Automotive Fuel Cell Market to rise at 15% CAGR and reach remarkable market value during 2019 and 2023 due to conscious decisions by the automakers to reduce the carbon footprint in order to compensate the large automotive sales. The second Automotive Fuel Cell Market growth factor is government initiatives in developed countries to find cleaner and greener alternatives to fuel. The third factor is the threat posed to the physical wellbeing of the user by conventional cell technology, according to Global Automotive Fuel Cell Market 2019 – Industry Report published by “Market Research Future”.
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Key Players Profiled in the latest report by Market Research Future include:
Automotive Fuel Cell Cooperation (Canada), Ballard Power Systems Inc. (Canada), Ceramic Fuel Cells Ltd (Australia), Delphi Technologies (UK), Hydrogenics (Canada), ITM Power (UK), Nedstack (The Netherlands), and Plug Power (USA).
Automotive Fuel Cell Market Overview:
The automotive fuel cell technology is an attractive proposition for automakers, which helps them manufacture high energy cells capable of powering the automobiles. The fuel cells use either hydrogen or methane as the primary energy provider. Both these elements are cleaner sources of fuel, as against the conventional lithium-ion battery cells, which cannot be recycled. The lithium-ion battery cells pose the problem of disposal, thus impacting the environment considerably.
The automotive fuel cell technology helps automakers to manufacture high energy cells that can power the automobiles. Conventional cell technology poses a considerable threat for the physical wellbeing of the user, if not handled with care. The global automotive fuel cell market is expected to grow with a CAGR of approx. 15% (2017 to 2023).
Segmental Analysis:
The global automotive fuel cell market can be segmented on the basis of the components, electrolyte type, fuel type, power output, vehicle type, and lastly, region.
The components-based segmentation segments this market into the fuel processor, fuel stack, and power conditioner. Based on the electrolyte type, the market has been segmented into phosphoric acid fuel cell (PAFC) and proton exchange membrane fuel cells (PEMFC).
By fuel type, the market has been segmented into hydrogen and methanol.
On the basis of power output, the market has been segmented into less than 100KW, 100-200 KW, and more than 200KW. As per vehicle type, the market has been segmented into the light commercial vehicle (LCV), heavy commercial vehicle (HCV), and passenger vehicle (PV).
Detailed Regional Analysis:
Geographically, the global Automotive Fuel Cell market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World.
Asia Pacific region is expected to drive sales of the global automotive fuel cell market, making it a continually growing market. The governments of countries such as China, Japan and Hong Kong are encouraging the use of renewable energies backed with favorable policies to restrict the ill effects of global warming.
North America region is taking steps to reduce the carbon footprint due to a large number of vehicles plying on the roads. The high demand for passenger vehicles and heavy commercial vehicles increases the demand for the fuel cell as a greener alternative to the traditional cells.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AUTOMOTIVE FUEL CELL MARKET
5 INUSTRY OVERVIEW OF GLOBAL AUTOMOTIVE FUEL CELL MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL AUTOMOTIVE FUEL CELL MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE FUEL CELL MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE FUEL CELL MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE FUEL CELL MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA AUTOMOTIVE FUEL CELL MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA AUTOMOTIVE FUEL CELL MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 GLOBAL AUTOMOTIVE FUEL CELL MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE FUEL CELL MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL AUTOMOTIVE FUEL CELL MARKET
FIGURE 5 SHARE OF GLOBAL AUTOMOTIVE FUEL CELL MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL AUTOMOTIVE FUEL CELL MARKET, 2017-2023,
Continued…
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