What Is Hydrogen Aircraft, How Hydrogen Is Used As Fuel And What Are Future Opportunities
Hydrogen aircraft is an airplane that makes use of hydrogen (liquid or gas) as a power source. Hydrogen energy can be harnessed in two ways for a hydrogen aircraft. It can either be burned in a jet engine or other sorts of internal combustion engines, or it can be used to power a fuel cell to generate electricity to power propeller of aircraft. Research on hydrogen as a potential fuel to power zero-emission aircraft has been on rise in the recent years. The aviation sector is working to develop technologies to tackle challenges associated with hydrogen storage, public perceptions for safety and cost.
Factors such as increase in air passenger traffic across the globe, high suitability of hydrogen as an aviation fuel, and reduced greenhouse gas emissions by the use of hydrogen aircraft are anticipated to boost growth of the global hydrogen aircraft during the forecast period. However, the current price differential between hydrogen and conventional jet fuel is expected to hinder growth of the global hydrogen aircraft market during the forecast period. Further, developing green hydrogen ecosystem, proactive government initiatives toward hydrogen powered aircraft, and growth in infrastructural development for hydrogen across the globe offer lucrative opportunities for the market growth during the forecast period.
The hydrogen aircraft is segmented on the basis of passenger capacity, range, application, power source, and region. The passenger capacity segment is further divided into less than 100, 101 to 200, and more than 200. By range, it is classified into short haul (<1,000 km), medium haul (1,000-2,000 km), and long haul (2,000+ km). Depending on application, the market is bifurcated into passenger aircraft and cargo aircraft. By power source, it is divided into fully hydrogen powered aircraft, hybrid electric aircraft, hydrogen fuel cell aircraft, and liquid hydrogen aircraft. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
⏩download template pages: https://lnkd.in/dWxvbARW
The global hydrogen aircraft market is value at $23.71 billion in 2030, and is projected to reach $144.53 billion by 2040, registering a CAGR of 20.5% from 2030 to 2040.
By PASSENGER CAPACITY
Less than 100
101 to 200
More than 200
By RANGE
Short Haul (<1,000 Km)
Medium Haul (1,000-2,000 Km)
Long Haul (2,000+ Km)
By APPLICATION
Passenger aircraft
Cargo aircraft
By POWER SOURCE
Fully hydrogen powered aircraft
Hybrid electric aircraft
Hydrogen fuel cell aircraft
Liquid hydrogen aircraft
