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Global Market for Hydrogen Fuel Cell Vehicles, 2017

  • ID: 4200873
  • Report
  • April 2017
  • Region: Global
  • 143 Pages
  • Information Trends
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Cumulatively, Over 22.2 Million Hydrogen Fuel Cell Vehicles Will Be Sold or Leased Worldwide by 2032

FEATURED COMPANIES

  • BMW
  • General Motors
  • Kia
  • Mitsubishi
  • Renault
  • Tata Motors
  • MORE

This is a comprehensive market research report on the global market for hydrogen fuel cell vehicles. Fuel cell technology can be used in virtually every kind of transportation, including cars, trucks, buses, forklifts, motorcycles, bicycles, airplanes, boats, submarines, and trams. However, the focus of this study is light vehicles, which includes cars, minivans and small trucks. These vehicles have gross weight of up to 6 metric tons or North American Class 5 gross vehicle weight rating.

The fuel cell market is in its incipience but poised for growth. This report carries out an in-depth analysis of this emerging market. The report discusses major players and product rollouts. In addition, it provides both long-term and short-term forecasts. The report contains detailed data for each region and for major countries in each region.

The report divides the timeline for hydrogen fuel cell vehicle rollouts into three time periods - 2015-2020, 2021-2026, and 2027-2032 - and provides forecasts for each of them.

Hydrogen fuel cell electric vehicles represent the next generation of electric drive vehicles, and these vehicles have entered commercialization phase. With zero emission capability, these vehicles represent the future of the automobile.

Close to 2,500 hydrogen fuel cell vehicles were sold or leased in 2016, representing a three-fold increase compared to 2015. While the numbers in terms of sales and leases are still miniscule compared to the market, they represent a trend that portends well for the future of hydrogen fuel cell vehicles.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BMW
  • General Motors
  • Kia
  • Mitsubishi
  • Renault
  • Tata Motors
  • MORE

1 Executive Summary

2 Scope of the Report

3 Fuel Cell Technology
3.1 Early Fuel Cells
3.2 Modern-Day Fuel Cells
3.3 Proton Exchange Membrane Fuel Cell
3.4 Platinum as a Catalyst
3.5 Fuel Cells and Batteries
3.6 Durability of Fuel Cell Systems
3.7 Hydrogen Storage

4 Cost Factors
4.1 Cost of Fuel Cells
4.2 Costs of Production and Delivery
4.3 Cost of Platinum Catalyst

5 Fuel Cell Vehicle
5.1 Fuel Cell Vehicles vs. Gasoline-Powered Vehicles
5.2 Fuel Cell Vehicles vs. Battery-Electric Vehicles
5.3 Fuel Cell Vehicles vs. Plug-In Hybrid Vehicles

6 Pros and Cons of Fuel Cell Vehicles
6.1 Pros
6.2 Cons

7 Growth Factors
7.1 Regulatory Requirements
7.2 Availability of Hydrogen
7.3 Single Standard
7.4 Hydrogen Station Costs and Availability
7.5 Government Support

8 Industry Collaboration
8.1 Hydrogen Council
8.2 Toyota and Mazda
8.3 Toyota and BMW
8.4 Renault-Nissan Alliance and AFCC
8.5 Volkswagen and Ballard Power Systems
8.6 Honda Motor Co. and General Motors
8.7 H2USA
8.8 Collaborative Initiatives in Europe
8.8.1 European Union
8.8.2 Fuel Cells and Hydrogen Joint Undertaking
8.8.3 HyTEC Project
8.8.4 HyFive Project
8.8.5 H2ME

9 Asia Pacific: Deployments
9.1 Japan
9.2 South Korea
9.3 China
9.4 Rest of Asia Pacific
9.4.1 Australia
9.4.2 India
9.4.3 Taiwan
9.4.4 Other Asia Pacific Countries

10 EMEA: Deployments
10.1 Nordic Region
10.2 Germany
10.3 The U.K.
10.4 France
10.5 Rest of EMEA

11 Deployments: The Americas
11.1 U.S.
11.1.1 Vehicle Rollouts
11.1.2 Federal Incentives
11.1.3 State Incentives
11.2 Canada
11.3 Rest of The Americas
11.3.1 Brazil
11.3.2 Other Latin American Countries

12 Automaker Strategies
12.1 Toyota
12.1.1 Introduction
12.1.2 Deployments by Brand
12.1.3 Rollouts by Region
12.1.4 Strategic Direction
12.2 Hyundai
12.2.1 Introduction
12.2.2 Deployments by Brand
12.2.3 Rollouts by Region
12.2.4 Strategic Direction
12.3 Honda
12.3.1 Introduction
12.3.2 Deployments by Brand
12.3.3 Rollouts by Regions
12.3.4 Strategic Direction
12.4 Tata Motors
12.4.1 Vehicle Rollouts
12.4.2 Other Initiatives
12.5 Daimler AG (Mercedes-Benz)
12.5.1 Introduction
12.5.2 Initial Rollouts
12.5.3 Commercial Rollout
12.5.4 Other Initiatives
12.5.5 Strategic Direction
12.6 Kia
12.6.1 Introduction
12.6.2 Vehicle Rollouts
12.6.3 Strategic Direction
12.7. Volkswagen Group (Audi)
12.7.1 Introduction
12.7.2 Vehicle Rollouts
12.7.3 Strategic Direction
12.8. Ford
12.8.1 Introduction
12.8.2 Vehicle Rollouts
12.8.3 Next Generation Fuel Cell Vehicle
12.8.4 Strategic Direction
12.9 Nissan
12.9.1 Introduction
12.9.2 Vehicle Rollouts
12.9.3 Other Initiatives
12.9.4 Strategic Direction
12.10. Renault
12.10.1 Vehicle Rollouts
12.10.2 Other Initiatives
12.10.3 Strategic Direction
12.11 General Motors
12.11.1 Introduction
12.11.2 Initial Rollouts
12.11.3 Strategic Direction
12.12. BMW
12.12.1 Introduction
12.12.2 Vehicles Rollouts
12.12.3 Next-Generation
12.12.4 Strategic Direction
12.13 Mazda
12.13.1 Introduction
12.13.2 Vehicle Rollouts
12.13.3 Strategic Direction
12.14 SAIC
12.14.1 Introduction
12.14.2 Vehicle Rollouts
12.14.3 Other Initiatives
12.14.4 Strategic Direction
12.15 Mitsubishi
12.15.1 Introduction
12.15.2 Vehicle Rollouts
12.15.3 Strategic Direction
12.16 Suzuki
12.16.1 Vehicle Rollouts
12.16.2 Other Initiatives
12.16.3 Strategic Direction
12.17 Other Automakers
12.17.1 Fiat Chrysler Automobiles
12.17.2 PSA Peugeot Citroën
12.17.3 Volvo
12.17.4 Mahindra & Mahindra

13 Market Sizing and Forecasts
13.1 Market Size and Market Share
13.2 Fuel Cell Vehicles Sales/Leases Forecast
13.2.1 Global Unit Sales/Leases
13.1.2 Asia-Pacific Unit Sales/Leases
13.1.3 EMEA Unit Sales/Leases
13.1.4 Americas Unit Sales/Leases
13.2 Revenue Forecast
13.2.1 Global Revenue Forecast
13.2.2 Asia-Pacific
13.2.3 EMEA
13.2.4 Americas

14 Future of Fuel Cell Vehicles
14.1 Prerequisites to Market Growth
14.2 Adoption Drivers
14.3 Comparative Strengths
14.4 Fuel Cell Vehicles Availability
14.5 Fuel Cell Vehicles Ecosystem
14.6 Availability of Hydrogen Infrastructure
14.7 Role of Fuel Cell Vehicles in Zero-Carbon Mobility

15 Key Findings

16 Recommendations

List of Figures

Figure 1: Hydrogen Fuel Cell Vehicles Rollout Projection Summary
Figure 2: Hydrogen Fuel Cell Vehicle Revenue Projection Summary
Figure 3: Annual Global Unit Sales of Fuel Cell Vehicles, 2015-2032
Figure 4: Regional Share of Global Cumulative Sales, 2015-2032
Figure 5: Regional Share of Global Cumulative Sales, 2015-2020
Figure 6: Regional Share of Global Cumulative Sales, 2021-2026
Figure 7: Regional Share of Global Cumulative Sales, 2027-2032
Figure 8: Fuel Cell Vehicle Unit Sales in Asia-Pacific, 2015-2032
Figure 9: Regional Share of Asia-Pacific Cumulative Sales, 2015-2032
Figure 10: Regional Share of Asia-Pacific Cumulative Sales, 2015-2020
Figure 11: Regional Share of Asia-Pacific Cumulative Sales, 2021-2026
Figure 12: Regional Share of Asia-Pacific Cumulative Sales, 2027-2032
Figure 13: Fuel Cell Vehicle Unit Sales in EMEA, 2015-2032
Figure 14: Regional Share of EMEA Cumulative Sales, 2015-2032
Figure 15: Regional Share of EMEA Cumulative Sales, 2015-2020
Figure 16: Regional Share of EMEA Cumulative Sales, 2021-2026
Figure 17: Regional Share of EMEA Cumulative Sales, 2027-2032
Figure 18: Fuel Cell Vehicle Unit Sales in Americas, 2015-2032
Figure 19: Regional Share of Americas Cumulative Sales, 2015-2032
Figure 20: Regional Share of Americas Cumulative Unit Sales, 2015-2020
Figure 21: Regional Share of Americas Cumulative Unit Sales, 2021-2026
Figure 22: Regional Share of Americas Cumulative Unit Sales, 2027-2032
Figure 23: Annual Global Sales Revenue ($), 2015-2032
Figure 24: Regional Share of Global Cumulative Revenue, 2015-2032
Figure 25: Regional Share of Global Cumulative Revenue, 2015-2020
Figure 26: Regional Share of Global Cumulative Revenue, 2021-2026
Figure 27: Regional Share of Global Cumulative Revenue, 2027-2032
Figure 28: Annual Asia-Pacific Sales Revenue ($), 2015-2032
Figure 29: Regional Share of Asia-Pacific Cumulative Revenue, 2015-2032
Figure 30: Regional Share of Asia-Pacific Cumulative Revenue, 2015-2020
Figure 31: Regional Share of Asia-Pacific Cumulative Revenue, 2021-2026
Figure 32: Regional Share of Asia-Pacific Cumulative Revenue, 2027-2032
Figure 33: Annual EMEA Sales Revenue ($), 2015-2032
Figure 34: Regional Share of EMEA Cumulative Revenue, 2015-2032
Figure 35: Regional Share of EMEA Cumulative Revenue, 2015-2020
Figure 36: Regional Share of EMEA Cumulative Revenue, 2021-2026
Figure 37: Regional Share of EMEA Cumulative Revenue, 2027-2032
Figure 38: Annual Americas Sales Revenue ($), 2015-2032
Figure 39: Regional Share of Americas Cumulative Revenue, 2015-2032
Figure 40: Regional Share of Americas Cumulative Revenue, 2015-2020
Figure 41: Regional Share of Americas Cumulative Revenue, 2021-2026
Figure 42: Regional Share of Americas Cumulative Revenue, 2027-2032

List of Tables

Table 1: Fuel Cell Vehicle Unit Sales by Automaker and Region, 2015
Table 2: Fuel Cell Vehicle Unit Sales by Automaker and Region, 2016
Table 3: Global Fuel Cell Vehicle Unit Sales, 2015-2020
Table 4: Global Fuel Cell Vehicle Unit Sales, 2021-2026
Table 5: Global Fuel Cell Vehicle Unit Sales, 2027-2032
Table 6: Fuel Cell Vehicle Unit Sales in Asia-Pacific, 2015-2020
Table 7: Fuel Cell Vehicle Unit Sales in Asia-Pacific, 2021-2026
Table 8: Fuel Cell Vehicle Unit Sales in Asia-Pacific, 2027-2032
Table 9: Fuel Cell Vehicle Unit Sales in EMEA, 2015-2020
Table 10: Fuel Cell Vehicle Unit Sales in EMEA, 2021-2026
Table 11: Fuel Cell Vehicle Unit Sales in EMEA, 2027-2032
Table 12: Fuel Cell Vehicle Unit Sales in Americas, 2015-2020
Table 13: Fuel Cell Vehicle Unit Sales in Americas, 2021-2026
Table 14: Fuel Cell Vehicle Unit Sales in Americas, 2027-2032
Table 15: Global Fuel Cell Vehicle Sales Revenue ($), 2015-2020
Table 16: Global Fuel Cell Vehicle Sales Revenue ($), 2021-2026
Table 17: Global Fuel Cell Vehicle Sales Revenue ($), 2027-2032
Table 18: Asia-Pacific Fuel Cell Vehicle Sales Revenue ($), 2015-2020
Table 19: Asia-Pacific Fuel Cell Vehicle Sales Revenue ($), 2021-2026
Table 20: Asia-Pacific Fuel Cell Vehicle Sales Revenue ($), 2027-2032
Table 21: EMEA Fuel Cell Vehicle Sales Revenue ($), 2015-2020
Table 22: EMEA Fuel Cell Vehicle Sales Revenue ($), 2021-2026
Table 23: EMEA Fuel Cell Vehicle Sales Revenue ($), 2027-2032
Table 24: Americas Fuel Cell Vehicle Sales Revenue ($), 2015-2020
Table 25: Americas Fuel Cell Vehicle Sales Revenue ($), 2021-2026
Table 26: Americas Fuel Cell Vehicles Sales Revenue ($), 2027-2032

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FEATURED COMPANIES

  • BMW
  • General Motors
  • Kia
  • Mitsubishi
  • Renault
  • Tata Motors
  • MORE

With only three major competitors in the market, Toyota generated over 80 percent in sales in 2016. Hyundai had second highest sales, followed by Honda. The market will become more competitive as Mercedes-Benz rollouts out a fuel cell vehicle in the second half of 2017, followed by several other automakers over the next few years.

Current customers of these vehicles include vehicle fleets, government agencies, and early adopters. Until a critical mass of customers is reached in the 2020’s, the market will remain confined to early adopters and affluent segments of society.

The following developments point to a bright future for hydrogen fuel cell vehicles:

  • Widespread deployments of hydrogen fueling stations in several regions of the world.
  • Emergence of public-private partnerships to support these deployments and to drive the uptake of hydrogen fuel cell vehicles
  • Serious spending on R&D to drive component costs and fueling infrastructure costs down to make hydrogen fuel cell vehicles cost-competitive with other vehicles.

By 2020, sufficient hydrogen fueling infrastructures will be in place in several regions of the world, giving an initial boost to the market for these vehicles. As fueling infrastructures further expand during the 2020’s, hydrogen fuel cell vehicles will begin to garner even greater market acceptance.

Cumulatively, over 22.2 million hydrogen fuel cell vehicles be sold or leased worldwide by 2032. These sales will generate collective revenues upwards of $1.1 trillion for the auto industry by 2032. Information Trends projects that by 2050, hydrogen fuel cell vehicles will become the fastest growing segment of the global automobile market.

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  • BMW
  • Daimler AG (Mercedes-Benz)
  • Fiat Chrysler Automobiles
  • Ford
  • General Motors
  • Honda
  • Hyundai
  • Kia
  • Mahindra & Mahindra
  • Mazda
  • Mitsubishi
  • Nissan
  • PSA Peugeot Citroën
  • Renault
  • SAIC
  • Suzuki
  • Tata Motors
  • Toyota
  • Volkswagen Group (Audi)
  • Volvo
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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