Fuel Cell Vehicle

Fuel Cell Vehicle

Global Fuel Cell Vehicle Market to Reach $1.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Fuel Cell Vehicle estimated at US$264.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 29% over the analysis period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record a 28.6% CAGR and reach US$696.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 32.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $71 Billion, While China is Forecast to Grow at 35.9% CAGR

The Fuel Cell Vehicle market in the U.S. is estimated at US$71 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$401.2 Billion by the year 2027 trailing a CAGR of 35.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.1% and 26.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.8% CAGR.

Other End-Uses Segment to Record 26.8% CAGR

In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 25.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$66.2 Billion in the year 2020 will reach a projected size of US$331.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$245.6 Billion by the year 2027, while Latin America will expand at a 28.1% CAGR through the analysis period. We bring years of research experience to this 9th edition of our report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Ballard Power Systems, Inc.
  • Daimler AG
  • Hyundai Motor Company
  • Nissan Motor Co., Ltd.
  • Renault Group
  • Toyota Motor Corporation


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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Fuel Cell Vehicle Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Fuel Cell Vehicle Global Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
TABLE 2: Fuel Cell Vehicle Global Retrospective Market Scenario in US$ by Region/Country: 2012-2019
TABLE 3: Fuel Cell Vehicle Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Passenger Cars (End-Use) Global Opportunity Assessment in US$ by Region/Country: 2020-2027
TABLE 5: Passenger Cars (End-Use) Historic Sales Analysis in US$ by Region/Country: 2012-2019
TABLE 6: Passenger Cars (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Commercial Vehicles (End-Use) Worldwide Sales in US$ by Region/Country: 2020-2027
TABLE 8: Commercial Vehicles (End-Use) Historic Demand Patterns in US$ by Region/Country: 2012-2019
TABLE 9: Commercial Vehicles (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Other End-Uses (End-Use) Global Market Estimates & Forecasts in US$ by Region/Country: 2020-2027
TABLE 11: Other End-Uses (End-Use) Retrospective Demand Analysis in US$ by Region/Country: 2012-2019
TABLE 12: Other End-Uses (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Fuel Cell Vehicle Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 13: United States Fuel Cell Vehicle Latent Demand Forecasts in US$ by End-Use: 2020 to 2027
TABLE 14: Fuel Cell Vehicle Historic Demand Patterns in the United States by End-Use in US$ for 2012-2019
TABLE 15: Fuel Cell Vehicle Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
TABLE 16: Canadian Fuel Cell Vehicle Market Quantitative Demand Analysis in US$ by End-Use: 2020 to 2027
TABLE 17: Fuel Cell Vehicle Market in Canada: Summarization of Historic Demand Patterns in US$ by End-Use for 2012-2019
TABLE 18: Canadian Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
TABLE 19: Japanese Demand Estimates and Forecasts for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 20: Japanese Fuel Cell Vehicle Market in US$ by End-Use: 2012-2019
TABLE 21: Fuel Cell Vehicle Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
TABLE 22: Chinese Demand for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 23: Fuel Cell Vehicle Market Review in China in US$ by End-Use: 2012-2019
TABLE 24: Chinese Fuel Cell Vehicle Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Fuel Cell Vehicle Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 25: European Fuel Cell Vehicle Market Demand Scenario in US$ by Region/Country: 2020-2027
TABLE 26: Fuel Cell Vehicle Market in Europe: A Historic Market Perspective in US$ by Region/Country for the Period 2012-2019
TABLE 27: European Fuel Cell Vehicle Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Fuel Cell Vehicle Addressable Market Opportunity in US$ by End-Use: 2020-2027
TABLE 29: Fuel Cell Vehicle Market in Europe: Summarization of Historic Demand in US$ by End-Use for the Period 2012-2019
TABLE 30: European Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
TABLE 31: Fuel Cell Vehicle Quantitative Demand Analysis in France in US$ by End-Use: 2020-2027
TABLE 32: French Fuel Cell Vehicle Historic Market Review in US$ by End-Use: 2012-2019
TABLE 33: French Fuel Cell Vehicle Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
TABLE 34: Fuel Cell Vehicle Market in Germany: Annual Sales Estimates and Forecasts in US$ by End-Use for the Period 2020-2027
TABLE 35: German Fuel Cell Vehicle Market in Retrospect in US$ by End-Use: 2012-2019
TABLE 36: Fuel Cell Vehicle Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
TABLE 37: Italian Demand for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 38: Fuel Cell Vehicle Market Review in Italy in US$ by End-Use: 2012-2019
TABLE 39: Italian Fuel Cell Vehicle Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 40: United Kingdom Demand Estimates and Forecasts for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 41: United Kingdom Fuel Cell Vehicle Market in US$ by End-Use: 2012-2019
TABLE 42: Fuel Cell Vehicle Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
SPAIN
TABLE 43: Spanish Fuel Cell Vehicle Market Quantitative Demand Analysis in US$ by End-Use: 2020 to 2027
TABLE 44: Fuel Cell Vehicle Market in Spain: Summarization of Historic Demand Patterns in US$ by End-Use for 2012-2019
TABLE 45: Spanish Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
RUSSIA
TABLE 46: Russian Fuel Cell Vehicle Latent Demand Forecasts in US$ by End-Use: 2020 to 2027
TABLE 47: Fuel Cell Vehicle Historic Demand Patterns in Russia by End-Use in US$ for 2012-2019
TABLE 48: Fuel Cell Vehicle Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 49: Rest of Europe Fuel Cell Vehicle Addressable Market Opportunity in US$ by End-Use: 2020-2027
TABLE 50: Fuel Cell Vehicle Market in Rest of Europe: Summarization of Historic Demand in US$ by End-Use for the Period 2012-2019
TABLE 51: Rest of Europe Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 52: Asia-Pacific Fuel Cell Vehicle Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
TABLE 53: Fuel Cell Vehicle Market in Asia-Pacific: Historic Market Analysis in US$ by Region/Country for the Period 2012-2019
TABLE 54: Asia-Pacific Fuel Cell Vehicle Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: Fuel Cell Vehicle Quantitative Demand Analysis in Asia-Pacific in US$ by End-Use: 2020-2027
TABLE 56: Asia-Pacific Fuel Cell Vehicle Historic Market Review in US$ by End-Use: 2012-2019
TABLE 57: Asia-Pacific Fuel Cell Vehicle Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
AUSTRALIA
TABLE 58: Fuel Cell Vehicle Market in Australia: Annual Sales Estimates and Forecasts in US$ by End-Use for the Period 2020-2027
TABLE 59: Australian Fuel Cell Vehicle Market in Retrospect in US$ by End-Use: 2012-2019
TABLE 60: Fuel Cell Vehicle Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
INDIA
TABLE 61: Indian Fuel Cell Vehicle Market Quantitative Demand Analysis in US$ by End-Use: 2020 to 2027
TABLE 62: Fuel Cell Vehicle Market in India: Summarization of Historic Demand Patterns in US$ by End-Use for 2012-2019
TABLE 63: Indian Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SOUTH KOREA
TABLE 64: Fuel Cell Vehicle Market in South Korea: Recent Past, Current and Future Analysis in US$ by End-Use for the Period 2020-2027
TABLE 65: South Korean Fuel Cell Vehicle Historic Market Analysis in US$ by End-Use: 2012-2019
TABLE 66: Fuel Cell Vehicle Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 67: Rest of Asia-Pacific Demand Estimates and Forecasts for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 68: Rest of Asia-Pacific Fuel Cell Vehicle Market in US$ by End-Use: 2012-2019
TABLE 69: Fuel Cell Vehicle Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 70: Latin American Fuel Cell Vehicle Market Trends by Region/Country in US$: 2020-2027
TABLE 71: Fuel Cell Vehicle Market in Latin America in US$ by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 72: Latin American Fuel Cell Vehicle Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 73: Latin American Demand for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 74: Fuel Cell Vehicle Market Review in Latin America in US$ by End-Use: 2012-2019
TABLE 75: Latin American Fuel Cell Vehicle Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
ARGENTINA
TABLE 76: Argentinean Fuel Cell Vehicle Addressable Market Opportunity in US$ by End-Use: 2020-2027
TABLE 77: Fuel Cell Vehicle Market in Argentina: Summarization of Historic Demand in US$ by End-Use for the Period 2012-2019
TABLE 78: Argentinean Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
BRAZIL
TABLE 79: Fuel Cell Vehicle Quantitative Demand Analysis in Brazil in US$ by End-Use: 2020-2027
TABLE 80: Brazilian Fuel Cell Vehicle Historic Market Review in US$ by End-Use: 2012-2019
TABLE 81: Brazilian Fuel Cell Vehicle Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
MEXICO
TABLE 82: Fuel Cell Vehicle Market in Mexico: Annual Sales Estimates and Forecasts in US$ by End-Use for the Period 2020-2027
TABLE 83: Mexican Fuel Cell Vehicle Market in Retrospect in US$ by End-Use: 2012-2019
TABLE 84: Fuel Cell Vehicle Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 85: Rest of Latin America Fuel Cell Vehicle Latent Demand Forecasts in US$ by End-Use: 2020 to 2027
TABLE 86: Fuel Cell Vehicle Historic Demand Patterns in Rest of Latin America by End-Use in US$ for 2012-2019
TABLE 87: Fuel Cell Vehicle Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 88: The Middle East Fuel Cell Vehicle Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
TABLE 89: Fuel Cell Vehicle Market in the Middle East by Region/Country in US$: 2012-2019
TABLE 90: The Middle East Fuel Cell Vehicle Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 91: The Middle East Fuel Cell Vehicle Market Quantitative Demand Analysis in US$ by End-Use: 2020 to 2027
TABLE 92: Fuel Cell Vehicle Market in the Middle East: Summarization of Historic Demand Patterns in US$ by End-Use for 2012-2019
TABLE 93: The Middle East Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IRAN
TABLE 94: Iranian Demand Estimates and Forecasts for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 95: Iranian Fuel Cell Vehicle Market in US$ by End-Use: 2012-2019
TABLE 96: Fuel Cell Vehicle Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
ISRAEL
TABLE 97: Israeli Fuel Cell Vehicle Addressable Market Opportunity in US$ by End-Use: 2020-2027
TABLE 98: Fuel Cell Vehicle Market in Israel: Summarization of Historic Demand in US$ by End-Use for the Period 2012-2019
TABLE 99: Israeli Fuel Cell Vehicle Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 100: Saudi Arabian Demand for Fuel Cell Vehicle in US$ by End-Use: 2020 to 2027
TABLE 101: Fuel Cell Vehicle Market Review in Saudi Arabia in US$ by End-Use: 2012-2019
TABLE 102: Saudi Arabian Fuel Cell Vehicle Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
TABLE 103: Fuel Cell Vehicle Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ by End-Use for the Period 2020-2027
TABLE 104: United Arab Emirates Fuel Cell Vehicle Historic Market Analysis in US$ by End-Use: 2012-2019
TABLE 105: Fuel Cell Vehicle Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 106: Fuel Cell Vehicle Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ by End-Use for the Period 2020-2027
TABLE 107: Rest of Middle East Fuel Cell Vehicle Market in Retrospect in US$ by End-Use: 2012-2019
TABLE 108: Fuel Cell Vehicle Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
AFRICA
TABLE 109: African Fuel Cell Vehicle Latent Demand Forecasts in US$ by End-Use: 2020 to 2027
TABLE 110: Fuel Cell Vehicle Historic Demand Patterns in Africa by End-Use in US$ for 2012-2019
TABLE 111: Fuel Cell Vehicle Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 41

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