Market Overview:
The global fuel cell air compressor 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 fuel cell air compressors in passenger vehicles and commercial vehicles. Additionally, the growing demand for fuel cells in various applications is also contributing to the growth of this market. The global fuel cell air compressor market can be segmented on the basis of type, application and region.
Product Definition:
A fuel cell air compressor is a device that uses fuel cells to compress air. This type of compressor is important because it can help to improve the efficiency of other devices, such as gas turbines.
Centrifugal Fuel Cell Air Compressor:
Centrifugal fuel cell air compressor is used in gas turbine engines to increase the pressure of air entering the engine. The product has a significant growth factor in the global fuel cell air compressor market owing to its ability to deliver high-pressure oxygen and hydrogen required by fuel cells.
The product’s ability to compress gas at very high speed makes it an ideal component for use in applications that require compressed air with very low flow rates, such as medical breathing appliances.
Roots Fuel Cell Air Compressor:
Roots fuel cell air compressor is used in fuel cell air compressor market. Fuel cells are devices that convert chemical energy derived from fuels into electrical energy. They are also known as batteries of the future, since they have a much longer shelf life than conventional batteries and can be recycled. A fuel cell consists of an electrolyte solution (fuel) and two electrodes; one of them being metallic and the other being porous or non-metallic.
Application Insights:
The passenger vehicle segment dominated the global fuel cell air compressor market in terms of revenue share in 2017. The growth can be attributed to increasing sales of passenger vehicles, especially in developed regions such as North America and Europe. Furthermore, stringent government regulations regarding reduction of vehicular emissions are expected to drive the demand for fuel cell-powered compressors over the forecast period.
Commercial vehicles are projected to witness significant growth over the forecast period owing to rising adoption of electric powertrain technologies across commercial transport buses and heavy-duty trucks operating on diesel or gasoline engines.
Regional Analysis:
North America accounted for the largest market share in 2017 owing to the presence of a large number of fuel cell air compressor manufacturers and OEMs. The region is expected to maintain its dominance over the forecast period, with an increase in demand from residential and commercial applications. Increasing government funding towards research & development activities pertaining to compressed air energy storage systems is also likely to drive regional growth.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period, owing both vertical markets such as aerospace & defense, industrial and power generation sectors along with increasing adoption by end-use industries such as construction and transportation. Favorable government initiatives regarding deployment of FCAS are further expected boost regional product demand over next eight years.
Growth Factors:
- Increasing demand for fuel cell air compressors from the automotive industry on account of stringent emission norms
- Growing demand for fuel cell air compressors in the power generation sector to meet the rising energy needs
- Rising popularity of fuel cells as a source of clean and renewable energy
- Technological advancements in fuel cell air compressor technology that are making them more efficient and reliable
- Government initiatives and subsidies aimed at promoting the adoption of fuel cells
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Cell Air Compressor Market Research Report
By Type
Centrifugal Fuel Cell Air Compressor, Roots Fuel Cell Air Compressor, Screw Fuel Cell Air Compressor, Scroll Fuel Cell Air Compressor, Others
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor, Liebherr, Toyota Industries Corporation, Guangdong Guangshun New Energy Power Technology, Rotrex A/S, Fujian Snowman, Xeca Turbo Technology, Garrett Motion, ZCJSD
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Cell Air Compressor Market Report Segments:
The global Fuel Cell Air Compressor market is segmented on the basis of:
Types
Centrifugal Fuel Cell Air Compressor, Roots Fuel Cell Air Compressor, Screw Fuel Cell Air Compressor, Scroll Fuel Cell Air Compressor, 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 Vehicle, Commercial Vehicle
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:
- Garrett Motion
- Hanon Systems
- UQM Technologies
- FISCHER Fuel Cell Compressor
- Liebherr
- Toyota Industries Corporation
- Guangdong Guangshun New Energy Power Technology
- Rotrex A/S
- Fujian Snowman
- Xeca Turbo Technology
- Garrett Motion
- ZCJSD
Highlights of The Fuel Cell Air Compressor 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:
- Centrifugal Fuel Cell Air Compressor
- Roots Fuel Cell Air Compressor
- Screw Fuel Cell Air Compressor
- Scroll Fuel Cell Air Compressor
- Others
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Fuel Cell Air Compressor 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?
A fuel cell air compressor is a machine that uses compressed air to power various industrial applications.
Some of the major companies in the fuel cell air compressor market are Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor, Liebherr, Toyota Industries Corporation, Guangdong Guangshun New Energy Power Technology, Rotrex A/S, Fujian Snowman, Xeca Turbo Technology, Garrett Motion, ZCJSD.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuel Cell Air Compressor 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 Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size & Forecast, 2018-2028
4.5.1 Fuel Cell Air Compressor Market Size and Y-o-Y Growth
4.5.2 Fuel Cell Air Compressor Market Absolute $ Opportunity
Chapter 5 Global Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size Forecast by Type
5.2.1 Centrifugal Fuel Cell Air Compressor
5.2.2 Roots Fuel Cell Air Compressor
5.2.3 Screw Fuel Cell Air Compressor
5.2.4 Scroll Fuel Cell Air Compressor
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuel Cell Air Compressor 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 Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Analysis and Forecast
9.1 Introduction
9.2 North America Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size Forecast by Type
9.6.1 Centrifugal Fuel Cell Air Compressor
9.6.2 Roots Fuel Cell Air Compressor
9.6.3 Screw Fuel Cell Air Compressor
9.6.4 Scroll Fuel Cell Air Compressor
9.6.5 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 Fuel Cell Air Compressor Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Fuel Cell Air Compressor Analysis and Forecast
10.1 Introduction
10.2 Europe Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size Forecast by Type
10.6.1 Centrifugal Fuel Cell Air Compressor
10.6.2 Roots Fuel Cell Air Compressor
10.6.3 Screw Fuel Cell Air Compressor
10.6.4 Scroll Fuel Cell Air Compressor
10.6.5 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 Fuel Cell Air Compressor Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Fuel Cell Air Compressor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size Forecast by Type
11.6.1 Centrifugal Fuel Cell Air Compressor
11.6.2 Roots Fuel Cell Air Compressor
11.6.3 Screw Fuel Cell Air Compressor
11.6.4 Scroll Fuel Cell Air Compressor
11.6.5 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 Fuel Cell Air Compressor Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Fuel Cell Air Compressor Analysis and Forecast
12.1 Introduction
12.2 Latin America Fuel Cell Air Compressor 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 Fuel Cell Air Compressor Market Size Forecast by Type
12.6.1 Centrifugal Fuel Cell Air Compressor
12.6.2 Roots Fuel Cell Air Compressor
12.6.3 Screw Fuel Cell Air Compressor
12.6.4 Scroll Fuel Cell Air Compressor
12.6.5 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 Fuel Cell Air Compressor Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Fuel Cell Air Compressor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fuel Cell Air Compressor 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) Fuel Cell Air Compressor Market Size Forecast by Type
13.6.1 Centrifugal Fuel Cell Air Compressor
13.6.2 Roots Fuel Cell Air Compressor
13.6.3 Screw Fuel Cell Air Compressor
13.6.4 Scroll Fuel Cell Air Compressor
13.6.5 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) Fuel Cell Air Compressor Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Fuel Cell Air Compressor Market: Competitive Dashboard
14.2 Global Fuel Cell Air Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garrett Motion
14.3.2 Hanon Systems
14.3.3 UQM Technologies
14.3.4 FISCHER Fuel Cell Compressor
14.3.5 Liebherr
14.3.6 Toyota Industries Corporation
14.3.7 Guangdong Guangshun New Energy Power Technology
14.3.8 Rotrex A/S
14.3.9 Fujian Snowman
14.3.10 Xeca Turbo Technology
14.3.11 Garrett Motion
14.3.12 ZCJSD
