Global Electric Vehicles Fuel Cell Sales Report Thumbnail

Global Electric Vehicles Fuel Cell Sales Market by Type (Passenger Vehicles, Commercial Vehicles), By Application (For Public Lease, For Sales) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: AT-60709
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 54
  • No. Of Pages: 221
  • Format:
  • Pub. Date: 2021-04-04
  • Share:

The Global Electric Vehicles Fuel Cell Market size is projected to register a CAGR of 8.5% during the forecast period, reaching an estimated value of USD XX billion by 2028. The demand for electric vehicles fuel cells has been increasing due to improving infrastructure, government support, and growing environmental concerns among consumers. Moreover, the development of new applications in passenger cars is anticipated to fuel the growth of this market during the next few years.

 

 

An electric vehicle's fuel cell is a device that converts the chemical energy of hydrogen into electricity, through a chemical reaction with oxygen or another oxidizing agent. This process happens in four steps- two involving the transfer of electrons to reduce protons and create current via an external circuit, one step producing water as a product, and one step creating back pressure during operation.

Electric vehicles (BEVs) usually do not require the use of any fuel. Instead, they capture energy from regenerative sources including kinetic and solar. They also convert heat to electricity through an electric generator or fuel cell stack which is known as a Fuel Cell Electric Vehicle (FCEV). The hydrogen in FCEV acts as a source for this reaction with oxygen present in the air while producing water vapor along with electrical power that drives the vehicle’s motor.

 

 

On the basis of Type, the global electric vehicles fuel cell market is segmented into passenger vehicles and commercial vehicles.

 

 

Passenger Vehicles:

A passenger electric vehicle's fuel cell is an energy system that combines hydrogen and oxygen to make electricity. Fuel cells are used in cars, buses, boats, and planes. The main feature of passenger electric vehicles' fuel cell is that it emits zero exhaust emissions. The only byproducts are heat and water vapor, making the vehicle's operation more environmentally friendly than traditional gasoline or diesel engine. The benefits of passenger electric vehicles' fuel cells are high energy efficiency and quiet operation.

 

 

Commercial Vehicles:

Commercial electric vehicles (EVs) use fuel cells and battery packs to power their EVs. A fuel cell is a device that converts hydrogen or methanol into electricity by an electrochemical reaction, whereas the batteries convert chemical energy stored in them into electrical energy during the discharging process. To store more electricity, a commercial EV uses both of these technologies as compared to a passenger vehicle that mostly depends on battery technology alone. The main benefits of commercial electric vehicles' fuel cells are - Ability to add hydrogen tanks for more range, with a longer refueling time. This makes it perfect for applications like buses and other heavy vehicles that require long-distance travel capabilities, Lower emissions than conventional internal combustion engine (ICE) powered trucks or buses due to the existence of water vapor as exhaust gases instead of carbon dioxide; which is less harmful to the environment, Fuel cells are able to start and stop, unlike batteries that only power electric vehicles intermittently; which is an advantage for commercial applications where time is money since fuel cell-powered trucks do not need charging in between deliveries or rounds, Very quiet operation than most another type of electrified transportation options like a battery or hybrid electric vehicle (HEV) technology due to very little noise generated by running on hydrogen as opposed to diesel engines used in most ICE-powered cars and trucks, The ability to use renewable sources such as wind power generators/hydroelectricity generation plants/solar panels etc., because they are environment friendly and produce no greenhouse gas emission which contributes towards global warming. Commercial electric vehicles' fuel cells make them attractive since these also help in reducing dependence on imported petroleum products thus saving foreign currency reserves too.

 

 

On the basis of Application, the global electric vehicles fuel cell market is segmented into for public lease and for private purchase.

 

 

For Public Lease:

The public lease applications of electric vehicles fuel cells are the buses, where the benefits include reduced dependence on petroleum and lower emissions. As of 2016, there were about 11,000 public-access electric vehicles fuel cells across the world. Public access uses include: charging stations for city buses and fleet cars; valet parking at hotels or shopping malls; e-rentals for commuters on a long-term basis such as by airports and train stations to rent an electric car while waiting for a flight/train. Electric vehicles fuel cells for public lease can be used to generate electricity for street lights and other infrastructure.

 

 

For Private Purchase:

For private purchases, there are many different applications where fuel cells can be used. The most common of these is for powering a home power supply to provide electricity during the event that there is no grid service available or as an emergency solution. Another application would be to run generators on-site at industrial facilities such as manufacturing plants and mines among others. Some companies have also been working on developing small-scale unmanned aerial vehicles powered by hydrogen fuel cell technology with great success. These drones could one day replace large fleets of traditional aircraft in certain industries due to their ability to operate longer without refueling, which cost time and money otherwise.

 

 

On the basis of Region, the global electric vehicles fuel cell market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America holds a major share in this market due to the increasing number of government initiatives supporting hydrogen fuel cells technology. The Asia Pacific might be one of the most profitable markets in the near future as countries such as China and Japan are focusing on energy-efficient technologies with less carbon footprint in the all-electric vehicle sector. Moreover, various R&D activities aimed at developing advanced renewable transport fuels from non-food feedstocks will drive growth over the forecast period. Europe has been doing substantial research towards hydrogen systems that can power cars including buses/trucks by using its existing infrastructure (refineries and gas stations). Hydrogen-powered buses and trucks already exist in Norway, Germany, and Denmark.

 

 

Growth Factors For The Global Electric Vehicles Fuel Cell Market:

- Improvements in battery technology and the availability of hydrogen fuel cell applications are projected to drive market growth.

- Government initiatives, incentives, and programs for fuel cell vehicles are also expected to drive the market during 2019–2028.

- Hydrogen fuel cell electric vehicles (FCEVs) are likely to achieve mainstream adoption in the coming years, due to the growing need for clean transportation technology.

- There are various technological advancements in the FCEVs, such as improvements in fuel cell stack design and cost reduction.

- Introduction of hydrogen fuelling stations is also expected to boost market growth over the forecast period.

- Increasing the number of hydrogen fueling stations, the introduction of electric two and three-wheelers has fuelled the demand for FCEVs.

- Regulatory bodies are actively supporting the market growth through investments, mainly in North America.



Up Market Research published a new report titled “Electric Vehicles Fuel Cell Sales Market research report which is segmented by Types (Passenger Vehicles, Commercial Vehicles), By Applications (For Public Lease, For Sales), By Players/Companies Honda, Hyundai, Toyota Mirai, SAIC, Yutong, Foton”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Electric Vehicles Fuel Cell Sales Market Research Report
By Type Passenger Vehicles, Commercial Vehicles
By Application For Public Lease, For Sales
By Companies Honda, Hyundai, Toyota Mirai, SAIC, Yutong, Foton
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 221
Number of Tables & Figures 155
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Electric Vehicles Fuel Cell Sales Industry Outlook
 

Global Electric Vehicles Fuel Cell Sales Market Report Segments:

The market is segmented by Type Passenger Vehicles, Commercial Vehicles and By Application For Public Lease, For Sales.

 

Some of the companies that are profiled in this report are:

  1. Honda
  2. Hyundai
  3. Toyota Mirai
  4. SAIC
  5. Yutong
  6. Foton
 

Electric Vehicles Fuel Cell Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Electric Vehicles Fuel Cell Sales Market
 

Overview of the regional outlook of the Electric Vehicles Fuel Cell Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Electric Vehicles Fuel Cell Sales Market Overview
 

Highlights of The Electric Vehicles Fuel Cell Sales Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Electric Vehicles Fuel Cell Sales Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Passenger Vehicles

                2. Commercial Vehicles

       7. By Application:

                1. For Public Lease

                2. For Sales

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Electric Vehicles Fuel Cell Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Electric Vehicles Fuel Cell Sales Market Statistics
 

Reasons to Purchase the Electric Vehicles Fuel Cell Sales Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicles Fuel Cell Sales Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Electric Vehicles Fuel Cell Sales Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Electric Vehicles Fuel Cell Sales Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Electric Vehicles Fuel Cell Sales Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Electric Vehicles Fuel Cell Sales Market Size & Forecast, 2018-2028 
      4.5.1 Electric Vehicles Fuel Cell Sales Market Size and Y-o-Y Growth 
      4.5.2 Electric Vehicles Fuel Cell Sales Market Absolute $ Opportunity 


Chapter 5 Global Electric Vehicles Fuel Cell Sales Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Electric Vehicles Fuel Cell Sales Market Size Forecast by Type
      5.2.1 Passenger Vehicles
      5.2.2 Commercial Vehicles
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Electric Vehicles Fuel Cell Sales Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Electric Vehicles Fuel Cell Sales Market Size Forecast by Applications
      6.2.1 For Public Lease
      6.2.2 For Sales
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Electric Vehicles Fuel Cell Sales Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Electric Vehicles Fuel Cell Sales Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Electric Vehicles Fuel Cell Sales Analysis and Forecast
   9.1 Introduction
   9.2 North America Electric Vehicles Fuel Cell Sales Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Electric Vehicles Fuel Cell Sales Market Size Forecast by Type
      9.6.1 Passenger Vehicles
      9.6.2 Commercial Vehicles
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Electric Vehicles Fuel Cell Sales Market Size Forecast by Applications
      9.10.1 For Public Lease
      9.10.2 For Sales
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Electric Vehicles Fuel Cell Sales Analysis and Forecast
   10.1 Introduction
   10.2 Europe Electric Vehicles Fuel Cell Sales Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Electric Vehicles Fuel Cell Sales Market Size Forecast by Type
      10.6.1 Passenger Vehicles
      10.6.2 Commercial Vehicles
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Electric Vehicles Fuel Cell Sales Market Size Forecast by Applications
      10.10.1 For Public Lease
      10.10.2 For Sales
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Electric Vehicles Fuel Cell Sales Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Electric Vehicles Fuel Cell Sales Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Electric Vehicles Fuel Cell Sales Market Size Forecast by Type
      11.6.1 Passenger Vehicles
      11.6.2 Commercial Vehicles
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Electric Vehicles Fuel Cell Sales Market Size Forecast by Applications
      11.10.1 For Public Lease
      11.10.2 For Sales
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Electric Vehicles Fuel Cell Sales Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Electric Vehicles Fuel Cell Sales Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Electric Vehicles Fuel Cell Sales Market Size Forecast by Type
      12.6.1 Passenger Vehicles
      12.6.2 Commercial Vehicles
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Electric Vehicles Fuel Cell Sales Market Size Forecast by Applications
      12.10.1 For Public Lease
      12.10.2 For Sales
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Electric Vehicles Fuel Cell Sales Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Electric Vehicles Fuel Cell Sales Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Electric Vehicles Fuel Cell Sales Market Size Forecast by Type
      13.6.1 Passenger Vehicles
      13.6.2 Commercial Vehicles
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Electric Vehicles Fuel Cell Sales Market Size Forecast by Applications
      13.10.1 For Public Lease
      13.10.2 For Sales
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Electric Vehicles Fuel Cell Sales Market: Competitive Dashboard
   14.2 Global Electric Vehicles Fuel Cell Sales Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Honda
      14.3.2 Hyundai
      14.3.3 Toyota Mirai
      14.3.4 SAIC
      14.3.5 Yutong
      14.3.6 Foton
Segments Covered in the Report
The global Electric Vehicles Fuel Cell Sales market has been segmented based on

By Types
  • Passenger Vehicles
  • Commercial Vehicles
By Applications
  • For Public Lease
  • For Sales
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Honda
  • Hyundai
  • Toyota Mirai
  • SAIC
  • Yutong
  • Foton

Buy Report