Regional Analysis

Hydrogen Trucks Market Regional Insights

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North America is expected to dominate the global hydrogen trucks market. The region is expected to account for 36.7% of the market share in 2024. The region is home to several leading truck original equipment manufacturers (OEMs) such as Freightliner, Kenworth, Peterbilt, and International that are actively investing in developing hydrogen fuel cell trucks. These trucks are well-suited for medium- and heavy-duty freight applications that require long ranges. California has played a pioneering role by offering substantial subsidies and setting stringent zero-emission vehicle mandates that make hydrogen trucks commercially viable in the state. Its ports and logistics infrastructure make it an ideal testing ground for fuel-cell trucks to replace diesel-powered vehicles. The region also attracts most of the funding in hydrogen infrastructure from both federal as well as state governments. However, costs remain high compared to diesel trucks currently.

Europe has emerged as the fastest-growing regional market for hydrogen trucks over the past few years. Supportive policies by countries like Germany and Sweden coupled with the presence of leading hydrogen systems suppliers have accelerated deployments. Leading trucking companies active across the European Union are trialing fuel-cell electric trucks to gain more insights. Major ports in Rotterdam and Hamburg have initiated pilot projects involving fuel-cell yard tractors and cargo container handling equipment. The extensive natural gas pipeline network in Europe provides an advantage to build out the hydrogen refueling infrastructure. Trucking operators are also incentivized to shift to zero-tailpipe emission vehicles by the proposed Euro 7 emission norms. All these factors indicate that Europe will be an important battleground for hydrogen trucks going forward.