Quick Summary:
Navigate the fast-paced world of renewable energy with our comprehensive market research report on the global Automotive Fuel Cell Systems industry. By 2030, we predict that the market will surpass 754.8 thousand units, a dramatic escalation from the estimated 19.6 thousand units in 2022. Such explosive growth reflects the increasing adoption of green energy alternatives in the automotive industry and our report stands ready to equip you with the insights you need to make strategic decisions related to this expansion.
Delving into the report, you'll find we have meticulously analyzed key segments, such as Fuel Stack and Fuel Processor, and their projected growth trends. The significant market players like Toyota and Honda have been also expertly dissected. The report benchmarks the U.S. market, projected to grow substantially, and presents a keen insight into the expected remarkable rise of the Chinese market. You’ll find no clearer navigator for the evolving landscape of the Automotive Fuel Cell Systems market. Stand poised at the cusp of this energy revolution with the confidence our report brings.
Global Automotive Fuel Cell Systems Market to Reach 754.8 Thousand Units by 2030
The global market for Automotive Fuel Cell Systems estimated at 19.6 Thousand Units in the year 2022, is projected to reach a revised size of 754.8 Thousand Units by 2030, growing at a CAGR of 57.9% over the analysis period 2022-2030. Fuel Stack, one of the segments analyzed in the report, is projected to record a 57.6% CAGR and reach 369.1 Thousand Units by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fuel Processor segment is readjusted to a revised 59.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at 5.7 Thousand Units, While China is Forecast to Grow at 54.2% CAGR
The Automotive Fuel Cell Systems market in the U.S. is estimated at 5.7 Thousand Units in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 113.1 Thousand Units by the year 2030 trailing a CAGR of 54.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 52.2% and 49.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 39% CAGR.Select Competitors (Total 18 Featured) -
- Ballard Power Systems, Inc.
- Ceres Power Holdings PLC
- Daimler AG
- Honda Motor Co., Ltd.
- Hydrogenics Corporation
- Hyundai Motor Company
- ITM Power PLC
- Nedstack fuel cell technology BV
- Nissan Motor Co., Ltd.
- Nuvera Fuel Cells LLC
- Panasonic Corporation
- Plug Power Inc.
- Toshiba Corporation
- Toyota Motor Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 19.6 Thousand Units |
| Forecasted Market Value by 2030 | 754.8 Thousand Units |
| Compound Annual Growth Rate | 57.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Ballard Power Systems, Inc.
- Ceres Power Holdings PLC
- Daimler AG
- Honda Motor Co., Ltd.
- Hydrogenics Corporation
- Hyundai Motor Company
- ITM Power PLC
- Nedstack fuel cell technology BV
- Nissan Motor Co., Ltd.
- Nuvera Fuel Cells LLC
- Panasonic Corporation
- Plug Power Inc.
- Toshiba Corporation
- Toyota Motor Corporation
