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Global Hydrogen Fuel Cell Vehicle Market 2017-2021

Global Hydrogen Fuel Cell Vehicle Market 2017-2021

About hydrogen fuel cell vehicle

Hydrogen fuel cell vehicles (HFCVs) are a class of electric vehicles that power the drive train of the vehicles through the energy generated from fuel cells. The fuel cell converts chemical energy generated from the positively charged hydrogen ions into electricity. The fuel cell technology has been adopted from the aerospace industry where it was first used to power space shuttles and satellites.

Technavio’s analysts forecast the global hydrogen fuel cell vehicle market to grow at a CAGR of 82.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hydrogen fuel cell vehicle market for 2017-2021. To calculate the market size, the report considers the total units of top HFCVs in stock per annum globally.

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

  • APAC
  • Europe
  • North America
Technavio's report, Global Hydrogen Fuel Cell Vehicle Market 2017-2021, 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
  • Daimler
  • Honda
  • Hyundai
  • Toyota
Other prominent vendors
  • Audi
  • Ballard Power Systems
  • BMW
  • Fuel Cell Energy
  • GM
  • Hydrogenics
  • MAN
  • Volvo
Market driver
  • Development of infrastructure to produce hydrogen
  • For a full, detailed list, view our report
Market challenge
  • Reduced HRS and high initial cost of development
  • For a full, detailed list, view our report
Market trend
  • Production of clean hydrogen fuel (green fuel)
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


  • Executive summary
  • Scope of the report
    • Market overview
    • Report coverage
      • Table Review period, exclusions, and methodology: Global HFCV market
    • Top-vendor offerings
      • Table Product offerings: Top vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Architecture of HFCV
      • Table Comparison of propulsion technologies 2016
    • Value chain analysis
      • Table Value chain analysis of global HFCV market
    • Regulatory framework
  • Market landscape
    • Market overview
      • Table Market landscape of global HFCV market
    • Market size and forecast
      • Table Global HFCV market 2016-2021 (unit shipments in thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Market overview
    • Market size and forecast
      • Table Recent developments in passenger HFCV market
      • Table Global passenger HFCV market 2016-2021 (unit shipment in thousands)
      • Table Recent developments in commercial HFCV market
      • Table Global commercial HFCV market 2016-2021 (unit shipments)
  • Geographic segmentation
    • Market overview
      • Table Global HFCV market by geography 2016
      • Table Global HFCV market share by geography 2021
    • HFCV market in APAC
      • Table HFCV market in APAC 2016-2021 (unit shipment in thousands)
      • Table HFCV market in Japan 2016-2021 (unit shipment in thousands)
      • Table HFCV market in South Korea 2016-2021 (unit shipment in thousands)
    • HFCV market in North America
      • Table HFCV market in North America 2016-2021 (unit shipment in thousands)
    • HFCV market in Europe
      • Table HFCV market in Europe 2016-2021 (unit shipment in thousands)
  • Market drivers
    • Reduced emission and improved fuel economy
    • Development of infrastructure to produce hydrogen
    • Incentives and investments by governments
  • Market challenges
    • High initial cost compared with electric vehicles
    • Reduced HRS and high initial cost of development
    • Pollution caused during production of hydrogen
  • Market trends
    • Global OEMs entering HFCV market through substantial investments
    • Advances in technology and future potential in HFCV market
    • Production of clean hydrogen fuel (green fuel)
    • Reduction in fuel cell prices
  • Vendor landscape
    • Competitive benchmarking
      • Table Quality benchmarking of prominent vendors in global HFCV market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Daimler
      • Table Daimler: Business segmentation
      • Table Daimler: Key brands
      • Table Recent developments: Daimler
    • Honda
      • Table Geographic segmentation by revenue 2016
      • Table Honda: Recent developments
    • Hyundai
      • Table Hyundai: Geographic segmentation by revenue 2016
      • Table Hyundai: Recent developments
    • Toyota
      • Table Geographic segmentation by revenue 2016
      • Table Toyota: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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