The global fuel cell vehicles market is projected to reach US$ 6,051.17 million by 2028 from US$ 570.43 million in 2021; it is estimated to register a CAGR of 40.1% during 2021-2028.
The increasing adoption of electric mobility in emerging economies, growing EV and battery manufacturing capabilities globally, supportive government initiatives to decarbonize transportation, and increasing efforts by major automotive OEMs to reduce greenhouse gas emissions are the key factors attributing to the market growth. Asia Pacific is one of the most vulnerable regions to climate change and enables countries to mitigate climate change and ensure sustainable development.
Stringent regulations for environmental emissions accelerate the demand for fuel cell vehicles. For instance, in April 2020, the Indian government rescheduled the implementation of the next stage of emission standards, Bharat Stage 6, which was originally planned to be implemented in 2024. In addition, the growing production of hydrogen fuel cell vehicles owing to the rise in sale of vehicles drives the market growth. For instance, in November 2021, the development and reform commission in China has issued the manufacturing of 5,000 hydrogen fuel cell vehicles to be used as buses and in port transportation and intercity logistics by 2025. Thus, such booming growth prospects in clean energy within the automotive industry is likely to drive the fuel cell vehicles market over the projected period.
The fuel cell vehicles market is analyzed on the basis of electrolyte, power output, vehicle type, and geography. The fuel cell vehicles market, based on electrolyte, the fuel cell vehicle market is bifurcated into PEFC and PAFC. Based on power output, the fuel cell vehicle market is categorized into up to 100 kW, 100-200 kW, and above 200 kW. Based on vehicle type, the fuel cell vehicle market is segmented into passenger cars, buses, trucks, and light commercial vehicles. Geographically, the fuel cell vehicles market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World. APAC is projected to register the highest CAGR in the fuel cell vehicle market from 2021 to 2028 due to the flourishing automotive sector.
The fuel cell vehicles market players worldwide are witnessing a downfall due to the outbreak of COVID-19. It has disrupted the logistics, supply chain, retail, and manufacturing industries in several countries worldwide. The consistent increase in COVID-19 confirmed cases across different regions weakened the manufacturing sector, which resulted in delivery delays.
The overall fuel cell vehicle market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the fuel cell vehicles market. The process also serves the purpose of obtaining an overview and forecast for the fuel cell vehicles market with respect to all the segments. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the fuel cell vehicles market.
A few major players operating in the global fuel cell vehicles market are Hyundai Motor Company; Toyota Motor Corporation; Cummins Inc; General Motors; AB Volvo; Honda Motors Co., Ltd.; Riversimple; Hyzon Motors; Daimler AG; and Ballard Power Systems Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Industrial Segment Analysis
4. Fuel Cell Vehicles Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Fuel Cell Vehicles–Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Clean Energy
5.1.2 Declining Cost of Green Hydrogen
5.2 Market Restraints
5.2.1 High Cost of Refuelling Infrastructure
5.3 Market Opportunities
5.3.1 Increasing Focus on Net Zero
5.4 Market Trend
5.4.1 Increasing Adoption of Fuel Cell Powered Trucks
5.5 Impact Analysis of Drivers and Restraints
6. Fuel Cell Vehicles Market – Global Analysis
6.1 Fuel Cell Vehicles Market Global Overview
6.2 Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Fuel Cell Vehicles Market Analysis – By Electrolyte
7.1 Overview
7.2 Fuel Cell Vehicles Market Breakdown, by Electrolyte, 2020 & 2028
7.3 PEMFC
7.3.1 Overview
7.3.2 PEMFC Market Revenue and Forecast to 2028 (US$ Million)
7.4 PAFC
7.4.1 Overview
7.4.2 PAFC Market Revenue and Forecast to 2028 (US$ Million)
8. Fuel Cell Vehicles Market Analysis – By Power Output
8.1 Overview
8.2 Fuel Cell Vehicles Market Breakdown, by Power Output, 2020 & 2028
8.3 Up to 100 kW
8.3.1 Overview
8.3.2 Up to 100 kW Market Revenue and Forecast to 2028 (US$ Million)
8.4-200 kW
8.4.1 Overview
8.4.2-200 kW Market Revenue and Forecast to 2028 (US$ Million)
8.5 Above 200 kW
8.5.1 Overview
8.5.2 Above 200 kW Market Revenue and Forecast to 2028 (US$ Million)
9. Fuel Cell Vehicles Market Analysis – By Vehicle Type
9.1 Overview
9.2 Fuel Cell Vehicles Market Breakdown, by Vehicle Type, 2020 & 2028
9.3 Passenger Cars
9.3.1 Overview
9.3.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
9.4 Buses
9.4.1 Overview
9.4.2 Pharmaceuticals & Life Sciences Market Revenue and Forecast to 2028 (US$ Million)
9.5 Trucks
9.5.1 Overview
9.5.2 Retail & Consumer Goods Market Revenue and Forecast to 2028 (US$ Million)
9.6 Light Commercial Vehicles
9.6.1 Overview
9.6.2 Food & Beverage Market Revenue and Forecast to 2028 (US$ Million)
10. Fuel Cell Vehicles Market – Geographic Analysis
10.1 Overview
10.2 North America: Fuel Cell Vehicles Market
10.2.1 North America: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Fuel Cell Vehicles Market, By Electrolyte
10.2.3 North America: Fuel Cell Vehicles Market, By Power Output
10.2.4 North America: Fuel Cell Vehicles Market, By Vehicle Type
10.2.5 North America: Fuel Cell Vehicles Market, By Country
10.2.5.1 US: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Fuel Cell Vehicles Market, By Electrolyte
10.2.5.1.2 US: Fuel Cell Vehicles Market, By Power Output
10.2.5.1.3 US: Fuel Cell Vehicles Market, By Vehicle Type
10.2.5.2 Canada: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Fuel Cell Vehicles Market, By Electrolyte
10.2.5.2.2 Canada: Fuel Cell Vehicles Market, By Power Output
10.2.5.2.3 Canada: Fuel Cell Vehicles Market, By Vehicle Type
10.3 Europe: Fuel Cell Vehicles Market
10.3.1 Europe: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Fuel Cell Vehicles Market, By Electrolyte
10.3.3 Europe: Fuel Cell Vehicles Market, By Power Output
10.3.4 Europe: Fuel Cell Vehicles Market, By Vehicle Type
10.3.5 Europe: Fuel Cell Vehicles Market, By Country
10.3.5.1 Germany: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Fuel Cell Vehicles Market, By Electrolyte
10.3.5.1.2 Germany: Fuel Cell Vehicles Market, By Power Output
10.3.5.1.3 Germany: Fuel Cell Vehicles Market, By Vehicle Type
10.3.5.2 UK: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 UK: Fuel Cell Vehicles Market, By Electrolyte
10.3.5.2.2 UK: Fuel Cell Vehicles Market, By Power Output
10.3.5.2.3 UK: Fuel Cell Vehicles Market, By Vehicle Type
10.3.5.3 France: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 France: Fuel Cell Vehicles Market, By Electrolyte
10.3.5.3.2 France: Fuel Cell Vehicles Market, By Power Output
10.3.5.3.3 France: Fuel Cell Vehicles Market, By Vehicle Type
10.3.5.4 Italy: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 Italy: Fuel Cell Vehicles Market, By Electrolyte
10.3.5.4.2 Italy: Fuel Cell Vehicles Market, By Power Output
10.3.5.4.3 Italy: Fuel Cell Vehicles Market, By Vehicle Type
10.3.5.5 Rest of Europe: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Rest of Europe: Fuel Cell Vehicles Market, By Electrolyte
10.3.5.5.2 Rest of Europe: Fuel Cell Vehicles Market, By Power Output
10.3.5.5.3 Rest of Europe: Fuel Cell Vehicles Market, By Vehicle Type
10.4 APAC: Fuel Cell Vehicles Market
10.4.1 APAC: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Fuel Cell Vehicles Market, By Electrolyte
10.4.3 APAC: Fuel Cell Vehicles Market, By Power Output
10.4.4 APAC: Fuel Cell Vehicles Market, By Vehicle Type
10.4.5 APAC: Fuel Cell Vehicles Market, By Country
10.4.5.1 China: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Fuel Cell Vehicles Market, By Electrolyte
10.4.5.1.2 China: Fuel Cell Vehicles Market, By Power Output
10.4.5.1.3 China: Fuel Cell Vehicles Market, By Vehicle Type
10.4.5.2 Japan: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 Japan: Fuel Cell Vehicles Market, By Electrolyte
10.4.5.2.2 Japan: Fuel Cell Vehicles Market, By Power Output
10.4.5.2.3 Japan: Fuel Cell Vehicles Market, By Vehicle Type
10.4.5.3 India: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Fuel Cell Vehicles Market, By Electrolyte
10.4.5.3.2 India: Fuel Cell Vehicles Market, By Power Output
10.4.5.3.3 India: Fuel Cell Vehicles Market, By Vehicle Type
10.4.5.4 Australia: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Australia: Fuel Cell Vehicles Market, By Electrolyte
10.4.5.4.2 Australia: Fuel Cell Vehicles Market, By Power Output
10.4.5.4.3 Australia: Fuel Cell Vehicles Market, By Vehicle Type
10.4.5.5 South Korea: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Fuel Cell Vehicles Market, By Electrolyte
10.4.5.5.2 South Korea: Fuel Cell Vehicles Market, By Power Output
10.4.5.5.3 South Korea: Fuel Cell Vehicles Market, By Vehicle Type
10.4.5.6 Rest of APAC: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Fuel Cell Vehicles Market, By Electrolyte
10.4.5.6.2 Rest of APAC: Fuel Cell Vehicles Market, By Power Output
10.4.5.6.3 Rest of APAC: Fuel Cell Vehicles Market, By Vehicle Type
10.5 Rest of the World: Fuel Cell Vehicles Market
10.5.1 Rest of the World: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 Rest of the World: Fuel Cell Vehicles Market, By Electrolyte
10.5.3 Rest of the World: Fuel Cell Vehicles Market, By Power Output
10.5.4 Rest of the World: Fuel Cell Vehicles Market, By Vehicle Type
10.5.5 Rest of the World: Fuel Cell Vehicles Market, By Region
10.5.5.1 Middle East & Africa: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 MEA: Fuel Cell Vehicles Market, By Electrolyte
10.5.5.1.2 MEA: Fuel Cell Vehicles Market, By Power Output
10.5.5.1.3 MEA: Fuel Cell Vehicles Market, By Vehicle Type
10.5.5.2 Latin America: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Latin America: Fuel Cell Vehicles Market, By Electrolyte
10.5.5.2.2 Latin America: Fuel Cell Vehicles Market, By Power Output
10.5.5.2.3 Latin America: Fuel Cell Vehicles Market, By Vehicle Type
11. Fuel Cell Vehicles Market - COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Rest of the World
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 HYUNDAI MOTOR COMPANY
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 TOYOTA MOTOR CORPORATION
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 CUMMINS INC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 GENERAL MOTORS
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 AB VOLVO
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HONDA MOTOR CO., LTD.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 RIVERSIMPLE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 DAIMLER AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HYZON MOTORS
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 BALLARD POWER SYSTEMS
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES.
Table 1. Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 22. UK Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. France Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 24. France Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 25. France Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 30. APAC Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 31. APAC Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 32. APAC Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. China Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 34. China Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 35. China Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Japan Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 37. Japan Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 38. Japan Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. India Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 40. India Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 41. India Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 44. Australia Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. South Korea Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 46. South Korea Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 47. South Korea Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of APAC Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of APAC Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of APAC Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. ROW Fuel Cell Vehicles Market, By Electrolyte – Revenue and Forecast to 2028 (US$ Million)
Table 52. ROW Fuel Cell Vehicles Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 53. ROW Fuel Cell Vehicles Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. List of Abbreviation
LIST OF FIGURES.
Figure 1. Fuel Cell Vehicles Market Segmentation
Figure 2. Fuel Cell Vehicles Market Segmentation – By Geography
Figure 3. Global Fuel Cell Vehicles Market Overview
Figure 4. PAFC Segment is Expected to Dominate the Market by Electrolyte
Figure 5. Large Enterprise Segment held Largest Market Share in 2020
Figure 6. Manufacturing Segment held Largest Market Share in 2020
Figure 7. North America held Largest Market Share in 2020
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia Pacific – PEST Analysis
Figure 11. Rest of the World – PEST Analysis
Figure 12. Expert Opinion
Figure 13. Digital Business Support System Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Fuel Cell Vehicles Market
Figure 15. Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Fuel Cell Vehicles Market Breakdown, by Electrolyte (2020 and 2028)
Figure 17. PEMFC Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. PAFC Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Fuel Cell Vehicles Market Breakdown, by Power Output (2020 and 2028)
Figure 20. Up to 100 kW Market Revenue and Forecast to 2028 (US$ Million)
Figure 21.-200 kW Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Fuel Cell Vehicles Market Breakdown, by Vehicle Type (2020 and 2028)
Figure 24. Passenger Cars Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Buses Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Trucks Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Light Commercial Vehicles Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Global Fuel Cell Vehicles Market Revenue Share, by Region (2020 and 2028)
Figure 29. North America: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America Fuel Cell Vehicles Market Revenue Share, By Electrolyte (2020 and 2028)
Figure 31. North America Fuel Cell Vehicles Market Revenue Share, By Power Output (2020 and 2028)
Figure 32. North America Fuel Cell Vehicles Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 33. North America Fuel Cell Vehicles Market Revenue Share, By Country (2020 and 2028)
Figure 34. US: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Fuel Cell Vehicles Market Revenue Share, By Electrolyte (2020 and 2028)
Figure 38. Europe Fuel Cell Vehicles Market Revenue Share, By Power Output (2020 and 2028)
Figure 39. Europe Fuel Cell Vehicles Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 40. Europe Fuel Cell Vehicles Market Revenue Share, By Country (2020 and 2028)
Figure 41. Germany: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. UK: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. France: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of the World: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. APAC: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. APAC: Fuel Cell Vehicles Market Revenue Share, By Electrolyte (2020 and 2028)
Figure 48. APAC Fuel Cell Vehicles Market Revenue Share, By Power Output (2020 and 2028)
Figure 49. APAC Fuel Cell Vehicles Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 50. APAC Fuel Cell Vehicles Market Revenue Share, By Country (2020 and 2028)
Figure 51. China: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Japan: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. India: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Australia: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. South Korea: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of APAC: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. ROW: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. ROW: Fuel Cell Vehicles Market Revenue Share, By Electrolyte (2020 and 2028)
Figure 59. ROW Fuel Cell Vehicles Market Revenue Share, By Power Output (2020 and 2028)
Figure 60. ROW Fuel Cell Vehicles Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 61. ROW Fuel Cell Vehicles Market Revenue Share, By Region (2020 and 2028)
Figure 62. MEA: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Latin America: Fuel Cell Vehicles Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Impact of COVID-19 Pandemic in North American Country Markets
Figure 65. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 66. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 67. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 68. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Fuel Cell Vehicles Market
1. Hyundai Motor Company
2. Toyota Motor Corporation
3. Cummins Inc
4. General Motors
5. AB Volvo
6. Honda Motors Co., Ltd.
7. Riversimple
8. Hyzon Motors
9. Daimler AG
10. Ballard Power Systems Inc
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global fuel cell vehicle market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global fuel cell vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
