
Global Fuel Cell Powertrain Market Size & Share to 2027
Description
Global Fuel Cell Powertrain Market Size & Share to 2027
Global Fuel Cell Powertrain Market Size, Trends & Growth Opportunity, By Component (Fuel Cell System, Battery System, Drive System, Hydrogen Storage System, and Others), By Drive Type (Rear-Wheel Drive, Front-Wheel Drive, and All Wheel Drive), By Vehicle Type, By Power Output, By Region and Forecast till 2027
Global Fuel Cell Powertrain Market
Fuel cell Powertrain is an economical and attractive technology for mobility with zero local emissions. This is part of fuel cell electric vehicle in which electricity is generated by a fuel cell using hydrogen as an energy source. Continuous technological changes in automotive industry for fuel efficient systems are significantly grow the fuel cell Powertrain market growth across the globe.
Market Drivers
The high energy density and quick refueling of fuel cell Powertrain is the key driving factor which is expected to boost the global fuel cell Powertrain market growth. The fuel cell electric vehicles provide better fuel economy than ICE vehicles. As per the US Department of Energy, the fuel economy of an FCVE is around 63 miles/gallon gasoline equivalent (MPGge) while that of ICE vehicles is around 29 MPGge on highways. Furthermore, increase in environmental issues like climate change, poor air quality due to high fossil fuel consumption which generates demand for clean energy source which is expected to propel the global fuel cell Powertrain market growth. Also, increase in technological developments will drive the market growth during this forecast period. Moreover, rise in government initiatives for development of hydrogen infrastructure expected to fuel the market growth in near future.
Market Restraints
However, high flammability and challenges in detection of hydrogen leakage is the major restraining factor which is expected to hinder the global fuel cell Powertrain market growth. Also, rise in demand for battery and hybrid electric vehicles will affect the market growth.
Market Segmentation
Global Fuel Cell Powertrain Market is segmented into component such as Fuel Cell System, Battery System, Drive System, Hydrogen Storage System, and Others, by drive type such as Rear-Wheel Drive, Front-Wheel Drive, and All Wheel Drive, by vehicle type such as Passenger Cars, Light Commercial Vehicle, Buses, and Trucks. Further, market is segmented into power output such as <150kW, 150-250kW, and >250 kW.
Also, Global Fuel Cell Powertrain Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as CUMMINS INC., BALLARD POWER SYSTEMS, ROBERT BOSCH GMBH, DENSO CORPORATION, FEV, FUEL CELL POWERTRAIN GMBH, CERES POWER, CONTINENTAL AG, DELPHI TECHNOLOGIES, and ARCOLA ENERGY.
Market Taxonomy
By Component
Global Fuel Cell Powertrain Market Size, Trends & Growth Opportunity, By Component (Fuel Cell System, Battery System, Drive System, Hydrogen Storage System, and Others), By Drive Type (Rear-Wheel Drive, Front-Wheel Drive, and All Wheel Drive), By Vehicle Type, By Power Output, By Region and Forecast till 2027
Global Fuel Cell Powertrain Market
Fuel cell Powertrain is an economical and attractive technology for mobility with zero local emissions. This is part of fuel cell electric vehicle in which electricity is generated by a fuel cell using hydrogen as an energy source. Continuous technological changes in automotive industry for fuel efficient systems are significantly grow the fuel cell Powertrain market growth across the globe.
Market Drivers
The high energy density and quick refueling of fuel cell Powertrain is the key driving factor which is expected to boost the global fuel cell Powertrain market growth. The fuel cell electric vehicles provide better fuel economy than ICE vehicles. As per the US Department of Energy, the fuel economy of an FCVE is around 63 miles/gallon gasoline equivalent (MPGge) while that of ICE vehicles is around 29 MPGge on highways. Furthermore, increase in environmental issues like climate change, poor air quality due to high fossil fuel consumption which generates demand for clean energy source which is expected to propel the global fuel cell Powertrain market growth. Also, increase in technological developments will drive the market growth during this forecast period. Moreover, rise in government initiatives for development of hydrogen infrastructure expected to fuel the market growth in near future.
Market Restraints
However, high flammability and challenges in detection of hydrogen leakage is the major restraining factor which is expected to hinder the global fuel cell Powertrain market growth. Also, rise in demand for battery and hybrid electric vehicles will affect the market growth.
Market Segmentation
Global Fuel Cell Powertrain Market is segmented into component such as Fuel Cell System, Battery System, Drive System, Hydrogen Storage System, and Others, by drive type such as Rear-Wheel Drive, Front-Wheel Drive, and All Wheel Drive, by vehicle type such as Passenger Cars, Light Commercial Vehicle, Buses, and Trucks. Further, market is segmented into power output such as <150kW, 150-250kW, and >250 kW.
Also, Global Fuel Cell Powertrain Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as CUMMINS INC., BALLARD POWER SYSTEMS, ROBERT BOSCH GMBH, DENSO CORPORATION, FEV, FUEL CELL POWERTRAIN GMBH, CERES POWER, CONTINENTAL AG, DELPHI TECHNOLOGIES, and ARCOLA ENERGY.
Market Taxonomy
By Component
- Fuel Cell System
- Battery System
- Drive System
- Hydrogen Storage System
- Others
- Rear-Wheel Drive
- Front-Wheel Drive
- All Wheel Drive
- Passenger Cars
- Light Commercial Vehicle
- Buses
- Trucks
- <150kW
- 150-250kW
- >250 kW
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Fuel Cell Powertrain Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
157 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Fuel Cell Powertrain Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Fuel Cell Powertrain Market, By Component
- 5.1 Y-o-Y Growth Comparison, By Component
- 5.2 Global Fuel Cell Powertrain Market Share Analysis, By Component
- 5.3 Global Fuel Cell Powertrain Market Size and Forecast, By Component
- 5.3.1 Fuel Cell System
- 5.3.2 Battery System
- 5.3.3 Drive System
- 5.3.4 Hydrogen Storage System
- 5.3.5 Others
- 6 Global Fuel Cell Powertrain Market, By Drive Type
- 6.1 Y-o-Y Growth Comparison, By Drive Type
- 6.2 Global Fuel Cell Powertrain Market Share Analysis, By Drive Type
- 6.3 Global Fuel Cell Powertrain Market Size and Forecast, By Drive Type
- 6.3.1 Rear-Wheel Type
- 6.3.2 Front-Wheel Type
- 6.3.3 Hydrogen Storage System
- 6.3.4 Others
- 7 Global Fuel Cell Powertrain Market, By Vehicle Type
- 7.1 Y-o-Y Growth Comparison, By Vehicle Type
- 7.2 Global Fuel Cell Powertrain Market Share Analysis, By Vehicle Type
- 7.3 Global Fuel Cell Powertrain Market Size and Forecast, By Vehicle Type
- 7.3.1 Passenger Cars
- 7.3.2 Light Commercial Vehicles
- 7.3.3 Buses
- 7.3.4 Trucks
- 8 Global Fuel Cell Powertrain Market, By Power Output
- 8.1 Y-o-Y Growth Comparison, By Power Output
- 8.2 Global Fuel Cell Powertrain Market Share Analysis, By Power Output
- 8.3 Global Fuel Cell Powertrain Market Size and Forecast, By Power Output
- 8.3.1 < 150 KW
- 8.3.2 150-250 kW
- 8.3.3 > 250 kW
- 9 Global Fuel Cell Powertrain Market, By Region
- 9.1 Global Fuel Cell Powertrain Market Share Analysis, By Region
- 9.2 Global Fuel Cell Powertrain Market Share Analysis, By Region
- 9.3 Global Fuel Cell Powertrain Market Size and Forecast, By Region
- 10 North America Fuel Cell Powertrain Analysis and Forecast (2020 – 2027)
- 10.1 Introduction
- 10.2 North America Fuel Cell Powertrain Product Market Share Analysis, By Component
- 10.3 North America Fuel Cell Powertrain Product Market Size and Forecast, By Drive Type
- 10.4 North America Fuel Cell Powertrain Product Market Size and Forecast, By Vehicle Type
- 10.5 North America Fuel Cell Powertrain Product Market Size and Forecast, By Power Output
- 10.6 North America Fuel Cell Powertrain Product Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Fuel Cell Powertrain Market Analysis and Forecast (2020 – 2027)
- 11.1 Introduction
- 11.2 Europe Fuel Cell Powertrain Product Market Share Analysis, By Component
- 11.3 Europe Fuel Cell Powertrain Product Market Size and Forecast, By Drive Type
- 11.4 Europe Fuel Cell Powertrain Product Market Size and Forecast, By Vehicle Type
- 11.5 Europe Fuel Cell Powertrain Product Market Size and Forecast, By Power Output
- 11.6 Europe Fuel Cell Powertrain Product Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4 Rest of Europe
- 12 Asia Pacific Fuel Cell Powertrain Market Analysis and Forecast (2020 – 2027)
- 12.1 Introduction
- 12.2 Asia Pacific Fuel Cell Powertrain Product Market Share Analysis, By Component
- 12.3 Asia Pacific Fuel Cell Powertrain Product Market Size and Forecast, By Drive Type
- 12.4 Asia Pacific Fuel Cell Powertrain Product Market Size and Forecast, By Vehicle Type
- 12.5 Asia Pacific Fuel Cell Powertrain Product Market Size and Forecast, By Power Output
- 12.6 Asia Pacific Fuel Cell Powertrain Product Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4. Rest of Asia Pacific
- 13 Latin America Fuel Cell Powertrain Market Analysis and Forecast (2020 – 2027)
- 13.1 Introduction
- 13.2 Latin America Fuel Cell Powertrain Product Market Share Analysis, By Component
- 13.3 Latin America Fuel Cell Powertrain Product Market Size and Forecast, By Drive Type
- 13.4 Latin America Fuel Cell Powertrain Product Market Size and Forecast, By Vehicle Type
- 13.5 Latin America Fuel Cell Powertrain Product Market Size and Forecast, By Power Output
- 13.6 Latin America Fuel Cell Powertrain Product Market Size and Forecast, By Country
- 14 Middle East Fuel Cell Powertrain Market Analysis and Forecast (2020 – 2027)
- 14.1 Introduction
- 14.2 Middle East Fuel Cell Powertrain Product Market Share Analysis, By Component
- 14.3 Middle East Fuel Cell Powertrain Product Market Size and Forecast, By Drive Type
- 14.4 Middle East Fuel Cell Powertrain Product Market Size and Forecast, By Vehicle Type
- 14.5 Middle East Fuel Cell Powertrain Product Market Size and Forecast, By Power Output
- 14.6 Middle East Fuel Cell Powertrain Product Market Size and Forecast, By Country
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 CUMMINS INC
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 BALLARD POWER SYSTEMS
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 ROBERT BOSCH GMBH
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 DENSO CORPORATION
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 FEV
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 FUEL CELL POWERTRAIN GMBH
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 CERES POWER
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 CONTINENTAL AG
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 DELPHI TECHNOLOGIES
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 ARCOLA ENERGY
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
Pricing
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