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.
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.
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1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
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
6.1.1 Auto Financing Dependence in Major Markets, like India and China
6.2.1 Expensive Compared to Other Types of Fuel
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
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
10.1.2 United States
10.2.3 United Kingdom
10.3.6 South Korea
10.4 Middle East & Africa
10.4.3 Saudi Arabia
10.4.4 South Africa
10.5 South America
11. Competitive Landscape
11.2 Market Share Analysis
12. Company Profiles
12.2 Ceramic Fuel Cell Ltd
12.5 Doosan Fuel Cell
12.9 Oorja Fuel Cell
12.10 Plug Power
12.12 Watt Fuel Cell
13. Future of the Market