Hydrogen fuel cell vehicles utilizes a hydrogen fuel cell to power its on-board electric motor. Hydrogen is used to operate a hydrogen fuel cell to generate electricity. Hydrogen fuel cell vehicles possess high potential to reduce emissions related to the transportation sector. This vehicle does not generate any greenhouse gas (GHG) emissions during vehicle operation unlike diesel-powered and gasoline vehicles.
MARKET SCOPE
The "Global Hydrogen fuel cell vehicle Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrogen fuel cell vehicle with detailed market segmentation by electrolyte, power, vehicle, component and geography. The report provides key statistics on the market status of the leading luxury coach players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on electrolyte, the global hydrogen fuel cell vehicle is segmented PEMFC, and PAFC.
- On the basis of power, the market is segmented into less than 100 KW, 100-200 KW, and more than 200 KW.
- Based on vehicle, the market is bifurcated into passenger car, bus, light commercial vehicle (LCV), and truck.
- Based on component, the market is bifurcated into fuel processor, fuel stack, and power conditioner.
MARKET DYNAMICS
Drivers:
- Increase in demand for fuel-efficient, high-performance, and low-emission vehicles
- Government initiatives for development of hydrogen fuel cell infrastructure
- Increase in demand for fuel-efficient, high-performance, and low-emission vehicles
Restraints
- High initial investment in infrastructure
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hydrogen fuel cell vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrogen fuel cell vehicle in these regions.
IMPACT OF COVID-19 ON HYDROGEN FUEL CELL VEHICLE
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the hydrogen fuel cell vehicle as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydrogen fuel cell vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrogen fuel cell vehicle in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrogen fuel cell vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- TOSHIBA
- BALLARD POWER SYSTEMS
- HYDROGENICS
- ITM POWER
- DELPHI
- PANASONIC
- TOYOTA
- HONDA
- HYUNDAI
- NISSAN
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.