Automotive Hydrogen Fuel Cell Market
Automotive Hydrogen Fuel Cell Market Size, Share, Growth Analysis By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Regional Forecast from 2019 to 2029
Global Automotive Hydrogen Fuel Cell Market: Introduction
Hydrogen has been proposed as a future transportation fuel for zero emission vehicles, because of its potential to reduce greenhouse gas emissions in the transport sector as well as air pollutant emissions. Subsequently, hydrogen fuel cells are developed to offer a sustainable mobility in the future. Although a hydrogen fuel cell vehicle has no tailpipe emissions of carbon or air pollutants, there can be “upstream” emissions from producing hydrogen.
Recent analysis suggests that low carbon futures suggest that a variety of vehicles with hydrogen fuel cell could play a major role in the future light duty vehicle fleet. Launching an automotive hydrogen fuel cell involves surmounting an array of challenging economic and logistical barriers, which suggests a role for policy.
Although there has been progress, the costs of automotive hydrogen fuel cell vehicles are still high, consumer adoption and market growth are uncertain, and building a new hydrogen infrastructure will be costly and risky. Subsequently, the aim of the study is to analyze the most recent trends, dynamics, and potential strategies in the global automotive hydrogen fuel cell market.
Global Automotive Hydrogen Fuel Cell Market: Dynamics
Automotive hydrogen fuel cell vehicles began commercial introduction in Japan, Europe and the U.S. (notably California), in 2013. Prominent OEMs including Hyundai, Toyota and Honda have entered the automotive hydrogen fuel cell market. Nissan, GM and Daimler have announced plans to commercialize FCVs (Automotive hydrogen duel cell vehicles) within the next few years. Automotive hydrogen fuel cell is also being demonstrated in fleet vehicles such as transit buses where there are currently a few dozen in operation with a few hundred planned over the next few years and trucks.
Markets for automotive hydrogen fuel cells are growing rapidly, more than doubling in 2016. Although current automotive hydrogen fuel cell vehicles are costly, obstructing the growth of the automotive hydrogen fuel cell market. Moreover, the growth of high-cost automotive hydrogen fuel cell market is mainly curtailed by the prevalence of conventional or gasoline/diesel driven buses. Today automotive hydrogen fuel cell buses offer an attractive business case and a lower total cost of ownership compared to other low and zero-emission options and fuel cost parity with diesel buses.
Global Automotive Hydrogen Fuel Cell Market: Regional Outlook
Currently, North America and China are at the forefront of the automotive hydrogen fuel cell market owing to significant investments and initiatives. Furthermore, in the long run, Europe and other South East Asian nations will likely to emerge as lucrative regions for the automotive hydrogen fuel cell market.
In a nutshell, investments will be the key for the rapid development of automotive hydrogen fuel cell market. In North America and Europe the emphasis has been more on automotive hydrogen fuel cell light duty vehicles, although automotive hydrogen fueled buses and trucks are also being demonstrated. There is strong interest in “power to gas” concepts in Europe.
In China, there is interest in long-distance zero emission intercity transit via automotive hydrogen fuel cell buses, while urban light duty vehicles rely more on batteries. Moreover, public funding for automotive hydrogen fuel cells currently exceeds a billion per year globally. Japan, Germany, the European Union, South Korea, and the U.S. each have programs of at least US$ 100 million per year.
Global Automotive Hydrogen Fuel Cell Market: Key Participants
List of some of the prominent market participants in the global Automotive Hydrogen Fuel Cell market discerned across the value chain include:
- Ballard Power
- Bloom Energy
- Adelan Ltd
- Altergy Systems
- Doosan Fuel Cell America
The research report – Automotive Hydrogen Fuel Cell presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on Automotive Hydrogen Fuel Cell market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Automotive Hydrogen Fuel Cell market segments such as geographies, application, and industry.
Avail customized purchase options for your needs
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain in the Automotive Hydrogen Fuel Cell market. The report – Automotive Hydrogen Fuel Cell provide in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Automotive Hydrogen Fuel Cell market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
- Detailed overview of Automotive Hydrogen Fuel Cell market
- Changing Automotive Hydrogen Fuel Cell market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected Automotive Hydrogen Fuel Cell market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Automotive Hydrogen Fuel Cell market performance
- Must-have information for Automotive Hydrogen Fuel Cell market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Interested to Procure The Data
Global Automotive Hydrogen Fuel Cell Market: Segments
The global automotive hydrogen fuel cell market can be segmented on the basis of vehicle type and region.
On the basis of vehicle type, the global automotive hydrogen fuel cell market can be segmented as:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Buses & Coaches
- Trucks & Trailers
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.