Hydrogen Powered Tractor Market Report

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HYDROGEN POWERED TRACTOR MARKET REPORT
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INTRODUCTION
Tractors usually have two small wheels at the
front and two larger wheels at the rear. Tractors
are used in agricultural, construction and
logistics applications to move attached
implements such as rotavators, plowing,
cultivation, sowing, tilling, and harvesting.
Tractor is a zero-emission tractor that uses
hydrogen as fuel to power its on-board electric
motors. Unlike gasoline and diesel vehicles, the
vehicle does not emit any environmentally harmful
greenhouse gases such as nitrogen oxides and
carbonized peroxides.
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KEY INSIGHTS
MARKET SIZE 1.45 billion
2022
FORECAST 3.86 billion
2030
CAGR 12.8
2030
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REVENUE MARKET SHARE BY SEGMENTS 2022
Fuel Cell Technology Type Proton Exchange
Membrane Fuel Cell 41.2
Installation OEM 69.40
Capacity Less than 25 tons 62.45
Application Agriculture 45.2
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GLOBAL HYDROGEN POWERED TRACTOR MARKET REVENUE
SHARE FOR 2022
North America 37.4
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• Increasing adoption of hydrogen fuel in various
  industries
• Increasing modernization of agricultural
  activities, reduction in greenhouse gas emissions
  and high applicability of hydrogen

Drivers
Restraints
The high cost of hydrogen powered tractor
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AUTHOR'S PERSPECTIVE

• Based on fuel cell technology type, the hydrogen
  powered tractor market segmentation includes
  phosphoric acid fuel cell, proton exchange
  membrane fuel cell, solid oxide fuel cell and
  others.

• Among the capacity, the hydrogen powered tractor
  market segmentation includes less than 25 tons
  and more than 25 tons.

• The demand for hydrogen-powered tractors is
  anticipated to increase due to the growing need
  to minimise greenhouse gas emissions, the
  modernisation of agricultural practises, and the
  wide range of applications for hydrogen fuel.

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KEY PLAYERS
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