Global Automotive Fuel Cell Market By Electrolyte Type (PEMFC, PAFC), Component Type (Fuel Stack, Fuel Processor, Power Conditioner), Power Output (<100 Kw Power Output, 100–200 Kw Power Output, >200 Kw Power Output), Vehicle Type (PC, LCV, Bus, Truck), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Automotive Fuel Cell Market
Automotive fuel cell market will register growth rate of 66.81% for the forecast period of 2020 to 2027. Growing demand for fuel cell vehicles from automotive & transportation sectors is expected to create new opportunity for the market.
A fuel cell is an electrical device created by a chemical reaction between a source fuel and an oxidant. Fuel cell powered cars, like their battery-operated counterparts, are powerful and emission-free.
Increasing government initiatives to enhance hydrogen infrastructure is expected to enhance the market growth. Some of the other factors such as less greenhouse gas & air pollutant emissions, better fuel efficiency and development of zero emission vehicles will drive the automotive fuel cell market in the forecast period of 2020 to 2027.
High cost of the vehicles and improper hydrogen infrastructure will hamper the market growth in the mentioned forecast period.
This automotive fuel cell market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research automotive fuel cell market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Fuel Cell Market Scope and Market Size
Automotive fuel cell market is segmented of the basis of electrolyte type, component type, power output and vehicle type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of electrolyte type, the automotive fuel cell market is segmented into PEMFC and PAFC.
- Based on component type, the automotive fuel cell market is divided into fuel stack, fuel processor and power conditioner.
- The power output segment of the automotive fuel cell market is divided into <100 Kw Power Output, 100–200 Kw Power Output, and >200 Kw Power Output.
- Vehicle type segment of the automotive fuel cell market is divided into PC, LCV, bus, and truck.
Automotive Fuel Cell Market Country Level Analysis
Automotive fuel cell market is analysed and market size, volume information is provided by electrolyte type, component type, power output and vehicle type as referenced above.
The countries covered in the automotive fuel cell market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive fuel cell market in the forecast period of 2020 to 2027. Increasing production of fuel cell vehicles such as trucks, cars and buses in the region which is expected to enhance the demand for automotive fuel cell in the region.
The country section of the report also provides individual automotive fuel cell market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Fuel Cell Market Share Analysis
Automotive fuel cell market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive fuel cell market.
The major players covered in the automotive fuel cell market report are Toshiba India Pvt. Ltd., Ballard Power Systems, Hydrogenics, ITM Power, PLUG POWER INC., Ceres Power Holdings plc, Nedstack Fuel Cell Technology BV, NUVERA FUEL CELLS, LLC, Toyota Motor Sales, U.S.A., Inc., American Honda Motor Co., Inc., Hyundai Motor Company, Daimler AG, Nissan, TW Horizon Fuel Cell Technologies, Altergy, Intelligent Energy Limited, K- Pas Instronic Engineers India Private Limited, Fuji Electric Co., Ltd., among other domestic and global players. Market share and data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Fuel Cell Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.