Fuel Cell Electric Vehicles or Fuel Cell Vehicles is a type of vehicle which uses a fuel cell to power its on-board electric motor. Fuel cells in vehicles create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust—they emit water vapor and warm air.
This report contains market size and forecasts of Fuel Cell Electric Vehicles in global, including the following market information:
Global Fuel Cell Electric Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Fuel Cell Electric Vehicles Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Fuel Cell Electric Vehicles companies in 2021 (%)
The global Fuel Cell Electric Vehicles market was valued at 1698.8 million in 2021 and is projected to reach US$ 10470 million by 2028, at a CAGR of 29.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Passenger Vehicles Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Fuel Cell Electric Vehicles include Honda, Hyundai, Toyota Mirai, Daimler AG., Ford Motor Company, Nissan Motor Company Ltd, General Motors Co., BMW AG and PSA Peugeot Citroën, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Fuel Cell Electric Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Fuel Cell Electric Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Fuel Cell Electric Vehicles Market Segment Percentages, by Type, 2021 (%)
Passenger Vehicles
Commercial Vehicles
Global Fuel Cell Electric Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Fuel Cell Electric Vehicles Market Segment Percentages, by Application, 2021 (%)
For Public Lease
For Sales
Global Fuel Cell Electric Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Fuel Cell Electric Vehicles Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Fuel Cell Electric Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Fuel Cell Electric Vehicles revenues share in global market, 2021 (%)
Key companies Fuel Cell Electric Vehicles sales in global market, 2017-2022 (Estimated), (Units)
Key companies Fuel Cell Electric Vehicles sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Honda
Hyundai
Toyota Mirai
Daimler AG.
Ford Motor Company
Nissan Motor Company Ltd
General Motors Co.
BMW AG
PSA Peugeot Citroën
Volkswagen Group
Mitsubishi Group
Suzuki Motor Corporation
SAIC Motor Corporation Limited
Van Hool NV
Solaris Bus & Coach S.A.
VDL Bus & Coach bv
Proterra Inc.
Zhengzhou Yutong Group Co., Ltd.