Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Lucintel | PRODUCT CODE: 1879460

Cover Image

PUBLISHER: Lucintel | PRODUCT CODE: 1879460

Fuel Cell Powertrain Market Report: Trends, Forecast and Competitive Analysis to 2031

PUBLISHED:
PAGES: 150 Pages
DELIVERY TIME: 3 business days
SELECT AN OPTION
PDF (Single User License)
USD 3850
PDF (2 Users License)
USD 4650
PDF (5 Users License)
USD 5350
PDF (Corporate License)
USD 7050

Add to Cart

The future of the global fuel cell powertrain market looks promising with opportunities in the passenger car, light commercial vehicle, bus, and truck markets. The global fuel cell powertrain market is expected to grow with a CAGR of 47.9% from 2025 to 2031. The major drivers for this market are the increasing demand for zero-emission transportation, the rising government initiatives for clean energy, and the growing adoption of hydrogen fuel cell technology.

  • Lucintel forecasts that, within the component category, fuel cell system is expected to witness the highest growth over the forecast period.
  • Within the vehicle type category, passenger car is expected to witness the highest growth.
  • In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Fuel Cell Powertrain Market

The fuel cell powertrain market is being reshaped by several key trends. These developments are driven by a mix of technological innovation, regulatory changes, and economic pressures to find cleaner, more efficient transportation solutions. These trends are poised to accelerate the adoption of hydrogen fuel cells across various applications.

  • Heavy-Duty Vehicle Focus: There is a strong trend toward heavy-duty vehicle applications. Fuel cell powertrains are gaining traction in trucks, buses, and trains due to their superior range, fast refueling times, and high power output, which are crucial for long-haul and commercial logistics. This shift is a direct response to the limitations of battery-electric vehicles in these demanding sectors.
  • Advanced Material Science: The use of advanced materials is an emerging trend. Innovations in material science, particularly for catalysts and membranes, are making fuel cells more durable, efficient, and cost-effective. Research is focused on reducing reliance on expensive platinum and developing new materials that can withstand harsh operating conditions, which is essential for mass-market adoption.
  • Integration with IoT and AI: The integration of AI and IoT is an emerging trend. Smart powertrains with embedded sensors and AI-driven control systems can optimize performance, predict maintenance needs, and manage energy flow more efficiently. This technology helps to improve the overall reliability and longevity of fuel cell systems, while also enabling new data-driven business models.
  • Green Hydrogen Production: The focus on green hydrogen production is a critical trend. The true environmental benefit of a fuel cell powertrain depends on the source of its hydrogen. The industry is increasingly focused on producing hydrogen using renewable energy through electrolysis, creating a truly zero-emission energy cycle from production to consumption and addressing a key sustainability concern.
  • Modular Powertrain Systems: There is a trend towards modular and scalable designs. Manufacturers are developing modular fuel cell systems that can be easily configured for different vehicle types and power requirements. This simplifies the manufacturing process, reduces development costs, and allows for greater flexibility in vehicle design, enabling faster market deployment across various applications.

These emerging trends are fundamentally transforming the fuel cell powertrain market, moving it from a niche technology to a viable and scalable solution for zero-emission mobility. The focus on heavy-duty applications, material science, and the integration of smart technologies is addressing key challenges, while the shift to green hydrogen production is solidifying its position as a sustainable and critical component of the future energy landscape.

Recent Developments in the Fuel Cell Powertrain Market

The fuel cell powertrain market has witnessed several key developments aimed at accelerating its growth and commercialization. These changes are driven by a global push for decarbonization and are centered on improving the technology's performance, reducing costs, and building the necessary infrastructure to support widespread adoption.

  • Increased Government Subsidies: A key development is the significant increase in government subsidies. Governments worldwide are offering substantial financial incentives and grants for the development and adoption of fuel cell vehicles and hydrogen infrastructure. This support is crucial for offsetting the high initial costs of the technology and encouraging private sector investment in a nascent, but promising, market.
  • Strategic Corporate Collaborations: There is a significant development in strategic partnerships. Major corporations, including automakers and energy companies, are forming joint ventures to pool resources and expertise. These collaborations, such as the one between Daimler and Volvo, are accelerating the development and deployment of fuel cell technologies, particularly for commercial vehicles, by sharing the financial burden and technical risks.
  • Expansion of Refueling Infrastructure: The expansion of hydrogen refueling infrastructure is a major development. While still limited, the number of hydrogen refueling stations is growing steadily in key markets. This development is critical for addressing the "chicken and egg" problem of vehicle adoption and infrastructure availability, and it is a vital step toward building consumer and fleet operator confidence.
  • Cost Reduction in Components: There is a major development in the reduction of component costs. Through mass production, advanced manufacturing techniques, and the substitution of expensive materials like platinum, the cost of fuel cell stacks and other powertrain components is steadily decreasing. This trend is making fuel cell vehicles more competitive with traditional and battery-electric vehicles.

These developments are profoundly impacting the fuel cell powertrain market, creating a more favorable environment for growth. The combination of government support, industry collaboration, technological advancements, and cost reduction is paving the way for a viable and scalable hydrogen mobility solution. These changes are vital for transitioning the transportation sector toward a cleaner, more sustainable future.

Strategic Growth Opportunities in the Fuel Cell Powertrain Market

The fuel cell powertrain market offers several strategic growth opportunities by application, moving beyond just passenger vehicles. These opportunities are focused on sectors where the unique advantages of fuel cells-such as long range, quick refueling, and high power output-provide a significant competitive edge over other propulsion technologies.

  • Heavy-Duty Commercial Vehicles: A key opportunity is in heavy-duty commercial vehicles. This includes long-haul trucks, buses, and logistics fleets. Fuel cells are ideal for these applications because they can provide the necessary power and range without the weight and downtime associated with large batteries, allowing for high utilization rates and efficient, zero-emission freight transport.
  • Marine and Rail Applications: An emerging opportunity is in the marine and rail sectors. Fuel cell powertrains are being explored for ferries, ships, and trains to reduce emissions in these hard-to-abate sectors. The high energy density of hydrogen makes it a compelling alternative to diesel in these applications, enabling long-distance journeys without the need for extensive refueling infrastructure.
  • Material Handling Equipment: A strategic opportunity lies in material handling equipment. Fuel cell-powered forklifts and other warehouse vehicles offer a compelling alternative to traditional battery-powered models. They provide consistent power throughout the shift, can be refueled in minutes, and perform well in cold environments, leading to increased productivity and lower operational costs for businesses.
  • Stationary Power Generation: An opportunity exists in stationary power generation for backup. Fuel cell powertrains can be adapted for stationary applications to provide reliable, zero-emission backup power for data centers, hospitals, and telecommunications sites. This application leverages the high efficiency and low maintenance of fuel cells, offering a clean alternative to diesel generators.
  • Off-Highway Vehicles: A growth opportunity is in off-highway vehicles. This includes construction, mining, and agricultural equipment. The demanding nature of these applications requires high power and long operating hours, which can be challenging for batteries. Fuel cell powertrains offer a rugged, high-performance solution that can operate in remote locations with limited grid access.

The strategic growth opportunities in the fuel cell powertrain market are diverse and impactful. By targeting applications where fuel cells provide a clear advantage, such as heavy-duty and off-highway vehicles, the industry can gain traction and scale up. These opportunities are not only vital for market growth but also for demonstrating the versatility and effectiveness of hydrogen as a clean energy source.

Fuel Cell Powertrain Market Driver and Challenges

The fuel cell powertrain market is shaped by a combination of key drivers and significant challenges. These factors, ranging from economic and technological to regulatory, determine the market's trajectory. A nuanced understanding of this dynamic is crucial for stakeholders to navigate and strategically invest in the future of hydrogen mobility.

The factors responsible for driving the fuel cell powertrain market include:

1. Stringent Environmental Regulations: The primary driver is the global push for reduced emissions. Governments worldwide are implementing strict regulations and carbon neutrality goals, compelling industries to adopt zero-emission technologies. Fuel cell powertrains, which emit only water vapor, are a clean and attractive solution for meeting these new standards, especially in high-polluting sectors like transportation.

2. Increasing Demand for Zero-Emission Mobility: There is a growing demand for cleaner vehicles. Consumer awareness and corporate sustainability goals are increasing the demand for zero-emission vehicles. This trend, coupled with the desire for vehicles with a longer range and faster refueling than battery-electric cars, is driving the adoption of fuel cell powertrains in both passenger and commercial applications.

3. Advancements in Technology: Ongoing technological advancements are a key driver. Innovations in fuel cell stack design, hydrogen storage solutions, and power electronics are improving the performance, efficiency, and durability of fuel cell powertrains. These technological breakthroughs are reducing the total cost of ownership and making fuel cell vehicles a more viable option for commercial and consumer use.

4. Government Investments and Support: Strong government support is a critical driver. Governments are investing billions of dollars in hydrogen research, development, and infrastructure. This support, through subsidies, tax credits, and the creation of hydrogen hubs, is de-risking the technology for private investors and accelerating the development of a robust hydrogen economy.

5. Rapid Refueling and Long Range: The fast refueling time and long range of fuel cell vehicles are a major driver. Unlike battery-electric vehicles that require lengthy charging, hydrogen vehicles can be refueled in minutes, similar to conventional cars. This advantage, combined with their ability to cover long distances on a single tank, makes them particularly suitable for heavy-duty and long-haul transport.

Challenges in the fuel cell powertrain market are:

1. Limited Hydrogen Infrastructure: A major challenge is the underdeveloped hydrogen refueling infrastructure. The lack of a widespread network of refueling stations creates a "chicken and egg" dilemma, where consumers and fleets are hesitant to adopt vehicles without infrastructure, and companies are hesitant to build infrastructure without sufficient demand.

2. High Cost of Technology: The high cost of fuel cell components is a significant challenge. The use of expensive materials, such as platinum, in fuel cell stacks and the high cost of manufacturing and hydrogen storage systems makes fuel cell powertrains more expensive than traditional and battery-electric options. This cost barrier hinders mass-market adoption and commercial viability.

3. Competition from Battery EVs: A significant challenge is the intense competition from battery-electric vehicles (BEVs). BEVs have a head start in market adoption, with a rapidly growing charging infrastructure and a wider range of models available at a lower cost. The continued improvement in battery technology and declining costs pose a direct threat to the growth of fuel cell powertrains in the passenger vehicle segment.

The fuel cell powertrain market is driven by powerful forces, including a global commitment to clean energy and technological advancements that are improving performance and reducing costs. However, it faces substantial hurdles, particularly the limited hydrogen infrastructure and high initial investment. The industry's ability to overcome these challenges will determine the scale and speed of its role in shaping a sustainable transportation future.

List of Fuel Cell Powertrain Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fuel cell powertrain companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fuel cell powertrain companies profiled in this report include-

  • Cummins
  • Ballard Power Systems
  • Robert Bosch
  • Denso Corporation
  • FEV
  • FCP Fuel Cell Powertrain
  • ITM Power
  • Ceres Power
  • Delphi Technologies
  • AVL List

Fuel Cell Powertrain Market by Segment

The study includes a forecast for the global fuel cell powertrain market by component, drive type, vehicle type, and region.

Fuel Cell Powertrain Market by Component [Value from 2019 to 2031]:

  • Fuel Cell System
  • Battery System
  • Drive System
  • Hydrogen Storage System
  • Others

Fuel Cell Powertrain Market by Drive Type [Value from 2019 to 2031]:

  • Rear-Wheel Drive
  • Front-Wheel Drive
  • All-Wheel Drive

Fuel Cell Powertrain Market by Vehicle Type [Value from 2019 to 2031]:

  • Passenger Cars
  • Light Commercial Vehicle
  • Buses
  • Trucks
  • Others

Country Wise Outlook for the Fuel Cell Powertrain Market

The global fuel cell powertrain market is experiencing a rapid evolution, driven by the urgent need for zero-emission transportation and the push for a hydrogen economy. Recent developments across major countries are focused on advancing technology, building infrastructure, and creating policy frameworks to accelerate the commercialization of hydrogen-powered vehicles and applications.

  • United States: The U.S. market is advancing through private-sector partnerships and government support. Recent developments include increased investment from companies like Cummins and Ballard Power Systems in developing higher-power fuel cell systems for heavy-duty applications. The U.S. government's push for hydrogen hubs and tax credits is accelerating infrastructure build-out and technology deployment.
  • China: China is rapidly emerging as a global leader in fuel cell technology, with a focus on mass production. Developments are concentrated on large-scale fleet deployments of fuel cell buses and trucks. The government is implementing supportive policies and subsidies to promote the hydrogen industry, leading to significant advancements in domestic manufacturing and cost reduction.
  • Germany: Germany's market is driven by a strong commitment to decarbonization and technological innovation. Recent advancements include strategic partnerships between automotive giants like Daimler and Volvo to develop fuel cell powertrains for heavy-duty trucks. The country is also a leader in hydrogen infrastructure, with ongoing projects to expand refueling networks across the nation.
  • India: India is a nascent but rapidly developing market. Recent developments are focused on pilot projects and establishing a foundational infrastructure. The government is promoting green hydrogen production, and companies are exploring the feasibility of using fuel cell powertrains for buses and trucks to address air pollution and achieve long-term sustainability goals.
  • Japan: Japan has been a pioneer in fuel cell technology, and its recent developments are centered on refining existing technologies and expanding consumer adoption. The country is known for its leadership in developing and commercializing fuel cell passenger cars like the Toyota Mirai, with ongoing efforts to improve durability, reduce costs, and broaden the hydrogen refueling network.

Features of the Global Fuel Cell Powertrain Market

  • Market Size Estimates: Fuel cell powertrain market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
  • Segmentation Analysis: Fuel cell powertrain market size by component, drive type, vehicle type, and region in terms of value ($B).
  • Regional Analysis: Fuel cell powertrain market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different components, drive types, vehicle types, and regions for the fuel cell powertrain market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fuel cell powertrain market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the fuel cell powertrain market by component (fuel cell system, battery system, drive system, hydrogen storage system, and others), drive type (rear-wheel drive, front-wheel drive, and all-wheel drive), vehicle type (passenger cars, light commercial vehicle, buses, trucks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

  • 2.1 Background and Classifications
  • 2.2 Supply Chain

3. Market Trends & Forecast Analysis

  • 3.2 Industry Drivers and Challenges
  • 3.3 PESTLE Analysis
  • 3.4 Patent Analysis
  • 3.5 Regulatory Environment

4. Global Fuel Cell Powertrain Market by Component

  • 4.1 Overview
  • 4.2 Attractiveness Analysis by Component
  • 4.3 Fuel Cell System: Trends and Forecast (2019-2031)
  • 4.4 Battery System: Trends and Forecast (2019-2031)
  • 4.5 Drive System: Trends and Forecast (2019-2031)
  • 4.6 Hydrogen Storage System: Trends and Forecast (2019-2031)
  • 4.7 Others: Trends and Forecast (2019-2031)

5. Global Fuel Cell Powertrain Market by Drive Type

  • 5.1 Overview
  • 5.2 Attractiveness Analysis by Drive Type
  • 5.3 Rear-Wheel Drive: Trends and Forecast (2019-2031)
  • 5.4 Front-Wheel Drive: Trends and Forecast (2019-2031)
  • 5.5 All-Wheel Drive: Trends and Forecast (2019-2031)

6. Global Fuel Cell Powertrain Market by Vehicle Type

  • 6.1 Overview
  • 6.2 Attractiveness Analysis by Vehicle Type
  • 6.3 Passenger Cars: Trends and Forecast (2019-2031)
  • 6.4 Light Commercial Vehicle: Trends and Forecast (2019-2031)
  • 6.5 Buses: Trends and Forecast (2019-2031)
  • 6.6 Trucks: Trends and Forecast (2019-2031)
  • 6.7 Others: Trends and Forecast (2019-2031)

7. Regional Analysis

  • 7.1 Overview
  • 7.2 Global Fuel Cell Powertrain Market by Region

8. North American Fuel Cell Powertrain Market

  • 8.1 Overview
  • 8.2 North American Fuel Cell Powertrain Market by Component
  • 8.3 North American Fuel Cell Powertrain Market by Vehicle Type
  • 8.4 United States Fuel Cell Powertrain Market
  • 8.5 Mexican Fuel Cell Powertrain Market
  • 8.6 Canadian Fuel Cell Powertrain Market

9. European Fuel Cell Powertrain Market

  • 9.1 Overview
  • 9.2 European Fuel Cell Powertrain Market by Component
  • 9.3 European Fuel Cell Powertrain Market by Vehicle Type
  • 9.4 German Fuel Cell Powertrain Market
  • 9.5 French Fuel Cell Powertrain Market
  • 9.6 Spanish Fuel Cell Powertrain Market
  • 9.7 Italian Fuel Cell Powertrain Market
  • 9.8 United Kingdom Fuel Cell Powertrain Market

10. APAC Fuel Cell Powertrain Market

  • 10.1 Overview
  • 10.2 APAC Fuel Cell Powertrain Market by Component
  • 10.3 APAC Fuel Cell Powertrain Market by Vehicle Type
  • 10.4 Japanese Fuel Cell Powertrain Market
  • 10.5 Indian Fuel Cell Powertrain Market
  • 10.6 Chinese Fuel Cell Powertrain Market
  • 10.7 South Korean Fuel Cell Powertrain Market
  • 10.8 Indonesian Fuel Cell Powertrain Market

11. ROW Fuel Cell Powertrain Market

  • 11.1 Overview
  • 11.2 ROW Fuel Cell Powertrain Market by Component
  • 11.3 ROW Fuel Cell Powertrain Market by Vehicle Type
  • 11.4 Middle Eastern Fuel Cell Powertrain Market
  • 11.5 South American Fuel Cell Powertrain Market
  • 11.6 African Fuel Cell Powertrain Market

12. Competitor Analysis

  • 12.1 Product Portfolio Analysis
  • 12.2 Operational Integration
  • 12.3 Porter's Five Forces Analysis
    • Competitive Rivalry
    • Bargaining Power of Buyers
    • Bargaining Power of Suppliers
    • Threat of Substitutes
    • Threat of New Entrants
  • 12.4 Market Share Analysis

13. Opportunities & Strategic Analysis

  • 13.1 Value Chain Analysis
  • 13.2 Growth Opportunity Analysis
    • 13.2.1 Growth Opportunities by Component
    • 13.2.2 Growth Opportunities by Drive Type
    • 13.2.3 Growth Opportunities by Vehicle Type
  • 13.3 Emerging Trends in the Global Fuel Cell Powertrain Market
  • 13.4 Strategic Analysis
    • 13.4.1 New Product Development
    • 13.4.2 Certification and Licensing
    • 13.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

14. Company Profiles of the Leading Players Across the Value Chain

  • 14.1 Competitive Analysis
  • 14.2 Cummins
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.3 Ballard Power Systems
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.4 Robert Bosch
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.5 Denso Corporation
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.6 FEV
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.7 FCP Fuel Cell Powertrain
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.8 ITM Power
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.9 Ceres Power
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.10 Delphi Technologies
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.11 AVL List
    • Company Overview
    • Fuel Cell Powertrain Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing

15. Appendix

  • 15.1 List of Figures
  • 15.2 List of Tables
  • 15.3 Research Methodology
  • 15.4 Disclaimer
  • 15.5 Copyright
  • 15.6 Abbreviations and Technical Units
  • 15.7 About Us
  • 15.8 Contact Us

List of Figures

  • Figure 1.1: Trends and Forecast for the Global Fuel Cell Powertrain Market
  • Figure 2.1: Usage of Fuel Cell Powertrain Market
  • Figure 2.2: Classification of the Global Fuel Cell Powertrain Market
  • Figure 2.3: Supply Chain of the Global Fuel Cell Powertrain Market
  • Figure 3.1: Driver and Challenges of the Fuel Cell Powertrain Market
  • Figure 3.2: PESTLE Analysis
  • Figure 3.3: Patent Analysis
  • Figure 3.4: Regulatory Environment
  • Figure 4.1: Global Fuel Cell Powertrain Market by Component in 2019, 2024, and 2031
  • Figure 4.2: Trends of the Global Fuel Cell Powertrain Market ($B) by Component
  • Figure 4.3: Forecast for the Global Fuel Cell Powertrain Market ($B) by Component
  • Figure 4.4: Trends and Forecast for Fuel Cell System in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 4.5: Trends and Forecast for Battery System in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 4.6: Trends and Forecast for Drive System in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 4.7: Trends and Forecast for Hydrogen Storage System in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 4.8: Trends and Forecast for Others in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 5.1: Global Fuel Cell Powertrain Market by Drive Type in 2019, 2024, and 2031
  • Figure 5.2: Trends of the Global Fuel Cell Powertrain Market ($B) by Drive Type
  • Figure 5.3: Forecast for the Global Fuel Cell Powertrain Market ($B) by Drive Type
  • Figure 5.4: Trends and Forecast for Rear-Wheel Drive in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 5.5: Trends and Forecast for Front-Wheel Drive in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 5.6: Trends and Forecast for All-Wheel Drive in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 6.1: Global Fuel Cell Powertrain Market by Vehicle Type in 2019, 2024, and 2031
  • Figure 6.2: Trends of the Global Fuel Cell Powertrain Market ($B) by Vehicle Type
  • Figure 6.3: Forecast for the Global Fuel Cell Powertrain Market ($B) by Vehicle Type
  • Figure 6.4: Trends and Forecast for Passenger Cars in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 6.5: Trends and Forecast for Light Commercial Vehicle in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 6.6: Trends and Forecast for Buses in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 6.7: Trends and Forecast for Trucks in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 6.8: Trends and Forecast for Others in the Global Fuel Cell Powertrain Market (2019-2031)
  • Figure 7.1: Trends of the Global Fuel Cell Powertrain Market ($B) by Region (2019-2024)
  • Figure 7.2: Forecast for the Global Fuel Cell Powertrain Market ($B) by Region (2025-2031)
  • Figure 8.1: North American Fuel Cell Powertrain Market by Component in 2019, 2024, and 2031
  • Figure 8.2: Trends of the North American Fuel Cell Powertrain Market ($B) by Component (2019-2024)
  • Figure 8.3: Forecast for the North American Fuel Cell Powertrain Market ($B) by Component (2025-2031)
  • Figure 8.4: North American Fuel Cell Powertrain Market by Vehicle Type in 2019, 2024, and 2031
  • Figure 8.5: Trends of the North American Fuel Cell Powertrain Market ($B) by Vehicle Type (2019-2024)
  • Figure 8.6: Forecast for the North American Fuel Cell Powertrain Market ($B) by Vehicle Type (2025-2031)
  • Figure 8.7: Trends and Forecast for the United States Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 8.8: Trends and Forecast for the Mexican Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 8.9: Trends and Forecast for the Canadian Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 9.1: European Fuel Cell Powertrain Market by Component in 2019, 2024, and 2031
  • Figure 9.2: Trends of the European Fuel Cell Powertrain Market ($B) by Component (2019-2024)
  • Figure 9.3: Forecast for the European Fuel Cell Powertrain Market ($B) by Component (2025-2031)
  • Figure 9.4: European Fuel Cell Powertrain Market by Vehicle Type in 2019, 2024, and 2031
  • Figure 9.5: Trends of the European Fuel Cell Powertrain Market ($B) by Vehicle Type (2019-2024)
  • Figure 9.6: Forecast for the European Fuel Cell Powertrain Market ($B) by Vehicle Type (2025-2031)
  • Figure 9.7: Trends and Forecast for the German Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 9.8: Trends and Forecast for the French Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 9.9: Trends and Forecast for the Spanish Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 9.10: Trends and Forecast for the Italian Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 9.11: Trends and Forecast for the United Kingdom Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 10.1: APAC Fuel Cell Powertrain Market by Component in 2019, 2024, and 2031
  • Figure 10.2: Trends of the APAC Fuel Cell Powertrain Market ($B) by Component (2019-2024)
  • Figure 10.3: Forecast for the APAC Fuel Cell Powertrain Market ($B) by Component (2025-2031)
  • Figure 10.4: APAC Fuel Cell Powertrain Market by Vehicle Type in 2019, 2024, and 2031
  • Figure 10.5: Trends of the APAC Fuel Cell Powertrain Market ($B) by Vehicle Type (2019-2024)
  • Figure 10.6: Forecast for the APAC Fuel Cell Powertrain Market ($B) by Vehicle Type (2025-2031)
  • Figure 10.7: Trends and Forecast for the Japanese Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 10.8: Trends and Forecast for the Indian Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 10.9: Trends and Forecast for the Chinese Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 10.10: Trends and Forecast for the South Korean Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 10.11: Trends and Forecast for the Indonesian Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 11.1: ROW Fuel Cell Powertrain Market by Component in 2019, 2024, and 2031
  • Figure 11.2: Trends of the ROW Fuel Cell Powertrain Market ($B) by Component (2019-2024)
  • Figure 11.3: Forecast for the ROW Fuel Cell Powertrain Market ($B) by Component (2025-2031)
  • Figure 11.4: ROW Fuel Cell Powertrain Market by Vehicle Type in 2019, 2024, and 2031
  • Figure 11.5: Trends of the ROW Fuel Cell Powertrain Market ($B) by Vehicle Type (2019-2024)
  • Figure 11.6: Forecast for the ROW Fuel Cell Powertrain Market ($B) by Vehicle Type (2025-2031)
  • Figure 11.7: Trends and Forecast for the Middle Eastern Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 11.8: Trends and Forecast for the South American Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 11.9: Trends and Forecast for the African Fuel Cell Powertrain Market ($B) (2019-2031)
  • Figure 12.1: Porter's Five Forces Analysis of the Global Fuel Cell Powertrain Market
  • Figure 12.2: Market Share (%) of Top Players in the Global Fuel Cell Powertrain Market (2024)
  • Figure 13.1: Growth Opportunities for the Global Fuel Cell Powertrain Market by Component
  • Figure 13.2: Growth Opportunities for the Global Fuel Cell Powertrain Market by Drive Type
  • Figure 13.3: Growth Opportunities for the Global Fuel Cell Powertrain Market by Vehicle Type
  • Figure 13.4: Growth Opportunities for the Global Fuel Cell Powertrain Market by Region
  • Figure 13.5: Emerging Trends in the Global Fuel Cell Powertrain Market

List of Tables

  • Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Fuel Cell Powertrain Market by Component, Drive Type, and Vehicle Type
  • Table 1.2: Attractiveness Analysis for the Fuel Cell Powertrain Market by Region
  • Table 1.3: Global Fuel Cell Powertrain Market Parameters and Attributes
  • Table 3.1: Trends of the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 3.2: Forecast for the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 4.1: Attractiveness Analysis for the Global Fuel Cell Powertrain Market by Component
  • Table 4.2: Market Size and CAGR of Various Component in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 4.3: Market Size and CAGR of Various Component in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 4.4: Trends of Fuel Cell System in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 4.5: Forecast for Fuel Cell System in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 4.6: Trends of Battery System in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 4.7: Forecast for Battery System in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 4.8: Trends of Drive System in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 4.9: Forecast for Drive System in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 4.10: Trends of Hydrogen Storage System in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 4.11: Forecast for Hydrogen Storage System in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 4.12: Trends of Others in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 4.13: Forecast for Others in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 5.1: Attractiveness Analysis for the Global Fuel Cell Powertrain Market by Drive Type
  • Table 5.2: Market Size and CAGR of Various Drive Type in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 5.3: Market Size and CAGR of Various Drive Type in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 5.4: Trends of Rear-Wheel Drive in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 5.5: Forecast for Rear-Wheel Drive in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 5.6: Trends of Front-Wheel Drive in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 5.7: Forecast for Front-Wheel Drive in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 5.8: Trends of All-Wheel Drive in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 5.9: Forecast for All-Wheel Drive in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 6.1: Attractiveness Analysis for the Global Fuel Cell Powertrain Market by Vehicle Type
  • Table 6.2: Market Size and CAGR of Various Vehicle Type in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 6.3: Market Size and CAGR of Various Vehicle Type in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 6.4: Trends of Passenger Cars in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 6.5: Forecast for Passenger Cars in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 6.6: Trends of Light Commercial Vehicle in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 6.7: Forecast for Light Commercial Vehicle in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 6.8: Trends of Buses in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 6.9: Forecast for Buses in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 6.10: Trends of Trucks in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 6.11: Forecast for Trucks in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 6.12: Trends of Others in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 6.13: Forecast for Others in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 7.1: Market Size and CAGR of Various Regions in the Global Fuel Cell Powertrain Market (2019-2024)
  • Table 7.2: Market Size and CAGR of Various Regions in the Global Fuel Cell Powertrain Market (2025-2031)
  • Table 8.1: Trends of the North American Fuel Cell Powertrain Market (2019-2024)
  • Table 8.2: Forecast for the North American Fuel Cell Powertrain Market (2025-2031)
  • Table 8.3: Market Size and CAGR of Various Component in the North American Fuel Cell Powertrain Market (2019-2024)
  • Table 8.4: Market Size and CAGR of Various Component in the North American Fuel Cell Powertrain Market (2025-2031)
  • Table 8.5: Market Size and CAGR of Various Vehicle Type in the North American Fuel Cell Powertrain Market (2019-2024)
  • Table 8.6: Market Size and CAGR of Various Vehicle Type in the North American Fuel Cell Powertrain Market (2025-2031)
  • Table 8.7: Trends and Forecast for the United States Fuel Cell Powertrain Market (2019-2031)
  • Table 8.8: Trends and Forecast for the Mexican Fuel Cell Powertrain Market (2019-2031)
  • Table 8.9: Trends and Forecast for the Canadian Fuel Cell Powertrain Market (2019-2031)
  • Table 9.1: Trends of the European Fuel Cell Powertrain Market (2019-2024)
  • Table 9.2: Forecast for the European Fuel Cell Powertrain Market (2025-2031)
  • Table 9.3: Market Size and CAGR of Various Component in the European Fuel Cell Powertrain Market (2019-2024)
  • Table 9.4: Market Size and CAGR of Various Component in the European Fuel Cell Powertrain Market (2025-2031)
  • Table 9.5: Market Size and CAGR of Various Vehicle Type in the European Fuel Cell Powertrain Market (2019-2024)
  • Table 9.6: Market Size and CAGR of Various Vehicle Type in the European Fuel Cell Powertrain Market (2025-2031)
  • Table 9.7: Trends and Forecast for the German Fuel Cell Powertrain Market (2019-2031)
  • Table 9.8: Trends and Forecast for the French Fuel Cell Powertrain Market (2019-2031)
  • Table 9.9: Trends and Forecast for the Spanish Fuel Cell Powertrain Market (2019-2031)
  • Table 9.10: Trends and Forecast for the Italian Fuel Cell Powertrain Market (2019-2031)
  • Table 9.11: Trends and Forecast for the United Kingdom Fuel Cell Powertrain Market (2019-2031)
  • Table 10.1: Trends of the APAC Fuel Cell Powertrain Market (2019-2024)
  • Table 10.2: Forecast for the APAC Fuel Cell Powertrain Market (2025-2031)
  • Table 10.3: Market Size and CAGR of Various Component in the APAC Fuel Cell Powertrain Market (2019-2024)
  • Table 10.4: Market Size and CAGR of Various Component in the APAC Fuel Cell Powertrain Market (2025-2031)
  • Table 10.5: Market Size and CAGR of Various Vehicle Type in the APAC Fuel Cell Powertrain Market (2019-2024)
  • Table 10.6: Market Size and CAGR of Various Vehicle Type in the APAC Fuel Cell Powertrain Market (2025-2031)
  • Table 10.7: Trends and Forecast for the Japanese Fuel Cell Powertrain Market (2019-2031)
  • Table 10.8: Trends and Forecast for the Indian Fuel Cell Powertrain Market (2019-2031)
  • Table 10.9: Trends and Forecast for the Chinese Fuel Cell Powertrain Market (2019-2031)
  • Table 10.10: Trends and Forecast for the South Korean Fuel Cell Powertrain Market (2019-2031)
  • Table 10.11: Trends and Forecast for the Indonesian Fuel Cell Powertrain Market (2019-2031)
  • Table 11.1: Trends of the ROW Fuel Cell Powertrain Market (2019-2024)
  • Table 11.2: Forecast for the ROW Fuel Cell Powertrain Market (2025-2031)
  • Table 11.3: Market Size and CAGR of Various Component in the ROW Fuel Cell Powertrain Market (2019-2024)
  • Table 11.4: Market Size and CAGR of Various Component in the ROW Fuel Cell Powertrain Market (2025-2031)
  • Table 11.5: Market Size and CAGR of Various Vehicle Type in the ROW Fuel Cell Powertrain Market (2019-2024)
  • Table 11.6: Market Size and CAGR of Various Vehicle Type in the ROW Fuel Cell Powertrain Market (2025-2031)
  • Table 11.7: Trends and Forecast for the Middle Eastern Fuel Cell Powertrain Market (2019-2031)
  • Table 11.8: Trends and Forecast for the South American Fuel Cell Powertrain Market (2019-2031)
  • Table 11.9: Trends and Forecast for the African Fuel Cell Powertrain Market (2019-2031)
  • Table 12.1: Product Mapping of Fuel Cell Powertrain Suppliers Based on Segments
  • Table 12.2: Operational Integration of Fuel Cell Powertrain Manufacturers
  • Table 12.3: Rankings of Suppliers Based on Fuel Cell Powertrain Revenue
  • Table 13.1: New Product Launches by Major Fuel Cell Powertrain Producers (2019-2024)
  • Table 13.2: Certification Acquired by Major Competitor in the Global Fuel Cell Powertrain Market
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!