Fuel Cell Vehicle Market Scope And Analysis

Report Code : TIPAT00002640
Category : Automotive and Transportation

Status : Published
No. of Pages : 148

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Fuel Cell Vehicle Market Analysis, Scope, and Growth by 2028

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Fuel Cell Vehicle Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 570.43 Million
Market Size by 2028	US$ 6,051.17 Million
Global CAGR (2021 - 2028)	40.1%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Electrolyte PEMFC and PAFC By Power Output Less than 100 kW 100-200 kW Above 200 kW By Vehicle Type Passenger Car Buses Trucks Light Commercial Vehicles
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Hyundai Motor Company Toyota Motor Corporation Cummins Inc General Motors AB Volvo Honda Motors Co Ltd Riversimple Hyzon Motors Daimler AG

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the fuel cell vehicle market. A few recent key market developments are listed below:

In April 2021, SAFRA Materiel Transport Public and Symbio (a subsidiary of Michelin and Faurecia) signed an agreement to manufacture 1500 hydrogen buses.
In December 2020, Toyota launched its new vehicle Mirai. The vehicle runs on a fuel cell powered by hydrogen as fuel. Toyota Mirai gets a 142.2-liter fuel tank, and the fuel cell offers a max power of 171hp and 221Nm of peak torque.