Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Hydrogen Fuel Cell Vehicle Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Hydrogen Fuel Cell
Vehicle Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of international Hydrogen Fuel Cell Vehicle Market is offered.
Market
Insights:
In accordance with the report, the Hydrogen Fuel Cell
Vehicle Market is projected to expand at a CAGR of 68.55% over the period of forecast. The global Hydrogen Fuel Cell Vehicle Market
was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. Toyota has
just begun selling the MIRAI FCV and believes hydrogen will be a major energy
source. In 2015. Toyota has announced that until the end of 2020, it will allow
the royalty-free use of about 5,000 fuel cell-related patents. Additionally,
Toyota, Nissan, and Honda have declared their intention to contribute
financially to the operation of hydrogen stations in Japan. In sales of
hydrogen-powered vehicles, Hyundai Motor has surpassed Toyota and reclaimed
first place. In the second quarter, the automaker's category sales increased by
91.1% year over year thanks in part to the 2021 Hyundai Nexo fuel-cell vehicle.
Geographically, North America held the largest market share and would maintain
its dominance throughout the forecast period. The state of California continues
to display unmatched leadership in the development of infrastructure for
hydrogen fuel cell vehicles. The state was among the first in the world to have
commercial zero-emission FCVs on its roads thanks to continued planning and
assistance. Companies like Toyota Motor Sales are greatly accelerating the
development of hydrogen fuelling infrastructure, while nations including the United
Kingdom, Germany, Japan, and California have declared intentions to assist in
the funding of hydrogen fueling stations.
Research
Methodology:
To compile
the detailed study of the global Hydrogen Fuel
Cell Vehicle Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Hydrogen Fuel Cell Vehicle Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Hydrogen Fuel Cell Vehicle Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Hydrogen Fuel Cell Vehicle Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Hydrogen Fuel Cell Vehicle Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Hydrogen Fuel Cell Vehicle Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Hydrogen Fuel
Cell Vehicle Market, By Technology, 2022-2031 (USD Million)
·
Proton
Exchange Membrane Fuel Cell
·
Alkaline Fuel
Cell
·
Solid Oxide
Fuel Cell
Hydrogen Fuel
Cell Vehicle Market, By Vehicle Type, 2022-2031 (USD Million)
·
Commercial
Vehicle
·
Passenger
Cars
Report
Highlights:
The prime objective of the Hydrogen Fuel Cell
Vehicle Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Hydrogen Fuel
Cell Vehicle Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Hydrogen
Fuel Cell Vehicle Market:
·
The Hyundai
Motor Company (South Korea)
·
Daimler AG
(Mercedes-Benz) (Germany)
·
BMW (Germany)
·
General
Motors Company (U.S.)
·
Groupe Renault
(France)
·
Mazda Motor
Corporation (Japan)
·
Hydrogenics
(Canada)
·
Kia Motor
Corporation (South Korea)
·
Tata Motors
Limited(India).
Hydrogen
Fuel Cell Vehicle Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry