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Global Automotive Fuel Cells Market Research Report 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 was valued at US$ 553.6 million in 2023 and is anticipated to reach US$ 1348.4 million by 2030, witnessing a CAGR of 13.4% during the forecast period 2024-2030.
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%.
This report aims to provide a comprehensive presentation of the global market for Automotive Fuel Cells, 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 Automotive Fuel Cells.
Report Scope
The Automotive Fuel Cells market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Fuel Cells market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Fuel Cells manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Toyota
Honda
Hyundai
Ballard
Nedstack
Segment by Type
Hydrogen Fuel Cell
Others
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive Fuel Cells manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive Fuel Cells by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive Fuel Cells 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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 was valued at US$ 553.6 million in 2023 and is anticipated to reach US$ 1348.4 million by 2030, witnessing a CAGR of 13.4% during the forecast period 2024-2030.
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%.
This report aims to provide a comprehensive presentation of the global market for Automotive Fuel Cells, 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 Automotive Fuel Cells.
Report Scope
The Automotive Fuel Cells market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Fuel Cells market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Fuel Cells manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Toyota
Honda
Hyundai
Ballard
Nedstack
Segment by Type
Hydrogen Fuel Cell
Others
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive Fuel Cells manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive Fuel Cells by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive Fuel Cells 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 Automotive Fuel Cells Market Overview
1.1 Product Definition
1.2 Automotive Fuel Cells Segment by Type
1.2.1 Global Automotive Fuel Cells Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Hydrogen Fuel Cell
1.2.3 Others
1.3 Automotive Fuel Cells Segment by Application
1.3.1 Global Automotive Fuel Cells Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Automotive Fuel Cells Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Automotive Fuel Cells Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Automotive Fuel Cells Production Estimates and Forecasts (2019-2030)
1.4.4 Global Automotive Fuel Cells Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automotive Fuel Cells Production Market Share by Manufacturers (2019-2024)
2.2 Global Automotive Fuel Cells Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Automotive Fuel Cells, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Automotive Fuel Cells Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automotive Fuel Cells Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Automotive Fuel Cells, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automotive Fuel Cells, Product Offered and Application
2.8 Global Key Manufacturers of Automotive Fuel Cells, Date of Enter into This Industry
2.9 Automotive Fuel Cells Market Competitive Situation and Trends
2.9.1 Automotive Fuel Cells Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automotive Fuel Cells Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automotive Fuel Cells Production by Region
3.1 Global Automotive Fuel Cells Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Automotive Fuel Cells Production Value by Region (2019-2030)
3.2.1 Global Automotive Fuel Cells Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Automotive Fuel Cells by Region (2025-2030)
3.3 Global Automotive Fuel Cells Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Automotive Fuel Cells Production by Region (2019-2030)
3.4.1 Global Automotive Fuel Cells Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Automotive Fuel Cells by Region (2025-2030)
3.5 Global Automotive Fuel Cells Market Price Analysis by Region (2019-2024)
3.6 Global Automotive Fuel Cells Production and Value, Year-over-Year Growth
3.6.1 North America Automotive Fuel Cells Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Automotive Fuel Cells Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Automotive Fuel Cells Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Automotive Fuel Cells Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Automotive Fuel Cells Production Value Estimates and Forecasts (2019-2030)
4 Automotive Fuel Cells Consumption by Region
4.1 Global Automotive Fuel Cells Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Automotive Fuel Cells Consumption by Region (2019-2030)
4.2.1 Global Automotive Fuel Cells Consumption by Region (2019-2024)
4.2.2 Global Automotive Fuel Cells Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Automotive Fuel Cells Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Automotive Fuel Cells Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automotive Fuel Cells Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Automotive Fuel Cells Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automotive Fuel Cells Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Automotive Fuel Cells Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automotive Fuel Cells Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Automotive Fuel Cells Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automotive Fuel Cells Production by Type (2019-2030)
5.1.1 Global Automotive Fuel Cells Production by Type (2019-2024)
5.1.2 Global Automotive Fuel Cells Production by Type (2025-2030)
5.1.3 Global Automotive Fuel Cells Production Market Share by Type (2019-2030)
5.2 Global Automotive Fuel Cells Production Value by Type (2019-2030)
5.2.1 Global Automotive Fuel Cells Production Value by Type (2019-2024)
5.2.2 Global Automotive Fuel Cells Production Value by Type (2025-2030)
5.2.3 Global Automotive Fuel Cells Production Value Market Share by Type (2019-2030)
5.3 Global Automotive Fuel Cells Price by Type (2019-2030)
6 Segment by Application
6.1 Global Automotive Fuel Cells Production by Application (2019-2030)
6.1.1 Global Automotive Fuel Cells Production by Application (2019-2024)
6.1.2 Global Automotive Fuel Cells Production by Application (2025-2030)
6.1.3 Global Automotive Fuel Cells Production Market Share by Application (2019-2030)
6.2 Global Automotive Fuel Cells Production Value by Application (2019-2030)
6.2.1 Global Automotive Fuel Cells Production Value by Application (2019-2024)
6.2.2 Global Automotive Fuel Cells Production Value by Application (2025-2030)
6.2.3 Global Automotive Fuel Cells Production Value Market Share by Application (2019-2030)
6.3 Global Automotive Fuel Cells Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Toyota
7.1.1 Toyota Automotive Fuel Cells Corporation Information
7.1.2 Toyota Automotive Fuel Cells Product Portfolio
7.1.3 Toyota Automotive Fuel Cells Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Toyota Main Business and Markets Served
7.1.5 Toyota Recent Developments/Updates
7.2 Honda
7.2.1 Honda Automotive Fuel Cells Corporation Information
7.2.2 Honda Automotive Fuel Cells Product Portfolio
7.2.3 Honda Automotive Fuel Cells Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Honda Main Business and Markets Served
7.2.5 Honda Recent Developments/Updates
7.3 Hyundai
7.3.1 Hyundai Automotive Fuel Cells Corporation Information
7.3.2 Hyundai Automotive Fuel Cells Product Portfolio
7.3.3 Hyundai Automotive Fuel Cells Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Hyundai Main Business and Markets Served
7.3.5 Hyundai Recent Developments/Updates
7.4 Ballard
7.4.1 Ballard Automotive Fuel Cells Corporation Information
7.4.2 Ballard Automotive Fuel Cells Product Portfolio
7.4.3 Ballard Automotive Fuel Cells Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Ballard Main Business and Markets Served
7.4.5 Ballard Recent Developments/Updates
7.5 Nedstack
7.5.1 Nedstack Automotive Fuel Cells Corporation Information
7.5.2 Nedstack Automotive Fuel Cells Product Portfolio
7.5.3 Nedstack Automotive Fuel Cells Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Nedstack Main Business and Markets Served
7.5.5 Nedstack Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automotive Fuel Cells Industry Chain Analysis
8.2 Automotive Fuel Cells Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automotive Fuel Cells Production Mode & Process
8.4 Automotive Fuel Cells Sales and Marketing
8.4.1 Automotive Fuel Cells Sales Channels
8.4.2 Automotive Fuel Cells Distributors
8.5 Automotive Fuel Cells Customers
9 Automotive Fuel Cells Market Dynamics
9.1 Automotive Fuel Cells Industry Trends
9.2 Automotive Fuel Cells Market Drivers
9.3 Automotive Fuel Cells Market Challenges
9.4 Automotive Fuel Cells Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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