According to the recent study the hydrogen power engine market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 10% to 12% from 2023 to 2028. Growth in this market is primarily driven by growing demand for fuel cells electric vehicle (FCEV), government initiatives encouraging the adoption of fuel cell vehicles, and increase in demand for passenger transportation.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in hydrogen power engine market by installation (OEM and retrofit), technology (proton membrane exchange, phosphoric acid fuel cell, and others), application (passenger vehicle, commercial vehicle, and others), propulsion (hybrid, electric, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Proton membrane exchange market is expected to remain the largest segment during the forecast period.”
Based on technology, the hydrogen power engine market is segmented into proton membrane exchange, phosphoric acid fuel cell, and others. Lucintel forecasts that the Proton membrane exchange market is expected to remain the largest segment due to the growing need for proton membrane