H2-ICE Market by Vehicle Type (Trucks and Buses, Construction Equipment, Mining Equipment, Farm Tractors, Industrial Forklifts), Combustion Approach (PFI-SI, ECDI-SI, and HPDI), Power Output (<300HP, >300 HP) and Region - Global Forecast to 2035

H2-ICE Market by Vehicle Type (Trucks and Buses, Construction Equipment, Mining Equipment, Farm Tractors, Industrial Forklifts), Combustion Approach (PFI-SI, ECDI-SI, and HPDI), Power Output (<300HP, >300 HP) and Region - Global Forecast to 2035

The benefits of H2-ICE over other near-zero emission technologies are expected to drive the market. Hydrogen internal combustion engines have certain benefits over other near-zero or zero-emission technologies like battery electric vehicles and fuel cell electric vehicles. The battery weight and size are major points of concern that sharply impact the payload capacity of the vehicles. Due to this Hydrogen IC engines can turn out to be a better option for heavy commercial vehicles with their ability to manage heavy load conditions. The range for H2-ICE vehicles will also be comparatively similar to BEV and FCEV but will have the advantage of faster refuelling and also can make use of the available refuelling stations by making a few modifications for hydrogen gas. The initial costs for H2-ICEs are expected to be lower than BEVs and FCEVs by a considerable margin, making it a better choice for heavy commercial vehicles.

“The On-Highway vehicles are estimated to have the largest share in the H2-ICE market.”

On-highway vehicles are expected to represent the largest market in the H2-ICE powertrain technology by 2030 & later years. This growth is mainly attributed to the increased demand for sustainable transportation solutions in the freight and logistics sectors. Countries such as India, China, and the US have extensive highway route networks that require long-haul trucks to travel long distances continuously with adequate performance. H2-ICE technology with engine capacity in the range of 8-10 liters will offer relatively longer driving ranges and reduced refueling capabilities. These countries have limited charging infrastructure over highways, due to which pure electric and fuel-cell trucks are not considered for long-distance running applications. As H2-ICE is based on traditional diesel engines, and hence, it is better aligned with the operational needs of fleet operators with limited additional substantial cost. Several OEMs & other stakeholders like AB Volvo (Sweden), Ashok Leyland (India), PACCAR Inc. (US), MAN (Germany), and Tata Motors Limited (India) are actively involved in the testing of these vehicles and expected to launch few commercial models from 2025 onwards. The widespread growth in the logistics & e-commerce sector surged the need for last-mile delivery and initiatives by these OEMs supported by other stakeholders to improve operational performance and hydrogen infrastructure, the market of H2-ICE in the truck segment is likely to become a reality with a promising adoption in next 3-4 years.

“Mining equipment are expected to be the promising off-highway segment for H2-ICE technology”

Mining equipment will possibly have noteworthy adoption of H2-ICE technology in some of the equipment categories such as wheel loaders and dump trucks. The transition to sustainable mining equipment from traditional diesel-powered equipment is crucial for reducing emissions and enhancing operational efficiency in hydrogen engines can play an important role in supporting this transition.Liebherr (Switzerland) is developing hydrogen engines (H966 and H964) which can be installed in heavy construction and mining equipment in later years. There is also a possibility that Off-highway equipment manufacturers design articulated dump trucks powered by hydrogen engines. At present, AB Volvo (Sweden) offers articulated dump trucks powered by fuel cells, but with the advancements in hydrogen technology, it is expected that H2-ICE engines will also be equipped with these vehicles deployed at the mining locations of Europe, and LATAM countries.

“North America is one of the prominent markets for H2-ICE technology.”

North America is likely to have substantial market adoption for H2-ICE vehicles mainly for the heavy trucking application. The region is known for its developments and research in H2-ICE technology with Cummins as a front runner followed by PACCAR and Allison Transmission among other stakeholders. In the US, a Class 8 long haul truck is the primary evaluation candidate for an H2-ICE powertrain with a range of 500 miles. The region also has the presence of a few component and technology developers for the H2-ICE. These include PHINIA Inc. (US), and BorgWarner Inc. (US), these companies are developing fuel injection technologies focused on hydrogen engines. The widespread landscape of the US and Canada has generated opportunities in the transportation and logistics sector. As the transportation sector is one of the major contributors of greenhouse gases, the region is essentially working to find sustainable solutions to withstand the performance of traditional IC engines without impacting environmental factors, which will subsequently boost the futuristic demand for H2-ICE engines in the region.

The breakup of primary respondents

By Company: Tier 1 – 40%, OEMs -60%

By Designation: Manager - 60%, Director Level - 30%, Others – 10%

By Region: Europe - 30%, Asia Pacific - 50%, North America - 20%

The H2-ICE market will be dominated by global players, including Cummins Inc. (US), Deutz AG (US), Ashok Leyland (India), Paccar Inc. (US), AB Volvo (Sweden) HD Hyundai Infracore (South Korea), MAN (Germany), J C Bamford Excavators Ltd. (UK), Liebherr (Switzerland), KEYOU GmbH (Germany). The study includes an in-depth competitive analysis of these key players in the H2-ICE market with their company profiles, recent developments, and key market strategies.

Research Coverage

The study's primary objective is to define, describe, and forecast the H2-ICE market by volume. The study segments the H2-ICE Market By Vehicle Type (On-Highway vehicles (Trucks and Buses), Off-Highway vehicles (Construction Equipment, Mining Equipment, Farm Tractors, and Industrial Forklifts)), By Combustion Approach (PFI SI, ECDI SI, and HPDI), By Power Output (Below 300 HP, and Above 300 HP) & Region (North America, Europe, and Asia Pacific). It analyzes the opportunities offered by various market segments to the stakeholders. It tracks and analyzes competitive developments such as market ranking analysis, total cost of ownership, technology comparison, and future potential of H2-ICE Vs. BEV Vs. Diesel and other activities carried out by key industry participants.

The report provides insights on the following pointers:

Analysis of key drivers ( Stringent GHG emission norms, Government and OEMs push to develop H2-ICE and Benefits of hydrogen over other near-zero emission technologies), restraints ( storage and transpiration of H2 ), opportunities ( H2-ICE components demand would create potential market for Tier 1 Suppliers ), and challenges ( High initial costs for H2 engines and infrastructure and Challenges associated with H2 ICE engines) are fueling the demand of the H2-ICE market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the H2-ICE market.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the H2-ICE market

Competitive Assessment: In-depth assessment of market ranking, growth strategies, and product offerings of leading players in the H2-ICE market, such as Cummins Inc. (US), Deutz AG (US), Ashok Leyland (India), Paccar Inc. (US), AB Volvo (Sweden) HD Hyundai Infracore (South Korea), MAN (Germany), J C Bamford Excavators Ltd. (UK), Liebherr (Switzerland), KEYOU GmbH (Germany).

The report showcases an in-depth analysis of the total cost of ownership between Diesel Vs. H2-ICE Vs. FCEV. It studies factors like initial costs, fuel costs, maintenance costs, and a few additional costs.

The report showcases a comparison between H2-ICE Vs. FCEV Vs. Diesel Vs. Biofuel based on load capacity, technologies associated for combustion, infrastructural requirements, emissions and fuel relations.

Tables List

Table 1 Segment-wise Inclusion And Exclusions

Table 2 Research Assumptions And Associated Risks

Table 3 Government Regulations To Reduce Greenhouse Gas Emissions

From Heavy-duty Trucks

Table 4 Government Funding For H2-ice

Table 5 Benefits Of Hydrogen Over Other Near-zero Emission Technologies

Table 6 Storage Comparison: Diesel Vs. H2-ice

Table 7 Patents Published

Table 8 Role Of Players In H2-ice Market Ecosystem

Table 9 North America: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 10 Europe: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 11 Asia Pacific: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 12 H2-ice Market: List Of Key Conferences And Events, 2024–2025

Table 13 H2-ice Adoption Roadmap To 2035

Table 14 Assumptions In Total Cost Of Ownership Analysis

Table 15 Technology Comparison Between H2-ice Vs. Diesel Vs. Fcev Vs. Biofuel

Table 16 Future Potential Of H2-ice Vs. Bev Vs. Diesel, 2030 Vs. 2035

Table 17 H2-ice Market, By Vehicle Type, 2024–2030 (Units)

Table 18 H2-ice Market, By Vehicle Type, 2031–2035 (Units)

Table 19 Trucks: H2-ice Market, By Region, 2024–2030 (Units)

Table 20 Trucks: H2-ice Market, By Region, 2031–2035 (Units)

Table 21 Buses: H2-ice Market, By Region, 2024–2030 (Units)

Table 22 Buses: H2-ice Market, By Region, 2031–2035 (Units)

Table 23 Off-highway Vehicles: H2-ice Market, By Type, 2024–2030 (Units)

Table 24 Off-highway Vehicles: H2-ice Market, By Type, 2031–2035 (Units)

Table 25 Backhoe Loaders: H2-ice Market, By Region, 2024–2030 (Units)

Table 26 Backhoe Loaders: H2-ice Market, By Region, 2031–2035 (Units)

Table 27 Crawler Excavators: H2-ice Market, By Region, 2024–2030 (Units)

Table 28 Crawler Excavators: H2-ice Market, By Region, 2031–2035 (Units)

Table 29 Articulated Dump Trucks: H2-ice Market, By Region, 2024–2030 (Units)

Table 30 Articulated Dump Trucks: H2-ice Market, By Region, 2031–2035 (Units)

Table 31 Wheel Loaders: H2-ice Market, By Region, 2024–2030 (Units)

Table 32 Wheel Loaders: H2-ice Market, By Region, 2031–2035 (Units)

Table 33 Concrete Mixers: H2-ice Market, By Region, 2024–2030 (Units)

Table 34 Concrete Mixers: H2-ice Market, By Region, 2031–2035 (Units)

Table 35 Tractors: H2-ice Market, By Region, 2024–2030 (Units)

Table 36 Tractors: H2-ice Market, By Region, 2031–2035 (Units)

Table 37 Forklifts: H2-ice Market, By Region, 2024–2030 (Units)

Table 38 Forklifts: H2-ice Market, By Region, 2031–2035 (Units)

Table 39 Technology Comparison Between Pfi-si Vs. Hdpi Vs. Ecdi Si

Table 40 Oem-wise Engine Specifications And Technology For Pfi-si

Table 41 Oem-wise Engine Specifications And Technology For Hpdi

Table 42 H2-ice Offerings For Below 300 Hp Engines

By Key Engine Manufacturers

Table 43 H2-ice Offerings For Above 300 Hp Engines

By Key Engine Manufacturers

Table 44 H2-ice Market, By Region, 2024–2030 (Units)

Table 45 H2-ice Market, By Region, 2031–2035 (Units)

Table 46 Asia Pacific: H2-ice Market, By Vehicle Type, 2024–2030 (Units)

Table 47 Asia Pacific: H2-ice Market, By Vehicle Type, 2031–2035 (Units)

Table 48 Europe: H2-ice Market, By Vehicle Type, 2024–2030 (Units)

Table 49 Europe: H2-ice Market, By Vehicle Type, 2031–2035 (Units)

Table 50 North America: H2-ice Market, By Vehicle Type, 2024–2030 (Units)

Table 51 North America: H2-ice Market, By Vehicle Type, 2031–2035 (Units)

Table 52 Key Player Strategies/Right To Win, 2020–2024

Table 53 H2-ice Market: Developments, 2021–2024

Table 54 H2-ice: Who Supplies Whom, 2021 –2024

Table 55 Robert Bosch Gmbh

Table 56 Eaton

Table 57 Garrett Motion Inc.

Table 58 Forvia Se

Table 59 Mahle Gmbh

Table 60 Cummins Inc.: Company Overview

Table 61 Cummins Inc.: Product Overview

Table 62 Cummins Inc.: Recent Developments

Table 63 Deutz Ag: Company Overview

Table 64 Deutz Ag: Product Overview

Table 65 Deutz Ag: Recent Developments

Table 66 Ashok Leyland: Company Overview

Table 67 Ashok Leyland: Product Overview

Table 68 Ashok Leyland: Recent Developments

Table 69 Paccar Inc.: Company Overview

Table 70 Paccar Inc: Product Overview

Table 71 Paccar Inc.: Recent Developments

Table 72 Ab Volvo: Company Overview

Table 73 Ab Volvo: Product Overview

Table 74 Ab Volvo: Recent Developments

Table 75 Hd Hyundai Infracore: Company Overview

Table 76 Hd Hyundai Infracore: Product Overview

Table 77 Hd Hyundai Infracore: Recent Developments

Table 78 Man: Company Overview

Table 79 Man: Product Overview

Table 80 J C Bamford Excavators Ltd.: Company Overview

Table 81 J C Bamford Excavators Ltd.: Product Overview

Table 82 J C Bamford Excavators Ltd.: Recent Developments

Table 83 Liebherr: Company Overview

Table 84 Liebherr: Product Overview

Table 85 Liebherr: Recent Developments

Table 86 Keyou Gmbh: Company Overview

Table 87 Keyou Gmbh: Product Overview

Table 88 Keyou Gmbh: Recent Developments

Figures List

Figure 1 Market Segmentation

Figure 2 Research Design

Figure 3 Research Design Model

Figure 4 Breakdown Of Primary Interviews

Figure 5 Bottom-up Approach

Figure 6 Data Triangulation

Figure 7 H2-ice Market For On And Off-highway Vehicles, 2030 Vs. 2035

Figure 8 H2-ice Market For Trucks And Buses, 2030 Vs. 2035

Figure 9 H2-ice Market, By 0ff-highway Equipment Type, 2030 Vs. 2035

Figure 10 H2-ice Market, By Region, 2030 Vs. 2035

Figure 11 H2-ice Market, By Construction Equipment, 2030 Vs. 2035

Figure 12 Total Cost Of Ownership (2026 Vs. 2035)

Figure 13 H2-ice Market: Drivers, Restraints, Opportunities, And Challenges

Figure 14 H2-ice Combustion Equation

Figure 15 Risks Associated With Hydrogen

Figure 16 Challenges Associated With H2-ice

Figure 17 Trends And Disruptions Impacting Customer Business

Figure 18 Patent Analysis, 2014–2024

Figure 19 Investment And Funding Scenario, 2022–2024

Figure 20 Company-level Ecosystem

Figure 21 Hierarchy Ecosystem

Figure 22 Upstream Production Of Hydrogen

Figure 23 Hydrogen Storage

Figure 24 Hydrogen Usage In Transportation And Mobility

Figure 25 Total Cost Of Ownership (2026 Vs. 2035)

Figure 26 Powertrain Comparison: H2-ice Vs. Diesel Vs. Fcev Vs. Bio-fuel

Figure 27 Future Potential Of H2-ice Vs. Bev Vs. Diesel

Figure 28 H2-ice Developments, By Vehicle Type

Figure 29 H2-ice Market, By Vehicle Type, 2027 Vs. 2035 (Units)

Figure 30 H2-ice Market, By Region, 2027 Vs. 2035 (Units)

Figure 31 Market Ranking Of Key Players, 2024

Figure 32 Revenue Analysis Of Top Listed/Public Players, 2019–2023

Figure 33 Financial Metrics

Figure 34 Brand/Product Comparison

Figure 35 Cummins Inc.: Company Snapshot

Figure 36 Cummins Inc.: Product Overview

Figure 37 Deutz Ag: Company Snapshot

Figure 38 Deutz Ag: Product Overview

 

Figure 39 Ashok Leyland: Company Snapshot

Figure 40 Paccar Inc.: Company Snapshot

Figure 41 Ab Volvo: Company Snapshot

Figure 42 Hd Hyundai Infracore: Company Snapshot

Figure 43 Hd Hyundai Infracore: Product Overview

Figure 44 Man: Company Snapshot

Figure 45 Man: Product Overview

Figure 46 Liebherr: Company Snapshot