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Automotive Fuel-Cell-Global Market Insights and Sales Trends 2025
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-Cell market size is expected to reach US$ 698.2 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Fuel-Cell in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling Automotive Fuel-Cell market. Hydrogen, 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 Methanol segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
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 Automotive Fuel-Cell, 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 Automotive Fuel-Cell 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 Automotive Fuel-Cell market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Fuel-Cell 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 Automotive Fuel-Cell covered in this report include Toshiba, Ballard, Plug Power, Panasonic, Delphi, Hydrogenics, Nuvera, Doosan FuelCell and SFC, etc.
The global Automotive Fuel-Cell market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toshiba
Ballard
Plug Power
Panasonic
Delphi
Hydrogenics
Nuvera
Doosan FuelCell
SFC
WATT Fuel Cell
Global Automotive Fuel-Cell 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 Automotive Fuel-Cell market, Segment by Type:
Hydrogen
Methanol
Global Automotive Fuel-Cell market, by Application
Passenger Cars
Commercial Vehicles
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 Automotive Fuel-Cell manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Fuel-Cell 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.
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-Cell market size is expected to reach US$ 698.2 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Fuel-Cell in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling Automotive Fuel-Cell market. Hydrogen, 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 Methanol segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
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 Automotive Fuel-Cell, 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 Automotive Fuel-Cell 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 Automotive Fuel-Cell market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Fuel-Cell 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 Automotive Fuel-Cell covered in this report include Toshiba, Ballard, Plug Power, Panasonic, Delphi, Hydrogenics, Nuvera, Doosan FuelCell and SFC, etc.
The global Automotive Fuel-Cell market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toshiba
Ballard
Plug Power
Panasonic
Delphi
Hydrogenics
Nuvera
Doosan FuelCell
SFC
WATT Fuel Cell
Global Automotive Fuel-Cell 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 Automotive Fuel-Cell market, Segment by Type:
Hydrogen
Methanol
Global Automotive Fuel-Cell market, by Application
Passenger Cars
Commercial Vehicles
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 Automotive Fuel-Cell manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Fuel-Cell 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 Automotive Fuel-Cell Market Overview
1.1 Automotive Fuel-Cell Product Overview
1.2 Automotive Fuel-Cell Market Segment by Type
1.2.1 Hydrogen
1.2.2 Methanol
1.3 Global Automotive Fuel-Cell Market Size by Type
1.3.1 Global Automotive Fuel-Cell Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Fuel-Cell Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Fuel-Cell Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Fuel-Cell Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Fuel-Cell Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Fuel-Cell Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Fuel-Cell Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Fuel-Cell Sales Breakdown by Type (2018-2023)
2 Global Automotive Fuel-Cell Market Competition by Company
2.1 Global Top Players by Automotive Fuel-Cell Sales (2018-2023)
2.2 Global Top Players by Automotive Fuel-Cell Revenue (2018-2023)
2.3 Global Top Players by Automotive Fuel-Cell Price (2018-2023)
2.4 Global Top Manufacturers Automotive Fuel-Cell Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Fuel-Cell Market Competitive Situation and Trends
2.5.1 Automotive Fuel-Cell Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Fuel-Cell 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 Automotive Fuel-Cell as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Fuel-Cell Market
2.8 Key Manufacturers Automotive Fuel-Cell Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Fuel-Cell Status and Outlook by Region
3.1 Global Automotive Fuel-Cell Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Fuel-Cell Historic Market Size by Region
3.2.1 Global Automotive Fuel-Cell Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Fuel-Cell Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Fuel-Cell Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Fuel-Cell Forecasted Market Size by Region
3.3.1 Global Automotive Fuel-Cell Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Fuel-Cell Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Fuel-Cell Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Fuel-Cell by Application
4.1 Automotive Fuel-Cell Market Segment by Application
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.2 Global Automotive Fuel-Cell Market Size by Application
4.2.1 Global Automotive Fuel-Cell Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Fuel-Cell Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Fuel-Cell Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Fuel-Cell Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Fuel-Cell Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Fuel-Cell Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Fuel-Cell Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Fuel-Cell Sales Breakdown by Application (2018-2023)
5 North America Automotive Fuel-Cell by Country
5.1 North America Automotive Fuel-Cell Historic Market Size by Country
5.1.1 North America Automotive Fuel-Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Fuel-Cell Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Fuel-Cell Sales in Value by Country (2018-2023)
5.2 North America Automotive Fuel-Cell Forecasted Market Size by Country
5.2.1 North America Automotive Fuel-Cell Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Fuel-Cell Sales in Value by Country (2024-2029)
6 Europe Automotive Fuel-Cell by Country
6.1 Europe Automotive Fuel-Cell Historic Market Size by Country
6.1.1 Europe Automotive Fuel-Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Fuel-Cell Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Fuel-Cell Sales in Value by Country (2018-2023)
6.2 Europe Automotive Fuel-Cell Forecasted Market Size by Country
6.2.1 Europe Automotive Fuel-Cell Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Fuel-Cell Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Fuel-Cell by Region
7.1 Asia-Pacific Automotive Fuel-Cell Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Fuel-Cell Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Fuel-Cell Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Fuel-Cell Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Fuel-Cell Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Fuel-Cell Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Fuel-Cell Sales in Value by Region (2024-2029)
8 Latin America Automotive Fuel-Cell by Country
8.1 Latin America Automotive Fuel-Cell Historic Market Size by Country
8.1.1 Latin America Automotive Fuel-Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Fuel-Cell Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Fuel-Cell Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Fuel-Cell Forecasted Market Size by Country
8.2.1 Latin America Automotive Fuel-Cell Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Fuel-Cell Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Fuel-Cell by Country
9.1 Middle East and Africa Automotive Fuel-Cell Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Fuel-Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Fuel-Cell Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Fuel-Cell Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Fuel-Cell Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Fuel-Cell Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Fuel-Cell Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Toshiba
10.1.1 Toshiba Company Information
10.1.2 Toshiba Introduction and Business Overview
10.1.3 Toshiba Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Toshiba Automotive Fuel-Cell Products Offered
10.1.5 Toshiba Recent Development
10.2 Ballard
10.2.1 Ballard Company Information
10.2.2 Ballard Introduction and Business Overview
10.2.3 Ballard Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Ballard Automotive Fuel-Cell Products Offered
10.2.5 Ballard Recent Development
10.3 Plug Power
10.3.1 Plug Power Company Information
10.3.2 Plug Power Introduction and Business Overview
10.3.3 Plug Power Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Plug Power Automotive Fuel-Cell Products Offered
10.3.5 Plug Power Recent Development
10.4 Panasonic
10.4.1 Panasonic Company Information
10.4.2 Panasonic Introduction and Business Overview
10.4.3 Panasonic Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Panasonic Automotive Fuel-Cell Products Offered
10.4.5 Panasonic Recent Development
10.5 Delphi
10.5.1 Delphi Company Information
10.5.2 Delphi Introduction and Business Overview
10.5.3 Delphi Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Delphi Automotive Fuel-Cell Products Offered
10.5.5 Delphi Recent Development
10.6 Hydrogenics
10.6.1 Hydrogenics Company Information
10.6.2 Hydrogenics Introduction and Business Overview
10.6.3 Hydrogenics Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hydrogenics Automotive Fuel-Cell Products Offered
10.6.5 Hydrogenics Recent Development
10.7 Nuvera
10.7.1 Nuvera Company Information
10.7.2 Nuvera Introduction and Business Overview
10.7.3 Nuvera Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nuvera Automotive Fuel-Cell Products Offered
10.7.5 Nuvera Recent Development
10.8 Doosan FuelCell
10.8.1 Doosan FuelCell Company Information
10.8.2 Doosan FuelCell Introduction and Business Overview
10.8.3 Doosan FuelCell Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Doosan FuelCell Automotive Fuel-Cell Products Offered
10.8.5 Doosan FuelCell Recent Development
10.9 SFC
10.9.1 SFC Company Information
10.9.2 SFC Introduction and Business Overview
10.9.3 SFC Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.9.4 SFC Automotive Fuel-Cell Products Offered
10.9.5 SFC Recent Development
10.10 WATT Fuel Cell
10.10.1 WATT Fuel Cell Company Information
10.10.2 WATT Fuel Cell Introduction and Business Overview
10.10.3 WATT Fuel Cell Automotive Fuel-Cell Sales, Revenue and Gross Margin (2018-2023)
10.10.4 WATT Fuel Cell Automotive Fuel-Cell Products Offered
10.10.5 WATT Fuel Cell Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Fuel-Cell 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 Automotive Fuel-Cell Industrial Chain Analysis
11.4 Automotive Fuel-Cell Market Dynamics
11.4.1 Automotive Fuel-Cell Industry Trends
11.4.2 Automotive Fuel-Cell Market Drivers
11.4.3 Automotive Fuel-Cell Market Challenges
11.4.4 Automotive Fuel-Cell Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Fuel-Cell Distributors
12.3 Automotive Fuel-Cell 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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