$174B hydrogen aircraft market by 2040, Avia Solutions Group chairman says

The aviation hydrogen market could reach $174 billion by 2040.

The value of the global hydrogen aircraft market is anticipated to reach $27.68 billion in 2030 and jump up to $174.02 billion by 2040, Gediminas Žiemelis, chairman of the board of Avia Solutions Group, said in a release.

With water as the only waste product, hydrogen can be directly combusted for motive power or can power a fuel cell to create electricity. The release said hydrogen’s most limiting factor is its size requirements. Hydrogen requires three times the space as traditional jet fuel...

https://s29755.pcdn.co/news/174b-hydrogen-aircraft-market-by-2040-avia-solutions-group-chairman-says

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon