Fuel Cell Powertrain Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Fuel cells are devices that generates energy by the chemical reaction within it, which is likely to witness notable growth in the coming years. This is due to the competitive advantages of the fuel cell such as eco-friendliness, enhanced efficiency, and longer life span compared to others. Cumulative applications of fuel cells in the transport sector for example in cars and buses is anticipated in the coming years.

MARKET SCOPE

The "Global Fuel cell powertrain Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fuel cell powertrain market with detailed market segmentation by component, drive type, vehicle type, power output, and geography. The report provides key statistics on the market status of the leading fuel cell powertrain market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

•   The global fuel cell powertrain market is segmented on the basis of component, drive type, vehicle type, and power output.
  
•   On the basis of component, the market is segmented as fuel cell system, battery system, drive system, hydrogen storage system, others.
  
•   Based on drive type the market is segmented as rear-wheel drive (RWD), front-wheel Drive (FWD), All-Wheel Drive (AWD).
  
•   Based on vehicle type the market is segmented as Passenger Cars, Light Commercial Vehicle (LCV), Buses, and Trucks.
  
•   Based on power output the market is segmented as less than 150 kW, 150-250 kW, more than 250kw.
  

MARKET DYNAMICS
Drivers:

•   High energy density and quick refueling of fuel cell powertrain is one of the major factors driving the growth of the fuel cell powertrain market.
  
•   Low-weight alternative for heavy-duty trucks and government initiatives for hydrogen infrastructure is anticipate to boost the growth of the fuel cell powertrain market.
  

Restraints

•   High demand for low cost plug in hybrid and battery electric vehicles..
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fuel cell powertrain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Fuel cell powertrain market in these regions.

IMPACT OF COVID-19 ON FUEL CELL POWERTRAIN MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Fuel Cell Powertrain Market Report Analysis

Fuel Cell Powertrain Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Arcola Energy Limited
• AVID Technology Limited
• Ballard Power Systems
• CONTINENTAL AG
• Cummins Inc.
• DENSO CORPORATION
• FEV
• ITM Power
• NUVERA FUEL CELLS, LLC

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Fuel Cell System
• Battery System
• Drive System
• Hydrogen Storage System

By Drive Type

• Rear-Wheel Drive
• Front-Wheel Drive
• All-Wheel Drive

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicle
• Buses
• Trucks

By Power Output

• Less Than 150 kW
• 150-250 kW
• More Than 250kW

MARKET PLAYERS

The report covers key developments in the fuel cell powertrain market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Fuel cell powertrain market market are anticipated to lucrative growth opportunities in the future with the rising demand for Fuel cell powertrain market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Fuel cell powertrain market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AVID Technology Limited
  
•   Ballard Power Systems Inc
  
•   Ceres Power
  
•   Cummins Inc.
  
•   Delphi Technologies
  
•   DENSO Corporation
  
•   FEV
  
•   ITM Power manufactures
  
•   NUVERA FUEL CELLS, LLC
  
•   Robert Bosch GmbH
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Fuel Cell Powertrain Market Report Scope