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Global Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Stack, Power Conditioner), Technology (Alkaline Fuel Cells, Direct Methanol Fuel Cells, Molten Carbonate Fuel Cells), Output, Vehicle Type - Forecast 2024-2030

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    Report

  • 180 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4904764
UP TO OFF until Dec 31st 2024
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The Automotive Fuel Cell Market size was estimated at USD 1.27 billion in 2023, USD 1.39 billion in 2024, and is expected to grow at a CAGR of 10.63% to reach USD 2.57 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Fuel Cell Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Fuel Cell Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Fuel Cell Market, highlighting leading vendors and their innovative profiles. These include Air Liquide S.A., Ballard Power Systems, Daimler AG, Daimler AG by Mercedes-Benz Group AG, DENSO CORPORATION, Doosan Corporation, FuelCell Energy, Inc., Hyundai Motor Company, Infineon Technologies AG, ITM Power PLC, Nedstack Fuel Cell Technology B.V., Nikola Corporation, Nuvera Fuel Cells, LLC, Plug Power Inc., PowerCell Sweden AB, Proton Motor Fuel Cell GmbH, Riversimple, SAIC Motor Corporation Limited, SolydEra SpA, Stellantis NV, Swiss Hydrogen SA, Toshiba Corporation, Toyota Motor Corporation, Umicore, and WATT Fuel Cell Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive Fuel Cell Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Fuel Processor
    • Fuel Stack
    • Power Conditioner
  • Technology
    • Alkaline Fuel Cells
    • Direct Methanol Fuel Cells
    • Molten Carbonate Fuel Cells
    • Phosphoric Acid Fuel Cells
    • Proton-Exchange Membrane Fuel Cells
    • Solid Oxide Fuel Cells
  • Output
    • 100-200 KW
    • < 100 KW
    • >200 KW
  • Vehicle Type
    • Agricultural Vehicles
    • Buses & Coaches
    • Forklift, Port Vehicle & Internal Container Handling Vehicle
    • Heavy & Special Duty Truck
    • Light Electric Vehicle
    • Medium & Heavy Duty Vehicle
    • Passenger Cars
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Automotive Fuel Cell Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Fuel Cell Market?
  3. What are the technology trends and regulatory frameworks in the Automotive Fuel Cell Market?
  4. What is the market share of the leading vendors in the Automotive Fuel Cell Market?
  5. Which modes and strategic moves are suitable for entering the Automotive Fuel Cell Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Automotive Fuel Cell Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Surge in Application Attributed to Better Fuel Efficiency, Fast Refueling and High Driving Range
5.1.1.2. Increasing Penetration due to Reduced Oil Dependency
5.1.1.3. Potential Demand for Fuel Cells in a Low-Carbon Economy
5.1.2. Restraints
5.1.2.1. Operational and Technical Concerns Coupled with Availability of Subsidized BEVs and HEVs
5.1.3. Opportunities
5.1.3.1. Emerging Initiatives from Government and Private Organizations
5.1.3.2. The Growing Integration of Fuel Cell in Commercial and Heavy Vehicles
5.1.4. Challenges
5.1.4.1. High Vehicle Cost and Insufficient Hydrogen Infrastructure
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Automotive Fuel Cell Market, by Component
6.1. Introduction
6.2. Fuel Processor
6.3. Fuel Stack
6.4. Power Conditioner
7. Automotive Fuel Cell Market, by Technology
7.1. Introduction
7.2. Alkaline Fuel Cells
7.3. Direct Methanol Fuel Cells
7.4. Molten Carbonate Fuel Cells
7.5. Phosphoric Acid Fuel Cells
7.6. Proton-Exchange Membrane Fuel Cells
7.7. Solid Oxide Fuel Cells
8. Automotive Fuel Cell Market, by Output
8.1. Introduction
8.2. 100-200 KW
8.3. < 100 KW
8.4. >200 KW
9. Automotive Fuel Cell Market, by Vehicle Type
9.1. Introduction
9.2. Agricultural Vehicles
9.3. Buses & Coaches
9.4. Forklift, Port Vehicle & Internal Container Handling Vehicle
9.5. Heavy & Special Duty Truck
9.6. Light Electric Vehicle
9.7. Medium & Heavy Duty Vehicle
9.8. Passenger Cars
10. Americas Automotive Fuel Cell Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Automotive Fuel Cell Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Automotive Fuel Cell Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Air Liquide S.A.
14.1.2. Ballard Power Systems
14.1.3. Daimler AG
14.1.4. Daimler AG by Mercedes-Benz Group AG
14.1.5. DENSO CORPORATION
14.1.6. Doosan Corporation
14.1.7. FuelCell Energy, Inc.
14.1.8. Hyundai Motor Company
14.1.9. Infineon Technologies AG
14.1.10. ITM Power PLC
14.1.11. Nedstack Fuel Cell Technology B.V.
14.1.12. Nikola Corporation
14.1.13. Nuvera Fuel Cells, LLC
14.1.14. Plug Power Inc.
14.1.15. PowerCell Sweden AB
14.1.16. Proton Motor Fuel Cell GmbH
14.1.17. Riversimple
14.1.18. SAIC Motor Corporation Limited
14.1.19. SolydEra SpA
14.1.20. Stellantis NV
14.1.21. Swiss Hydrogen SA
14.1.22. Toshiba Corporation
14.1.23. Toyota Motor Corporation
14.1.24. Umicore
14.1.25. WATT Fuel Cell Corporation
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. AUTOMOTIVE FUEL CELL MARKET RESEARCH PROCESS
FIGURE 2. AUTOMOTIVE FUEL CELL MARKET SIZE, 2023 VS 2030
FIGURE 3. AUTOMOTIVE FUEL CELL MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. AUTOMOTIVE FUEL CELL MARKET DYNAMICS
FIGURE 7. AUTOMOTIVE FUEL CELL MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. AUTOMOTIVE FUEL CELL MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. AUTOMOTIVE FUEL CELL MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. AUTOMOTIVE FUEL CELL MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AUTOMOTIVE FUEL CELL MARKET SIZE, BY OUTPUT, 2023 VS 2030 (%)
FIGURE 12. AUTOMOTIVE FUEL CELL MARKET SIZE, BY OUTPUT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2030 (%)
FIGURE 14. AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS AUTOMOTIVE FUEL CELL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS AUTOMOTIVE FUEL CELL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES AUTOMOTIVE FUEL CELL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES AUTOMOTIVE FUEL CELL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC AUTOMOTIVE FUEL CELL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC AUTOMOTIVE FUEL CELL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE FUEL CELL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA AUTOMOTIVE FUEL CELL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. AUTOMOTIVE FUEL CELL MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. AUTOMOTIVE FUEL CELL MARKET SHARE, BY KEY PLAYER, 2023

Companies Mentioned

  • Air Liquide S.A.
  • Ballard Power Systems
  • Daimler AG
  • Daimler AG by Mercedes-Benz Group AG
  • DENSO CORPORATION
  • Doosan Corporation
  • FuelCell Energy, Inc.
  • Hyundai Motor Company
  • Infineon Technologies AG
  • ITM Power PLC
  • Nedstack Fuel Cell Technology B.V.
  • Nikola Corporation
  • Nuvera Fuel Cells, LLC
  • Plug Power Inc.
  • PowerCell Sweden AB
  • Proton Motor Fuel Cell GmbH
  • Riversimple
  • SAIC Motor Corporation Limited
  • SolydEra SpA
  • Stellantis NV
  • Swiss Hydrogen SA
  • Toshiba Corporation
  • Toyota Motor Corporation
  • Umicore
  • WATT Fuel Cell Corporation

Methodology

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Table Information