자동차용 연료전지 시장 규모, 점유율, 성장 분석, 컴포넌트별, 유형별, 연료 유형별, 운행 거리별, 지역별 - 산업 예측(2024-2031년)

Global Automotive Fuel Cell Market size was valued at USD 415 billion in 2022 and is poised to grow from USD 544.48 billion in 2023 to USD 4780.27 billion by 2031, growing at a CAGR of 31.2% during the forecast period (2024-2031).

The global automotive fuel cell market is experiencing robust growth, propelled by an increasing consumer demand for eco-friendly transportation alternatives and the urgency to mitigate carbon emissions. This market addresses the pressing environmental issues linked to traditional internal combustion vehicles by promoting fuel cells as a clean and effective solution. However, the high manufacturing costs of fuel cells and the limited availability of refueling infrastructure pose significant challenges to widespread adoption. Many potential users are discouraged by the initial investment required for fuel cell vehicles and the inadequacy of refueling stations, which leads to concerns about accessibility and convenience. Despite these obstacles, the sector presents numerous growth opportunities. Advances in fuel cell technology, coupled with rising investments in hydrogen production, are anticipated to alleviate current limitations. Furthermore, growing public awareness regarding environmental sustainability, alongside increasing regulations aimed at reducing pollution, creates a favorable environment for the automotive fuel cell market's expansion. As the demand for cleaner transportation solutions intensifies, the market stands poised for significant advancement, albeit with hurdles such as high upfront costs and insufficient refueling networks. Continuous innovations and increased funding are essential to overcoming these barriers and fostering long-term growth within the automotive fuel cell industry, positioning it as a key player in the shift toward sustainable mobility solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive Fuel Cell market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automotive Fuel Cell Market Segmental Analysis

Global Automotive Fuel Cell Market is segmented by Component, Type, Fuel Type, Operating Range, Power Output, Propulsion, and region. Based on Component, the market is segmented into Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier, and Others. Based on Type, the market is segmented into Polymer Electrolyte Membrane (PEM) Fuel Cell, Direct Methanol Fuel Cell (DMFC), Phosphoric Acid Fuel Cell (PAFC), and Others. Based on Fuel Type, the market is segmented into Hydrogen, Methanol, and Ethanol. Based on Operating Range, the market is segmented into Up to 250 Kms, 251 - 400 Kms, 401 - 550 Kms, and Above 550 Kms. Based on Power Output, the market is segmented into < 150 KW, 151 - 250 KW, >250 KW. Based on Propulsion, the market is segmented into Electric, Hybrid. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, Heavy Duty Truck, Bus & Coach, and Off-road Vehicle. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Automotive Fuel Cell Market

The Global Automotive Fuel Cell market is driven by the superior fuel economy and operational efficiency of Fuel Cell Electric Vehicles (FCEVs) compared to traditional internal combustion engine (ICE) vehicles and even battery electric vehicles (BEVs). With an impressive fuel economy of approximately 63 miles per gallon gasoline equivalent (MPGge) and an operational range nearing 300 miles on a full tank, FCEVs substantially outperform ICE vehicles, which only achieve about 29 MPGge. Additionally, FCEVs offer rapid refueling times of around five minutes, significantly enhancing their convenience over the longer charging durations associated with BEVs. As consumers increasingly seek sustainable and efficient transportation options, the demand for FCEVs-and consequently, the automotive fuel cell market-continues to expand.

Restraints in the Global Automotive Fuel Cell Market

A significant market restraint for the Global Automotive Fuel Cell market is the inadequate hydrogen refueling infrastructure. While hydrogen fuel cell vehicles offer numerous advantages, including reduced emissions and greater efficiency, their adoption is severely hindered by the scarcity of refueling stations. The limited availability of hydrogen gas stations creates range anxiety among potential consumers, discouraging them from investing in fuel cell vehicles. The development and expansion of a robust hydrogen infrastructure are crucial to enable widespread commercialization and acceptance of fuel cell technology. Without significant investment and advancements in refueling networks, the growth potential of the automotive fuel cell market remains constrained.

Market Trends of the Global Automotive Fuel Cell Market

The Global Automotive Fuel Cell market is witnessing a significant upward trend, driven by rapid advancements in fuel cell technology. Continuous research and development efforts are enhancing the efficiency, durability, and cost-effectiveness of fuel cells, particularly proton exchange membrane (PEMFC) and solid oxide fuel cells (SOFC). These innovations are invaluable as manufacturers respond to growing consumer demand for sustainable transportation solutions and stricter emissions regulations. Additionally, increased investments in hydrogen infrastructure and government incentives are fostering market growth. This dynamic landscape positions fuel cell technology as a pivotal player in the transition towards cleaner and more sustainable mobility solutions globally.

Table of Contents

Introduction

• Objectives of the Study
• Definitions
• Market Scope

Research Methodology

• Information Procurement
• Secondary & Primary Data Sources
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Market Overview Outlook
• Supply Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Technology Analysis
• Pricing Analysis
• Value Chain Analysis
• Ecosystem of the Market
• Trade Analysis
• Supply chain Analysis
• Case study Analysis
• Patent Analysis
• Customer & Buying Criteria Analysis
• Regulatory Landscape
• Innovation Matrix
• Top Investment Analysis
• Key Success Factor
• Degree of Competition

Automotive Fuel Cell Market by Component

• Market Overview
• Fuel Stack
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier
• Others

Automotive Fuel Cell Market by Type

• Market Overview
• Polymer Electrolyte Membrane (PEM) Fuel Cell
• Direct Methanol Fuel Cell (DMFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Others

Automotive Fuel Cell Market by Fuel Type

• Market Overview
• Hydrogen
• Methanol
• Ethanol

Automotive Fuel Cell Market by Operating Range

• Market Overview
• Up to 250 Kms
• 251 - 400 Kms
• 401 - 550 Kms
• Above 550 Kms

Automotive Fuel Cell Market by Power Output

• Market Overview
• < 150 KW
• 151 - 250 KW
• >250 KW

Automotive Fuel Cell Market by Propulsion

• Market Overview
• Electric
• Hybrid

Automotive Fuel Cell Market by Vehicle Type

• Market Overview
• Passenger Vehicle
  • Hatchback
  • Sedan
  • SUV
• Light Commercial Vehicle
• Heavy Duty Truck
• Bus & Coach
• Off-road Vehicle

Automotive Fuel Cell Market Size by Region

• Market Overview
• North America
  • USA
  • Canada
• Europe
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA

Competitive Landscape

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Activities in the Market
• Key Companies Market Share (%), 2023

Key Company Profiles

• Advent Technologies Holdings (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ballard Power Systems (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ceres Power (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cummins Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dana Incorporated (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Doosan Group (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Motors (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honda Motors (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyster-Yale (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyundai Group (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Intelligent Energy (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ITM Power (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nedstack (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panasonic Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Plug Power, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PowerCell AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Proton Motor Power Systems (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Robert Bosch GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Stellantis (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sunrise Power Co. Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Swiss Hydrogen Power (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toray Industries (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toshiba (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toyota Motor Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments