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Global Automotive Fuel Cell Market (2021-2026) by Electrolyte Type, Fuel Type, Vehicle Type, Power Output and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

  • ID: 5359416
  • Report
  • March 2021
  • Region: Global
  • 196 pages
  • Infogence Global Research
Global Automotive Fuel Cell Market is estimated to be worth USD 820 Million in 2021 and is expected to reach USD 1,357 Million by 2026, growing at a CAGR of 10.6%

FEATURED COMPANIES

  • BorgWarner Inc.
  • Delphi Technologies
  • Hyster-Yale Group
  • ITM Power
  • Nuvera Fuel Cells LLC
  • Plug Power Inc.
The Global Automotive Fuel Cell Market is estimated to be worth USD 820 Million in 2021 and is expected to reach USD 1,357 Million by 2026, growing at a CAGR of 10.6%.



Market Dynamics


Factors such as increasing demand for electric vehicles with zero tailpipe emission, quick fuel fill-up time compared to battery-based electric vehicles, and advanced technologies to improve the vehicle efficacy are majorly driving the market growth. For instance, companies are integrating regenerative braking systems and other such technologies to attract customers. Major players are leading innovation and expanding geographies through partnership and industry alliances. Government initiatives in promoting the use of zero-emission vehicles and investing in hydrogen fuel infrastructure are anticipated to offer lucrative opportunities for market players during the next decade.

However, the high cost of automotive fuel cell vehicles compared with ICE vehicles coupled with low production units and fewer hydrogen stations in the world is hindering the market. In addition, harmful health effects of hydrogen gas, if not handled carefully, are the major challenge for the market players.

Market Segmentation


The Global Automotive Fuel Cell Market is segmented based on Electrolyte Type, Fuel Type, Vehicle Type, Power Output and Geography.
  • By Electrolyte Type, the market is classified into proton exchange membrane fuel cell, phosphoric acid fuel cell, direct methanol fuel cell, and alkaline fuel cell. Amongst all, the proton exchange membrane fuel cell segment is estimated to hold the highest market share.
  • By Vehicle Type, the market is classified into passenger vehicle and commercial vehicles. Amongst the two, the passenger vehicle segment holds the highest market share.
  • By Fuel Type, the market is classified as hydrogen and methanol. Amongst the two, the hydrogen segment is estimated to hold the highest market share during the forecast period.
  • By Power Output, the market is classified as below 100 KW, 100 to 200 KW, and above 200 KW. Amongst all, the below 100 KW segment is estimated to hold the highest market share.
  • By Geography, North America is projected to lead the market.

Recent Developments

  1. Ricardo invests 2.5 million to build a hydrogen development and test facility at its Shoreham Technical Centre in the UK to support zero-emission mobility, which will form a part of electrified transport engineering. - 28th January 2021.
  2. Hyundai’s Hydrogen-powered car is estimated to launch in India by October 2021.
  3. Hyundai launched HTWO for its world-class hydrogen fuel cell systems. The company set up a factory in Guangzhou, China, to produce 6,500 fuel cells per year- 15th January 2021.

Company Profiles


Some of the companies covered in this report are Watt Fuel Cell Corporation, Doosan Fuel Cell Co. Ltd, Toyota Motor Corporation, Hyundai Motor Group, Hyster-Yale Group, ITM Power, Ceres Power, Proton Motor Power, Toshiba Corporation, etc

Competitive Quadrant


The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?


The report offers a comprehensive evaluation of the Global Automotive Fuel Cell Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BorgWarner Inc.
  • Delphi Technologies
  • Hyster-Yale Group
  • ITM Power
  • Nuvera Fuel Cells LLC
  • Plug Power Inc.
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Proprietary Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook

4 Market Influencers
4.1 Drivers
4.1.1 Increasing Adoption of Fuel Cell Vehicles.
4.1.2 Low Emission Compared to Other Vehicles.
4.1.3 Quick Refuelling and Increased Driving Range
4.2 Restraints
4.2.1 Availability of Alternative Electrical Vehicle
4.2.2 High Cost and Low Fuel Cell Infrastructure
4.3 Opportunities
4.3.1 Market Development Through Partnership Strategies.
4.3.2 Government Incentives by Promoting Fuel Cell Infrastructure.
4.4 Challenges
4.4.1 Hazardous Health Issues Due to Hydrogen Leak
4.4.2 Availability of Alternative Electrical Vehicle
4.5 Trends

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Automotive Fuel Cell Market, By Electrolyte Type
6.1 Introduction
6.2 Proton Exchange Membrane Fuel Cell
6.3 Phosphoric Acid Fuel Cell
6.4 Direct Methanol Fuel Cell
6.5 Alkaline Fuel Cell

7 Global Automotive Fuel Cell Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Cars
7.3 Commercial Vehicles

8 Global Automotive Fuel Cell Market, By Fuel Type
8.1 Introduction
8.2 Hydrogen
8.3 Methanol

9 Global Automotive Fuel Cell Market, By Power Output
9.1 Introduction
9.2 Below 100 KW
9.3 100 to 200 KW
9.4 Above 200 KW

10 Global Automotive Fuel Cell Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Chile
10.3.4 Colombia
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Netherlands
10.4.7 Sweden
10.4.8 Russia
10.4.9 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Sri Lanka
10.5.9 Thailand
10.5.10 Rest of APAC
10.6 Middle-East and Africa
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates

11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements

12 Company Profiles
12.1 BorgWarner Inc.
12.2 Nuvera Fuel Cells LLC
12.3 Ballard Power Systems Inc.
12.4 Hydrogenics (Cummins Inc.)
12.5 Nedstack Fuel Cell Technology BV
12.6 Oorja Corporation
12.7 Plug Power Inc.
12.8 SFC Energy AG
12.9 Watt Fuel Cell Corporation
12.10 Doosan Fuel Cell Co. Ltd
12.11 Toyota Motor Corporation
12.12 Hyundai Motor Group
12.13 Hyster-Yale Group
12.14 ITM Power
12.15 Ceres Power
12.16 Proton Motor Power
12.17 Toshiba Corporation
12.18 PowerCell Sweden AB
12.19 Delphi Technologies
12.20 Nissan Motor Company, Ltd

13 Appendix
13.1 Questionnaire
Note: Product cover images may vary from those shown
  • BorgWarner Inc.
  • Nuvera Fuel Cells LLC
  • Ballard Power Systems Inc.
  • Hydrogenics (Cummins Inc.)
  • Nedstack Fuel Cell Technology BV
  • Oorja Corporation
  • Plug Power Inc.
  • SFC Energy AG
  • Watt Fuel Cell Corporation
  • Doosan Fuel Cell Co. Ltd
  • Toyota Motor Corporation
  • Hyundai Motor Group
  • Hyster-Yale Group
  • ITM Power
  • Ceres Power
  • Proton Motor Power
  • Toshiba Corporation
  • PowerCell Sweden AB
  • Delphi Technologies
  • Nissan Motor Compan. Ltd
Note: Product cover images may vary from those shown

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