Automotive Fuel Cell Market - Trends Forecast Till 2028

Automotive Fuel Cell Market, By Component (Fuel Processor, Fuel Cell Stack, Power Conditioner, Air Compressor, Humidifier), Power Output, Hydrogen Fuel Stations, Vehicle Type (Passenger car, LCV, Truck, Bus), Operating Miles and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: April, 2021

Base Year Estimate: 2020

Report ID: D-AU-AFCM-134

Format:  

Number of Pages: 358

Domain: Automotive

Automotive Fuel Cell Market – Trends Forecast Till 2028

Global Automotive Fuel Cell Market is anticipated to reach USD 21,000 units in 2021 growing at a CAGR of 64.8% during the forecasting period, 2021-2028.

Automotive fuel cell are fuel cells used to power electric automobiles. These fuel cell derive energy from reaction which uses oxygen from air and compressed hydrogen. Usual fuel cell used in automobile is polymer electrolyte membrane fuel cell. In this an electrolyte to is trapped between a Cathode and an anode. These cells have less refuelling time and have a good range.

As the need for fuel independency increase and the better fuel efficiency offered by automotive fuel cell are some of the factors that have supported long-term expansion for foot and ankle devices industry.

Automotive Fuel Cell Market Report

Global Automotive Fuel Cell Market is segmented into Component, Power Output, Hydrogen Fuel Stations, Vehicle Type, Operating Miles and geography.

Component is segmented into Fuel Processor, Fuel Cell Stack, Power Conditioner, Air Compressor, and Humidifier

Vehicle Type segment is segmented into Passenger car, LCV, Truck, Bus

Geographically, global Automotive Fuel Cell Market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in global Automotive Fuel Cell Market are Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), Cummins (US) among others.

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In addition to the market data for Global Automotive Fuel Cell Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Global Automotive Fuel Cell Market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Automotive Fuel Cell Market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Global Automotive Fuel Cell Market.

Primary Respondent breakdown is given below:

Automotive Fuel Cell Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Global Automotive Fuel Cell Market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Global Automotive Fuel Cell Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 21,000 units

Growth Rate

CAGR of 64.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in units and CAGR from 2021 to 2028

Report Segmentation

Component , Power Output, Hydrogen Fuel Stations, Vehicle Type, Operating Miles and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), Cummins (US)

Available Customization

In addition to the market data for Global Automotive Fuel Cell Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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