Market Overview:
The global automotive fuel cell system parts 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 system parts market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into monitoring and improving part, inputs (hydrogen and oxygen) part, outputs (electricity, water heat) part. The input (hydrogen and oxygen) part is further sub-segmented into hydrogen storage tanks and oxygen tanks. On the basis of application, it can be classified into passenger cars and commercial vehicles segments.
Product Definition:
An automotive fuel cell system typically includes a fuel cell stack, a hydrogen storage system, and various control systems. The fuel cell stack converts the chemical energy in hydrogen gas to electrical energy. The electrical energy powers the vehicle's electric drive motor. The hydrogen storage system stores high-pressure hydrogen gas for use by the fuel cell stack.
Monitoring and Improving Part:
The global Monitoring and Improving Part (MIP) is a new term in the automotive fuel cell system parts market. It includes sensors, actuators, controllers and other electronic components used to monitor or control vehicle performance. The MIP part improves the overall efficiency of fuel cell systems by reducing harmful emissions that contribute to air pollution.
Inputs (Hydrogen and Oxygen) Part:
The global inputs (hydrogen and oxygen) parts market size was valued at USD 1.5 billion in 2015 and is expected to witness a CAGR of XX% over the forecast period on account of growing demand for fuel cell systems in automotive applications across the globe.
Application Insights:
The passenger cars segment dominated the global automotive fuel cell system parts market in 2017 and is expected to maintain its lead over the forecast period. The growing demand for electric vehicles in countries such as Japan, China, Germany and France is expected to drive the demand for fuel cell-powered passenger cars. In addition, favorable government policies regarding electric vehicles are anticipated to further propel their adoption over the coming years.
Commercial vehicle segment accounted for a significant share of 29% in terms of revenue on account of wide application scope of these systems across various commercial applications including forklifts, loaders and excavators, trucks and buses among others. These systems are also used as backup power source during emergencies when conventional power sources fail due to natural disasters or electrical outages at hospitals or other vital installations that require uninterrupted supply during emergencies such as firefighting equipment among others.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing government funding and research activities in the field of fuel cell vehicles. In addition, growing demand for clean energy vehicles is anticipated to drive regional growth over the forecast period.
Asia Pacific FCEV parts market is projected to grow at a lucrative rate during the forecast years due to increasing awareness regarding advantages of these systems coupled with rising investments by key players in this industry. Furthermore, supportive government initiatives are also expected favorably impact regional growth during future years. For instance, China’s 13th Five-Year Plan (2016 - 2020) has set an objective of producing more than 5 million electric cars by 2020 and 10 million by 2030 which will further boost product penetration across Asia Pacific region as it aims at reducing pollution levels and enhancing energy security in light of slowing down economic growth rates resulting from climate change caused global warming (CCW).
Growth Factors:
- Increasing demand for fuel cell vehicles: The global market for fuel cell vehicles is expected to grow at a CAGR of more than 28% from 2016 to 2020. This is due to the increasing demand for environment-friendly and low-emission vehicles.
- Government initiatives and subsidies: Governments across the globe are providing incentives and subsidies for the development of fuel cell technology, which is aiding in the growth of the automotive fuel cell system parts market. For instance, in March 2016, Germany announced a subsidy program worth €100 million (US3 million) over four years to promote the adoption of fuel cells in passenger cars.
- Rising awareness about benefits of hydrogen-powered cars: There has been a rise in awareness about the benefits offered by hydrogen-powered cars among consumers in recent years, which is driving demand for automotive fuel cells system parts globally. Some of these benefits include low emissions, high efficiency, and quick refueling time as compared with traditional gasoline or diesel engines powered cars/vehicles .
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Fuel Cell System Parts Market Research Report
By Type
Monitoring and Improving Part, Inputs (Hydrogen and Oxygen) Part, Outputs (Electricity, Water, and Heat) Part
By Application
Passenger Cars, Commercial Vehicles
By Companies
Toyota Industries (Japan), Parker-Hannifin (USA), Magneti Marelli (Italy), NOK (Japan), Sensata Technologies (USA), Modine Manufacturing (USA), Aisan Industry (Japan), Sejong Industrial (Korea), Asahi Kasei (Japan), Fukui Byora (Japan), Toyota Industries (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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Fuel Cell System Parts Market Report Segments:
The global Automotive Fuel Cell System Parts market is segmented on the basis of:
Types
Monitoring and Improving Part, Inputs (Hydrogen and Oxygen) Part, Outputs (Electricity, Water, and Heat) Part
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:
- Toyota Industries (Japan)
- Parker-Hannifin (USA)
- Magneti Marelli (Italy)
- NOK (Japan)
- Sensata Technologies (USA)
- Modine Manufacturing (USA)
- Aisan Industry (Japan)
- Sejong Industrial (Korea)
- Asahi Kasei (Japan)
- Fukui Byora (Japan)
- Toyota Industries (Japan)
Highlights of The Automotive Fuel Cell System Parts 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:
- Monitoring and Improving Part
- Inputs (Hydrogen and Oxygen) Part
- Outputs (Electricity, Water, and Heat) Part
- 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 System Parts 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
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- Consumer Insights
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- Product & Brand Management
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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?
Automotive fuel cell system parts are the various components that make up an automotive fuel cell system. These parts include the cells, controllers, and other supporting equipment.
Some of the major players in the automotive fuel cell system parts market are Toyota Industries (Japan), Parker-Hannifin (USA), Magneti Marelli (Italy), NOK (Japan), Sensata Technologies (USA), Modine Manufacturing (USA), Aisan Industry (Japan), Sejong Industrial (Korea), Asahi Kasei (Japan), Fukui Byora (Japan), Toyota Industries (Japan).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Fuel Cell System Parts 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 System Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Fuel Cell System Parts 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 System Parts 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 System Parts Market Size & Forecast, 2018-2028
4.5.1 Automotive Fuel Cell System Parts Market Size and Y-o-Y Growth
4.5.2 Automotive Fuel Cell System Parts Market Absolute $ Opportunity
Chapter 5 Global Automotive Fuel Cell System Parts 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 System Parts Market Size Forecast by Type
5.2.1 Monitoring and Improving Part
5.2.2 Inputs (Hydrogen and Oxygen) Part
5.2.3 Outputs (Electricity
5.2.4 Water
5.2.5 and Heat) Part
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Fuel Cell System Parts 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 System Parts 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 System Parts 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 System Parts 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 System Parts Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Fuel Cell System Parts 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 System Parts Market Size Forecast by Type
9.6.1 Monitoring and Improving Part
9.6.2 Inputs (Hydrogen and Oxygen) Part
9.6.3 Outputs (Electricity
9.6.4 Water
9.6.5 and Heat) Part
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 System Parts 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 System Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Fuel Cell System Parts 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 System Parts Market Size Forecast by Type
10.6.1 Monitoring and Improving Part
10.6.2 Inputs (Hydrogen and Oxygen) Part
10.6.3 Outputs (Electricity
10.6.4 Water
10.6.5 and Heat) Part
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 System Parts 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 System Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Fuel Cell System Parts 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 System Parts Market Size Forecast by Type
11.6.1 Monitoring and Improving Part
11.6.2 Inputs (Hydrogen and Oxygen) Part
11.6.3 Outputs (Electricity
11.6.4 Water
11.6.5 and Heat) Part
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 System Parts 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 System Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Fuel Cell System Parts 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 System Parts Market Size Forecast by Type
12.6.1 Monitoring and Improving Part
12.6.2 Inputs (Hydrogen and Oxygen) Part
12.6.3 Outputs (Electricity
12.6.4 Water
12.6.5 and Heat) Part
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 System Parts 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 System Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Fuel Cell System Parts 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 System Parts Market Size Forecast by Type
13.6.1 Monitoring and Improving Part
13.6.2 Inputs (Hydrogen and Oxygen) Part
13.6.3 Outputs (Electricity
13.6.4 Water
13.6.5 and Heat) Part
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 System Parts 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 System Parts Market: Competitive Dashboard
14.2 Global Automotive Fuel Cell System Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyota Industries (Japan)
14.3.2 Parker-Hannifin (USA)
14.3.3 Magneti Marelli (Italy)
14.3.4 NOK (Japan)
14.3.5 Sensata Technologies (USA)
14.3.6 Modine Manufacturing (USA)
14.3.7 Aisan Industry (Japan)
14.3.8 Sejong Industrial (Korea)
14.3.9 Asahi Kasei (Japan)
14.3.10 Fukui Byora (Japan)
14.3.11 Toyota Industries (Japan)
