Automotive Fuel Cell Market: 2018 Global Size, Trends, Share, Competitive Analysis Research Report With Forecast To 2023

Automotive Fuel Cell Market is growing at a CAGR of 15% by forecast period of 2018 To 2023. Global Automotive Fuel Cell Market segmented by Electrolyte Type (PEMFC, PAFC), by Components (Fuel Processor, Power Conditioner and Fuel Stack), by Power Output (100KW, 100-200KW, 200KW), Fuel Type (Hydrogen, Methanol), Vehicle Type, and Region. The global Automotive Fuel Cell market is competitive with large and small players in industry.

Key Players in Automotive Fuel Cell Market analyzed are:

Ballard Power Systems Inc. (Canada), ITM Power (U.K.), Hydrogenics (Canada), Plug Power (U.S.), Automotive Fuel Cell Cooperation (Canada), and Ceramic Fuel Cells Ltd (Australia). Delphi Technologies (U.K.), Doosan Fuel Cell America (U.S.), Nedstack (The Netherlands) and Plug Power (U.S.) are among others.

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Automotive Fuel Cell Market Highlights:

Several factors aid the growth of the global automotive fuel cell market. Firstly, the automakers are making conscious decisions to reduce the carbon footprint to compensate the large automotive sales. Secondly, governments of developed nations are taking concrete steps to reduce the global warming by turning to cleaner and greener alternatives of fuel. Thirdly, the conventional cell technology poses a considerable threat for the physical wellbeing of the user, if not handled with care. The global automotive fuel cell market is expected to grow with a CAGR of approx. 15% (2017 to 2023).

On the basis of the electrolyte type, the PEMFC (Proton-exchange membrane fuel cell) is preferred compared to the PAFC (Phosphoric Acid Fuel Cell). PEMFC produce near-zero emissions and thus aid in limiting the greenhouse gases substantially. PEMFC cells are lightweight, easy to install, highly portable, have a high power density, can be used in varying operating temperatures and are highly efficient. On the basis of the components, the power conditioner is widely used due to its constant power generation capacity. The fuel processor component requires constant monitoring and routine maintenance. On the basis of the fuel type, the hydrogen-powered cells are able to generate high power, and are small in size. The methanol fuel cells comparative to the hydrogen variety are easily available, easy to transport, generate low power and involve lesser costs. On the basis of power output, the 100-200 KW variety is the most widely produced, since it gives the highest output at a given cost.

Target Audience:

Organizations
Manufacturer
Research Institute / Education Institute
Potential Investors.

Automotive Fuel Cell Market Regional Analysis:

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to drive sales of the global automotive fuel cell market, making it a continually growing market. The governments of countries such as China, Japan and Hong Kong are encouraging the use of renewable energies backed with favorable policies to restrict the ill effects of global warming. North America region is taking steps to reduce the carbon footprint due to a large number of vehicles plying on the roads. The high demand for passenger vehicles and heavy commercial vehicles increases the demand for the fuel cell as a greener alternative to the traditional cells.

Scope of the Report:

This study provides an overview of the Global Automotive Fuel Cell Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Fuel Cell Market by its Electrolyte Type, Components, Power Output, Fuel Type, Vehicle Type and Region.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Researchs

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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The report for Global Automotive Fuel Cell Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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