Automotive Fuel Cell Industry Analysis 2018


Posted January 10, 2019 by abhi0210

The automotive fuel cell technology is an attractive proposition for automakers, which helps them manufacture high energy cells capable of powering the automobiles.

 
Automotive Fuel Cell Market 2019 Global Industry Forecast to 2023 is latest Global Automotive Fuel Cell Industry research report. Global Automotive Fuel Cell Market is segmented by Electrolyte Type (PEMFC, PAFC), by Components (Fuel Processor, Power Conditioner and Fuel Stack), by Power Output (200KW), Fuel Type (Hydrogen, Methanol), Vehicle Type.

Global Automotive Fuel Cell Industry Highlights:

The key players in automotive fuel cell market are Ballard Power Systems Inc. (Canada), ITM Power (U.K.), Hydrogenics (Canada), Plug Power (U.S.), Automotive Fuel Cell Cooperation (Canada), and Ceramic Fuel Cells Ltd (Australia). Delphi Technologies (U.K.), Doosan Fuel Cell America (U.S.), Nedstack (The Netherlands) and Plug Power (U.S.) are among others.

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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.

The automobile industry is rapidly undertaking research in the electric vehicle (EV) technology. The biggest segment in EV is the battery-operated vehicles. The advantages of the battery operated EV is low operating and maintenance cost and low carbon footprint. The drawbacks of this variety, however, are low to medium range of the automobile on a single charge, and high charging time, which ranges from 45 minutes to 2 hours. To overcome these disadvantages, the fuel cell technology is preferred. The Fuel cells can replace the internal combustion engine, require average time of 3 minutes for charging and can travel up to 500 kilometers between charging. Thus, the fuel cell technology is much more effective and efficient than conventional battery-operated vehicles and internal combustion engine operated vehicles.

Several factors aid the growth of the global automotive fuel cell 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 global automotive fuel cell market is expected to grow with a CAGR of approx. 15% (2017 to 2023).

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 global automotive fuel cell 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.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Automotive Fuel Cell Industry Size Estimation

2.4 Forecast Model

3 Automotive Fuel Cell market Dynamics

3.1 Automotive Fuel Cell market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

4.1 Introduction

4.2 Forward Collision Warning

4.3 Dynamic Brake Support

4.4 Crash Imminent Braking

Continued...

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Issued By abhi
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Business Address Market Research Future Office No. 528,
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Country India
Categories Automotive , Business , Industry
Tags Automotive Fuel Cell Industry
Last Updated January 10, 2019