Automotive Fuel Cell Market by Components (Fuel Stack  Fuel Processor  Power Conditioner)  Electrolyte Type (PEMFC  PAFC)  Power Output ( 100KW  100-200KW   200KW)  Vehicle Type (PC  LCV  Bus  Truck)  H2 Fuel Station  Region - Global Forecast to 2025

Automotive Fuel Cell Market by Components (Fuel Stack Fuel Processor Power Conditioner) Electrolyte Type (PEMFC PAFC) Power Output ( 100KW 100-200KW 200KW) Vehicle Type (PC LCV Bus Truck) H2 Fuel Station Region - Global Forecast to 2025

MarketsandMarkets | ID: 1524192182314 | Published at: 2018-03-28 | Pages: 185

  • €4.785,63


“Government initiatives in research and development of hydrogen infrastructure and fuel cell cost reduction are likely to propel the automotive fuel cell market”
The autmotive fuel cell market is estimated to be 7,785 units in 2018 and is projected to grow at a CAGR of 65.86% during the forecast period (2018–2025), to reach a market size of 268,786 units by 2025. To reduce greenhouse gas emissions, governments in various countries are taking initiatives to create clean energy sources. Governments are increasingly investing in alternative sources of energy such as fuel cells. Fuel cell vehicles emit no greenhouse gases (GHG) and pollutants. Thus, they can positively impact the environment. This will boost the demand for fuel cell technology in the automotive industry. Governments are taking initiatives, making investments, and promoting the use of fuel cells. Along with the development of fuel cell technology, it is important to create a robust infrastructure that can cater to the needs of hydrogen-powered transportation. Therefore, governments are increasingly investing in the development of required hydrogen infrastructure, providing an opportunity for the automotive fuel cell market to grow in the future. In FCEVs, fuel cells are installed inside the vehicle and hydrogen gas is stored under pressure. If a spark of electricity comes in contact with the hydrogen, it could catch fire. This is a major restraint for the growth of the market.
“The >200 KW is estimated to be the fastest growing segment of the automoitve fuel cell market, by power output, in terms of volume”
Typical fuel cell buses and trucks need a fuel cell with more than 200 kW power output. Fuel cell buses are the most suitable mode of transportation for the introduction of fuel cell technology in automotive applications. For transportation within a limited area, less investment is needed to build the required hydrogen infrastructure. Several governments across the globe are taking initiatives for developing public and private fuel cell vehicle transport systems. Various investments have been made for the development and production of fuel cell buses. The adoption of fuel cell technology in the truck segment is still in a development stage. However, owing to the advantages of high fuel efficiency and low cost of transportation for longer driving distance, the truck fuel cell market is estimated to grow at the highest growth rate. Hence, owing to high growth rate of buses and trucks, the automotive fuel cell market for >200 KW is estimated to be fastest growing market.
“The truck segment is the fastest growing segment of automoitve fuel cell market”
Currently, there are few fuel cell truck models available in the automotive market. However, the rapid development of fuel cell technology will boost the fuel cell trucks market. Fuel cell vehicles are more efficient and cost-effective for long-range transportation. Hence, using fuel cell trucks for goods carriage will result in better emission control and cost-effectiveness. Moreover, fuel cell electric vehicle is cost effective than other electric vehicles for long range transportation.
“Asia Pacific is estimated to be the fastest growing regional market for automotive fuel cell”
Asia Pacific is estimated to be the fastest growing market for automotive fuel cell, with Japan accounting for the largest market share in 2018. The market growth in the region can be attributed to the increased focus on the development of fuel cell technology. Also, Japan plans to launch around 100 fuel cell buses before the 2020 Tokyo Olympics. Asia Pacific is expected to remain the region of focus for the automotive fuel cell market in the next seven years due to increasing developments in fuel cell technology and infrastructure and the high adoption of fuel cell vehicles in countries such as China and Japan.
The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier-1–48%, Tier-2–34%, and Tier 3–18%
• By Designation: C—level Executives –61%, Directors–27%, Others–12%
• By Region: North America–42%, Europe–34%, Asia Pacific–19%, RoW–5%
The report provides detailed profiles of the following companies
 Ballard Power System (Canada)
 Hydrogenics (Canada)
ITM Power (UK)
 Plug Power (US)
 Ceres Power (UK)
 Nedstack (The Netherlands)
 Nuvera (US)
AFCC (Canada)
 Toshiba (Japan)
 Panasonic (Japan)
 Delphi (UK)
 Toyota (Japan)
 Hyundai (South Korea)
 Daimler (Germany)
 Nissan (Japan)

Research Coverage
Automotive fuel cell market has been segmented by electrolyte type (Phosphoric Acid Fuel Cell (PAFC), and Proton Exchange Membrane Fuel cell (PEMFC)), component (fuel processor, fuel stack, and power conditioner), power output (<100 KW, 100-200 KW and >200 KW), hydrogen fuel station (Asia pacific, Europe, and North America), vehicle type (passenger car, light commercial vehicle, bus, and truck), and region (Asia Pacific, Europe, and North America). The market has been projected in terms of volume (units) and the market by component type is projected in terms of value (USD million).
Reasons to Buy the Report:
The report provides insights into the following points:
 Market Penetration: The report provides comprehensive information on automoitve fuel cell market and the top players in the industry.
 Regulatory Framework: The report offers detailed insights into norms leading to the application of automotive fuel cells and the effect of the regulations on the market.
 Market Development: The report provides comprehensive information on various technologies of automotive fuel cell. The report analyzes the markets for various automoitve fuel cell technologies across different countries.
 Market Diversification: The report provides exhaustive information about emerging technologies, recent developments, and investments in the global automoitve fuel cell market.
 Competitive Assessment: The report offers an in-depth assessment of strategies, services, and manufacturing capabilities of leading players in the global automotive fuel market.

TABLE OF CONTENTS

1 INTRODUCTION 16

  • 1.1 OBJECTIVES OF THE STUDY 16
  • 1.2 MARKET DEFINITION 16
  • 1.3 MARKET SCOPE 17
    • 1.3.1 YEARS CONSIDERED FOR THE STUDY 18
  • 1.4 CURRENCY & PRICING 18
  • 1.5 PACKAGE SIZE 19
  • 1.6 LIMITATIONS 19
  • 1.7 STAKEHOLDERS 19
    2 RESEARCH METHODOLOGY 20
  • 2.1 RESEARCH DATA 20
  • 2.2 SECONDARY DATA 22
    • 2.2.1 KEY SECONDARY SOURCES 22
  • 2.3 PRIMARY DATA 23
    • 2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 23
    • 2.3.2 PRIMARY PARTICIPANTS 24
  • 2.4 FACTOR ANALYSIS 24
    • 2.4.1 INTRODUCTION 24
    • 2.4.2 DEMAND-SIDE ANALYSIS 24
      • 2.4.2.1 Stringent emission regulations 24
      • 2.4.2.2 Growing industrial demand for fuel cells 25
      • 2.4.2.3 Sustainable transportation 25
    • 2.4.3 SUPPLY-SIDE ANALYSIS 26
      • 2.4.3.1 Collaboration of OEMs with fuel cell suppliers 26
      • 2.4.3.2 Availability of hydrogen in abundance 26
      • 2.4.3.3 Reducing cost of raw materials 27
  • 2.5 MARKET SIZE ESTIMATION 28
  • 2.6 DATA TRIANGULATION 30
  • 2.7 ASSUMPTIONS 31
    3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 40

  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE FUEL CELL MARKET 40
  • 4.2 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2025 41
  • 4.3 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2018–2025 42
  • 4.4 AUTOMOTIVE FUEL CELL MARKET, BY ELECTROLYTE TYPE, 2018–2025 43
  • 4.5 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN STATIONS, 2018–2025 43
  • 4.6 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT TYPE, 2018–2025 44
  • 4.7 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2025 45
    5 MARKET OVERVIEW 46
  • 5.1 INTRODUCTION 46
  • 5.2 MARKET DYNAMICS 47
    • 5.2.1 DRIVERS 48
      • 5.2.1.1 Better fuel efficiency and increased driving range 48
      • 5.2.1.2 Fast refueling 48
      • 5.2.1.3 Reduced oil dependency 49
      • 5.2.1.4 Less greenhouse gas and air pollutant emissions 49
    • 5.2.2 RESTRAINTS 50
      • 5.2.2.1 Highly flammable 50
      • 5.2.2.2 Hard to detect hydrogen leakages 50
    • 5.2.3 OPPORTUNITIES 50
      • 5.2.3.1 Rising demand for fuel cell vehicles in the automotive & transportation sectors 50
      • 5.2.3.2 Government initiatives promoting hydrogen infrastructure 52
    • 5.2.4 CHALLENGES 54
      • 5.2.4.1 High vehicle costs 54
      • 5.2.4.2 Insufficient hydrogen infrastructure 54
      • 5.2.4.3 Rising demand for BEVs and HEVs 55
  • 5.3 MACRO-INDICATOR ANALYSIS 56
    • 5.3.1 INTRODUCTION 56
      • 5.3.1.1 Fuel cell electric vehicle sales as a percentage of electric car sales 56
      • 5.3.1.2 GDP (USD billion) 56
      • 5.3.1.3 GNI Per Capita, Atlas Method (USD) 57
      • 5.3.1.4 GDP Per Capita PPP (USD) 57
      • 5.3.1.5 Macro indicators influencing the automotive fuel cell market,
        top 3 countries 57
        • 5.3.1.5.1 US 57
        • 5.3.1.5.2 Japan 58
        • 5.3.1.5.3 China 58
  • 5.4 EXPECTED FCEV MODEL LAUNCHES 59
  • 5.5 KEY TRENDS IN FUEL CELL TECHNOLOGY 61
    • 5.5.1 FUEL CELL FOR HEAVY LOAD TRANSPORTATION 61
    • 5.5.2 PLUG-IN HYBRID FUEL CELL VEHICLES 61
    • 5.5.3 HYDROGEN PRODUCTION PROCESS (ELECTROLYSIS- SHELL ELECTROLYSIS PLANT) 62
    • 5.5.4 DECREASING COST OF FUEL CELL 62
    • 5.5.5 POWERTRAIN COSTS OF FCEVS AND BEVS AT VARIOUS ELECTRIC ENERGY CAPACITY LEVELS, 2030 63
  • 5.6 COST OF FUEL CELL SYSTEMS, CURRENT & FUTURE TREND 64
    6 AUTOMOTIVE FUEL CELL MARKET, FUTURE TRENDS & SCENARIO
    (2018–2025) 65
  • 6.1 INTRODUCTION 65
  • 6.2 AUTOMOTIVE FUEL CELL MARKETMOST LIKELY SCENARIO 66
  • 6.3 AUTOMOTIVE FUEL CELL MARKETOPTIMISTIC SCENARIO 67
  • 6.4 AUTOMOTIVE FUEL CELL MARKETPESSIMISTIC SCENARIO 68
    7 TECHNOLOGY OVERVIEW 69
  • 7.1 INTRODUCTION 69
  • 7.2 KEY COMPONENTS OF FUEL CELL ELECTRIC VEHICLE 71
    • 7.2.1 FUEL CELL STACK 71
    • 7.2.2 FUEL PROCESSOR 72
    • 7.2.3 POWER CONDITIONER 72
  • 7.3 TYPES OF FUEL CELL 73
    8 AUTOMOTIVE FUEL CELL MARKET, BY ELECTROLYTE TYPE 74
  • 8.1 INTRODUCTION 75
  • 8.2 PEMFC 77
  • 8.3 PAFC 78
    9 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT TYPE 80
  • 9.1 INTRODUCTION 81
  • 9.2 FUEL STACK 83
  • 9.3 FUEL PROCESSOR 84
  • 9.4 POWER CONDITIONER 86
    10 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT 88
  • 10.1 INTRODUCTION 89
  • 10.2 <100 KW POWER OUTPUT 91
  • 10.3 100–200 KW POWER OUTPUT 93
  • 10.4 >200 KW POWER OUTPUT 95
    11 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUELING STATION 98
  • 11.1 INTRODUCTION 99
  • 11.2 ASIA PACIFIC 101
  • 11.3 EUROPE 102
  • 11.4 NORTH AMERICA 103
    12 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE 104
  • 12.1 INTRODUCTION 105
  • 12.2 PC 107
  • 12.3 LCV 108
  • 12.4 BUSES 110
  • 12.5 TRUCKS 111
    13 AUTOMOTIVE FUEL CELL MARKET, BY REGION 113
  • 13.1 INTRODUCTION 113
  • 13.2 ASIA PACIFIC 115
    • 13.2.1 CHINA 117
    • 13.2.2 INDIA 118
    • 13.2.3 JAPAN 118
    • 13.2.4 SOUTH KOREA 119
  • 13.3 EUROPE 120
    • 13.3.1 FRANCE 121
    • 13.3.2 GERMANY 122
    • 13.3.3 ITALY 123
    • 13.3.4 THE NETHERLANDS 123
    • 13.3.5 NORWAY 124
    • 13.3.6 SWEDEN 125
    • 13.3.7 UK 126
  • 13.4 NORTH AMERICA 127
    • 13.4.1 CANADA 129
    • 13.4.2 MEXICO 130
    • 13.4.3 US 131
      14 COMPETITIVE LANDSCAPE 132
  • 14.1 OVERVIEW 132
  • 14.2 MARKET RANKING ANALYSIS 133
  • 14.3 COMPETITIVE SCENARIO 134
    • 14.3.1 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/AGREEMENTS 134
    • 14.3.2 NEW PRODUCT DEVELOPMENTS 135
    • 14.3.3 EXPANSIONS 135
    • 14.3.4 MERGERS & ACQUISITIONS 136
      15 COMPANY PROFILE 137
      (Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
  • 15.1 TOSHIBA 137
  • 15.2 BALLARD POWER SYSTEMS 140
  • 15.3 HYDROGENICS 145
  • 15.4 ITM POWER 149
  • 15.5 PLUG POWER 154
  • 15.6 CERES POWER 157
  • 15.7 NEDSTACK 159
  • 15.8 NUVERA 160
  • 15.9 AFCC 162
  • 15.10 DELPHI 163
  • 15.11 PANASONIC 165
  • 15.12 TOYOTA 167
  • 15.13 HONDA 169
  • 15.14 HYUNDAI 171
  • 15.15 DAIMLER 173
  • 15.16 NISSAN 174
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
16 APPENDIX 175
  • 16.1 INSIGHTS OF INDUSTRY EXPERTS 175
  • 16.2 DISCUSSION GUIDE 176
  • 16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 178
  • 16.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 180
  • 16.5 AVAILABLE CUSTOMIZATIONS 181
    • 16.5.1 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL COUNTRIES (UP TO 3) 181
    • 16.5.2 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS
      (UP TO 3) 181
    • 16.5.3 DETAILED ANALYSIS ON COUNTRY LEVEL MARKET NUMBERS OF HYDROGEN FUELING STATIONS 181
  • 16.6 RELATED REPORTS 182
  • 16.7 AUTHOR DETAILS 183

LIST OF TABLES

TABLE 1 CURRENCY EXCHANGE RATES (W.R.T. USD) 18
TABLE 2 EFFICIENCY COMPARISON OF FCEVS, BEVS, & ICE 26
TABLE 3 COMPARISON OF FUEL CELL ELECTRIC VEHICLE MODELS 48
TABLE 4 FUEL CELL BUS STATISTICS 51
TABLE 5 POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES
& HYDROGEN INFRASTRUCTURE, 2016 53
TABLE 6 AUTOMOTIVE FUEL CELL MARKET (MOST LIKELY), BY REGION, 2018–2025 (UNITS) 66
TABLE 7 AUTOMOTIVE FUEL CELL MARKET (OPTIMISTIC SCENARIO), BY REGION,
2018–2025 (UNITS) 67
TABLE 8 AUTOMOTIVE FUEL CELL MARKET (PESSIMISTIC), BY REGION, 2018–2025 (UNITS) 68
TABLE 9 EFFECTS OF VARIOUS GASEOUS REACTANTS ON TYPES OF FUEL CELLS 72
TABLE 10 COMPARISON OF CHARACTERISTICS OF DIFFERENT TYPES OF FUEL CELLS 73
TABLE 11 AUTOMOTIVE FUEL CELL MARKET SIZE, BY ELECTROLYTE TYPE,
2016–2025 (UNITS) 76
TABLE 12 PEMFC: AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE,
2016–2025 (UNITS) 77
TABLE 13 PEMFC: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2025 (UNITS) 78
TABLE 14 PAFC: AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE,
2016–2025 (UNITS) 79
TABLE 15 PAFC: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2025 (UNITS) 79
TABLE 16 AUTOMOTIVE FUEL CELL MARKET SIZE, BY COMPONENT TYPE,
2016–2025 (USD MILLION) 82
TABLE 17 FUEL STACK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2016–2025 (USD MILLION) 84
TABLE 18 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2016–2025 (USD MILLION) 85
TABLE 19 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2016–2025 (USD MILLION) 87
TABLE 20 AUTOMOTIVE FUEL CELL MARKET SIZE, BY POWER OUTPUT, 2016–2025 (UNITS) 90
TABLE 21 <100 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET SIZE,
BY VEHICLE TYPE, 2016–2025 (UNITS) 92
TABLE 22 <100 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2025 (UNITS) 92
TABLE 23 100–200 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET SIZE,
BY VEHICLE TYPE, 2016–2025 (UNITS) 94
TABLE 24 100–200 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET SIZE,
BY REGION, 2016–2025 (UNITS) 95
TABLE 25 >200 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET SIZE,
BY VEHICLE TYPE, 2016–2025 (UNITS) 96
TABLE 26 >200 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2025 (UNITS) 97
TABLE 27 AUTOMOTIVE FUEL CELL MARKET SIZE, BY HYDROGEN FUELING STATION,
2016–2025 (NUMBERS) 100
TABLE 28 ASIA PACIFIC: HYDROGEN FUELING STATION AUTOMOTIVE FUEL CELL
MARKET SIZE, BY COUNTRY, 2016–2025 (NUMBERS) 101
TABLE 29 EUROPE: HYDROGEN FUELING STATION AUTOMOTIVE FUEL CELL MARKET SIZE,
BY COUNTRY, 2016–2025 (NUMBERS) 102
TABLE 30 NORTH AMERICA: HYDROGEN FUELING STATION AUTOMOTIVE FUEL CELL
MARKET SIZE, BY COUNTRY, 2016–2025 (NUMBERS) 103
TABLE 31 AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE, 2016–2030 (UNITS) 106
TABLE 32 PC: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2030 (UNITS) 108
TABLE 33 LCV: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2030 (UNITS) 109
TABLE 34 BUSES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2030 (UNITS) 111
TABLE 35 TRUCKS: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2016–2030 (UNITS) 112
TABLE 36 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2016–2025 (UNITS) 114
TABLE 37 ASIA PACIFIC: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2016–2025 (UNITS) 117
TABLE 38 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 117
TABLE 39 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 118
TABLE 40 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 119
TABLE 41 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 119
TABLE 42 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY, 2016–2025 (UNITS) 121
TABLE 43 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 121
TABLE 44 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 122
TABLE 45 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 123
TABLE 46 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 124
TABLE 47 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 124
TABLE 48 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 125
TABLE 49 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 126
TABLE 50 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2016–2025 (UNITS) 129
TABLE 51 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2016–2025 (UNITS) 129
TABLE 52 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 130
TABLE 53 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2016–2025 (UNITS) 131
TABLE 54 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/ AGREEMENTS 134
TABLE 55 NEW PRODUCT DEVELOPMENTS 135


LIST OF FIGURES

FIGURE 1 AUTOMOTIVE FUEL CELL MARKET: MARKETS COVERED 17
FIGURE 2 RESEARCH DESIGN 20
FIGURE 3 RESEARCH METHODOLOGY MODEL 21
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 23
FIGURE 5 FUEL CELLS SHIPPED WORLDWIDE, BY APPLICATION 25
FIGURE 6 ANNUAL HYDROGEN PRODUCTION/DEMAND, 2017 27
FIGURE 7 FUEL CELL R&D FUNDING IN THE US, 2016 VS 2017 28
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY FOR THE AUTOMOTIVE FUEL CELL MARKET: BOTTOM-UP APPROACH 29
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY FOR THE AUTOMOTIVE FUEL CELL MARKET: TOP-DOWN APPROACH 29
FIGURE 10 KEY COUNTRIES IN THE AUTOMOTIVE FUEL CELL MARKET: CHINA IS ESTIMATED TO BE THE LARGEST MARKET BY 2025 (UNITS) 34
FIGURE 11 ASIA PACIFIC IS ESTIMATED TO BE THE FASTEST GROWING MARKET FOR AUTOMOTIVE FUEL CELL, 2018 VS. 2025 (UNITS) 35
FIGURE 12 PEMFC IS ESTIMATED TO HOLD THE LARGEST SHARE OF THE AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025 (UNITS) 35
FIGURE 13 PC SEGMENT IS ESTIMATED TO HOLD THE LARGEST SHARE OF THE AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025 (UNITS) 36
FIGURE 14 100–200 KW POWER OUTPUT IS ESTIMATED TO HOLD THE LARGEST SHARE OF THE AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025 (UNITS) 37
FIGURE 15 FUEL STACK IS ESTIMATED TO HOLD THE LARGEST SHARE OF THE AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025 (USD MILLION) 38
FIGURE 16 ASIA PACIFIC IS ESTIMATED TO HOLD THE LARGEST NUMBER OF
HYDROGEN FUELING STATIONS OF THE AUTOMOTIVE FUEL CELL MARKET,
2018 VS. 2025 (NUMBER) 39
FIGURE 17 BETTER FUEL EFFICIENCY AND INCREASED DRIVING RANGE ARE EXPECTED TO DRIVE THE AUTOMOTIVE FUEL CELL MARKET 40
FIGURE 18 PASSENGER CARS SEGMENT TO HOLD THE LARGEST SHARE OF AUTOMOTIVE FUEL CELL MARKET, BY VOLUME 41
FIGURE 19 100–200 KW TO HOLD THE LARGEST SHARE, BY VOLUME, OF THE AUTOMOTIVE FUEL CELL MARKET 42
FIGURE 20 PEMFC TO HOLD THE LARGEST SHARE, BY VOLUME, OF THE AUTOMOTIVE FUEL CELL MARKET 43
FIGURE 21 ASIA PACIFIC TO HOLD THE LARGEST SHARE, BY VOLUME, OF THE HYDROGEN FUELING STATION IN AUTOMOTIVE FUEL CELL MARKET 43
FIGURE 22 FUEL STACK TO HOLD THE LARGEST SHARE, BY VOLUME, OF THE AUTOMOTIVE FUEL CELL MARKET 44
FIGURE 23 ASIA PACIFIC IS ESTIMATED TO BE THE FASTEST GROWING MARKET FOR AUTOMOTIVE FUEL CELL, 2018–2025 (UNITS) 45
FIGURE 24 AUTOMOTIVE FUEL CELL MARKET: MARKET DYNAMICS 47
FIGURE 25 LIQUID OIL CONSUMPTION (MILLION BARRELS PER DAY), 2011–2019 49
FIGURE 26 OPERATED & PLANNED FUEL CELL BUSES, 2017 52
FIGURE 27 COST OF FUEL CELL, BY COMPONENT 54
FIGURE 28 HYDROGEN INFRASTRUCTURE MAINTENANCE COSTS, BY COMPONENT 55  
FIGURE 29 ELECTRIC VEHICLE SALES, 2012–2017 56
FIGURE 30 US: INCREASING SALES OF FUEL CELL ELECTRIC VEHICLES AS A PERCENTAGE OF ELECTRIC VEHICLE SALES TO PROPEL THE AUTOMOTIVE FUEL CELL MARKET 57
FIGURE 31 JAPAN: INCREASING GOVERNMENT INITIATIVES WILL BOOST
THE AUTOMOTIVE FUEL CELL MARKET 58
FIGURE 32 CHINA: ACCELERATING SALES OF ELECTRIC VEHICLES WILL PROVIDE AN OPPORTUNITY FOR THE GROWTH OF FUEL CELL VEHICLE SALES 58
FIGURE 33 FUEL CELL MASS MARKET ACCEPTANCE TIMELINE IN TRANSPORTATION
SECTOR, 2016–2050 61
FIGURE 34 SOURCES OF HYDROGEN PRODUCTION, 2016 62
FIGURE 35 FUEL CELL SYSTEM COST, 2006–2030 64
FIGURE 36 FUEL CELL SYSTEM & FUEL CELL STACK COST AS PER ANNUAL PRODUCTION RATE, 2016 64
FIGURE 37 GLOBAL AUTOMOTIVE FUEL CELL MARKET– FUTURE TRENDS & SCENARIO,
2018–2025 (UNITS) 65
FIGURE 38 EVOLUTION OF FUEL CELL SYSTEM 70
FIGURE 39 KEY COMPONENTS OF FUEL CELL ELECTRIC VEHICLE 71
FIGURE 40 AUTOMOTIVE FUEL CELL MARKET, BY ELECTROLYTE TYPE, 2018 VS 2025 (UNITS) 76
FIGURE 41 PEMFC: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2025 (UNITS) 77
FIGURE 42 PAFC: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2025 (UNITS) 79
FIGURE 43 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT TYPE,
2018 VS. 2025 (USD MILLION) 82
FIGURE 44 FUEL STACK: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2018 VS. 2025 (USD MILLION) 83
FIGURE 45 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2018 VS. 2025 (USD MILLION) 85
FIGURE 46 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2018 VS. 2025 (USD MILLION) 86
FIGURE 47 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2018 VS 2025 (UNITS) 90
FIGURE 48 <100 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2018 VS 2025 (UNITS) 91
FIGURE 49 100–200 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2025 (UNITS) 94
FIGURE 50 >200 KW POWER OUTPUT: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2018 VS 2025 (UNITS) 96
FIGURE 51 HYDROGEN FUELING STATION MARKET, BY REGION, 2018 VS 2025 (NUMBERS) 100
FIGURE 52 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018 VS 2030 (UNITS) 106
FIGURE 53 PC: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2030 (UNITS) 107
FIGURE 54 LCV: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2030 (UNITS) 109
FIGURE 55 BUSES: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2030 (UNITS) 110
FIGURE 56 TRUCKS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS 2030 (UNITS) 112
FIGURE 57 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018 VS. 2025 (UNITS) 114
FIGURE 58 ASIA PACIFIC: AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025, (UNITS) 116
FIGURE 59 EUROPE: AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025, (UNITS) 120
FIGURE 60 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, 2018 VS. 2025, (UNITS) 128
FIGURE 61 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE MARKET, 2014–2018 132  
FIGURE 62 TOSHIBA: COMPANY SNAPSHOT (2017) 137
FIGURE 63 TOSHIBA: SWOT ANALYSIS 139
FIGURE 64 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT (2016) 140
FIGURE 65 BALLARD POWER SYSTEMS: SWOT ANALYSIS 144
FIGURE 66 HYDROGENICS: COMPANY SNAPSHOT (2016) 145
FIGURE 67 HYDROGENICS: SWOT ANALYSIS 148
FIGURE 68 ITM POWER: COMPANY SNAPSHOT (2017) 149
FIGURE 69 ITM POWER: SWOT ANALYSIS 153
FIGURE 70 PLUG POWER: COMPANY SNAPSHOT (2016) 154
FIGURE 71 PLUG POWER: SWOT ANALYSIS 156
FIGURE 72 CERES POWER: COMPANY SNAPSHOT (2017) 157
FIGURE 73 DELPHI: COMPANY SNAPSHOT (2016) 163
FIGURE 74 PANASONIC: COMPANY SNAPSHOT (2017) 165
FIGURE 75 TOYOTA: COMPANY SNAPSHOT (2017) 167
FIGURE 76 HONDA: COMPANY SNAPSHOT (2017) 169
FIGURE 77 HYUNDAI: COMPANY SNAPSHOT (2016) 171

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