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Automotive Fuel Cell Market 2018 Global Size, Share, Leading Company Analysis: Ballard Power, ITM Power, Hydrogenics, Ceramic Fuel Cells, Delphi, Doosan, Nedstack and Plug Power

08-16-2018 01:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Automotive Fuel Cell Market 2018 Global Size, Share, Leading

Automotive Fuel Cell Market Analysis Research Report 2018 – Global Industry Forecast to 2023, Global Automotive Fuel Cell is to grow at compound annual growth rate of 15% during forecast period of 2018 to 2023. Report provides comprehensive information on Automotive Fuel Cell Market Size, Share, Growth statistics, And Key Country Analysis with historical and forecasted data to 2023.

Global Automotive Fuel Cell Industry is segmented into by Electrolyte Type (PEMFC, PAFC), by Components (Fuel Processor, Power Conditioner and Fuel Stack), by Power Output (200KW), Fuel Type (Hydrogen, Methanol), Vehicle Type.

Key Company in Automotive Fuel Cell Global 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.

Get Sample Copy Of “Global Automotive Fuel Cell Market Research Report - Forecast to 2023” At: https://www.marketresearchfuture.com/sample_request/5932

Automotive Fuel Cell Market Highlights:

The automobile industry is rapidly undertaking research in the electric vehicle (EV) technology. The biggest segment in EV is the battery-operated vehicles. The advantages of the battery operated EV is low operating and maintenance cost and low carbon footprint. The drawbacks of this variety, however, are low to medium range of the automobile on a single charge, and high charging time, which ranges from 45 minutes to 2 hours. To overcome these disadvantages, the fuel cell technology is preferred.

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.

The Fuel cells can replace the internal combustion engine, require average time of 3 minutes for charging and can travel up to 500 kilometers between charging Thus, the fuel cell technology is much more effective and efficient than conventional battery-operated vehicles and internal combustion engine operated vehicles.

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).

Market Segmentation:

Based on 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.

Based on 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.

Based on the fuel type, the hydrogen-powered cells can generate high power and are small. The methanol fuel cells comparative to the hydrogen variety are easily available, easy to transport, generate low power and involve lesser costs.

Based on power output, the 100-200 KW variety is the most widely produced, since it gives the highest output at a given cost.

Regional Analysis:

Based on 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 many 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.

LIST OF TABLES

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

Continued...

Browse complete report at: https://www.marketresearchfuture.com/reports/automotive-fuel-cell-market-5932

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

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