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Market Research Report

Global Fuel Cells Market for Automotive Industry 2020-2024

Published by TechNavio (Infiniti Research Ltd.) Product code 973439
Published Content info 120 Pages
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Global Fuel Cells Market for Automotive Industry 2020-2024
Published: November 12, 2020 Content info: 120 Pages
Description

Technavio has been monitoring the fuel cells market for automotive industry and it is poised to grow by 1695.29 MW during 2020-2024 progressing at a CAGR of 25% during the forecast period. Our reports on fuel cells market for automotive industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased demand for efficient and cleaner fuel, government incentives for fuel cell vehicles, and advantages of hydrogen fuel cell vehicles. In addition, Increased demand for efficient and cleaner fuel is anticipated to boost the growth of the market as well.

The fuel cells market for automotive industry market analysis includes application segment and geographical landscapes

Technavio's fuel cells market for automotive industry is segmented as below:

By Application

  • Light-duty vehicles
  • Heavy-duty vehicles
  • Others

By Geographical Landscapes

  • APAC
  • Americas
  • EMEA

This study identifies the reduction in the cost of fuel cell system as one of the prime reasons driving the fuel cells market for automotive industry growth during the next few years. Also, increase in R&D investment and activities and diverse applications will lead to sizable demand in the market.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our fuel cells market for automotive industry covers the following areas:

  • Fuel cells market for automotive industry sizing
  • Fuel cells market for automotive industry forecast
  • Fuel cells market for automotive industry industry analysis"

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fuel cells market for automotive industry vendors that include Ballard Power Systems Inc., Cummins Inc., ElringKlinger AG, Horizon Fuel Cell Technologies Pte. Ltd., Intelligent Energy Ltd., Nedstack Fuel Cell Technology BV, Nuvera Fuel Cells LLC, Oorja Corp., Plug Power Inc., and PowerCell Sweden AB. Also, the fuel cells market for automotive industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Table of Contents
Product Code: IRTNTR45634

Table of Contents

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Light-duty vehicles - Market size and forecast 2019-2024
  • Heavy-duty vehicles - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Americas - Market size and forecast 2019-2024
  • EMEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor Landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ballard Power Systems Inc.
  • Cummins Inc.
  • ElringKlinger AG
  • Horizon Fuel Cell Technologies Pte. Ltd.
  • Intelligent Energy Ltd.
  • Nedstack Fuel Cell Technology BV
  • Nuvera Fuel Cells LLC
  • Oorja Corp.
  • Plug Power Inc.
  • PowerCell Sweden AB

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Exhibit

  • 1: Key Finding 1
  • 2: Key Finding 2
  • 3: Key Finding 3
  • 4: Key Finding 5
  • 5: Key Finding 6
  • 6: Key Finding 7
  • 7: Key Finding 8
  • 8: Parent market
  • 9: Market characteristics
  • 10: Offerings of vendors included in the market definition
  • 11: Market segments
  • 12: Global - Market size and forecast 2019 - 2024 (MW)
  • 13: Global market: Year-over-year growth 2019 - 2024 (%)
  • 14: Five forces analysis 2019 & 2024
  • 15: Bargaining power of buyers
  • 16: Bargaining power of suppliers
  • 17: Threat of new entrants
  • 18: Threat of substitutes
  • 19: Threat of rivalry
  • 20: Market condition - Five forces 2019
  • 21: Application - Market share 2019-2024 (%)
  • 22: Comparison by Application
  • 23: Light-duty vehicles - Market size and forecast 2019-2024 (MW)
  • 24: Light-duty vehicles - Year-over-year growth 2019-2024 (%)
  • 25: Heavy-duty vehicles - Market size and forecast 2019-2024 (MW)
  • 26: Heavy-duty vehicles - Year-over-year growth 2019-2024 (%)
  • 27: Others - Market size and forecast 2019-2024 (MW)
  • 28: Others - Year-over-year growth 2019-2024 (%)
  • 29: Market opportunity by Application
  • 30: Customer landscape
  • 31: Market share by geography 2019-2024 (%)
  • 32: Geographic comparison
  • 33: APAC - Market size and forecast 2019-2024 (MW)
  • 34: APAC - Year-over-year growth 2019-2024 (%)
  • 35: Americas - Market size and forecast 2019-2024 (MW)
  • 36: Americas - Year-over-year growth 2019-2024 (%)
  • 37: EMEA - Market size and forecast 2019-2024 (MW)
  • 38: EMEA - Year-over-year growth 2019-2024 (%)
  • 39: Key leading countries
  • 40: Market opportunity by geography (MW)
  • 41: Impact of drivers and challenges
  • 42: Vendor landscape
  • 43: Landscape disruption
  • 44: Industry risks
  • 45: Vendors covered
  • 46: Market positioning of vendors
  • 47: Ballard Power Systems Inc. - Overview
  • 48: Ballard Power Systems Inc. - Business segments
  • 49: Ballard Power Systems Inc. - Key offerings
  • 50: Ballard Power Systems Inc. - Key customers
  • 51: Ballard Power Systems Inc. - Segment focus
  • 52: Cummins Inc. - Overview
  • 53: Cummins Inc. - Business segments
  • 54: Cummins Inc. - Key offerings
  • 55: Cummins Inc. - Key customers
  • 56: Cummins Inc. - Segment focus
  • 57: ElringKlinger AG - Overview
  • 58: ElringKlinger AG - Business segments
  • 59: ElringKlinger AG - Key offerings
  • 60: ElringKlinger AG - Key customers
  • 61: ElringKlinger AG - Segment focus
  • 62: Horizon Fuel Cell Technologies Pte. Ltd. - Overview
  • 63: Horizon Fuel Cell Technologies Pte. Ltd. - Product and service
  • 64: Horizon Fuel Cell Technologies Pte. Ltd. - Key offerings
  • 65: Horizon Fuel Cell Technologies Pte. Ltd. - Key customers
  • 66: Horizon Fuel Cell Technologies Pte. Ltd. - Segment focus
  • 67: Intelligent Energy Ltd. - Overview
  • 68: Intelligent Energy Ltd. - Product and service
  • 69: Intelligent Energy Ltd. - Key offerings
  • 70: Intelligent Energy Ltd. - Key customers
  • 71: Intelligent Energy Ltd. - Segment focus
  • 72: Nedstack Fuel Cell Technology BV - Overview
  • 73: Nedstack Fuel Cell Technology BV - Product and service
  • 74: Nedstack Fuel Cell Technology BV - Key offerings
  • 75: Nedstack Fuel Cell Technology BV - Key customers
  • 76: Nedstack Fuel Cell Technology BV - Segment focus
  • 77: Nuvera Fuel Cells LLC - Overview
  • 78: Nuvera Fuel Cells LLC - Business segments
  • 79: Nuvera Fuel Cells LLC - Key offerings
  • 80: Nuvera Fuel Cells LLC - Key customers
  • 81: Nuvera Fuel Cells LLC - Segment focus
  • 82: Oorja Corp. - Overview
  • 83: Oorja Corp. - Product and service
  • 84: Oorja Corp. - Key offerings
  • 85: Oorja Corp. - Key customers
  • 86: Oorja Corp. - Segment focus
  • 87: Plug Power Inc. - Overview
  • 88: Plug Power Inc. - Business segments
  • 89: Plug Power Inc. - Key offerings
  • 90: Plug Power Inc. - Key customers
  • 91: Plug Power Inc. - Segment focus
  • 92: PowerCell Sweden AB - Overview
  • 93: PowerCell Sweden AB - Product and service
  • 94: PowerCell Sweden AB - Key offerings
  • 95: PowerCell Sweden AB - Key customers
  • 96: PowerCell Sweden AB - Segment focus
  • 97: Currency conversion rates for US$
  • 98: Research Methodology
  • 99: Validation techniques employed for market sizing
  • 100: Information sources
  • 101: List of abbreviations
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