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Global Automotive Fuel Cell Market 2021-2031 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 (<150 KW, 150-250 KW, >250 KW), Operating Miles (Below 250 Miles, 250-500 Miles, above 500 Miles), and Region: Trend Forecast and Growth Opportunity

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Published on 08/04/2022| Code: GMD24001| Category: Energy & Power| Total Pages: 239

Global automotive fuel cell market will reach $18,112.9 million by 2031, growing by 30.4% annually over 2021-2031, 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.
Highlighted with 85 tables and 88 figures, this 175-page report “Global Automotive Fuel Cell Market 2021-2031 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 (<150 KW, 150-250 KW, >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. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global automotive fuel cell market in every aspect of the classification from perspectives of Electrolyte Type, Component, Vehicle Type, Fuel Type, Power Output, Operating Miles, and Region.

Based on Electrolyte Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 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 market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Fuel Stack
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier

By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses
• Trucks
• Other Commercial Vehicles

By Fuel Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Hydrogen
• Methanol

By Power Output, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• < 150 KW
• 150-250 KW
• >250 KW

By Operating Miles, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 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:
• 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)
• 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)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Electrolyte Type, Vehicle Type and Operating Miles over the forecast years are also included.

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
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 27
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of Global Market by Electrolyte Type 45
3.1 Market Overview by Electrolyte Type 45
3.2 Proton-Exchange Membrane Fuel Cell (PEMFC) 47
3.3 Direct Methanol Fuel Cell (DMFC) 48
3.4 Alkaline Fuel Cell (AFC) 49
3.5 Phosphoric Acid Fuel Cell (PAFC) 50
3.6 Other Electrolyte Types 51
4 Segmentation of Global Market by Component 52
4.1 Market Overview by Component 52
4.2 Fuel Stack 54
4.3 Fuel Processor 55
4.4 Power Conditioner 56
4.5 Air Compressor 57
4.6 Humidifier 58
5 Segmentation of Global Market by Vehicle Type 59
5.1 Market Overview by Vehicle Type 59
5.2 Passenger Cars 61
5.3 Light Commercial Vehicles (LCV) 63
5.4 Buses 64
5.5 Trucks 65
5.6 Other Commercial Vehicles 66
6 Segmentation of Global Market by Fuel Type 67
6.1 Market Overview by Fuel Type 67
6.2 Hydrogen 69
6.3 Methanol 70
7 Segmentation of Global Market by Power Output 71
7.1 Market Overview by Power Output 71
7.2 < 150 KW 73
7.3 150-250 KW 74
7.4 > 250 KW 75
8 Segmentation of Global Market by Operating Miles 76
8.1 Market Overview by Operating Miles 76
8.2 Below 250 Miles 78
8.3 250-500 Miles 79
8.4 Above 500 Miles 80
9 Segmentation of Global Market by Region 81
9.1 Geographic Market Overview 2021-2031 81
9.2 North America Market 2021-2031 by Country 85
9.2.1 Overview of North America Market 85
9.2.2 U.S. 89
9.2.3 Canada 92
9.2.4 Mexico 94
9.3 European Market 2021-2031 by Country 96
9.3.1 Overview of European Market 96
9.3.2 Germany 100
9.3.3 U.K. 102
9.3.4 France 104
9.3.5 Spain 106
9.3.6 Italy 108
9.3.7 Netherlands 110
9.3.8 Rest of European Market 112
9.4 Asia-Pacific Market 2021-2031 by Country 114
9.4.1 Overview of Asia-Pacific Market 114
9.4.2 Japan 118
9.4.3 China 121
9.4.4 Australia 123
9.4.5 India 125
9.4.6 South Korea 127
9.4.7 Rest of APAC Region 129
9.5 South America Market 2021-2031 by Country 131
9.5.1 Argentina 134
9.5.2 Brazil 136
9.5.3 Chile 138
9.5.4 Rest of South America Market 140
9.6 MEA Market 2021-2031 by Country 141
9.6.1 UAE 144
9.6.2 Saudi Arabia 146
9.6.3 South Africa 148
9.6.4 Other National Markets 150
10 Competitive Landscape 151
10.1 Overview of Key Vendors 151
10.2 New Product Launch, Partnership, Investment, and M&A 155
10.3 Company Profiles 156
Ballard Power Systems Inc. 156
BorgWarner Inc. 158
Ceres Power Holdings PLC 159
Cummins Inc. 160
Doosan Fuel Cell Co., Ltd. 161
Elringklinger AG 162
Horizon Fuel Cell Technologies Pte. Ltd. 163
Hydrogenics Corporation 164
Intelligent Energy Limited 165
ITM Power PLC 166
Nedstack Fuel Cell Technology BV 167
Nuvera Fuel Cells LLC 168
Oorja Corporation 169
Plug Power Inc. 170
PowerCell Sweden AB 171
Proton Motor Fuel Cell GmbH 172
SFC Energy AG 173
Watt Fuel Cell Corporation 174
RELATED REPORTS 175

List of Figures:

Figure 1. A Scheme of Automotive Fuel Cell System 10
Figure 2. Research Method Flow Chart 14
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 19
Figure 5. Global Automotive Fuel Cell Market, 2021-2031, $ mn 22
Figure 6. Impact of COVID-19 on Business 27
Figure 7. Primary Drivers and Impact Factors of Global Automotive Fuel Cell Market 29
Figure 8. World Electric Vehicle Market, 2019-2030, $ bn 32
Figure 9. Primary Restraints and Impact Factors of Global Automotive Fuel Cell Market 34
Figure 10. Investment Opportunity Analysis 38
Figure 11. Porter’s Fiver Forces Analysis of Global Automotive Fuel Cell Market 41
Figure 12. Breakdown of Global Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, % of Revenue 46
Figure 13. Global Addressable Market Cap in 2022-2031 by Electrolyte Type, Value ($ mn) and Share (%) 46
Figure 14. Global Automotive Fuel Cell Market by Electrolyte Type: Proton-Exchange Membrane Fuel Cell (PEMFC), 2021-2031, $ mn 47
Figure 15. Global Automotive Fuel Cell Market by Electrolyte Type: Direct Methanol Fuel Cell (DMFC), 2021-2031, $ mn 48
Figure 16. Global Automotive Fuel Cell Market by Electrolyte Type: Alkaline Fuel Cell (AFC), 2021-2031, $ mn 49
Figure 17. Global Automotive Fuel Cell Market by Electrolyte Type: Phosphoric Acid Fuel Cell (PAFC), 2021-2031, $ mn 50
Figure 18. Global Automotive Fuel Cell Market by Electrolyte Type: Other Electrolyte Types, 2021-2031, $ mn 51
Figure 19. Breakdown of Global Automotive Fuel Cell Market by Component, 2021-2031, % of Sales Revenue 53
Figure 20. Global Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 53
Figure 21. Global Automotive Fuel Cell Market by Component: Fuel Stack, 2021-2031, $ mn 54
Figure 22. Global Automotive Fuel Cell Market by Component: Fuel Processor, 2021-2031, $ mn 55
Figure 23. Global Automotive Fuel Cell Market by Component: Power Conditioner, 2021-2031, $ mn 56
Figure 24. Global Automotive Fuel Cell Market by Component: Air Compressor, 2021-2031, $ mn 57
Figure 25. Global Automotive Fuel Cell Market by Component: Humidifier, 2021-2031, $ mn 58
Figure 26. Breakdown of Global Automotive Fuel Cell Market by Vehicle Type, 2021-2031, % of Sales Revenue 60
Figure 27. Global Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%) 60
Figure 28. Global Automotive Fuel Cell Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn 61
Figure 29. Global Automotive Fuel Cell Market by Vehicle Type: Light Commercial Vehicles (LCV), 2021-2031, $ mn 63
Figure 30. Global Automotive Fuel Cell Market by Vehicle Type: Buses, 2021-2031, $ mn 64
Figure 31. Global Automotive Fuel Cell Market by Vehicle Type: Trucks, 2021-2031, $ mn 65
Figure 32. Global Automotive Fuel Cell Market by Vehicle Type: Other Commercial Vehicles, 2021-2031, $ mn 66
Figure 33. Breakdown of Global Automotive Fuel Cell Market by Fuel Type, 2021-2031, % of Revenue 68
Figure 34. Global Addressable Market Cap in 2022-2031 by Fuel Type, Value ($ mn) and Share (%) 68
Figure 35. Global Automotive Fuel Cell Market by Fuel Type: Hydrogen, 2021-2031, $ mn 69
Figure 36. Global Automotive Fuel Cell Market by Fuel Type: Methanol, 2021-2031, $ mn 70
Figure 37. Breakdown of Global Automotive Fuel Cell Market by Power Output, 2021-2031, % of Revenue 72
Figure 38. Global Addressable Market Cap in 2022-2031 by Power Output, Value ($ mn) and Share (%) 72
Figure 39. Global Automotive Fuel Cell Market by Power Output: < 150 KW, 2021-2031, $ mn 73
Figure 40. Global Automotive Fuel Cell Market by Power Output: 150-250 KW, 2021-2031, $ mn 74
Figure 41. Global Automotive Fuel Cell Market by Power Output: > 250 KW, 2021-2031, $ mn 75
Figure 42. Breakdown of Global Automotive Fuel Cell Market by Operating Miles, 2021-2031, % of Revenue 76
Figure 43. Global Addressable Market Cap in 2022-2031 by Operating Miles, Value ($ mn) and Share (%) 77
Figure 44. Global Automotive Fuel Cell Market by Operating Miles: Below 250 Miles, 2021-2031, $ mn 78
Figure 45. Global Automotive Fuel Cell Market by Operating Miles: 250-500 Miles, 2021-2031, $ mn 79
Figure 46. Global Automotive Fuel Cell Market by Operating Miles: Above 500 Miles, 2021-2031, $ mn 80
Figure 47. Global Market Snapshot by Region 81
Figure 48. Geographic Spread of Worldwide Automotive Fuel Cell Market, 2021-2031, % of Sales Revenue 82
Figure 49. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%) 83
Figure 50. North American Automotive Fuel Cell Market, 2021-2031, $ mn 86
Figure 51. Breakdown of North America Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue 87
Figure 52. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 88
Figure 53. U.S. Automotive Fuel Cell Market, 2021-2031, $ mn 90
Figure 54. Canada Automotive Fuel Cell Market, 2021-2031, $ mn 92
Figure 55. Automotive Fuel Cell Market in Mexico, 2021-2031, $ mn 94
Figure 56. European Automotive Fuel Cell Market, 2021-2031, $ mn 97
Figure 57. Breakdown of European Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue 98
Figure 58. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 99
Figure 59. Automotive Fuel Cell Market in Germany, 2021-2031, $ mn 100
Figure 60. Automotive Fuel Cell Market in U.K., 2021-2031, $ mn 102
Figure 61. Automotive Fuel Cell Market in France, 2021-2031, $ mn 104
Figure 62. Automotive Fuel Cell Market in Spain, 2021-2031, $ mn 106
Figure 63. Automotive Fuel Cell Market in Italy, 2021-2031, $ mn 108
Figure 64. Automotive Fuel Cell Market in Netherlands, 2021-2031, $ mn 110
Figure 65. Automotive Fuel Cell Market in Rest of Europe, 2021-2031, $ mn 112
Figure 66. Asia-Pacific Automotive Fuel Cell Market, 2021-2031, $ mn 115
Figure 67. Breakdown of APAC Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue 115
Figure 68. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 117
Figure 69. Automotive Fuel Cell Market in Japan, 2021-2031, $ mn 119
Figure 70. Automotive Fuel Cell Market in China, 2021-2031, $ mn 121
Figure 71. Automotive Fuel Cell Market in Australia, 2021-2031, $ mn 123
Figure 72. Automotive Fuel Cell Market in India, 2021-2031, $ mn 125
Figure 73. Automotive Fuel Cell Market in South Korea, 2021-2031, $ mn 127
Figure 74. Automotive Fuel Cell Market in Rest of APAC, 2021-2031, $ mn 129
Figure 75. South America Automotive Fuel Cell Market, 2021-2031, $ mn 132
Figure 76. Breakdown of South America Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue 132
Figure 77. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 133
Figure 78. Automotive Fuel Cell Market in Argentina, 2021-2031, $ mn 134
Figure 79. Automotive Fuel Cell Market in Brazil, 2021-2031, $ mn 136
Figure 80. Automotive Fuel Cell Market in Chile, 2021-2031, $ mn 138
Figure 81. Automotive Fuel Cell Market in Rest of South America, 2021-2031, $ mn 140
Figure 82. Automotive Fuel Cell Market in Middle East and Africa (MEA), 2021-2031, $ mn 142
Figure 83. Breakdown of MEA Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue 142
Figure 84. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 143
Figure 85. Automotive Fuel Cell Market in UAE, 2021-2031, $ mn 144
Figure 86. Automotive Fuel Cell Market in Saudi Arabia, 2021-2031, $ mn 146
Figure 87. Automotive Fuel Cell Market in South Africa, 2021-2031, $ mn 148
Figure 88. Growth Stage of Global Automotive Fuel Cell Industry over the Forecast Period 151

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