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Guidehouse Insights Estimates Global Market for Hydrogen-Powered Heavy Duty Trucks Will Grow at a Compound Annual Growth Rate of 45% by 2033

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Regulatory compliance is chief among the drivers for zero emissions technology

BOULDER, Colo., Oct. 17, 2024 /PRNewswire/ — A new report from Guidehouse Insights explores the market and revenues for medium duty and heavy duty trucks powered by hydrogen internal combustion engines (H2-ICE).

The drive to decarbonize the medium and heavy duty (MHD) truck industry has led to the development of numerous driveline options to replace conventional diesel internal combustion engines (D-ICE). While the greatest focus in both market interest and OEM R&D budgets has been on battery electric vehicles (BEVs), advocates have also promoted hydrogen as a means of decarbonization. According to a new report from Guidehouse Insights, the global market for heavy duty trucks powered by H2-ICE drivelines will reach 41,081 units by 2034. This segment, which is expected to experience a 44.5% compound annual growth rate (CAGR) over the ten-year period, includes the over-the-road (OTR), distribution and collection and delivery (distribution/C&D), harsh duty, and vocational segments.

“While hydrogen as an emissions reduction pathway has been mainly predicated on fuel cell vehicles (FCVs), the increasing interest in using hydrogen to power adapted ICE engines for MHDs could have an effect on all stakeholders in the commercial vehicle value chain, shippers, regulators, and investors,” says Oliver Dixon, senior research analyst with Guidehouse Insights. “The key takeaway from this report is the relative value of reduced emissions and zero emissions applies to H2-ICE technology as well as to the entire transportation and mobility sector.”

Removing 50% of greenhouse gas (GHG) emissions may not be as valuable as removing 90%, but making smaller reductions in the short term, with reduced complexity and cost, more than makes up for removing a higher percentage later. Although the emissions debate has become a binary discussion, a smaller action is better than none and could lead to more reductions, according to the report.

The report, Hydrogen Internal Combustion Engines and the Medium and Heavy Duty Truck Market, looks at the global market for hydrogen-ICE (H2-ICE) MHD trucks during the forecast period 2025-2034. It provides forecasts for the overall market, segmented by units and revenue, and unit sales forecasts segmented by vehicle size (medium duty and heavy duty) and task (long-haul, distribution, harsh duty, and vocational). An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Guidehouse is purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries. Disrupting legacy consulting delivery models with its agility, capabilities, and scale, the firm delivers technology-enabled and focused solutions that position clients for innovation, resilience, and growth. With high-quality standards and a relentless pursuit of client success, Guidehouse’s more than 17,000 employees collaborate with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future. guidehouse.com

* The information contained in this press release concerning the report, Hydrogen Internal Combustion Engines and the Medium and Heavy Duty Truck Market, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
cfradkin@scprgroup.com 

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SOURCE Guidehouse Insights

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it.com Domains Partners with Dynadot to Build Effective Digital Identities for the IT Sector

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LONDON, Jan. 26, 2025 /CNW/ — A provider of innovative domain solutions, it.com Domains, is announcing a strategic partnership with Dynadot, a leading domain registrar known for its affordability, advanced tools, and customer-centric services. This collaboration aims to deliver tailored domain solutions for the IT industry, helping businesses build effective digital identities in this rapidly evolving sector.

Dynadot stands out with over 6 million domains under management and serves more than 100,000 customers globally. Their unique value proposition includes low-price domain solutions, extensive domain management tools, a robust domain marketplace to acquire and sell domains, and a suite of free tools to help individuals and brands establish their online presence.

The technological landscape is flourishing, with approximately 305 million startups created annually worldwide, reflecting a vibrant ecosystem ripe for innovation. The global IT sector alone is projected to grow significantly, driven by advancements in artificial intelligence and digital transformation. In fact, AI-driven startups are particularly thriving, with investments in this sector reaching nearly $50 billion in 2023.

The introduction of .it.com domains offers a wealth of short and easy-to-remember domain names, broadening opportunities for growing businesses. Beyond technology, they are recognized worldwide as associated with Italy, enhancing its appeal to various international markets seeking global expansion. They also allow companies to stand out through creative branding opportunities, such as wordplay.

Tess Diaz, Director of Channel Development at it.com Domains, stated, “Partnering with Dynadot enables us to harness their domain management expertise to meet the evolving needs of modern enterprises, particularly in the IT sector. Together, we aim to help businesses build impactful digital identities that stand out in today’s competitive landscape.”

Jacqueline Daly, Vice President of Marketing at Dynadot, added, “This collaboration strengthens our commitment to delivering outstanding domain solutions tailored for the modern market environment. With the rapid expansion of the technological sphere, we’re thrilled to support startups and emerging companies in building a robust online presence and achieving their ambitions.”

Learn more about the partnership here.

Website: https://get.it.com/

Logo: https://mma.prnewswire.com/media/2605794/it_com_Logo.jpg

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SOURCE it.com

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State Grid Xuzhou Power Supply Company Successfully Completes First Comprehensive UAV Patrol of Distribution Lines

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XUZHOU,china, Jan. 26, 2025 /PRNewswire/ — Recently, with the successful completion of the UAV patrol on the Xuzhou Tongshan Jiao third line, State Grid Xuzhou Power Supply Company has achieved its first comprehensive UAV patrol of distribution lines. Since last year, the company has implemented a rigorous closed-loop control system for drone operations, encompassing pre-flight planning, real-time flight progress monitoring, post-flight quality verification, and defect elimination. This systematic approach has been applied to 2,126 scheduled flights covering all operational distribution lines, ensuring a thorough “carpet-style” inspection.

The patrol focused on identifying critical issues such as tree-line conflicts, channel obstructions, foreign objects, aged connection points, discharge traces, and structural fractures that could compromise the reliable operation of distribution lines and equipment. A comprehensive quality assurance process was established to verify the accuracy and completeness of patrol data, including work order submissions, data integrity, photo standards, and defect identification. This process ensures optimal UAV patrol outcomes and promotes continuous improvement in patrol quality.

Additionally, the company is developing a UAV patrol defect database to facilitate a closed-loop workflow of “precise patrol + targeted defect elimination.” Defects are categorized based on severity, enabling maintenance personnel to prioritize corrective actions effectively. This initiative enhances the overall reliability of the distribution network.

Looking ahead, State Grid Xuzhou Power Supply Company plans to enhance personnel training and explore innovative patrol modes such as adaptive flying and live detection patrols. These efforts aim to further improve patrol efficiency and quality, supporting the city’s distribution network development.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-xuzhou-power-supply-company-successfully-completes-first-comprehensive-uav-patrol-of-distribution-lines-302360251.html

SOURCE State Grid Xuzhou Power Supply Company

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State Grid Xuzhou Power Supply Company Installs Distributed Optical Fiber Temperature Sensing Early Warning System in Substations

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XUZHOU, China, Jan. 26, 2025 /PRNewswire/ — Recently, the State Grid Xuzhou Power Supply Company successfully completed the installation of a distributed optical fiber temperature sensing early warning system at the 500kV Renzhuang substation. To date, all five 500kV substations in Xuzhou have been equipped with this advanced early warning system, significantly enhancing the fire prevention capabilities and ensuring the safe and stable operation of the power grid.

During winter, the high electrical load combined with dry weather conditions increases the risk of fires in substations. Areas with dense cable installations are particularly vulnerable to fire hazards. Current fire prevention measures primarily rely on passive methods such as flame-retardant materials and fire barriers. Traditional monitoring tools like infrared thermometers, thermal imagers, and temperature-sensitive cables can only provide localized measurements, leaving gaps in comprehensive fire prevention and early warning capabilities.

To address these challenges, the State Grid Xuzhou Power Supply Company has deployed cutting-edge technology by installing a distributed optical fiber temperature sensing early warning system across its five 500kV substations. This system integrates advanced technologies including optical fiber sensing, data transmission, communication, and photoelectric control. By deploying dual-layer S-type temperature sensing fibers along the inner edges of indoor and outdoor cable trays, the system enables real-time monitoring of temperature and temperature change rates at any point along the cables. It offers high-precision temperature measurement and is immune to electromagnetic interference. Notably, it effectively detects localized heating caused by poor connections between power cables and electrical equipment, especially in cable mezzanines and other critical areas. Additionally, the system can be integrated with centralized fire monitoring platforms via optical fiber communication, enabling real-time monitoring and dynamic early warning of potential cable fires within the substation.

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SOURCE State Grid Xuzhou Power Supply Company

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