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Fuel Cell Engine System-Global Market Insights and Sales Trends 2024
Synopsis
The fuel cell engine system is the "core" of the fuel cell vehicle. It is a zero-polluting ultimate environmentally friendly energy conversion device that generates electrical energy through the electrochemical reaction of hydrogen and oxygen. Its process does not involve combustion, has no mechanical loss, and has a high energy conversion rate. The products are only electricity, water and heat, zero pollution and low noise. The system includes a fuel supply subsystem, an air supply subsystem, a water and heat management subsystem, and a monitoring and control subsystem.
The global Fuel Cell Engine System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Fuel Cell Engine System in various end use industries. The expanding demands from the Commercial Vehicle and Passenger Vehicle, are propelling Fuel Cell Engine System market. Below 50kW, 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 50kW-80kW segment is estimated at % CAGR for the next seven-year period.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
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 Fuel Cell Engine System, 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 Fuel Cell Engine System 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 Fuel Cell Engine System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fuel Cell Engine System 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 Fuel Cell Engine System covered in this report include Plug Power, Nuvera Fuel Cells, LLC, Bosch, PowerCell Sweden, Shanghai Electric, Beijing SinoHytec Co, Shenzhen Vision Group, Shanghai Refire and Sunrise Power Co., Ltd., etc.
The global Fuel Cell Engine System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Plug Power
Nuvera Fuel Cells, LLC
Bosch
PowerCell Sweden
Shanghai Electric
Beijing SinoHytec Co
Shenzhen Vision Group
Shanghai Refire
Sunrise Power Co., Ltd.
Beijing IN-Power Renewable Energy Co.,Ltd
Dongfang Electric
Hyvitech
Global Fuel Cell Engine System 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 Fuel Cell Engine System market, Segment by Type:
Below 50kW
50kW-80kW
More than 80kW
Global Fuel Cell Engine System market, by Application
Commercial Vehicle
Passenger 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 Fuel Cell Engine System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fuel Cell Engine System 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.
The fuel cell engine system is the "core" of the fuel cell vehicle. It is a zero-polluting ultimate environmentally friendly energy conversion device that generates electrical energy through the electrochemical reaction of hydrogen and oxygen. Its process does not involve combustion, has no mechanical loss, and has a high energy conversion rate. The products are only electricity, water and heat, zero pollution and low noise. The system includes a fuel supply subsystem, an air supply subsystem, a water and heat management subsystem, and a monitoring and control subsystem.
The global Fuel Cell Engine System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Fuel Cell Engine System in various end use industries. The expanding demands from the Commercial Vehicle and Passenger Vehicle, are propelling Fuel Cell Engine System market. Below 50kW, 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 50kW-80kW segment is estimated at % CAGR for the next seven-year period.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
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 Fuel Cell Engine System, 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 Fuel Cell Engine System 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 Fuel Cell Engine System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fuel Cell Engine System 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 Fuel Cell Engine System covered in this report include Plug Power, Nuvera Fuel Cells, LLC, Bosch, PowerCell Sweden, Shanghai Electric, Beijing SinoHytec Co, Shenzhen Vision Group, Shanghai Refire and Sunrise Power Co., Ltd., etc.
The global Fuel Cell Engine System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Plug Power
Nuvera Fuel Cells, LLC
Bosch
PowerCell Sweden
Shanghai Electric
Beijing SinoHytec Co
Shenzhen Vision Group
Shanghai Refire
Sunrise Power Co., Ltd.
Beijing IN-Power Renewable Energy Co.,Ltd
Dongfang Electric
Hyvitech
Global Fuel Cell Engine System 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 Fuel Cell Engine System market, Segment by Type:
Below 50kW
50kW-80kW
More than 80kW
Global Fuel Cell Engine System market, by Application
Commercial Vehicle
Passenger 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 Fuel Cell Engine System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fuel Cell Engine System 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 Fuel Cell Engine System Market Overview
1.1 Fuel Cell Engine System Product Overview
1.2 Fuel Cell Engine System Market Segment by Type
1.2.1 Below 50kW
1.2.2 50kW-80kW
1.2.3 More than 80kW
1.3 Global Fuel Cell Engine System Market Size by Type
1.3.1 Global Fuel Cell Engine System Market Size Overview by Type (2018-2029)
1.3.2 Global Fuel Cell Engine System Historic Market Size Review by Type (2018-2023)
1.3.3 Global Fuel Cell Engine System Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Fuel Cell Engine System Sales Breakdown by Type (2018-2023)
1.4.2 Europe Fuel Cell Engine System Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Fuel Cell Engine System Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Fuel Cell Engine System Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Fuel Cell Engine System Sales Breakdown by Type (2018-2023)
2 Global Fuel Cell Engine System Market Competition by Company
2.1 Global Top Players by Fuel Cell Engine System Sales (2018-2023)
2.2 Global Top Players by Fuel Cell Engine System Revenue (2018-2023)
2.3 Global Top Players by Fuel Cell Engine System Price (2018-2023)
2.4 Global Top Manufacturers Fuel Cell Engine System Manufacturing Base Distribution, Sales Area, Product Type
2.5 Fuel Cell Engine System Market Competitive Situation and Trends
2.5.1 Fuel Cell Engine System Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Fuel Cell Engine System 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 Fuel Cell Engine System as of 2022)
2.7 Date of Key Manufacturers Enter into Fuel Cell Engine System Market
2.8 Key Manufacturers Fuel Cell Engine System Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Fuel Cell Engine System Status and Outlook by Region
3.1 Global Fuel Cell Engine System Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Fuel Cell Engine System Historic Market Size by Region
3.2.1 Global Fuel Cell Engine System Sales in Volume by Region (2018-2023)
3.2.2 Global Fuel Cell Engine System Sales in Value by Region (2018-2023)
3.2.3 Global Fuel Cell Engine System Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Fuel Cell Engine System Forecasted Market Size by Region
3.3.1 Global Fuel Cell Engine System Sales in Volume by Region (2024-2029)
3.3.2 Global Fuel Cell Engine System Sales in Value by Region (2024-2029)
3.3.3 Global Fuel Cell Engine System Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Fuel Cell Engine System by Application
4.1 Fuel Cell Engine System Market Segment by Application
4.1.1 Commercial Vehicle
4.1.2 Passenger Vehicle
4.2 Global Fuel Cell Engine System Market Size by Application
4.2.1 Global Fuel Cell Engine System Market Size Overview by Application (2018-2029)
4.2.2 Global Fuel Cell Engine System Historic Market Size Review by Application (2018-2023)
4.2.3 Global Fuel Cell Engine System Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Fuel Cell Engine System Sales Breakdown by Application (2018-2023)
4.3.2 Europe Fuel Cell Engine System Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Fuel Cell Engine System Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Fuel Cell Engine System Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Fuel Cell Engine System Sales Breakdown by Application (2018-2023)
5 North America Fuel Cell Engine System by Country
5.1 North America Fuel Cell Engine System Historic Market Size by Country
5.1.1 North America Fuel Cell Engine System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Fuel Cell Engine System Sales in Volume by Country (2018-2023)
5.1.3 North America Fuel Cell Engine System Sales in Value by Country (2018-2023)
5.2 North America Fuel Cell Engine System Forecasted Market Size by Country
5.2.1 North America Fuel Cell Engine System Sales in Volume by Country (2024-2029)
5.2.2 North America Fuel Cell Engine System Sales in Value by Country (2024-2029)
6 Europe Fuel Cell Engine System by Country
6.1 Europe Fuel Cell Engine System Historic Market Size by Country
6.1.1 Europe Fuel Cell Engine System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Fuel Cell Engine System Sales in Volume by Country (2018-2023)
6.1.3 Europe Fuel Cell Engine System Sales in Value by Country (2018-2023)
6.2 Europe Fuel Cell Engine System Forecasted Market Size by Country
6.2.1 Europe Fuel Cell Engine System Sales in Volume by Country (2024-2029)
6.2.2 Europe Fuel Cell Engine System Sales in Value by Country (2024-2029)
7 Asia-Pacific Fuel Cell Engine System by Region
7.1 Asia-Pacific Fuel Cell Engine System Historic Market Size by Region
7.1.1 Asia-Pacific Fuel Cell Engine System Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Fuel Cell Engine System Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Fuel Cell Engine System Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Fuel Cell Engine System Forecasted Market Size by Region
7.2.1 Asia-Pacific Fuel Cell Engine System Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Fuel Cell Engine System Sales in Value by Region (2024-2029)
8 Latin America Fuel Cell Engine System by Country
8.1 Latin America Fuel Cell Engine System Historic Market Size by Country
8.1.1 Latin America Fuel Cell Engine System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Fuel Cell Engine System Sales in Volume by Country (2018-2023)
8.1.3 Latin America Fuel Cell Engine System Sales in Value by Country (2018-2023)
8.2 Latin America Fuel Cell Engine System Forecasted Market Size by Country
8.2.1 Latin America Fuel Cell Engine System Sales in Volume by Country (2024-2029)
8.2.2 Latin America Fuel Cell Engine System Sales in Value by Country (2024-2029)
9 Middle East and Africa Fuel Cell Engine System by Country
9.1 Middle East and Africa Fuel Cell Engine System Historic Market Size by Country
9.1.1 Middle East and Africa Fuel Cell Engine System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Fuel Cell Engine System Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Fuel Cell Engine System Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Fuel Cell Engine System Forecasted Market Size by Country
9.2.1 Middle East and Africa Fuel Cell Engine System Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Fuel Cell Engine System Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Plug Power
10.1.1 Plug Power Company Information
10.1.2 Plug Power Introduction and Business Overview
10.1.3 Plug Power Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Plug Power Fuel Cell Engine System Products Offered
10.1.5 Plug Power Recent Development
10.2 Nuvera Fuel Cells, LLC
10.2.1 Nuvera Fuel Cells, LLC Company Information
10.2.2 Nuvera Fuel Cells, LLC Introduction and Business Overview
10.2.3 Nuvera Fuel Cells, LLC Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Nuvera Fuel Cells, LLC Fuel Cell Engine System Products Offered
10.2.5 Nuvera Fuel Cells, LLC Recent Development
10.3 Bosch
10.3.1 Bosch Company Information
10.3.2 Bosch Introduction and Business Overview
10.3.3 Bosch Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Bosch Fuel Cell Engine System Products Offered
10.3.5 Bosch Recent Development
10.4 PowerCell Sweden
10.4.1 PowerCell Sweden Company Information
10.4.2 PowerCell Sweden Introduction and Business Overview
10.4.3 PowerCell Sweden Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.4.4 PowerCell Sweden Fuel Cell Engine System Products Offered
10.4.5 PowerCell Sweden Recent Development
10.5 Shanghai Electric
10.5.1 Shanghai Electric Company Information
10.5.2 Shanghai Electric Introduction and Business Overview
10.5.3 Shanghai Electric Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Shanghai Electric Fuel Cell Engine System Products Offered
10.5.5 Shanghai Electric Recent Development
10.6 Beijing SinoHytec Co
10.6.1 Beijing SinoHytec Co Company Information
10.6.2 Beijing SinoHytec Co Introduction and Business Overview
10.6.3 Beijing SinoHytec Co Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Beijing SinoHytec Co Fuel Cell Engine System Products Offered
10.6.5 Beijing SinoHytec Co Recent Development
10.7 Shenzhen Vision Group
10.7.1 Shenzhen Vision Group Company Information
10.7.2 Shenzhen Vision Group Introduction and Business Overview
10.7.3 Shenzhen Vision Group Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shenzhen Vision Group Fuel Cell Engine System Products Offered
10.7.5 Shenzhen Vision Group Recent Development
10.8 Shanghai Refire
10.8.1 Shanghai Refire Company Information
10.8.2 Shanghai Refire Introduction and Business Overview
10.8.3 Shanghai Refire Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Shanghai Refire Fuel Cell Engine System Products Offered
10.8.5 Shanghai Refire Recent Development
10.9 Sunrise Power Co., Ltd.
10.9.1 Sunrise Power Co., Ltd. Company Information
10.9.2 Sunrise Power Co., Ltd. Introduction and Business Overview
10.9.3 Sunrise Power Co., Ltd. Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Sunrise Power Co., Ltd. Fuel Cell Engine System Products Offered
10.9.5 Sunrise Power Co., Ltd. Recent Development
10.10 Beijing IN-Power Renewable Energy Co.,Ltd
10.10.1 Beijing IN-Power Renewable Energy Co.,Ltd Company Information
10.10.2 Beijing IN-Power Renewable Energy Co.,Ltd Introduction and Business Overview
10.10.3 Beijing IN-Power Renewable Energy Co.,Ltd Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Beijing IN-Power Renewable Energy Co.,Ltd Fuel Cell Engine System Products Offered
10.10.5 Beijing IN-Power Renewable Energy Co.,Ltd Recent Development
10.11 Dongfang Electric
10.11.1 Dongfang Electric Company Information
10.11.2 Dongfang Electric Introduction and Business Overview
10.11.3 Dongfang Electric Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Dongfang Electric Fuel Cell Engine System Products Offered
10.11.5 Dongfang Electric Recent Development
10.12 Hyvitech
10.12.1 Hyvitech Company Information
10.12.2 Hyvitech Introduction and Business Overview
10.12.3 Hyvitech Fuel Cell Engine System Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hyvitech Fuel Cell Engine System Products Offered
10.12.5 Hyvitech Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Fuel Cell Engine System 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 Fuel Cell Engine System Industrial Chain Analysis
11.4 Fuel Cell Engine System Market Dynamics
11.4.1 Fuel Cell Engine System Industry Trends
11.4.2 Fuel Cell Engine System Market Drivers
11.4.3 Fuel Cell Engine System Market Challenges
11.4.4 Fuel Cell Engine System Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Fuel Cell Engine System Distributors
12.3 Fuel Cell Engine System 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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