Europe automotive fuel cell market was valued at $217.0 million in 2021 and will grow by 34.1% annually over 2021-2031, driven by the increasing demand for zero-emission vehicles and government subsidies as tax benefits to promote fuel cell vehicles, the growing concerns for environmental pollution, the quick fuel fill-up time compared to battery-based electric vehicles, and advanced technologies to improve the vehicle efficacy.
Highlighted with 35 tables and 56 figures, this 119-page report “Europe Automotive Fuel Cell Market 2021-2031 by Electrolyte Type (PEMFC, DMFC, AFC, PAFC, Others), Component (Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, LCV, Buses, Trucks, Others), Fuel Type (Hydrogen, Methanol), Power Output (<150 KW, 150-250 KW, >250 KW), Operating Miles (Below 250 Miles, 250-500 Miles, Above 500 Miles), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe automotive fuel cell market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe automotive fuel cell market in every aspect of the classification from perspectives of Electrolyte Type, Component, Vehicle Type, Fuel Type, Power Output, Operating Miles, and Country.
Based on Electrolyte Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Proton-Exchange Membrane Fuel Cell (PEMFC)
• Direct Methanol Fuel Cell (DMFC)
• Alkaline Fuel Cell (AFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Other Electrolyte Types
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Fuel Stack
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier
By Vehicle Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses
• Trucks
• Other Commercial Vehicles
By Fuel Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Hydrogen
• Methanol
By Power Output, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• < 150 KW
• 150-250 KW
• >250 KW
By Operating Miles, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Below 250 Miles
• 250-500 Miles
• Above 500 Miles
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Electrolyte Type, Vehicle Type and Operating Miles over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Ballard Power Systems Inc.
BorgWarner Inc.
Ceres Power Holdings PLC
Cummins Inc.
Doosan Fuel Cell Co., Ltd.
Elringklinger AG
Horizon Fuel Cell Technologies Pte. Ltd.
Hydrogenics Corporation
Intelligent Energy Limited
ITM Power PLC
Nedstack Fuel Cell Technology BV
Nuvera Fuel Cells LLC
Oorja Corporation
Plug Power Inc.
PowerCell Sweden AB
Proton Motor Fuel Cell GmbH
SFC Energy AG
Watt Fuel Cell Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter’s Fiver Forces Analysis 39
3 Segmentation of Europe Market by Electrolyte Type 43
3.1 Market Overview by Electrolyte Type 43
3.2 Proton-Exchange Membrane Fuel Cell (PEMFC) 45
3.3 Direct Methanol Fuel Cell (DMFC) 46
3.4 Alkaline Fuel Cell (AFC) 47
3.5 Phosphoric Acid Fuel Cell (PAFC) 48
3.6 Other Electrolyte Types 49
4 Segmentation of Europe Market by Component 50
4.1 Market Overview by Component 50
4.2 Fuel Stack 52
4.3 Fuel Processor 53
4.4 Power Conditioner 54
4.5 Air Compressor 55
4.6 Humidifier 56
5 Segmentation of Europe Market by Vehicle Type 57
5.1 Market Overview by Vehicle Type 57
5.2 Passenger Cars 59
5.3 Light Commercial Vehicles (LCV) 61
5.4 Buses 62
5.5 Trucks 63
5.6 Other Commercial Vehicles 64
6 Segmentation of Europe Market by Fuel Type 65
6.1 Market Overview by Fuel Type 65
6.2 Hydrogen 67
6.3 Methanol 68
7 Segmentation of Europe Market by Power Output 69
7.1 Market Overview by Power Output 69
7.2 < 150 KW 71
7.3 150-250 KW 72
7.4 > 250 KW 73
8 Segmentation of Europe Market by Operating Miles 74
8.1 Market Overview by Operating Miles 74
8.2 Below 250 Miles 76
8.3 250-500 Miles 77
8.4 Above 500 Miles 78
9 European Market 2021-2031 by Country 79
9.1 Overview of European Market 79
9.2 Germany 82
9.3 U.K. 84
9.4 France 86
9.5 Spain 88
9.6 Italy 90
9.7 Netherlands 92
9.8 Rest of European Market 94
10 Competitive Landscape 96
10.1 Overview of Key Vendors 96
10.2 New Product Launch, Partnership, Investment, and M&A 99
10.3 Company Profiles 100
Ballard Power Systems Inc. 100
BorgWarner Inc. 102
Ceres Power Holdings PLC 103
Cummins Inc. 104
Doosan Fuel Cell Co., Ltd. 105
Elringklinger AG 106
Horizon Fuel Cell Technologies Pte. Ltd. 107
Hydrogenics Corporation 108
Intelligent Energy Limited 109
ITM Power PLC 110
Nedstack Fuel Cell Technology BV 111
Nuvera Fuel Cells LLC 112
Oorja Corporation 113
Plug Power Inc. 114
PowerCell Sweden AB 115
Proton Motor Fuel Cell GmbH 116
SFC Energy AG 117
Watt Fuel Cell Corporation 118
RELATED REPORTS 119
List of Tables:
Table 1. Snapshot of Europe Automotive Fuel Cell Market in Balanced Perspective, 2021-2031 18
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Hydrogen Refilling Stations in Operation by Country as of Sep 2021 31
Table 5. Main Product Trends and Market Opportunities in Europe Automotive Fuel Cell Market 35
Table 6. Europe Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 43
Table 7. Europe Automotive Fuel Cell Market by Component, 2021-2031, $ mn 50
Table 8. Europe Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 57
Table 9. Commercially Available Fuel Cell Vehicles 60
Table 10. Europe Automotive Fuel Cell Market by Fuel Type, 2021-2031, $ mn 65
Table 11. Europe Automotive Fuel Cell Market by Power Output, 2021-2031, $ mn 69
Table 12. Europe Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 74
Table 13. Europe Automotive Fuel Cell Market by Country, 2021-2031, $ mn 81
Table 14. Germany Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 83
Table 15. Germany Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 83
Table 16. Germany Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 83
Table 17. U.K. Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 85
Table 18. U.K. Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 85
Table 19. U.K. Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 85
Table 20. France Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 87
Table 21. France Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 87
Table 22. France Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 87
Table 23. Spain Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 89
Table 24. Spain Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 89
Table 25. Spain Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 89
Table 26. Italy Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 91
Table 27. Italy Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 91
Table 28. Italy Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 91
Table 29. Netherlands Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 93
Table 30. Netherlands Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 93
Table 31. Netherlands Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 93
Table 32. Automotive Fuel Cell Market in Rest of Europe by Country, 2021-2031, $ mn 95
Table 33. Ballard Power Systems Inc.: Company Snapshot 100
Table 34. Ballard Power Systems Inc.: Business Segmentation 101
Table 35. Ballard Power Systems Inc.: Product Portfolio 101
