric acid fuel cells, others; by vehicle type into cars, buses, trucks, others; by end use into passenger vehicle, commercial vehicle.
The global hydrogen powered transport market is expected to grow from $2.09 billion in 2020 to $3.27 billion in 2021 at a compound annual growth rate (CAGR) of 56.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.04 billion in 2025 at a CAGR of 58%.
An increase in government initiatives for the development of hydrogen fuel cell infrastructure is contributing to the growth of the hydrogen-powered transport market. Several approaches have been disposed of by different governments to cater to environmental conditions. For instance, the federation of California in the U.S. committed endows for the development of 100 hydrogen refueling stations to meet its goal of 1.5 million zero-emission vehicles by 2025. Another proposal has California working with other states to correspond regulations and building codes to ease the location and construction of refueling stations for hydrogen and electric vehicles. The goal of this collective effort is to put 3.3 million ZEVs on the highways in those states by 2025 with the goals of diminishing greenhouse gas emissions, improving air quality and public health, while enhancing energy diversity, saving consumer's money, and promoting economic growth, which in turn will propel the revenues generated for the hydrogen-powered transport market.
The high cost of hydrogen fuel cell vehicles is expected to hamper the growth of the hydrogen-powered transport market. The costs of producing and shipping hydrogen are relatively high compared to gasoline. According to the California Fuel Cell Partnership, in 2019, fuel cell cars themselves are more expensive to purchase new, and the hydrogen fuel costs work out to roughly $5.60 a gallon. Also, according to California Hydrogen Researchers, in 2020, the configuration required for producing, transporting, and dispensing the hydrogen gas alone will cost about $10 billion. Thus, the high cost associated with hydrogen fuel cell vehicles is restricting the hydrogen-powered transport market growth during the forecast period.
The launch of a prototype of a hydrogen fuel cell forklift is gaining popularity in the hydrogen-powered transport market. Major players operating in the industry are continuously focusing on introducing innovations and technologies to better serve the needs of consumers. For instance, in October 2020, Hyundai Mobis has developed a prototype hydrogen fuel cell forklift with Hyundai Motor Company and Hyundai Construction Equipment. The hydrogen fuel cell forklift established can lift up to five tons and can be managed continuously for five hours when its hydrogen fuel cell is fully charged. The forklift has been adapted with a hydro fuel cell system mass-produced by Hyundai Motor Group. In the process of doing so, Hyundai Mobis independently developed a fuel cell power pack optimized for hydrogen fuel cell forklifts.
In December 2018, OneH2, a USA- based hydrogen fuel company announced the acquisition of Hyster-Yale Materials Handling, Inc.’s wholly-owned subsidiary, Nuvera Fuel Cells, LLC for an undisclosed amount. The acquisition is expected to contribute substantially all of Nuvera Fuel Cells, LLC’s PowerTap® hydrogen generator assets, excluding related intellectual property to OneH2. Nuvera Fuel Cells, LLC is a US-based company that offers hydrogen generation appliances, proton exchange membrane fuel cell stacks, hydrogen generation, and dispensing products.
North America was the largest region in the hydrogen powered transport market in 2020. The regions covered in the global apparel market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the global hydrogen powered transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The major players covered in the global hydrogen powered transport market are Honda, Toyota, Hyundai, BMW, General Motors, Foton, Mercedes-Benz, Volkswagen, SAIC, FeiChi Bus, Dongfeng, Volvo, Ballard Power Systems, Audi, MAN, Groupe Renault, Mazda Motor Corporation, Hydrogenics, Kia Motor Corporation, Tata Motors Limited, Nikola Corporation.
The global hydrogen powered transport market is segmented -
1) By Fuel Cell Technology Type: Proton Exchange Membrane Fuel Cells, Phosphoric Acid Fuel Cells, Others
2) By Vehicle Type: Cars, Buses, Trucks, Others
3) By End Use: Passenger Vehicle, Commercial Vehicle
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The feed processing equipment market consists of sales of feed processing equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing feed processing equipment such as feed expanders, feed conditioners, pellet feed coolers, etc.
Only goods and services traded between entities or sold to end consumers are included.The global feed processing equipment market is expected to grow from $47.77 billion in 2020 to $52.3 billion in 2021 at a compound annual growth rate (CAGR) of 9.5%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The rise in livestock population led to increase in the requirement for feed which in turn is likely to fuel the demand for feed processing equipment.
According to the 20th Livestock Census report by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, published in October 2019, the total livestock population in India is 535.78 million in 2019 which recorded an increase of 4.6% over the livestock census of 2012.
Moreover, electricity and labor require high capital investment making it unaffordable for middle, low-income producers, thereby acting as a major restraint for the market growth.Plant manufacturers are launching revolutionary technology intending to improve the operation, increase efficiency, and setting up other equipment to offer an advantage over other machines.
Over the years, different alternatives to vehicle use have been put forward so that commuters can get to their destinations faster.
We now have motorbikes, electric trains and for relatively longer distances we can choose to take flights.
We would like to focus on short to medium distance travels and a cheaper, easier and energy efficient means of travel; cycling.
Fully Charged is an Electric Bike Supplier UK offering you the best electric bikes you can get in 2018.
We stock top electric bike brands ensuring that you get value for your purchase.Fully Charged offers you electronic bikes that are a highly competitive alternative to the above mentioned more traditional forms of travel.
As an owner of a business or an executive in a corporate organization, you may wonder why you would opt to use the electronic bikes over cars, vans, mopeds and motorbikes.
Distribution transformers are the ultimate source to provide continuous smooth electricity at the end use.
Read this post carefully to get ideas that how distribution transformer helps fulfilling the need of electricity.
At the power generation plant, electricity is produced at a lower voltage.
But while transferring power from one place to another, there are certain losses on the way and to compensate that loss we need to increase the voltage.
For that purpose, we use distribution transformers which decrease the high voltage to the needed voltage level based in the application arena.
Distribution transformers are designed in small and large sizes as per the need.
Over the past few decades, more and more stringent standards are being enforced for the industries generating effluents with high organic and inorganic nitrogen.
Biochemical nitrification of industrial wastewater is a two step process involving two different types of micro organisms.
These microorgnisms have low cell yield and poor flocculating properties.
Moreover, these micro organisms are sensitive to environmental conditions within the reactor e.g.
pH, salinity, presence of toxic and inhibitory substances and COD:N ratios.
Due to complex nature of industrial effluents, achieving stable nitrification is often a challenge due to frequent wash outs and inhibition effects of the wastewater matrix itself.
If there's one car that's got everyone buzzing these days, it's the Porsche Taycan.
It's a new battery electric vehicle from the German automaker, a production version of the Mission E electric concept we first saw in 2015.
Deliveries of the car start for some lucky customers before the end of this year, and that means Porsche is starting to open up about the new car.
Ars has an in-depth look at the tech inside the Taycan in the works, but you'll have to wait until September and the car's official launch before we can share that with you.
In the meantime, though, a few more details have emerged about the car thanks to a new video from the Fully Charged crew.
Tesla’s P100D: I got 99 problems, but not being able to go really fast ain’t one
New York, NY 01 Mar 2021: The global electric transporters market is anticipated to reach USD 69.5 billion by 2026 according to a new study published by Polaris Market Research.
Increasing use of electric transporters will lead to energy security, rising quality of air, lesser noise pollution, lesser emission of greenhouse gases in concert with low-carbon power generation mix.
Moreover, as e-vehicles are the trending innovating clusters in the automotive sector, these products have substantial potential to enhance industrial and economic competitiveness, hence attracting investments wherever major markets can be developed in the near future.
Significant industry uptake of this segment of automobiles has occurred in the recent years.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/electric-transporters-market/request-for-sample The increasing sales volumes of electric transporters along with the growing competition in the development of noble technologies are most likely to contribute continuous reduction in manufacturing cost of batteries, which is the most primary cost component of e-transporters.
In 2017, the EU, China and India that together accounted for roughly 60% of the worldwide LDV market proposed and later implemented significant changes in policies that are likely to accelerate the phase of e-transporters and share their deployment in a global scale.
