Fuel Cell Market In Automotive Industry 2018 Size, Share, Top Companies, Growth, Opportunities With Regional Forecast To 2023

Market Research Future published a research report on Global Fuel Cell Market in Automotive Industry. The Automotive Fuel Cell market is expected to witness 15% CAGR during the period, 2018 to 2023. Report provides Fuel Cell market 2018 Global Automotive Industry Analysis by Key Companies, Type, Application, Sales, Market Share, Growth Rate, and Key Country forecast to 2023.

Market Highlights

The automotive fuel cell technology is an attractive proposition for automakers, which helps them manufacture high energy cells capable of powering the automobiles. The fuel cells use either hydrogen or methane as the primary energy provider. Both these elements are cleaner sources of fuel, as against the conventional lithium-ion battery cells, which cannot be recycled. The lithium-ion battery cells pose the problem of disposal, thus impacting the environment considerably.

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Fuel Cell Market Key Players Analyzed In Report:

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.

Market Research Analysis

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).

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.

Market Segmentation:

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.

By Electrolyte Type:

PEMFC

PAFC

By Components:

Fuel Processor

Power Conditioner

Fuel Stack

By Power Output:

200KW

By Fuel Type:

Hydrogen

Methanol

Others

By Vehicle Types:

Passenger Vehicle

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

By Region:

North America

Europe

Asia Pacific

Rest of the World

Scope of the Report

This study provides an overview of the global Fuel Cell market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

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TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

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