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Fuel Cell Electric Vehicle Market Size, Growth, Demands Outlook and Forecasts to 2030

According to the research report, the global fuel cell electric vehicle market size is expected to touch USD 35.60 Billion by 2030, from USD 6.19 Billion in 2022, growing with a significant CAGR of 53.4% from 2022 to 2030. 

Fuel Cell Electric Vehicle Market Size 2021 to 2030    

The fuel cell electric vehicle report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global fuel cell electric vehicle in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global fuel cell electric vehicle market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global fuel cell electric vehicle during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/1714

 Report Scope of the Fuel Cell Electric Vehicle Market 

Report CoverageDetails
Market Size by 2030USD 35.60 Billion
Growth Rate from 2022 to 2030

CAGR of 53.43%

Rising RegionAsia Pacific
Short Distance Segment Expected to Reach 45% From 2022 to 2030
Base Year2021
Forecast Period2022 to 2030
Segments CoveredVehicle, Type, Range, Geography

This study covers a detailed segmentation of the global fuel cell electric vehicle market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global fuel cell electric vehicle market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

  • Audi AG
  • Ballard Power systems Inc.
  • BMW Group
  • Daimler AG
  • Honda Motor Co limited
  • Volvo group
  • Toyota Motor Corporation
  • General Motors company
  • Man Se
  • American Honda Motor Co.
  • Toshiba

Market Segmentation

 Based on Vehicle

  • Passenger Vehicles
  • Light commercial vehicles
  • Bus
  • Trucks
  • Heavy Duty Vehicles
  • Agriculture
  • Automotive
  • Others

Based on Type

  • Proton Exchange Membrane Fuel Cell
  • Phosphoric acid Fuel Cell
  • Polymer Electrolyte Membrane Fuel Cell (PEMFC)
  • Others

Based on Range

  • Short Range
  • Long Range

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Research Methodology

The research methodology adopted by analysts for compiling the global fuel cell electric vehicle report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global fuel cell electric vehicle market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Fuel Cell Electric Vehicle Market 

5.1. COVID-19 Landscape: Fuel Cell Electric Vehicle Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Fuel Cell Electric Vehicle Market, By Vehicle

8.1. Fuel Cell Electric Vehicle Market, by Vehicle, 2022-2030

8.1. Passenger Vehicles

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Light commercial vehicles

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Bus

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Trucks

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Heavy Duty Vehicles

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Agriculture

8.1.6.1. Market Revenue and Forecast (2017-2030)

8.1.7. Automotive

8.1.7.1. Market Revenue and Forecast (2017-2030)

8.1.8. Others

8.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Fuel Cell Electric Vehicle Market, By Type

9.1. Fuel Cell Electric Vehicle Market, by Type, 2022-2030

9.1.1. Proton Exchange Membrane Fuel Cell

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Phosphoric acid Fuel Cell

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Polymer Electrolyte Membrane Fuel Cell (PEMFC)

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Fuel Cell Electric Vehicle Market, By Range 

10.1. Fuel Cell Electric Vehicle Market, by Range, 2022-2030

10.1.1. Short Range

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Long Range

Chapter 11. Global Fuel Cell Electric Vehicle Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.1.2. Market Revenue and Forecast, by Type (2017-2030)

11.1.3. Market Revenue and Forecast, by Range (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.1.4.3. Market Revenue and Forecast, by Range (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Range (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.3. Market Revenue and Forecast, by Range (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.4.3. Market Revenue and Forecast, by Range (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Range (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Range (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Type (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Range (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.3. Market Revenue and Forecast, by Range (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.4.3. Market Revenue and Forecast, by Range (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Range (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Range (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Type (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Range (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.3. Market Revenue and Forecast, by Range (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.4.3. Market Revenue and Forecast, by Range (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Range (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Range (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Type (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Range (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.5.3. Market Revenue and Forecast, by Range (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Type (2017-2030)

11.5.4.3. Market Revenue and Forecast, by Range (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Type (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Range (2017-2030)

Chapter 12. Company Profiles

12.1. Audi AG

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Ballard Power systems Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. BMW Group

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Daimler AG

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Honda Motor Co limited

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Volvo group

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Toyota Motor Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. General Motors company

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Man Se

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. American Honda Motor Co.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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