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India Hydrogen Fuel Cell Vehicle Market (2023-2028) by Technology, Vehicle Type, and Range, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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    Report

  • 148 Pages
  • January 2023
  • Region: India
  • Infogence Global Research
  • ID: 5566714

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India's Hydrogen Fuel Cell Vehicle Market is estimated to be USD 900.24 Mn in 2023 and is expected to reach USD 1737.9 Mn by 2028, growing at a CAGR of 14.06%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

India’s Hydrogen Fuel Cell Vehicle Market is segmented based on Technology, Vehicle Type, and Range.
  • By Technology, the market is classified into Proton Exchange Membrane Fuel Cell and Phosphoric Acid Fuel Cell.
  • By Vehicle Type, the market is classified into Passenger Vehicle and Commercial Vehicle.
  • By Range, the market is classified into 0-250 Miles, 251-500 Miles, and Above 500 Miles.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Groupe Renault , Honda Motor Co., Ltd. , Hydrogenics , Hyster-Yale, etc.

Competitive Quadrant

The report includes a 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.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the India’s Hydrogen Fuel Cell Vehicle Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the India’s Hydrogen Fuel Cell Vehicle Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the India’s Hydrogen Fuel Cell Vehicle 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 in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's 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

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

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 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, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Environmental Concerns
4.1.2 Rise in Greenhouse Gas Emissions
4.2 Restraints
4.2.1 Highly Reactive and Flammable Gas
4.2.2 High Initial Investment in Infrastructure
4.3 Opportunities
4.3.1 Technological Advancements in Hydrogen Fuel Cell
4.3.2 Rising Adoption of HFCV's in Development Economies
4.3.3 Increasing Government Initiative for Development of Hydrogen Fuel Cell
4.4 Challenges
4.4.1 Lack of Refueling Infrastructure for HFCVs and Performance Constraints

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 India’s Hydrogen Fuel Cell Vehicle Market, By Technology
6.1 Introduction
6.2 Proton Exchange Membrane Fuel Cell
6.3 Phosphoric Acid Fuel Cell

7 India’s Hydrogen Fuel Cell Vehicle Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Vehicle
7.3 Commercial Vehicle

8 India’s Hydrogen Fuel Cell Vehicle Market, By Range
8.1 Introduction
8.2 0-250 Miles
8.3 251-500 Miles
8.4 Above 500 Miles

9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements

10 Company Profiles
10.1 Audi Ag
10.2 Ceres Power
10.3 Cummins, Inc.
10.4 Daimler Ag
10.5 Doosan Group
10.6 Ford Motor Co.
10.7 Groupe Renault
10.8 Honda Motor Co., Ltd.
10.9 Hydrogenics
10.10 Hyster-Yale
10.11 Hyundai Group
10.12 National Thermal Power Corp
10.13 Nissan Motor Co. Ltd.
10.14 Tata Motors Ltd.
10.15 Toshiba Corp.
10.16 Toyota Motor Corp.
10.17 Volvo Group

11 Appendix
11.1 Questionnaire

Companies Mentioned

  • Audi Ag
  • Ceres Power
  • Cummins, Inc.
  • Daimler Ag
  • Doosan Group
  • Ford Motor Co.
  • Groupe Renault
  • Honda Motor Co., Ltd.
  • Hydrogenics
  • Hyster-Yale
  • Hyundai Group
  • National Thermal Power Corp
  • Nissan Motor Co. Ltd.
  • Tata Motors Ltd.
  • Toshiba Corp.
  • Toyota Motor Corp.
  • Volvo Group