Global Automotive Fuel Cell System Industry

Global Automotive Fuel Cell System Industry

  • October 2019 •
  • 136 pages •
  • Report ID: 5818497 •
  • Format: PDF
Automotive Fuel Cell System market worldwide is projected to grow by 235.1 Thousand Units, driven by a compounded growth of 64.2%. Polymer Electronic Membrane Fuel Cell, one of the segments analyzed and sized in this study, displays the potential to grow at over 68.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 205.2 Thousand Units by the year 2025, Polymer Electronic Membrane Fuel Cell will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 70.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 5.2 Thousand Units to the region’s size and clout in the next 5 to 6 years. Over 10.6 Thousand Units worth of projected demand in the region will come from Rest of Europe markets. In Japan, Polymer Electronic Membrane Fuel Cell will reach a market size of 12.2 Thousand Units by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 60.7% over the next couple of years and add approximately 36.4 Thousand Units in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Ballard Power Systems, Inc.; Ceres Power Holdings PLC; Daimler AG; Honda Motor Co., Ltd.; Hydrogenics Corporation; Hyundai Motor Company; ITM Power PLC; Nedstack fuel cell technology BV; Nissan Motor Co., Ltd.; Nuvera Fuel Cells LLC; Panasonic Corporation; Plug Power Inc.; Toshiba Corporation; Toyota Motor Corporation