April 24, 2018 - 4:41 AM EDT
Print Email Article Font Down Font Up
Automotive Fuel Cell Market - Global Forecast to 2025: Market to Grow at a CAGR of 65.86%

Dublin, April 24, 2018 (GLOBE NEWSWIRE) -- The "Automotive Fuel Cell Market by Components (Fuel Stack, Fuel Processor, Power Conditioner), Electrolyte Type (PEMFC, PAFC), Power Output, Vehicle Type (PC, LCV, Bus, Truck), H2 Fuel Station, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The volume of automoitve fuel cell market is estimated to be 7,785 units in 2018 and is projected to reach 268,786 units by 2025, at a CAGR of 65.86% from 2018 to 2025.

The key growth drivers for the market are higher fuel efficiency , longer driving range, and fast refueling of fuel cell; stringent emission norms; increasing government initiatives and investment for the development of fuel cell technology; and the increasing use of fuel cell in transportation sector.

The fuel stack segment, by component type, is estimated to hold the largest market share in 2018. However, the power conditioner segment is estimated to be the fastest growing segment during the forecast period because of the increasing adoption of electronic systems in vehicles.

The passenger car segment is estimated to hold the largest market share, in terms of volume, for automotive fuel cell market, by vehicle type, during the forecast period. The segment is estimated to be the fastest growing market owing to the ease of application of fuel cell technology in passenger cars, increased driving range, cost efficiency, and high focus of OEMs to implement fuel cell technology in passenger cars.

The 100-200 KW segment is estimated to hold the largest market share, by volume, for automotive fuel cell market, by power output, during the forecast period. The growth will be driven by high demand for passenger vehicles. High output powered vehicles provide increased driving range and better performance. >200 KW is estimated to be fastest growing segment in the market. The segment is expected to grow because of the mass adoption of fuel cell commercial vehicles.

The Proton Exchange Membrane (PEM) fuel cell is estimated to be largest and fastest growing market, in terms of volume, in the automotive fuel cell market, by electrolyte type. PEM fuel cells are used in passenger and commercial vehicles for their high-power density, suitable operating temperature, small size, and light weight.

Asia Pacific is estimated to be the largest market for automoitve fuel cell during the forecast period, followed by North America and Europe. The higher production of fuel cell vehicles such as cars, buses, and trucks are driving the automoitve fuel cell market in this region. Also, Asia Pacific represents the biggest market for green technologies in the world. The largest markets for fuel cells in Asia Pacific are China, Japan, and South Korea.

The factors restraining the growth of automotive fuel cell are high flammability and the difficulty in detecting the leakage of hydrogen. Also, rising demand for battery electric vehicles and hybrid electric vehicles, insufficient hydrogen infrastructure, and high cost of hydrogen-powered vehicle are the challenges for the growth of automotive fuel cell market.

The automoitve fuel cell market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Ballard Power System (Canada), ITM Power (UK), Plug Power (US), Toshiba (Japan), AFCC (Canada), Hydrogenics (Canada) and Ceres Power (UK).

Key Topics Covered:

1 Introduction

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Factor Analysis
2.4.1 Introduction
2.4.2 Demand-Side Analysis
2.4.2.1 Stringent Emission Regulations
2.4.2.2 Growing Industrial Demand for Fuel Cells
2.4.2.3 Sustainable Transportation
2.4.3 Supply-Side Analysis
2.4.3.1 Collaboration of Oems With Fuel Cell Suppliers
2.4.3.2 Availability of Hydrogen in Abundance
2.4.3.3 Reducing Cost of Raw Materials
2.5 Market Size Estimation
2.6 Data Triangulation
2.7 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Automotive Fuel Cell Market
4.2 Automotive Fuel Cell Market, By Vehicle Type, 2018-2025
4.3 Automotive Fuel Cell Market, By Power Output, 2018-2025
4.4 Automotive Fuel Cell Market, By Electrolyte Type, 2018-2025
4.5 Automotive Fuel Cell Market, By Hydrogen Stations, 2018-2025
4.6 Automotive Fuel Cell Market, By Component Type, 2018-2025
4.7 Automotive Fuel Cell Market, By Region, 2018-2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Better Fuel Efficiency and Increased Driving Range
5.2.1.2 Fast Refueling
5.2.1.3 Reduced Oil Dependency
5.2.1.4 Less Greenhouse Gas and Air Pollutant Emissions
5.2.2 Restraints
5.2.2.1 Highly Flammable
5.2.2.2 Hard to Detect Hydrogen Leakages
5.2.3 Opportunities
5.2.3.1 Rising Demand for Fuel Cell Vehicles in the Automotive & Transportation Sectors
5.2.3.2 Government Initiatives Promoting Hydrogen Infrastructure
5.2.4 Challenges
5.2.4.1 High Vehicle Costs
5.2.4.2 Insufficient Hydrogen Infrastructure
5.2.4.3 Rising Demand for Bevs and Hevs
5.3 Macro-Indicator Analysis
5.3.1 Introduction
5.3.1.1 Fuel Cell Electric Vehicle Sales as A Percentage of Electric Car Sales
5.3.1.2 GDP (USD Billion)
5.3.1.3 Gni Per Capita, Atlas Method (USD)
5.3.1.4 GDP Per Capita PPP (USD)
5.3.1.5 Macro Indicators Influencing the Automotive Fuel Cell Market,
5.3.1.5.1 US
5.3.1.5.2 Japan
5.3.1.5.3 China
5.4 Expected Fcev Model Launches
5.5 Key Trends in Fuel Cell Technology
5.5.1 Fuel Cell for Heavy Load Transportation
5.5.2 Plug-In Hybrid Fuel Cell Vehicles
5.5.3 Hydrogen Production Process (Electrolysis- Shell Electrolysis Plant)
5.5.4 Decreasing Cost of Fuel Cell
5.5.5 Powertrain Costs of Fcevs and Bevs at Various Electric Energy Capacity Levels, 2030
5.6 Cost of Fuel Cell Systems, Current & Future Trend

6 Automotive Fuel Cell Market, Future Trends & Scenario
6.1 Introduction
6.2 Automotive Fuel Cell Market - Most Likely Scenario
6.3 Automotive Fuel Cell Market - Optimistic Scenario
6.4 Automotive Fuel Cell Market - Pessimistic Scenario

7 Technology Overview
7.1 Introduction
7.2 Key Components of Fuel Cell Electric Vehicle
7.2.1 Fuel Cell Stack
7.2.2 Fuel Processor
7.2.3 Power Conditioner
7.3 Types of Fuel Cell

8 Automotive Fuel Cell Market, By Electrolyte Type
8.1 Introduction
8.2 Pemfc
8.3 Pafc

9 Automotive Fuel Cell Market, By Component Type
9.1 Introduction
9.2 Fuel Stack
9.3 Fuel Processor
9.4 Power Conditioner

10 Automotive Fuel Cell Market, By Power Output
10.1 Introduction
10.2 <100 Kw Power Output
10.3 100-200 Kw Power Output
10.4 >200 Kw Power Output

11 Automotive Fuel Cell Market, By Hydrogen Fueling Station
11.1 Introduction
11.2 Asia Pacific
11.3 Europe
11.4 North America

12 Automotive Fuel Cell Market, By Vehicle Type
12.1 Introduction
12.2 PC
12.3 LCV
12.4 Buses
12.5 Trucks

13 Automotive Fuel Cell Market, By Region

14 Competitive Landscape

15 Company Profiles

  • AFCC
  • Ballard Power Systems
  • Ceres Power
  • Daimler
  • Delphi
  • Honda
  • Hydrogenics
  • Hyundai
  • ITM Power
  • Nedstack
  • Nissan
  • Nuvera
  • Panasonic
  • Plug Power
  • Toshiba
  • Toyota

For more information about this report visit https://www.researchandmarkets.com/research/rlfck8/automotive_fuel?w=12


CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
         Related Topics: Automotive Parts, Fuel Cells, Electric and Hybrid Vehicles

Primary Logo


Source: GlobeNewswire (April 24, 2018 - 4:41 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice