Global Fuel Cell Powertrain Market

Global Fuel Cell Powertrain Market Share, Trends and Analysis with COVID-19 Impact-Forecasts 2026 By Power Output ( <150 KW,150-250 KW,>250), By Vehicle Type (Passenger cars, LCV, Trucks, Buses), By Drive Type (Front Wheel Drive, Rear Wheel Drive, All wheel drive), by component(fuel cell system, Battery System, Drive system, Hydrogen Storage System), By Region (North America, Asia-pacific, Middle East and Africa and Europe and others), End-User Landscape and Company Market Share Analysis and Competitor Analysis

Category Energy & Power

Format

This report was recently updated on April 11 2024 with the latest and most recent market numbers

Fuel Cell Powertrain Market Insights

The fuel cell powertrain market is projected to grow at a high CAGR during the forecast period. Fuel cell vehicles in simpler terms run on electricity drawn from hydrogen rather than battery. Electrical vehicles are efficient, produces no carbon emissions, and are comfortable for long-distance as well. Such electric systems are designed to be economical and environment friendly. In the coming years, fuel driving energy sources from hydrogen can power not only cars and vehicles but also trains, aircraft, and ships. Hydrogen gas is safe to use in cars and other automotive vehicles. Growing government initiatives for hydrogen infrastructure across the globe is also driving the market growth for fuel cell powertrain.

Fuel Cell Powertrain Market: By Power Output

Based on the power output, the market is bifurcated into <150 KW,150-250 KW, and >250. The 150-250KW segment will be the faster-growing segment in comparison to the <150 KW segment during the forecast period. They are designed for heavy-duty fuel cell vehicles, suitable for streetcars, light rail, logistics handling, and off-road applications among others.

Fuel Cell Powertrain Market: By Vehicle Type

Based on vehicle type, the market is bifurcated into passenger cars, LCV, trucks, and buses. The LCV vehicle type will be the faster-growing segment in the global fuel cell powertrain market during the forecast period. Light commercial vehicles offer the advantage of reasonable road tax, is environment friendly, and enables low- cost movement of goods. LCV using hydrogen fuel cells would have 3 times more energy. The trucks segment would also grow rapidly during the forecast period. The heavy-duty fuel cells emit no harmful gases, refueling times are balanced, and also there is an increase in the truck’s range capabilities which in turn is propelling the market growth.

Fuel Cell Powertrain Market: By Component

Based on the component, the market can be analyzed into the fuel cell system, battery system, drive system, and hydrogen storage system. The fuel cell system will hold the largest market share during the forecast period. Fuel cells have varied applications either in transportation or material handling. Their high demand is due to their higher operating efficiencies, emission of no carbon dioxide, and the ability to convert chemical energy to electrical energy in the fuel.

Fuel Cell Powertrain Market: By Drive Type

Based on the drive type, the market can be split into the front-wheel drive, rear-wheel drive, all-wheel drive. The front-wheel-drive will be the fastest-growing segment as compared to the rear-wheel-drive because it drops down production costs, leads to a reduction in weight enhances the fuel economy. They are simple in functioning and driving and improves traction.

Fuel Cell Powertrain Market: By Region

Based on the region, the market is bifurcated into North America, Asia-Pacific, the Middle East and Africa, Europe, and CSA. Asia-Pacific is expected to lead the market for fuel cells during the forecast period. Increasing the launch of new projects in the region, expansion of infrastructure capabilities, and opening of the market to foreign candidates are factors driving the market growth in the region. European region will also generate high revenue in this market due to a rise in the number of buses operating on hydrogen fuel cells, refueling station, and an increase in shift from the testing of hydrogen fuel cell vehicles to their commercial production.

Fuel Cell Powertrain Market Share and Competitor Analysis

Some of the major players operating in the market include Trans Energetics, Hamex fuel cell Private Limited, Technopal Global, Nedstack, Plug Power Inc, Power Cell AB, Nuvera fuel cells, Ballard Power Systems, Bloom energy, SFC energy, ACAL, Acumentrics, Altergy Systems, Ceres Power, and DMFCC among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In October 2019, Proton Motors launched the fuel cell manufacturing plant to address energy solution and climate change issues

Check the Press Release on Global Fuel Cell Powertrain Market Report

Fuel Cell Powertrain Market: By Component

Introduction
1. Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
Fuel Cell System
1. Fuel Cell System: Fuel Cell Powertrain Market, 2018-2026 (USD Million
Battery System
1. Battery System: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Drive System
1. Drive System: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Hydrogen Storage System
1. Hydrogen Storage System: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Others
1. Others: Fuel Cell Powertrain Market, 2018-2026 (USD Million)

Fuel Cell Powertrain Market: By Drive Type

Introduction
1. Fuel Cell Powertrain Market, By Drive Type Type, 2018-2026 (USD Million)
Rear-Wheel Drive (RWD)
1. Rear-Wheel Drive (RWD): Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Front-Wheel Drive (FWD)
1. Front-Wheel Drive (FWD): Fuel Cell Powertrain Market, 2018-2026 (USD Million)
All-Wheel Drive (AWD)
1. All-Wheel Drive (AWD): Fuel Cell Powertrain Market, 2018-2026 (USD Million)

Fuel Cell Powertrain Market: By Vehicle Type

Introduction
1. Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
Passenger Cars
1. Passenger Cars: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Light Commercial Vehicle (LCV)
1. Light Commercial Vehicle (LCV): Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Buses
1. Buses: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Trucks
1. Trucks: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
Others
1. Others: Fuel Cell Powertrain Market, 2018-2026 (USD Million)

Fuel Cell Powertrain Market: By Power Output

On the basis of end use, the global Fuel Cell Powertrain market is segmented into <150 kW, and 150-250 kW among others. The report contains quantitative insights about the following:

Introduction
1. Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
<150 kW
1. <150 kW: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
150-250 kW
1. 150-250 kW: Fuel Cell Powertrain Market, 2018-2026 (USD Million)
>250kW
1. >250kW: Fuel Cell Powertrain Market, 2018-2026 (USD Million)

Fuel Cell Powertrain Market: By Region

Introduction
1. Global Fuel Cell Powertrain Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Fuel Cell Powertrain Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. North America Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
  2. By Drive Type
    1. North America Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. North America Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Power Output
    1. North America Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Component
        
        U.S. Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        U.S. Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        U.S. Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        U.S. Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    2. Canada.
      1. By Component
        
        Canada Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Canada Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Canada Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Canada Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    3. Mexico
      1. By Component
        
        Mexico Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Mexico Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Mexico Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Mexico Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
Europe
1. Europe Fuel Cell Powertrain Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Europe Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
  2. By Drive Type
    1. Europe Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Europe Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Power Output
    1. Europe Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Component
        
        Germany Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Germany Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Germany Fuel Cell Powertrain Market, By Vertcal, 2018-2026 (USD Million)
      4. By Power Output
        
        Germany Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    2. UK
      1. By Component
        
        UK Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        UK Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        UK Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        UK Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    3. France
      1. By Component
        
        France Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        France Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        France Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        France Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    4. Italy
      1. By Component
        
        Italy Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Italy Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Italy Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Italy Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    5. Spain
      1. By Component
        
        Spain Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Spain Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Spain Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Spain Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    6. Belgium
      1. By Component
        
        Belgium Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Belgium Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Belgium Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Belgium Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    7. Rest Of Europe
      1. By Component
        
        Rest Of Europe Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Rest Of Europe Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Rest Of Europe Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Rest Of Europe Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Fuel Cell Powertrain Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Asia Pacific Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
  2. By Drive Type
    1. Asia Pacific Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Asia Pacific Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Power Output
    1. Asia Pacific Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
  5. By Country
    1. China
      1. By Component
        
        China Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        China Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        China Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        China Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    2. Japan
      1. By Component
        
        Japan Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Japan Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Japan Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Japan Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    3. India
      1. By Component
        
        India Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        India Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        India Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        India Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    4. South Korea
      1. By Component
        
        South Korea Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        South Korea Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        South Korea Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        South Korea Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    5. Rest Of Apac
      1. By Component
        
        Rest Of Apac, Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Rest Of Apac Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Rest Of Apac Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Rest Of Apac Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
Central & South America
1. Central & South America Fuel Cell Powertrain Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Component
    1. Central & South America Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
  2. By Drive Type
    1. Central & South America Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
  3. By Vehicle Type
    1. Central & South America Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
  4. By Power Output
    1. Central & South America Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Component
        
        Brazil Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
      2. By Drive Type
        
        Brazil Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
      3. By Vehicle Type
        
        Brazil Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
      4. By Power Output
        
        Brazil Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
2. Middle East & Africa
  1. Middle East & Africa Fuel Cell Powertrain Market, Regional Analysis, 2018-2026 (USD Million)
    1. By Component
      1. Middle East & Africa Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
    2. By Drive Type
      1. Middle East & Africa Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
    3. By Vehicle Type
      1. Middle East & Africa Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
    4. By Power Output
      1. Middle East & Africa Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
    5. By Country
      1. Saudi Arabia
        
        By Component
        
        Saudi Arabia Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
        
        By Drive Type
        
        Saudi Arabia Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
        
        By Vehicle Type
        
        Saudi Arabia Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
        
        By Power Output
        
        Saudi Arabia Fuel Cell Powertrain Market, By Power Output, 2018-2026 (USD Million)
      2. UAE
        
        By Component
        
        UAE Fuel Cell Powertrain Market, By Component, 2018-2026 (USD Million)
        
        By Drive Type
        
        UAE Fuel Cell Powertrain Market, By Drive Type, 2018-2026 (USD Million)
        
        By Vehicle Type
        
        UAE Fuel Cell Powertrain Market, By Vehicle Type, 2018-2026 (USD Million)
        
        By Power Output
        
        UAE Fuel Cell Powertrain Market, By Power Output, 2018-2026(USD Million

The global Fuel Cell Powertrain market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Fuel Cell Powertrain market.

Fuel Cell Powertrain Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Fuel Cell Powertrain Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Fuel Cell Powertrain Market