Hydrogen Fuel Cell Vehicle Market, By Vehicle Type (Commercial, Passenger), By Technology Type (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, and Solid Oxide Fuel Cell), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2029

Report Code: PMI40019 | Publish Date: March 2024 | No. of Pages: 167

Global Hydrogen Fuel Cell Vehicle Overview

Hydrogen fuel cell vehicles use hydrogen instead of conventional fuel as its onboard fuel for engine; this fuel cell convert’s chemical energy into electrical energy which runs motor and the most important hydrogen fuel cell vehicles without emitting green house gases. These vehicles are entirely powered by electricity there for consider an electric vehicle.

Increasing environmental concerns regarding emissions of green house gases, coupled with increasing adoption of technological advancements are expected to drive growth of the hydrogen fuel cell vehicle market during the forecast period. Increasing use of   hydrogen fuel cell vehicles owing to its eco-friendly properties is another factor expected to propel growth of the global hydrogen fuel cell vehicles market.

Key players operating in the target market are focusing on launching new technologies at lower cost than the conventional which is expected to create a lucrative growth opportunities in the global market. However, a high cost associated with the hydrogen fuel cell vehicle is major restraining factor for the growth of the global hydrogen fuel cell vehicle market.

The global hydrogen fuel cell vehicle market has been segmented on the basis of vehicle type, technology type, and region.

On the basis of vehicle type of global hydrogen fuel cell vehicle market the target market has been segmented into commercial and passenger. On the basis of technology type the target market has been segmented into proton exchange membrane fuel cell, alkaline fuel cell, and solid oxide fuel cell.

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share in terms of revenue as compared to that of other regions. Asia Pacific is expected to register significant growth over the forecast period due to the high production of automobiles and also development of automotive manufacturing industries in the region.

Key players operating in the global hydrogen fuel cell vehicle market includes Toyota Motor Sales, USA, Inc., The Hyundai Motor Company, Daimler AG (Mercedes-Benz), BMW, General Motors Company, Groupe Renault, Mazda Motor Corporation, Hydrogenics, Kia Motor Corporation, Tata Motors Limited.

Global Hydrogen Fuel Cell Vehicle Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Technology Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Vehicle Type, Forecast Period up to 10 Years, (US$ Bn)

 

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Commercial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Passenger
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Technology Type , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Proton Exchange Membrane Fuel Cell
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Alkaline Fuel Cell
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Solid Oxide Fuel Cell
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology Type , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology Type , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology Type , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technology Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technology Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Toyota Motor Sales
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • USA, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Hyundai Motor Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daimler AG (Mercedes-Benz)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BMW
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • General Motors Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Groupe Renault  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mazda Motor Corporation  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hydrogenics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kia Motor Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tata Motors Limited.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Hydrogen Fuel Cell Vehicle Market is segmented into Vehicle Type, Technology Type and Region.

Growing emphasis on clean energy and zero-emission vehicles, advancements in hydrogen fuel cell technology, government incentives, and increasing environmental awareness.

Limited hydrogen infrastructure, high production and vehicle costs, challenges in hydrogen storage and distribution, and competition from battery electric vehicles.

North America, Europe, Asia-Pacific, Latin America. Asia-Pacific is expected to dominate due to government support, infrastructure development, and increasing adoption in countries like Japan and South Korea. Europe and North America are also significant markets.

The key players operating the target market includes Toyota Motor Sales, USA, Inc., The Hyundai Motor Company, Daimler AG (Mercedes-Benz), BMW, General Motors Company, Groupe Renault, Mazda Motor Corporation, Hydrogenics, Kia Motor Corporation, Tata Motors Limited.