The automotive Fuel cell market is projected to exhibit a significant growth rate in the coming years, primarily propelled by factors such as rising use of alternative fuels, demand for enhanced security and comfort, and increasing demands for emission-free vehicles.

Highlighted with 85 tables and 88 figures, this 175-page report “Global Automotive Fuel Cell Market 2022-2031 by Electrolyte Type (PEMFC, DMFC, AFC, PAFC, Others), Component (Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, LCV, Buses, Trucks, Others), Fuel Type (Hydrogen, Methanol), Power Output (250 KW), Operating Miles (Below 250 Miles, 250-500 Miles, Above 500 Miles), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global automotive fuel cell market and all its sub-segments through extensively detailed classifications.

Global Automotive Fuel cell market will reach $18,112.9 million by 2031, growing by 30.4% annually over 2022-2031, driven by the increasing demand for zero-emission vehicles and government subsidies as tax benefits to promote fuel cell vehicles, the growing concerns for environmental pollution, the quick fuel fill-up time compared to battery-based electric vehicles, and advanced technologies to improve the vehicle efficacy.

The main drivers for the automotive fuel cell market are growing demand for electric vehicles, high operational and maintenance costs of traditional engines, and government initiatives aimed at increasing energy security. Besides these factors, favorable government initiatives such as tax benefits for innovators would help accelerate this growth.

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Based on Electrolyte Type, the global automotive fuel cell market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

• Proton-Exchange Membrane Fuel Cell (PEMFC)
• Direct Methanol Fuel Cell (DMFC)
• Alkaline Fuel Cell (AFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Other Electrolyte Types

Based on Component, the global automotive fuel cell market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

• Fuel Stack
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier

By Vehicle Type, the global automotive fuel cell market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses
• Trucks
• Other Commercial Vehicles

By Fuel Type, the global automotive fuel cell market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

• Hydrogen
• Methanol

By Power Output, the global automotive fuel cell market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

• • 150-250 KW
• >250 KW

By Operating Miles, the global automotive fuel cell market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.

• Below 250 Miles
• 250-500 Miles
• Above 500 Miles

Geographically, the following regions together with the listed national/local markets are fully investigated:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Ballard Power Systems Inc.
BorgWarner Inc.
Ceres Power Holdings PLC
Cummins Inc.
Doosan Fuel Cell Co., Ltd.
Elringklinger AG
Horizon Fuel Cell Technologies Pte. Ltd.
Hydrogenics Corporation
Intelligent Energy Limited
ITM Power PLC
Nedstack Fuel Cell Technology BV
Nuvera Fuel Cells LLC
Oorja Corporation
Plug Power Inc.
PowerCell Sweden AB
Proton Motor Fuel Cell GmbH
SFC Energy AG
Watt Fuel Cell Corporation