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
[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.
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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.
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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) |
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):
Which countries are considered in the European region?
The report includes the following European countries
- Belgium
- Denmark
- France
- Germany
- Italy
- Netherlands
- Norway
- Spain
- Sweden
- Switzerland
- UK
We are interested in the regional fuel cell powertrain market for components. Does this report cover the component segment?
Yes, the fuel cell powertrain market for component is covered at a global level. However, regional level markets can be provided as separate customization.
Does this report include the impact of COVID-19 on the fuel cell powertrain ecosystem?
Yes, the market includes qualitative insights on the COVID-19 impact on the fuel cell powertrain ecosystem.
Does this report contain the market size of different power output, especially for 150-250 kW?
Yes, the market size of power output (<150 kW, 150-250 kW, and >250kW) is extensively covered in volume.
Does this report contain the market size of different vehicle types, especially for passenger cars and trucks?
Yes, the market size of vehicle type (passenger cars, LCV, buses, and trucks) is extensively covered in value. .
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: MARKET
1.3 MARKET SCOPE
FIGURE 1 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 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 MARKET: MARKET DYNAMICS
FIGURE 10 COVID-19 IMPACT ON MARKET
TABLE 2 POST COVID-19 OPPORTUNITIES AND CHALLENGES FOR 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 MARKET
4.2 MARKET IN ASIA PACIFIC, BY VEHICLE AND BY COUNTRY
FIGURE 12 PASSENGER CARS AND SOUTH KOREA PROJECTED TO DOMINATE MARKET, BY VEHICLE TYPE AND COUNTRY
4.3 MARKET, BY COUNTRY
FIGURE 13 AUSTRALIA EXPECTED TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD OF 2020-2025 (USD MILLION)
4.4 MARKET, BY COMPONENT
FIGURE 14 FUEL CELL SYSTEM PROJECTED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025 (USD MILLION)
4.5 MARKET, BY POWER OUTPUT
FIGURE 15 <150 KW POWER OUTPUT SEGMENT ESTIMATED TO DOMINATE MARKET (UNITS)
4.6 FUEL CELL POWERTRAIN MARKET, BY VEHICLE TYPE
FIGURE 16 PASSENGER CARS PROJECTED TO DOMINATE MARKET (USD MILLION)
4.7 FUEL CELL POWERTRAIN MARKET, BY H2 FUEL STATION
FIGURE 17 ASIA OCEANIA PROJECTED TO DOMINATE 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 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 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 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: 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: 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: 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: 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: 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: 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 MARKET, BY VEHICLE TYPE, 2020 VS. 2025
TABLE 29 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: 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: 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: 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 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: 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: 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: 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: MARKET, 2020 VS. 2025 (USD MILLION)
TABLE 48 ASIA OCEANIA: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
13.2.1 IMPACT OF COVID-19 ON ASIA OCEANIA MARKET
13.2.2 CHINA
TABLE 49 CHINA: TARGETS, VISIONS, AND PROJECTIONS
TABLE 50 CHINA: MARKET - PROJECTS
TABLE 51 CHINA: MARKET - POLICIES AND REGULATIONS
13.2.2.1 Increased R&D in China will boost growth of market
TABLE 52 CHINA: 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: 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: MARKET, 2020 VS. 2025 (USD MILLION)
TABLE 63 EUROPEAN UNION (EU): MARKET - PROJECTS
TABLE 64 EUROPE: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
13.3.1 IMPACT OF COVID-19 ON EUROPEAN 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: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.3 GERMANY
TABLE 68 GERMANY: MARKET - PROJECTS
TABLE 69 GERMANY: MARKET - POLICIES AND REGULATIONS
13.3.3.1 Fast-paced development of hydrogen infrastructure to drive German market
TABLE 70 GERMANY: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.4 ITALY
TABLE 71 ITALY: FUEL CELL POWERTRAIN MARKET - PROJECTS
TABLE 72 ITALY: MARKET - POLICIES AND REGULATIONS
13.3.4.1 Focus on electrification of vehicles to boost market in Italy
TABLE 73 ITALY: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.5 NETHERLANDS
TABLE 74 NETHERLANDS: FUEL CELL POWERTRAIN MARKET - PROJECTS
TABLE 75 NETHERLANDS: MARKET - POLICIES AND REGULATIONS
13.3.5.1 Government investments boost the Dutch fuel cell powertrain market
TABLE 76 NETHERLANDS: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.6 NORWAY
TABLE 77 NORWAY: FUEL CELL POWERTRAIN MARKET - PROJECTS
TABLE 78 NORWAY: MARKET - POLICIES AND REGULATIONS
13.3.6.1 Buses segm+D315ent projected to grow fastest in Norway during forecast period
TABLE 79 NORWAY: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.7 SWEDEN
TABLE 80 SWEDEN: MARKET - PROJECTS
13.3.7.1 EU emission reduction goals will drive market in Sweden
TABLE 81 SWEDEN: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.8 BELGIUM
TABLE 82 BELGIUM: FUEL CELL POWERTRAIN MARKET - PROJECTS
TABLE 83 BELGIUM: MARKET - POLICIES AND REGULATIONS
13.3.8.1 Efforts for REVIVE project will boost market in Belgium
TABLE 84 BELGIUM: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.9 DENMARK
TABLE 85 DENMARK: MARKET - PROJECTS
13.3.9.1 Denmark to be a key market for adoption of fuel cell buses
TABLE 86 DENMARK: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.10 SPAIN
TABLE 87 SPAIN: FUEL CELL POWERTRAIN MARKET - PROJECTS
TABLE 88 SPAIN: MARKET - POLICIES AND REGULATIONS
13.3.10.1 Government plans and investments propel Spanish market
TABLE 89 SPAIN: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.11 SWITZERLAND
TABLE 90 SWITZERLAND: MARKET - PROJECTS
13.3.11.1 Trucks segment projected to have significant market share in Switzerland
TABLE 91 SWITZERLAND: MARKET, BY VEHICLE TYPE, 2018-2025 (USD THOUSAND)
13.3.12 UK
TABLE 92 UK: MARKET - PROJECTS
TABLE 93 UK: 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: 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: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
13.4.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
13.4.2 CANADA
TABLE 97 CANADA: MARKET - PROJECTS
TABLE 98 CANADA: MARKET - POLICIES AND REGULATIONS
13.4.2.1 Presence of leading fuel cell suppliers boosts market in Canada
TABLE 99 CANADA: 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: MARKET - POLICIES AND REGULATIONS
13.4.6 TRUCKS SEGMENT PROJECTED TO GROW FASTEST IN THE US
TABLE 103 US: 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 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.
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
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Growth opportunities and latent adjacency in Fuel Cell Powertrain Market