North America automotive fuel cell market is projected to grow by 31.4% annually in the forecast period and reach $3,745.7 million by 2031, driven by the increasing demand for zero-emission vehicles and government subsidies as tax benefits to promote fuel cell vehicles, the growing concerns for environmental pollution, the quick fuel fill-up time compared to battery-based electric vehicles, and advanced technologies to improve the vehicle efficacy.
Highlighted with 25 tables and 52 figures, this 112-page report "North America Automotive Fuel Cell Market 2021-2031 by Electrolyte Type (PEMFC, DMFC, AFC, PAFC, Others), Component (Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, LCV, Buses, Trucks, Others), Fuel Type (Hydrogen, Methanol), Power Output (<150 KW, 150-250 KW, >250 KW), Operating Miles (Below 250 Miles, 250-500 Miles, Above 500 Miles), and Country: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire North America automotive fuel cell market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America automotive fuel cell market in every aspect of the classification from perspectives of Electrolyte Type, Component, Vehicle Type, Fuel Type, Power Output, Operating Miles, and Country.
Based on Electrolyte Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Proton-Exchange Membrane Fuel Cell (PEMFC)
• Direct Methanol Fuel Cell (DMFC)
• Alkaline Fuel Cell (AFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Other Electrolyte Types
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Fuel Stack
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier
By Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses
• Trucks
• Other Commercial Vehicles
By Fuel Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Hydrogen
• Methanol
By Power Output, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• < 150 KW
• 150-250 KW
• >250 KW
By Operating Miles, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Below 250 Miles
• 250-500 Miles
• Above 500 Miles
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Electrolyte Type, Vehicle Type and Operating Miles over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Ballard Power Systems Inc.
BorgWarner Inc.
Ceres Power Holdings PLC
Cummins Inc.
Doosan Fuel Cell Co., Ltd.
Elringklinger AG
Horizon Fuel Cell Technologies Pte. Ltd.
Hydrogenics Corporation
Intelligent Energy Limited
ITM Power PLC
Nedstack Fuel Cell Technology BV
Nuvera Fuel Cells LLC
Oorja Corporation
Plug Power Inc.
PowerCell Sweden AB
Proton Motor Fuel Cell GmbH
SFC Energy AG
Watt Fuel Cell Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter's Fiver Forces Analysis 39
3 Segmentation of North America Market by Electrolyte Type 43
3.1 Market Overview by Electrolyte Type 43
3.2 Proton-Exchange Membrane Fuel Cell (PEMFC) 45
3.3 Direct Methanol Fuel Cell (DMFC) 46
3.4 Alkaline Fuel Cell (AFC) 47
3.5 Phosphoric Acid Fuel Cell (PAFC) 48
3.6 Other Electrolyte Types 49
4 Segmentation of North America Market by Component 50
4.1 Market Overview by Component 50
4.2 Fuel Stack 52
4.3 Fuel Processor 53
4.4 Power Conditioner 54
4.5 Air Compressor 55
4.6 Humidifier 56
5 Segmentation of North America Market by Vehicle Type 57
5.1 Market Overview by Vehicle Type 57
5.2 Passenger Cars 59
5.3 Light Commercial Vehicles (LCV) 61
5.4 Buses 62
5.5 Trucks 63
5.6 Other Commercial Vehicles 64
6 Segmentation of North America Market by Fuel Type 65
6.1 Market Overview by Fuel Type 65
6.2 Hydrogen 67
6.3 Methanol 68
7 Segmentation of North America Market by Power Output 69
7.1 Market Overview by Power Output 69
7.2 < 150 KW 71
7.3 150-250 KW 72
7.4 > 250 KW 73
8 Segmentation of North America Market by Operating Miles 74
8.1 Market Overview by Operating Miles 74
8.2 Below 250 Miles 76
8.3 250-500 Miles 77
8.4 Above 500 Miles 78
9 North America Market 2021-2031 by Country 79
9.1 Overview of North America Market 79
9.2 U.S. 82
9.3 Canada 85
9.4 Mexico 87
10 Competitive Landscape 89
10.1 Overview of Key Vendors 89
10.2 New Product Launch, Partnership, Investment, and M&A 92
10.3 Company Profiles 93
Ballard Power Systems Inc. 93
BorgWarner Inc. 95
Ceres Power Holdings PLC 96
Cummins Inc. 97
Doosan Fuel Cell Co., Ltd. 98
Elringklinger AG 99
Horizon Fuel Cell Technologies Pte. Ltd. 100
Hydrogenics Corporation 101
Intelligent Energy Limited 102
ITM Power PLC 103
Nedstack Fuel Cell Technology BV 104
Nuvera Fuel Cells LLC 105
Oorja Corporation 106
Plug Power Inc. 107
PowerCell Sweden AB 108
Proton Motor Fuel Cell GmbH 109
SFC Energy AG 110
Watt Fuel Cell Corporation 111
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