Market Overview:
The global fuel cell powertrain 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 vehicles across the globe. In terms of type, the global fuel cell powertrain market is segmented into rear-wheel drive (RWD), front-wheel drive (FWD), and all-wheel drive (AWD). Among these, RWD is expected to hold a dominant share in the global fuel cell powertrain market during the forecast period. This can be attributed to its high efficiency and low cost as compared to other types of drives. In terms of application, passenger cars are expected to hold a major share in the global fuel cell powertrain market during the forecast period.
Product Definition:
A fuel cell powertrain is a type of electric vehicle propulsion system that uses a fuel cell to create electrical energy. This electrical energy can then be used to power an electric motor, which in turn powers the car. Fuel cells are becoming an increasingly popular choice for powering electric vehicles because they are more efficient than traditional internal combustion engines and produce few emissions.
Rear-Wheel Drive (RWD):
Rear-wheel drive (RWD) is a type of vehicle propulsion where the driving force is provided by the rear wheels. The engine or motor is mounted in either the back of the car, truck, or motorcycle. In most cases RWD vehicles have a lower center of gravity which gives them an advantage when it comes to stability and handling during braking and cornering.
Front-Wheel Drive (FWD):
The front wheel drive (FWD) is one of the most important automotive technologies that has been around for decades. It's a basic concept in which the power of the engine is applied to the wheels through differential gearing. The FWD system can be implemented in both automatic and manual forms, but its primary application is found in passenger vehicles where it offers improved handling characteristics at high speeds as compared to rear wheel drive (RWD).
Application Insights:
Passenger cars accounted for the largest share of fuel cell powertrain applications in 2017 and are projected to expand at a CAGR of XX% over the forecast period. The growing need to reduce greenhouse gas emissions has propelled the development of low-emissions technologies such as hydrogen fuel cell vehicles (HFCVs). This is expected to drive demand for FCHT from 2018 to 2030.
The light commercial vehicle segment is estimated to witness considerable growth over the forecast period owing to rising adoption in countries, such as Japan, South Korea, China and Germany where stringent government regulations regarding HFCVs are being adhered by manufacturers. Furthermore, increasing R&D investments by major players including Toyota Motor Corporation and Honda Motor Co., Ltd., towards developing cost-effective FCHT solutions will further boost market growth over the coming years.
Increasing demand for clean combustion technology in heavy-duty trucks coupled with growing deployment across various industries including mining.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable government initiatives and increasing investments by companies. For instance, in 2015, Hyundai Motor Company announced its plans of investing USD X million for research and development on fuel cell vehicles over a period of ten years. The company also launched hydrogen Fuel Cell Vehicle (FCV) called Honda Clarity FC Stack+. Europe is expected to be the second-largest regional market due to stringent emission norms coupled with rising demand for environment-friendly vehicles. Asia Pacific is projected to grow at a lucrative rate over the forecast period as key automobile manufacturers are shifting their production bases from developed regions such as North America and Europe towards emerging economies such as China and India owing to low labor costs along with easy availability of raw materials & components. This will lead an increase in overall production levels across these regions which will further boost sales volumes of fuel cell vehicle powertrain systems over the next eight years.
Growth Factors:
- Increasing demand for fuel cell vehicles from the automotive sector
- Government initiatives and subsidies for fuel cell vehicles in developed countries
- Growing demand for fuel cells from the stationary power generation sector
- Technological advancements in fuel cell technology 5. Reduction in prices of key components used in fuel cells
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Cell Powertrain Market Research Report
By Type
Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), All-Wheel Drive (AWD)
By Application
Passenger Cars, Light Commercial Vehicle (LCV), Buses, Trucks
By Companies
Audi, AVL List GmbH (AVL), Ballard Power Systems, Cummins Inc., Daimler, Delphi Technologies, Denso Corporation, FEV, Fuel Cell System Manufacturing LLC, Hyundai Kefico Corporation, Nedstack, Riversimple, Robert Bosch Gmbh, Sunrise Power Co. Ltd., Swiss Hydrogen Power
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Cell Powertrain Market Report Segments:
The global Fuel Cell Powertrain market is segmented on the basis of:
Types
Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), All-Wheel Drive (AWD)
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, Light Commercial Vehicle (LCV), Buses, Trucks
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:
- Audi
- AVL List GmbH (AVL)
- Ballard Power Systems
- Cummins Inc.
- Daimler
- Delphi Technologies
- Denso Corporation
- FEV
- Fuel Cell System Manufacturing LLC
- Hyundai Kefico Corporation
- Nedstack
- Riversimple
- Robert Bosch Gmbh
- Sunrise Power Co. Ltd.
- Swiss Hydrogen Power
Highlights of The Fuel Cell Powertrain 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:
- Rear-Wheel Drive (RWD)
- Front-Wheel Drive (FWD)
- All-Wheel Drive (AWD)
- By Application:
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Buses
- Trucks
- 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 Powertrain 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 powertrain is a type of engine that uses hydrogen and oxygen to create electricity. This electricity can then be used to power vehicles or other devices.
Some of the major companies in the fuel cell powertrain market are Audi, AVL List GmbH (AVL), Ballard Power Systems, Cummins Inc., Daimler, Delphi Technologies, Denso Corporation, FEV, Fuel Cell System Manufacturing LLC, Hyundai Kefico Corporation, Nedstack, Riversimple, Robert Bosch Gmbh, Sunrise Power Co. Ltd., Swiss Hydrogen Power.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuel Cell Powertrain 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 Powertrain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuel Cell Powertrain 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 Powertrain 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 Powertrain Market Size & Forecast, 2018-2028
4.5.1 Fuel Cell Powertrain Market Size and Y-o-Y Growth
4.5.2 Fuel Cell Powertrain Market Absolute $ Opportunity
Chapter 5 Global Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Type
5.2.1 Rear-Wheel Drive (RWD)
5.2.2 Front-Wheel Drive (FWD)
5.2.3 All-Wheel Drive (AWD)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicle (LCV)
6.2.3 Buses
6.2.4 Trucks
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuel Cell Powertrain 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 Powertrain 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 Powertrain Analysis and Forecast
9.1 Introduction
9.2 North America Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Type
9.6.1 Rear-Wheel Drive (RWD)
9.6.2 Front-Wheel Drive (FWD)
9.6.3 All-Wheel Drive (AWD)
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 Powertrain Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Light Commercial Vehicle (LCV)
9.10.3 Buses
9.10.4 Trucks
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 Powertrain Analysis and Forecast
10.1 Introduction
10.2 Europe Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Type
10.6.1 Rear-Wheel Drive (RWD)
10.6.2 Front-Wheel Drive (FWD)
10.6.3 All-Wheel Drive (AWD)
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 Powertrain Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Light Commercial Vehicle (LCV)
10.10.3 Buses
10.10.4 Trucks
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 Powertrain Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Type
11.6.1 Rear-Wheel Drive (RWD)
11.6.2 Front-Wheel Drive (FWD)
11.6.3 All-Wheel Drive (AWD)
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 Powertrain Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Light Commercial Vehicle (LCV)
11.10.3 Buses
11.10.4 Trucks
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 Powertrain Analysis and Forecast
12.1 Introduction
12.2 Latin America Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Type
12.6.1 Rear-Wheel Drive (RWD)
12.6.2 Front-Wheel Drive (FWD)
12.6.3 All-Wheel Drive (AWD)
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 Powertrain Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Light Commercial Vehicle (LCV)
12.10.3 Buses
12.10.4 Trucks
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 Powertrain Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fuel Cell Powertrain 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 Powertrain Market Size Forecast by Type
13.6.1 Rear-Wheel Drive (RWD)
13.6.2 Front-Wheel Drive (FWD)
13.6.3 All-Wheel Drive (AWD)
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 Powertrain Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Light Commercial Vehicle (LCV)
13.10.3 Buses
13.10.4 Trucks
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 Powertrain Market: Competitive Dashboard
14.2 Global Fuel Cell Powertrain Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Audi
14.3.2 AVL List GmbH (AVL)
14.3.3 Ballard Power Systems
14.3.4 Cummins Inc.
14.3.5 Daimler
14.3.6 Delphi Technologies
14.3.7 Denso Corporation
14.3.8 FEV
14.3.9 Fuel Cell System Manufacturing LLC
14.3.10 Hyundai Kefico Corporation
14.3.11 Nedstack
14.3.12 Riversimple
14.3.13 Robert Bosch Gmbh
14.3.14 Sunrise Power Co. Ltd.
14.3.15 Swiss Hydrogen Power
