HYDROGEN COMBUSTION ENGINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2021, Toyota Motor Corporation, a leading global automotive manufacturer known for its innovation in sustainable mobility, announced the development of a hydrogen combustion engine specifically designed for sports cars. This initiative aims to keep internal combustion engines viable as part of the transition to zero-emission vehicles, highlighting Toyota's commitment to exploring diverse technologies in the automotive sector.
• In April 2021, Alstom, a global leader in smart and sustainable mobility solutions, strengthened its hydrogen capabilities by acquiring Helion Hydrogen Power, a subsidiary of AREVA Energies Renouvelables. This acquisition enhances Alstom's portfolio of innovative and competitive solutions while supporting the implementation of its strategic plan, Alstom in Motion. By integrating Helion's expertise in high-power fuel cells, Alstom aims to advance its hydrogen technology for the railway sector and bolster its technological presence in France, particularly in the Provence-Alpes-Côte d'Azur region.

Definition: The Global Hydrogen Combustion Engine Market consists of companies developing hydrogen combustion engines that can use hydrogen as fuel instead of gasoline or diesel. These engines are being developed as zero-emission alternatives for vehicles and power generation applications. The market includes companies working on hydrogen internal combustion engines as well as those developing new hydrogen combustion technologies like detonation engines. The goal is to provide cost-effective solutions for reducing emissions from transport and energy sectors.