Fuel Cell Powertrain Market Component Overview, Industry Size, Growth Drivers, Regions, Demands, Top Players Analysis and Forecast 2030
Research Reports
Dec 13, 2022
Fuel Cell Powertrain Market Research Report and Growth Analysis 2022 By Component (Fuel Cell System, Battery System, Drive System, Hydrogen Storage System and Others), Drive Type (Rear Wheel Drive (RWD), Front Wheel Drive (FWD) and All-Wheel Drive (AWD)) Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Buses and Trucks), Power Output (Less than 150 KW, 150–250 KW and More than 250 KW) – Forecast till 2030
Fuel Cell Powertrain Market Overview:
Fuel Cell Powertrain Market is projected to be worth USD 7.37 billion by 2030, registering a CAGR of 71% during the forecast period (2022-2030)
Governments and environmental service providers are establishing tougher emission rules and legislation in response to rising environmental concerns, which are projected to raise the production cost of fuel-efficient diesel engines in the future years. As a result, the new commercial vehicle diesel engines category is likely to increase slowly in the immediate future. Furthermore, traditional fossil-fuel-powered commercial vehicles, particularly trucks and buses, contribute to increased transportation emissions. The introduction of fuel cell commercial vehicles, which are low or zero-emission vehicles, is expected to minimize vehicular emissions released by large commercial vehicles.
Fuel Cell Powertrain Market Key Players:
- AVID Technology Ltd (UK)
- Ballard Power Systems (Canada)
- Brown Machine Group (US)
- Ceres Power (UK)
- Cummins (US)
- Delphi Technologies (UK)
- Denso Corporation (Japan)
- ITM Power Manufacturers (UK)
- Robert Bosch (Germany)
- Bloom Energy (US)
- SFC Energy (Germany) and others.
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Industrial News:
Ballard Power Systems Inc., Doosan Fuel Cell Co. Ltd, Hydrogenic, and Nedstack Fuel Cell Technology BV lead the vehicle fuel cell system industry. These organizations have developed their operations by utilizing new and creative technology to get an advantage over their competition.
Hydrogen is essential for fuel cell operations. Hydrogen infrastructure consists of hydrogen generation, storage, transportation, and distribution. Once hydrogen has been generated, it must be dispersed. It can be delivered to the site of usage by pipelines or other modes of transportation. The availability of hydrogen fuel pumps is critical to commercial hydrogen fuel cell cars. The United States has the most hydrogen filling stations, important hubs for fuel cell automobiles. As a result of these variables, the country is expected to be the largest fuel cell powertrain market over the projection period. Japan and Germany are advantageous markets for fuel cell vehicles. Several industries’ production was either delayed or suspended due to the worldwide lockdown declared by government authorities. This caused significant delays in industrial activity, impacting the economies of various countries. Loss of customers and a shortage of skilled workers have significantly impacted the automobile industry. Furthermore, due to business instability, the industry faced large reductions in investment, which is expected to impact the market’s expansion plans in the next years.
Fuel Cell Powertrain Market Segmentation:
According to the latest report, the global fuel cell powertrain market has been segmented into four categories: engine control unit, fuel pump, sensors, and others. With the basis of engine type, the market has been segmented into three categories like gasoline, diesel & others. Based on the vehicle, the global fuel cell powertrain market has been classified into three categories like commercial vehicles, passenger cars and others. The regional section is further divided into five sections, including Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
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Fuel Cell Powertrain Market Regional Analysis:
The Asia Pacific has seen the most increase in capacity through renewable energy generation. This is due to increased investments in solar technology by nations such as China and India, who have ambitions of supplying 680 GW and 227 GW solutions, respectively, until 2022, followed by North and South America. As these technologies gain traction for power generation, the usage of batteries for off-grid and grid energy storage has expanded, aided by battery cost reductions. All of these variables, taken together, offer difficulties for important competitors in the market for developments in fuel cell technology. The European Union wants to decrease GHG emissions from the transportation sector considerably. Consequently, numerous European governments have highlighted the use of revolutionary technology, such as fuel cells, as a means of meeting these goals. This, in turn, is projected to present a considerable opportunity for fuel cell manufacturers operating in the market shortly.
Table Of Contents
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 PRIMARY RESEARCH
3.2 SECONDARY RESEARCH
3.3 MARKET CAPACITY ESTIMATION
3.4 FORECAST MODEL
3.5 LIST OF ASSUMPTIONS
3.6 LIMITATIONS OF THE STUDY
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION
5.2 MARKET DRIVERS
5.3 MARKET RESTRAINTS
5.4 MARKET OPPORTUNITIES
5.5 PORTER’S FIVE FORCES ANALYSIS
5.5.1 THREAT OF NEW ENTRANTS
5.5.2 BARGAINING POWER OF BUYERS
5.5.3 BARGAINING POWER OF SUPPLIERS
5.5.4 THREAT OF SUBSTITUTES
5.5.5 INTENSITY OF RIVALRY
5.6 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
6 GLOBAL FUEL CELL POWERTRAIN MARKET, BY COMPONENT
6.1 INTRODUCTION
6.2 FUEL CELL SYSTEM
6.2.1 MARKET ESTIMATES & FORECAST, 2020–2027
6.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027
6.3 BATTERY SYSTEM
6.3.1 MARKET ESTIMATES & FORECAST, 2020–2027
6.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027
6.4 DRIVE SYSTEM
6.4.1 MARKET ESTIMATES & FORECAST, 2020–2027
6.4.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027
6.5 HYDROGEN STORAGE SYSTEM
…Continued.
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