수소 버스 시장 규모, 점유율, 성장 분석 : 연료 유형별, 버스 유형별, 출력별, 기술별, 추진 방식별, 용도별, 지역별 - 업계 예측(2026-2033년)

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).

The escalating greenhouse gas emissions from the transportation sector, coupled with rapid urbanization, necessitate urgent action towards pollution mitigation and emission reductions. This has spurred the need for alternative fuels and powertrains in mobility solutions to enhance living standards and restore environmental balance. Consequently, OEMs are integrating fuel-cell bus models into their offerings as part of a broader commitment to cleaner transportation technologies. Factors such as heightened environmental awareness, government incentives, and advancements in technology are propelling the global hydrogen bus market forward. These innovations have improved the practicality and efficiency of hydrogen buses, leading to increased adoption among cities, as evidenced by recent procurements aimed at enhancing urban air quality and minimizing emissions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Hydrogen Buses market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Hydrogen Buses Market Segments Analysis

Global Hydrogen Buses Market is segmented by Fuel Type, Bus Type, Power Output, Technology, Propulsion Type, Application and region. Based on Fuel Type, the market is segmented into Green Hydrogen, Blue Hydrogen and Grey Hydrogen. Based on Bus Type, the market is segmented into Single-Decker Hydrogen Buses, Double-Decker Hydrogen Buses, Fuel Cell Hybrid Buses and Battery Electric Hydrogen Buses. Based on Power Output, the market is segmented into <150 KW, 150-250 KW and >250 KW. Based on Technology, the market is segmented into Proton Exchange Membrane Fuel Cell (PEMFC), Solid Oxide Fuel Cell (SOFC) and Alkaline Fuel Cell (AFC). Based on Propulsion Type, the market is segmented into Internal Combustion Engine (ICE) and Fuel Cell Electric Vehicle (FCEV). Based on Application, the market is segmented into Public Transportation, Private Transportation, School Transportation and Tourism and Airport Transportation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Hydrogen Buses Market

The Global Hydrogen Buses market is being significantly propelled by substantial investments from governments worldwide in hydrogen mobility initiatives. These investments often manifest through tax incentives, subsidies, and policies that require public transport systems to transition to zero emissions. Financial backing for hydrogen buses is increasingly available from various national and regional strategies, fostering the adoption of this clean technology. Such measures are not only promoting the use of hydrogen buses but also contributing to a reduction in reliance on fossil fuels, all while advancing more sustainable public transportation solutions. This shift represents a crucial step toward a greener future in urban mobility.

Restraints in the Global Hydrogen Buses Market

A significant challenge facing the Global Hydrogen Buses market is the high cost associated with both production and necessary infrastructure. Hydrogen fuel cell buses typically represent a much higher price point compared to their diesel or electric counterparts, posing challenges for transit agencies that operate under tight budget constraints. Furthermore, the establishment of hydrogen fueling stations requires substantial financial commitments, creating barriers to widespread adoption in numerous regions. This combination of elevated manufacturing costs and the financial burden of developing supportive infrastructure can severely hinder the growth and integration of hydrogen buses into public transportation systems.

Market Trends of the Global Hydrogen Buses Market

The global hydrogen bus market is witnessing a significant trend towards the integration of green hydrogen production, driven by the urgency to reduce emissions in public transportation. As cities and countries increasingly focus on sustainability, hydrogen buses powered by green hydrogen, produced through electrolysis using renewable energy sources like solar and wind, are gaining traction. Notable initiatives in regions such as Germany and Japan are paving the way for large-scale green hydrogen facilities, aimed at supplying clean fuel for advancing hydrogen bus fleets. This shift not only promotes emission-free transit solutions but also encourages the development of a robust hydrogen economy, fostering innovation and investment in clean transportation technologies.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Hydrogen Buses Market Size by Fuel Type & CAGR (2026-2033)

• Market Overview
• Green Hydrogen
• Blue Hydrogen
• Grey Hydrogen

Global Hydrogen Buses Market Size by Bus Type & CAGR (2026-2033)

• Market Overview
• Single-Decker Hydrogen Buses
• Double-Decker Hydrogen Buses
• Fuel Cell Hybrid Buses
• Battery Electric Hydrogen Buses

Global Hydrogen Buses Market Size by Power Output & CAGR (2026-2033)

• Market Overview
• <150 KW
• 150-250 KW
• >250 KW

Global Hydrogen Buses Market Size by Technology & CAGR (2026-2033)

• Market Overview
• Proton Exchange Membrane Fuel Cell (PEMFC)
• Solid Oxide Fuel Cell (SOFC)
• Alkaline Fuel Cell (AFC)

Global Hydrogen Buses Market Size by Propulsion Type & CAGR (2026-2033)

• Market Overview
• Internal Combustion Engine (ICE)
• Fuel Cell Electric Vehicle (FCEV)

Global Hydrogen Buses Market Size by Application & CAGR (2026-2033)

• Market Overview
• Public Transportation
• Private Transportation
• School Transportation
• Tourism and Airport Transportation

Global Hydrogen Buses Market Size & CAGR (2026-2033)

• North America (Fuel Type, Bus Type, Power Output, Technology, Propulsion Type, Application)
  • US
  • Canada
• Europe (Fuel Type, Bus Type, Power Output, Technology, Propulsion Type, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Fuel Type, Bus Type, Power Output, Technology, Propulsion Type, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Fuel Type, Bus Type, Power Output, Technology, Propulsion Type, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Fuel Type, Bus Type, Power Output, Technology, Propulsion Type, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Hyundai Motor Company (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Daimler Buses (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wrightbus (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NFI Group Inc. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Solaris Bus & Coach (Poland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tata Motors Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Volvo Group (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hino Motors (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toyota Motor Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ballard Power Systems (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Van Hool (Belgium)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAIC Motor Corporation Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Proterra Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CAF (Construcciones y Auxiliar de Ferrocarriles) (Spain)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SunLine Transit Agency (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Otokar (Turkey)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Karsan (Turkey)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Medha (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Volgren (Australia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zhongtong Bus (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations