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Global Automotive Fuel Cell Market, By Type: (Polymer Electronic Membrane Fuel Cell, Direct Methanol Fuel Cell, Alkaline Fuel Cell, and Phosphoric Acid Fuel Cell), By Vehicle Type (Passenger Cars and Commercial Vehicles) By Power Output (Below 100 KW, 100 to 200 KW, and Above 200 KW) Market - Growth, Future Prospects, Post COVID-19 Scenario 2020 - 2028

 Report Code
 Category
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MNR-1452
Automotive
04 May 2021
123
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Fuel cell is the most demanding technology in electric vehicles as in fuel cell, energy of combustion of fuels like hydrogen, methane, methanol directly converts into electric energy. With the growing concerns regarding environmental pollution and increasing emphasis on pollution free vehicles demand of fuel cell is increasing with significant rate. The concept of fuel cell technology is old however, current initiative taken by several governments and growing funding from public as well as private sector to produce alternative fuel solutions has fueled the research and rapid commercialization of fuel cell in passenger and commercial vehicles. On the other hand, complexities with the fuel cell engines, high cost of hydrogen gas, and difficulties with handling hydrogen gas restricting the growth of the market. The COVID-19 pandemic conditions affected overall automobile industry. Strict lockdowns and restrictions on personnel movements resulted in temporary shutdown of automobile companies. Also, with the disruption of supply chain and distributor network overall sale of the vehicles affected throughout the world. Though many original equipment manufacturers (OEM) do not report major loss during the pandemic period.
 
The automotive fuel cell market is bifurcated based on type, vehicle type, power output and geography. Different fuel cell types include polymer electronic membrane, fuel cell, direct methanol fuel cell, alkaline fuel cell, phosphoric acid fuel cell, etc. these fuel cells are majorly used in passenger and commercial vehicles. Based on power output these fuel cells are categorized into below 100 KW, 100 to 200 KW, and Above 200 KW.

The global automotive fuel cell market is highly competitive due to the growing demand for fuel cells and the development of novel fuel cell technologies. Some of the key participants operating in the global market are Ballard Power Systems Inc., SFC Energy AG, Nuvera Fuel Cells LLC, Hyundai Group, Cummins Inc., Plug Power, Toyota Motor Corporation, Doosan Fuel Cell Co Ltd, Nedstack Fuel Cell Technology B.V., and Hyster Yale among others.
 
Global Automotive Fuel Cell Market, By Type

Based on the type the global automotive fuel cell market is bifurcated into the following
  • Polymer Electronic Membrane Fuel Cell
  • Direct Methanol Fuel Cell
  • Alkaline Fuel Cell
  • Phosphoric Acid Fuel Cell
Report Parameters Details of Parameter
Considered year for estimation 2021
Historical data 2015 – 2020
Forecast period covered 2021 – 2028
Segments covered Product Types, Applications, End-Users, Regions, Top Companies and more.
Top companies Ballard Power Systems Inc., SFC Energy AG, Nuvera Fuel Cells LLC, Hyundai Group, Cummins Inc., Plug Power, Toyota Motor Corporation, Doosan Fuel Cell Co Ltd, Nedstack Fuel Cell Technology B.V., and Hyster Yale
By type Polymer Electronic Membrane Fuel Cell, Direct Methanol Fuel Cell, Alkaline Fuel Cell, Phosphoric Acid Fuel Cell
By vehicle type Passenger Cars, Commercial Vehicles
Region covered North America, Europe, Asia Pacific, Latin America, Middle East, Africa and more

Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Automotive Fuel Cell Value Share, By Type, 2019 & 2028(% Value)


In 2020, polymer electronic membrane fuel cell segment held the largest share by type. The segment held around 31% of the share in the global market in 2020. Advantage with the polymer electronic membrane fuel cell such as high-power density, low weight and volume as compared to other fuel cell contributing to large share in the overall market.
 
Global Automotive Fuel Cell Market, By Vehicle Type

Based on the vehicle type the global automotive fuel cell market is bifurcated into the following
  • Passenger Cars
  • Commercial Vehicles
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Automotive Fuel Cell Value Share, By Vehicle Type, 2019 & 2028(% Value)


In 2020, passenger vehicles segment held the largest share of the market, the segment held around 64% share of the market in 2020. Growing research on applications of fuel cell in passenger car has contributed significant share in the market. Whereas, commercial vechicles segment is expected to grow at rapid rate over the forecast period.
 
Global Automotive Fuel Cell Market, By Power Output

Based on the power output the global automotive fuel cell market is bifurcated into the following
  • Below 100 KW
  • 100 to 200 KW
  • Above 200 KW
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Automotive Fuel Cell Value Share, By Power Output, 2019 & 2028(% Value)


In 2020, 100 to 200 KW segment held the largest share of the market, the segment held around 48% share of the market in 2020. Large demand of this power output range in large as well as small vehicles is driving the growth of the segment in overall market.
 
Global Automotive Fuel Cell Market, By Geography

Based on geography, the automotive fuel cell market is segmented into following:
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Automotive Fuel Cell Value Share, By Geography, 2019 & 2028(% Value)


In 2020, North America held the largest share in the automotive fuel cell market, and expected to register strong growth over the forecast period. Well-developed automobile sector and increasing demand for alternate fuel driving the growth of the market in this region. On the other side, rapidly growing automobile sector in Asia pacific is expected to spur the demand of automotive fuel cell over the forecast period. Europe on other hand expected to contribute significant revenue in the global automotive fuel cell market. The market is primarily driven by green initiatives taken by governments in the region.

Chapter 1 Preface
        1.1 Report Description
                1.1.1 Aim of the Report
                1.1.2 Report Target Audience
                1.1.3 Report Offering
        1.2 Research Scope
        1.3 Research Methodology
                1.3.1 Phase I – Secondary Research
                1.3.2 Phase II – Primary Research
                1.3.3 Phase III – Expert Panel Review
                1.3.4 Assumptions
                1.3.5 Top-Down and Bottom-Up Approach

Chapter 2 Executive Summary
        2.1 Market Snapshot: Global Automotive Fuel Cells Market
        2.2 Global Automotive Fuel Cells Market, By Type
        2.3 Global Automotive Fuel Cells Market, By Vehicle Type
        2.4 Global Automotive Fuel Cells Market, By Power Output
        2.5 Global Automotive Fuel Cells Market, By Geography

Chapter 3 Market Dynamics
        3.1 Product and Market Insights
                3.1.1 Global Automotive Fuel Cells Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
        3.2 Market Dynamics
                3.2.1 Growth Drivers
                3.2.2 Market Restraints
                3.2.3 Impact Analysis of Drivers and Restraints
                3.2.4 COVID-19 Impact
        3.3 Attractive Investment Proposition
        3.4 Competitive Analysis
                3.4.1 Competitive Landscape in the Automotive Fuel Cells Market

Chapter 4 Global Automotive Fuel Cells Market Analysis, By Type
        4.1 Overview
        4.2 Polymer Electronic Membrane Fuel Cell
                4.2.1 Global Polymer Electronic Membrane Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
        4.3 Direct Methanol Fuel Cell
                4.3.1 Global Direct Methanol Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
        4.4 Alkaline Fuel Cell
                4.4.1 Global Alkaline Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
        4.5 Phosphoric Acid Fuel Cell
                4.5.1 Global Phosphoric Acid Fuel Cell Market Value, 2018 – 2028, (US$ Mn)

Chapter 5 Global Automotive Fuel Cells Market Analysis, By Vehicle Type
        5.1 Overview
        5.2 Passenger Cars
                5.2.1 Global Passenger Cars Market Value, 2018 – 2028, (US$ Mn)
        5.3 Commercial Vehicles
                5.3.1 Global Commercial Vehicles Market Value, 2018 – 2028, (US$ Mn)

Chapter 6 Global Automotive Fuel Cells Market Analysis, By Power Output
        6.1 Overview
        6.2 Below 100 KW
                6.2.1 Global Below 100 KW Market Value, 2018 – 2028, (US$ Mn)
        6.3 100 to 200 KW
                6.3.1 Global 100 to 200 KW Market Value, 2018 – 2028, (US$ Mn)
        6.4 Above 200 KW
                6.4.1 Global Above 200 KW Market Value, 2018 – 2028, (US$ Mn)

Chapter 7 North America Automotive Fuel Cells Market Analysis
        7.1 Overview
        7.2 North America Automotive Fuel Cells Market Analysis, By Type, 2018 – 2028
                7.2.1 Market Analysis
        7.3 North America Automotive Fuel Cells Market Analysis, By Vehicle Type, 2018 – 2028
                7.3.1 Market Analysis
        7.4 North America Automotive Fuel Cells Market Analysis, By Power Output, 2018 – 2028
                7.4.1 Market Analysis
        7.5 North America Automotive Fuel Cells Market Analysis, By Country, 2018 – 2028
                7.5.1 Market Analysis
                7.5.2 U.S.
                7.5.3 Canada

Chapter 8 Europe Automotive Fuel Cells Market Analysis
        8.1 Overview
        8.2 Europe Automotive Fuel Cells Market Analysis, By Type, 2018 – 2028
                8.2.1 Market Analysis
        8.3 Europe Automotive Fuel Cells Market Analysis, By Vehicle Type, 2018 – 2028
                8.3.1 Market Analysis
        8.4 Europe Automotive Fuel Cells Market Analysis, By Power Output, 2018 – 2028
                8.4.1 Market Analysis
        8.5 Europe Automotive Fuel Cells Market Analysis, By Country, 2018 – 2028
                8.5.1 Market Analysis
                8.5.2 UK
                8.5.3 Germany
                8.5.4 France
                8.5.5 Rest of Europe

Chapter 9 Asia Pacific Automotive Fuel Cells Market Analysis
        9.1 Overview
        9.2 Asia Pacific Automotive Fuel Cells Market Analysis, By Type, 2018 – 2028
                9.2.1 Market Analysis
        9.3 Asia Pacific Automotive Fuel Cells Market Analysis, By Vehicle Type, 2018 – 2028
                9.3.1 Market Analysis
        9.4 Asia Pacific Automotive Fuel Cells Market Analysis, By Power Output, 2018 – 2028
                9.4.1 Market Analysis
        9.5 Asia Pacific Automotive Fuel Cells Market Analysis, By Country, 2018 – 2028
                9.5.1 Market Analysis
                9.5.2 China
                9.5.3 Japan
                9.5.4 India
                9.5.5 Rest of Asia Pacific

Chapter 10 Latin America Automotive Fuel Cells Market Analysis
        10.1 Overview
        10.2 Latin America Automotive Fuel Cells Market Analysis, By Type, 2018 – 2028
                10.2.1 Market Analysis
        10.3 Latin America Automotive Fuel Cells Market Analysis, By Vehicle Type, 2018 – 2028
                10.3.1 Market Analysis
        10.4 Latin America Automotive Fuel Cells Market Analysis, By Power Output, 2018 – 2028
                10.4.1 Market Analysis
        10.5 Latin America Automotive Fuel Cells Market Analysis, By Country, 2018 – 2028
                10.5.1 Market Analysis
                10.5.2 Mexico
                10.5.3 Brazil
                10.5.4 Rest of Latin America

Chapter 11 Middle East and Africa (MEA) Automotive Fuel Cells Market Analysis
        11.1 Overview
        11.2 MEA Automotive Fuel Cells Market Analysis, By Type, 2018 – 2028
                11.2.1 Market Analysis
        11.3 MEA Automotive Fuel Cells Market Analysis, By Vehicle Type, 2018 – 2028
                11.3.1 Market Analysis
        11.4 MEA Automotive Fuel Cells Market Analysis, By Power Output, 2018 – 2028
                11.4.1 Market Analysis
        11.5 MEA Automotive Fuel Cells Market Analysis, By Country, 2018 – 2028
                11.5.1 Market Analysis
                11.5.2 GCC Countries
                11.5.3 South Africa
                11.5.4 Rest of MEA

Chapter 12 Company Profiles
        12.1 Ballard Power Systems Inc.
                12.1.1 Ballard Power Systems Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.2 Doosan Fuel Cell Co Ltd
                12.2.1 Doosan Fuel Cell Co Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.3 Toyota Motor Corporation
                12.3.1 Toyota Motor Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.4 Hyundai Group
                12.4.1 Hyundai Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.5 Hyster Yale
                12.5.1 Hyster Yale: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.6 Plug Power
                12.6.1 Plug Power: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.7 Nuvera Fuel Cells LLC
                12.7.1 Nuvera Fuel Cells LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.8 Nedstack Fuel Cell Technology B.V.
                12.8.1 Nedstack Fuel Cell Technology B.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.9 Cummins Inc.
                12.9.1 Cummins Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        12.10 SFC Energy AG
                12.10.1 SFC Energy AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
 

List of Figures

FIG. 1 Global Automotive Fuel Cells Market: Research Methodology
FIG. 2 Top-Down and Bottom Up Approach
FIG. 3 Global Automotive Fuel Cells Market, By Type, 2020 (US$ Mn)
FIG. 4 Global Automotive Fuel Cells Market, By Vehicle Type, 2020 (US$ Mn)
FIG. 5 Global Automotive Fuel Cells Market, By Power Output, 2020 (US$ Mn)
FIG. 6 Global Automotive Fuel Cells Market, By Geography, 2020 (US$ Mn)
FIG. 7 Global Automotive Fuel Cells Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG. 8 Attractive Investment Proposition
FIG. 9 Market Positioning of Key Automotive Fuel Cells Providers, 2020
FIG. 10 Global Automotive Fuel Cells Market Value Share, By Type, 2020 & 2028 (% Value)
FIG. 11 Global Polymer Electronic Membrane Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
FIG. 12 Global Direct Methanol Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
FIG. 13 Global Alkaline Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
FIG. 14 Global Phosphoric Acid Fuel Cell Market Value, 2018 – 2028, (US$ Mn)
FIG. 15 Global Automotive Fuel Cells Market Value Share, By Vehicle Type, 2020 & 2028 (% Value)
FIG. 16 Global Passenger Cars Market Value, 2018 – 2028, (US$ Mn)
FIG. 17 Global Commercial Vehicles Market Value, 2018 – 2028, (US$ Mn)
FIG. 18 Global Automotive Fuel Cells Market Value Share, By Power Output, 2020 & 2028 (% Value)
FIG. 19 Global Below 100 KW Market Value, 2018 – 2028, (US$ Mn)
FIG. 20 Global 100 to 200 KW Market Value, 2018 – 2028, (US$ Mn)
FIG. 21 Global Above 200 KW Market Value, 2018 – 2028, (US$ Mn)
FIG. 22 U.S. Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 23 Canada Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 24 UK Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 25 Germany Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 26 France Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 27 Rest of Europe Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 28 China Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 29 Japan Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 30 India Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 31 Rest of Asia Pacific Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 32 Mexico Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 33 Brazil Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 34 Rest of Latin America Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 35 GCC Countries Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 36 South Africa Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
FIG. 37 Rest of MEA Automotive Fuel Cells Market Value, 2018 – 2028, (US$ Mn)
 

List of Tables

TABLE 1 Market Snapshot: Global Automotive Fuel Cells Market
TABLE 2 Impact Pointers
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Automotive Fuel Cells Market Value, By Type, 2018 – 2028
TABLE 5 North America Automotive Fuel Cells Market Value, By Vehicle Type, 2018 – 2028
TABLE 6 North America Automotive Fuel Cells Market Value, By Power Output, 2018 – 2028
TABLE 7 North America Automotive Fuel Cells Market Value, By Country, 2018 – 2028
TABLE 8 Europe Automotive Fuel Cells Market Value, By Type, 2018 – 2028
TABLE 9 Europe Automotive Fuel Cells Market Value, By Vehicle Type, 2018 – 2028
TABLE 10 Europe Automotive Fuel Cells Market Value, By Power Output, 2018 – 2028
TABLE 11 Europe Automotive Fuel Cells Market Value, By Country, 2018 – 2028
TABLE 12 Asia Pacific Automotive Fuel Cells Market Value, By Type, 2018 – 2028
TABLE 13 Asia Pacific Automotive Fuel Cells Market Value, By Vehicle Type, 2018 – 2028
TABLE 14 Asia Pacific Automotive Fuel Cells Market Value, By Power Output, 2018 – 2028
TABLE 15 Asia Pacific Automotive Fuel Cells Market Value, By Country, 2018 – 2028
TABLE 16 Latin America Automotive Fuel Cells Market Value, By Type, 2018 – 2028
TABLE 17 Latin America Automotive Fuel Cells Market Value, By Vehicle Type, 2018 – 2028
TABLE 18 Latin America Automotive Fuel Cells Market Value, By Power Output, 2018 – 2028
TABLE 19 Latin America Automotive Fuel Cells Market Value, By Country, 2018 – 2028
TABLE 20 MEA Automotive Fuel Cells Market Value, By Type, 2018 – 2028
TABLE 21 MEA Automotive Fuel Cells Market Value, By Vehicle Type, 2018 – 2028
TABLE 22 MEA Automotive Fuel Cells Market Value, By Power Output, 2018 – 2028
TABLE 23 MEA Automotive Fuel Cells Market Value, By Country, 2018 – 2028
TABLE 24 Ballard Power Systems Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 25 Doosan Fuel Cell Co Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 26 Toyota Motor Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 27 Hyundai Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 28 Hyster Yale: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 29 Plug Power: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 30 Nuvera Fuel Cells LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 31 Nedstack Fuel Cell Technology B.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 32 Cummins Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 33 SFC Energy AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

No Methodology

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