The global hydrogen buses market size is calculated at USD 2.39 billion in 2025 and is forecasted to reach around USD 78.15 billion by 2034, accelerating at a CAGR of 47.34% from 2025 to 2034. The Asia Pacific hydrogen buses market size surpassed USD 2.03 billion in 2025 and is expanding at a CAGR of 47.40% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Hydrogen Buses Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Hydrogen Buses Market, by Technology
8.1.1 Proton Exchange Membrane Fuel Cells
8.1.1.1. Market Revenue and Forecast
8.1.2. Direct Methanol Fuel Cells
8.1.2.1. Market Revenue and Forecast
8.1.3. Phosphoric Acid Fuel Cells
8.1.3.1. Market Revenue and Forecast
8.1.4. Zinc-Air Fuel Cells
8.1.4.1. Market Revenue and Forecast
8.1.5. Solid Oxide Fuel Cells
8.1.5.1. Market Revenue and Forecast
9.1. Hydrogen Buses Market, by Power Output
9.1.1. <150 KW
9.1.1.1. Market Revenue and Forecast
9.1.2. 150–250 KW
9.1.2.1. Market Revenue and Forecast
9.1.3. >250 KW
9.1.3.1. Market Revenue and Forecast
10.1. Hydrogen Buses Market, by Transit Bus Models
10.1.1. 30-Foot Transit Buses
10.1.1.1. Market Revenue and Forecast
10.1.2. 40-Foot Transit Buses
10.1.2.1. Market Revenue and Forecast
10.1.3. 60-Foot Transit Buses
10.1.3.1. Market Revenue and Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology
11.1.2. Market Revenue and Forecast, by Power Output
11.1.3. Market Revenue and Forecast, by Transit Bus Models
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology
11.1.4.2. Market Revenue and Forecast, by Power Output
11.1.4.3. Market Revenue and Forecast, by Transit Bus Models
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology
11.1.5.2. Market Revenue and Forecast, by Power Output
11.1.5.3. Market Revenue and Forecast, by Transit Bus Models
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology
11.2.2. Market Revenue and Forecast, by Power Output
11.2.3. Market Revenue and Forecast, by Transit Bus Models
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology
11.2.4.2. Market Revenue and Forecast, by Power Output
11.2.4.3. Market Revenue and Forecast, by Transit Bus Models
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology
11.2.5.2. Market Revenue and Forecast, by Power Output
11.2.5.3. Market Revenue and Forecast, by Transit Bus Models
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology
11.2.6.2. Market Revenue and Forecast, by Power Output
11.2.6.3. Market Revenue and Forecast, by Transit Bus Models
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology
11.2.7.2. Market Revenue and Forecast, by Power Output
11.2.7.3. Market Revenue and Forecast, by Transit Bus Models
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology
11.3.2. Market Revenue and Forecast, by Power Output
11.3.3. Market Revenue and Forecast, by Transit Bus Models
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology
11.3.4.2. Market Revenue and Forecast, by Power Output
11.3.4.3. Market Revenue and Forecast, by Transit Bus Models
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology
11.3.5.2. Market Revenue and Forecast, by Power Output
11.3.5.3. Market Revenue and Forecast, by Transit Bus Models
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology
11.3.6.2. Market Revenue and Forecast, by Power Output
11.3.6.3. Market Revenue and Forecast, by Transit Bus Models
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology
11.3.7.2. Market Revenue and Forecast, by Power Output
11.3.7.3. Market Revenue and Forecast, by Transit Bus Models
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology
11.4.2. Market Revenue and Forecast, by Power Output
11.4.3. Market Revenue and Forecast, by Transit Bus Models
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology
11.4.4.2. Market Revenue and Forecast, by Power Output
11.4.4.3. Market Revenue and Forecast, by Transit Bus Models
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology
11.4.5.2. Market Revenue and Forecast, by Power Output
11.4.5.3. Market Revenue and Forecast, by Transit Bus Models
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology
11.4.6.2. Market Revenue and Forecast, by Power Output
11.4.6.3. Market Revenue and Forecast, by Transit Bus Models
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology
11.4.7.2. Market Revenue and Forecast, by Power Output
11.4.7.3. Market Revenue and Forecast, by Transit Bus Models
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology
11.5.2. Market Revenue and Forecast, by Power Output
11.5.3. Market Revenue and Forecast, by Transit Bus Models
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology
11.5.4.2. Market Revenue and Forecast, by Power Output
11.5.4.3. Market Revenue and Forecast, by Transit Bus Models
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology
11.5.5.2. Market Revenue and Forecast, by Power Output
11.5.5.3. Market Revenue and Forecast, by Transit Bus Models
12.1. Tata Motors Limited
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Thor Industries
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hyundai
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Ballard Power Systems
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. NovaBus Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. New Flyer Industries Ltd
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. EvoBus
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. New Flyer
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hino Motors Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. SunLine Transit Agency
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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