Hydrogen Fuel Cell Vehicle Market by Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 Update Available On-Demand
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AU_184558
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Pages: 127
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Feb
2018 |
7415 Views
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Author(s) :
Akshay Jadhav
, Supradip Baul
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Tables: 72
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Charts: 75
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Formats*:
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Hydrogen Fuel Cell Vehicle Market Overview:
Global Hydrogen Fuel Cell Vehicle Market was valued at $278 million in 2016, and is projected to reach at $12,133 million by 2023, growing at a CAGR of 72.4% from 2017 to 2023. Hydrogen Fuel Cell Vehicle Market is a device that generates electricity from hydrogen while the vehicle is running. It uses a hydrogen fuel cell to power its on-board electric motor. Hydrogen fuel cell vehicles do not create any greenhouse gas (GHG) emissions during vehicle operation unlike diesel-powered and gasoline vehicles. Furthermore, the remarkable potential of hydrogen fuel cell vehicles to reduce emissions from the transportation sector fuels the market growth rate.
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The global hydrogen fuel cell vehicle market is expected to register significant growth during the forecast period, owing to rise in environmental concern and government initiatives to propel hydrogen fuel cell infrastructure. Furthermore, tax rebates and developments in aggressive hydrogen refueling stations (HRS) fuels the market growth. However, initial large investment in infrastructure is expected to restrain the market growth.
Honda, Toyota, Hyundai, Daimler, Audi, BMW, Volvo, Ballard Power Systems, General Motors, and MAN some of the key players operating in the global hydrogen fuel cell vehicle market.
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The hydrogen fuel cell vehicle market is segmented based on vehicle type, technology, and region. Based on vehicle type, the market is bifurcated into passenger and commercial vehicle. According to technology, the market is classified into proton exchange membrane fuel cell, phosphoric acid fuel cells, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Factors that are expected to impact the global hydrogen fuel cell vehicle market during the forecast period are as follows
- Rise in environmental concern
- Government initiatives for development of hydrogen fuel cell infrastructure
- High initial investment in infrastructure
- Advance in technology and future potential in hydrogen fuel cell vehicle market
Rise in environmental concern
Due to rise in concerns of environment degradation and depletion of natural resources, various technologies are being launched in the market that support the eco-friendly concept to sustain the environment. People are being aware of the consequences of air pollution, rise in levels of exposure to carbon footprint, and greenhouse gas emission. All these factors surge the demand for hydrogen fuel cell vehicle as it is eco-friendly as it does not use fossil fuel as other conventional vehicles.
High Initial investment in infrastructure
Hydrogen fuel cell technology offer powertrain that emits no tailpipe greenhouse gases and other harmful pollutants such as nitrogen oxides and particulate matter, which attract vendor towards this technology. However, costly materials such as platinum in the fuel cell anode and carbon fiber to produce the hydrogen fuel tanks and others required to develop hydrogen infrastructure is expected to hamper the market growth.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global hydrogen fuel cell vehicle market with current trends and future estimations to portray the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
- Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
Hydrogen Fuel Cell Vehicle Market Key Segments:
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Fuel Cell Technology Type
- Proton Exchange Membrane Fuel Cell
- Phosphoric Acid Fuel Cells
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- South Korea
- India
- China
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players Profiled
- Honda
- Toyota
- Hyundai
- Daimler
- Audi
- BMW
- Volvo
- Ballard Power Systems
- General Motors
- MAN
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Research methodology
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market share analysis, 2018
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in environmental concern
3.5.1.2. Government initiatives for development of hydrogen fuel cell infrastructure
3.5.2. Restraint
3.5.2.1. High initial investment in infrastructure
3.5.3. Opportunity
3.5.3.1. Technological advancement and future potential in hydrogen fuel cell vehicle market
3.6. Key dynamics
3.6.1. Value chain analysis
3.6.2. Market evolution
3.6.3. Industry roadmap
3.6.4. Pricing analysis
3.6.5. Race analysis
CHAPTER 4: HYDROGEN FUEL CELL VEHICLE MARKET, BY VEHICLE TYPE
4.1. Overview
4.2. Passenger vehicle
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Commercial vehicle
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
CHAPTER 5: HYDROGEN FUEL CELL VEHICLE MARKET, BY TECHNOLOGY
5.1. Overview
5.2. Proton exchange membrane fuel cell
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Phosphoric acid fuel cell
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Others
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
CHAPTER 6: HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by vehicle type
6.2.3. Market size and forecast, by technology
6.2.4. Market analysis by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast
6.2.4.1.2. Market size and forecast, by vehicle type
6.2.4.1.3. Market size and forecast, by technology
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast
6.2.4.2.2. Market size and forecast, by vehicle type
6.2.4.2.3. Market size and forecast, by technology
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast
6.2.4.3.2. Market size and forecast, by vehicle type
6.2.4.3.3. Market size and forecast, by technology
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by vehicle type
6.3.3. Market size and forecast, by technology
6.3.4. Market analysis by country
6.3.4.1. UK
6.3.4.1.1. Market size and forecast
6.3.4.1.2. Market size and forecast, by vehicle type
6.3.4.1.3. Market size and forecast, by technology
6.3.4.2. France
6.3.4.2.1. Market size and forecast
6.3.4.2.2. Market size and forecast, by vehicle type
6.3.4.2.3. Market size and forecast, by technology
6.3.4.3. Germany
6.3.4.3.1. Market size and forecast
6.3.4.3.2. Market size and forecast, by vehicle type
6.3.4.3.3. Market size and forecast, by technology
6.3.4.4. Russia
6.3.4.4.1. Market size and forecast
6.3.4.4.2. Market size and forecast, by vehicle type
6.3.4.4.3. Market size and forecast, by technology
6.3.4.5. Rest of Europe
6.3.4.5.1. Market size and forecast
6.3.4.5.2. Market size and forecast, by vehicle type
6.3.4.5.3. Market size and forecast, by technology
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by vehicle type
6.4.3. Market size and forecast, by technology
6.4.4. Market analysis by country
6.4.4.1. Japan
6.4.4.1.1. Market size and forecast
6.4.4.1.2. Market size and forecast, by vehicle type
6.4.4.1.3. Market size and forecast, by technology
6.4.4.2. South Korea
6.4.4.2.1. Market size and forecast
6.4.4.2.2. Market size and forecast, by vehicle type
6.4.4.2.3. Market size and forecast, by technology
6.4.4.3. India
6.4.4.3.1. Market size and forecast
6.4.4.3.2. Market size and forecast, by vehicle type
6.4.4.3.3. Market size and forecast, by technology
6.4.4.4. China
6.4.4.4.1. Market size and forecast
6.4.4.4.2. Market size and forecast, by vehicle type
6.4.4.4.3. Market size and forecast, by technology
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market size and forecast
6.4.4.5.2. Market size and forecast, by vehicle type
6.4.4.5.3. Market size and forecast, by technology
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by vehicle type
6.5.3. Market size and forecast, by technology
6.5.4. Market analysis by region
6.5.4.1. Latin America
6.5.4.1.1. Market size and forecast
6.5.4.1.2. Market size and forecast, by vehicle type
6.5.4.1.3. Market size and forecast, by technology
6.5.4.2. Middle East
6.5.4.2.1. Market size and forecast
6.5.4.2.2. Market size and forecast, by vehicle type
6.5.4.2.3. Market size and forecast, by technology
6.5.4.3. Africa
6.5.4.3.1. Market size and forecast
6.5.4.3.2. Market size and forecast, by vehicle type
6.5.4.3.3. Market size and forecast, by technology
CHAPTER 7: COMPANY PROFILES
7.1. Audi AG
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments
7.2. Ballard Power Systems Inc.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments
7.3. BMW Group
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments
7.4. Daimler AG
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments
7.5. General Motors Company
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments
7.6. Honda Motor Co., Ltd.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7. Hyundai Motor Group
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Business performance
7.7.5. Key strategic moves and developments
7.8. MAN SE
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments
7.9. Toyota Motor Corporation
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. Volvo Group
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
LIST OF TABLES
TABLE 01. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 02. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR PASSENGER VEHICLE, BY REGION, 2018–2026 ($MILLION)
TABLE 03. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR COMMERCIAL VEHICLE, BY REGION, 2018–2026 ($MILLION)
TABLE 04. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 05. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR PROTON EXCHANGE MEMBRANE FUEL CELL, BY REGION, 2018–2026 ($MILLION)
TABLE 06. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR PHOSPHORIC ACID FUEL CELL, BY REGION, 2018–2026 ($MILLION)
TABLE 07. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR OTHERS, BY REGION, 2018–2026 ($MILLION)
TABLE 08. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY REGION, 2018–2026 ($MILLION)
TABLE 09. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 10. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 11. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY, 2019–2026 ($MILLION)
TABLE 12. U.S. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 13. U.S. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 14. CANADA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 15. CANADA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 16. MEXICO HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 17. MEXICO HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 18. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 19. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 20. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY, 2019–2026 ($MILLION)
TABLE 21. UK HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 22. UK HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 23. FRANCE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 24. FRANCE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 25. GERMANY HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 26. GERMANY HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 27. RUSSIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 28. RUSSIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 29. REST OF EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 30. REST OF EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 31. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 32. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 33. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 34. JAPAN HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 35. JAPAN HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 36. SOUTH KOREA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 37. SOUTH KOREA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 38. INDIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 39. INDIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 40. CHINA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 41. CHINA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 42. REST OF ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 44. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 45. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 46. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY 2018–2026 ($MILLION)
TABLE 47. LATIN AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 48. LATIN AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 49. MIDDLE EAST HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 50. MIDDLE EAST HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 51. AFRICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 52. AFRICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 53. AUDI AG: COMPANY SNAPSHOT
TABLE 54. AUDI AG: OPERATING SEGMENTS
TABLE 55. BALLARD POWER SYSTEMS INC.: COMPANY SNAPSHOT
TABLE 56. BALLARD POWER SYSTEMS INC.: OPERATING SEGMENTS
TABLE 57. BMW GROUP: COMPANY SNAPSHOT
TABLE 58. BMW GROUP: OPERATING SEGMENTS
TABLE 59. DAIMLER AG: COMPANY SNAPSHOT
TABLE 60. DAIMLER AG: OPERATING SEGMENTS
TABLE 61. GENERAL MOTORS COMPANY: COMPANY SNAPSHOT
TABLE 62. GENERAL MOTORS COMPANY: OPERATING SEGMENTS
TABLE 63. HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 64. HONDA MOTOR CO., LTD.: OPERATING SEGMENTS
TABLE 65. HYUNDAI MOTOR GROUP.: COMPANY SNAPSHOT
TABLE 66. HYUNDAI MOTOR GROUP.: OPERATING SEGMENTS
TABLE 67. MAN SE: COMPANY SNAPSHOT
TABLE 68. MAN SE : OPERATING SEGMENTS
TABLE 69. TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 70. TOYOTA MOTOR CORPORATION: OPERATING SEGMENTS
TABLE 71. VOLVO GROUP (VOLVO): COMPANY SNAPSHOT
TABLE 72. VOLVO GROUP (VOLVO): OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET SNAPSHOT, 2018–2026
FIGURE 03. HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION, 2018–2026
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. TOP WINNING STRATEGIES, BY YEAR, 2016-2019
FIGURE 06. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2019(%)
FIGURE 07. TOP WINNING STRATEGIES, BY COMPANY, 2016-2019
FIGURE 08. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 09. MODERATE BARGAINING POWER OF BUYERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE OF SUBSTITUTES
FIGURE 12. HIGH COMPETITIVE RIVALRY
FIGURE 13. MARKET SHARE ANALYSIS: HYDROGEN FUEL CELL VEHICLE MARKET, 2018
FIGURE 14. VALUE CHAIN ANALYSIS
FIGURE 15. MARKET EVOLUTION
FIGURE 16. INDUSTRY ROADMAP
FIGURE 17. PRICING ANALYSIS
FIGURE 18. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2026
FIGURE 19. COMPARATIVE ANALYSIS OF PASSENGER VEHICLE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 20. COMPARATIVE ANALYSIS OF COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 21. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, BY TECHNOLOGY, 2018-2026
FIGURE 22. COMPARATIVE ANALYSIS OF PROTON EXCHANGE MEMBRANE FUEL CELL MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 23. COMPARATIVE ANALYSIS OF PHOSPHORIC ACID FUEL CELL MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 24. COMPARATIVE ANALYSIS OF OTHERS MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 25. HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION, 2018-2026
FIGURE 26. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET, BY COUNTRY, 2018-2026 ($MILLION)
FIGURE 27. U.S. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 28. CANADA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 29. MEXICO HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 30. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET, BY COUNTRY, 2018-2026
FIGURE 31. UK HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 32. FRANCE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 33. GERMANY HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 34. RUSSIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 35. REST OF EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 36. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET, BY COUNTRY, 2018-2026
FIGURE 37. JAPAN HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 38. SOUTH KOREA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 39. INDIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 40. CHINA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 41. REST OF ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 42. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION, 2018-2026
FIGURE 43. LATIN AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 44. MIDDLE EAST HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 45. AFRICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 46. AUDI AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 47. AUDI AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48. AUDI AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49. BALLARD POWER SYSTEMS INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 50. BALLARD POWER SYSTEMS INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 51. BALLARD POWER SYSTEMS INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 52. BMW GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 53. BMW GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54. BMW GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55. DAIMLER AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 56. DAIMLER AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. DAIMLER AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58. GENERAL MOTORS COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 59. GENERAL MOTORS COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60. GENERAL MOTORS COMPANY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61. HONDA MOTOR CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 62. HONDA MOTOR CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 63. HONDA MOTOR CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 64. HYUNDAI MOTOR GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 65. HYUNDAI MOTOR GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 66. HYUNDAI MOTOR GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 67. MAN SE: REVENUE, 2016–2018 ($MILLION)
FIGURE 68. MAN SE: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 69. MAN SE: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 70. TOYOTA MOTOR CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 71. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 72. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 73. VOLVO GROUP (VOLVO): REVENUE, 2016–2018 ($MILLION)
FIGURE 74. VOLVO GROUP (VOLVO): REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 75. VOLVO GROUP (VOLVO): REVENUE SHARE BY REGION, 2018 (%)
Hydrogen fuel cell generates electricity from hydrogen while the vehicle is running. Hydrogen fuel cell vehicles do not create any greenhouse gas (GHG) emissions during vehicle operation unlike diesel-powered and gasoline vehicles. Furthermore, extensive support from the government to propel hydrogen fuel cell infrastructure provides offers of growth opportunities for the sector.
By vehicle type, passenger vehicle is a dominant segment in 2016. Based on technology, the others fuel cell segment is expected to register the highest CAGR of 72.4% during the forecast period, followed by proton exchange membrane fuel cell and phosphoric acid fuel cell with CAGR 71.9% and 69.9% respectively.
Honda, Toyota, Hyundai, Daimler, Audi, BMW, Volvo, Ballard Power Systems, General Motors, and MAN are the key market players operating in the hydrogen fuel cell vehicle market.
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