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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
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AU_184558
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Pages: 127
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Feb
2018 |
4147 Views
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Author(s) :
Chandani Poddar & Supradip Baul
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Tables: 72
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Charts: 69
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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. Key market segment
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: Executive summary
2.1. 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
3.2.3.1. Top winning strategies, by year 2014-2017
3.2.3.2. Top winning strategies, by development 2014-2017
3.2.3.3. Top winning strategies, by company 2014-2017
3.3. Porter's five forces analysis
3.4. Market share analysis, 2016
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rising environmental concern
3.5.1.2. Government initiatives for development of hydrogen fuel cell infrastructure
3.5.2. Restraints
3.5.2.1. High Initial investment in infrastructure
3.5.3. Opportunities
3.5.3.1. Advance in technology and future potential in hydrogen fuel cell vehicle market
CHAPTER 4: HYDROGEN FUEL CELL VEHICLE MARKET BY VEHICLE TYPE
4.1. Overview
4.2. Passenger Vehicle
4.2.1. Key market trends 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 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
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
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
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 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 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 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 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
7.2. 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
7.3. BMW Group
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.4. Daimler AG
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.5. 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
7.9. Toyota Motor Corporation
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.10. Volvo
7.10.5. Company overview
7.10.6. Company snapshot
7.10.7. Operating business segments
7.10.8. Business performance
LIST OF TABLES
TABLE 01. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 02. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR PASSENGER VEHICLE, BY REGION, 2016-2023 ($MILLION)
TABLE 03. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR COMMERCIAL VEHICLE, BY REGION, 2016-2023 ($MILLION)
TABLE 04. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 05. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR PROTON EXCHANGE MEMBRANE FUEL CELL, BY REGION, 2016-2023 ($MILLION)
TABLE 06. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR PHOSPHORIC ACID FUEL CELL, BY REGION, 2016-2023 ($MILLION)
TABLE 07. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 08. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 09. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY 20172023 ($MILLION)
TABLE 12. U.S. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 13. U.S. HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 14. CANADA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 15. CANADA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 16. MEXICO HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 17. MEXICO HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 18. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 19. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 20. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY 20172023 ($MILLION)
TABLE 21. UK HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 22. UK HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 23. FRANCE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 24. FRANCE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 25. GERMANY HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 26. GERMANY HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 27. RUSSIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 28. RUSSIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 29. REST OF EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 30. REST OF EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 31. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY 2016-2023 ($MILLION)
TABLE 34. JAPAN HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 35. JAPAN HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 36. SOUTH KOREA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 37. SOUTH KOREA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 38. INDIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 39. INDIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 40. CHINA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 41. CHINA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 42. REST OF ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 44. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 45. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE FOR TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 46. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY COUNTRY 2016-2023 ($MILLION)
TABLE 47. LATIN AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 48. LATIN AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 49. MIDDLE EAST HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 50. MIDDLE EAST HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 51. AFRICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 52. AFRICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($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. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, 2016-2023
FIGURE 02. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION, 2016-2023
FIGURE 03. TOP INVESTMENT POCKETS: HYDROGEN FUEL CELL VEHICLE MARKET
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR 2014-2017*
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT 2014-2017 (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY 2014-2017 (%)
FIGURE 07. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 08. MODERATE BARGAINING POWER OF BUYERS
FIGURE 09. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE OF SUBSTITUTES
FIGURE 11. HIGH COMPETITIVE RIVALARY
FIGURE 12. MARKET SHARE ANALYSIS: HYDROGEN FUEL CELL VEHICLE MARKET, 2016
FIGURE 13. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, BY VEHICLE TYPE, 2016-2023
FIGURE 14. COMPARATIVE ANALYSIS OF PASSENGER VEHICLE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 15. COMPARATIVE ANALYSIS OF TEMPERATURE SENSOR MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, BY TECHNOLOGY, 2016-2023
FIGURE 17. COMPARATIVE ANALYSIS OF PROTON EXCHANGE MEMBRANE FUEL CELL MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 18. COMPARATIVE ANALYSIS OF PHOSPHORIC ACID FUEL CELL MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 19. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 20. GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION, 2016-2023
FIGURE 21. NORTH AMERICA HYDROGEN FUEL CELL VEHICLE MARKET, BY COUNTRY, 2016-2023
FIGURE 22. US HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 23. CANADA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 24. MEXICO HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 25. EUROPE HYDROGEN FUEL CELL VEHICLE MARKET, BY COUNTRY, 2016-2023
FIGURE 26. UK HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 27. FRANCE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 28. GERMANY HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 29. RUSSIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 30. REST OF EUROPE HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 31. ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET, BY COUNTRY, 2016-2023
FIGURE 32. JAPAN HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 33. SOUTH KOREA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 34. INDIA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 35. CHINA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 36. REST OF ASIA-PACIFIC HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 37. LAMEA HYDROGEN FUEL CELL VEHICLE MARKET, BY REGION, 2016-2023
FIGURE 38. LATIN AMERICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 39. MIDDLE EAST HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 40. AFRICA HYDROGEN FUEL CELL VEHICLE MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 41. AUDI AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 42. AUDI AG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 43. AUDI AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 44. BALLARD POWER SYSTEMS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 45. BALLARD POWER SYSTEMS INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 46. BALLARD POWER SYSTEMS INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. BMW GROUP: REVENUE, 2014-2016 ($MILLION)
FIGURE 48. BMW GROUP: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 49. BMW GROUP: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 50. DAIMLER AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 51. DAIMLER AG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 52. DAIMLER AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 53. GENERAL MOTORS COMPANY: REVENUE, 2014-2016 ($MILLION)
FIGURE 54. GENERAL MOTORS COMPANY: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 55. GENERAL MOTORS COMPANY: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 56. HONDA MOTOR CO., LTD.: REVENUE, 2015-2017 ($MILLION)
FIGURE 57. HONDA MOTOR CO., LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 58. HONDA MOTOR CO., LTD.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 59. HYUNDAI: REVENUE, 2014-2016 ($MILLION)
FIGURE 60. HYUNDAI MOTOR GROUP. REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 61. MAN SE: REVENUE, 2014-2016 ($MILLION)
FIGURE 62. MAN SE: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 63. MAN SE: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 64. TOYOTA MOTOR CORPORATION: REVENUE, 2015-2017 ($MILLION)
FIGURE 65. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 66. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 67. VOLVO GROUP (VOLVO): REVENUE, 2014-2016 ($MILLION)
FIGURE 68. VOLVO GROUP (VOLVO): REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 69. VOLVO GROUP (VOLVO): REVENUE SHARE BY GEOGRAPHY, 2016 (%)
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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