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Hydrogen Fuel Cell Vehicle Market Top Key Players - Toyota Motors, Hyundai Motor Company, Nikola Motors, Ballard Power Systems, SAIC Motors, Honda Motors, Daimler AG, Volvo AB

09-16-2021 02:50 PM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

Hydrogen Fuel Cell Vehicle Market Top Key Players - Toyota

The global hydrogen fuel cell vehicle market is estimated at $XX Million in 2020 growing at –% CAGR till 2025. Hydrogen fuel cell vehicle market has been in development since the early 2000s, but the first breakthrough came in 2013 when Hyundai shipped 15 Ix35 off the production line to Copenhagen.

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• Hydrogen vehicle fuel cells so far are based on an expensive platinum catalyst that is one of the great challenges that maintains the technology faster commercialization.

• For the fight of cost issues, researchers of the University of Copenhagen have developed a new catalyst requiring a fraction of the amount of platinum.

• Hyundai has been working with the American federal government for fuel cell technology since 2004 and delivered five NEXO fuel cell vehicles to the US Energy Ministry.

• Increasing the value of the shares in the Start Truck Maker Nikola, which has not created or sold or sold or sold or sold, is a growing memory, see the investor fuel cells as enigmatic technology.

• In the railway industry, there was a growing choir to reduce emissions, in particular on non-electrified lines, and Hydrogen rail vehicles have won the prominence here. Alstom`s Coradia Ilint, which was built by the company in Salzgitter, Germany will now be introduced after successful tests in Germany in Austria.


• September 2020 - Hydrogen technology company Element 1 announced plans to install its M-Series methanol-based hydrogen generator in a medium capacity fuel cell truck.

• September 2020 - Daimler Trucks unveiled the Mercedes Benz Actors GenH2 truck with a range of up to 1000 km. Daimler is expected to begin customer testing in 2023 and series production to begin after 2025.

• September 2020 - Chinese state-owned SAIC has launched a brand new FCEV MPV EUNIQ 7, equipped with a third generation SAIC fuel cell system and a range of 605 km / s.


• We believe hydrogen fuel cell technology is better suited for medium to heavy duty commercial vehicles unless there is a breakthrough in semiconductor battery technology. One of the main reasons for this is the short refueling times and minimal impact on the payload of the fuel cell truck.

• The market for hydrogen fuel cell vehicles was previously dominated by Asian manufacturers such as Toyota, Hyundai and Honda. There is also growing interest among European producers.

• Toyota Motors
• Hyundai Motor Company
• Nikola Motors
• Ballard Power Systems
• SAIC Motors
• Honda Motors
• Daimler AG
• Volvo AB

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
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State: Karnataka

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We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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