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Fuel Cell Vehicles-Global Market Insights and Sales Trends 2025

Fuel Cell Vehicles-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1855221

No of Pages : 104

Synopsis
A fuel cell car (FCV) is a car powered by electric power generated by an on-board fuel cell device. The fuel used in an on-vehicle fuel cell apparatus is a highly-hydrogen-containing reformed gas obtained by reforming a high-purity hydrogen gas or a hydrogen-containing fuel. Compared with the usual electric vehicles, the difference in power is that the power used by the FCV comes from the vehicle-mounted fuel cell device, and the power used by the electric vehicle comes from the grid-charged battery. Therefore, the key to FCV is fuel cell.
The global Fuel Cell Vehicles market size is expected to reach US$ 1789.6 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Fuel Cell Vehicles in various end use industries. The expanding demands from the Forklifts, Airplanes, Submarines and Buses, are propelling Fuel Cell Vehicles market. Proton Exchange Membrane Fuel Cell, 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 Alkaline Fuel cell 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 Fuel Cell Vehicles, 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 Fuel Cell Vehicles 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 Fuel Cell Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fuel Cell Vehicles 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 Fuel Cell Vehicles covered in this report include Acumentrics SOFC Corporation, Automotive Fuel Cell Cooperation Corp, Ballard Power Systems, BMW, Audi, GreenGT, Proton Power Systems, Hydrogenics and Nissan, etc.
The global Fuel Cell Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Acumentrics SOFC Corporation
Automotive Fuel Cell Cooperation Corp
Ballard Power Systems
BMW
Audi
GreenGT
Proton Power Systems
Hydrogenics
Nissan
Toyota Motor Corporation
Daimler
Ballard
VW Group
Global Fuel Cell Vehicles 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 Fuel Cell Vehicles market, Segment by Type:
Proton Exchange Membrane Fuel Cell
Alkaline Fuel cell
Solid Oxide Fuel Cell
Global Fuel Cell Vehicles market, by Application
Forklifts
Airplanes
Submarines
Buses
Motorcycles & Bicycles
Trams
Boats
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 Fuel Cell Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fuel Cell Vehicles 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.
Index
1 Fuel Cell Vehicles Market Overview
1.1 Fuel Cell Vehicles Product Overview
1.2 Fuel Cell Vehicles Market Segment by Type
1.2.1 Proton Exchange Membrane Fuel Cell
1.2.2 Alkaline Fuel cell
1.2.3 Solid Oxide Fuel Cell
1.3 Global Fuel Cell Vehicles Market Size by Type
1.3.1 Global Fuel Cell Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global Fuel Cell Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Fuel Cell Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Fuel Cell Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Fuel Cell Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Fuel Cell Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Fuel Cell Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Fuel Cell Vehicles Sales Breakdown by Type (2018-2023)
2 Global Fuel Cell Vehicles Market Competition by Company
2.1 Global Top Players by Fuel Cell Vehicles Sales (2018-2023)
2.2 Global Top Players by Fuel Cell Vehicles Revenue (2018-2023)
2.3 Global Top Players by Fuel Cell Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Fuel Cell Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Fuel Cell Vehicles Market Competitive Situation and Trends
2.5.1 Fuel Cell Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Fuel Cell Vehicles 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 Fuel Cell Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Fuel Cell Vehicles Market
2.8 Key Manufacturers Fuel Cell Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Fuel Cell Vehicles Status and Outlook by Region
3.1 Global Fuel Cell Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Fuel Cell Vehicles Historic Market Size by Region
3.2.1 Global Fuel Cell Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Fuel Cell Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Fuel Cell Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Fuel Cell Vehicles Forecasted Market Size by Region
3.3.1 Global Fuel Cell Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Fuel Cell Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Fuel Cell Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Fuel Cell Vehicles by Application
4.1 Fuel Cell Vehicles Market Segment by Application
4.1.1 Forklifts
4.1.2 Airplanes
4.1.3 Submarines
4.1.4 Buses
4.1.5 Motorcycles & Bicycles
4.1.6 Trams
4.1.7 Boats
4.2 Global Fuel Cell Vehicles Market Size by Application
4.2.1 Global Fuel Cell Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global Fuel Cell Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Fuel Cell Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Fuel Cell Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Fuel Cell Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Fuel Cell Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Fuel Cell Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Fuel Cell Vehicles Sales Breakdown by Application (2018-2023)
5 North America Fuel Cell Vehicles by Country
5.1 North America Fuel Cell Vehicles Historic Market Size by Country
5.1.1 North America Fuel Cell Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Fuel Cell Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Fuel Cell Vehicles Sales in Value by Country (2018-2023)
5.2 North America Fuel Cell Vehicles Forecasted Market Size by Country
5.2.1 North America Fuel Cell Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Fuel Cell Vehicles Sales in Value by Country (2024-2029)
6 Europe Fuel Cell Vehicles by Country
6.1 Europe Fuel Cell Vehicles Historic Market Size by Country
6.1.1 Europe Fuel Cell Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Fuel Cell Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Fuel Cell Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Fuel Cell Vehicles Forecasted Market Size by Country
6.2.1 Europe Fuel Cell Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Fuel Cell Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Fuel Cell Vehicles by Region
7.1 Asia-Pacific Fuel Cell Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Fuel Cell Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Fuel Cell Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Fuel Cell Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Fuel Cell Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Fuel Cell Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Fuel Cell Vehicles Sales in Value by Region (2024-2029)
8 Latin America Fuel Cell Vehicles by Country
8.1 Latin America Fuel Cell Vehicles Historic Market Size by Country
8.1.1 Latin America Fuel Cell Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Fuel Cell Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Fuel Cell Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Fuel Cell Vehicles Forecasted Market Size by Country
8.2.1 Latin America Fuel Cell Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Fuel Cell Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Fuel Cell Vehicles by Country
9.1 Middle East and Africa Fuel Cell Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Fuel Cell Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Fuel Cell Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Fuel Cell Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Fuel Cell Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Fuel Cell Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Fuel Cell Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Acumentrics SOFC Corporation
10.1.1 Acumentrics SOFC Corporation Company Information
10.1.2 Acumentrics SOFC Corporation Introduction and Business Overview
10.1.3 Acumentrics SOFC Corporation Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Acumentrics SOFC Corporation Fuel Cell Vehicles Products Offered
10.1.5 Acumentrics SOFC Corporation Recent Development
10.2 Automotive Fuel Cell Cooperation Corp
10.2.1 Automotive Fuel Cell Cooperation Corp Company Information
10.2.2 Automotive Fuel Cell Cooperation Corp Introduction and Business Overview
10.2.3 Automotive Fuel Cell Cooperation Corp Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Automotive Fuel Cell Cooperation Corp Fuel Cell Vehicles Products Offered
10.2.5 Automotive Fuel Cell Cooperation Corp Recent Development
10.3 Ballard Power Systems
10.3.1 Ballard Power Systems Company Information
10.3.2 Ballard Power Systems Introduction and Business Overview
10.3.3 Ballard Power Systems Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Ballard Power Systems Fuel Cell Vehicles Products Offered
10.3.5 Ballard Power Systems Recent Development
10.4 BMW
10.4.1 BMW Company Information
10.4.2 BMW Introduction and Business Overview
10.4.3 BMW Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BMW Fuel Cell Vehicles Products Offered
10.4.5 BMW Recent Development
10.5 Audi
10.5.1 Audi Company Information
10.5.2 Audi Introduction and Business Overview
10.5.3 Audi Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Audi Fuel Cell Vehicles Products Offered
10.5.5 Audi Recent Development
10.6 GreenGT
10.6.1 GreenGT Company Information
10.6.2 GreenGT Introduction and Business Overview
10.6.3 GreenGT Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 GreenGT Fuel Cell Vehicles Products Offered
10.6.5 GreenGT Recent Development
10.7 Proton Power Systems
10.7.1 Proton Power Systems Company Information
10.7.2 Proton Power Systems Introduction and Business Overview
10.7.3 Proton Power Systems Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Proton Power Systems Fuel Cell Vehicles Products Offered
10.7.5 Proton Power Systems Recent Development
10.8 Hydrogenics
10.8.1 Hydrogenics Company Information
10.8.2 Hydrogenics Introduction and Business Overview
10.8.3 Hydrogenics Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hydrogenics Fuel Cell Vehicles Products Offered
10.8.5 Hydrogenics Recent Development
10.9 Nissan
10.9.1 Nissan Company Information
10.9.2 Nissan Introduction and Business Overview
10.9.3 Nissan Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Nissan Fuel Cell Vehicles Products Offered
10.9.5 Nissan Recent Development
10.10 Toyota Motor Corporation
10.10.1 Toyota Motor Corporation Company Information
10.10.2 Toyota Motor Corporation Introduction and Business Overview
10.10.3 Toyota Motor Corporation Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Toyota Motor Corporation Fuel Cell Vehicles Products Offered
10.10.5 Toyota Motor Corporation Recent Development
10.11 Daimler
10.11.1 Daimler Company Information
10.11.2 Daimler Introduction and Business Overview
10.11.3 Daimler Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Daimler Fuel Cell Vehicles Products Offered
10.11.5 Daimler Recent Development
10.12 Ballard
10.12.1 Ballard Company Information
10.12.2 Ballard Introduction and Business Overview
10.12.3 Ballard Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Ballard Fuel Cell Vehicles Products Offered
10.12.5 Ballard Recent Development
10.13 VW Group
10.13.1 VW Group Company Information
10.13.2 VW Group Introduction and Business Overview
10.13.3 VW Group Fuel Cell Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.13.4 VW Group Fuel Cell Vehicles Products Offered
10.13.5 VW Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Fuel Cell Vehicles 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 Fuel Cell Vehicles Industrial Chain Analysis
11.4 Fuel Cell Vehicles Market Dynamics
11.4.1 Fuel Cell Vehicles Industry Trends
11.4.2 Fuel Cell Vehicles Market Drivers
11.4.3 Fuel Cell Vehicles Market Challenges
11.4.4 Fuel Cell Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Fuel Cell Vehicles Distributors
12.3 Fuel Cell Vehicles 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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