USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Fuel Cell Electric Bus Market – Growth Opportunities, Analysis, Forecast, North America, 2022
Future Growth Potential Of Fuel Cell Buses Among Fleets Will Be Influenced By Regional Impetus For Carbon Neutrality,Global Fuel Cell Buses Market,Fuel Cell Electric Bus Market,Hydrogen Buses Market
16-Dec-2022
North America
Market Research
PDD8-01-00-00-00
AU02466-GL-MT_27203
To meet international climate targets and develop sustainable zero-emission technologies, the mobility industry is expediting the transition to powertrain electrification and gradually reducing dependence on diesel powertrains. In addition to stringent emission norms, subsidies, and tax exemptions, governments are promoting the use of alternative powertrains in buses plying low-emission zones. The environmental impact of conventional fossil fuels will influence policy decisions in both developed and developing markets. Hydrogen is emerging as a key source of energy to better manage and store the excess electricity generated through sustainable power generation methods, such as solar and wind.
The development of hydrogen fuel cells for mobility applications is gaining traction, and given the various public and private sector initiatives to propel hydrogen mobility, there are immense growth opportunities worldwide for fuel cell transit and coach buses. The next 2-to-5 years will see a host of new participants entering the market, especially in the electrification and fuel cell trucking space. There are also new and cross-industry participants that want a share of the commercial vehicle business pie and are working on different market approaches to identify new revenue verticals in this nascent industry.
Author: Jagadesh Chandran1
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Fuel Cell Bus Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Snapshot of Fuel Cell Bus Market Size by 2030: Transit and Coach
Global Fuel Cell Bus Trends in 2022
Diesel, NG, Electric, Fuel Cell Transit Bus Operational CPM Comparison
Diesel, NG, Electric, Fuel Cell Transit Bus Operational CPM Comparison
Major OEMs Offering FCEVs, Global
Scope of Analysis
Powertrain Technology Segmentation
Vehicle Segmentation
Global Fuel Cell Bus: Operation Parameters
Growth Drivers for Fuel Cell Bus Adoption
Growth Restraints for Fuel Cell Bus Adoption
Stages of Fuel Cell Bus Demonstration
Factor Influencing the Fuel Cell Bus Market: Regional Status
Factor Influencing the Fuel Cell Bus Market: Regional Status (continued)
Anticipated Global Fuel Cell Bus Deployment Timelines
Hydrogen Technology Development Activities
Strategic Industry Associations and Collaborations
Snapshot of Fuel Cell Transit and Coach Bus Market Size by
Market Presence of Leading Bus Manufacturers
Market Presence of Leading Bus Manufacturers (continued)
Key OEMs’ FC Bus Portfolio and Anticipated Launch Plans
Key OEMs’ Anticipated e-LCV Launches
Key Suppliers’ Capability Snapshot, North America and Europe
Key Suppliers’ Capability Snapshot, Asia
Strategy and Development Roadmap: Daimler
Strategy and Development Roadmap: Solaris
Strategy and Development Roadmap: Van Hool
Strategy and Development Roadmap: Van Hool (continued)
Strategy and Development Roadmap: Caetano
Strategy and Development Roadmap: Hyzon
Strategy and Development Roadmap: Hyundai
Strategy and Development Roadmap: Toyota
Strategy and Development Roadmap: Safra
Strategy and Development Roadmap: Wrightbus
Strategy and Development Roadmap: NFI Group
Strategy and Development Roadmap: ENC
Strategy and Development Roadmap: Geely Auto
Strategy and Development Roadmap: Foton
Strategy and Development Roadmap: Yutong
Strategy and Development Roadmap: Ankai
Strategy and Development Roadmap: ZhongTong Bus
Strategy and Development Roadmap: Kinglong
Strategy and Development Roadmap: Kinglong (continued)
Strategy and Development Roadmap: GREE Altairnano New Energy
Parameters/Assumptions: Transit Bus, North America
Diesel, NG, Electric, Fuel Cell Transit Bus Operational CPM Comparison
Parameters and Assumptions: Transit Buses, Europe
Diesel, NG, Electric, Fuel Cell Transit Bus Operational CPM Comparison
Fuel Cell Bus Deployment and Installation Plans, Europe
Europe: Fuel Cell Mobility Projects
Incentives and Taxations for Cars, Vans, and Buses: Europe
Fuel Cell Bus Deployment and Installation Plans, US
Incentives and Taxation for Fuel Cell Buses and Infrastructure: US
China Fuel Cell Vehicle Policy
Leading Hydrogen Development and Adoption Cities: China
China: Hydrogen Corridors
Growth Opportunity 1: Advanced Hydrogen Storage Technology
Growth Opportunity 1: Advanced Hydrogen Storage Technology
Growth Opportunity 2: Mass-market Adoption
Growth Opportunity 2: Mass-market Adoption
Growth Opportunity 3: Favourable Hydrogen Cost
Growth Opportunity 3: Favourable Hydrogen Cost
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
List of Figures
- Fuel Cell Bus: Transit Bus Cost per Mile Comparison of Powertrains, North America, 2022 and 2035
- Fuel Cell Bus: Transit Bus Cost Per Mile Comparison of Powertrains, Europe, 2022 and 2035
- Fuel Cell Bus: Growth Drivers, Global, 2023–2035
- Fuel Cell Bus: Growth Restraints, Global, 2023–2035
- Fuel Cell Bus: Transit Bus Cost per Mile Comparison of Powertrains, Europe, 2022 and 2035
Speak directly with our analytics experts for tailored recommendations.
Recent related Automotive research
23 Oct 2026 | Global | Technology Research
Growth Opportunities in Vision Sensing, Automated Logistics, Drones, Batteries and RISC-V Cores
The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to Vision Sensing, Automated Logistics, Drones, Batteries and RISC-V Cores.The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-based mobile platforms ...
16 Oct 2026 | Global | Market Research
Via Transportation: Strategic Profile, Global, 2026
Via Transportation, Inc. (Via) is a leading business-to-business (B2B) transit software and tech-enabled operations company. The company’s platform serves five segments of the global demand-response transit (DRT) market: microtransit, paratransit, school transport, corporate/campus transport, and no...
15 Oct 2026 | Asia Pacific | Market Outlook
Automotive Market Opportunities, South Korea, 2026
This Frost & Sullivan report analyzes South Korea’s automotive market, focusing on passenger vehicles and light commercial vehicles.South Korea has built a fully integrated supply chain, covering everything from manufacturing to sales and aftermarket services. The entire business cycle is continuous...
15 Oct 2026 | Asia Pacific | Market Research
Replacement Turbocharger Aftermarket in Passenger and Light Commercial Vehicles, China, 2026–2032
This study provides a comprehensive assessment of the automotive turbocharger replacement aftermarket in China, with a 2025 base year and forecasts extending through 2032. The analysis covers the replacement market across passenger vehicles and light commercial vehicles, evaluating market size, unit...
13 Oct 2026 | North America | Frost Radar
Frost Radar™: Commercial Vehicle Telematics in North America, 2026
The North American commercial vehicle telematics market is moving from basic vehicle tracking and compliance to broader digital fleet management, creating a more competitive but also more diverse growth environment. Traditional telematics functions, such as GPS tracking, remain important, particular...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.