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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1166383

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1166383

Automotive Fuel Cell Market by Vehicle Type (Buses, Trucks, LCVs, Passenger Cars), Component, Fuel Cell Type, Fuel Type, Hydrogen Fuel Points, Operating Miles, Power Capacity, Specialized Vehicle Type and Region - Global forecast to 2030

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The global automotive fuel cell market is projected to grow from 25 thousand units in 2022 to 724 thousand units by 2030, registering a CAGR of 52.4%. Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks, were mapped as part of this research. The growing demand of zero-emission commercial freight trucks and buses have accelerated the growth of long range fuel cell vehicles. The rapid setup of hydrogen infrastructure worldwide the demand for FCEVs is also expected to increase gradually. Technological breakthroughs in fuel cell components and other technologies have made it possible to have longer range and high-power engines in fuel cell electric vehicles (FCEVs). This will create a shift in demand for FCEVs in the coming years. The automotive fuel cell market is dominated by established players such as Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), Plug Power (US), among others These players have worked on providing offerings for the fuel cell ecosystem. They have initiated partnerships to develop their technology and provide best-in-class products to their customers.

"251-500 miles range segment to be the largest segment in market during the forecast period"

The 251-500 miles segment is currently the largest because its high range in a single filling is the primary reason for buying FCEVs over other EVs. Most fuel-cell vehicles currently available in the market are under this range. Above 500 miles is an upcoming segment due to OEMs working on improving range beyond earlier limits. As technology keeps developing and the size of fuel cells decreases, FC vehicles will be able to cover a larger range on a single filling. This is the reason for above 500 miles to be the fastest-growing segment in the future. The 251-500 miles segment is projected to be the largest during the forecast period. This segment includes FCEV passenger cars and some smaller buses and trucks. The 2021 Honda Clarity comes with a range of 360 miles on a single filling. Similarly, 2021 Toyota Mirai Limited and 2021 Toyota Mirai XLE come with 357- and 402-miles range, respectively. Toyota provides number of offers including USD 15,000 worth of free fuel for Toyota Mirai. Hyundai Nexo and Hyundai Nexo Blue come with a range of 354 and 380 miles, respectively. Riversimple Movement is available with a range of 300 miles in a single filling. The 2021 Chevrolet Colorado LCV comes with a range of ~250 miles. In July 2020, Hyundai expanded its Xcient fuel-cell trucks in Singapore. In March 2022, Toyota launched India's first FCEV Mirai. The sedan has been launched in the country as part of pilot project which is being conducted by the International Center for Automotive Technology along with Toyota Kirloskar Motor Pvt. Ltd. for studying as well as evaluating the Toyota Mirai on Indian roads. Union transport Road Transport ministry has launched the pilot project for Mirai hydrogen-based advanced FCEV. Toyota and BMW have entered into a partnership for producing hydrogen fuel-cell vehicles, which will allow BMW to achieve its target of 50% electrification across its line-up 2 years ahead of its expected the year 2030. BMW aims to sell hydrogen fuel-cell vehicles as soon as 2025. The car has an estimated range of 300 miles in full hydrogen tanks. Thus, the development of FCEV by various automakers will drive the market. Over the past few years, many OEMs have been making technological advancements to increase the range of their FCEVs. For instance, the 2018 version of Toyota Mirai used to offer a range of 312 miles, whereas the 2023 version is expected to come with a range of 402 miles.

"<150 kW segment to lead demand for automotive fuel cell electric vehicles during the forecast period"

The <150 kW segment is estimated to be the largest during the forecast period. Currently, most fuel-cell vehicle models use a fuel-cell stack with <150 kW power output. Passenger cars contribute to the largest share of the automotive fuel cell market. Most fuel-cell car models use fuel-cell stacks with an output power of less than 150 kW. Hence, the segment is estimated to be the largest. Meanwhile, the greater than 150-250 kW segment is projected to be the fastest as the demand for heavy-duty fuel cells will grow in the future due to the reduced fuel costs of these vehicles. For automotive applications, fuel cells of <150 kW power output are used in passenger cars, some buses, LCVs, trucks, and industrial vehicles. Some vehicles use fuel cells of less than 100 kW power output coupled with an extra battery. For instance, the 2023 Hyundai Nexo's fuel-cell output is 95 kW, and it is coupled with a battery of 40 kW-total power output of 135 kW. In these vehicles, fuel cells are used together with batteries. A new concept of plug-in fuel-cell electric vehicles has come into the market, increasing the demand for this segment in the coming years. This uses electric plug-in charging and hydrogen engine together to power the vehicle. The application of less than 150-kW fuel cells is higher as the sales of fuel-cell passenger cars currently contribute to the largest market. Other vehicles delivering power less than 150 kW are passenger cars like the Toyota Mirai, Audi HTron, Riversimple RASA, among others. Bus and truck models delivering power less than 150 kW are the Quantron QHM, Solaris Urbino 12, Tata Starbus, among others. Besides Mercedes-Benz GLC F-Cell, all fuel-cell car models available in the market have a power output range of less than 150 kW. Many of the LCVs and buses from European manufacturers such as Van Hool, Wrightbus, and Solaris have fuel-cell stacks with an output power of <150 kW. Therefore, the <150 kW segment is projected to have the largest market share during the forecast period. In May 2022, AirḌgas and Hyzon Motors signed an agreement to pilot a heavy-duty hydrogen fuel-cell truck that includes 100-kW fuel cell. The Hyzon 100-kW fuel cell, which Airgas has piloted will be displayed at Advanced Clean Transportation Expo. Similarly, in September 2022, Cummins launched hydrogen fuel-cell engine at IAA. Designed to the performance, duty cycle, as well as packaging requirements of medium and heavy-duty trucks as well as buses, the fuel-cell technology having availability in 135kW. Furthermore, in September 2022, Iveco Group and Hyundai Motor Company launched the eDaily FCEV prototype equipped with Hyundai's 90-kW hydrogen fuel-cell system as well as 140-kW e-motor. The 2023 Toyota Mirai model operates on a hydrogen fuel cell and delivers a power of 128 kW with a range of up to 402 miles.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I - 67%, Tier II and Tier III - 9%, and OEMs - 24%
  • By Designation: CXOs - 33%, Managers - 52%, Executives - 15%
  • By Region: North America - 28%, Europe - 34%, Asia Oceania - 38%

The automotive fuel cell vehicle market is dominated by established players such as Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), Plug Power (US), among others. They have worked on providing offerings for the automotive fuel cell vehicle ecosystem. They have initiated partnerships to develop their automotive fuel cell vehicle technology and offer best-in-class products to their customers.

Research Coverage:

The report covers the automotive fuel cell vehicle market based on vehicle type, component, specialized vehicle type, operating miles, power output, hydrogen fuel points, fuel cell type and region (North America, Europe, and Asia- Oceania). It covers the competitive landscape and company profiles of the major players in the automotive fuel cell vehicle ecosystem.

The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall automotive fuel cell vehicle ecosystem and its subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
  • This report will also help stakeholders understand the market's pulse and provide information on key market drivers, restraints, challenges, and opportunities.
Product Code: AT 6131

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • TABLE 1 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY COMPONENT
    • TABLE 2 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY VEHICLE TYPE
    • TABLE 3 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY SPECIALIZED VEHICLE TYPE
    • TABLE 4 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY POWER OUTPUT
    • TABLE 5 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY OPERATING MILES
    • TABLE 6 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY FUEL CELL TYPE
    • TABLE 7 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY FUEL TYPE
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
    • TABLE 8 INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SCOPE
    • FIGURE 1 MARKETS COVERED
    • 1.3.1 REGIONAL SCOPE
    • 1.3.2 YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
    • TABLE 9 CURRENCY EXCHANGE RATES
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 AUTOMOTIVE FUEL CELL MARKET: RESEARCH DESIGN
    • FIGURE 3 RESEARCH DESIGN MODEL
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 Key secondary sources for automotive fuel cell market
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Primary interviews-demand and supply sides
      • 2.1.2.2 Key industry insights and breakdown of primary interviews
    • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
      • 2.1.2.3 Primary participants
  • 2.2 MARKET SIZE ESTIMATION
    • FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    • 2.2.1 BOTTOM-UP APPROACH
    • FIGURE 6 BOTTOM-UP APPROACH: AUTOMOTIVE FUEL CELL MARKET
    • 2.2.2 TOP-DOWN APPROACH
    • 2.2.3 TOP-DOWN APPROACH: AUTOMOTIVE FUEL CELL MARKET
    • FIGURE 7 AUTOMOTIVE FUEL CELL MARKET: MARKET ESTIMATION NOTES
    • FIGURE 8 AUTOMOTIVE FUEL CELL MARKET: RESEARCH DESIGN AND METHODOLOGY - DEMAND SIDE
  • 2.3 DATA TRIANGULATION
    • FIGURE 9 DATA TRIANGULATION METHODOLOGY
    • FIGURE 10 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
  • 2.4 FACTOR ANALYSIS
    • 2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE
  • 2.5 RESEARCH ASSUMPTIONS
  • 2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

    • FIGURE 11 AUTOMOTIVE FUEL CELL MARKET: OVERVIEW
    • FIGURE 12 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
    • FIGURE 13 PASSENGER CARS PROJECTED TO LEAD MARKET DURING FORECAST PERIOD (2022-2030)

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE FUEL CELL MARKET
    • FIGURE 14 GROWING DEMAND FOR FUEL CELL STACKS AND HEAVY-DUTY COMMERCIAL VEHICLES TO DRIVE MARKET
  • 4.2 AUTOMOTIVE FUEL CELL MARKET, BY REGION
    • FIGURE 15 ASIA OCEANIA PROJECTED TO BE LARGEST MARKET DURING FORECAST PERIOD
  • 4.3 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE
    • FIGURE 16 PASSENGER CARS EXPECTED TO DOMINATE MARKET (2022-2030)
  • 4.4 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE
    • FIGURE 17 PEMFC EXPECTED TO LEAD AUTOMOTIVE FUEL CELL MARKET (2022-2030)
  • 4.5 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS
    • FIGURE 18 ASIA OCEANIA REGION EXPECTED TO LEAD MARKET FOR HYDROGEN FUEL POINT SETUP (2022-2030)
  • 4.6 AUTOMOTIVE FUEL CELL MARKET, BY POWER CAPACITY
    • FIGURE 19 <150 KW FUEL CELLS TO LEAD MARKET (2022-2030)
  • 4.7 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT
    • FIGURE 20 FUEL STACK SEGMENT EXPECTED TO BE LARGEST MARKET BY VALUE (2022-2030)
  • 4.8 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES
    • FIGURE 21 251-500 MILES SEGMENT EXPECTED TO LEAD MARKET (2022-2030)

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
    • FIGURE 22 HYDROGEN FUEL-CELL ELECTRIC VEHICLE SYSTEM
  • 5.2 MARKET DYNAMICS
    • FIGURE 23 AUTOMOTIVE FUEL CELL MARKET: DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Better fuel efficiency and increased driving range
    • TABLE 10 COMPARISON OF FUEL-CELL ELECTRIC VEHICLE MODELS
    • FIGURE 24 NATURAL GAS REQUIRED TO PROPEL BEV TO 300 MILES VS. FCEV TRAVELING 300 MILES
    • TABLE 11 FCEV ATTRIBUTES VS. ADVANCED BEV FOR 200-MILE AND 300-MILE RANGE
      • 5.2.1.2 Rapid increase in investment and development for green hydrogen production
    • FIGURE 25 NUMBER OF HYDROGEN FUEL STATIONS IN US (2016-2021)
    • FIGURE 26 GLOBAL HYDROGEN INVESTMENT AND DEVELOPMENT SCOPE
      • 5.2.1.3 Fast refueling
    • TABLE 12 ZERO-EMISSION LIGHT-DUTY VEHICLES REFERENCE COMPARISON: BEV CHARGING VS. FCEV HYDROGEN FUELING
      • 5.2.1.4 Reduced oil dependency
    • TABLE 13 US: GASOLINE AVERAGE PRICING TREND OVER LAST FEW YEARS
      • 5.2.1.5 Lower emissions than other vehicles
        • 5.2.1.5.1 Fuel cell product lifecycle
    • FIGURE 27 FUEL CELL PRODUCT LIFECYCLE
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High flammability
    • FIGURE 28 COMPARISON OF AUTOIGNITION TEMPERATURES OF VARIOUS FUELS
    • FIGURE 29 COMPARISON OF MINIMUM IGNITION ENERGY FOR VARIOUS FUELS
      • 5.2.2.2 Hard to detect hydrogen leakages
      • 5.2.2.3 High initial investments in hydrogen fueling infrastructure
    • FIGURE 30 DISPENSED FUEL COST BUILDUP FOR FUTURE TRANSPORTATION FUELS
    • FIGURE 31 INITIAL INVESTMENTS FOR VARIOUS FUEL INFRASTRUCTURE
    • FIGURE 32 COMPARISON OF BEV AND FCEV
      • 5.2.2.4 Lower efficiency than BEVs and HEVs
    • FIGURE 33 GLOBAL ELECTRIC VEHICLE SALES, 2017-2021
    • FIGURE 34 COMPARISON OF HYDROGEN AND ELECTRIC VEHICLE DRIVE
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Rising demand for fuel-cell vehicles in automotive and transportation
        • 5.2.3.1.1 FCEV commercial freight truck developments
    • TABLE 14 FCEV COMMERCIAL FREIGHT TRUCK DEVELOPMENTS
        • 5.2.3.1.2 Fuel cell bus development & deployment announcements
    • TABLE 15 FUEL CELL-BUS DEVELOPMENT & DEPLOYMENT ANNOUNCEMENT
        • 5.2.3.1.3 Fuel-cell buses around the world, 2021
    • FIGURE 35 OPERATED & PLANNED FUEL-CELL BUSES, 2021
      • 5.2.3.2 Fuel-cell vans to be an emerging opportunity for OEMs
      • 5.2.3.3 Government initiatives promoting hydrogen infrastructure
    • FIGURE 36 GOVERNMENT-LED HYDROGEN HUB INITIATIVES IN US AND CANADA
      • 5.2.3.4 Development of mobile and community hydrogen fueling systems
    • FIGURE 37 MOBILE HYDROGEN-REFUELING STATION IN JAPAN
    • 5.2.4 CHALLENGES
      • 5.2.4.1 High vehicle costs
    • FIGURE 38 COST OF FUEL CELL STACK FOR PRODUCTION VOLUME OF 1,000 UNITS/YEAR VS. 500,000 UNITS/YEAR
      • 5.2.4.2 Insufficient hydrogen infrastructure
    • FIGURE 39 HYDROGEN INFRASTRUCTURE MAINTENANCE COSTS, BY COMPONENT
      • 5.2.4.3 Rising demand for BEVs and HEVs
    • 5.2.5 AUTOMOTIVE FUEL CELL MARKET: IMPACT OF MARKET DYNAMICS
    • TABLE 16 AUTOMOTIVE FUEL CELL MARKET: IMPACT OF MARKET DYNAMICS
  • 5.3 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 40 PORTER'S FIVE FORCES: AUTOMOTIVE FUEL CELL MARKET
    • TABLE 17 IMPACT OF PORTER'S FIVE FORCES ON AUTOMOTIVE FUEL CELL MARKET
    • 5.3.1 THREAT OF SUBSTITUTES
    • 5.3.2 THREAT OF NEW ENTRANTS
    • 5.3.3 BARGAINING POWER OF BUYERS
    • 5.3.4 BARGAINING POWER OF SUPPLIERS
    • 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.4 EXISTING AND UPCOMING FCEV MODELS
    • TABLE 18 EXISTING AND UPCOMING FCEV MODELS
  • 5.5 AUTOMOTIVE FUEL CELL MARKET ECOSYSTEM
    • FIGURE 41 AUTOMOTIVE FUEL CELL MARKET: ECOSYSTEM ANALYSIS
    • 5.5.1 HYDROGEN FUEL SUPPLIERS
    • 5.5.2 TIER I SUPPLIERS (FUEL CELL AND RELATED COMPONENT PRODUCERS)
    • 5.5.3 OEMS
    • 5.5.4 END USERS
    • TABLE 19 AUTOMOTIVE FUEL CELL MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • 5.6 VALUE CHAIN ANALYSIS
    • FIGURE 42 VALUE CHAIN ANALYSIS OF AUTOMOTIVE FUEL CELL MARKET
    • FIGURE 43 FUEL-CELL SUBCLUSTER AND H2 SUBCLUSTER
  • 5.7 MACROECONOMIC INDICATORS
    • 5.7.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
    • TABLE 20 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018-2026 (USD BILLION)
  • 5.8 FUEL-CELL PRICING ANALYSIS
    • FIGURE 44 DECREASING COST OF FUEL CELL
    • FIGURE 45 FUEL-CELL SYSTEM COST, 2006-2025
    • FIGURE 46 FUEL-CELL SYSTEM & FUEL-CELL STACK COST
    • 5.8.1 FUEL-CELL AVERAGE PRICING, BY VEHICLE TYPE
    • TABLE 21 AVERAGE PRICING OF FCEVS, BY VEHICLE TYPE (USD THOUSAND)
    • 5.8.2 AVERAGE PRICING OF TOP-SELLING FUEL CELL ELECTRIC CARS
    • TABLE 22 AVERAGE PRICING OF FUEL CELL CARS (2022-2030)
  • 5.9 FUEL-CELL BUS SALES AND UPCOMING PROJECTS
    • TABLE 23 EUROPE: ZEV BUS SALES IN MAJOR CITIES AND UPCOMING PROJECTS
  • 5.10 COUNTRY-LEVEL TARGETS FUEL CELL VEHICLES AND STATIONS
    • TABLE 24 FCEV TARGETS BY TOP COUNTRIES
  • 5.11 TECHNOLOGY ANALYSIS
    • 5.11.1 DIRECT BOROHYDRIDE FUEL CELLS
    • FIGURE 47 DIRECT BOROHYDRIDE FUEL CELL WORKING
    • 5.11.2 NON-PRECIOUS METAL CATALYST-BASED FUEL CELL
    • FIGURE 48 BALLARD'S FUEL CELL WITH NON-PRECIOUS METAL CATALYST
    • 5.11.3 INCREASE IN LIFESPAN FOR NEW FUEL CELLS
    • 5.11.4 FUEL CELL HYBRID ELECTRIC VEHICLE
    • 5.11.5 PACKAGED FUEL-CELL SYSTEM MODULE
    • FIGURE 49 TOYOTA'S NEW PACKAGED FUEL-CELL SYSTEM MODULE
    • 5.11.6 METHANE FUEL CELLS
  • 5.12 PATENT ANALYSIS
    • FIGURE 50 NUMBER OF PUBLISHED PATENTS (2013-2022)
    • FIGURE 51 NUMBER OF DOCUMENTS
    • TABLE 25 IMPORTANT PATENT REGISTRATIONS RELATED TO AUTOMOTIVE FUEL CELL MARKET
  • 5.13 CASE STUDY ANALYSIS
    • TABLE 26 CASE STUDY 1: BALLARD FUEL CELL ZERO-EMISSION TRUCKS IN SHANGHAI
    • TABLE 27 CASE STUDY 2: NON-PRECIOUS METAL CATALYST
    • TABLE 28 CASE STUDY 3: FUEL-CELL ZERO-EMISSION BUSES
    • TABLE 29 CASE STUDY 4: FUEL-CELL BUSES FOR CITY TRANSIT IN FRANCE
  • 5.14 REGULATORY OVERVIEW
    • FIGURE 52 EMISSION REDUCTION OVERVIEW OF MAJOR COUNTRIES, 2021
    • TABLE 30 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS
    • TABLE 31 US III STANDARDS 2021: US EMISSION NORMS
    • TABLE 32 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS
    • TABLE 33 JAPAN WLTC STANDARDS 2021: JAPAN EMISSION NORMS
    • TABLE 34 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS
    • TABLE 35 NORTH AMERICA: KEY DEVELOPMENTS
    • TABLE 36 EUROPE: KEY DEVELOPMENTS
    • TABLE 37 ASIA OCEANIA: KEY DEVELOPMENTS
    • 5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 38 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 39 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 40 ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.15 TRENDS AND DISRUPTIONS
    • FIGURE 53 AUTOMOTIVE FUEL CELL MARKET: TRENDS AND DISRUPTIONS
  • 5.16 KEY CONFERENCES AND EVENTS, 2022-2023
    • TABLE 41 AUTOMOTIVE FUEL CELL MARKET: CONFERENCES AND EVENTS
  • 5.17 AUTOMOTIVE FUEL CELL MARKET, SCENARIOS (2022-2030)
    • 5.17.1 MOST LIKELY SCENARIO
    • FIGURE 54 AUTOMOTIVE FUEL CELL MARKET -FUTURE TRENDS & SCENARIO, 2021-2030 (UNITS)
    • TABLE 42 AUTOMOTIVE FUEL CELL MARKET (MOST LIKELY), BY REGION, 2022-2030 (THOUSAND UNITS)
    • 5.17.2 OPTIMISTIC SCENARIO
    • TABLE 43 AUTOMOTIVE FUEL CELL MARKET (OPTIMISTIC), BY REGION, 2022-2030 (THOUSAND UNITS)
    • 5.17.3 PESSIMISTIC SCENARIO
    • TABLE 44 AUTOMOTIVE FUEL CELL MARKET (PESSIMISTIC), BY REGION, 2022-2030 (THOUSAND UNITS)

6 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE

  • 6.1 INTRODUCTION
    • FIGURE 55 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (THOUSAND UNITS)
    • TABLE 45 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS)
    • TABLE 46 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (THOUSAND UNITS)
    • 6.1.1 OPERATIONAL DATA
    • TABLE 47 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE
    • 6.1.2 ASSUMPTIONS
    • TABLE 48 ASSUMPTIONS: BY VEHICLE TYPE
    • 6.1.3 RESEARCH METHODOLOGY
  • 6.2 PASSENGER CARS
    • 6.2.1 LOW OPERATING COSTS AND EMISSIONS TO DRIVE PASSENGER CAR MARKET
    • TABLE 49 PASSENGER CAR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 50 PASSENGER CAR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 6.3 LCV
    • 6.3.1 RISING DEMAND FOR LAST-MILE DELIVERY TO BOOST LCV SEGMENT
    • TABLE 51 LCV: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 52 LCV: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 6.4 BUS
    • 6.4.1 GOVERNMENT FUNDING TO DRIVE BUS MARKET
    • TABLE 53 BUS DEPLOYMENT PROJECTS
    • TABLE 54 BUS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 55 BUS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 6.5 TRUCK
    • 6.5.1 LONGER LIFE AND RANGE OF HYDROGEN FUEL-CELL TRUCKS TO DRIVE HYDROGEN TRUCK MARKET
    • TABLE 56 MASS DIFFERENCE BETWEEN BASELINE VEHICLE AND ITS FUEL-CELL TRUCK VERSION
    • TABLE 57 DEMONSTRATION PROJECTS/DEPLOYMENT OF FUEL-CELL TRUCKS
    • TABLE 58 MAJOR FUEL-CELL TRUCK PROTOTYPES
    • TABLE 59 POWERTRAIN BENCHMARKING FOR TRUCKS >12 TONS
    • TABLE 60 TRUCK: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 61 TRUCK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 6.6 KEY INDUSTRY INSIGHTS

7 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT

  • 7.1 INTRODUCTION
    • FIGURE 56 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT (USD MILLION)
    • TABLE 62 AUTOMOTIVE FUEL CELL MARKET BY COMPONENT, 2018-2021 (USD MILLION)
    • TABLE 63 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT, 2022-2030 (USD MILLION)
    • 7.1.1 OPERATIONAL DATA
    • TABLE 64 POPULAR FUEL-CELL PROVIDERS ACROSS THE WORLD
    • FIGURE 57 FUEL-CELL POWERTRAIN
    • 7.1.2 ASSUMPTIONS
    • TABLE 65 ASSUMPTIONS: BY COMPONENT TYPE
    • 7.1.3 RESEARCH METHODOLOGY
  • 7.2 FUEL STACK
    • 7.2.1 NEED FOR FUEL CONVERSION IN FCEVS TO LEAD MARKET
    • TABLE 66 FUEL STACK: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (USD MILLION)
    • TABLE 67 FUEL STACK: AUTOMOTIVE FUEL-CELL MARKET, BY REGION, 2022-2030 (USD MILLION)
  • 7.3 FUEL PROCESSOR
    • 7.3.1 INCREASED FUEL CELL LIFE DUE TO HIGHLY EFFICIENT FUEL PROCESSORS TO DRIVE MARKET
    • TABLE 68 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (USD MILLION)
    • TABLE 69 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (USD MILLION)
  • 7.4 POWER CONDITIONER
    • 7.4.1 NEED FOR EFFICIENT POWER CONVERSION IN FUEL CELLS TO LEAD DEMAND
    • TABLE 70 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (USD MILLION)
    • TABLE 71 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (USD MILLION)
  • 7.5 AIR COMPRESSOR
    • 7.5.1 FUEL CELL PUBLIC TRANSPORT VEHICLE ADOPTION TO DRIVE SEGMENT
    • TABLE 72 AIR COMPRESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (USD MILLION)
    • TABLE 73 AIR COMPRESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (USD MILLION)
  • 7.6 HUMIDIFIER
    • 7.6.1 DEMAND FOR HYDRATED PEM FUEL CELLS TO DRIVE SEGMENT
    • TABLE 74 HUMIDIFIER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (USD MILLION)
    • TABLE 75 HUMIDIFIER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (USD MILLION)
  • 7.7 KEY INDUSTRY INSIGHTS

8 AUTOMOTIVE FUEL CELL MARKET, BY SPECIALIZED VEHICLE TYPE

  • 8.1 INTRODUCTION
  • 8.2 MATERIAL-HANDLING VEHICLES
    • TABLE 76 POLYMER ELECTROLYTE MEMBRANE (PEM) FUEL CELLS AND BATTERY-POWERED FORKLIFTS VS. PALLET JACKS
    • TABLE 77 COMPARISON OF TOTAL ANNUALIZED COSTS PER LIFT TRUCK
  • 8.3 AUXILIARY POWER UNIT FOR REFRIGERATED TRUCKS
  • 8.4 KEY INDUSTRY INSIGHTS

9 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES

  • 9.1 INTRODUCTION
    • FIGURE 58 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2022-2030 (THOUSAND UNITS)
    • TABLE 78 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2018-2021 (THOUSAND UNITS)
    • TABLE 79 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2022-2030 (THOUSAND UNITS)
    • 9.1.1 OPERATIONAL DATA
    • TABLE 80 RANGE OF BEST-SELLING AND UPCOMING FUEL-CELL VEHICLES
    • 9.1.2 ASSUMPTIONS
    • TABLE 81 ASSUMPTIONS: BY OPERATING MILES
    • 9.1.3 RESEARCH METHODOLOGY
  • 9.2 0-250 MILES
    • 9.2.1 GROWING USAGE IN FUEL CELL BUSES AND LCVS TO DRIVE SEGMENT
    • TABLE 82 0-250 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 83 0-250 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 9.3 251-500 MILES
    • 9.3.1 DEMAND FOR MEDIUM-RANGE PERSONAL VEHICLES TO DRIVE MARKET
    • TABLE 84 251-500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 85 251-500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 9.4 ABOVE 500 MILES
    • 9.4.1 FUEL CELL TRUCKS AND PASSENGER CARS TO DRIVE SEGMENT
    • TABLE 86 ABOVE 500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 87 ABOVE 500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 9.5 KEY INDUSTRY INSIGHTS

10 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT

  • 10.1 INTRODUCTION
    • FIGURE 59 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2022-2030 (THOUSAND UNITS)
    • TABLE 88 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2018-2021 (THOUSAND UNITS)
    • TABLE 89 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2022-2030 (THOUSAND UNITS)
    • 10.1.1 OPERATIONAL DATA
    • TABLE 90 POWER RATING OF BESTSELLING FUEL-CELL VEHICLES
    • 10.1.2 ASSUMPTIONS
    • TABLE 91 ASSUMPTIONS: BY POWER OUTPUT
    • 10.1.3 RESEARCH METHODOLOGY
  • 10.2 <150 KW
    • 10.2.1 GROWING DEMAND FOR FUEL-CELL PASSENGER CARS TO DRIVE MARKET
    • TABLE 92 <150 KW: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (THOUSAND UNITS)
    • TABLE 93 <150 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 10.3 150-250 KW
    • 10.3.1 DEMAND FOR HIGH-POWER, HEAVY-DUTY VEHICLES TO DRIVE MARKET
    • TABLE 94 150-250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 95 150-250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 10.4 >250 KW
    • 10.4.1 LONG-HAUL TRUCKING TO PROVIDE AMPLE OPPORTUNITIES FOR SEGMENT GROWTH
    • TABLE 96 >250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 97 >250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
  • 10.5 KEY INDUSTRY INSIGHTS

11 AUTOMOTIVE FUEL CELL MARKET, BY FUEL TYPE

  • 11.1 INTRODUCTION
    • TABLE 98 FUEL TYPE USED IN FUEL CELLS VS. LI-ION BATTERY
  • 11.2 HYDROGEN
  • 11.3 METHANOL
  • 11.4 ETHANOL
  • 11.5 KEY INDUSTRY INSIGHTS

12 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS

  • 12.1 INTRODUCTION
    • FIGURE 60 INFRASTRUCTURE COST COMPARISON OF FCEVS AND BEVS
    • FIGURE 61 AUTOMOTIVE FUEL CELL MARKET, HYDROGEN FUEL POINTS BY REGION, 2020-2030 (UNITS)
    • TABLE 99 HYDROGEN FUEL POINTS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (UNIT)
    • TABLE 100 HYDROGEN FUEL POINTS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (FUEL POINTS)
    • 12.1.1 OPERATIONAL DATA
    • TABLE 101 AUTOMOTIVE HYDROGEN FUEL POINTS AS OF DECEMBER 2021
    • 12.1.2 ASSUMPTIONS
    • TABLE 102 ASSUMPTIONS: BY HYDROGEN FUEL POINTS
    • 12.1.3 RESEARCH METHODOLOGY
  • 12.2 ASIA OCEANIA
    • TABLE 103 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2018-2021 (FUEL POINTS)
    • TABLE 104 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2022-2030 (FUEL POINTS)
  • 12.3 EUROPE
    • TABLE 105 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2018-2021 (FUEL POINTS)
    • TABLE 106 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2022-2030 (FUEL POINTS)
  • 12.4 NORTH AMERICA
    • TABLE 107 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2018-2021 (FUEL POINTS)
    • TABLE 108 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2022-2030 (FUEL POINTS)
  • 12.5 KEY INDUSTRY INSIGHTS

13 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE

  • 13.1 INTRODUCTION
    • TABLE 109 INFRASTRUCTURE COST COMPARISON: FCEVS VS. BEVS
    • FIGURE 62 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE, 2022-2030 (THOUSAND UNITS)
    • TABLE 110 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE, 2018-2021 (THOUSAND UNITS)
    • TABLE 111 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE, 2022-2030 (THOUSAND UNITS)
    • 13.1.1 ASSUMPTIONS
    • TABLE 112 ASSUMPTIONS: BY FUEL CELL TYPE
    • 13.1.2 RESEARCH METHODOLOGY
  • 13.2 POLYMER ELECTROLYTE MEMBRANE FUEL CELL (PEMFC)
  • 13.3 DIRECT METHANOL FUEL CELL (DMFC)
  • 13.4 SOLID OXIDE FUEL CELL (SOFC)
  • 13.5 ALKALINE FUEL CELL (AFC)
  • 13.6 PHOSPHORIC ACID FUEL CELL (PAFC)
  • 13.7 KEY INDUSTRY INSIGHTS

14 AUTOMOTIVE FUEL CELL MARKET, BY REGION

  • 14.1 INTRODUCTION
    • TABLE 113 AUTOMOTIVE FUEL CELL TARGETS AROUND THE WORLD
    • FIGURE 63 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
    • TABLE 114 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018-2021 (THOUSAND UNITS)
    • TABLE 115 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022-2030 (THOUSAND UNITS)
    • TABLE 116 AUTOMOTIVE FUEL CELL MARKET STEPS TAKEN BY MAJOR COUNTRIES
  • 14.2 ASIA OCEANIA
    • FIGURE 64 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET SNAPSHOT
    • TABLE 117 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET - UPCOMING PROJECTS
    • TABLE 118 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS)
    • TABLE 119 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2022-2030 (THOUSAND UNITS)
    • 14.2.1 CHINA
      • 14.2.1.1 Adoption of zero-emission public transport buses to drive market
    • FIGURE 65 CHINESE FCEV DEMONSTRATION OF CITY CLUSTER POLICY
    • FIGURE 66 CHINESE FCEV SCENARIO
    • TABLE 120 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 121 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.2.2 JAPAN
      • 14.2.2.1 OEM plans for fuel cell vehicles to increase demand
    • TABLE 122 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 123 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.2.3 SOUTH KOREA
      • 14.2.3.1 Government efforts for hydrogen economy to drive market
    • TABLE 124 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 125 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.2.4 AUSTRALIA
      • 14.2.4.1 Plans for local manufacturing of fuel cells to boost market
    • TABLE 126 AUSTRALIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 127 AUSTRALIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.2.5 INDIA
      • 14.2.5.1 Increasing prices of petrol and diesel to boost market
    • TABLE 128 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 129 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
  • 14.3 EUROPE
    • FIGURE 67 EUROPE: AUTOMOTIVE FUEL CELL COMMERCIAL VEHICLE OUTLOOK
    • TABLE 130 EUROPE: HYDROGEN PLANS AND REGULATIONS
    • TABLE 131 EUROPE: RELEVANT EXPERIENCE/PRODUCTS OF OEMS
    • TABLE 132 EUROPE: TARGETS, VISIONS, AND PROJECTIONS
    • FIGURE 68 EUROPE: AUTOMOTIVE FUEL CELL MARKET, 2022-2030 (THOUSAND UNITS)
    • TABLE 133 EUROPE: AUTOMOTIVE FUEL CELL MARKET-UPCOMING PROJECTS
    • TABLE 134 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS)
    • TABLE 135 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2022-2030 (THOUSAND UNITS)
    • 14.3.1 BELGIUM
      • 14.3.1.1 Government initiatives for speeding up deployment of hydrogen FCEVs will drive market
    • TABLE 136 BELGIUM: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 137 BELGIUM: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.2 DENMARK
      • 14.3.2.1 Steady growth in hydrogen infrastructure to cater to FCEV growth
    • TABLE 138 DENMARK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 139 DENMARK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.3 FRANCE
      • 14.3.3.1 Presence of major OEMs to drive market growth
    • TABLE 140 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 141 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.4 GERMANY
      • 14.3.4.1 Fast development of hydrogen-refueling station to support market growth
    • TABLE 142 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 143 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.5 ITALY
      • 14.3.5.1 Electrification of public transport fleet to drive market
    • TABLE 144 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 145 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.6 NETHERLANDS
      • 14.3.6.1 Government initiatives to cater to market growth
    • TABLE 146 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 147 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.7 NORWAY
      • 14.3.7.1 Development of strong refueling station network to drive market
    • TABLE 148 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 149 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.8 SWEDEN
      • 14.3.8.1 Technological advancements to drive market growth
    • TABLE 150 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 151 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.9 SPAIN
      • 14.3.9.1 Government subsidy plans and investment initiatives to drive market
    • TABLE 152 SPAIN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 153 SPAIN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.10 SWITZERLAND
      • 14.3.10.1 Growing procurement of fuel cell vehicles from leading OEMs to drive market
    • TABLE 154 SWITZERLAND: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 155 SWITZERLAND: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.3.11 UK
      • 14.3.11.1 Plan for zero-emission public transport to drive market
    • TABLE 156 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 157 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
  • 14.4 NORTH AMERICA
    • FIGURE 69 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET SNAPSHOT
    • TABLE 158 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET-UPCOMING PROJECTS
    • TABLE 159 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2018-2021 (THOUSAND UNITS)
    • TABLE 160 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2022-2030 (THOUSAND UNITS)
    • 14.4.1 CANADA
      • 14.4.1.1 Presence of leading fuel cell suppliers to drive market
    • TABLE 161 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 162 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.4.2 MEXICO
      • 14.4.2.1 Future investments to drive market
    • TABLE 163 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 164 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)
    • 14.4.3 US
      • 14.4.3.1 Adoption by truck industry to drive market
    • FIGURE 70 US AUTOMOTIVE FUEL CELL OUTLOOK
    • TABLE 165 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS)
    • TABLE 166 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS)

15 COMPETITIVE LANDSCAPE

  • 15.1 OVERVIEW
  • 15.2 MARKET SHARE ANALYSIS
    • TABLE 167 MARKET SHARE ANALYSIS, 2021
    • FIGURE 71 MARKET SHARE ANALYSIS FOR AUTOMOTIVE FUEL CELL, 2021
    • FIGURE 72 TOP PUBLIC/LISTED PLAYERS THAT DOMINATED AUTOMOTIVE FUEL CELL MARKET DURING LAST FIVE YEARS
  • 15.3 COMPETITIVE SCENARIO
    • 15.3.1 DEALS
    • TABLE 168 DEALS, 2019-2022
    • 15.3.2 NEW PRODUCT DEVELOPMENTS
    • TABLE 169 NEW PRODUCT DEVELOPMENTS, 2019-2022
    • 15.3.3 OTHERS, 2019-2022
    • TABLE 170 EXPANSIONS, 2019-2022
  • 15.4 COMPETITIVE LEADERSHIP MAPPING FOR AUTOMOTIVE FUEL CELL MARKET
    • 15.4.1 STARS
    • 15.4.2 EMERGING LEADERS
    • 15.4.3 PERVASIVE PLAYERS
    • 15.4.4 EMERGING COMPANIES
    • FIGURE 73 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING FOR TOP MANUFACTURERS, 2021
    • TABLE 171 AUTOMOTIVE FUEL CELL MARKET: COMPANY FOOTPRINT, 2022
    • TABLE 172 AUTOMOTIVE FUEL CELL MARKET: COMPANY APPLICATION FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2022
    • TABLE 173 AUTOMOTIVE FUEL CELL MARKET: REGIONAL FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2022
  • 15.5 COMPETITIVE EVALUATION QUADRANT, OTHER KEY PLAYERS AND START-UPS
    • 15.5.1 PROGRESSIVE COMPANIES
    • 15.5.2 RESPONSIVE COMPANIES
    • 15.5.3 DYNAMIC COMPANIES
    • 15.5.4 STARTING BLOCKS
    • FIGURE 74 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING OTHER KEY PLAYERS, 2022
    • FIGURE 75 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING START-UPS, 2022
    • TABLE 174 AUTOMOTIVE FUEL CELL MARKET: DETAILED LIST OF KEY START-UPS

16 COMPANY PROFILES

(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) **

  • 16.1 KEY PLAYERS
    • 16.1.1 BALLARD POWER SYSTEMS
    • TABLE 175 BALLARD POWER SYSTEMS: BUSINESS OVERVIEW
    • FIGURE 76 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT
    • FIGURE 77 BALLARD POWER SYSTEMS: MACRO LANDSCAPE
    • FIGURE 78 BALLARD POWER SYSTEMS: FUTURE PLANS
    • TABLE 176 BALLARD POWER SYSTEMS: PRODUCTS OFFERED
    • TABLE 177 BALLARD POWER SYSTEMS: NEW PRODUCT DEVELOPMENTS
    • TABLE 178 BALLARD POWER SYSTEMS: DEALS
    • 16.1.2 TOYOTA MOTOR CORPORATION
    • TABLE 179 TOYOTA MOTOR CORPORATION: BUSINESS OVERVIEW
    • FIGURE 79 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
    • FIGURE 80 TOYOTA MOTOR CORPORATION: GLOBAL DATA, BY REGION
    • TABLE 180 TOYOTA MOTOR CORPORATION: PRODUCTS OFFERED
    • TABLE 181 TOYOTA MOTOR CORPORATION: NEW PRODUCT DEVELOPMENTS
    • TABLE 182 TOYOTA MOTOR CORPORATION: DEALS
    • 16.1.3 HYUNDAI GROUP
    • TABLE 183 HYUNDAI GROUP: BUSINESS OVERVIEW
    • FIGURE 81 HYUNDAI GROUP: COMPANY SNAPSHOT
    • TABLE 184 HYUNDAI GROUP: PRODUCTS OFFERED
    • TABLE 185 HYUNDAI GROUP: NEW PRODUCT DEVELOPMENTS
    • TABLE 186 HYUNDAI GROUP: DEALS
    • 16.1.4 HYSTER-YALE
    • FIGURE 82 HYSTER-YALE SUBSIDIARY NUVERA AT A GLANCE
    • TABLE 187 HYSTER-YALE: BUSINESS OVERVIEW
    • FIGURE 83 HYSTER-YALE: COMPANY SNAPSHOT
    • TABLE 188 HYSTER-YALE: PRODUCTS OFFERED
    • TABLE 189 HYSTER-YALE: NEW PRODUCT DEVELOPMENTS
    • TABLE 190 HYSTER-YALE GROUP: DEALS
    • TABLE 191 HYSTER-YALE: OTHERS
    • 16.1.5 PLUG POWER
    • TABLE 192 PLUG POWER: BUSINESS OVERVIEW
    • FIGURE 84 PLUG POWER: COMPANY SNAPSHOT
    • FIGURE 85 PLUG POWER: JOINT VENTURE WITH RENAULT
    • TABLE 193 PLUG POWER: PRODUCTS OFFERED
    • TABLE 194 PLUG POWER: NEW PRODUCT DEVELOPMENTS
    • TABLE 195 PLUG POWER: DEALS
    • TABLE 196 PLUG POWER: OTHERS
    • 16.1.6 CUMMINS
    • FIGURE 86 CUMMINS: PARTICIPATION IN HYDROGEN ECONOMY
    • TABLE 197 CUMMINS: BUSINESS OVERVIEW
    • FIGURE 87 CUMMINS: COMPANY SNAPSHOT
    • TABLE 198 CUMMINS: PRODUCTS OFFERED
    • TABLE 199 CUMMINS: NEW PRODUCT DEVELOPMENTS
    • TABLE 200 CUMMINS: DEALS
    • TABLE 201 CUMMINS: OTHERS
    • 16.1.7 ADVENT TECHNOLOGIES HOLDINGS
    • TABLE 202 ADVENT TECHNOLOGIES HOLDINGS: BUSINESS OVERVIEW
    • FIGURE 88 ADVENT TECHNOLOGIES HOLDINGS: COMPANY SNAPSHOT
    • FIGURE 89 ADVENT TECHNOLOGIES HOLDINGS: OFFERINGS
    • TABLE 203 ADVENT TECHNOLOGIES HOLDINGS: PRODUCTS OFFERED
    • TABLE 204 ADVENT TECHNOLOGIES HOLDINGS: DEALS
    • 16.1.8 ITM POWER
    • TABLE 205 ITM POWER: BUSINESS OVERVIEW
    • FIGURE 90 ITM POWER: COMPANY SNAPSHOT
    • FIGURE 91 ITM POWER: KEY PARTNERSHIPS
    • TABLE 206 ITM POWER: PRODUCTS OFFERED
    • TABLE 207 ITM POWER: DEALS
    • TABLE 208 ITM POWER: OTHERS
    • 16.1.9 CERES POWER
    • FIGURE 92 CERES POWER: PROGRESS WITH KEY COMMERCIAL PARTNERSHIP
    • TABLE 209 CERES POWER: BUSINESS OVERVIEW
    • FIGURE 93 CERES POWER: COMPANY SNAPSHOT
    • TABLE 210 CERES POWER: PRODUCTS OFFERED
    • TABLE 211 CERES POWER: NEW PRODUCT DEVELOPMENTS
    • TABLE 212 CERES POWER: DEALS
    • TABLE 213 CERES POWER: OTHERS
    • 16.1.10 NEDSTACK
    • TABLE 214 NEDSTACK: BUSINESS OVERVIEW
    • TABLE 215 NEDSTACK: PRODUCTS OFFERED
    • TABLE 216 NEDSTACK: DEALS
    • 16.1.11 DOOSAN GROUP
    • TABLE 217 DOOSAN GROUP: BUSINESS OVERVIEW
    • FIGURE 94 DOOSAN GROUP: COMPANY SNAPSHOT
    • TABLE 218 DOOSAN GROUP: PRODUCTS OFFERED
    • TABLE 219 DOOSAN GROUP: NEW PRODUCT DEVELOPMENTS
    • TABLE 220 DOOSAN GROUP: DEALS
    • 16.1.12 PROTON MOTOR POWER SYSTEMS
    • TABLE 221 PROTON MOTOR POWER SYSTEMS: BUSINESS OVERVIEW
    • FIGURE 95 PROTON MOTOR POWER SYSTEMS: COMPANY SNAPSHOT
    • TABLE 222 PROTON MOTOR POWER SYSTEMS: PRODUCTS OFFERED
    • TABLE 223 PROTON MOTOR POWER SYSTEMS: NEW PRODUCT DEVELOPMENTS
    • TABLE 224 PROTON MOTOR POWER SYSTEMS: DEALS
    • 16.1.13 BORGWARNER
    • TABLE 225 BORGWARNER: BUSINESS OVERVIEW
    • FIGURE 96 BORGWARNER: COMPANY SNAPSHOT
    • FIGURE 97 BORGWARNER: CUSTOMER DIVERSITY WORLDWIDE
    • TABLE 226 BORGWARNER: PRODUCTS OFFERED
    • TABLE 227 BORGWARNER: DEALS
    • 16.1.14 TOSHIBA
    • TABLE 228 TOSHIBA: BUSINESS OVERVIEW
    • FIGURE 98 TOSHIBA: COMPANY SNAPSHOT
    • FIGURE 99 TOSHIBA: CYBER PHYSICAL SYSTEMS (CPS) TECHNOLOGY
    • TABLE 229 TOSHIBA: PRODUCTS OFFERED
    • TABLE 230 TOSHIBA: DEALS
    • 16.1.15 POWERCELL AB
    • TABLE 231 POWERCELL AB: BUSINESS OVERVIEW
    • FIGURE 100 POWERCELL AB: COMPANY SNAPSHOT
    • TABLE 232 POWERCELL AB: PRODUCTS OFFERED
    • TABLE 233 POWERCELL AB: DEALS
  • 16.2 OTHER PLAYERS
    • 16.2.1 PANASONIC
    • 16.2.2 TORAY INDUSTRIES
    • 16.2.3 SUNRISE POWER CO. LTD
    • 16.2.4 BOSCH
    • 16.2.5 INTELLIGENT ENERGY
    • 16.2.6 SYMBIO
    • 16.2.7 ELRINGKLINGER AG
    • 16.2.8 SWISS HYDROGEN POWER
    • 16.2.9 DANA INCORPORATED
    • 16.2.10 FUEL CELL SYSTEMS MANUFACTURING LLC
    • 16.2.11 HONDA
    • 16.2.12 VOLKSWAGEN AG
    • 16.2.13 DAIMLER
    • 16.2.14 RIVERSIMPLE
    • 16.2.15 NIKOLA
    • 16.2.16 SAIC MOTORS
    • 16.2.17 VAN HOOL
    • 16.2.18 MEBIUS FUEL CELL
    • 16.2.19 HYDRA ENERGY CORPORATION
    • 16.2.20 ISUZU MOTORS
    • 16.2.21 FORD MOTOR COMPANY
    • 16.2.22 FUELCELL ENERGY
    • 16.2.23 BLOOM ENERGY
    • 16.2.24 SUNFIRE
    • 16.2.25 IONOMR INNOVATIONS
    • 16.2.26 BRAMBLE ENERGY
  • *Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

17 RECOMMENDATIONS BY MARKETSANDMARKETS

  • 17.1 US, JAPAN, SOUTH KOREA, AND CHINA ARE KEY FOCUS COUNTRIES FOR AUTOMOTIVE FUEL CELL MARKET
  • 17.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR FUEL CELL COMMERCIAL VEHICLES
  • 17.3 CONCLUSION

18 APPENDIX

  • 18.1 KEY INSIGHTS OF INDUSTRY EXPERTS
  • 18.2 DISCUSSION GUIDE
  • 18.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 18.4 AVAILABLE CUSTOMIZATION
  • 18.5 RELATED REPORTS
  • 18.6 AUTHOR DETAILS
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