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DATE
JAN 2022
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EXECUTIVES
Global Hydrogen Fuel Cell Vehicle Market to Reach $9.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Hydrogen Fuel Cell Vehicle estimated at US$752.9 Million, is projected to reach a revised size of US$9.1 Billion by 2026, growing at a CAGR of 50.7% over the analysis period. Passenger Cars, one of the segments analyzed in the report, is projected to record a 53.6% CAGR and reach US$9.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 44.1% CAGR for the next 7-year period.
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Global Hydrogen Fuel Cell Vehicle Market to Reach $9.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Hydrogen Fuel Cell Vehicle estimated at US$752.9 Million, is projected to reach a revised size of US$9.1 Billion by 2026, growing at a CAGR of 50.7% over the analysis period. Passenger Cars, one of the segments analyzed in the report, is projected to record a 53.6% CAGR and reach US$9.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 44.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $369.6 Million in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The Hydrogen Fuel Cell Vehicle market in the U.S. is estimated at US$369.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 48% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 45.1% and 42.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 33.5% CAGR.
SELECT PLAYERS
Audi AG; Ballard Power Systems, Inc.; BMW AG; Daimler AG; FuelCell Energy, Inc.; Honda Motor Co., Ltd.; Hydrogenics Corporation; Hyundai Construction Equipment Europe; MAN SE; Toyota Motor Corporation
SEGMENTS
» Application (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells, Other Applications) » Type (Passenger Cars, Commercial Vehicles)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Influencer Market Insights |
| World Market Trajectories |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| 3. MARKET TRENDS & DRIVERS |
| 4. GLOBAL MARKET PERSPECTIVE |
| World Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027 |
| World Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027 |
| World Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027 |
| World Current & Future Analysis for Proton Exchange Membrane Fuel Cell by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Proton Exchange Membrane Fuel Cell by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027 |
| World Current & Future Analysis for Phosphoric Acid Fuel Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Phosphoric Acid Fuel Cells by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027 |
| World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| USA Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| USA 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| USA Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| USA 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| CANADA |
| Canada Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Canada 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Canada Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Canada 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| JAPAN |
| Japan Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Japan 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Japan Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Japan 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| CHINA |
| China Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| China 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| China Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| China 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| EUROPE |
| Europe Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
| Europe 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027 |
| Europe Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Europe 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Europe Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Europe 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| FRANCE |
| France Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| France 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| France Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| France 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| GERMANY |
| Germany Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Germany 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Germany Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Germany 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| ITALY |
| Italy Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Italy 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Italy Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Italy 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| UNITED KINGDOM |
| UK Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| UK 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| UK Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| UK 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| REST OF EUROPE |
| Rest of Europe Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of Europe 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Rest of Europe Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of Europe 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| ASIA-PACIFIC |
| Asia-Pacific Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Asia-Pacific Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| REST OF WORLD |
| Rest of World Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Type - Passenger Cars and Commercial Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of World 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Type - Percentage Breakdown of Value Sales for Passenger Cars and Commercial Vehicles for the Years 2020 & 2027 |
| Rest of World Current & Future Analysis for Hydrogen Fuel Cell Vehicle by Application - Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
| Rest of World 7-Year Perspective for Hydrogen Fuel Cell Vehicle by Application - Percentage Breakdown of Value Sales for Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cells and Other Applications for the Years 2020 & 2027 |
| IV. COMPETITION |
| Total Companies Profiled: 46 |
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