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Hydrogen Fuel Cell Vehicle - Global Strategic Business Report

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    Report

  • 312 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030023

Global Hydrogen Fuel Cell Vehicle Market to Reach $13.4 Billion by 2030

The global market for Hydrogen Fuel Cell Vehicle estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$13.4 Billion by 2030, growing at a CAGR of 26.6% over the analysis period 2022-2030. Private, one of the segments analyzed in the report, is projected to record 25.8% CAGR and reach US$7.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial segment is readjusted to a revised 27.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $636.9 Million, While China is Forecast to Grow at 25.7% CAGR

The Hydrogen Fuel Cell Vehicle market in the U.S. is estimated at US$636.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 25.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.8% and 22.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.

Select Competitors (Total 83 Featured) -

  • Toyota Motor Corporation
  • Daimler AG
  • Honda Motor Co., Ltd.
  • Ballard Power Systems, Inc.
  • FuelCell Energy, Inc.
  • MAN SE
  • MightyComm

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

Frequently Asked Questions about the Global Market for Hydrogen Fuel Cell Vehicle

What is the estimated value of the Global Market for Hydrogen Fuel Cell Vehicle?

The Global Market for Hydrogen Fuel Cell Vehicle was estimated to be valued at $2 Billion in 2022.

What is the growth rate of the Global Market for Hydrogen Fuel Cell Vehicle?

The growth rate of the Global Market for Hydrogen Fuel Cell Vehicle is 26.8%, with an estimated value of $13.4 Billion by 2030.

What is the forecasted size of the Global Market for Hydrogen Fuel Cell Vehicle?

The Global Market for Hydrogen Fuel Cell Vehicle is estimated to be worth $13.4 Billion by 2030.

Who are the key companies in the Global Market for Hydrogen Fuel Cell Vehicle?

Key companies in the Global Market for Hydrogen Fuel Cell Vehicle include Toyota Motor Corporation, Daimler AG, Honda Motor Co., Ltd., Ballard Power Systems, Inc., FuelCell Energy, Inc., MAN SE and MightyComm.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Hydrogen Fuel Cell Vehicle - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Hydrogen Fuel Cell Vehicle Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 3: World 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 5: World 8-Year Perspective for Private by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 6: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 7: World 8-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 9: World 8-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Buses & Coaches by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 11: World 8-Year Perspective for Buses & Coaches by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 12: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 13: World 8-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 15: USA 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 16: USA Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 17: USA 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
CANADA
  • Table 18: Canada Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 19: Canada 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 20: Canada Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 21: Canada 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
JAPAN
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 22: Japan Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 23: Japan 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 24: Japan Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 25: Japan 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
CHINA
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 26: China Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 27: China 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 28: China Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 29: China 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
EUROPE
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 30: Europe Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 31: Europe 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 32: Europe Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 33: Europe 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 35: Europe 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
FRANCE
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 36: France Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 37: France 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 38: France Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 39: France 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
GERMANY
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 40: Germany Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 41: Germany 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 42: Germany Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 43: Germany 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
ITALY
  • Table 44: Italy Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 45: Italy 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 46: Italy Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 47: Italy 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
UNITED KINGDOM
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 48: UK Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 49: UK 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 50: UK Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 51: UK 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
REST OF EUROPE
  • Table 52: Rest of Europe Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 53: Rest of Europe 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 55: Rest of Europe 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
ASIA-PACIFIC
  • Hydrogen Fuel Cell Vehicle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 57: Asia-Pacific 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 59: Asia-Pacific 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
REST OF WORLD
  • Table 60: Rest of World Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Private and Commercial - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 61: Rest of World 8-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Private and Commercial for the Years 2023 & 2030
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Hydrogen Fuel Cell Vehicle by End-Use - Passenger Cars, Buses & Coaches and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 63: Rest of World 8-Year Perspective for Hydrogen Fuel Cell Vehicle by End-Use - Percentage Breakdown of Value Sales for Passenger Cars, Buses & Coaches and Commercial Vehicles for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Toyota Motor Corporation
  • Daimler AG
  • Honda Motor Co., Ltd.
  • Ballard Power Systems, Inc.
  • FuelCell Energy, Inc.
  • MAN SE
  • MightyComm