Market Research Report
Automotive Fuel Cell Systems
|Automotive Fuel Cell Systems|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 176 Pages
Delivery time: 1-2 business days
Global Automotive Fuel Cell Systems Market to Reach 351.8 Thousand Units by 2027
Amid the COVID-19 crisis, the global market for Automotive Fuel Cell Systems estimated at 12.5 Thousand Units in the year 2020, is projected to reach a revised size of 351.8 Thousand Units by 2027, growing at aCAGR of 61.2% over the period 2020-2027. Polymer Electronic Membrane Fuel Cell, one of the segments analyzed in the report, is projected to record 65.1% CAGR and reach 303.5 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Phosphoric Acid Fuel Cell segment is readjusted to a revised 46.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at 3.8 Thousand Units, While China is Forecast to Grow at 57.6% CAGR
The Automotive Fuel Cell Systems market in the U.S. is estimated at 3.8 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 54 Thousand Units by the year 2027 trailing a CAGR of 57.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 54.3% and 51.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 40.6% CAGR.
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