Fuel Cell Electric Vehicle Market Competitors and Regional Analysis 2019-2025

The Fuel Cell Electric Vehicle Market is highly competitive owing to the presence of major fuel cell electric vehicle manufacturers including Volkswagen, Toyota Motor Corporation, Audi AG, SAIC Motor Corporation Limited, Hyundai Motor Group and Honda Motor Co. Ltd.

Fuel Cell Electric Vehicle Market Industry participants are offering attractive deals for encouraging the utilization of fuel cell electric vehicles. Cost effective leasing facilities and rebate offers on new cars are further encouraging the adoption of fuel cell electric vehicles. Honda Motor Co. Ltd offers vehicle leasing facilities in California with no security deposits.

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Speaking along similar lines, Toyota Motor North America, Inc, has recently released its concept truck heavy-duty truck equipped with advanced hydrogen fuel cell system that is expected to broaden the application of zero-emission fuel cell technology. Moreover, the fully functional truck, named as Project Portal, has an exceptional torque capability to seamlessly carry out port drayage operations and transport goods over short and long distances. Needless to mention, the launch of such innovative vehicles would provide a vigorous boost to the global Fuel Cell Electric Vehicle Market size expansion over the estimated time frame.

Europe Fuel Cell Electric Vehicle Market will witness significant growth owing to supportive government projects for developing zero emission fuel cell vehicles and installation of hydrogen refueling stations. Projects such as Clean Hydrogen in European Cities (CHIC) and Joint Initiative for hydrogen Vehicles (JIVE) are striving for commercialization of fuel cell electric buses, further augmenting the regional demand for fuel cell electric vehicles.

Rising demand for curbing carbon emission levels for improving air quality is positively influencing the Fuel Cell Electric Vehicle Market share. Increasing environmental concerns pertaining to vehicle emissions are leading to the higher adoption of fuel cell electric vehicles. Shifting preference for deploying advanced technologies in heavy-duty freight trucks for delivering efficient vehicle performance will further boost the product penetration.

Considering the aforementioned factors, it is quite undeniable that the worldwide fuel cell electric vehicles market has been set upon a favorable progression path. To add to this, various governments across the globe have been undertaking comprehensive programs to bolster the utilization of zero-emission automobiles to contain the ever-rising levels of pollution. Apparently, all these aspects have eventually generated an unprecedented anticipation regarding the growth potential of the Fuel Cell Electric Vehicle Market which is forecast to surpass USD 11,600 million by 2025.

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Major industry players are engaged in manufacturing reliable and advanced fuel cell systems including Plug Power Inc., Nuvera Fuel Cells LLC., US Hybrid, Dana Limited, Ballard Power Systems, Hydrogenics, Meritor, Inc. and Sunrise Power.

Report Content

Chapter 4 Fuel Cell Electric Vehicle Market, By Vehicle

4.1 Global Fuel Cell Electric Vehicle Market share by vehicle, 2018 & 2025

4.2 Heavy duty vehicle

4.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.3 Agriculture

4.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.4 Buses

4.4.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.5 Port Vehicles/Container Handling or Transport

4.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.6 Automotive

4.6.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.6.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.7 Class 8/Long Haul

4.7.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.7.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.8 Others

4.8.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.8.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

Chapter 5 Fuel cell electric vehicle Market, By Distance

5.1 Global fuel cell electric vehicle market share by distance, 2018 & 2025

5.2 Short

5.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

5.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

5.3 Long

5.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

5.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

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