Fuel Cell Electric Vehicle Market

“Fuel Cell Electric Vehicle Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global fuel cell electric vehicle market. An inclusive examination of the market is presented on the basis of Vehicle (PCV, LCV, HCV, E-bikes, Forklifts and Others); Distance (Short and Long); and Region (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). Fuel cell electric vehicles (FCEV) use fuel cell stacks to convert the chemical energy of onboard gaseous hydrogen to electric energy. This electricity is then stored in a battery to power the electric motor. The batteries used in FCEVs are useful for recapturing braking energy, providing extra power and smoothness to the functioning of the vehicle.

The global market is majorly driven by an enhanced focus on sustainable development. Numerous initiatives undertaken by the government of multiple countries to reduce carbon emissions have led to the uptake of electric vehicles across the globe, thereby further providing a boost to the market growth. Some of the other factors contributing to the market growth include the widespread integration with advanced technologies and extensive research and development (R&D) activities.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the fuel cell electric vehicle market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the fuel cell electric vehicle market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the fuel cell electric vehicle market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the fuel cell electric vehicle industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the fuel cell electric vehicle industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the fuel cell electric vehicle industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the fuel cell electric vehicle industry. Furthermore, the value chain analysis of the fuel cell electric vehicle industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Vehicle:                                     

• Passengers Carrying Vehicles (PCV)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• E-bikes
• Forklifts
• Others

Segmentation by Distance:                                     

• Short
• Long

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape:

• Robert Bosch GmbH
• 3M Company
• Compagnie De Saint-Gobain S.A.
• Henkel
• Asahi Diamond Industrial
• Dowdupont
• Fujimi Incorporated
• Carborundum Universal
• Krebs & Riedel Schleifscheibenfabrik

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the fuel cell electric vehicle industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the fuel cell electric vehicle industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the fuel cell electric vehicle. Furthermore, the value chain analysis of the fuel cell electric vehicle industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of the Global Fuel Cell Electric Vehicle Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the fuel cell electric vehicle industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.