Market Overview:
The global fuel cell in automotive 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 cells in light-duty and heavy-duty vehicles. Asia Pacific is expected to be the fastest growing region during the forecast period.
Product Definition:
A fuel cell is a device that converts the chemical energy from a fuel into electricity through a chemical reaction of positively charged hydrogen ions with oxygen or another oxidizing agent. Fuel cells are different from batteries in that they require a continuous source of fuel and oxygen to run, while batteries can be recharged.
The use of hydrogen as an automotive fuel has been under development for many years, but it has not yet replaced gasoline as the primary means of powering passenger vehicles. However, there are several demonstration projects underway around the world that utilize hydrogen-powered buses and cars.
PEMFC (Proton Exchange Membrane Fuel Cells):
The Proton Exchange Membrane Fuel Cell (PEMFC) is a type of fuel cell that works on the proton exchange membrane technology. The working principle of PEMFC is based on the chemical reaction between organic molecules and oxygen which produces water as an end-product.
MCFC (Molten Carbonate Fuel Cells):
Molten carbonate fuel cells (MCFC) are a type of solid-state electrolyte liquid cell that uses carbon monoxide and molten salts as its working fluids. The MCFC operates at temperatures ranging from 400°C to 450°C, depending on the salt concentration and operating pressure. Molten carbonate fuel cells have been commercialized for power generation in niche markets such as Japan, where high temperature is an important factor in the operation of heavy machinery.
Application Insights:
The light-duty vehicles segment dominated the global fuel cell in automotive market, accounting for over 50% of the revenue share in 2017. The segment is expected to witness significant growth owing to increasing sales of passenger cars and commercial vehicles fueled by hydrogen produced from renewable sources such as wind and solar power.
Heavy-duty vehicles are projected to witness a CAGR exceeding 11% during the forecast period, supported by rising demand for trucks, buses and other forms of transportation that require large volumes of hydrogen due to their high energy efficiency. Growing emphasis on reducing greenhouse gas emissions has led major manufacturers across the globe toward developing fuel cell powered heavy-duty vehicles that produce no emissions while traveling at highway speeds.
Other applications include forklifts, locomotives.
Regional Analysis:
North America accounted for the largest market share in 2017 owing to the presence of a large number of manufacturers and OEMs. The region is expected to continue its dominance over the forecast period due to increasing R&D activities and government funding. For instance, in March 2018, U.S.
Growth Factors:
- Increasing demand for fuel cell vehicles from the automotive sector due to stringent emission norms by regulatory authorities across the globe.
- Growing demand for fuel cell vehicles from commercial and passenger segments owing to their high efficiency and low emissions as compared to traditional internal combustion engine vehicles.
- Proliferation of hydrogen refueling infrastructure across developed and developing countries will boost the adoption of fuel cell vehicles in near future.
- Technological advancements in fuel cells that are making them more efficient, compact and affordable is expected to drive their uptake in automotive market over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Cell in Automotive Market Research Report
By Type
PEMFC (Proton Exchange Membrane Fuel Cells), MCFC (Molten Carbonate Fuel Cells), SOFC (Solid Oxide Fuel Cells), PAFC (Phosphoric Acid Fuel Cells), Others
By Application
Light-Duty Vehicles, Heavy-Duty Vehicles
By Companies
Ballard Power Systems, ACAL, Nuvera Fuel Cells, Plug Power, Hydrogenics, Delphi Automotive Systems, EnergyOR Technologies, H2 Logic, Symbio FCell, Proton Motors, Ballard Power Systems, Nuvera Fuel Cell, Intelligent Energy, Infintium Fuel Cell Systems
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Cell in Automotive Market Report Segments:
The global Fuel Cell in Automotive market is segmented on the basis of:
Types
PEMFC (Proton Exchange Membrane Fuel Cells), MCFC (Molten Carbonate Fuel Cells), SOFC (Solid Oxide Fuel Cells), PAFC (Phosphoric Acid Fuel Cells), 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
Light-Duty Vehicles, Heavy-Duty 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:
- Ballard Power Systems
- ACAL
- Nuvera Fuel Cells
- Plug Power
- Hydrogenics
- Delphi Automotive Systems
- EnergyOR Technologies
- H2 Logic
- Symbio FCell
- Proton Motors
- Ballard Power Systems
- Nuvera Fuel Cell
- Intelligent Energy
- Infintium Fuel Cell Systems
Highlights of The Fuel Cell in Automotive 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:
- PEMFC (Proton Exchange Membrane Fuel Cells)
- MCFC (Molten Carbonate Fuel Cells)
- SOFC (Solid Oxide Fuel Cells)
- PAFC (Phosphoric Acid Fuel Cells)
- Others
- By Application:
- Light-Duty Vehicles
- Heavy-Duty 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 Fuel Cell in Automotive 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
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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?
A fuel cell is a device that converts chemical energy from a fuel into electricity and water. In automotive applications, fuel cells are used to power electric vehicles or hybrid systems.
Some of the major players in the fuel cell in automotive market are Ballard Power Systems, ACAL, Nuvera Fuel Cells, Plug Power, Hydrogenics, Delphi Automotive Systems, EnergyOR Technologies, H2 Logic, Symbio FCell, Proton Motors, Ballard Power Systems, Nuvera Fuel Cell, Intelligent Energy, Infintium Fuel Cell Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuel Cell in Automotive 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 in Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuel Cell in Automotive 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 in Automotive 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 in Automotive Market Size & Forecast, 2020-2028
4.5.1 Fuel Cell in Automotive Market Size and Y-o-Y Growth
4.5.2 Fuel Cell in Automotive Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 PEMFC (Proton Exchange Membrane Fuel Cells)
5.2.2 MCFC (Molten Carbonate Fuel Cells)
5.2.3 SOFC (Solid Oxide Fuel Cells)
5.2.4 PAFC (Phosphoric Acid Fuel Cells)
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Light-Duty Vehicles
6.2.2 Heavy-Duty Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuel Cell in Automotive 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 in Automotive 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 PEMFC (Proton Exchange Membrane Fuel Cells)
9.6.2 MCFC (Molten Carbonate Fuel Cells)
9.6.3 SOFC (Solid Oxide Fuel Cells)
9.6.4 PAFC (Phosphoric Acid Fuel Cells)
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 Market Size Forecast by Applications
9.10.1 Light-Duty Vehicles
9.10.2 Heavy-Duty 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 PEMFC (Proton Exchange Membrane Fuel Cells)
10.6.2 MCFC (Molten Carbonate Fuel Cells)
10.6.3 SOFC (Solid Oxide Fuel Cells)
10.6.4 PAFC (Phosphoric Acid Fuel Cells)
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 Market Size Forecast by Applications
10.10.1 Light-Duty Vehicles
10.10.2 Heavy-Duty 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 PEMFC (Proton Exchange Membrane Fuel Cells)
11.6.2 MCFC (Molten Carbonate Fuel Cells)
11.6.3 SOFC (Solid Oxide Fuel Cells)
11.6.4 PAFC (Phosphoric Acid Fuel Cells)
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 Market Size Forecast by Applications
11.10.1 Light-Duty Vehicles
11.10.2 Heavy-Duty 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 PEMFC (Proton Exchange Membrane Fuel Cells)
12.6.2 MCFC (Molten Carbonate Fuel Cells)
12.6.3 SOFC (Solid Oxide Fuel Cells)
12.6.4 PAFC (Phosphoric Acid Fuel Cells)
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 Market Size Forecast by Applications
12.10.1 Light-Duty Vehicles
12.10.2 Heavy-Duty 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 PEMFC (Proton Exchange Membrane Fuel Cells)
13.6.2 MCFC (Molten Carbonate Fuel Cells)
13.6.3 SOFC (Solid Oxide Fuel Cells)
13.6.4 PAFC (Phosphoric Acid Fuel Cells)
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) Market Size Forecast by Applications
13.10.1 Light-Duty Vehicles
13.10.2 Heavy-Duty 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 Fuel Cell in Automotive Market: Competitive Dashboard
14.2 Global Fuel Cell in Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ballard Power Systems
14.3.2 ACAL
14.3.3 Nuvera Fuel Cells
14.3.4 Plug Power
14.3.5 Hydrogenics
14.3.6 Delphi Automotive Systems
14.3.7 EnergyOR Technologies
14.3.8 H2 Logic
14.3.9 Symbio FCell
14.3.10 Proton Motors
14.3.11 Ballard Power Systems
14.3.12 Nuvera Fuel Cell
14.3.13 Intelligent Energy
14.3.14 Infintium Fuel Cell Systems
