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Automotive Fuel Cells-Global Market Insights and Sales Trends 2024
Synopsis
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 exhaust—they emit water vapor and warm air.
The global Automotive Fuel Cells market size is expected to reach US$ 1348.4 million by 2029, growing at a CAGR of 13.4% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Fuel Cells in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Fuel Cells market. Hydrogen Fuel Cell, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Others segment is estimated at % CAGR for the next seven-year period.
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 82%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Fuel Cells, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Fuel Cells market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Fuel Cells market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Fuel Cells sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Fuel Cells covered in this report include Toyota, Honda, Hyundai, Ballard and Nedstack, etc.
The global Automotive Fuel Cells market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toyota
Honda
Hyundai
Ballard
Nedstack
Global Automotive Fuel Cells market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Fuel Cells market, Segment by Type:
Hydrogen Fuel Cell
Others
Global Automotive Fuel Cells market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Fuel Cells manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Fuel Cells in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 exhaust—they emit water vapor and warm air.
The global Automotive Fuel Cells market size is expected to reach US$ 1348.4 million by 2029, growing at a CAGR of 13.4% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Fuel Cells in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Fuel Cells market. Hydrogen Fuel Cell, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Others segment is estimated at % CAGR for the next seven-year period.
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 82%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Fuel Cells, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Fuel Cells market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Fuel Cells market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Fuel Cells sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Fuel Cells covered in this report include Toyota, Honda, Hyundai, Ballard and Nedstack, etc.
The global Automotive Fuel Cells market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toyota
Honda
Hyundai
Ballard
Nedstack
Global Automotive Fuel Cells market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Fuel Cells market, Segment by Type:
Hydrogen Fuel Cell
Others
Global Automotive Fuel Cells market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Fuel Cells manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Fuel Cells in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Fuel Cells Market Overview
1.1 Automotive Fuel Cells Product Overview
1.2 Automotive Fuel Cells Market Segment by Type
1.2.1 Hydrogen Fuel Cell
1.2.2 Others
1.3 Global Automotive Fuel Cells Market Size by Type
1.3.1 Global Automotive Fuel Cells Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Fuel Cells Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Fuel Cells Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Fuel Cells Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Fuel Cells Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Fuel Cells Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Fuel Cells Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Fuel Cells Sales Breakdown by Type (2018-2023)
2 Global Automotive Fuel Cells Market Competition by Company
2.1 Global Top Players by Automotive Fuel Cells Sales (2018-2023)
2.2 Global Top Players by Automotive Fuel Cells Revenue (2018-2023)
2.3 Global Top Players by Automotive Fuel Cells Price (2018-2023)
2.4 Global Top Manufacturers Automotive Fuel Cells Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Fuel Cells Market Competitive Situation and Trends
2.5.1 Automotive Fuel Cells Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Fuel Cells Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Fuel Cells as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Fuel Cells Market
2.8 Key Manufacturers Automotive Fuel Cells Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Fuel Cells Status and Outlook by Region
3.1 Global Automotive Fuel Cells Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Fuel Cells Historic Market Size by Region
3.2.1 Global Automotive Fuel Cells Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Fuel Cells Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Fuel Cells Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Fuel Cells Forecasted Market Size by Region
3.3.1 Global Automotive Fuel Cells Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Fuel Cells Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Fuel Cells Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Fuel Cells by Application
4.1 Automotive Fuel Cells Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Commercial Vehicle
4.2 Global Automotive Fuel Cells Market Size by Application
4.2.1 Global Automotive Fuel Cells Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Fuel Cells Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Fuel Cells Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Fuel Cells Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Fuel Cells Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Fuel Cells Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Fuel Cells Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Fuel Cells Sales Breakdown by Application (2018-2023)
5 North America Automotive Fuel Cells by Country
5.1 North America Automotive Fuel Cells Historic Market Size by Country
5.1.1 North America Automotive Fuel Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Fuel Cells Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Fuel Cells Sales in Value by Country (2018-2023)
5.2 North America Automotive Fuel Cells Forecasted Market Size by Country
5.2.1 North America Automotive Fuel Cells Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Fuel Cells Sales in Value by Country (2024-2029)
6 Europe Automotive Fuel Cells by Country
6.1 Europe Automotive Fuel Cells Historic Market Size by Country
6.1.1 Europe Automotive Fuel Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Fuel Cells Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Fuel Cells Sales in Value by Country (2018-2023)
6.2 Europe Automotive Fuel Cells Forecasted Market Size by Country
6.2.1 Europe Automotive Fuel Cells Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Fuel Cells Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Fuel Cells by Region
7.1 Asia-Pacific Automotive Fuel Cells Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Fuel Cells Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Fuel Cells Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Fuel Cells Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Fuel Cells Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Fuel Cells Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Fuel Cells Sales in Value by Region (2024-2029)
8 Latin America Automotive Fuel Cells by Country
8.1 Latin America Automotive Fuel Cells Historic Market Size by Country
8.1.1 Latin America Automotive Fuel Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Fuel Cells Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Fuel Cells Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Fuel Cells Forecasted Market Size by Country
8.2.1 Latin America Automotive Fuel Cells Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Fuel Cells Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Fuel Cells by Country
9.1 Middle East and Africa Automotive Fuel Cells Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Fuel Cells Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Fuel Cells Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Fuel Cells Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Fuel Cells Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Fuel Cells Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Fuel Cells Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Toyota
10.1.1 Toyota Company Information
10.1.2 Toyota Introduction and Business Overview
10.1.3 Toyota Automotive Fuel Cells Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Toyota Automotive Fuel Cells Products Offered
10.1.5 Toyota Recent Development
10.2 Honda
10.2.1 Honda Company Information
10.2.2 Honda Introduction and Business Overview
10.2.3 Honda Automotive Fuel Cells Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Honda Automotive Fuel Cells Products Offered
10.2.5 Honda Recent Development
10.3 Hyundai
10.3.1 Hyundai Company Information
10.3.2 Hyundai Introduction and Business Overview
10.3.3 Hyundai Automotive Fuel Cells Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hyundai Automotive Fuel Cells Products Offered
10.3.5 Hyundai Recent Development
10.4 Ballard
10.4.1 Ballard Company Information
10.4.2 Ballard Introduction and Business Overview
10.4.3 Ballard Automotive Fuel Cells Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Ballard Automotive Fuel Cells Products Offered
10.4.5 Ballard Recent Development
10.5 Nedstack
10.5.1 Nedstack Company Information
10.5.2 Nedstack Introduction and Business Overview
10.5.3 Nedstack Automotive Fuel Cells Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nedstack Automotive Fuel Cells Products Offered
10.5.5 Nedstack Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Fuel Cells Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Fuel Cells Industrial Chain Analysis
11.4 Automotive Fuel Cells Market Dynamics
11.4.1 Automotive Fuel Cells Industry Trends
11.4.2 Automotive Fuel Cells Market Drivers
11.4.3 Automotive Fuel Cells Market Challenges
11.4.4 Automotive Fuel Cells Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Fuel Cells Distributors
12.3 Automotive Fuel Cells Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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