The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive Fuel Cell Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive Fuel Cell market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The Automotive Fuel Cell Market is estimated to be 13.6 thousand units in 2020 and projected to reach 932.6 thousand units by 2028, at a CAGR of 69.7%. The key growth drivers for the market are higher efficiency than gasoline and diesel, longer driving range, fast refueling, increasing government initiatives and investment for the development of fuel cell technology, and increasing use of fuel cells in the transportation sector.
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive Fuel Cell market are included as given below:
Ballard Power Systems (Canada)
Hydrogenics (acquired by Cummins) (Canada)
ITM Power (UK)
Plug Power (US)
Hyundai Kefico Corporation (South Korea)
Sunrise Power(China)
Horizon Fuel Cell Technologies (Singapore)
Doosan Corporation (South Korea)
Delphi Technologies (UK)
Proton Power Systems PLC (UK)
The global Automotive Fuel Cell market has been segmented as below:
Automotive fuel cell market, by Component
Fuel Processor
Fuel Stack
Power Conditioner
Air Compressor
Humidifier
Automotive fuel cell market, by Power Output
<150 kW
150-250 kW
>250 kW
Automotive fuel cell market, by H2 Fuel Station
Asia Oceania
Europe
North America
Automotive fuel cell market, by Specialized Vehicle
Material handling vehicle
Auxiliary power unit for refrigerated truck
Automotive fuel cell market, by Vehicle Type
Passenger car
Bus
Light commercial vehicle (LCV)
Truck
Automotive fuel cell market, by Region
Asia Oceania
Europe
North America
Reasons to Purchase this Report:
Estimates Automotive Fuel Cell development trends with SWOT analysis
Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion
Market dynamics scenario, along with growth opportunities for players in the years to come
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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