Global Fuel Cell Powertrain Market Size study, ByComponent (Fuel Cell System, Drive System, Battery System, Hydrogen Storage System, Others), by Vehicle Type (Passenger Cars, LCV, Trucks, Buses), by Power Output (<150 KW, 150-250 KW, >250 KW), by Drive Ty

Global Fuel Cell Powertrain Market Size study, ByComponent (Fuel Cell System, Drive System, Battery System, Hydrogen Storage System, Others), by Vehicle Type (Passenger Cars, LCV, Trucks, Buses), by Power Output (<150 KW, 150-250 KW, >250 KW), by Drive Type (Rear-Wheel Drive (RWD, Front-Wheel Drive (FWD), All-Wheel Drive (AWD)), and Regional Forecasts 2022-2028

Global Fuel Cell Powertrain Marketis valued at approximately USD 0.5 billionin 2021 and is anticipated to grow with a healthy growth rate of more than4.7%over the forecast period 2022-2028. Fuel Cell Powertrain is an electric propulsion system in which energy is sored as hydrogen is converted to electric power with the use of fuel cell. The global fuel cell powertrain industry has grown rapidly in recent decades, owing to rising demand for low-emission automobiles and expanding vehicle range. Various governments throughout the world have intensified their focus on the expansion of this business in recent years. Rapid technological advancements and the falling cost of fuel cells, combined with rising gasoline and diesel prices, have resulted in the rapid growth of this sector. Governments all over the world have begun to build infrastructure for fuel cell powertrain vehicles and are collaborating with OEMs to expand the market for low-emission fuel vehicles. Governments are taking action, investing, and supporting the usage of fuel cells. For example, the Indian Ministry of Petroleum and Natural Gas (MoPNG) announced plans in March 2021 to put up solar hydrogen filling stations at two tourist destinations for the exhibition of fuel cell vehicles - Delhi-Agra, Gujarat (Statue of Unity), and so on. Along with the advancement of fuel cell technology, it is critical to build a strong infrastructure capable of meeting the needs of hydrogen-powered vehicles. The market for fuel cell powertrain is predicted to grow due to increased demand for economical, long-range, and low-emission automobiles.Market for fuel cell powertrains Countries all across the world are making efforts to minimise car emissions in the next decades. FCEVs have a longer range on a single filling than other EVs and are easier to fill. However, the lack of hydrogen fueling infrastructure in many countries acts asa barrier to market expansion.

The key regions considered for the global Fuel Cell Powertrain Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World.During the forecast period, Asia-Pacific is expected to lead the fuel cell market. Factors driving market growth in the region include increased project launches in the region, expansion of infrastructure capabilities, and opening of the market to foreign candidates. The European region will also create significant income in this market due to an increase in the number of buses operating on hydrogen fuel cells, refuelling stations, and a move from testing to commercial manufacture of hydrogen fuel cell vehicles.

Major market players included in this report are:

Cummins Inc.
Ballard Power Systems
Robert Bosch Gmbh
Denso Corporation
FEVEurope Gmbh
FCPFuel Cell Powertrain Gmbh
ITMPower
Ceres Power
Delphi Technologies
AVLList Gmbh (Avl)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Fuel Cell System
Battery System
Drive System
Hydrogen Storage System
Others
ByDrive Type
Rear-Wheel Drive (RWD)
Front-Wheel Drive (FWD)
All-Wheel Drive (AWD)

By Vehicle type:
Passenger Cars
Light Commercial Vehicle (LCV)
Buses
Trucks
By Power output:
<150 kW
150-250 kW
>250kW
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Fuel Cell Powertrain Market inMarket Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Cummins Inc.
Ballard Power Systems
Robert Bosch Gmbh
Denso Corporation
FEVEurope Gmbh
FCPFuel Cell Powertrain Gmbh
ITMPower
Ceres Power
Delphi Technologies
AVLList Gmbh (Avl)

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