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Automotive Fuel Cell Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 160 Pages
SKU # FOB19224282

Description

Automotive Fuel Cell Market



Growth Factors of Automotive Fuel Cell Market

The automotive fuel cell market size was valued at USD 4.98 billion in 2023, and the market is now projected to grow from USD 7.42 billion in 2024 to USD 121.39 billion by 2032, exhibiting a CAGR of 41.81% during the forecast period of 2024-2032.

The automotive fuel cell market growth is expected to benefit from expanded research and improvement efforts to introduce green gas cell systems and reduce manufacturing charges. Regional governments are also enforcing rules to improve hydrogen infrastructure and help FCEV adoption through subsidies and objectives.

Numerous agencies global are working on research and development to increase gas cellular car technology. In December 2020, Ballard Power Systems received a observe-on order from Belgian company Van Hool to electricity Van's fuel mobile electric powered buses (FCEBs) in Emmen, Netherlands. Ballard will provide 10 new FC modules for A330 buses, with an running range of 350-400 kilometers and a carrying potential of 74 humans.

Comprehensive Analysis of Automotive Fuel Cell Market

The market is break up into Proton Exchange Membrane Fuel Cell (PEMFC) and Phosphoric Acid Fuel Cells (PAFC) The PEMFC phase is anticipated to dominate because of its low working temperature, high electricity density, and compact length. The Phosphoric Acid Fuel Cell section is anticipated to revel in full-size marketplace boom because of its excessive energy outputs, balance, and higher impurity tolerance. The market is split into beneath a hundred kW, one hundred-200 kW, and above 2 hundred kW power ratings. The underneath 100 kW rated FC systems are predicted to enjoy significant growth because of gas mobile passenger vehicle adoption. The 100-2 hundred kW power stacks are projected to show vast increase. The marketplace is commonly divided into passenger motors, moderate commercial enterprise motors (LCVs), buses, and trucks. Passenger vehicles are predicted to account for nearly all of quantity and sales.

The Asia Pacific region lead the automotive fuel cell market share by benefitting a market size of USD 3.64 billion in 2023 due to accelerated deployment of FCEVs and wonderful GHG discounts. Countries like China, South Korea, and Japan are investing in hydrogen infrastructure improvement and increasing refuelling station availability, with key companies.

Market players are that specialize in introducing modern merchandise and solutions for light, medium, and heavy-duty automobiles. Major companies are expanding production facilities to reduce costs and set large production targets to meet growing zero-emission vehicle needs. Key companies profiled encompass Ballard Power Systems, Plug Power, Hydrogenics, Hyundai Motor Company, Nuvera Fuel Cells, LLC, PowerCell Sweden AB, Horizon Fuel Cell Technologies, Nedstack Fuel Cell Technology_AVL, ElringKlinger, Intelligent Energy, and Pragma Industries.

In October 2019, Plugpower partnered with Germany's MULAG to develop a new variety of electric cargo tow vans powered by using fuel cell technology, to be able to be deployed at Hamburg Airport.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion) and Volume (Units)

Growth Rate CAGR of 41.81% from 2024-2032

Segmentation By Type
  • PEMFC
  • PAFC
  • Others
By Power Rating
  • Below 100 kW
  • 100 – 200 kW
  • Above 200 kW
By Vehicles
  • Passenger Vehicles
  • Light Commercial Vehicles (LCVs)
  • Bus
  • Trucks
By Region
  • North America (the U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Sweden, and the Rest of Europe)
  • Asia Pacific (China, South Korea, Japan, and the Rest of Asia Pacific)
  • Rest of the World


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Table of Contents

160 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
4.6. Value Chain Analysis
4.7. Impact of COVID-19 on the Automotive Fuel Cell Market
5. Global Automotive Fuel Cell Market Analysis (Units, USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Proton Exchange Membrane Fuel Cell (PEMFC)
5.2.2. Phosphoric Acid Fuel Cell (PAFC)
5.2.3. Others
5.3. Market Analysis, Insights and Forecast – By Power Rating
5.3.1. Below 100 kW
5.3.2. 100 – 200 kW
5.3.3. Above 200 kW
5.4. Market Analysis, Insights and Forecast – By Vehicles
5.4.1. Passenger Vehicles
5.4.2. Light Commercial Vehicles (LCVs)
5.4.3. Bus
5.4.4. Trucks
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Rest of the World
6. North America Automotive Fuel Cell Market Analysis (Units, USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Proton Exchange Membrane Fuel Cell (PEMFC)
6.2.2. Phosphoric Acid Fuel Cell (PAFC)
6.2.3. Others
6.3. Market Analysis, Insights and Forecast – By Power Rating
6.3.1. Below 100 kW
6.3.2. 100 – 200 kW
6.3.3. Above 200 kW
6.4. Market Analysis, Insights and Forecast – By Vehicles
6.4.1. Passenger Vehicles
6.4.2. Light Commercial Vehicles (LCVs)
6.4.3. Bus
6.4.4. Trucks
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Automotive Fuel Cell Market Analysis (Units, USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. Proton Exchange Membrane Fuel Cell (PEMFC)
7.2.2. Phosphoric Acid Fuel Cell (PAFC)
7.2.3. Others
7.3. Market Analysis, Insights and Forecast – By Power Rating
7.3.1. Below 100 kW
7.3.2. 100 – 200 kW
7.3.3. Above 200 kW
7.4. Market Analysis, Insights and Forecast – By Vehicles
7.4.1. Passenger Vehicles
7.4.2. Light Commercial Vehicles (LCVs)
7.4.3. Bus
7.4.4. Trucks
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Sweden
7.5.6. Rest of Europe
8. Asia Pacific Automotive Fuel Cell Market Analysis (Units, USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Proton Exchange Membrane Fuel Cell (PEMFC)
8.2.2. Phosphoric Acid Fuel Cell (PAFC)
8.2.3. Others
8.3. Market Analysis, Insights and Forecast – By Power Rating
8.3.1. Below 100 kW
8.3.2. 100 – 200 kW
8.3.3. Above 200 kW
8.4. Market Analysis, Insights and Forecast – By Vehicles
8.4.1. Passenger Vehicles
8.4.2. Light Commercial Vehicles (LCVs)
8.4.3. Bus
8.4.4. Trucks
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. South Korea
8.5.3. Japan
8.5.4. Rest of Asia Pacific
9. Rest of the World Automotive Fuel Cell Market Analysis (Units, USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Proton Exchange Membrane Fuel Cell (PEMFC)
9.2.2. Phosphoric Acid Fuel Cell (PAFC)
9.2.3. Others
9.3. Market Analysis, Insights and Forecast – By Power Rating
9.3.1. Below 100 kW
9.3.2. 100 – 200 kW
9.3.3. Above 200 kW
9.4. Market Analysis, Insights and Forecast – By Vehicles
9.4.1. Passenger Vehicles
9.4.2. Light Commercial Vehicles (LCVs)
9.4.3. Bus
9.4.4. Trucks
10. Competitive Analysis
10.1. Company Market Share Analysis, 2023
10.2. Company Profile
10.2.1. Hyundai Motor Company
10.2.1.1. Business Overview
10.2.1.2. Product & Service Offering
10.2.1.3. Overall Revenue
10.2.1.4. Geographic Presence
10.2.1.5. Recent Development
10.2.2. Ballard Power Systems
10.2.2.1. Business Overview
10.2.2.2. Product & Service Offering
10.2.2.3. Overall Revenue
10.2.2.4. Geographic Presence
10.2.2.5. Recent Development
10.2.3. Toyota Motor Company
10.2.3.1. Business Overview
10.2.3.2. Product & Service Offering
10.2.3.3. Overall Revenue
10.2.3.4. Geographic Presence
10.2.3.5. Recent Development
10.2.4. Nissan Motor Corporation
10.2.4.1. Business Overview
10.2.4.2. Product & Service Offering
10.2.4.3. Overall Revenue
10.2.4.4. Geographic Presence
10.2.4.5. Recent Development
10.2.5. Nedstack Fuel Cell Technology
10.2.5.1. Business Overview
10.2.5.2. Product & Service Offering
10.2.5.3. Overall Revenue
10.2.5.4. Geographic Presence
10.2.5.5. Recent Development
10.2.6. Plug Power
10.2.6.1. Business Overview
10.2.6.2. Product & Service Offering
10.2.6.3. Overall Revenue
10.2.6.4. Geographic Presence
10.2.6.5. Recent Development
10.2.7. American Honda Motor Company, Inc.
10.2.7.1. Business Overview
10.2.7.2. Product & Service Offering
10.2.7.3. Overall Revenue
10.2.7.4. Geographic Presence
10.2.7.5. Recent Development
10.2.8. Daimler AG
10.2.8.1. Business Overview
10.2.8.2. Product & Service Offering
10.2.8.3. Overall Revenue
10.2.8.4. Geographic Presence
10.2.8.5. Recent Development
10.2.9. Toshiba
10.2.9.1. Business Overview
10.2.9.2. Product & Service Offering
10.2.9.3. Overall Revenue
10.2.9.4. Geographic Presence
10.2.9.5. Recent Development
10.2.10. Hydrogenics
10.2.10.1. Business Overview
10.2.10.2. Product & Service Offering
10.2.10.3. Overall Revenue
10.2.10.4. Geographic Presence
10.2.10.5. Recent Development
10.2.11. Delphi Technologies
10.2.11.1. Business Overview
10.2.11.2. Product & Service Offering
10.2.11.3. Overall Revenue
10.2.11.4. Geographic Presence
10.2.11.5. Recent Development
10.2.12. ITM Power
10.2.12.1. Business Overview
10.2.12.2. Product & Service Offering
10.2.12.3. Overall Revenue
10.2.12.4. Geographic Presence
10.2.12.5. Recent Development
10.2.13. Nuvera Fuel Cells, LLC
10.2.13.1. Business Overview
10.2.13.2. Product & Service Offering
10.2.13.3. Overall Revenue
10.2.13.4. Geographic Presence
10.2.13.5. Recent Development
10.2.14. Ceres Power
10.2.14.1. Business Overview
10.2.14.2. Product & Service Offering
10.2.14.3. Overall Revenue
10.2.14.4. Geographic Presence
10.2.14.5. Recent Development
10.2.15. AVL
10.2.15.1. Business Overview
10.2.15.2. Product & Service Offering
10.2.15.3. Overall Revenue
10.2.15.4. Geographic Presence
10.2.15.5. Recent Development
10.2.16. Bosch
10.2.16.1. Business Overview
10.2.16.2. Product & Service Offering
10.2.16.3. Overall Revenue
10.2.16.4. Geographic Presence
10.2.16.5. Recent Development
10.2.17. Continental Industries
10.2.17.1. Elring Klinger
10.2.17.2. Business Overview
10.2.17.3. Product & Service Offering
10.2.17.4. Overall Revenue
10.2.17.5. Geographic Presence
10.2.17.6. Recent Development
10.2.18. Faurecia
10.2.18.1. Business Overview
10.2.18.2. Product & Service Offering
10.2.18.3. Overall Revenue
10.2.18.4. Geographic Presence
10.2.18.5. Recent Development
10.2.19. FEV Group GmbH
10.2.19.1. Business Overview
10.2.19.2. Product & Service Offering
10.2.19.3. Overall Revenue
10.2.19.4. Geographic Presence
10.2.19.5. Recent Development
10.2.20. Intelligent Energy Limited
10.2.20.1. Business Overview
10.2.20.2. Product & Service Offering
10.2.20.3. Overall Revenue
10.2.20.4. Geographic Presence
10.2.20.5. Recent Development
10.2.21. PowerCell
10.2.21.1. Business Overview
10.2.21.2. Product & Service Offering
10.2.21.3. Overall Revenue
10.2.21.4. Geographic Presence
10.2.21.5. Recent Development
10.2.22. Proton Motor Fuel Cell GmbH
10.2.22.1. Business Overview
10.2.22.2. Product & Service Offering
10.2.22.3. Overall Revenue
10.2.22.4. Geographic Presence
10.2.22.5. Recent Development
10.2.23. StreetScooter
10.2.23.1. Business Overview
10.2.23.2. Product & Service Offering
10.2.23.3. Overall Revenue
10.2.23.4. Geographic Presence
10.2.23.5. Recent Development
10.2.24. Symbio
10.2.24.1. Business Overview
10.2.24.2. Product & Service Offering
10.2.24.3. Overall Revenue
10.2.24.4. Geographic Presence
10.2.24.5. Recent Development
10.2.25. Valmet Automotive
10.2.25.1. Business Overview
10.2.25.2. Product & Service Offering
10.2.25.3. Overall Revenue
10.2.25.4. Geographic Presence
10.2.25.5. Recent Development
10.2.26. Wuhan Tiger FCV
10.2.26.1. Business Overview
10.2.26.2. Product & Service Offering
10.2.26.3. Overall Revenue
10.2.26.4. Geographic Presence
10.2.26.5. Recent Development
10.2.27. Sinocat Environmental Technology Co., Ltd.
10.2.27.1. Business Overview
10.2.27.2. Product & Service Offering
10.2.27.3. Overall Revenue
10.2.27.4. Geographic Presence
10.2.27.5. Recent Development
10.2.28. Hauzer Techno Coating B.V.
10.2.28.1. Business Overview
10.2.28.2. Product & Service Offering
10.2.28.3. Overall Revenue
10.2.28.4. Geographic Presence
10.2.28.5. Recent Development
10.2.29. Bing Energy
10.2.29.1. Business Overview
10.2.29.2. Product & Service Offering
10.2.29.3. Overall Revenue
10.2.29.4. Geographic Presence
10.2.29.5. Recent Development
10.2.30. W. L. Gore & Associates
10.2.30.1. Business Overview
10.2.30.2. Product & Service Offering
10.2.30.3. Overall Revenue
10.2.30.4. Geographic Presence
10.2.30.5. Recent Development
10.2.31. Foresight Energy Co., Ltd.
10.2.31.1. Business Overview
10.2.31.2. Product & Service Offering
10.2.31.3. Overall Revenue
10.2.31.4. Geographic Presence
10.2.31.5. Recent Development
10.2.32. Air Liquide
10.2.32.1. Business Overview
10.2.32.2. Product & Service Offering
10.2.32.3. Overall Revenue
10.2.32.4. Geographic Presence
10.2.32.5. Recent Development
10.2.33. Blue World Technologies
10.2.33.1. Business Overview
10.2.33.2. Product & Service Offering
10.2.33.3. Overall Revenue
10.2.33.4. Geographic Presence
10.2.33.5. Recent Development
10.2.34. Bosal
10.2.34.1. Business Overview
10.2.34.2. Product & Service Offering
10.2.34.3. Overall Revenue
10.2.34.4. Geographic Presence
10.2.34.5. Recent Development
10.2.35. Danish Power Systems
10.2.35.1. Business Overview
10.2.35.2. Product & Service Offering
10.2.35.3. Overall Revenue
10.2.35.4. Geographic Presence
10.2.35.5. Recent Development
10.2.36. e.Go Mobile AG
10.2.36.1. Business Overview
10.2.36.2. Product & Service Offering
10.2.36.3. Overall Revenue
10.2.36.4. Geographic Presence
10.2.36.5. Recent Development
10.2.37. FABER INDUSTRIE SPA
10.2.37.1. Business Overview
10.2.37.2. Product & Service Offering
10.2.37.3. Overall Revenue
10.2.37.4. Geographic Presence
10.2.37.5. Recent Development
10.2.38. FREUDENBERG
10.2.38.1. Business Overview
10.2.38.2. Product & Service Offering
10.2.38.3. Overall Revenue
10.2.38.4. Geographic Presence
10.2.38.5. Recent Development
10.2.39. Grove Hydrogen Automotive
10.2.39.1. Business Overview
10.2.39.2. Product & Service Offering
10.2.39.3. Overall Revenue
10.2.39.4. Geographic Presence
10.2.39.5. Recent Development
10.2.40. H2 Energy
10.2.40.1. Business Overview
10.2.40.2. Product & Service Offering
10.2.40.3. Overall Revenue
10.2.40.4. Geographic Presence
10.2.40.5. Recent Development
10.2.41. H2V Industry
10.2.41.1. Business Overview
10.2.41.2. Product & Service Offering
10.2.41.3. Overall Revenue
10.2.41.4. Geographic Presence
10.2.41.5. Recent Development
10.2.42. Hexagon Composites ASA
10.2.42.1. Business Overview
10.2.42.2. Product & Service Offering
10.2.42.3. Overall Revenue
10.2.42.4. Geographic Presence
10.2.42.5. Recent Development
10.2.43. Horizon Fuel Cell Technologies
10.2.43.1. Business Overview
10.2.43.2. Product & Service Offering
10.2.43.3. Overall Revenue
10.2.43.4. Geographic Presence
10.2.43.5. Recent Development
10.2.44. Hydrogenious
10.2.44.1. Business Overview
10.2.44.2. Product & Service Offering
10.2.44.3. Overall Revenue
10.2.44.4. Geographic Presence
10.2.44.5. Recent Development
10.2.45. Hydrospider
10.2.45.1. Business Overview
10.2.45.2. Product & Service Offering
10.2.45.3. Overall Revenue
10.2.45.4. Geographic Presence
10.2.45.5. Recent Development
10.2.46. Hystorsys
10.2.46.1. Business Overview
10.2.46.2. Product & Service Offering
10.2.46.3. Overall Revenue
10.2.46.4. Geographic Presence
10.2.46.5. Recent Development
10.2.47. Pragma Industries
10.2.47.1. Business Overview
10.2.47.2. Product & Service Offering
10.2.47.3. Overall Revenue
10.2.47.4. Geographic Presence
10.2.47.5. Recent Development
10.2.48. Shanghai Re-Fire Technology Co., Ltd.
10.2.48.1. Business Overview
10.2.48.2. Product & Service Offering
10.2.48.3. Overall Revenue
10.2.48.4. Geographic Presence
10.2.48.5. Recent Development
10.2.49. Solaris Bus & Coach S.A
10.2.49.1. Business Overview
10.2.49.2. Product & Service Offering
10.2.49.3. Overall Revenue
10.2.49.4. Geographic Presence
10.2.49.5. Recent Development
10.2.50. Umicore
10.2.50.1. Business Overview
10.2.50.2. Product & Service Offering
10.2.50.3. Overall Revenue
10.2.50.4. Geographic Presence
10.2.50.5. Recent Development
10.2.51. UQM Technologies
10.2.51.1. Business Overview
10.2.51.2. Product & Service Offering
10.2.51.3. Overall Revenue
10.2.51.4. Geographic Presence
10.2.51.5. Recent Development
10.2.52. Wind2Gas Energy GmbH & Co KG
10.2.52.1. Business Overview
10.2.52.2. Product & Service Offering
10.2.52.3. Overall Revenue
10.2.52.4. Geographic Presence
10.2.52.5. Recent Development
10.2.53. Wystrach
10.2.53.1. Business Overview
10.2.53.2. Product & Service Offering
10.2.53.3. Overall Revenue
10.2.53.4. Geographic Presence
10.2.53.5. Recent Development

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