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Global Automotive Fuel Cell Market Size, Trends & Growth Opportunity, By Electrolyte Type (PEMFC (Proton-Exchange Membrane Fuel Cell, and PAFC (Phosphoric Acid Fuel Cell)), By Power Output (Below 100 KW, 100-200KW, and Above 200 KW), By Vehicle Type (Passenger Car, Bus, Light Commercial Vehicle, and Truck), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.


Report ID : IR100165 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 240

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  • Global Automotive Fuel Cell Market Size, Trends & Growth Opportunity, By Electrolyte Type (PEMFC (Proton-Exchange Membrane Fuel Cell, and PAFC (Phosphoric Acid Fuel Cell)), By Power Output (Below 100 KW, 100-200KW, and Above 200 KW), By Vehicle Type (Passenger Car, Bus, Light Commercial Vehicle, and Truck), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
    Global Automotive Fuel Cell Market
    Global Automotive Fuel Cell Market was valued at USD 1.75 billion in 2021 and is expected to reach USD 33.65 billion by 2027, at a CAGR 59.41% from 2022-2027.
    Automotive fuel cell refers to a vehicle which is powered by hydrogen fuel for the propulsion of the automotive. Fuel is contained in high-pressure tank and fed into a fuel cell stack, where the oxygen and hydrogen found naturally in the air react with each other and generate electricity. They are available in various vehicles such as cars, trucks, and buses.
     A fuel cell is also known to be an electrical device that is produced by a chemical reaction between a source fuel and an oxidant.
    Market Drivers
    Increasing vehicle production is the key driving factor which is expected to boost the global automotive fuel cell market growth. Furthermore, rising global environmental issues such as climate change and poor air quality due to high fossil fuel consumption will have a positive impact on market growth. 
    The fuel cell produces zero emission and contributes to eliminate the greenhouse gases thereby propelling the automotive fuel cell market growth during the forecast period. Moreover, the automotive fuel cell demand is growing significantly as compared to battery electric vehicles owing to high performance ability to refuel in reduced time and long range provided by the systems.
    Market Restraints
    However, automotive fuel cells are highly flammable in nature and hard to detect hydrogen leakages that are some challenging factors which is expected to obstruct the global automotive fuel cell market growth in the forecast period.
    Market Segmentation
    The Global Automotive Fuel Cell Market is segmented into electrolyte type such as PEMFC (Proton-Exchange Membrane Fuel Cell), and PAFC (Phosphoric Acid Fuel Cell), by power output such as Below 100 KW, 100-200KW, and Above 200 KW. 
    Further, the market is segmented into vehicle type such as Passenger Car, Bus, Light Commercial Vehicle, and Truck.
    Regional Analysis
    The Global Automotive Fuel Cell Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    The North American region dominates the automotive fuel cell market due to the increase in the demand for automotive based on fuel cells. Furthermore, the growing of R&D and innovation coming to the industry will further boost the growth of the automotive fuel cell market in the region during the forecast period 2027. 
    The European region is projected to observe significant amount of growth in the automotive fuel cell market due to the occurrence of major key players in the region.
    Market Key Players
    Various key players are discussed in this report such as Delphi Technologies, Ballard Power Systems, Hydrogenics, ITM Power, Plug Power, Nuvera Fuel Cells, Ceres Power, Nedstack, and Doosan Corporation, Fuji Electric Co., and Others.
    For instance, in June 2019, Ballard Power Systems had announced their 8th Generation high-performance fuel cell module, Evocity, for heavy-duty commercial vehicles such as trucks, buses, and trains.
    Market Taxonomy
    By Electrolyte Type

    •        PEMFC (Proton-Exchange Membrane Fuel Cell)
    •        PAFC (Phosphoric Acid Fuel Cell)
    By Power Output
    •        Below 100 KW
    •        100-200KW
    •        Above 200 KW
    By Vehicle Type
    •        Passenger Car
    •        Bus
    •        Light Commercial Vehicle
    •        Truck
    By Region 
    •        North America
    •        Latin America
    •        Europe
    •        Asia Pacific
    •        Middle East & Africa

    Global Automotive Fuel Cell Market TOC:
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Automotive Fuel Cell Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Automotive Fuel Cell Market, By Electrolyte Type
    5.1 Y-o-Y Growth Comparison, By Electrolyte Type 
    5.2 Global Automotive Fuel Cell Market Share Analysis, By Electrolyte Type 
    5.3 Global Automotive Fuel Cell Market Size and Forecast, By Electrolyte Type
    5.3.1 PEMFC (Proton-Exchange Membrane Fuel Cell) 
    5.3.2 PAFC (Phosphoric Acid Fuel Cell)
    6 Global Automotive Fuel Cell Market, By Power Output
    6.1 Y-o-Y Growth Comparison, By Power Output
    6.2 Global Automotive Fuel Cell Market Share Analysis, By Power Output
    6.3 Global Automotive Fuel Cell Market Size and Forecast, By Power Output
    6.3.1 Below 100 KW
    6.3.2 100-200 KW
    6.3.3 Above 200 KW
    7 Global Automotive Fuel Cell Market, Vehicle Type
    7.1 Y-o-Y Growth Comparison, Vehicle Type
    7.2 Global Automotive Fuel Cell Market Share Analysis, Vehicle Type
    7.3 Global Automotive Fuel Cell Market Size and Forecast, Vehicle Type
    7.3.1 Passenger Car
    7.3.2 Bus
    7.3.3 Light Commercial Vehicle
    7.3.4 Truck
    8 Global Automotive Fuel Cell Market, By Region
    8.1 Global Automotive Fuel Cell Market Share Analysis, By Region
    8.2 Global Automotive Fuel Cell Market Share Analysis, By Region
    8.3 Global Automotive Fuel Cell Market Size and Forecast, By Region
    9 North America Automotive Fuel Cell Market Analysis and Forecast (2022 – 2027)
    9.1 Introduction
    9.2 North America Automotive Fuel Cell Market Share Analysis, By Electrolyte Type
    9.3 North America Automotive Fuel Cell Market Size and Forecast, By Power Output
    9.4 North America Automotive Fuel Cell Market Size and Forecast, Vehicle Type
    9.5 North America Automotive Fuel Cell Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Automotive Fuel Cell Market Analysis and Forecast (2022 – 2027)
    10.1 Introduction
    10.2 Europe Automotive Fuel Cell Market Share Analysis, By Electrolyte Type 
    10.3 Europe Automotive Fuel Cell Market Size and Forecast, By Power Output 
    10.4 Europe Automotive Fuel Cell Market Size and Forecast, Vehicle Type
    10.5 Europe Automotive Fuel Cell Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4 Rest of Europe
    11 Asia Pacific Automotive Fuel Cell Market Analysis and Forecast (2022 – 2027)
    11.1 Introduction
    11.2 Asia Pacific Automotive Fuel Cell Market Share Analysis, By Electrolyte Type 
    11.3 Asia Pacific Automotive Fuel Cell Market Size and Forecast, By Power Output 
    11.4 Asia Pacific Automotive Fuel Cell Market Size and Forecast, Vehicle Type
    11.5 Asia Pacific Automotive Fuel Cell Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4 Rest of Asia Pacific
    12 Latin America Automotive Fuel Cell Market Analysis and Forecast (2022 – 2027)
    12.1 Introduction
    12.2 Latin America Automotive Fuel Cell Market Share Analysis, By Electrolyte Type 
    12.3 Latin America Automotive Fuel Cell Market Size and Forecast, By Power Output 
    12.4 Latin America Automotive Fuel Cell Market Size and Forecast, Vehicle Type
    12.5 Latin America Automotive Fuel Cell Market Size and Forecast, Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East Automotive Fuel Cell Market Analysis and Forecast (2022 – 2027)
    13.1 Introduction
    13.2 Middle East Automotive Fuel Cell Market Share Analysis, By Electrolyte Type 
    13.3 Middle East Automotive Fuel Cell Market Size and Forecast, By Power Output 
    13.4 Middle East Automotive Fuel Cell Market Size and Forecast, Vehicle Type
    13.5 Middle East Automotive Fuel Cell Market Size and Forecast, By Country
    13.5.1 Saudi Arabia
    13.5.2 UAE
    13.5.3 Egypt
    13.5.4 Kuwait
    13.5.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Delphi Technologies
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 Ballard Power Systems
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 Hydrogenics
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 ITM Power
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Plug Power
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Nuvera Fuel Cells
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Ceres Power 
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 Nedstack
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies 
    15.9 Doosan Corporation 
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 Fuji Electric Co.
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies