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The automotive fuel cell market is an intriguing scene of positioning strategies in each company’s quest to establish a foothold in the emerging sector of hydrogen powered vehicles. Technological innovations and R&D investments are central here and such companies concentrate on improved fuel cell technologies that provide better efficiency, longer life and lower costs. This approach helps them present their products in different ways, giving them a competitive advantage over others through having better performing fuel cell systems. In addition, market positioning is highly influenced by partnerships and collaborations. As a result alliances are being formed among car manufacturers, fuel cell makers and infrastructure developers so as to take advantage of each other’s capabilities, combine resources and speed up the production and use of fuel cell vehicles including refueling facilities.
Additionally, they intentionally focus on particular segments within the auto FC market with the objective of maximizing their share in such markets. Some go into commercial vehicles examples being trucks, buses, or fleets as their adoption potential is higher than other sectors. Other brands concentrate on personal cars that would bring consumers into accepting this type for vehicles thus making it popular among the people at large. It provides firms with room to develop methodologies depending on customer needs as well as demands for different sections thus gaining some form of competitive edge.
Furthermore setting up a robust supply chain for such important components like stacks used during FC process ,hydrogen storage systems and catalysts play a critical role in market share positioning within automobile fuel cells . Companies also have to ensure that there is stable source of these materials besides coming cheaply whenever they are needed so that it can be possible for them to grow without limitation or getting inconsistent performances during manufacturing processes. For example this approach aids businesses in meeting the soaring demand for FCEVs whilst still keeping costs low enough to remain competitive against rivals.
In addition ,market power plays within the auto FC industry depend heavily upon infrastructural growth efforts made by companies . Hence there are partnerships between companies and governments in order to set up hydrogen refueling stations thus creating a conducive environment for FCV uptake. These businesses investing on infrastructure development have the advantage of growing the hydrogen economy as well as having adequate refuelling facilities for their cars which ultimately leads to high consumer confidence with increased uptake.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increases the demand for the fuel cell as a greener alternative to the traditional cellsKey Market DynamicsThe need for greener alternative for automobile fuel can impel |
| Market Dynamics | The need for greener alternative for automobile fuel can impel |
Automotive Fuel Cell Market Highlights:
Automotive Fuel Cell Market Scenario:
The Automotive Fuel Cell market is projected to grow from USD 2658.4 Million in 2021 to USD 21873.71 Million by 2032, exhibiting a compound annual growth rate (CAGR) 34.1% during the forecast period (2023 - 2032). On the basis of the electrolyte type, the PEMFC (Proton-exchange membrane fuel cell) is preferred compared to the PAFC (Phosphoric Acid Fuel Cell). PEMFC produce near-zero emissions and thus aid in limiting the greenhouse gases substantially. PEMFC cells are lightweight, easy to install, highly portable, have a high power density, can be used in varying operating temperatures and are highly efficient. On the basis of the components, the power conditioner is widely used due to its constant power generation capacity. The fuel processor component requires constant monitoring and routine maintenance.
On the basis of the fuel type, the hydrogen-powered cells are able to generate high power, and are small in size. The methanol fuel cells comparative to the hydrogen variety are easily available, easy to transport, generate low power and involve lesser costs. On the basis of power output, the 100-200 KW variety is the most widely produced, since it gives the highest output at a given cost.
Automotive Fuel Cell Market Key Players
- Ballard Power Systems Inc. (Canada)
- ITM Power (U.K.)
- Hydrogenics (Canada)
- Plug Power (U.S.)
- Automotive Fuel Cell Cooperation (Canada)
- Ceramic Fuel Cells Ltd (Australia)
- Delphi Technologies (U.K.)
- Doosan Fuel Cell America (U.S.)
- Nedstack (The Netherlands)
- And others include Plug Power (U.S.).
Industry Developments
January 2024: Stellantis Pro One commercial vehicle lineup is going to expand beyond the current capabilities of manufacturing hydrogen fuel cell vehicles in-house by producing both mid-size and large van offers in Hordain (France) and Gliwice (Poland) respectively, thus increasing the Group’s zero-emissions offerings. The enlarged lineup and up-scaling of internal production for fuel-cell powered vans further establish Stellantis as an unquestionable leader in zero-emission propulsion for commercial vehicles across Europe.
Stellantis and its brands are using a comprehensive suite of advanced electrified propulsion, safety, ADAS and connectivity technologies to make life easy for drivers while allowing them concentrate on their business. With K9 compact vans sold under Opel/Vauxhall Vivaro e name plate produced at Mangualde (Portugal), Vigo (Spain), and Ellesmere Port (UK); K0 mid-size vans sold under Citroën ë-Jumpy name plate – at Hordain (France) and Luton (UK); large-size vans sold under Peugeot E-Expert nameplate – Atessa (Italy) and Gliwice (Poland).
The fuel cell versions of these market-leading commercial vans have been developed based on the same technology used in their electrically propelled BEV counterparts, but with some benefits, such as shorter refuelling times without affecting payload capacity. For mid-sized vans, the second-generation fuel cell system enables a class-leading range of up to 400 km along with refueling time below four minutes. Equipped with fuel cell technology, large vans can cover up to 500 km between refuellings that take just five minutes.
The following eight models will be available with in-house-built hydrogen fuel cells: Citroën ë-Jumpy and ë-Jumper, Fiat Professional E-Scudo and E-Ducato, Opel/Vauxhall Vivaro and Movano, and Peugeot E-Expert and E-Boxer.
Stellantis Pro One is one of the seven accretive businesses in the Dare Forward 2030 strategic plan. This means that Stellantifs Pro One has a target of doubling revenues, an electric vehicle mix made up of 40% battery, and hydrogen fuel cell and range extender technologies.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to drive sales of the automotive fuel cell global market, making it a continually growing market. The governments of countries such as China, Japan and Hong Kong are encouraging the use of renewable energies backed with favorable policies to restrict the ill effects of global warming. North America region is taking steps to reduce the carbon footprint due to a large number of vehicles plying on the roads. The high demand for passenger vehicles and heavy commercial vehicles increases the demand for the fuel cell as a greener alternative to the traditional cells.
The automotive fuel cell technology is an attractive proposition for automakers, which helps them manufacture high energy cells capable of powering the automobiles. The fuel cells use either hydrogen or methane as the primary energy provider. Both these elements are cleaner sources of fuel, as against the conventional lithium-ion battery cells, which cannot be recycled. The lithium-ion battery cells pose the problem of disposal, thus impacting the environment considerably.
Several factors aid the growth of the automotive fuel cell global market. Firstly, the automakers are making conscious decisions to reduce the carbon footprint to compensate the large automotive sales. Secondly, governments of developed nations are taking concrete steps to reduce the global warming by turning to cleaner and greener alternatives of fuel. Thirdly, the conventional cell technology poses a considerable threat for the physical wellbeing of the user, if not handled with care.
The report for Global Automotive Fuel Cell Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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