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The Global Automotive Fuel Cell market is expected to reach $14,409.71 million by 2026 growing at a CAGR of 55.3% during 2018 to 2026. An automotive fuel cell refers to a vehicle that is powered by hydrogen fuel for the propulsion of the automotive. The fuel is contained in high-pressure tanks and fed into a fuel cell stack, where the hydrogen and the oxygen found naturally in the air react with each other and generate electricity. Unlike conventional fuel cell vehicles that run on gasoline or diesel fuel cell vehicles combine hydrogen and oxygen to produce electricity. The fuel stacks are available in various vehicles such as cars, RVs, buses, and trucks. The factors such as increasing government initiatives, investment for the development of fuel cell technology, increasing use of fuel cells in the transportation sector, and growing awareness among customers are driving the market growth. However, hard to detect hydrogen leakages is hindering the market growth. Moreover, rising demand for fuel cell vehicles in automotive and transportation and FCEV commercial freight truck developments are the opportunities of automotive fuel cell market. Depending on component, fuel stack segment is anticipated to have lucrative growth during the forecast period, due to intensive R&D activities in the field of fuel cell technology. The fuel cell stack is an essential component of the fuel cell system. To generate more power and electricity, individual fuel cells are stacked. This assembly is called a fuel cell stack. Fuel stack is the most expensive component of a fuel cell system. The size of the stack defines the power output of the fuel cell. The number of fuel cell stacks can be increased to generate more power and electricity. As the stack size increases, the cost per unit power generated decreases. Hence, fuel cells are efficient for long-range transportation. The key vendors mentioned are Ballard Power Systems, Inc., Ceres Power Holdings PLC, Daimler AG, Honda Motor Co., Ltd., Hydrogenics Corporation, Hyundai Motor Company, ITM Power PLC, Nedstack fuel cell technology BV, Nissan Motor Co., Ltd., Nuvera Fuel Cells LLC, Panasonic Corporation, Plug Power Inc., Toshiba Corporation, Toyota Motor Corporation, Doosan Corporation, Delphi Technologies, Proton Power Systems PLC, Toray Industries, Sunrise Power Co., LTD., Bosch, and Audi. Power Outputs Covered: • >250 kW • 150–250 kW • <150 kW Components Covered: • Power Conditioner • Air Compressor • Fuel Processor • Humidifier • Fuel Stack Specialized Vehicles Covered: • Auxiliary Power Unit for Refrigerated Truck • Material Handling Vehicle Vehicle Types Covered: • Light Commercial Vehicle (LCV) • Truck • Passenger Car • Bus • Two Wheelers • Electric Vehicles • Heavy Commercial Vehicle (HCV) Electrolyte Types Covered: • Phosphoric Acid Fuel Cell (PAFC) • Proton Exchange Membrane Fuel Cell (PEMFC) Fuel Types Covered: • Methanol • Hydrogen Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2016 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Fuel Cell Market, By Power Output
5.1 Introduction
5.2 >250 kW
5.3 150–250 kW
5.4 <150 kW
6 Global Automotive Fuel Cell Market, By Component
6.1 Introduction
6.2 Power Conditioner
6.3 Air Compressor
6.4 Fuel Processor
6.5 Humidifier
6.6 Fuel Stack
7 Global Automotive Fuel Cell Market, By Specialized Vehicle
7.1 Introduction
7.2 Auxiliary Power Unit for Refrigerated Truck
7.3 Material Handling Vehicle
8 Global Automotive Fuel Cell Market, By Vehicle Type
8.1 Introduction
8.2 Light Commercial Vehicle (LCV)
8.3 Truck
8.4 Passenger Car
8.5 Bus
8.6 Two Wheelers
8.7 Electric Vehicles
8.8 Heavy Commercial Vehicle (HCV)
9 Global Automotive Fuel Cell Market, By Electrolyte Type
9.1 Introduction
9.2 Phosphoric Acid Fuel Cell (PAFC)
9.3 Proton Exchange Membrane Fuel Cell (PEMFC)
10 Global Automotive Fuel Cell Market, By Fuel Type
10.1 Introduction
10.2 Methanol
10.3 Hydrogen
11 Global Automotive Fuel Cell Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Strategic Benchmarking
13 Vendors Landscape
13.1 Ballard Power Systems, Inc.
13.2 Ceres Power Holdings PLC
13.3 Daimler AG
13.4 Honda Motor Co., Ltd.
13.5 Hydrogenics Corporation
13.6 Hyundai Motor Company
13.7 ITM Power PLC
13.8 Nedstack fuel cell technology BV
13.9 Nissan Motor Co., Ltd.
13.10 Nuvera Fuel Cells LLC
13.11 Panasonic Corporation
13.12 Plug Power Inc.
13.13 Toshiba Corporation
13.14 Toyota Motor Corporation
13.15 Doosan Corporation
13.16 Delphi Technologies
13.17 Proton Power Systems PLC
13.18 Toray Industries
13.19 Sunrise Power Co., LTD.
13.20 Bosch
13.21 Audi
List of Data Tables
Table 1 Global Automotive Fuel Cell Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Automotive Fuel Cell Market Outlook, By Power Output (2016-2026) ($MN)
Table 3 Global Automotive Fuel Cell Market Outlook, By >250 kW (2016-2026) ($MN)
Table 4 Global Automotive Fuel Cell Market Outlook, By 150–250 kW (2016-2026) ($MN)
Table 5 Global Automotive Fuel Cell Market Outlook, By <150 kW (2016-2026) ($MN)
Table 6 Global Automotive Fuel Cell Market Outlook, By Component (2016-2026) ($MN)
Table 7 Global Automotive Fuel Cell Market Outlook, By Power Conditioner (2016-2026) ($MN)
Table 8 Global Automotive Fuel Cell Market Outlook, By Air Compressor (2016-2026) ($MN)
Table 9 Global Automotive Fuel Cell Market Outlook, By Fuel Processor (2016-2026) ($MN)
Table 10 Global Automotive Fuel Cell Market Outlook, By Humidifier (2016-2026) ($MN)
Table 11 Global Automotive Fuel Cell Market Outlook, By Fuel Stack (2016-2026) ($MN)
Table 12 Global Automotive Fuel Cell Market Outlook, By Specialized Vehicle (2016-2026) ($MN)
Table 13 Global Automotive Fuel Cell Market Outlook, By Auxiliary Power Unit for Refrigerated Truck (2016-2026) ($MN)
Table 14 Global Automotive Fuel Cell Market Outlook, By Material Handling Vehicle (2016-2026) ($MN)
Table 15 Global Automotive Fuel Cell Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 16 Global Automotive Fuel Cell Market Outlook, By Light Commercial Vehicle (LCV) (2016-2026) ($MN)
Table 17 Global Automotive Fuel Cell Market Outlook, By Truck (2016-2026) ($MN)
Table 18 Global Automotive Fuel Cell Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 19 Global Automotive Fuel Cell Market Outlook, By Bus (2016-2026) ($MN)
Table 20 Global Automotive Fuel Cell Market Outlook, By Two Wheelers (2016-2026) ($MN)
Table 21 Global Automotive Fuel Cell Market Outlook, By Electric Vehicles (2016-2026) ($MN)
Table 22 Global Automotive Fuel Cell Market Outlook, By Heavy Commercial Vehicle (HCV) (2016-2026) ($MN)
Table 23 Global Automotive Fuel Cell Market Outlook, By Electrolyte Type (2016-2026) ($MN)
Table 24 Global Automotive Fuel Cell Market Outlook, By Phosphoric Acid Fuel Cell (PAFC) (2016-2026) ($MN)
Table 25 Global Automotive Fuel Cell Market Outlook, By Proton Exchange Membrane Fuel Cell (PEMFC) (2016-2026) ($MN)
Table 26 Global Automotive Fuel Cell Market Outlook, By Fuel Type (2016-2026) ($MN)
Table 27 Global Automotive Fuel Cell Market Outlook, By Methanol (2016-2026) ($MN)
Table 28 Global Automotive Fuel Cell Market Outlook, By Hydrogen (2016-2026) ($MN)
Table 29 North America Automotive Fuel Cell Market Outlook, By Power Output (2016-2026) ($MN)
Table 30 North America Automotive Fuel Cell Market Outlook, By Component (2016-2026) ($MN)
Table 31 North America Automotive Fuel Cell Market Outlook, By Specialized Vehicle (2016-2026) ($MN)
Table 32 North America Automotive Fuel Cell Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 33 North America Automotive Fuel Cell Market Outlook, By Electrolyte Type (2016-2026) ($MN)
Table 34 North America Automotive Fuel Cell Market Outlook, By Fuel Type (2016-2026) ($MN)
Table 35 Europe Automotive Fuel Cell Market Outlook, By Power Output (2016-2026) ($MN)
Table 36 Europe Automotive Fuel Cell Market Outlook, By Component (2016-2026) ($MN)
Table 37 Europe Automotive Fuel Cell Market Outlook, By Specialized Vehicle (2016-2026) ($MN)
Table 38 Europe Automotive Fuel Cell Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 39 Europe Automotive Fuel Cell Market Outlook, By Electrolyte Type (2016-2026) ($MN)
Table 40 Europe Automotive Fuel Cell Market Outlook, By Fuel Type (2016-2026) ($MN)
Table 41 Asia Pacific Automotive Fuel Cell Market Outlook, By Power Output (2016-2026) ($MN)
Table 42 Asia Pacific Automotive Fuel Cell Market Outlook, By Component (2016-2026) ($MN)
Table 43 Asia Pacific Automotive Fuel Cell Market Outlook, By Specialized Vehicle (2016-2026) ($MN)
Table 44 Asia Pacific Automotive Fuel Cell Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 45 Asia Pacific Automotive Fuel Cell Market Outlook, By Electrolyte Type (2016-2026) ($MN)
Table 46 Asia Pacific Automotive Fuel Cell Market Outlook, By Fuel Type (2016-2026) ($MN)
Table 47 South America Automotive Fuel Cell Market Outlook, By Power Output (2016-2026) ($MN)
Table 48 South America Automotive Fuel Cell Market Outlook, By Component (2016-2026) ($MN)
Table 49 South America Automotive Fuel Cell Market Outlook, By Specialized Vehicle (2016-2026) ($MN)
Table 50 South America Automotive Fuel Cell Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 51 South America Automotive Fuel Cell Market Outlook, By Electrolyte Type (2016-2026) ($MN)
Table 52 South America Automotive Fuel Cell Market Outlook, By Fuel Type (2016-2026) ($MN)
Table 53 Middle East & Africa Automotive Fuel Cell Market Outlook, By Power Output (2016-2026) ($MN)
Table 54 Middle East & Africa Automotive Fuel Cell Market Outlook, By Component (2016-2026) ($MN)
Table 55 Middle East & Africa Automotive Fuel Cell Market Outlook, By Specialized Vehicle (2016-2026) ($MN)
Table 56 Middle East & Africa Automotive Fuel Cell Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 57 Middle East & Africa Automotive Fuel Cell Market Outlook, By Electrolyte Type (2016-2026) ($MN)
Table 58 Middle East & Africa Automotive Fuel Cell Market Outlook, By Fuel Type (2016-2026) ($MN)