H2-ICE market worth 36,400 units by 2035| MarketsandMarkets

Browse in-depth TOC on "H2-ICE market"

88 - Tables
46 - Figures
128 - Pages

The PFI-SI segment is expected to showcase a promising market potential of all combustion approaches

The port fuel injection-spark ignition (PFI-SI) is likely to dominate the H2-ICE market through the combustion approach. The PFI-SI approach is primarily focused & tested in the heavy trucks segment due to its precise control over the hydrogen-air mixture, leading to enhanced combustion efficiency. Furthermore, the injector pressure is relatively low, about 3-10 bars, simplifying integration into the existing IC engine architecture with minimum modifications. The OEMs and engine manufacturers could generate ~300 hp with this combustion approach that fulfills the requirements for long-haul applications. With limited modification in existing engine components like injectors, turbochargers, pistons, etc., it can offer satisfactory power demand, which can be commercially viable for this application.

On the other hand, some off-highway equipment manufacturers like Liebherr, JCB, and HD Hyundai Infracore have been working towards the PFI-SI approach for compact equipment with smaller engine sizes and will continue to be considered for the compact vehicle category in the coming years. For instance, in 2023, JCB introduced a 4.8L Ecomax H2IC engine for backhoe loader and telehandler application. Hence, the PFI-SI approach provides significant operational advantages like lower cost, homogenous air-fuel mixture, rapid refueling, and adequate power delivery that will drive the adoption of PFI-SI technology in the global H2-ICE market. 

Below 300 HP engines are expected to be the fastest growing H2-ICE power output

Below 300 HP is estimated to be the fastest growing horsepower segment in the H2-ICE market, which will have maximum adoption in on-highway and some of the compact construction equipment categories. Most companies to date are able to successfully generate 300 HP primarily due to its suitability for medium & heavy-duty trucks. <300 HP engines mostly use PFI SI technology, resulting in lesser emissions, which was the main motive of hydrogen engines. This HP range effectively balances performance and efficiency and meets the requirements of fleet operators, prioritizing cost-effectiveness and operational flexibility. OEMs and engine manufacturers working on the development of engines below 300 Hp are Cummins Inc. (290 Hp), Deutz AG (295 Hp), PACCAR Inc. (295 Hp), and KEYOU GmbH (280 Hp). These engines are expected to have better fuel efficiencies & lower emissions, allowing OEM and engine manufacturers to capitalize on current designs with minimal modifications. This will significantly reduce development costs and will likely accelerate the time-to-market for the H2-ICE engine to 300 HP.

Europe holds the largest market share during the forecast period

Europe is estimated to have the largest market share in the H2-ICE market during the forecast period. Europe's market dominance is mainly attributed to stringent greenhouse gas emission regulations. The European Union has set various targets to decarbonize their commercial vehicles. The European region has a presence in major automotive OEMs and engine manufacturers working on the H2-ICE technology, such as AB Volvo (Sweden), MAN (Germany), JCB (UK), KEYOU GmbH (Germany), and Liebherr (Switzerland). AB Volvo started the development of H2-ICE in 2024. The engine is expected to enter road tests by 2026, and the commercial launch is expected by 2030. MAN is developing hydrogen engines for commercial vehicles; the company plans to deliver the first 200 hydrogen engines to its European customers by 2025. JCB has begun the on-road tests of its hydrogen engine in the UK and plans to commercialize it soon. KEYOU GmbH has already supplied trucks with hydrogen engines to European fleet operators. Thus, the presence of key OEMs and the European Union's stringent emission rules will drive the market for H2-ICE in Europe.

Key Market Players H2-ICE Industry:

Prominent players in the H2-ICE Market include as Cummins Inc. (US), J C Bamford Excavators (UK), Ashok Leyland (India), MAN (Germany), and HD Hyundai Infracore (South Korea).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=10872777

This report provides insights on:

Related Reports:

Hydrogen Truck Market - Global Forecast to 2035

Future of Hydrogen in Automotive Market - Global Forecast 2035

Hydrogen Fuel Cell Vehicle Market - Global Forecast to 2030

Get access to the latest updates on H2-ICE Companies and H2-ICE Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar 
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/

View original content:https://www.prnewswire.co.uk/news-releases/h2-ice-market-worth-36-400-units-by-2035-marketsandmarkets-302298495.html