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Automotive Fuel Cell System Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 5012415
  • Report
  • August 2020
  • Region: Global
  • 80 pages
  • Mordor Intelligence
until Sep 30th 2021


  • Ceramic Fuel Cell Ltd
  • Delphi Technologies
  • Doosan Fuel Cell Co. Ltd
  • Hydrogenics
  • Nuvera Fuel Cell
  • Oorja Fuel Cell
  • MORE
The automotive fuel cell system market is anticipated to register a CAGR of over 13% during the forecast period, 2020-2025.
  • The automotive fuel cell market is a revolutionary development that reduces the cost of infrastructure and other resources. The fuel cells use either hydrogen or methane as the primary energy provider. Both the fuel cells are cleaner sources of fuel, as against the conventional lithium-ion battery cells.
  • Eight of the world’s largest automobile manufacturers have plans to commercialize fuel cell vehicles (FCVs) by 2025. With the recent Volkswagen emissions scandal, China has made efforts to promote fuel cell technology in automobiles.
  • In 2015, China had initiated an agenda to produce 333 fuel cell-based buses and cars in the country to cut down on conventional fuel emissions. China’s 13th Five-Year Plan may have a great impact on fuel cells, as it focuses on clean energy and technology.
  • Governments have been increasingly investing in alternative sources of energy, such as fuel cells. As fuel cells emit no greenhouse gases (GHG) and pollutants, they can impact the environment positively. Thus, governments have been taking initiatives, making investments, and promoting the use of fuel cells.
  • The Asia-Pacific region registered the highest market share, followed closely by Europe and North America.
Key Market Trends

Rise in Demand for Alternative Fuel to Drive Market

The hydrogen market, which is a segment of fuel cell market, has great potential as compared to biogas, natural gas, methanol, and hydrocarbons. The low density of fuel cell electric vehicles (FCEVs) compared to gasoline, and the fact that fuel cell equipped vehicles are not completely green like pure electric vehicles have been restraining factors for the automotive fuel cell market.

Fuel cells convert hydrogen from a variety of sources into electricity through a chemical reaction with oxygen, yielding only water as an end product. Some fuel cell technologies, such as those using proton exchange membranes, need very clean hydrogen to operate well, while others, such as direct methanol fuel cells, have been made to run on other fuels. It has also developed a way to combine its fuel cells with natural gas turbines, using the fuel cell's excess heat to boost their efficiency to around 60%.

In the upcoming years, fuel cells could power the cars, with hydrogen replacing the petroleum fuel that is being used in most vehicles nowadays. Vehicle manufacturers, like Honda, Hyundai Motor Company, and Toyota, have started the manufacturing and production of fuel cell technologies and have been running effectively. Stationary fuel cells are the largest, most powerful fuel cells. They have been designed to provide a clean, reliable source of on-site power to hospitals, banks, airports, military bases, schools, and homes. Fuel cells also reduce the consumption of fossil fuels in vehicles. Electrolytes, like hydrogen, ethanol, formic acid, and ammonia, are renewable and that could be used to replace current fossil energy carriers (coal, oil, and gas).

Asia-Pacific and Europe is Expected to Witness Higher Growth Rate over the Forecast Period

The high segment of passenger vehicles in the total vehicle production and the demand for fuel cell buses for public and private transportation have been driving the Asia-Pacific automotive fuel cell market. Also, the Asia-Pacific region represents the biggest market for green technologies in the world, and as of now, the largest markets for fuel cells in the region are Japan, China, and South Korea. Moreover, the region is home to the leading OEMs, such as Toyota, Hyundai, and Honda.

These companies have been planning to invest heavily to expand their production capability and promote fuel cell vehicles. Also, the increase in power generation from cleaner energy sources is further expected to boost the advancements in fuel cell technology market in the region.

Several countries across the region are also substantially investing in the development of hydrogen infrastructure and have introduced various methods to expand hydrogen refueling station availability.

On the other hand, the North American market may witness considerable growth on account of the rise in investments in the manufacturing of advanced fuel cell systems.

Competitive Landscape

The automotive fuel cell system market is dominated by several players, such as Ballard Power Systems Inc., Ceramic Fuel Cells, Delphi Technologies, Doosan Fuel Cell Co. Ltd, Hydrogenics, and Nedstack Fuel Cell Technology BV. These companies have been expanding their business by new innovative technologies so that they can have an edge over their competitors.

On September 28th, 2019, Hyundai collaborated with Cummins in order to explore opportunities to develop new generation fuel cell technology that would power future vehicles. Hyundai fuel cell technology and Cummins electric motors together expanded their new electric and fuel cell powertrains so that they intend to work with North American OEMs for the integration of these systems into their vehicles.
  • On October 19th, 2019, Bosch signed an agreement with Sweden's Powercell to mass-produce hydrogen fuel cells, as they take less time to refuel than electric car batteries, thereby, making them more suitable for use in vehicles rather than staying on roads.
Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown


  • Ceramic Fuel Cell Ltd
  • Delphi Technologies
  • Doosan Fuel Cell Co. Ltd
  • Hydrogenics
  • Nuvera Fuel Cell
  • Oorja Fuel Cell
  • MORE
1.1 Study Assumptions
1.2 Scope of the Study



4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5.1 Electrolyte Type
5.1.1 Polymer Electronic Membrane Fuel Cell
5.1.2 Direct Methanol Fuel Cell
5.1.3 Alkaline Fuel Cell
5.1.4 Phosphoric Acid Fuel Cell
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3 Fuel Type
5.3.1 Hydrogen
5.3.2 Methanol
5.4 Power Output
5.4.1 Below 100 KW
5.4.2 100 to 200 KW
5.4.3 Above 200 KW
5.5 Geography
5.5.1 North America United States Canada Rest of North America
5.5.2 Europe Germany United Kingdom France Russia Spain Rest of Europe
5.5.3 Asia-Pacific India China Japan Rest of Asia-Pacific
5.5.4 South America Brazil Argentina Rest of South America
5.5.5 Middle East & Africa United Arab Emirates Saudi Arabia Rest of Middle East & Africa

6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Delphi Technologies
6.2.2 Doosan Fuel Cell Co. Ltd
6.2.3 Ballard Power Systems Inc.
6.2.4 Hydrogenics
6.2.5 Nedstack Fuel Cell Technology BV
6.2.6 Ceramic Fuel Cell Ltd
6.2.7 Oorja Fuel Cell
6.2.8 Plug Power
6.2.9 SFC
6.2.10 Watt Fuel Cell
6.2.11 Nuvera Fuel Cell

Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Delphi Technologies
  • Doosan Fuel Cell Co. Ltd
  • Ballard Power Systems Inc.
  • Hydrogenics
  • Nedstack Fuel Cell Technology BV
  • Ceramic Fuel Cell Ltd
  • Oorja Fuel Cell
  • Plug Power
  • SFC
  • Watt Fuel Cell
  • Nuvera Fuel Cell
Note: Product cover images may vary from those shown