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Automotive Fuel Cells Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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Report Summary

The global automotive fuel cell vehicles are in the procedure of the reducing the dependence of many nations on oil imports and reduce harmful emissions that degrade the environment. The decreasing dependence on oil imports would eventually help in balancing the deficit in trade of several developing countries worldwide. The fuel cell vehicles are known to work on hydrogen vapor and not on gasoline & also emit a fair amount of harmful emissions. Nonetheless, they are equipped internally with high-end technological components that are generally not found in traditional vehicles. The higher power density, silent operations, and high-efficiency conversion are one of the major and most important boosting reasons of the global fuel cell vehicle market. However, the market is likely to be hampered by the large cost incurred during the initial stages, there are ample opportunities in the market that can benefit the market such as strong participation by principal market players and stringent environmental regulations. The lowering of the oil consumption means a reduction in oil import dependence, and the minimal air pollutants and greenhouse emissions will result into no climate change.

The fuel cell is a device which is converting the chemical energy from a fuel into electricity with a chemical reaction. The Fuel Cells involve a continuous source of fuel and oxygen to sustain the chemical reaction and can yield electricity for as long as these inputs are supplied. Every fuel cell is made up of three parts such as an anode, an electrolyte, and a cathode. The increasing number of advancements and need of fuel cells is reducing a dependency on foreign countries for oil, environmental concerns, rising oil prices, and also proves to be a good competitor for electric vehicles which faces the problems of bulky and very costly batteries. The global fuel cell market in the automotive industry is very competitive and is considered by the presence of numerous SMEs and major players that intensely compete with each other to gain maximum prominence in this market.

The introduction of new technologies and rising investment in the market are the two important factors that are expected to intensify competition between vendors. Key vendors in this market are Ballard Power Systems, ACAL Nuvera Fuel Cells, Plug Power, Hydrogenics, Watt Fuel Cell, ReliOn, Symbio FCell, Proton Motor, Nuvera Fuel Cell, Oorja Protonics, Novofuel, Intelligent Energy, H2 Logic, Heliocentrics, Elcore, Danthem Power, DDI Energy, Bing Energy, Bosch Thermo-technology, and AquaFairy. Other market players are Nissan, BMW, Toyota Motor Corporation, Audi AG, Daimler AG, GreenGT, Ballard, Proton Power Systems PLC, VW Group. Manufacturers are expected to conduct extensive research for technology developments.  The market is anticipated to witness a significant number of new players in the coming years.

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Table of Contents

TABLE OF CONTENTS

1. INTRODUCTION

1.1. Market Definition

1.2. Market Scope

1.3. Research Methodology

1.4. Sources

2. EXECUTIVE SUMMARY

2.1. Market Snapshot

3. INDUSTRY OVERVIEW

3.1. Introduction

3.2. Value Chain Analysis

3.3. Porter’s Five Forces Analysis

3.4. Key Trends

3.5. Opportunities

3.6. Drivers and their impact on forecast

3.7. Restraints and their impact on forecast

3.8. Type Positioning or Company Market Share

4. Global Automotive Fuel Cells Market, By Cell Type (2017-2023)

4.1. Global Automotive Fuel Cells Market, by Proton Exchange/Polymer Electrolyte Membrane Fuel Cell

4.2. Global Automotive Fuel Cells Market, by Zinc Air Fuel Cell

4.3. Global Automotive Fuel Cells Market, by Hydrogen Fuel Cell

4.4. Global Automotive Fuel Cells Market, by Phosphoric Acid Fuel Cell

5. Global Automotive Fuel Cells Market, By Vehicle Type (2017-2023)

5.1. Global Automotive Fuel Cells Market, by Passenger Cars

5.2. Global Automotive Fuel Cells Market, by Light Commercial Vehicles

5.3. Global Automotive Fuel Cells Market, by Heavy Commercial Vehicles

6. Global Automotive Fuel Cells Market, By Geography Analysis (2017-2023)

6.1. North America Automotive Fuel Cells Market

6.1.1. North America Automotive Fuel Cells Market, by Cell Type

6.1.2. North America Automotive Fuel Cells Market, by Vehicle Type

6.1.3. North America Automotive Fuel Cells Market, by Country

  6.1.3.1. U.S. Automotive Fuel Cells Market

  6.1.3.2. Rest of North America Automotive Fuel Cells Market

6.2. Europe Automotive Fuel Cells Market

6.2.1. Europe Automotive Fuel Cells Market, by Cell Type

6.2.2. Europe Automotive Fuel Cells Market, by Vehicle Type

6.2.3. Europe Automotive Fuel Cells Market, by Country

   6.2.3.1. UK Automotive Fuel Cells Market

   6.2.3.2. Rest of Europe Automotive Fuel Cells Market

6.3. Asia-Pacific Automotive Fuel Cells Market

6.3.1. Asia-Pacific Automotive Fuel Cells Market, by Cell Type

6.3.2. Asia-Pacific Automotive Fuel Cells Market, by Vehicle Type

6.3.3. Asia-Pacific Automotive Fuel Cells Market, by Country

   6.3.3.1. Japan Automotive Fuel Cells Market

  6.3.3.2. India Automotive Fuel Cells Market

  6.3.3.3. Australia Automotive Fuel Cells Market

  6.3.3.4. Rest of Asia-Pacific Automotive Fuel Cells Market

6.4. RoW Automotive Fuel Cells Market

6.4.1. RoW Automotive Fuel Cells Market, by Cell Type

6.4.2. RoW Automotive Fuel Cells Market, by Vehicle Type

6.4.3. RoW Automotive Fuel Cells Market, by Country

   6.4.3.1. Brazil Automotive Fuel Cells Market

   6.4.3.2. Others Automotive Fuel Cells Market

7. Key Company Profiles

7.1. Ballard Power Systems

7.1.1. Business Overview

7.1.2. Product and Service Offerings

7.1.3. Financial Overview

7.1.4. Recent Developments

7.2. ACAL Nuvera Fuel Cells

7.2.1. Business Overview

7.2.2. Product and Service Offerings

7.2.3. Financial Overview

7.2.4. Recent Developments

7.3. Plug Power

7.3.1. Business Overview

7.3.2. Product and Service Offerings

7.3.3. Financial Overview

        7.3.4. Recent Developments
7.4. Hydrogenics

7.4.1. Business Overview

7.4.2. Product and Service Offerings

7.4.3. Financial Overview

7.4.4. Recent Developments

7.5. Watt Fuel Cell

7.5.1. Business Overview

7.5.2. Product & Service Offerings

7.5.3. Financial Overview

7.5.4. Recent Developments

7.6. SymbioFCell

7.6.1. Business Overview

7.6.2. Product & Service Offerings

7.6.3. Financial Overview

7.6.4. Recent Developments

7.7. Proton Motor

7.7.1. Business Overview

7.7.2. Product and Service Offerings

7.7.3. Financial Overview

7.7.4. Recent Developments

7.8. OorjaProtonics

7.8.1. Business Overview

7.8.2. Product and Service Offerings

7.8.3. Financial Overview

7.8.4. Recent Developments

7.9. Nuvera Fuel Cell

  7.9.1. Business Overview

  7.9.2. Product and Service Offerings

  7.9.3. Financial Overview

  7.9.4. Recent Developments

7.10. Novofuel, Intelligent Energy

7.10.1. Business Overview

7.10.2. Product and Service Offerings

7.10.3. Financial Overview

7.10.4. Recent Developments

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Automotive Fuel Cells Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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The post Automotive Fuel Cells Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023 appeared first on Energias.



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