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The fuel cells for automotive industry market is forecasted to grow by USD 8.57 billion during 2023-2028, accelerating at a CAGR of 35.28% during the forecast period. The report on the fuel cells for automotive industry market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for efficient and cleaner fuel, government incentives for fuel cell vehicles, and advantages of hydrogen fuel cell vehicles.
The fuel cells for automotive industry market is segmented as below:
By Fuel Type
- Hydrogen
- Methanol
By Application
- Light-duty vehicles
- Heavy-duty vehicles
- Others
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the fuel cells for automotive industry market covers the following areas:
- Fuel cells for automotive industry market sizing
- Fuel cells for automotive industry market forecast
- Fuel cells for automotive industry market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Fuel Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global fuel cells for automotive industry market: Acumentrics Inc., Ballard Power Systems Inc., BorgWarner Inc., Ceres Power Holdings plc, Cummins Inc., ElringKlinger AG, Hyster Yale Materials Handling Inc., Hyundai Motor Co., Intelligent Energy Ltd., ITM Power PLC, Nedstack Fuel Cell Technology BV, Nel ASA, PowerCell Sweden AB, PRAGMA INDUSTRIES, Proton Motor Fuel Cell GmbH, The Symbio SAS, TW Horizon Fuel Cell Technologies, Valmet Automotive Group, and W. L. Gore and Associates Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is reduction in cost of fuel cell systems."
According to the report, one of the major drivers for this market is the increased demand for efficient and cleaner fuel.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acumentrics Inc.
- Ballard Power Systems Inc.
- BorgWarner Inc.
- Ceres Power Holdings plc
- Cummins Inc.
- ElringKlinger AG
- Hyster Yale Materials Handling Inc.
- Hyundai Motor Co.
- Intelligent Energy Ltd.
- ITM Power PLC
- Nedstack Fuel Cell Technology BV
- Nel ASA
- PowerCell Sweden AB
- PRAGMA INDUSTRIES
- Proton Motor Fuel Cell GmbH
- The Symbio SAS
- TW Horizon Fuel Cell Technologies
- Valmet Automotive Group
- W. L. Gore and Associates Inc.
