Automotive Fuel Cell Market by Vehicle Type (Buses, Trucks, LCVs, Passenger Cars), Component, Fuel Cell Type, Fuel Type, Hydrogen Fuel Points, Operating Miles, Power Capacity, Specialized Vehicle Type and Region - Global forecast to 2030

自動車用燃料電池のグローバル市場予測(~2030):乗用車、LCV、バス、トラック

◆タイトル:Automotive Fuel Cell Market by Vehicle Type (Buses, Trucks, LCVs, Passenger Cars), Component, Fuel Cell Type, Fuel Type, Hydrogen Fuel Points, Operating Miles, Power Capacity, Specialized Vehicle Type and Region - Global forecast to 2030
◆商品コード:AT6131-22
◆調査・発行会社:MarketsandMarkets
◆発行日:2022年11月25日
◆ページ数:337
◆レポート形式:PDF / 英語
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◆調査対象地域:グローバル
◆産業分野:自動車
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【レポートの概要】

MarketsandMarkets社発行の当調査資料では、世界の自動車用燃料電池市場規模は、2022年25千台から2030年724千台まで年平均52.4%成長すると予測されています。当書は、自動車用燃料電池の世界市場について調査し、イントロダクション、調査手法、エグゼクティブサマリー、プレミアムインサイト、市場概要、車種別分析(乗用車、LCV、バス、トラック)、コンポーネント別分析(燃料スタック、 燃料プロセッサ、パワーコンディショナー、エアコンプレッサ、加湿器)、特装車タイプ別分析(マテリアルハンドリング車、冷凍トラック用補助動力装置)、走行距離別分析(0〜250マイル、251〜500マイル、500マイル以上)、地域別分析(アジア太平洋、ヨーロッパ、北米)、競争状況などの内容をまとめております。なお、参入企業情報として、Ballard Power Systems (Canada)、Toyota Motor Corporation (Japan)、Hyundai Group (South Korea)、Hyster Yale (US)、Plug Power (US)などが含まれています。
・イントロダクション
・調査手法
・エグゼクティブサマリー
・プレミアムインサイト
・市場概要

・世界の自動車用燃料電池市場規模:車種別
- 乗用車の市場規模
- LCVの市場規模
- バスの市場規模
- トラックの市場規模

・世界の自動車用燃料電池市場規模:コンポーネント別
- 燃料スタックの市場規模
- 燃料プロセッサの市場規模
- パワーコンディショナーの市場規模
- エアコンプレッサの市場規模
- 加湿器の市場規模

・世界の自動車用燃料電池市場規模:特装車タイプ別
- マテリアルハンドリング車の市場規模
- 冷凍トラック用補助動力装置の市場規模

・世界の自動車用燃料電池市場規模:走行距離別
- 走行距離0〜250マイル自動車用燃料電池の市場規模
- 走行距離251〜500マイル自動車用燃料電池の市場規模
- 走行距離500マイル以上自動車用燃料電池の市場規模

・世界の自動車用燃料電池市場規模:地域別
- アジア太平洋の自動車用燃料電池市場規模
- ヨーロッパの自動車用燃料電池市場規模
- 北米の自動車用燃料電池市場規模

・競争状況
・企業情報

“The global automotive fuel cell market is projected to grow from 25 thousand units in 2022 to 724 thousand units by 2030, registering a CAGR of 52.4%.”
Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks, were mapped as part of this research. The growing demand of zero-emission commercial freight trucks and buses have accelerated the growth of long range fuel cell vehicles. The rapid setup of hydrogen infrastructure worldwide the demand for FCEVs is also expected to increase gradually. Technological breakthroughs in fuel cell components and other technologies have made it possible to have longer range and high-power engines in fuel cell electric vehicles (FCEVs). This will create a shift in demand for FCEVs in the coming years. The automotive fuel cell market is dominated by established players such as Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), Plug Power (US), among others These players have worked on providing offerings for the fuel cell ecosystem. They have initiated partnerships to develop their technology and provide best-in-class products to their customers.

“251–500 miles range segment to be the largest segment in market during the forecast period”
The 251–500 miles segment is currently the largest because its high range in a single filling is the primary reason for buying FCEVs over other EVs. Most fuel-cell vehicles currently available in the market are under this range. Above 500 miles is an upcoming segment due to OEMs working on improving range beyond earlier limits. As technology keeps developing and the size of fuel cells decreases, FC vehicles will be able to cover a larger range on a single filling. This is the reason for above 500 miles to be the fastest-growing segment in the future. The 251–500 miles segment is projected to be the largest during the forecast period. This segment includes FCEV passenger cars and some smaller buses and trucks. The 2021 Honda Clarity comes with a range of 360 miles on a single filling. Similarly, 2021 Toyota Mirai Limited and 2021 Toyota Mirai XLE come with 357- and 402-miles range, respectively. Toyota provides number of offers including USD 15,000 worth of free fuel for Toyota Mirai. Hyundai Nexo and Hyundai Nexo Blue come with a range of 354 and 380 miles, respectively. Riversimple Movement is available with a range of 300 miles in a single filling. The 2021 Chevrolet Colorado LCV comes with a range of ~250 miles. In July 2020, Hyundai expanded its Xcient fuel-cell trucks in Singapore. In March 2022, Toyota launched India’s first FCEV Mirai. The sedan has been launched in the country as part of pilot project which is being conducted by the International Center for Automotive Technology along with Toyota Kirloskar Motor Pvt. Ltd. for studying as well as evaluating the Toyota Mirai on Indian roads. Union transport Road Transport ministry has launched the pilot project for Mirai hydrogen-based advanced FCEV. Toyota and BMW have entered into a partnership for producing hydrogen fuel-cell vehicles, which will allow BMW to achieve its target of 50% electrification across its line-up 2 years ahead of its expected the year 2030. BMW aims to sell hydrogen fuel-cell vehicles as soon as 2025. The car has an estimated range of 300 miles in full hydrogen tanks. Thus, the development of FCEV by various automakers will drive the market. Over the past few years, many OEMs have been making technological advancements to increase the range of their FCEVs. For instance, the 2018 version of Toyota Mirai used to offer a range of 312 miles, whereas the 2023 version is expected to come with a range of 402 miles.

“<150 kW segment to lead demand for automotive fuel cell electric vehicles during the forecast period”
The <150 kW segment is estimated to be the largest during the forecast period. Currently, most fuel-cell vehicle models use a fuel-cell stack with <150 kW power output. Passenger cars contribute to the largest share of the automotive fuel cell market. Most fuel-cell car models use fuel-cell stacks with an output power of less than 150 kW. Hence, the segment is estimated to be the largest. Meanwhile, the greater than 150–250 kW segment is projected to be the fastest as the demand for heavy-duty fuel cells will grow in the future due to the reduced fuel costs of these vehicles. For automotive applications, fuel cells of <150 kW power output are used in passenger cars, some buses, LCVs, trucks, and industrial vehicles. Some vehicles use fuel cells of less than 100 kW power output coupled with an extra battery. For instance, the 2023 Hyundai Nexo’s fuel-cell output is 95 kW, and it is coupled with a battery of 40 kW—total power output of 135 kW. In these vehicles, fuel cells are used together with batteries. A new concept of plug-in fuel-cell electric vehicles has come into the market, increasing the demand for this segment in the coming years. This uses electric plug-in charging and hydrogen engine together to power the vehicle. The application of less than 150-kW fuel cells is higher as the sales of fuel-cell passenger cars currently contribute to the largest market. Other vehicles delivering power less than 150 kW are passenger cars like the Toyota Mirai, Audi HTron, Riversimple RASA, among others. Bus and truck models delivering power less than 150 kW are the Quantron QHM, Solaris Urbino 12, Tata Starbus, among others. Besides Mercedes-Benz GLC F-Cell, all fuel-cell car models available in the market have a power output range of less than 150 kW. Many of the LCVs and buses from European manufacturers such as Van Hool, Wrightbus, and Solaris have fuel-cell stacks with an output power of <150 kW. Therefore, the <150 kW segment is projected to have the largest market share during the forecast period. In May 2022, AirḌgas and Hyzon Motors signed an agreement to pilot a heavy-duty hydrogen fuel-cell truck that includes 100-kW fuel cell. The Hyzon 100-kW fuel cell, which Airgas has piloted will be displayed at Advanced Clean Transportation Expo. Similarly, in September 2022, Cummins launched hydrogen fuel-cell engine at IAA. Designed to the performance, duty cycle, as well as packaging requirements of medium and heavy-duty trucks as well as buses, the fuel-cell technology having availability in 135kW. Furthermore, in September 2022, Iveco Group and Hyundai Motor Company launched the eDaily FCEV prototype equipped with Hyundai’s 90-kW hydrogen fuel-cell system as well as 140-kW e-motor. The 2023 Toyota Mirai model operates on a hydrogen fuel cell and delivers a power of 128 kW with a range of up to 402 miles.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I – 67%, Tier II and Tier III – 9%, and OEMs – 24%
• By Designation: CXOs – 33%, Managers – 52%, Executives – 15%
• By Region: North America – 28%, Europe – 34%, Asia Oceania – 38%

The automotive fuel cell vehicle market is dominated by established players such as Ballard Power Systems (Canada), Toyota Motor Corporation (Japan), Hyundai Group (South Korea), Hyster Yale (US), Plug Power (US), among others. They have worked on providing offerings for the automotive fuel cell vehicle ecosystem. They have initiated partnerships to develop their automotive fuel cell vehicle technology and offer best-in-class products to their customers.

Research Coverage:
The report covers the automotive fuel cell vehicle market based on vehicle type, component, specialized vehicle type, operating miles, power output, hydrogen fuel points, fuel cell type and region (North America, Europe, and Asia- Oceania). It covers the competitive landscape and company profiles of the major players in the automotive fuel cell vehicle ecosystem.

The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
• This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall automotive fuel cell vehicle ecosystem and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• This report will also help stakeholders understand the market’s pulse and provide information on key market drivers, restraints, challenges, and opportunities.

【レポートの目次】

1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 36
TABLE 1 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY COMPONENT 36
TABLE 2 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY VEHICLE TYPE 37
TABLE 3 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY SPECIALIZED VEHICLE TYPE 37
TABLE 4 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY POWER OUTPUT 38
TABLE 5 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY OPERATING MILES 38
TABLE 6 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY FUEL CELL TYPE 38
TABLE 7 AUTOMOTIVE FUEL CELL MARKET DEFINITION, BY FUEL TYPE 39
1.2.1 INCLUSIONS AND EXCLUSIONS 40
TABLE 8 INCLUSIONS AND EXCLUSIONS 40
1.3 MARKET SCOPE 41
FIGURE 1 MARKETS COVERED 41
1.3.1 REGIONAL SCOPE 41
1.3.2 YEARS CONSIDERED 42
1.4 CURRENCY CONSIDERED 42
TABLE 9 CURRENCY EXCHANGE RATES 42
1.5 STAKEHOLDERS 43
1.6 SUMMARY OF CHANGES 43
2 RESEARCH METHODOLOGY 44
2.1 RESEARCH DATA 44
FIGURE 2 AUTOMOTIVE FUEL CELL MARKET: RESEARCH DESIGN 44
FIGURE 3 RESEARCH DESIGN MODEL 45
2.1.1 SECONDARY DATA 45
2.1.1.1 Key secondary sources for automotive fuel cell market 46
2.1.1.2 Key data from secondary sources 47
2.1.2 PRIMARY DATA 48
2.1.2.1 Primary interviews—demand and supply sides 48
2.1.2.2 Key industry insights and breakdown of primary interviews 49
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 49
2.1.2.3 Primary participants 50
2.2 MARKET SIZE ESTIMATION 50
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 51
2.2.1 BOTTOM-UP APPROACH 52
FIGURE 6 BOTTOM-UP APPROACH: AUTOMOTIVE FUEL CELL MARKET 52
2.2.2 TOP-DOWN APPROACH 52
2.2.3 TOP-DOWN APPROACH: AUTOMOTIVE FUEL CELL MARKET 53
FIGURE 7 AUTOMOTIVE FUEL CELL MARKET: MARKET ESTIMATION NOTES 53
FIGURE 8 AUTOMOTIVE FUEL CELL MARKET: RESEARCH DESIGN AND METHODOLOGY – DEMAND SIDE 54
2.3 DATA TRIANGULATION 55
FIGURE 9 DATA TRIANGULATION METHODOLOGY 55
FIGURE 10 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 56
2.4 FACTOR ANALYSIS 57
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE 57
2.5 RESEARCH ASSUMPTIONS 57
2.6 RESEARCH LIMITATIONS 58
3 EXECUTIVE SUMMARY 60
FIGURE 11 AUTOMOTIVE FUEL CELL MARKET: OVERVIEW 61
FIGURE 12 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 62
FIGURE 13 PASSENGER CARS PROJECTED TO LEAD MARKET DURING FORECAST PERIOD (2022–2030) 63
4 PREMIUM INSIGHTS 64
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE FUEL CELL MARKET 64
FIGURE 14 GROWING DEMAND FOR FUEL CELL STACKS AND HEAVY-DUTY COMMERCIAL VEHICLES TO DRIVE MARKET 64
4.2 AUTOMOTIVE FUEL CELL MARKET, BY REGION 65
FIGURE 15 ASIA OCEANIA PROJECTED TO BE LARGEST MARKET DURING FORECAST PERIOD 65
4.3 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE 65
FIGURE 16 PASSENGER CARS EXPECTED TO DOMINATE MARKET (2022–2030) 65
4.4 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE 66
FIGURE 17 PEMFC EXPECTED TO LEAD AUTOMOTIVE FUEL CELL MARKET (2022–2030) 66
4.5 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS 66
FIGURE 18 ASIA OCEANIA REGION EXPECTED TO LEAD MARKET FOR HYDROGEN FUEL POINT SETUP (2022–2030) 66
4.6 AUTOMOTIVE FUEL CELL MARKET, BY POWER CAPACITY 67
FIGURE 19 <150 KW FUEL CELLS TO LEAD MARKET (2022–2030) 67
4.7 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT 67
FIGURE 20 FUEL STACK SEGMENT EXPECTED TO BE LARGEST MARKET BY VALUE (2022–2030) 67
4.8 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES 68
FIGURE 21 251–500 MILES SEGMENT EXPECTED TO LEAD MARKET (2022–2030) 68
5 MARKET OVERVIEW 69
5.1 INTRODUCTION 69
FIGURE 22 HYDROGEN FUEL-CELL ELECTRIC VEHICLE SYSTEM 70
5.2 MARKET DYNAMICS 70
FIGURE 23 AUTOMOTIVE FUEL CELL MARKET: DYNAMICS 71
5.2.1 DRIVERS 71
5.2.1.1 Better fuel efficiency and increased driving range 71
TABLE 10 COMPARISON OF FUEL-CELL ELECTRIC VEHICLE MODELS 72
FIGURE 24 NATURAL GAS REQUIRED TO PROPEL BEV TO 300 MILES VS. FCEV TRAVELING 300 MILES 72
TABLE 11 FCEV ATTRIBUTES VS. ADVANCED BEV FOR 200-MILE AND 300-MILE RANGE 73
5.2.1.2 Rapid increase in investment and development for green hydrogen production 73
FIGURE 25 NUMBER OF HYDROGEN FUEL STATIONS IN US (2016–2021) 74
FIGURE 26 GLOBAL HYDROGEN INVESTMENT AND DEVELOPMENT SCOPE 74
5.2.1.3 Fast refueling 75
TABLE 12 ZERO-EMISSION LIGHT-DUTY VEHICLES REFERENCE COMPARISON: BEV CHARGING VS. FCEV HYDROGEN FUELING 75
5.2.1.4 Reduced oil dependency 76
TABLE 13 US: GASOLINE AVERAGE PRICING TREND OVER LAST FEW YEARS 76
5.2.1.5 Lower emissions than other vehicles 76
5.2.1.5.1 Fuel cell product lifecycle 77
FIGURE 27 FUEL CELL PRODUCT LIFECYCLE 77
5.2.2 RESTRAINTS 77
5.2.2.1 High flammability 77
FIGURE 28 COMPARISON OF AUTOIGNITION TEMPERATURES OF VARIOUS FUELS 78
FIGURE 29 COMPARISON OF MINIMUM IGNITION ENERGY FOR VARIOUS FUELS 78
5.2.2.2 Hard to detect hydrogen leakages 78
5.2.2.3 High initial investments in hydrogen fueling infrastructure 78
FIGURE 30 DISPENSED FUEL COST BUILDUP FOR FUTURE TRANSPORTATION FUELS 79
FIGURE 31 INITIAL INVESTMENTS FOR VARIOUS FUEL INFRASTRUCTURE 79
FIGURE 32 COMPARISON OF BEV AND FCEV 80
5.2.2.4 Lower efficiency than BEVs and HEVs 80
FIGURE 33 GLOBAL ELECTRIC VEHICLE SALES, 2017–2021 80
FIGURE 34 COMPARISON OF HYDROGEN AND ELECTRIC VEHICLE DRIVE 81
5.2.3 OPPORTUNITIES 81
5.2.3.1 Rising demand for fuel-cell vehicles in automotive and transportation 81
5.2.3.1.1 FCEV commercial freight truck developments 82
TABLE 14 FCEV COMMERCIAL FREIGHT TRUCK DEVELOPMENTS 82
5.2.3.1.2 Fuel cell bus development & deployment announcements 82
TABLE 15 FUEL CELL-BUS DEVELOPMENT & DEPLOYMENT ANNOUNCEMENT 82
5.2.3.1.3 Fuel-cell buses around the world, 2021 84
FIGURE 35 OPERATED & PLANNED FUEL-CELL BUSES, 2021 84
5.2.3.2 Fuel-cell vans to be an emerging opportunity for OEMs 84
5.2.3.3 Government initiatives promoting hydrogen infrastructure 85
FIGURE 36 GOVERNMENT-LED HYDROGEN HUB INITIATIVES IN US AND CANADA 85
5.2.3.4 Development of mobile and community hydrogen fueling systems 86
FIGURE 37 MOBILE HYDROGEN-REFUELING STATION IN JAPAN 86
5.2.4 CHALLENGES 86
5.2.4.1 High vehicle costs 86
FIGURE 38 COST OF FUEL CELL STACK FOR PRODUCTION VOLUME OF 1,000 UNITS/YEAR VS. 500,000 UNITS/YEAR 87
5.2.4.2 Insufficient hydrogen infrastructure 87
FIGURE 39 HYDROGEN INFRASTRUCTURE MAINTENANCE COSTS, BY COMPONENT 88
5.2.4.3 Rising demand for BEVs and HEVs 88
5.2.5 AUTOMOTIVE FUEL CELL MARKET: IMPACT OF MARKET DYNAMICS 88
TABLE 16 AUTOMOTIVE FUEL CELL MARKET: IMPACT OF MARKET DYNAMICS 88
5.3 PORTER’S FIVE FORCES ANALYSIS 89
FIGURE 40 PORTER’S FIVE FORCES: AUTOMOTIVE FUEL CELL MARKET 90
TABLE 17 IMPACT OF PORTER’S FIVE FORCES ON AUTOMOTIVE FUEL CELL MARKET 90
5.3.1 THREAT OF SUBSTITUTES 91
5.3.2 THREAT OF NEW ENTRANTS 91
5.3.3 BARGAINING POWER OF BUYERS 91
5.3.4 BARGAINING POWER OF SUPPLIERS 91
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 91
5.4 EXISTING AND UPCOMING FCEV MODELS 92
TABLE 18 EXISTING AND UPCOMING FCEV MODELS 92
5.5 AUTOMOTIVE FUEL CELL MARKET ECOSYSTEM 96
FIGURE 41 AUTOMOTIVE FUEL CELL MARKET: ECOSYSTEM ANALYSIS 96
5.5.1 HYDROGEN FUEL SUPPLIERS 96
5.5.2 TIER I SUPPLIERS (FUEL CELL AND RELATED COMPONENT PRODUCERS) 97
5.5.3 OEMS 97
5.5.4 END USERS 97
TABLE 19 AUTOMOTIVE FUEL CELL MARKET: ROLE OF COMPANIES IN ECOSYSTEM 97
5.6 VALUE CHAIN ANALYSIS 99
FIGURE 42 VALUE CHAIN ANALYSIS OF AUTOMOTIVE FUEL CELL MARKET 99
FIGURE 43 FUEL-CELL SUBCLUSTER AND H2 SUBCLUSTER 101
5.7 MACROECONOMIC INDICATORS 101
5.7.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 102
TABLE 20 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION) 102
5.8 FUEL-CELL PRICING ANALYSIS 102
FIGURE 44 DECREASING COST OF FUEL CELL 103
FIGURE 45 FUEL-CELL SYSTEM COST, 2006–2025 103
FIGURE 46 FUEL-CELL SYSTEM & FUEL-CELL STACK COST 104
5.8.1 FUEL-CELL AVERAGE PRICING, BY VEHICLE TYPE 104
TABLE 21 AVERAGE PRICING OF FCEVS, BY VEHICLE TYPE (USD THOUSAND) 104
5.8.2 AVERAGE PRICING OF TOP-SELLING FUEL CELL ELECTRIC CARS 105
TABLE 22 AVERAGE PRICING OF FUEL CELL CARS (2022–2030) 105
5.9 FUEL-CELL BUS SALES AND UPCOMING PROJECTS 105
TABLE 23 EUROPE: ZEV BUS SALES IN MAJOR CITIES AND UPCOMING PROJECTS 105
5.10 COUNTRY-LEVEL TARGETS FUEL CELL VEHICLES AND STATIONS 106
TABLE 24 FCEV TARGETS BY TOP COUNTRIES 106
5.11 TECHNOLOGY ANALYSIS 107
5.11.1 DIRECT BOROHYDRIDE FUEL CELLS 107
FIGURE 47 DIRECT BOROHYDRIDE FUEL CELL WORKING 107
5.11.2 NON-PRECIOUS METAL CATALYST-BASED FUEL CELL 108
FIGURE 48 BALLARD’S FUEL CELL WITH NON-PRECIOUS METAL CATALYST 108
5.11.3 INCREASE IN LIFESPAN FOR NEW FUEL CELLS 108
5.11.4 FUEL CELL HYBRID ELECTRIC VEHICLE 108
5.11.5 PACKAGED FUEL-CELL SYSTEM MODULE 109
FIGURE 49 TOYOTA’S NEW PACKAGED FUEL-CELL SYSTEM MODULE 109
5.11.6 METHANE FUEL CELLS 109
5.12 PATENT ANALYSIS 110
FIGURE 50 NUMBER OF PUBLISHED PATENTS (2013–2022) 110
FIGURE 51 NUMBER OF DOCUMENTS 110
TABLE 25 IMPORTANT PATENT REGISTRATIONS RELATED TO AUTOMOTIVE FUEL CELL MARKET 111
5.13 CASE STUDY ANALYSIS 114
TABLE 26 CASE STUDY 1: BALLARD FUEL CELL ZERO-EMISSION TRUCKS IN SHANGHAI 114
TABLE 27 CASE STUDY 2: NON-PRECIOUS METAL CATALYST 114
TABLE 28 CASE STUDY 3: FUEL-CELL ZERO-EMISSION BUSES 115
TABLE 29 CASE STUDY 4: FUEL-CELL BUSES FOR CITY TRANSIT IN FRANCE 116
5.14 REGULATORY OVERVIEW 116
FIGURE 52 EMISSION REDUCTION OVERVIEW OF MAJOR COUNTRIES, 2021 117
TABLE 30 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS 117
TABLE 31 US III STANDARDS 2021: US EMISSION NORMS 118
TABLE 32 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS 118
TABLE 33 JAPAN WLTC STANDARDS 2021: JAPAN EMISSION NORMS 119
TABLE 34 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS 119
TABLE 35 NORTH AMERICA: KEY DEVELOPMENTS 119
TABLE 36 EUROPE: KEY DEVELOPMENTS 120
TABLE 37 ASIA OCEANIA: KEY DEVELOPMENTS 120
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 121
TABLE 38 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 121
TABLE 39 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 122
TABLE 40 ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 123
5.15 TRENDS AND DISRUPTIONS 124
FIGURE 53 AUTOMOTIVE FUEL CELL MARKET: TRENDS AND DISRUPTIONS 124
5.16 KEY CONFERENCES AND EVENTS, 2022–2023 125
TABLE 41 AUTOMOTIVE FUEL CELL MARKET: CONFERENCES AND EVENTS 125
5.17 AUTOMOTIVE FUEL CELL MARKET, SCENARIOS (2022–2030) 125
5.17.1 MOST LIKELY SCENARIO 125
FIGURE 54 AUTOMOTIVE FUEL CELL MARKET —FUTURE TRENDS & SCENARIO, 2021–2030 (UNITS) 126
TABLE 42 AUTOMOTIVE FUEL CELL MARKET (MOST LIKELY), BY REGION, 2022–2030 (THOUSAND UNITS) 126
5.17.2 OPTIMISTIC SCENARIO 126
TABLE 43 AUTOMOTIVE FUEL CELL MARKET (OPTIMISTIC), BY REGION, 2022–2030 (THOUSAND UNITS) 127
5.17.3 PESSIMISTIC SCENARIO 127
TABLE 44 AUTOMOTIVE FUEL CELL MARKET (PESSIMISTIC), BY REGION, 2022–2030 (THOUSAND UNITS) 127
6 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE 128
6.1 INTRODUCTION 129
FIGURE 55 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (THOUSAND UNITS) 130
TABLE 45 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 130
TABLE 46 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (THOUSAND UNITS) 130
6.1.1 OPERATIONAL DATA 131
TABLE 47 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE 131
6.1.2 ASSUMPTIONS 132
TABLE 48 ASSUMPTIONS: BY VEHICLE TYPE 132
6.1.3 RESEARCH METHODOLOGY 132
6.2 PASSENGER CARS 133
6.2.1 LOW OPERATING COSTS AND EMISSIONS TO DRIVE PASSENGER CAR MARKET 133
TABLE 49 PASSENGER CAR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 134
TABLE 50 PASSENGER CAR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 134
6.3 LCV 135
6.3.1 RISING DEMAND FOR LAST-MILE DELIVERY TO BOOST LCV SEGMENT 135
TABLE 51 LCV: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 135
TABLE 52 LCV: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 135
6.4 BUS 136
6.4.1 GOVERNMENT FUNDING TO DRIVE BUS MARKET 136
TABLE 53 BUS DEPLOYMENT PROJECTS 137
TABLE 54 BUS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 137
TABLE 55 BUS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 138
6.5 TRUCK 138
6.5.1 LONGER LIFE AND RANGE OF HYDROGEN FUEL-CELL TRUCKS TO DRIVE HYDROGEN TRUCK MARKET 138
TABLE 56 MASS DIFFERENCE BETWEEN BASELINE VEHICLE AND ITS FUEL-CELL TRUCK VERSION 139
TABLE 57 DEMONSTRATION PROJECTS/DEPLOYMENT OF FUEL-CELL TRUCKS 139
TABLE 58 MAJOR FUEL-CELL TRUCK PROTOTYPES 140
TABLE 59 POWERTRAIN BENCHMARKING FOR TRUCKS >12 TONS 140
TABLE 60 TRUCK: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 141
TABLE 61 TRUCK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2022–2030 (THOUSAND UNITS) 141
6.6 KEY INDUSTRY INSIGHTS 142
7 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT 143
7.1 INTRODUCTION 144
FIGURE 56 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT (USD MILLION) 145
TABLE 62 AUTOMOTIVE FUEL CELL MARKET BY COMPONENT, 2018–2021 (USD MILLION) 145
TABLE 63 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT, 2022–2030 (USD MILLION) 145
7.1.1 OPERATIONAL DATA 146
TABLE 64 POPULAR FUEL-CELL PROVIDERS ACROSS THE WORLD 146
FIGURE 57 FUEL-CELL POWERTRAIN 147
7.1.2 ASSUMPTIONS 147
TABLE 65 ASSUMPTIONS: BY COMPONENT TYPE 147
7.1.3 RESEARCH METHODOLOGY 147
7.2 FUEL STACK 148
7.2.1 NEED FOR FUEL CONVERSION IN FCEVS TO LEAD MARKET 148
TABLE 66 FUEL STACK: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (USD MILLION) 148
TABLE 67 FUEL STACK: AUTOMOTIVE FUEL-CELL MARKET, BY REGION, 2022–2030 (USD MILLION) 148
7.3 FUEL PROCESSOR 149
7.3.1 INCREASED FUEL CELL LIFE DUE TO HIGHLY EFFICIENT FUEL PROCESSORS TO DRIVE MARKET 149
TABLE 68 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (USD MILLION) 149
TABLE 69 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (USD MILLION) 149
7.4 POWER CONDITIONER 150
7.4.1 NEED FOR EFFICIENT POWER CONVERSION IN FUEL CELLS TO LEAD DEMAND 150
TABLE 70 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (USD MILLION) 150
TABLE 71 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (USD MILLION) 150
7.5 AIR COMPRESSOR 151
7.5.1 FUEL CELL PUBLIC TRANSPORT VEHICLE ADOPTION TO DRIVE SEGMENT 151
TABLE 72 AIR COMPRESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (USD MILLION) 151
TABLE 73 AIR COMPRESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (USD MILLION) 151
7.6 HUMIDIFIER 152
7.6.1 DEMAND FOR HYDRATED PEM FUEL CELLS TO DRIVE SEGMENT 152
TABLE 74 HUMIDIFIER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (USD MILLION) 152
TABLE 75 HUMIDIFIER: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (USD MILLION) 152
7.7 KEY INDUSTRY INSIGHTS 153
8 AUTOMOTIVE FUEL CELL MARKET, BY SPECIALIZED VEHICLE TYPE 154
8.1 INTRODUCTION 154
8.2 MATERIAL-HANDLING VEHICLES 154
TABLE 76 POLYMER ELECTROLYTE MEMBRANE (PEM) FUEL CELLS AND BATTERY-POWERED FORKLIFTS VS. PALLET JACKS 155
TABLE 77 COMPARISON OF TOTAL ANNUALIZED COSTS PER LIFT TRUCK 156
8.3 AUXILIARY POWER UNIT FOR REFRIGERATED TRUCKS 156
8.4 KEY INDUSTRY INSIGHTS 157
9 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES 158
9.1 INTRODUCTION 159
FIGURE 58 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2022–2030 (THOUSAND UNITS) 160
TABLE 78 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2018–2021 (THOUSAND UNITS) 160
TABLE 79 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2022–2030 (THOUSAND UNITS) 160
9.1.1 OPERATIONAL DATA 161
TABLE 80 RANGE OF BEST-SELLING AND UPCOMING FUEL-CELL VEHICLES 161
9.1.2 ASSUMPTIONS 162
TABLE 81 ASSUMPTIONS: BY OPERATING MILES 162
9.1.3 RESEARCH METHODOLOGY 162
9.2 0–250 MILES 162
9.2.1 GROWING USAGE IN FUEL CELL BUSES AND LCVS TO DRIVE SEGMENT 162
TABLE 82 0–250 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 163
TABLE 83 0–250 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 163
9.3 251–500 MILES 163
9.3.1 DEMAND FOR MEDIUM-RANGE PERSONAL VEHICLES TO DRIVE MARKET 163
TABLE 84 251–500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 164
TABLE 85 251–500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 164
9.4 ABOVE 500 MILES 164
9.4.1 FUEL CELL TRUCKS AND PASSENGER CARS TO DRIVE SEGMENT 164
TABLE 86 ABOVE 500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 165
TABLE 87 ABOVE 500 MILES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 165
9.5 KEY INDUSTRY INSIGHTS 165
10 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT 166
10.1 INTRODUCTION 167
FIGURE 59 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2022–2030 (THOUSAND UNITS) 168
TABLE 88 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2018–2021 (THOUSAND UNITS) 168
TABLE 89 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2022–2030 (THOUSAND UNITS) 168
10.1.1 OPERATIONAL DATA 169
TABLE 90 POWER RATING OF BESTSELLING FUEL-CELL VEHICLES 169
10.1.2 ASSUMPTIONS 170
TABLE 91 ASSUMPTIONS: BY POWER OUTPUT 170
10.1.3 RESEARCH METHODOLOGY 170
10.2 <150 KW 170
10.2.1 GROWING DEMAND FOR FUEL-CELL PASSENGER CARS TO DRIVE MARKET 170
TABLE 92 <150 KW: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 171
TABLE 93 <150 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 171
10.3 150–250 KW 172
10.3.1 DEMAND FOR HIGH-POWER, HEAVY-DUTY VEHICLES TO DRIVE MARKET 172
TABLE 94 150–250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 172
TABLE 95 150–250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 172
10.4 >250 KW 173
10.4.1 LONG-HAUL TRUCKING TO PROVIDE AMPLE OPPORTUNITIES FOR SEGMENT GROWTH 173
TABLE 96 >250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 173
TABLE 97 >250 KW: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 174
10.5 KEY INDUSTRY INSIGHTS 174
11 AUTOMOTIVE FUEL CELL MARKET, BY FUEL TYPE 175
11.1 INTRODUCTION 175
TABLE 98 FUEL TYPE USED IN FUEL CELLS VS. LI-ION BATTERY 175
11.2 HYDROGEN 176
11.3 METHANOL 176
11.4 ETHANOL 176
11.5 KEY INDUSTRY INSIGHTS 177
12 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS 178
12.1 INTRODUCTION 179
FIGURE 60 INFRASTRUCTURE COST COMPARISON OF FCEVS AND BEVS 179
FIGURE 61 AUTOMOTIVE FUEL CELL MARKET, HYDROGEN FUEL POINTS BY REGION, 2020-2030 (UNITS) 180
TABLE 99 HYDROGEN FUEL POINTS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (UNIT) 180
TABLE 100 HYDROGEN FUEL POINTS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (FUEL POINTS) 180
12.1.1 OPERATIONAL DATA 181
TABLE 101 AUTOMOTIVE HYDROGEN FUEL POINTS AS OF DECEMBER 2021 181
12.1.2 ASSUMPTIONS 182
TABLE 102 ASSUMPTIONS: BY HYDROGEN FUEL POINTS 182
12.1.3 RESEARCH METHODOLOGY 182
12.2 ASIA OCEANIA 182
TABLE 103 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2018–2021 (FUEL POINTS) 183
TABLE 104 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2022–2030 (FUEL POINTS) 183
12.3 EUROPE 184
TABLE 105 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2018–2021 (FUEL POINTS) 184
TABLE 106 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2022–2030 (FUEL POINTS) 185
12.4 NORTH AMERICA 185
TABLE 107 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2018–2021 (FUEL POINTS) 186
TABLE 108 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS, 2022–2030 (FUEL POINTS) 186
12.5 KEY INDUSTRY INSIGHTS 186
13 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE 187
13.1 INTRODUCTION 188
TABLE 109 INFRASTRUCTURE COST COMPARISON: FCEVS VS. BEVS 188
FIGURE 62 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE, 2022-2030 (THOUSAND UNITS) 188
TABLE 110 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE, 2018–2021 (THOUSAND UNITS) 189
TABLE 111 AUTOMOTIVE FUEL CELL MARKET, BY FUEL CELL TYPE, 2022–2030 (THOUSAND UNITS) 189
13.1.1 ASSUMPTIONS 189
TABLE 112 ASSUMPTIONS: BY FUEL CELL TYPE 189
13.1.2 RESEARCH METHODOLOGY 190
13.2 POLYMER ELECTROLYTE MEMBRANE FUEL CELL (PEMFC) 190
13.3 DIRECT METHANOL FUEL CELL (DMFC) 190
13.4 SOLID OXIDE FUEL CELL (SOFC) 191
13.5 ALKALINE FUEL CELL (AFC) 191
13.6 PHOSPHORIC ACID FUEL CELL (PAFC) 191
13.7 KEY INDUSTRY INSIGHTS 191
14 AUTOMOTIVE FUEL CELL MARKET, BY REGION 192
14.1 INTRODUCTION 192
TABLE 113 AUTOMOTIVE FUEL CELL TARGETS AROUND THE WORLD 193
FIGURE 63 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 194
TABLE 114 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 194
TABLE 115 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2022–2030 (THOUSAND UNITS) 194
TABLE 116 AUTOMOTIVE FUEL CELL MARKET STEPS TAKEN BY MAJOR COUNTRIES 195
14.2 ASIA OCEANIA 197
FIGURE 64 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET SNAPSHOT 198
TABLE 117 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET – UPCOMING PROJECTS 198
TABLE 118 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS) 200
TABLE 119 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2022–2030 (THOUSAND UNITS) 200
14.2.1 CHINA 201
14.2.1.1 Adoption of zero-emission public transport buses to drive market 201
FIGURE 65 CHINESE FCEV DEMONSTRATION OF CITY CLUSTER POLICY 201
FIGURE 66 CHINESE FCEV SCENARIO 202
TABLE 120 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 202
TABLE 121 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 203
14.2.2 JAPAN 203
14.2.2.1 OEM plans for fuel cell vehicles to increase demand 203
TABLE 122 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 204
TABLE 123 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 204
14.2.3 SOUTH KOREA 204
14.2.3.1 Government efforts for hydrogen economy to drive market 204
TABLE 124 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 205
TABLE 125 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 205
14.2.4 AUSTRALIA 206
14.2.4.1 Plans for local manufacturing of fuel cells to boost market 206
TABLE 126 AUSTRALIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 206
TABLE 127 AUSTRALIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 206
14.2.5 INDIA 207
14.2.5.1 Increasing prices of petrol and diesel to boost market 207
TABLE 128 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 207
TABLE 129 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 207
14.3 EUROPE 208
FIGURE 67 EUROPE: AUTOMOTIVE FUEL CELL COMMERCIAL VEHICLE OUTLOOK 209
TABLE 130 EUROPE: HYDROGEN PLANS AND REGULATIONS 210
TABLE 131 EUROPE: RELEVANT EXPERIENCE/PRODUCTS OF OEMS 211
TABLE 132 EUROPE: TARGETS, VISIONS, AND PROJECTIONS 212
FIGURE 68 EUROPE: AUTOMOTIVE FUEL CELL MARKET, 2022–2030 (THOUSAND UNITS) 212
TABLE 133 EUROPE: AUTOMOTIVE FUEL CELL MARKET—UPCOMING PROJECTS 213
TABLE 134 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS) 214
TABLE 135 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2022–2030 (THOUSAND UNITS) 215
14.3.1 BELGIUM 215
14.3.1.1 Government initiatives for speeding up deployment of hydrogen FCEVs will drive market 215
TABLE 136 BELGIUM: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 216
TABLE 137 BELGIUM: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 216
14.3.2 DENMARK 216
14.3.2.1 Steady growth in hydrogen infrastructure to cater to FCEV growth 216
TABLE 138 DENMARK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 217
TABLE 139 DENMARK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 217
14.3.3 FRANCE 218
14.3.3.1 Presence of major OEMs to drive market growth 218
TABLE 140 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 218
TABLE 141 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 219
14.3.4 GERMANY 219
14.3.4.1 Fast development of hydrogen-refueling station to support market growth 219
TABLE 142 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 220
TABLE 143 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 220
14.3.5 ITALY 220
14.3.5.1 Electrification of public transport fleet to drive market 220
TABLE 144 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 221
TABLE 145 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 221
14.3.6 NETHERLANDS 222
14.3.6.1 Government initiatives to cater to market growth 222
TABLE 146 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 222
TABLE 147 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 222
14.3.7 NORWAY 223
14.3.7.1 Development of strong refueling station network to drive market 223
TABLE 148 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 224
TABLE 149 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 224
14.3.8 SWEDEN 224
14.3.8.1 Technological advancements to drive market growth 224
TABLE 150 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 225
TABLE 151 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 225
14.3.9 SPAIN 226
14.3.9.1 Government subsidy plans and investment initiatives to drive market 226
TABLE 152 SPAIN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 226
TABLE 153 SPAIN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 226
14.3.10 SWITZERLAND 227
14.3.10.1 Growing procurement of fuel cell vehicles from leading OEMs to drive market 227
TABLE 154 SWITZERLAND: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 227
TABLE 155 SWITZERLAND: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 227
14.3.11 UK 228
14.3.11.1 Plan for zero-emission public transport to drive market 228
TABLE 156 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 228
TABLE 157 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 229
14.4 NORTH AMERICA 229
FIGURE 69 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET SNAPSHOT 230
TABLE 158 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET—UPCOMING PROJECTS 231
TABLE 159 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS) 232
TABLE 160 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2022–2030 (THOUSAND UNITS) 232
14.4.1 CANADA 232
14.4.1.1 Presence of leading fuel cell suppliers to drive market 232
TABLE 161 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 233
TABLE 162 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 233
14.4.2 MEXICO 234
14.4.2.1 Future investments to drive market 234
TABLE 163 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 234
TABLE 164 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 234
14.4.3 US 235
14.4.3.1 Adoption by truck industry to drive market 235
FIGURE 70 US AUTOMOTIVE FUEL CELL OUTLOOK 235
TABLE 165 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 236
TABLE 166 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS) 236
15 COMPETITIVE LANDSCAPE 237
15.1 OVERVIEW 237
15.2 MARKET SHARE ANALYSIS 237
TABLE 167 MARKET SHARE ANALYSIS, 2021 237
FIGURE 71 MARKET SHARE ANALYSIS FOR AUTOMOTIVE FUEL CELL, 2021 238
FIGURE 72 TOP PUBLIC/LISTED PLAYERS THAT DOMINATED AUTOMOTIVE FUEL CELL MARKET DURING LAST FIVE YEARS 240
15.3 COMPETITIVE SCENARIO 240
15.3.1 DEALS 240
TABLE 168 DEALS, 2019–2022 241
15.3.2 NEW PRODUCT DEVELOPMENTS 244
TABLE 169 NEW PRODUCT DEVELOPMENTS, 2019–2022 244
15.3.3 OTHERS, 2019–2022 246
TABLE 170 EXPANSIONS, 2019–2022 246
15.4 COMPETITIVE LEADERSHIP MAPPING FOR AUTOMOTIVE FUEL CELL MARKET 247
15.4.1 STARS 247
15.4.2 EMERGING LEADERS 247
15.4.3 PERVASIVE PLAYERS 247
15.4.4 EMERGING COMPANIES 248
FIGURE 73 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING FOR TOP MANUFACTURERS, 2021 248
TABLE 171 AUTOMOTIVE FUEL CELL MARKET: COMPANY FOOTPRINT, 2022 249
TABLE 172 AUTOMOTIVE FUEL CELL MARKET: COMPANY APPLICATION FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2022 249
TABLE 173 AUTOMOTIVE FUEL CELL MARKET: REGIONAL FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2022 250
15.5 COMPETITIVE EVALUATION QUADRANT, OTHER KEY PLAYERS AND START-UPS 250
15.5.1 PROGRESSIVE COMPANIES 250
15.5.2 RESPONSIVE COMPANIES 250
15.5.3 DYNAMIC COMPANIES 250
15.5.4 STARTING BLOCKS 251
FIGURE 74 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING OTHER KEY PLAYERS, 2022 251
FIGURE 75 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING START-UPS, 2022 252
TABLE 174 AUTOMOTIVE FUEL CELL MARKET: DETAILED LIST OF KEY START-UPS 253

16 COMPANY PROFILES 254
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
16.1 KEY PLAYERS 254
16.1.1 BALLARD POWER SYSTEMS 254
TABLE 175 BALLARD POWER SYSTEMS: BUSINESS OVERVIEW 254
FIGURE 76 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT 255
FIGURE 77 BALLARD POWER SYSTEMS: MACRO LANDSCAPE 255
FIGURE 78 BALLARD POWER SYSTEMS: FUTURE PLANS 256
TABLE 176 BALLARD POWER SYSTEMS: PRODUCTS OFFERED 256
TABLE 177 BALLARD POWER SYSTEMS: NEW PRODUCT DEVELOPMENTS 256
TABLE 178 BALLARD POWER SYSTEMS: DEALS 257
16.1.2 TOYOTA MOTOR CORPORATION 260
TABLE 179 TOYOTA MOTOR CORPORATION: BUSINESS OVERVIEW 260
FIGURE 79 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT 261
FIGURE 80 TOYOTA MOTOR CORPORATION: GLOBAL DATA, BY REGION 262
TABLE 180 TOYOTA MOTOR CORPORATION: PRODUCTS OFFERED 262
TABLE 181 TOYOTA MOTOR CORPORATION: NEW PRODUCT DEVELOPMENTS 263
TABLE 182 TOYOTA MOTOR CORPORATION: DEALS 264
16.1.3 HYUNDAI GROUP 266
TABLE 183 HYUNDAI GROUP: BUSINESS OVERVIEW 266
FIGURE 81 HYUNDAI GROUP: COMPANY SNAPSHOT 267
TABLE 184 HYUNDAI GROUP: PRODUCTS OFFERED 267
TABLE 185 HYUNDAI GROUP: NEW PRODUCT DEVELOPMENTS 268
TABLE 186 HYUNDAI GROUP: DEALS 268
16.1.4 HYSTER-YALE 271
FIGURE 82 HYSTER-YALE SUBSIDIARY NUVERA AT A GLANCE 271
TABLE 187 HYSTER-YALE: BUSINESS OVERVIEW 271
FIGURE 83 HYSTER-YALE: COMPANY SNAPSHOT 272
TABLE 188 HYSTER-YALE: PRODUCTS OFFERED 272
TABLE 189 HYSTER-YALE: NEW PRODUCT DEVELOPMENTS 273
TABLE 190 HYSTER-YALE GROUP: DEALS 273
TABLE 191 HYSTER-YALE: OTHERS 275
16.1.5 PLUG POWER 277
TABLE 192 PLUG POWER: BUSINESS OVERVIEW 277
FIGURE 84 PLUG POWER: COMPANY SNAPSHOT 278
FIGURE 85 PLUG POWER: JOINT VENTURE WITH RENAULT 278
TABLE 193 PLUG POWER: PRODUCTS OFFERED 279
TABLE 194 PLUG POWER: NEW PRODUCT DEVELOPMENTS 279
TABLE 195 PLUG POWER: DEALS 281
TABLE 196 PLUG POWER: OTHERS 283
16.1.6 CUMMINS 285
FIGURE 86 CUMMINS: PARTICIPATION IN HYDROGEN ECONOMY 285
TABLE 197 CUMMINS: BUSINESS OVERVIEW 285
FIGURE 87 CUMMINS: COMPANY SNAPSHOT 286
TABLE 198 CUMMINS: PRODUCTS OFFERED 286
TABLE 199 CUMMINS: NEW PRODUCT DEVELOPMENTS 287
TABLE 200 CUMMINS: DEALS 287
TABLE 201 CUMMINS: OTHERS 288
16.1.7 ADVENT TECHNOLOGIES HOLDINGS 289
TABLE 202 ADVENT TECHNOLOGIES HOLDINGS: BUSINESS OVERVIEW 289
FIGURE 88 ADVENT TECHNOLOGIES HOLDINGS: COMPANY SNAPSHOT 290
FIGURE 89 ADVENT TECHNOLOGIES HOLDINGS: OFFERINGS 290
TABLE 203 ADVENT TECHNOLOGIES HOLDINGS: PRODUCTS OFFERED 291
TABLE 204 ADVENT TECHNOLOGIES HOLDINGS: DEALS 291
16.1.8 ITM POWER 293
TABLE 205 ITM POWER: BUSINESS OVERVIEW 293
FIGURE 90 ITM POWER: COMPANY SNAPSHOT 294
FIGURE 91 ITM POWER: KEY PARTNERSHIPS 294
TABLE 206 ITM POWER: PRODUCTS OFFERED 295
TABLE 207 ITM POWER: DEALS 295
TABLE 208 ITM POWER: OTHERS 297
16.1.9 CERES POWER 298
FIGURE 92 CERES POWER: PROGRESS WITH KEY COMMERCIAL PARTNERSHIP 298
TABLE 209 CERES POWER: BUSINESS OVERVIEW 298
FIGURE 93 CERES POWER: COMPANY SNAPSHOT 299
TABLE 210 CERES POWER: PRODUCTS OFFERED 299
TABLE 211 CERES POWER: NEW PRODUCT DEVELOPMENTS 300
TABLE 212 CERES POWER: DEALS 300
TABLE 213 CERES POWER: OTHERS 301
16.1.10 NEDSTACK 302
TABLE 214 NEDSTACK: BUSINESS OVERVIEW 302
TABLE 215 NEDSTACK: PRODUCTS OFFERED 302
TABLE 216 NEDSTACK: DEALS 303
16.1.11 DOOSAN GROUP 304
TABLE 217 DOOSAN GROUP: BUSINESS OVERVIEW 304
FIGURE 94 DOOSAN GROUP: COMPANY SNAPSHOT 305
TABLE 218 DOOSAN GROUP: PRODUCTS OFFERED 305
TABLE 219 DOOSAN GROUP: NEW PRODUCT DEVELOPMENTS 305
TABLE 220 DOOSAN GROUP: DEALS 306
16.1.12 PROTON MOTOR POWER SYSTEMS 308
TABLE 221 PROTON MOTOR POWER SYSTEMS: BUSINESS OVERVIEW 308
FIGURE 95 PROTON MOTOR POWER SYSTEMS: COMPANY SNAPSHOT 308
TABLE 222 PROTON MOTOR POWER SYSTEMS: PRODUCTS OFFERED 309
TABLE 223 PROTON MOTOR POWER SYSTEMS: NEW PRODUCT DEVELOPMENTS 309
TABLE 224 PROTON MOTOR POWER SYSTEMS: DEALS 310
16.1.13 BORGWARNER 312
TABLE 225 BORGWARNER: BUSINESS OVERVIEW 312
FIGURE 96 BORGWARNER: COMPANY SNAPSHOT 313
FIGURE 97 BORGWARNER: CUSTOMER DIVERSITY WORLDWIDE 314
TABLE 226 BORGWARNER: PRODUCTS OFFERED 314
TABLE 227 BORGWARNER: DEALS 314
16.1.14 TOSHIBA 316
TABLE 228 TOSHIBA: BUSINESS OVERVIEW 316
FIGURE 98 TOSHIBA: COMPANY SNAPSHOT 317
FIGURE 99 TOSHIBA: CYBER PHYSICAL SYSTEMS (CPS) TECHNOLOGY 318
TABLE 229 TOSHIBA: PRODUCTS OFFERED 318
TABLE 230 TOSHIBA: DEALS 319
16.1.15 POWERCELL AB 321
TABLE 231 POWERCELL AB: BUSINESS OVERVIEW 321
FIGURE 100 POWERCELL AB: COMPANY SNAPSHOT 322
TABLE 232 POWERCELL AB: PRODUCTS OFFERED 322
TABLE 233 POWERCELL AB: DEALS 323
16.2 OTHER PLAYERS 325
16.2.1 PANASONIC 325
16.2.2 TORAY INDUSTRIES 325
16.2.3 SUNRISE POWER CO. LTD 326
16.2.4 BOSCH 326
16.2.5 INTELLIGENT ENERGY 327
16.2.6 SYMBIO 327
16.2.7 ELRINGKLINGER AG 328
16.2.8 SWISS HYDROGEN POWER 328
16.2.9 DANA INCORPORATED 329
16.2.10 FUEL CELL SYSTEMS MANUFACTURING LLC 329
16.2.11 HONDA 330
16.2.12 VOLKSWAGEN AG 330
16.2.13 DAIMLER 331
16.2.14 RIVERSIMPLE 331
16.2.15 NIKOLA 332
16.2.16 SAIC MOTORS 332
16.2.17 VAN HOOL 333
16.2.18 MEBIUS FUEL CELL 333
16.2.19 HYDRA ENERGY CORPORATION 334
16.2.20 ISUZU MOTORS 334
16.2.21 FORD MOTOR COMPANY 335
16.2.22 FUELCELL ENERGY 335
16.2.23 BLOOM ENERGY 336
16.2.24 SUNFIRE 336
16.2.25 IONOMR INNOVATIONS 337
16.2.26 BRAMBLE ENERGY 337
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
17 RECOMMENDATIONS BY MARKETSANDMARKETS 338
17.1 US, JAPAN, SOUTH KOREA, AND CHINA ARE KEY FOCUS COUNTRIES FOR AUTOMOTIVE FUEL CELL MARKET 338
17.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR FUEL CELL COMMERCIAL VEHICLES 338
17.3 CONCLUSION 339
18 APPENDIX 340
18.1 KEY INSIGHTS OF INDUSTRY EXPERTS 340
18.2 DISCUSSION GUIDE 340
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 343
18.4 AVAILABLE CUSTOMIZATION 345
18.5 RELATED REPORTS 345
18.6 AUTHOR DETAILS 346

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