Market Overview:
The global PEMFC and fuel cell electric vehicle 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 electric vehicles across the globe, owing to their high efficiency and low emissions. In addition, government initiatives and subsidies for the adoption of fuel cell electric vehicles are also contributing to the growth of this market. The transportation segment is expected to hold a major share of the global PEMFC and fuel cell electric vehicle market during the forecast period. This can be attributed to rising concerns over environmental pollution and climate change, which has led governments across the globe towards promoting clean energy technologies such as fuel cells.
Product Definition:
PEMFC: A fuel cell that uses a proton exchange membrane as its electrolyte to conduct protons.
Fuel Cell Electric Vehicle: A vehicle that is powered by a fuel cell, which converts the chemical energy from a fuel into electricity through an electrochemical reaction.
Transportation:
Transportation is the movement of people and goods from one place to another. The global transportation industry has been witnessing significant changes over the past few years in terms of technology, infrastructure, fuels and vehicles used for moving people or freight from one place to another. With increasing population coupled with rising per capita income globally has led to a rise in demand for personal mobility devices such as cars, two wheelers etc.
Other:
Other is a chemical substance that can be used as an electrolyte or fuel. It has the ability to dissolve ionic compounds and act as a conductor of electricity. The most common other materials are sulfuric acid, nitric acid, and phosphoric acid.
Application Insights:
Automotive application dominated the global market with a share of over 80% in 2017. The automotive segment is expected to witness significant growth over the forecast period owing to rising sales of electric vehicles across major markets including China, U.S., and Germany. Increasing demand for fuel cell vehicles in zero-emissions vehicle (ZEVE) applications is also projected to drive the segment during the forecast period.
The PEMFC and fuel cell electric vehicle market has witnessed growing adoption across other applications such as forklifts, marine vessels, heavy equipment, buses & trucks among others which are anticipated to propel growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in developing countries such as China, India, South Korea, and Japan. For instance, in July 2017, The Government of India announced “Electrification of Transport System†initiative aimed at replacing conventional fuel vehicles with electric vehicles or PEMFC EVs over the coming years. This initiative will provide a boost to PEMFC EV sales in India.
Europe was estimated as the second-largest regional market for global PEMFC and fuel cell electric vehicle industry after Asia Pacific in 2016 owing to large automotive manufacturers such as Volkswagen Group (Germany), BMW Group (Germany), Daimler AG (Germany) etc., who are making huge investments for research & development activities related to new energy technologies including PEV (Permanent Electrification Vehicle).
Growth Factors:
- Increasing demand for fuel cell electric vehicles from the commercial and passenger segments
- Government initiatives and subsidies for fuel cell electric vehicles deployment
- Growing demand for clean energy sources to reduce greenhouse gas emissions
- Technological advancements in PEMFCs that improve performance, durability and cost-effectiveness
- Rising awareness about the benefits of fuel cell electric vehicles among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
PEMFC and Fuel Cell Electric Vehicle Market Research Report
By Type
Transportation, Other
By Application
Automotive, Other
By Companies
Ballard, Shenli Hi-Tech, Sunrise Power, Pearl Hydrogen, Wuhan WUT, Foton, FeiChi Bus, SAIC, Dongfeng, Yutong
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global PEMFC and Fuel Cell Electric Vehicle Market Report Segments:
The global PEMFC and Fuel Cell Electric Vehicle market is segmented on the basis of:
Types
Transportation, Other
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
Automotive, Other
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
- Shenli Hi-Tech
- Sunrise Power
- Pearl Hydrogen
- Wuhan WUT
- Foton
- FeiChi Bus
- SAIC
- Dongfeng
- Yutong
Highlights of The PEMFC and Fuel Cell Electric Vehicle 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:
- Transportation
- Other
- By Application:
- Automotive
- Other
- 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 PEMFC and Fuel Cell Electric Vehicle 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?
PEMFC stands for "proton-electron-molecule combustion" and is a type of fuel cell electric vehicle. Fuel cells use an electrochemical reaction between hydrogen and oxygen to create electricity, which can then be used to power vehicles or other devices.
Some of the major companies in the pemfc and fuel cell electric vehicle market are Ballard, Shenli Hi-Tech, Sunrise Power, Pearl Hydrogen, Wuhan WUT, Foton, FeiChi Bus, SAIC, Dongfeng, Yutong.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PEMFC and Fuel Cell Electric Vehicle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PEMFC and Fuel Cell Electric Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PEMFC and Fuel Cell Electric Vehicle Market - Supply Chain
4.5. Global PEMFC and Fuel Cell Electric Vehicle Market Forecast
4.5.1. PEMFC and Fuel Cell Electric Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PEMFC and Fuel Cell Electric Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. PEMFC and Fuel Cell Electric Vehicle Market Absolute $ Opportunity
5. Global PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Type
5.3.1. Transportation
5.3.2. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PEMFC and Fuel Cell Electric Vehicle Demand Share Forecast, 2019-2029
9. North America PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Type
9.7.1. Transportation
9.7.2. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PEMFC and Fuel Cell Electric Vehicle Demand Share Forecast, 2019-2029
10. Latin America PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Type
10.7.1. Transportation
10.7.2. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PEMFC and Fuel Cell Electric Vehicle Demand Share Forecast, 2019-2029
11. Europe PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Type
11.7.1. Transportation
11.7.2. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PEMFC and Fuel Cell Electric Vehicle Demand Share, 2019-2029
12. Asia Pacific PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Type
12.7.1. Transportation
12.7.2. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PEMFC and Fuel Cell Electric Vehicle Demand Share, 2019-2029
13. Middle East & Africa PEMFC and Fuel Cell Electric Vehicle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PEMFC and Fuel Cell Electric Vehicle Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PEMFC and Fuel Cell Electric Vehicle Market Size and Volume Forecast by Type
13.7.1. Transportation
13.7.2. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PEMFC and Fuel Cell Electric Vehicle Demand Share, 2019-2029
14. Competition Landscape
14.1. Global PEMFC and Fuel Cell Electric Vehicle Market: Market Share Analysis
14.2. PEMFC and Fuel Cell Electric Vehicle Distributors and Customers
14.3. PEMFC and Fuel Cell Electric Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ballard
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shenli Hi-Tech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sunrise Power
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pearl Hydrogen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wuhan WUT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Foton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FeiChi Bus
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SAIC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dongfeng
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yutong
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
