세계의 연료전지 파워트레인 시장 규모, 점유율, 성장 분석 : 부품별, 차량 유형별, 구동 유형별, 출력별, H2 연료 스테이션별, 지역별 - 산업 예측(2024-2031년)

Global Fuel Cell Powertrain Market size was valued at USD 343 million in 2022 and is poised to grow from USD 559 million in 2023 to USD 28014.3 million by 2031, growing at a CAGR of 63.3% during the forecast period (2024-2031).

The fuel cell powertrain market is experiencing significant growth, driven primarily by the rising sales of fuel cell electric vehicles (FCEVs), which offer a cleaner alternative to traditional internal combustion engines by converting hydrogen fuel into electricity without harmful emissions. Applications for fuel cells span various sectors, including transportation, emergency backup power, and material handling, highlighting their versatility and environmental benefits. According to the U.S. Department of Energy, fuel cell powertrains also enhance energy security, making them a more appealing choice for energy systems. However, the COVID-19 pandemic had a notable impact on the market, as lockdown measures led to temporary halts in production for several original equipment manufacturers (OEMs) in the first quarter of 2020. Although production resumed in the second quarter, it was at reduced capacity, resulting in decreased vehicle output and demand, which in turn caused a significant drop in demand for fuel cell powertrains (FCPs). This decline is expected to hinder investment in research and development initiatives in the short to mid-term. The pandemic's aftermath has emphasized a shift towards commercial vehicle applications, like light and heavy commercial vehicles, but overall, the reduced interest in innovative fuel cell technologies and the consequent decrease in production capacity underscore the challenges faced by the market as it strives to rebound from the pandemic's effects.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Fuel Cell Powertrain market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Fuel Cell Powertrain Market Segmental Analysis

Global Fuel Cell Powertrain Market is segmented by Component, Vehicle Type, Drive Type, Power Output, H2 fuel station and region. Based on component, the market is segmented into Fuel Cell System, Drive System, Battery System, Hydrogen Storage System, Gearbox. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Trucks, Buses. Based on Drive Type, the market is segmented into Rear Wheel Drive (RWD), Front Wheel Drive (FWD), All-Wheel Drive (AWD). Based on Power Output, the market is segmented into Less than 150 KW, 150-250 KW and More than 250 KW. Based on H2 fuel station, the market is segmented into Asia Oceania, Europe, North America. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Fuel Cell Powertrain Market

The expanding awareness among the public about greenhouse gas emissions represents a significant driver for the global fuel cell powertrain market. As individuals become increasingly conscious of air pollution and its environmental impacts, the demand for cleaner energy solutions rises correspondingly. This heightened environmental concern is expected to catalyze market growth throughout the forecast period, particularly as the adoption of Fuel Cell Electric Vehicles (FCEVs) increases alongside advancements in automotive technology. Consequently, the fuel cell powertrain market stands to benefit from this growing trend toward sustainable transportation options, paving the way for enhanced market opportunities.

Restraints in the Global Fuel Cell Powertrain Market

The Global Fuel Cell Powertrain market is likely to encounter several restraints that may impede its growth. The high flammability of hydrogen and the inherent challenges in detecting hydrogen leaks pose significant safety concerns, which could deter investment and adoption. Furthermore, the increasing popularity of Battery Electric Vehicles (BEVs) and Hybrid Electric Vehicles (HEVs) creates stiff competition, while the insufficient infrastructure to support fuel cell vehicles limits their market penetration. Additionally, the repercussions of the COVID-19 pandemic on global automotive supply chains and production capabilities are expected to further diminish demand for fuel cell powertrains in the foreseeable future.

Market Trends of the Global Fuel Cell Powertrain Market

The Global Fuel Cell Powertrain market is witnessing a significant upward trend as heightened awareness of environmental concerns, including climate change and deteriorating air quality, propels demand for clean energy solutions. The rapid expansion of the transportation sector, coupled with an over-reliance on fossil fuels, has intensified the focus on sustainable alternatives. Fuel cell technology, which emits zero pollutants, presents a compelling solution for reducing greenhouse gas emissions. This shift towards decarbonization is further supported by governmental initiatives and investments in hydrogen infrastructure, amplifying the fuel cell powertrain adoption across various applications, including automotive and public transport.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Case Study Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Startup Analysis
• Market Attractiveness Index
• Pricing Analysis

Global Fuel Cell Powertrain Market Size by Component & CAGR (2024-2031)

• Market Overview
• Fuel Cell System
• Drive System
• Battery System
• Hydrogen Storage System
• Gearbox
• Others

Global Fuel Cell Powertrain Market Size by Vehicle Type & CAGR (2024-2031)

• Market Overview
• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses

Global Fuel Cell Powertrain Market Size by Drive Type & CAGR (2024-2031)

• Market Overview
• Rear Wheel Drive (RWD)
• Front Wheel Drive (FWD)
• All-Wheel Drive (AWD)

Global Fuel Cell Powertrain Market Size by Power Output & CAGR (2024-2031)

• Market Overview
• Less than 150 KW
• 150-250 KW
• More than 250 KW

Global Fuel Cell Powertrain Market Size by H2 fuel station & CAGR (2024-2031)

• Market Overview
• Asia Oceania
• Europe
• North America

Global Fuel Cell Powertrain Market Size & CAGR (2024-2031)

• North America, (Component, Vehicle Type, Drive Type, Power Output, H2 fuel station)
  • US
  • Canada
• Europe, (Component, Vehicle Type, Drive Type, Power Output, H2 fuel station)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Component, Vehicle Type, Drive Type, Power Output, H2 fuel station)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Component, Vehicle Type, Drive Type, Power Output, H2 fuel station)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Component, Vehicle Type, Drive Type, Power Output, H2 fuel station)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Hyundai Motor Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toyota Motor Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honda Motor Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ballard Power Systems
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cummins Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Motors (GM)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nikola Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Robert Bosch GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ceres Power
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Plug Power Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Weichai Power
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DENSO Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Daimler AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BMW Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Renault Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FEV Group GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FCP Fuel Cell Powertrain GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ITM Power
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nel ASA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hexagon Purus
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation