Chinese Automotive Industry to Cut Down on Conventional Fuel Emissions
Eight of the world’s largest automobile manufacturers have plans to commercialize Fuel Cell Vehicles (FCVs) by 2025. With the recent Volkswagen emissions scandal, China has made efforts to promote fuel cell technology in automobiles. In 2015, it initiated an agenda to produce 333 fuel cell-based buses and cars in the country to cut down on the conventional fuel emissions. China’s 13th five-year plan is going to have a great impact on fuel cells as it focuses on clean energy and technology.
Asia-Pacific registered the highest market share, followed closely by Europe and North America. Hydrogen market, a segment of fuel cell market, has great potential as compared to biogas, natural gas, methanol, and hydrocarbons. The automotive fuel cell market is in the midst of a revolutionary development that reduces the cost of infrastructure and other resources. This report provides a look into the recent developments in the automotive fuel cell market and its growth prospects. Toyota’s “Mirai” is the first fuel cell vehicle to enter the commercial market.
Source: Mordor Intelligence Analysis
Higher adoption in Asia-Pacific, stringent EPA and CAFÉ standards and high energy efficiency requirements serve as major drivers for the fuel cell market. The low density of fuel compared to gasoline, and the fact that fuel cell equipped vehicles are not completely green like pure electric vehicles are restraining factors for the automotive fuel cell market.
Market Segmentation
The automotive fuel cell market is segmented by electrolyte type, vehicle type, operating temperature type, and geography.
Key Industry Players:
Some of the key players in the market are Ballard, Ceramic Fuel Cells, Delphi, Doosan Fuel Cells, Hydrogenics, and Nedstack.
Recent Developments
February 2018: Hyundai's Fuel cell vehicle NEXO displays what the future of driving could be like.
Reasons to Purchase the Report
- To study the current and future market in the developed and emerging regions.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- Identify the segment that is expected to dominate the market.
- Identify the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
Report Customization and Benefits
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Key Findings of the Study
5. Market Overview and Technology Trends
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitute Products/Services
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6. Market Dynamics
6.1 Drivers
6.1.1 Auto Financing Dependence in Major Markets, like India and China
6.2 Restraints
6.2.1 Expensive Compared to Other Types of Fuel
6.3 Opportunities
6.3.1 Hydrogen Fuel Cell has Great Potential when compared to Other Types of Fuel Cells
7. Global Automotive Fuel Cell Market, by Electrolyte Type
7.1 Polymer Electronic Membrane Fuel Cell
7.2 Direct Methanol Fuel Cell
7.3 Alkaline Fuel Cell
7.4 Phosphoric Acid Fuel Cell
8. Global Automotive Fuel Cell Market, by Vehicle Type
8.1 Commercial Vehicles
8.2 Passenger Cars
8.3 Others
9. Global Automotive Fuel Cell Market, by Operating Temperature Type
9.1 Molten Carbonate Fuel Cell
9.2 Solid Oxide Fuel Cell
10. Global Automotive Fuel Cell System Market, by Geography
10.1 North America
10.1.1 Introduction
10.1.2 United States
10.1.3 Canada
10.1.4 Mexico
10.1.5 Others
10.2 Europe
10.2.1 Introduction
10.2.2 Germany
10.2.3 United Kingdom
10.2.4 France
10.2.5 Italy
10.2.6 Spain
10.2.7 Russia
10.2.8 Others
10.3 Asia-Pacific
10.3.1 Introduction
10.3.2 China
10.3.3 Japan
10.3.4 India
10.3.5 Australia
10.3.6 South Korea
10.3.7 Others
10.4 Middle East & Africa
10.4.1 Introduction
10.4.2 UAE
10.4.3 Saudi Arabia
10.4.4 South Africa
10.4.5 Others
10.5 South America
10.5.1 Introduction
10.5.2 Brazil
10.5.3 Argentina
10.5.4 Others
11. Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis
12. Company Profiles
12.1 Ballard
12.2 Ceramic Fuel Cell Ltd
12.3 Ceres
12.4 Delphi
12.5 Doosan Fuel Cell
12.6 Hydrogenics
12.7 Nedstack
12.8 Nuvera
12.9 Oorja Fuel Cell
12.10 Plug Power
12.11 SFC
12.12 Watt Fuel Cell
13. Future of the Market
14. Disclaimer
