Global automotive fuel cell market will reach $18,112.9 million by 2031, growing by 30.4% 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 85 tables and 88 figures, this 175-page report “Global 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 Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 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 global 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 global 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 Region.
Based on Electrolyte Type, the global 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 global 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 global 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 global 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 global 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 global 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 regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market 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 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 27
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of Global Market by Electrolyte Type 45
3.1 Market Overview by Electrolyte Type 45
3.2 Proton-Exchange Membrane Fuel Cell (PEMFC) 47
3.3 Direct Methanol Fuel Cell (DMFC) 48
3.4 Alkaline Fuel Cell (AFC) 49
3.5 Phosphoric Acid Fuel Cell (PAFC) 50
3.6 Other Electrolyte Types 51
4 Segmentation of Global Market by Component 52
4.1 Market Overview by Component 52
4.2 Fuel Stack 54
4.3 Fuel Processor 55
4.4 Power Conditioner 56
4.5 Air Compressor 57
4.6 Humidifier 58
5 Segmentation of Global Market by Vehicle Type 59
5.1 Market Overview by Vehicle Type 59
5.2 Passenger Cars 61
5.3 Light Commercial Vehicles (LCV) 63
5.4 Buses 64
5.5 Trucks 65
5.6 Other Commercial Vehicles 66
6 Segmentation of Global Market by Fuel Type 67
6.1 Market Overview by Fuel Type 67
6.2 Hydrogen 69
6.3 Methanol 70
7 Segmentation of Global Market by Power Output 71
7.1 Market Overview by Power Output 71
7.2 < 150 KW 73
7.3 150-250 KW 74
7.4 > 250 KW 75
8 Segmentation of Global Market by Operating Miles 76
8.1 Market Overview by Operating Miles 76
8.2 Below 250 Miles 78
8.3 250-500 Miles 79
8.4 Above 500 Miles 80
9 Segmentation of Global Market by Region 81
9.1 Geographic Market Overview 2021-2031 81
9.2 North America Market 2021-2031 by Country 85
9.2.1 Overview of North America Market 85
9.2.2 U.S. 89
9.2.3 Canada 92
9.2.4 Mexico 94
9.3 European Market 2021-2031 by Country 96
9.3.1 Overview of European Market 96
9.3.2 Germany 100
9.3.3 U.K. 102
9.3.4 France 104
9.3.5 Spain 106
9.3.6 Italy 108
9.3.7 Netherlands 110
9.3.8 Rest of European Market 112
9.4 Asia-Pacific Market 2021-2031 by Country 114
9.4.1 Overview of Asia-Pacific Market 114
9.4.2 Japan 118
9.4.3 China 121
9.4.4 Australia 123
9.4.5 India 125
9.4.6 South Korea 127
9.4.7 Rest of APAC Region 129
9.5 South America Market 2021-2031 by Country 131
9.5.1 Argentina 134
9.5.2 Brazil 136
9.5.3 Chile 138
9.5.4 Rest of South America Market 140
9.6 MEA Market 2021-2031 by Country 141
9.6.1 UAE 144
9.6.2 Saudi Arabia 146
9.6.3 South Africa 148
9.6.4 Other National Markets 150
10 Competitive Landscape 151
10.1 Overview of Key Vendors 151
10.2 New Product Launch, Partnership, Investment, and M&A 155
10.3 Company Profiles 156
Ballard Power Systems Inc. 156
BorgWarner Inc. 158
Ceres Power Holdings PLC 159
Cummins Inc. 160
Doosan Fuel Cell Co., Ltd. 161
Elringklinger AG 162
Horizon Fuel Cell Technologies Pte. Ltd. 163
Hydrogenics Corporation 164
Intelligent Energy Limited 165
ITM Power PLC 166
Nedstack Fuel Cell Technology BV 167
Nuvera Fuel Cells LLC 168
Oorja Corporation 169
Plug Power Inc. 170
PowerCell Sweden AB 171
Proton Motor Fuel Cell GmbH 172
SFC Energy AG 173
Watt Fuel Cell Corporation 174
RELATED REPORTS 175
List of Tables:
Table 1. Snapshot of Global Automotive Fuel Cell Market in Balanced Perspective, 2021-2031 20
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Hydrogen Refilling Stations in Operation by Country as of Sep 2021 33
Table 5. Main Product Trends and Market Opportunities in Global Automotive Fuel Cell Market 37
Table 6. Global Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 45
Table 7. Global Automotive Fuel Cell Market by Component, 2021-2031, $ mn 52
Table 8. Global Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 59
Table 9. Commercially Available Fuel Cell Vehicles 62
Table 10. Global Automotive Fuel Cell Market by Fuel Type, 2021-2031, $ mn 67
Table 11. Global Automotive Fuel Cell Market by Power Output, 2021-2031, $ mn 71
Table 12. Global Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 76
Table 13. Global Automotive Fuel Cell Market by Region, 2021-2031, $ mn 82
Table 14. Leading National Automotive Fuel Cell Market, 2021 and 2031, $ mn 84
Table 15. North America Automotive Fuel Cell Market by Country, 2021-2031, $ mn 87
Table 16. U.S. Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 91
Table 17. U.S. Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 91
Table 18. U.S. Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 91
Table 19. Canada Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 93
Table 20. Canada Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 93
Table 21. Canada Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 93
Table 22. Mexico Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 95
Table 23. Mexico Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 95
Table 24. Mexico Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 95
Table 25. Europe Automotive Fuel Cell Market by Country, 2021-2031, $ mn 99
Table 26. Germany Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 101
Table 27. Germany Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 101
Table 28. Germany Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 101
Table 29. U.K. Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 103
Table 30. U.K. Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 103
Table 31. U.K. Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 103
Table 32. France Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 105
Table 33. France Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 105
Table 34. France Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 105
Table 35. Spain Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 107
Table 36. Spain Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 107
Table 37. Spain Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 107
Table 38. Italy Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 109
Table 39. Italy Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 109
Table 40. Italy Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 109
Table 41. Netherlands Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 111
Table 42. Netherlands Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 111
Table 43. Netherlands Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 111
Table 44. Automotive Fuel Cell Market in Rest of Europe by Country, 2021-2031, $ mn 113
Table 45. APAC Automotive Fuel Cell Market by Country, 2021-2031, $ mn 116
Table 46. Japan Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 120
Table 47. Japan Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 120
Table 48. Japan Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 120
Table 49. China Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 122
Table 50. China Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 122
Table 51. China Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 122
Table 52. Australia Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 124
Table 53. Australia Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 124
Table 54. Australia Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 124
Table 55. India Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 126
Table 56. India Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 126
Table 57. India Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 126
Table 58. South Korea Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 128
Table 59. South Korea Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 128
Table 60. South Korea Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 128
Table 61. Automotive Fuel Cell Market in Rest of APAC by Country/Region, 2021-2031, $ mn 130
Table 62. South America Automotive Fuel Cell Market by Country, 2021-2031, $ mn 133
Table 63. Argentina Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 135
Table 64. Argentina Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 135
Table 65. Argentina Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 135
Table 66. Brazil Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 137
Table 67. Brazil Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 137
Table 68. Brazil Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 137
Table 69. Chile Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 139
Table 70. Chile Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 139
Table 71. Chile Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 139
Table 72. MEA Automotive Fuel Cell Market by Country, 2021-2031, $ mn 143
Table 73. UAE Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 145
Table 74. UAE Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 145
Table 75. UAE Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 145
Table 76. Saudi Arabia Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 147
Table 77. Saudi Arabia Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 147
Table 78. Saudi Arabia Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 147
Table 79. South Africa Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn 149
Table 80. South Africa Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn 149
Table 81. South Africa Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn 149
Table 82. Breakdown of World Market by Key Vendor, 2021, % 153
Table 83. Ballard Power Systems Inc.: Company Snapshot 156
Table 84. Ballard Power Systems Inc.: Business Segmentation 157
Table 85. Ballard Power Systems Inc.: Product Portfolio 157
