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Global Fuel Cell Vehicle Market 2018-2022

Global Fuel Cell Vehicle Market 2018-2022

About fuel cell vehicle

Fuel cell vehicles are electric vehicles that use hydrogen fuel to power the drivetrain. These vehicles combine oxygen and hydrogen to generate power for the motor. Also, these vehicles can be refuelled by conventional vehicles from a hydrogen fuel refuelling station.

Technavio’s analysts forecast the Global Fuel Cell Vehicle Market to grow at a CAGR of 85.18% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the fuel cell vehicle market. To calculate the market size, the report considers the revenue generated from applications such as passenger cars and commercial vehicles.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global fuel cell vehicle market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ballard Power Systems
  • Daimler
  • Hyundai Motor Company
  • Nissan
  • Renault
  • Toyota Motor
Market driver
  • Improved fuel efficiency and emission control
  • For a full, detailed list, view our report
Market challenge
  • High cost of installation
  • For a full, detailed list, view our report
Market trend
  • Reduction in prices of fuel cells
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Fuel Cell Vehicle Market 2018-2022

Technavio recognizes the following companies as the key players in the fuel cell vehicle market: Ballard Power Systems, Daimler, Hyundai Motor Company, Nissan, Renault, Toyota Motor

Commenting on the report, an analyst from Technavio’s team said: “The reduction in prices of fuel cells will be a key trend driving the growth of this market. Vehicle makers and technology companies are focusing on reducing the cost of manufacturing fuel cells to power fuel cell vehicles. Due to low production costs, consumers can easily shift from conventional vehicles to fuel cell vehicles.

According to the report, the improved fuel efficiency and emission control will drive the growth of the market. Governments are encouraging environment-friendly modes of transportation as the increasing use of internal combustion engines degrades the air quality. As these fuel cells use hydrogen, the generation and storage in fuel cells reduces emissions.

Further, the report states that the high cost of installation will affect the growth of the market. Due to the high cost of installation and operations, the number of installations with significant number of fuel cells vehicles per regions are restricted.

Companies Mentioned

Ballard Power Systems
Daimler
Hyundai Motor Company
Nissan
Renault
Toyota Motor

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global fuel cell vehicle market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 (thousand units)
  • Five forces analysis
    • Table Global - Year-over-year growth 2018-2022 (%)
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger cars - Market size and forecast 2017-2022
      • Table Passenger cars - Market size and forecast 2017-2022 (thousands units)
      • Table Passenger cars - Year-over-year growth 2018-2022 (%)
    • Commercial vehicles - Market size and forecast 2017-2022
      • Table Commercial vehicles - Market size and forecast 2017-2022 (thousand units)
      • Table Commercial vehicles - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 (thousand units)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 (thousand units)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 (thousand units)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Changes in hydrogen production technology
    • Reduction in prices of fuel cells
    • Adoption plans of fuel cell vehicles in major cities
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Ballard Power Systems
      • Table Vendor overview
      • Table Ballard Power Systems - Business segments
      • Table Ballard Power Systems - Organizational developments
      • Table Ballard Power Systems - Geographic focus
      • Table Ballard Power Systems - Segment focus
      • Table Ballard Power Systems - Key offerings
    • Daimler
      • Table Vendor overview
      • Table Daimler - Business segments
      • Table Daimler - Organizational developments
      • Table Daimler - Geographic focus
      • Table Daimler - Segment focus
      • Table Daimler - Key offerings
    • Hyundai Motor Company
      • Table Vendor overview
      • Table Hyundai Motor Company - Business segments
      • Table Hyundai Motor Company - Organizational developments
      • Table Hyundai Motor Company - Geographic focus
      • Table Hyundai Motor Company - Segment focus
      • Table Hyundai Motor Company - Key offerings
    • Nissan
      • Table Vendor overview
      • Table Nissan - Organizational developments
      • Table Nissan - Geographic focus
      • Table Nissan - Key offerings
    • Renault
      • Table Vendor overview
      • Table Renault - Business segments
      • Table Renault - Organizational developments
      • Table Renault - Geographic focus
      • Table Renault - Segment focus
      • Table Renault - Key offerings
    • Toyota Motor
      • Table Vendor overview
      • Table Toyota Motor - Business segments
      • Table Toyota Motor - Organizational developments
      • Table Toyota Motor - Geographic focus
      • Table Toyota Motor - Segment focus
      • Table Toyota Motor - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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