The global Fuel Cell Vehicles market was valued at US$ 30490 million in 2022 and is projected to reach US$ 77920 million by 2029, at a CAGR of 14.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Fuel Cell Vehicles market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Fuel Cell Vehicles market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Fuel Cell Vehicles market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
A fuel cell car (FCV) is a car powered by electric power generated by an on-board fuel cell device. The fuel used in an on-vehicle fuel cell apparatus is a highly-hydrogen-containing reformed gas obtained by reforming a high-purity hydrogen gas or a hydrogen-containing fuel. Compared with the usual electric vehicles, the difference in power is that the power used by the FCV comes from the vehicle-mounted fuel cell device, and the power used by the electric vehicle comes from the grid-charged battery. Therefore, the key to FCV is fuel cell.
This report aims to provide a comprehensive presentation of the global market for Fuel Cell Vehicles, 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 Vehicles. This report contains market size and forecasts of Fuel Cell Vehicles in global, including the following market information:
- Global Fuel Cell Vehicles Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Fuel Cell Vehicles Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five Fuel Cell Vehicles companies in 2022 (%)
Fuel cell technology for vehicle is becoming increasing important owing to its uniqueness and non-pollution. The technology has the ability to power all vehicle types including heavy duty, power forklifts, passenger, and airport tugs.Environmental effects from vehicles emission is a key point to drive FCV market growth. Unlike traditional cars generated by non-renewable resource create a large amount of exhaust which can be harmful to health. New energy vehicle mainly depends to battery instead of petrol. North America was the leading global market owing to continuous government initiatives undertaken to develop hydrogen infrastructure in order to promote hydrogen fuel cell vehicle in this region. Additionally, Asia-Pacific is expected to witness the rapid growth over the forecast period owing to government support.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Fuel Cell Vehicles 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 Vehicles Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Fuel Cell Vehicles Market Segment Percentages, by Type, 2022 (%)
- Proton Exchange Membrane Fuel Cell
- Alkaline Fuel cell
- Solid Oxide Fuel Cell
Global Fuel Cell Vehicles Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Fuel Cell Vehicles Market Segment Percentages, by Application, 2022 (%)
- Forklifts
- Airplanes
- Submarines
- Buses
- Motorcycles & Bicycles
- Trams
- Boats
Global Fuel Cell Vehicles Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Fuel Cell Vehicles Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Fuel Cell Vehicles revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Fuel Cell Vehicles revenues share in global market, 2022 (%)
- Key companies Fuel Cell Vehicles sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Fuel Cell Vehicles sales share in global market, 2022 (%)
key players include:
- Acumentrics SOFC Corporation
- Automotive Fuel Cell Cooperation Corp
- Ballard Power Systems
- BMW
- Audi
- GreenGT
- Proton Power Systems
- Hydrogenics
- Nissan
- Toyota Motor Corporation
- Daimler
- Ballard
- VW Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Fuel Cell Vehicles, market overview.
Chapter 2: Global Fuel Cell Vehicles market size in revenue and volume.
Chapter 3: Detailed analysis of Fuel Cell Vehicles 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 Vehicles 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 Vehicles 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.
