Market Overview:
The global automotive fuel cell electrode market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles that are powered by fuel cells. Additionally, the rising awareness about environment-friendly technologies is also propelling the growth of this market. The global automotive fuel cell electrode market can be segmented on the basis of type into noble metal type, graphite type, and others. The noble metal type segment is expected to hold a major share in this market owing to its high efficiency and durability as compared to other types of electrodes. On the basis of application, the automotive fuel cell electrode market can be divided into passenger cars and commercial vehicles. The passenger cars segment is anticipated to account for a larger share in this market due to rising demand for eco-friendly technologies across different regions worldwide.
Product Definition:
An automotive fuel cell electrode is a component of a fuel cell that uses electrochemical reactions to convert hydrogen and oxygen into water, producing electricity. The automotive fuel cell electrode is important because it is responsible for converting the hydrogen and oxygen into water, which produces the electricity.
Noble Metal Type:
Noble metals include platinum, palladium, ruthenium, rhodium, gold and silver. These metals are used in fuel cell electrodes owing to their superior properties such as high electrocatalytic activity & corrosion resistance along with low permeability to gases & liquids. The growing demand for alternative fuel vehicles is expected to be a key factor driving the market over the forecast period.
Graphite Type:
The global graphite type and it's usage in automotive fuel cell electrode market size was valued at USD 3.5 million in 2015. Increasing R&D activities for the development of new materials is expected to drive industry growth over the forecast period. The superior thermal & electrical conductivity, corrosion resistance, high surface area & pore volume of this product are anticipated to augment its demand over the next seven years.
Application Insights:
The passenger cars segment dominated the global automotive fuel cell electrode market in 2017 and is expected to maintain its lead over the forecast period. The growing demand for electric vehicles in developed economies of North America and Europe is expected to drive growth over the forecast period.
Commercial vehicles are anticipated to witness significant growth over the forecast period owing to their increased utilization as a substitute for diesel-powered trucks and buses in countries such as Japan, South Korea, China, Australia and New Zealand. Growing government initiatives regarding reduction of vehicular emissions are also likely to propel product demand from 2018 onward.
Fuel cell electric vehicle technology has been gaining traction among OEMs across all major markets including North America, Europe, Asia Pacific and Latin America due largelyto several advantages offered by these automobiles including zero tailpipe emissions coupled with superior range capability which makes them ideal for long-distance travel.
Regional Analysis:
North America accounted for the largest market share in 2017 owing to the presence of key automobile manufacturers such as Ford, General Motors and Tesla. The region is expected to maintain its dominance over the forecast period due to increasing investments in fuel cell infrastructure development and technological advancements.
Europe accounted for a significant market share in 2017 owing to an increase in FCEV production coupled with growing demand from countries such as Germany, France and U.K. Asia Pacific is projected to be one of the fastest-growing regions over the forecast period on account of rising government initiatives towards adoption of advanced technologies such as FCvels across various application segments including passenger cars and commercial vehicles.
Growth Factors:
- Increasing demand for fuel cell vehicles from the automotive sector is expected to drive the growth of the global automotive fuel cell electrode market during the forecast period.
- The increasing focus on reducing greenhouse gas emissions and improving fuel efficiency is also anticipated to propel the demand for automotive fuel cells, which in turn is expected to boost growth of the global automotive fuel cell electrode market over the forecast period.
- Stringent government regulations pertaining to emissions are also projected to create opportunities for growth of this market in forthcoming years. For instance, California has set a mandate that requires all automakers selling cars in California must sell a certain number of zero-emission vehicles (ZEVs) starting from 2018 onwards. This will further increase adoption rate of FCVs and subsequently drive growth prospects for this market during forecast period 2017-2025F . 4) Rising investments by key players towards development & commercialization of advanced FC electrodes is another major factor that would spurgrowthofglobalautomotivefuelcellelectrodemarketduringtheforecastperiod2017-2025F 5) Growing popularityofhydrogen as an alternativefuel sourceisalsopredictedtobecomeamajordriverforthegrowthoftheglobalautomotivefuelcellelectrodemarketoverthenextfewyears
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Fuel Cell Electrode Market Research Report
By Type
Noble Metal Type, Graphite Type, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Hitachi Automotive Systems (Japan), Sumitomo Metal Mining (Japan), Taiyo Wire Cloth (Japan), Toray Industries (Japan), TPR (Japan), Hitachi Automotive Systems (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Fuel Cell Electrode Market Report Segments:
The global Automotive Fuel Cell Electrode market is segmented on the basis of:
Types
Noble Metal Type, Graphite Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hitachi Automotive Systems (Japan)
- Sumitomo Metal Mining (Japan)
- Taiyo Wire Cloth (Japan)
- Toray Industries (Japan)
- TPR (Japan)
- Hitachi Automotive Systems (Japan)
Highlights of The Automotive Fuel Cell Electrode Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Noble Metal Type
- Graphite Type
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Fuel Cell Electrode Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive fuel cell electrode is a component of an electric vehicle that converts the chemical energy in gasoline or diesel into electrical energy.
Some of the key players operating in the automotive fuel cell electrode market are Hitachi Automotive Systems (Japan), Sumitomo Metal Mining (Japan), Taiyo Wire Cloth (Japan), Toray Industries (Japan), TPR (Japan), Hitachi Automotive Systems (Japan).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Fuel Cell Electrode Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Fuel Cell Electrode Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Fuel Cell Electrode Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Fuel Cell Electrode Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Fuel Cell Electrode Market Size & Forecast, 2018-2028
4.5.1 Automotive Fuel Cell Electrode Market Size and Y-o-Y Growth
4.5.2 Automotive Fuel Cell Electrode Market Absolute $ Opportunity
Chapter 5 Global Automotive Fuel Cell Electrode Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Fuel Cell Electrode Market Size Forecast by Type
5.2.1 Noble Metal Type
5.2.2 Graphite Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Fuel Cell Electrode Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Fuel Cell Electrode Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Fuel Cell Electrode Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Fuel Cell Electrode Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Fuel Cell Electrode Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Fuel Cell Electrode Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Fuel Cell Electrode Market Size Forecast by Type
9.6.1 Noble Metal Type
9.6.2 Graphite Type
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Fuel Cell Electrode Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Fuel Cell Electrode Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Fuel Cell Electrode Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Fuel Cell Electrode Market Size Forecast by Type
10.6.1 Noble Metal Type
10.6.2 Graphite Type
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Fuel Cell Electrode Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Fuel Cell Electrode Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Fuel Cell Electrode Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Fuel Cell Electrode Market Size Forecast by Type
11.6.1 Noble Metal Type
11.6.2 Graphite Type
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Fuel Cell Electrode Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Fuel Cell Electrode Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Fuel Cell Electrode Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Fuel Cell Electrode Market Size Forecast by Type
12.6.1 Noble Metal Type
12.6.2 Graphite Type
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Fuel Cell Electrode Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Fuel Cell Electrode Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Fuel Cell Electrode Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Fuel Cell Electrode Market Size Forecast by Type
13.6.1 Noble Metal Type
13.6.2 Graphite Type
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Fuel Cell Electrode Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Fuel Cell Electrode Market: Competitive Dashboard
14.2 Global Automotive Fuel Cell Electrode Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Automotive Systems (Japan)
14.3.2 Sumitomo Metal Mining (Japan)
14.3.3 Taiyo Wire Cloth (Japan)
14.3.4 Toray Industries (Japan)
14.3.5 TPR (Japan)
14.3.6 Hitachi Automotive Systems (Japan)
