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US Hydrogen Fuel Cell Vehicle Market (2022-2027) by Technology, Vehicle Type, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 184 Pages
  • March 2022
  • Region: United States
  • Infogence Global Research
  • ID: 5566721

FEATURED COMPANIES

  • Ballard Power Systems
  • Borgwarner
  • Cummins
  • Doosan Group
  • Hyster-Yale
  • Hyundai Group
The US Hydrogen Fuel Cell Vehicle Market is estimated to be USD 134.14 Mn in 2022 and is projected to reach USD 321.99 Mn by 2027, growing at a CAGR of 19.14%.



Market dynamics are forces that impact the prices and behaviors of the US Hydrogen Fuel Cell Vehicle Market 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

The US Hydrogen Fuel Cell Vehicle Market is segmented based on Technology, and Vehicle Type.
  • By Technology, the market is classified into Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others.
  • By Vehicle Type, the market is classified into Passenger Vehicle and Commercial Vehicle.

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 Ballard Power Systems, Borgwarner, Cummins, Doosan Group, Hyster-Yale, Hyundai Group, Plug Power, Toshiba, Toyota Motor Corp, etc.

Competitive Quadrant

The report includes 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 US 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 US 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 US 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 and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is 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 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

FEATURED COMPANIES

  • Ballard Power Systems
  • Borgwarner
  • Cummins
  • Doosan Group
  • Hyster-Yale
  • Hyundai Group

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 Rise in Environmental Concern to Boost Market Growth
4.1.2 Technological Advancements in Hydrogen Fuel Cell
4.1.3
4.2 Restraints
4.2.1 High Initial Investment in Infrastructure
4.3 Opportunities
4.3.1 Increasing Government Initiative for Development of Hydrogen Fuel Cell
4.3.2 Rapid R&D to Propel the Adoption of Hydrogen Fuels
4.4 Challenges
4.4.1 Performance Constraints
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 US Hydrogen Fuel Cell Vehicle Market, By Technology
6.1 Introduction
6.2 Proton Exchange Membrane Fuel Cell
6.3 Phosphoric Acid Fuel Cell
6.4 Others
7 US Hydrogen Fuel Cell Vehicle Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Vehicle
7.3 Commercial Vehicle
8 Competitive Landscape
8.1 Competitive Quadrant
8.2 Market Share Analysis
8.3 Strategic Initiatives
8.3.1 M&A and Investments
8.3.2 Partnerships and Collaborations
8.3.3 Product Developments and Improvements
9 Company Profiles
9.1 Ballard Power Systems
9.2 Borgwarner
9.3 Cummins
9.4 Doosan Group
9.5 Hyster-Yale
9.6 Hyundai Group
9.7 Plug Power
9.8 Toshiba
9.9 Toyota Motor Corp
10 Appendix
10.1 Questionnaire
  • Ballard Power Systems
  • Borgwarner
  • Cummins
  • Doosan Group
  • Hyster-Yale
  • Hyundai Group
  • Plug Power
  • Toshiba
  • Toyota Motor Corp