Fuel Cell Powertrain Market

Fuel Cell Powertrain Market by Components (Fuel Cell System, Drive System, Battery System, Hydrogen Storage System, & Others), Vehicle Type (PCs, LCV, Trucks, Buses), Power Output, Drive Type, H2 Fuel Station and Region - Global Forecast to 2025

Report Code: AT 7734 Sep, 2020, by marketsandmarkets.com

[280 Pages Report] The global fuel cell powertrain market size is projected to grow from USD  268 million in 2020 to USD 3,797 million by 2025, at a CAGR of 70.0%. Increasing government initiatives for the development of hydrogen infrastructure and rapid technological changes in the automotive industry for fuel efficient systems are likely to boost the fuel cell powertrain market.

The COVID-19 pandemic has led to the suspension of vehicle production and supply disruptions, which have brought the automotive industry to a halt. Lower vehicle sales will be a major concern for automotive OEMs for the next few quarters. According to experts, there is a slim chance of vehicle sale recovery in 2020. The fuel cell powertrain market, however, is expected to witness a significant boost in the upcoming years owing to gradual resumption of manufacturing and rising automation in the coming years. Before that, lower vehicle sales and abrupt stoppage in the demand will result in the sluggish growth of the fuel cell powertrain market.

Fuel Cell Pwertrain Market

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 impact on fuel cell powertrain market:

The fuel cell powertrain market is highly influenced by the sale of FCEVs and infrastructure for hydrogen stations. Due to the COVID-19 pandemic, major economies are facing a dire situation. Lockdowns have adversely impacted business operations and surged unemployment rates. Sales figures of the overall vehicle segment are expected to remain low even after the lockdowns are lifted. The unprecedented impact of COVID-19 and subsequent weaker demand for vehicles will be a major concern for fuel cell component manufacturers. OEMs are expected to resume production with lower capacity utilization and will adjust production according to demand. Lower vehicle production would lead to lesser demand for fuel cell powertrains. Hence, the growth of fuel cell powertrains would be adversely impacted, although the sales will rise subsequently. Major component providers such as Bosch, Denso, Continental, and Panasonic have restricted investments in new and innovative systems. Hence, the growth of fuel cell powertrains is expected to be low in 2020 and 2021

Major fuel cell powertrain manufacturers such as Bosch, Continental, Panasonic, Denso, and Delphi have announced either suspensions or adjustments of production due to the reduced demand, supply chain bottlenecks, and to ensure the safety of their employees in China, Europe, and North America during the COVID-19 pandemic. For instance, Continental halted its operations in more than 40% of its 249 production locations across the world as of April 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from OEMs and Tier I manufacturers. Thus, the market for fuel cell powertrain is projected to undergo a phase of decline in terms of sales in 2020.

Market Dynamics:

Driver: High energy density and quick refuelling of fuel cell powertrain

FCEVs offer better fuel economy than ICE vehicles. According to the US Department of Energy, the fuel economy of an FCEV is around 63 miles per gallon gasoline equivalent (MPGge), while that of an ICE vehicle is 29 MPGge on highways. Hybridization can improve the fuel economy of an FCEV by up to 3.2%. On urban roads, the fuel economy of an FCEV is around 55 MPGge as compared to 20 MPGge of ICE vehicles. Also, the energy density of diesel is 45.5 megajoules per kilogram (MJ/kg), which is lower than gasoline (45.8 MJ/kg). Hydrogen has an energy density of approximately 120 MJ/kg, which is approximately three times more than diesel or gasoline.

There is a significant difference in the driving range of FCEVs and BEVs on either a full tank or full charge. FCEVs can travel almost 300 miles without refueling, while the average range of a BEV is around 110 miles with a fully charged battery. The Honda Clarity has the highest EPA driving rating for a zero-emission vehicle in the US. It has a driving range of up to 366 miles. Better fuel efficiency and increased driving range will boost the demand for FCEVs, which will, in turn, drive the fuel cell powertrain market.

Restraint: High flammability and challenges in detection of hydrogen leakage

Fuel cells use hydrogen and oxygen to produce electricity through a chemical reaction. Hydrogen is a highly flammable gas, while oxygen helps other substances burn at lower temperatures. If not handled with care, the fuel can catch fire; hydrogen flames are invisible and can explode. In FCEVs, fuel cells are installed inside the vehicle, and hydrogen gas is stored under pressure. If even a spark of electricity comes in contact with the hydrogen, it could catch fire. In fuel cells, though electricity is produced without combustion, which decreases the chances of a vehicle catching fire, there are several electronic and electrical components in the vehicle that could generate heat or electric sparks. The risk of fire is also high at hydrogen fuel stations.

Opportunity: Low-weight alternative for heavy-duty trucks

FCEVs offer a high driving range, fast refueling, noiseless operation, and zero emission of greenhouse gases and air pollutants. Hence, their use is ideal for transportation and automotive applications. The key components of fuel cell powertrain are designed for compactness as they combine all e-drive components such as e-motors, transmissions, and inverters to offer maximum space for the battery; offer higher efficiency and power density; control electrically driven oil pump integrated into power electronics; and provide an advanced cooling system to meet the different temperature requirements of the components. Hence, these are being widely preferred for heavy commercial vehicles to reduce system costs by integrating different components into one unit/system.

Challenge: Increasing demand for BEVs and HEVs

The increasing demand for battery and hybrid electric vehicles is likely to be one of the major challenges for the growth of the fuel cell vehicles market, and by extension, the fuel cell powertrain market. Hatchbacks, sedans, and SUVs are all available in BEV and HEV variants and at lower costs than FCEVs. Customers can select a model as per their requirements and convenience from a number of BEV and HEV options. On the other hand, the number of FCEV models available is limited, with the unavailability of hydrogen fueling stations another challenge. Moreover, many prominent automotive manufacturers, such as BYD, Tesla, and Volkswagen, are focusing more on the development of BEVs. Despite the US being an attractive fuel cell vehicles market, according to the California Fuel Cell Partnership, fuel cell vehicle sales stood at merely 2,089 units in 2019 compared to 2,368 units in 2018. According to insideev, BEV and PHEV sales in the US stood at 243,356 units and 83,173 units, respectively, in 2019. EV sales are projected to outperform the FCEV adoption rate during the forecast period, thus challenging the growth of FCEVs.

Fuel Cell Pwertrain Market by Region

To know about the assumptions considered for the study, download the pdf brochure

The LCV, by vehicle type segment is expected to be the fastest during the forecast period

The LCV segment is expected to witness significant growth in the fuel cell powertrain market. LCVs are typically used for the carriage of goods; however, minibuses with a mass ranging from 3.5 to 7 tons, that are used for passenger transportation, have also been considered under this segment. Currently, fuel cell powertrain models for LCVs are in the development stage. Renault is among the latest to introduce Hydrogen into the LCV range. the company has installed hydrogen fuel cell powertrain onto its KANGOO and MASTER models, which are and will available from 2019 and 2020, respectively. Such developments are expected to drive the growth of the LCV segment in the fuel cell powertrain market during the forecast period.

Fuel cell system will have a major share in the fuel cell powertrain market during the forecast period

A fuel cell system is the heart of a fuel cell powertrain system and constitutes parts such as the fuel cell stack, humidifier, air compressor, and fuel processor. The system converts oxygen and hydrogen gas to electricity, which is used to power the electric motor. A fuel cell stack comprises a multitude of single cells that are stacked in a way that the cathode and anode of the adjacent cell are electrically connected. A fuel cell stack produces direct current. The main components of a fuel cell stack are MEAs (membrane electrode assemblies), bipolar plates, gaskets, end plates with fluid connections, and bus plates with electrical connections. All these components forms the core part in FEVs which is expected to drive the demand of fuel cell system.

“The Asia Oceania fuel cell powertrain market is projected to hold the largest share by 2025.”

Asia Oceania is estimated to be the largest market due to growing demand for passenger cars and fuel-efficient vehicles over the years. This region is home to some of the key players in the fuel cell powertrain market, such as Denso Corporation, Shanghai Fuel Cell Vehicle Power System Co., Ltd, Doosan Corporation etc. Even though this region is home to fewer companies in the fuel cell powertrain market compared to other regions such as North America and Europe, the highest number of fuel cell vehicles have been sold here. Among the top sold models are the Hyundai NEXO and the Toyota Mirai, which witnessed sales of 4,818 and 2,407 units respectively in 2019. Around 87% sales of the Hyundai NEXO in 2019 were accounted for by South Korea, while the majority of the Toyota Mirai were sold in Japan.

Key Market Players

The global fuel cell powertrain market is dominated by major players such as Ballard Power Systems (Canada), Cummins Inc. (US), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and FEV (Germany). These companies offer a wide variety of automotive motors fulfilling all major functions in a vehicle. The key strategies adopted by these companies to sustain their market position are new product developments, expansions, mergers &acquisitions, and partnerships & collaboration.

Scope of the Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD Million) and Volume (Units)

Segments covered

Component, Drive Type, Vehicle Type, Power Output, H2 Fuel Station, and Region

Geographies covered

Asia Oceania, Europe, and North America

Companies Covered

Ballard Power Systems (Canada), Cummins Inc. (US), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and FEV (Germany)
A total of 25 major company profiles covered and provided

This research report categorizes the fuel cell powertrain market based on component, drive type, vehicle type, power output, h2 fuel station, and region.

Based on the component:

  • Fuel Cell System
  • Battery System
  • Drive System
  • Hydrogen Storage System
  • Others

Based on the Drive Type:

  • Rear-Wheel Drive (RWD)
  • Front-Wheel Drive (FWD)
  •  All-Wheel Drive (AWD)

Based on the vehicle type:

  • Passenger Cars
  • Light Commercial Vehicle (LCV)
  • Buses
  • Trucks

Based on the power output:

  • <150 kW
  • 150-250 kW
  • >250kW

Based on the H2 fuel station:

  • Asia Oceania
  • Europe
  • North Amercia

Based on the region:

  • Asia Pacific
    • China
    • Japan
    • Australia
    • South Korea
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Belgium
    • Denmark
    • France
    • Germany
    • Italy
    • Netherlands
    • Norway
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom

Recent Developments

  • In April 2020, Ballard Power Systems announced a follow-on order from Solaris for 20 fuel cell to power its buses. The 70Kw heavy-duty fuel cell from Ballard will be used to power the Solaris Urbino 12 Hydrogen buses, deployment of which is being planned in South Holland, Germany.
  • In May 2019, FEV launched a mobility center in Pune, India, that will focus on the introduction of advanced technologies in the Indian market. This center will include all existing facilities of the company as well as powertrain, vehicle roller with PEMS, HiL, and friction test benches. Additional battery and EDU test benches are planned in a second expansion step in 2021s.
  • In September 2019, Cummins and Hyundai Motor Company collaborated to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains. These new powertrains would be developed by combining Hyundai’s fuel cell systems with Cummins’ electric powertrain, battery, and control technologies.
  • In April 2019, Nikola and Bosch will together develop fuel cell powertrain for the Nikola Two Alpha. This partnership will benefit both companies to expand and sustain their hydrogen-electric truck business in Europe.
  • In September 2019, Cummins Inc. announced the successful acquisition of fuel cell and hydrogen production technologies provider, Hydrogenics Corporation. Cummins maintains 81% ownership in the company.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 OBJECTIVES
    1.2 PRODUCT DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
                 TABLE 1 INCLUSIONS & EXCLUSIONS: FUEL CELL POWERTRAIN MARKET
    1.3 MARKET SCOPE
        FIGURE 1 FUEL CELL POWERTRAIN MARKET: MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 LIMITATIONS
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
        FIGURE 2 FUEL CELL POWERTRAIN MARKET: RESEARCH DESIGN
        FIGURE 3 RESEARCH DESIGN MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES FOR BASE NUMBERS
           2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
    2.3 PRIMARY DATA
           2.3.1 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.2 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.3 PRIMARY PARTICIPANTS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 DATA TRIANGULATION APPROACH
           2.4.2 BOTTOM-UP APPROACH
                 FIGURE 4 BOTTOM-UP APPROACH: AUTOMOTIVE FUEL CELL MARKET
                 FIGURE 5 FUEL CELL POWERTRAIN MARKET: RESEARCH DESIGN & METHODOLOGY
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.6 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 42)
  FIGURE 7 FUEL CELL POWERTRAIN: MARKET OUTLOOK
  FIGURE 8 FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
  FIGURE 9 FUEL CELL POWERTRAIN MARKET: MARKET DYNAMICS
  FIGURE 10 COVID-19 IMPACT ON FUEL CELL POWERTRAIN MARKET
  TABLE 2 POST COVID-19 OPPORTUNITIES AND CHALLENGES FOR FUEL CELL POWERTRAIN MARKET

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN FUEL CELL POWERTRAIN MARKET
        FIGURE 11 TECHNOLOGICAL ADVANCEMENTS IN AUTOMOTIVE INDUSTRY EXPECTED TO BOOST FUEL CELL POWERTRAIN MARKET
    4.2 FUEL CELL POWERTRAIN MARKET IN ASIA PACIFIC, BY VEHICLE AND BY COUNTRY
        FIGURE 12 PASSENGER CARS AND SOUTH KOREA PROJECTED TO DOMINATE FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE AND COUNTRY
    4.3 FUEL CELL POWERTRAIN MARKET, BY COUNTRY
        FIGURE 13 AUSTRALIA EXPECTED TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD OF 2020-2025 (USD MILLION)
    4.4 FUEL CELL POWERTRAIN MARKET, BY COMPONENT
        FIGURE 14 FUEL CELL SYSTEM PROJECTED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025 (USD MILLION)
    4.5 FUEL CELL POWERTRAIN MARKET, BY POWER OUTPUT
        FIGURE 15 <150 KW POWER OUTPUT SEGMENT ESTIMATED TO DOMINATE FUEL CELL POWERTRAIN MARKET (UNITS)
    4.6 FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE
        FIGURE 16 PASSENGER CARS PROJECTED TO DOMINATE FUEL CELL POWERTRAIN MARKET (USD MILLION)
    4.7 FUEL CELL POWERTRAIN MARKET, BY H2 FUEL STATION
        FIGURE 17 ASIA OCEANIA PROJECTED TO DOMINATE FUEL CELL POWERTRAIN MARKET FOR H2 FUEL STATIONS DURING FORECAST PERIOD (UNITS)

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 18 FUEL CELL POWERTRAIN MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 High energy density and quick refueling of fuel cell powertrain
                    5.2.1.2 Operational data
                            TABLE 3 US: FUEL CELL ELECTRIC VEHICLE MODEL COMPARISON
                            FIGURE 19 BEV VS. FCEV: NATURAL GAS REQUIREMENT FOR 300 MILE TRAVEL
                            TABLE 4 FCEV VS. BEV: 200- AND 300-MILE RANGE - ATTRIBUTE COMPARISON
                            TABLE 5 BEV CHARGING VS. FCEV HYDROGEN FUELING OF ZERO-EMISSION LIGHT-DUTY VEHICLES
                    5.2.1.3 Decarbonized source of energy
           5.2.2 RESTRAINTS
                    5.2.2.1 High flammability and challenges in detection of hydrogen leakage
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Low-weight alternative for heavy-duty trucks
                    5.2.3.2 Government initiatives for hydrogen infrastructure
                            TABLE 6 POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
                            TABLE 7 US DEPARTMENT OF ENERGY FUNDING IN 2018
           5.2.4 CHALLENGES
                    5.2.4.1 Increasing demand for BEVs and HEVs
                            FIGURE 20 COST CONTRIBUTION OF FUEL CELL BY COMPONENT: 1,000 UNITS/YEAR VS. 500,000 UNITS/YEAR
                    5.2.4.2 Limited infrastructure for fuel cell vehicles
           5.2.5 IMPACT OF MARKET DYNAMICS
                 TABLE 8 FUEL CELL POWERTRAIN MARKET: IMPACT OF MARKET DYNAMICS
    5.3 REVENUE SHIFT DRIVING MARKET GROWTH
    5.4 REVENUE MISSED: OPPORTUNITIES FOR FUEL CELL POWERTRAIN MANUFACTURERS

6 INDUSTRY TRENDS (Page No. - 62)
    6.1 TECHNOLOGY OVERVIEW
           6.1.1 INTRODUCTION
                 FIGURE 21 TIMELINE OF FUEL CELL SYSTEMS
                 FIGURE 22 KEY COMPONENTS OF FUEL CELL ELECTRIC VEHICLES
           6.1.2 COMPONENTS OF A FUEL CELL POWERTRAIN
                    6.1.2.1 Integrated e-axle
                            FIGURE 23 AVL INTEGRATED E-AXLE
                    6.1.2.2 Center drive
                    6.1.2.3 Wheel selective drive
                            FIGURE 24 FUEL CELL POWERTRAIN APPLICATION
           6.1.3 KEY TRENDS IN FUEL CELL TECHNOLOGY
                    6.1.3.1 Use of fuel cell for heavy load transportation
                            FIGURE 25 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
                    6.1.3.2 Plug-in hybrid fuel cell vehicles
           6.1.4 VALUE CHAIN ANALYSIS
                 FIGURE 26 VALUE CHAIN ANALYSIS OF FUEL CELL POWERTRAIN MARKET
                    6.1.4.1 Planning and revising funds
                    6.1.4.2 Fuel cell powertrain component suppliers
                    6.1.4.3 Fuel cell powertrain development
                    6.1.4.4 OEM
           6.1.5 FUEL CELL SUBCLUSTER AND H2 SUBCLUSTER
    6.2 PORTER’S FIVE FORCES
    6.3 ECOSYSTEM ANALYSIS
        FIGURE 27 FUEL CELL POWERTRAIN MARKET: ECOSYSTEM ANALYSIS
    6.4 AVERAGE SELLING PRICING ANALYSIS
        FIGURE 28 FUEL CELL POWERTRAIN MARKET: AVERAGE SELLING PRICE ANALYSIS OF COMPONENTS
    6.5 KEY MARKETS FOR EXPORT/IMPORT
           6.5.1 EUROPE
                 TABLE 9 TOTAL IMPORT/EXPORT OF VEHICLES IN EUROPE, UNITS
           6.5.2 JAPAN
                 TABLE 10 JAPAN: TOTAL IMPORT/EXPORT OF VEHICLES (UNITS)
           6.5.3 CHINA
                 TABLE 11 CHINA: TOTAL IMPORT/EXPORT OF VEHICLES (UNITS)
           6.5.4 US
                 TABLE 12 US: TOTAL IMPORT/EXPORT OF VEHICLES (UNITS)
    6.6 PATENT ANALYSIS
           6.6.1 PATENT ANALYSIS
           6.6.2 METHODOLOGY
                 FIGURE 29 PATENT APPLICATION TRENDS – 2015-2019
           6.6.3 INSIGHTS
                 FIGURE 30 COUNTRY-WISE PATENT ANALYSIS
                 FIGURE 31 TOP PATENT APPLICANTS, 2010-2019
    6.7 CASE STUDY ANALYSIS
           6.7.1 BMW PLANS TO PILOT HYDROGEN FUEL CELL ELECTRIC POWERTRAIN IN BMW X5 IN 2022
           6.7.2 HYUNDAI MOTOR AND H2 ENERGY PARTNER TO OFFER 1,000 HEAVY-DUTY FUEL CELL ELECTRIC TRUCKS
                 TABLE 13 TRUCK SPECIFICATIONS
           6.7.3 NIKOLA AND BOSCH SHOWCASE HYDROGEN-ELECTRIC POWERED TRUCK
    6.8 REGULATORY OVERVIEW
           6.8.1 COUNTRY WISE HYDROGEN FUEL CELL POWERTRAIN STANDARDS

7 IMPACT OF COVID-19 (Page No. - 77)
    7.1 INTRODUCTION TO COVID-19
    7.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 32 COVID-19: THE GLOBAL PROPAGATION
    7.3 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 33 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           7.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                 FIGURE 34 CRITERIA IMPACTING THE GLOBAL ECONOMY
                 FIGURE 35 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    7.4 IMPACT ON GLOBAL AUTOMOTIVE INDUSTRY
           7.4.1 IMPACT ON GLOBAL FUEL CELL POWERTRAIN MARKET
    7.5 FUEL CELL POWERTRAIN MARKET SCENARIOS (2020–2025)
        FIGURE 36 FUEL CELL POWERTRAIN MARKET– FUTURE TRENDS & SCENARIO, 2020–2025 (USD MILLION)
           7.5.1 MOST LIKELY SCENARIO
                 TABLE 14 FUEL CELL POWERTRAIN MARKET: MOST LIKELY SCENARIO, BY REGION, 2020–2025 (USD MILLION)
           7.5.2 OPTIMISTIC SCENARIO
                 TABLE 15 FUEL CELL POWERTRAIN MARKET: OPTIMISTIC SCENARIO, BY REGION, 2020–2025 (USD MILLION)
           7.5.3 PESSIMISTIC SCENARIO
                 TABLE 16 FUEL CELL POWERTRAIN MARKET: PESSIMISTIC SCENARIO, BY REGION, 2020–2025 (USD MILLION)

8 FUEL CELL POWERTRAIN MARKET, BY COMPONENT (Page No. - 85)
    8.1 INTRODUCTION
        FIGURE 37 FUEL CELL POWERTRAIN MARKET, BY COMPONENT, 2020 VS. 2025
        TABLE 17 FUEL CELL POWERTRAIN MARKET, BY COMPONENT, 2018–2025 (USD MILLION)
    8.2 OPERATIONAL DATA
           8.2.1 ASSUMPTIONS
           8.2.2 RESEARCH METHODOLOGY
    8.3 FUEL CELL SYSTEM
           8.3.1 NEED FOR SAFETY APPLICATIONS WILL DRIVE FUEL CELL SYSTEM MARKET
                 TABLE 18 FUEL CELL SYSTEM: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.4 BATTERY SYSTEM
           8.4.1 NEED FOR INCREASED LIFE CYCLE AND SMOOTH OPERATION OF FUEL CELL BOOSTS BATTERY SYSTEM SEGMENT
                 TABLE 19 BATTERY SYSTEM: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.5 DRIVE SYSTEM
           8.5.1 DC/DC CONVERTER
           8.5.2 MOTOR
           8.5.3 POWER CONTROL UNIT
           8.5.4 COOLING SYSTEM
           8.5.5 INVERTER
           8.5.6 ENHANCED PERFORMANCE RENDERED BY DRIVE SYSTEMS BOOSTS SEGMENT GROWTH
                 TABLE 20 DRIVE SYSTEM: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.6 HYDROGEN STORAGE SYSTEM
           8.6.1 ADVANCEMENTS FOR SAFER MATERIAL WILL BOOST HYDROGEN STORAGE SYSTEMS SEGMENT
                 TABLE 21 HYDROGEN STORAGE SYSTEM: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.7 OTHERS
           8.7.1 INITIATIVES BY KEY PLAYERS TO IMPROVE PERFORMANCE OF FUEL CELL POWERTRAIN WILL DRIVE MARKET FOR OTHER COMPONENTS
                 TABLE 22 OTHER COMPONENTS: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.8 KEY INDUSTRY INSIGHTS

9 FUEL CELL POWERTRAIN MARKET, BY DRIVE TYPE (Page No. - 93)
    9.1 INTRODUCTION
    9.2 OPERATIONAL DATA
        TABLE 23 TOP OEM FUEL CELL MODELS AND DRIVE TYPES
           9.2.1 ASSUMPTIONS
    9.3 FRONT-WHEEL DRIVE (FWD) POWERTRAIN
    9.4 REAR-WHEEL DRIVE (RWD) POWERTRAIN
    9.5 ALL-WHEEL DRIVE (AWD) POWERTRAIN
    9.6 KEY INDUSTRY INSIGHTS

10 FUEL CELL POWERTRAIN MARKET, BY POWER OUTPUT (Page No. - 95)
     10.1 INTRODUCTION
          FIGURE 38 FUEL CELL POWERTRAIN MARKET, BY POWER OUTPUT, 2020 VS. 2025
          TABLE 24 FUEL CELL POWERTRAIN MARKET, BY POWER OUTPUT, 2018–2025 (UNITS)
     10.2 OPERATIONAL DATA
                    TABLE 25 POWER OUTPUT OF FUEL CELL VEHICLE MODELS
             10.2.1 ASSUMPTIONS
             10.2.2 RESEARCH METHODOLOGY
     10.3 <150 KW
             10.3.1 WIDE-SCALE USE OF <150 KW POWER OUTPUT IN VEHICLES WILL FUEL SEGMENT GROWTH
                    TABLE 26 <150 KW: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (UNITS)
     10.4 150-250 KW
             10.4.1 INCREASING R&D ACTIVITIES WILL DRIVE 150-250 KW SEGMENT
                    TABLE 27 150-250 KW: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (UNITS)
     10.5 >250 KW
             10.5.1 HIGH POWER DEMAND IN COMMERCIAL VEHICLES WILL BOOST >250 KW SEGMENT
                    TABLE 28 >250 KW: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (UNITS)
     10.6 KEY INDUSTRY INSIGHTS

11 FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE (Page No. - 101)
     11.1 INTRODUCTION
          FIGURE 39 FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2020 VS. 2025
          TABLE 29 FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
     11.2 OPERATIONAL DATA
          TABLE 30 TOP OEM FUEL CELL MODEL AND VEHICLE TYPES
             11.2.1 ASSUMPTIONS
             11.2.2 RESEARCH METHODOLOGY
     11.3 PASSENGER CARS
             11.3.1 INCREASING ENVIRONMENTAL CONCERNS WILL DRIVE PASSENGER CARS SEGMENT
                    TABLE 31 PASSENGER CARS: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.4 LCV
             11.4.1 MAXIMUM USE OF LCVS FOR GOODS TRANSFER EXPECTED TO BOOST DEMAND
                    TABLE 32 LCV: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.5 TRUCKS
          TABLE 33 OVERVIEW OF WEIGHT CLASSES
          TABLE 34 MASS DIFFERENCE BETWEEN BASELINE VEHICLE AND FUEL CELL TRUCK VERSION
          TABLE 35 DEMONSTRATION PROJECTS/DEPLOYMENT OF FUEL CELL TRUCKS
          TABLE 36 MAJOR FUEL CELL TRUCK PROTOTYPE
          TABLE 37 POWERTRAIN BENCHMARKING FOR TRUCKS >12 TONS
             11.5.1 HEAVY LOAD TRANSPORT OF GOODS AND MATERIALS WILL BOOST DEMAND FOR FUEL CELL POWERTRAINS IN TRUCKS
                    TABLE 38 TRUCKS: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.6 BUSES
          TABLE 39 EXAMPLES OF BUS DEPLOYMENT PROJECTS
          TABLE 40 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE FROM 2020
             11.6.1 DEVELOPMENT OF FUEL CELL POWERTRAIN FOR PUBLIC TRANSPORT OPERATORS WILL DRIVE BUSES SEGMENT
                    TABLE 41 BUSES: FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.7 KEY INDUSTRY INSIGHTS

12 FUEL CELL POWERTRAIN MARKET, BY H2 FUEL STATION (Page No. - 112)
     12.1 INTRODUCTION
     12.2 RESEARCH METHODOLOGY
          TABLE 42 AUTOMOTIVE HYDROGEN FUEL STATIONS AS OF AUGUST 2019
          FIGURE 40 FUTURE PLANS FOR AUTOMOTIVE HYDROGEN FUEL STATIONS, 2019–2040 (UNITS)
          FIGURE 41 FUEL CELL POWERTRAIN MARKET, BY H2 FUEL STATION, 2020 VS. 2025 (UNITS)
             12.2.1 RAPID DEVELOPMENTS IN FCEVS AND EMISSION NORMS WILL DRIVE MARKET IN ASIA OCEANIA
                    TABLE 43 H2 STATIONS IN FUEL CELL POWERTRAIN MARKET SIZE, BY REGION, 2018–2025 (UNITS)
     12.3 ASIA OCEANIA
             12.3.1 JAPAN AND CHINA WILL PLAY KEY ROLE IN ASIA OCEANIA
                    TABLE 44 H2 STATIONS IN ASIA OCEANIA: FUEL CELL POWERTRAIN MARKET, BY COUNTRY, 2018–2025 (UNITS)
     12.4 EUROPE
             12.4.1 GOVERNMENT POLICIES AND FUNDING BOOST H2 STATIONS IN EUROPE
                    TABLE 45 H2 STATIONS IN EUROPE: FUEL CELL POWERTRAIN MARKET SIZE, BY COUNTRY, 2018–2025 (UNITS)
     12.5 NORTH AMERICA
             12.5.1 FUEL CELL DEVELOPMENTS WILL BE FOCUSED IN CALIFORNIA
                    TABLE 46 H2 STATIONS IN NORTH AMERICA: FUEL CELL POWERTRAIN MARKET, BY COUNTRY, 2018–2025 (UNITS)
     12.6 KEY INDUSTRY INSIGHTS

13 FUEL CELL POWERTRAIN MARKET, BY REGION (Page No. - 119)
     13.1 INTRODUCTION
          FIGURE 42 FUEL CELL POWERTRAIN MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
          TABLE 47 FUEL CELL POWERTRAIN MARKET, BY REGION, 2018–2025 (USD MILLION)
     13.2 ASIA OCEANIA
          FIGURE 43 ASIA OCEANIA: FUEL CELL POWERTRAIN MARKET, 2020 VS. 2025 (USD MILLION)
          TABLE 48 ASIA OCEANIA: FUEL CELL POWERTRAIN MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
             13.2.1 IMPACT OF COVID-19 ON ASIA OCEANIA FUEL CELL POWERTRAIN MARKET
             13.2.2 CHINA
                    TABLE 49 CHINA: TARGETS, VISIONS, AND PROJECTIONS
                    TABLE 50 CHINA: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 51 CHINA: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.2.2.1 Increased R&D in China will boost growth of market
                                 TABLE 52 CHINA: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.2.3 JAPAN
                    TABLE 53 JAPAN: TARGETS, VISIONS, AND PROJECTIONS
                    TABLE 54 JAPAN: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 55 JAPAN: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.2.3.1 Government initiatives for fuel cell vehicle development will be key for market in Japan
                                 TABLE 56 JAPAN: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.2.4 SOUTH KOREA
                    TABLE 57 SOUTH KOREA: TARGETS, VISIONS, AND PROJECTIONS
                    FIGURE 44 SOUTH KOREA: PLANNED GOVERNMENT FUNDING FOR AUTOMOTIVE FUEL CELL, 2018-2022 (BILLION WON)
                    FIGURE 45 SOUTH KOREA: TARGET NUMBER OF FUEL CELL VEHICLES (2015-2045)
                    TABLE 58 SOUTH KOREA: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.2.4.1 Passenger cars segment estimated to be largest in South Korea
                                 TABLE 59 SOUTH KOREA: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.2.5 AUSTRALIA
                        13.2.5.1 Government investment in research and infrastructure will drive market in Australia
                                 TABLE 60 AUSTRALIA: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
     13.3 EUROPE
          TABLE 61 EUROPE: RELEVANT EXPERIENCE/PRODUCTS OF OEMS
          TABLE 62 EUROPE: TARGETS, VISIONS, AND PROJECTIONS
          FIGURE 46 EUROPE: FUEL CELL POWERTRAIN MARKET, 2020 VS. 2025 (USD MILLION)
          TABLE 63 EUROPEAN UNION (EU): FUEL CELL POWERTRAIN MARKET - PROJECTS
          TABLE 64 EUROPE: FUEL CELL POWERTRAIN MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
             13.3.1 IMPACT OF COVID-19 ON EUROPEAN FUEL CELL POWERTRAIN MARKET
             13.3.2 FRANCE
                    TABLE 65 FRANCE: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 66 FRANCE: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.2.1 French market will be driven by government initiatives and funding
                                 TABLE 67 FRANCE: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.3 GERMANY
                    TABLE 68 GERMANY: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 69 GERMANY: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.3.1 Fast-paced development of hydrogen infrastructure to drive German market
                                 TABLE 70 GERMANY: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.4 ITALY
                    TABLE 71 ITALY: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 72 ITALY: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.4.1 Focus on electrification of vehicles to boost market in Italy
                                 TABLE 73 ITALY: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.5 NETHERLANDS
                    TABLE 74 NETHERLANDS: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 75 NETHERLANDS: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.5.1 Government investments boost the Dutch fuel cell powertrain market
                                 TABLE 76 NETHERLANDS: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.6 NORWAY
                    TABLE 77 NORWAY: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 78 NORWAY: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.6.1 Buses segm+D315ent projected to grow fastest in Norway during forecast period
                                 TABLE 79 NORWAY: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.7 SWEDEN
                    TABLE 80 SWEDEN: FUEL CELL POWERTRAIN MARKET - PROJECTS
                        13.3.7.1 EU emission reduction goals will drive market in Sweden
                                 TABLE 81 SWEDEN: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.8 BELGIUM
                    TABLE 82 BELGIUM: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 83 BELGIUM: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.8.1 Efforts for REVIVE project will boost market in Belgium
                                 TABLE 84 BELGIUM: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.9 DENMARK
                    TABLE 85 DENMARK: FUEL CELL POWERTRAIN MARKET - PROJECTS
                        13.3.9.1 Denmark to be a key market for adoption of fuel cell buses
                                 TABLE 86 DENMARK: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.10 SPAIN
                     TABLE 87 SPAIN: FUEL CELL POWERTRAIN MARKET - PROJECTS
                     TABLE 88 SPAIN: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.3.10.1 Government plans and investments propel Spanish market
                                  TABLE 89 SPAIN: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.11 SWITZERLAND
                     TABLE 90 SWITZERLAND: FUEL CELL POWERTRAIN MARKET - PROJECTS
                        13.3.11.1 Trucks segment projected to have significant market share in Switzerland
                                  TABLE 91 SWITZERLAND: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.3.12 UK
                     TABLE 92 UK: FUEL CELL POWERTRAIN MARKET - PROJECTS
                     TABLE 93 UK: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
             13.3.13 USE OF FUEL CELL DOUBLE DECK BUSES IN THE UK LIKELY TO BOOST MARKET GROWTH
                     TABLE 94 UK: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
     13.4 NORTH AMERICA
          FIGURE 47 NORTH AMERICA: FUEL CELL POWERTRAIN MARKET
          TABLE 95 UNITED STATES: TARGETS, VISIONS, AND PROJECTIONS
          TABLE 96 NORTH AMERICA: FUEL CELL POWERTRAIN MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
             13.4.1 IMPACT OF COVID-19 ON NORTH AMERICAN FUEL CELL POWERTRAIN MARKET
             13.4.2 CANADA
                    TABLE 97 CANADA: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 98 CANADA: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
                        13.4.2.1 Presence of leading fuel cell suppliers boosts market in Canada
                                 TABLE 99 CANADA: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.4.3 MEXICO
             13.4.4 LIMITED HYDROGEN INFRASTRUCTURE RESTRAINS MARKET GROWTH IN MEXICO
                    TABLE 100 MEXICO: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
             13.4.5 US
                    TABLE 101 US: FUEL CELL POWERTRAIN MARKET - PROJECTS
                    TABLE 102 US: FUEL CELL POWERTRAIN MARKET - POLICIES AND REGULATIONS
             13.4.6 TRUCKS SEGMENT PROJECTED TO GROW FASTEST IN THE US
                    TABLE 103 US: FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)

14 COMPETITIVE LANDSCAPE (Page No. - 187)
     14.1 OVERVIEW
          FIGURE 48 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE FUEL CELL POWERTRAIN MARKET
     14.2 MARKET RANKING ANALYSIS
     14.3 MARKET EVALUATION FRAMEWORK
          FIGURE 49 MARKET EVALUATION FRAMEWORK
     14.4 MARKET SHARE ANALYSIS, 2019
          FIGURE 50 FUEL CELL POWERTRAIN MARKET SHARE ANALYSIS, 2019
     14.5 MARKET EVALUATION FRAMEWORK - REVENUE ANALYSIS OF TOP 4 PLAYERS
          FIGURE 51 TOP 4 PLAYERS DOMINATED MARKET IN LAST 3 YEARS
     14.6 COMPETITIVE LEADERSHIP MAPPING
             14.6.1 STAR
             14.6.2 EMERGING LEADERS
             14.6.3 PERVASIVE
             14.6.4 PARTICIPANTS
                    FIGURE 52 FUEL CELL POWERTRAIN MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     14.7 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 53 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN FUEL CELL POWERTRAIN MARKET
     14.8 BUSINESS STRATEGY EXCELLENCE
          FIGURE 54 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN FUEL CELL POWERTRAIN MARKET
     14.9 WINNERS VS. TAILENDERS
     14.1 COMPETITIVE SCENARIO
             14.10.1 NEW PRODUCT DEVELOPMENT
                     TABLE 104 NEW PRODUCT DEVELOPMENT, 2017–2020
             14.10.2 ACQUISITIONS/PARTNERSHIPS, 2017–2020
                     TABLE 105 ACQUISITIONS/PARTNERSHIPS, 2017–2020
             14.10.3 JOINT VENTURES/COLLABORATIONS
                     TABLE 106 JOINT VENTURES/COLLABORATIONS, 2017–2020
             14.10.4 SUPPLY CONTRACTS
                     TABLE 107 SUPPLY CONTRACTS, 2017–2020
             14.10.5 AGREEMENTS
                     TABLE 108 AGREEMENTS, 2017–2020
             14.10.6 EXPANSIONS
                     TABLE 109 EXPANSIONS, 2017–2020

15 COMPANY PROFILES (Page No. - 209)
(Business Overview, products & services offered, Recent Developments, SWOT Analysis, MnM View)*
     15.1 CUMMINS INC.
          FIGURE 55 CUMMINS INC: COMPANY SNAPSHOT
          TABLE 110 CUMMINS INC: PRODUCTS & SERVICES OFFERED
          TABLE 111 CUMMINS INC: NEW PRODUCT DEVELOPMENTS
          TABLE 112 CUMMINS INC: COLLABORATIONS
          TABLE 113 CUMMINS INC: ACQUISITIONS
          TABLE 114 CUMMINS INC: COVID-19 RELATED DEVELOPMENTS
     15.2 BALLARD POWER SYSTEMS
          FIGURE 56 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT
          TABLE 115 BALLARD POWER SYSTEMS: PRODUCTS OFFERED
          TABLE 116 BALLARD POWER SYSTEMS: NEW PRODUCT DEVELOPMENT
          TABLE 117 BALLARD POWER SYSTEMS: EXPANSIONS
          TABLE 118 BALLARD POWER SYSTEMS: SUPPLY CONTRACTS
          TABLE 119 BALLARD POWER SYSTEMS: AGREEMENTS
          TABLE 120 BALLARD POWER SYSTEMS: JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS
          TABLE 121 BALLARD POWER SYSTEMS: MERGERS & ACQUISITIONS
     15.3 ROBERT BOSCH GMBH
          FIGURE 57 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
          TABLE 122 ROBERT BOSCH GMBH: MOBILITY SOLUTIONS
          TABLE 123 ROBERT BOSCH GMBH: PRODUCTS OFFERED
          TABLE 124 ROBERT BOSCH: COLLABORATIONS/PARTNERSHIP/JOINT VENTURE
          TABLE 125 ROBERT BOSCH: COVID-19 RELATED DEVELOPMENTS
     15.4 DENSO CORPORATION
          FIGURE 58 DENSO CORPORATION: COMPANY SNAPSHOT
          TABLE 126 DENSO CORPORATION: POWERTRAIN SYSTEMS REVENUE
          TABLE 127 DENSO: PRODUCTS & SERVICES OFFERED
          TABLE 128 DENSO CORPORATION: COVID-19 RELATED DEVELOPMENTS
     15.5 FEV
          TABLE 129 FEV: PRODUCTS & SERVICES OFFERED
             15.5.3 FEV: EXPANSIONS
     15.6 FUEL CELL POWERTRAIN GMBH (FCP)
          TABLE 130 FUEL CELL POWERTRAIN GMBH (FCP): PRODUCTS & SERVICES OFFERED
     15.7 ITM POWER
          FIGURE 59 ITM POWER: COMPANY SNAPSHOT
          TABLE 131 ITM POWER: PRODUCTS OFFERED
          TABLE 132 ITM POWER: EXPANSIONS
          TABLE 133 ITM POWER: SUPPLY CONTRACTS
          TABLE 134 ITM POWER: JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS
          TABLE 135 ITM POWER: AGREEMENTS
     15.8 CERES POWER
          FIGURE 60 CERES POWER: COMPANY SNAPSHOT
          TABLE 136 CERES POWER: PRODUCTS OFFERED
          TABLE 137 CERES POWER: NEW PRODUCT DEVELOPMENTS
          TABLE 138 CERES POWER: EXPANSIONS
          TABLE 139 CERES POWER: PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES
          TABLE 140 CERES POWER: AGREEMENTS
     15.9 CONTINENTAL AG
          FIGURE 61 CONTINENTAL AG: COMPANY SNAPSHOT
          TABLE 141 CONTINENTAL AG: PRODUCTS OFFERED
          TABLE 142 CONTINENTAL AG: COLLABORATIONS/PARTNERSHIPS/JOINT VENTURES
     15.10 DELPHI TECHNOLOGIES
           FIGURE 62 DELPHI TECHNOLOGIES: COMPANY SNAPSHOT
     15.11 ARCOLA ENERGY
           TABLE 144 ARCOLA ENERGY: PRODUCTS & SERVICES OFFERED
           TABLE 145 ARCOLA ENERGY: PARTNERSHIPS
           TABLE 146 ARCOLA ENERGY: EXPANSIONS
     15.12 AVID TECHNOLOGY LTD.
           TABLE 147 AVID TECHNOLOGY LTD: PRODUCTS & SERVICES OFFERED
           TABLE 148 AVID TECHNOLOGY LTD: COLLABORATIONS
           TABLE 149 AVID TECHNOLOGY LTD: AGREEMENTS
     15.13 AVL LIST GMBH (AVL)
           TABLE 150 AVL LIST GMBH: PRODUCTS & SERVICES OFFERED
           TABLE 151 AVL LIST GMBH: COVID-19 RELATED DEVELOPMENTS
     15.14 SHANGHAI FUEL CELL VEHICLE POWERTRAIN CO., LTD
           TABLE 152 SHANGHAI FUEL CELL VEHICLE POWERTRAIN CO., LTD: PRODUCTS & SERVICES OFFERED
     15.15 PLUG POWER
           FIGURE 63 PLUG POWER: COMPANY SNAPSHOT
           TABLE 153 PLUG POWER: PRODUCT OFFERED
           TABLE 154 PLUG POWER: NEW PRODUCT DEVELOPMENTS
           TABLE 155 PLUG POWER: EXPANSIONS
           TABLE 156 PLUG POWER: SUPPLY CONTRACTS
           TABLE 157 PLUG POWER: PARTNERSHIPS/ JOINT VENTURES/COLLABORATIONS
           TABLE 158 PLUG POWER: AGREEMENTS
           TABLE 159 PLUG POWER: MERGERS & ACQUISITIONS
     15.16 NUVERA FUEL CELLS
           TABLE 160 NUVERA FUEL CELLS: PRODUCTS OFFERED
           TABLE 161 NUVERA FUEL CELLS: NEW PRODUCT DEVELOPMENTS
           TABLE 162 NUVERA FUEL CELLS: AGREEMENTS
           TABLE 163 NUVERA FUEL CELLS: JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS
     15.17 NEDSTACK
           TABLE 164 NEDSTACK: PRODUCTS OFFERED
           TABLE 165 NEDSTACK: PARTNERSHIPS/JOINT VENTURES/COLLABORATIONS
           TABLE 166 NEDSTACK: AGREEMENTS
     15.18 DOOSAN CORPORATION
           FIGURE 64 DOOSAN CORPORATION: COMPANY SNAPSHOT
           TABLE 167 DOOSAN CORPORATION: PRODUCTS OFFERED
           TABLE 168 DOOSAN CORPORATION: EXPANSIONS
           TABLE 169 DOOSAN CORPORATION: COLLABORATIONS/PARTNERSHIPS/JOINT VENTURES
           TABLE 170 DOOSAN CORPORATION: SUPPLY CONTRACTS
     15.19 PROTON POWER SYSTEM
           FIGURE 65 PROTON POWER SYSTEM: COMPANY SNAPSHOT
           TABLE 171 PROTON POWER SYSTEM: PRODUCTS OFFERED
           TABLE 172 PROTON POWER SYSTEM: EXPANSIONS
           TABLE 173 PROTON POWER SYSTEM: COLLABORATIONS/PARTNERSHIP/COLLABORATIONS/ JOINT VENTURES
           TABLE 174 PROTON POWER SYSTEM: SUPPLY CONTRACTS
           TABLE 175 PROTON POWER SYSTEM: AGREEMENTS
     15.20 DANA INCORPORATED
           FIGURE 66 DANA INCORPORATED: COMPANY SNAPSHOT
           TABLE 176 DANA INCORPORATED: PRODUCTS OFFERED
           TABLE 177 DANA INCORPORATED: ACQUISITIONS
     15.21 OTHER KEY PLAYERS
             15.21.1 ASIA PACIFIC
                        15.21.1.1 Hyundai Kefico Corporation
                        15.21.1.2 Panasonic
                        15.21.1.3 Toray Industries
                        15.21.1.4 Sunrise Power Co., Ltd.
             15.21.2 EUROPE
                        15.21.2.1 Intelligent Energy
                        15.21.2.2 PowerCell
                        15.21.2.3 Symbio
                        15.21.2.4 ElringKlinger AG
                        15.21.2.5 Swiss Hydrogen Power
                        15.21.2.6 Daimler
             15.21.3 NORTH AMERICA
                        15.21.3.1 Fuel Cell System Manufacturing LLC
     15.22 KEY OEMS
             15.22.1 TOYOTA
             15.22.2 HONDA
             15.22.3 AUDI
             15.22.4 SAIC MOTOR
             15.22.5 NIKOLA MOTOR COMPANY
             15.22.6 HYUNDAI
             15.22.7 RIVERSIMPLE
             15.22.8 VAN HOOL

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 274)
     16.1 CURRENCY EXCHANGE RATES (W.R.T. USD)
     16.2 KEY INSIGHTS OF INDUSTRY EXPERTS
     16.3 DISCUSSION GUIDE
     16.4 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     16.5 AVAILABLE CUSTOMIZATIONS
     16.6 RELATED REPORTS
     16.7 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the fuel cell powertrain market. Extensive primary research was conducted after obtaining an understanding of the fuel cell powertrain market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand- [(in terms of fuel cell vehicle manufacturers) country-level government associations, and trade associations] and supply-side (fuel cell powertrain system and component providers) across major regions, namely, North America, Europe, and Asia Oceania.

Secondary Research

The secondary sources referred to for this research study include corporate filings (such as annual reports, investor presentations, and financial statements), trade, business, and professional associations, whitepapers and automotive fuel cell and fuel cell powertrain -related journals, certified publications, articles from recognized authors, directories, and databases. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research. Secondary resources considered  for fuel cell includes Alternative Fuels Data Center (AFDC), Automotive Electronics Council (AEC) , California Fuel Cell Partnership (CFCP), California Hydrogen Business Council (CHBC), Canadian Hydrogen Fuel Cell Association (CHFCA) , and other Country-level Automotive Associations.

Primary Research

Extensive primary research was conducted after obtaining an understanding of the fuel cell powertrain market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand- [(in terms of fuel cell vehicle manufacturers) country-level government associations, and trade associations] and supply-side (fuel cell powertrain system and component providers) across major regions, namely, North America, Europe, and Asia Oceania. Approximately 45% and 55% of primary interviews were conducted from the demand and supply side, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in the report.

After interacting with industry experts, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter expert opinions, led us to the findings as described in the remainder of this report.

Fuel Cell Pwertrain Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the size of the fuel cell powertrain market. Country-level sales of each vehicle type (passenger cars, LCV, trucks, and buses) were derived through secondary research and primary insights. The sales of FCEVs at the country level are multiplied with the respective ASP of the powertrain to derive the fuel cell powertrain market size, by vehicle type, at the country level. Data from country level, regional level, and global electric vehicle and fuel cell electric vehicles is used to derive the sales of fuel cell electric vehicles at the country level. The database collected by secondary research is verified with the help of extensive primary research. The summation of the country-level fuel cell powertrain market is carried out to derive the regional level market. Further, the summation of the regional level market is carried out to derive the global fuel cell powertrain market size.

Data Triangulation

All percentage shares, splits, and breakdowns were determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.

Report Objectives

  • To define, describe, and forecast the size of the fuel cell powertrain market, in terms of value (USD million and USD thousand) and volume (units)
  • To define, describe, and forecast the size of the fuel cell powertrain market based on component, drive type, power output, vehicle type, H2 fuel station, and region
  • To segment and forecast the market size, by component (fuel cell system, battery system, hydrogen storage system, drive system, and others)
  • To segment and forecast the market size, by drive type [rear-wheel drive (RWD), front-wheel drive (FWD), and all-wheel drive (AWD)]
  • To segment and qualitatively cover the following power outputs: <150 kW, 150-250 kW, and >250kW
  • To cover the fuel cell powertrain market by vehicle type (passenger cars, LCV, trucks, and buses)
  • To segment and forecast the market size, by H2 fuel station (Asia Oceania, Europe, and North America)
  • To segment and forecast the market size, by region (Asia Oceania, Europe, and North America)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the fuel cell powertrain market
  • To analyze the ranking of key players operating in the fuel cell powertrain market
  • To understand the dynamics of competitors in the fuel cell powertrain market and distinguish them into visionary leaders, innovators, emerging companies, and dynamic differentiators according to their product portfolio strength and business strategies
  • To analyze recent developments, joint ventures, mergers & acquisitions, supply contracts, new product launches, collaborations, and other activities carried out by key industry players in the fuel cell powertrain market
  • To analyze opportunities for stakeholders and the competitive landscape for market leaders
  • To analyze the impact of COVID-19 on the overall fuel cell powertrain market
  • To strategically profile key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • Fuel cell powertrain Market, By components at the regional level
  • Fuel cell powertrain Market, By vehicle type at country level
  • Fuel cell powertrain Market, By drive type at country level

Company Information

  • Profiling of Additional Market Players (Up to 3)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Fuel Cell Powertrain Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Fuel Cell Powertrain Market

Request For Special Pricing
Report Code
AT 7734
Published ON
Sep, 2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Fuel Cell Powertrain Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home