Global Hydrogen Fuel Cell Vehicle Industry

Global Hydrogen Fuel Cell Vehicle Industry

  • April 2021 •
  • 144 pages •
  • Report ID: 5899658 •
  • Format: PDF
Abstract:
- Global Hydrogen Fuel Cell Vehicle Market to Reach $13.3 Billion by 2027
- Amid the COVID-19 crisis, the global market for Hydrogen Fuel Cell Vehicle estimated at US$752.9 Million in the year 2020, is projected to reach a revised size of US$13.3 Billion by 2027, growing at aCAGR of 50.7% over the period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record 53.6% CAGR and reach US$9.9 Billion by the end of the analysis period. After an early 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 $229.3 Million, While China is Forecast to Grow at 48.1% CAGR
- The Hydrogen Fuel Cell Vehicle market in the U.S. is estimated at US$229.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 48% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 45.1% and 42.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 33.5% CAGR.

- Select Competitors (Total 46 Featured) -
  • 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