The global Fuel Cell in Automotive market was valued at US$ 569.6 million in 2022 and is projected to reach US$ 842 million by 2029, at a CAGR of 5.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A fuel cell is a device that generates electricity by a chemical reaction. Automotive fuel cells create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaustthey emit water vapor and warm air.
This report aims to provide a comprehensive presentation of the global market for Fuel Cell in Automotive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fuel Cell in Automotive. This report contains market size and forecasts of Fuel Cell in Automotive in global, including the following market information:
Global Fuel Cell in Automotive Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Fuel Cell in Automotive Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Fuel Cell in Automotive companies in 2022 (%)
The leading manufactures mainly are Toyota, Honda, Hyundai, Ballard and Nedstack. Toyota is the largest manufacturer, its revenue of global market exceeds 78%, which main due to large sales of its fuel cell vehicle.
Geographically, the global automotive fuel cells market has been segmented into North America, Europe, China, Japan, Korea and other. Japan held the largest share in the global automotive fuel cells sales market, its revenue of global market exceeds 83%.
We surveyed the Fuel Cell in Automotive manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Fuel Cell in Automotive Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Fuel Cell in Automotive Market Segment Percentages, by Type, 2022 (%)
- PEMFC (Proton Exchange Membrane Fuel Cells)
- MCFC (Molten Carbonate Fuel Cells)
- SOFC (Solid Oxide Fuel Cells)
- PAFC (Phosphoric Acid Fuel Cells)
- Others
Global Fuel Cell in Automotive Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Fuel Cell in Automotive Market Segment Percentages, by Application, 2022 (%)
- Light-Duty Vehicles
- Heavy-Duty Vehicles
Global Fuel Cell in Automotive Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Fuel Cell in Automotive Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Fuel Cell in Automotive revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Fuel Cell in Automotive revenues share in global market, 2022 (%)
- Key companies Fuel Cell in Automotive sales in global market, 2018-2023 (Estimated), (MW)
- Key companies Fuel Cell in Automotive sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Ballard Power Systems
- ACAL
- Nuvera Fuel Cells
- Plug Power
- Hydrogenics
- Delphi Automotive Systems
- EnergyOR Technologies
- H2 Logic
- Symbio FCell
- Proton Motors
- Oorja Protonics
- Nuvera Fuel Cell
- Intelligent Energy
- Infintium Fuel Cell Systems
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Fuel Cell in Automotive, market overview.
- Chapter 2: Global Fuel Cell in Automotive market size in revenue and volume.
- Chapter 3: Detailed analysis of Fuel Cell in Automotive manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Fuel Cell in Automotive in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Fuel Cell in Automotive capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
