Report overview
Fuel cell vehicle or fuel cell electric vehicle is a type of electric vehicle which uses a fuel cell, instead of a battery, or in combination with a battery or supercapacitor, to power its on-board electric motor. Fuel cells have been used in various kinds of vehicles including forklifts, especially in indoor applications where their clean emissions are important to air quality, and in space applications. Fuel cells are also being developed and tested in trucks, buses, boats, motorcycles and bicycles, among other kinds of vehicles.
This report contains market size and forecasts of Fuel Cell Vehicle in global, including the following market information:
Global Fuel Cell Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Fuel Cell Vehicle Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Fuel Cell Vehicle companies in 2021 (%)
The global Fuel Cell Vehicle market was valued at 188.6 million in 2021 and is projected to reach US$ 940.6 million by 2028, at a CAGR of 25.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Below 100 Kw Power Output Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Fuel Cell Vehicle include BYD, Tesla, Nissan, BMW, Mitsubishi, Volkswagen, Renault, BAIC and GM, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Fuel Cell Vehicle 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 Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Fuel Cell Vehicle Market Segment Percentages, by Type, 2021 (%)
Below 100 Kw Power Output
100-200 Kw Power Output
Above 200 Kw Power Output
Global Fuel Cell Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Fuel Cell Vehicle Market Segment Percentages, by Application, 2021 (%)
Home Use
Commercial Use
Global Fuel Cell Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Fuel Cell Vehicle 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 Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Fuel Cell Vehicle revenues share in global market, 2021 (%)
Key companies Fuel Cell Vehicle sales in global market, 2017-2022 (Estimated), (Units)
Key companies Fuel Cell Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BYD
Tesla
Nissan
BMW
Mitsubishi
Volkswagen
Renault
BAIC
GM
Ford
JAC
Yutong
SAIC
Zhong Tong
ZOTYE
KandI
King-long
VOLVO
Mercedes-Bez
Chery
Audi
TOYOTA
