Global Fuel Cell Electric Vehicles Market Growth 2023-2029

Global Fuel Cell Electric Vehicles Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Fuel Cell Electric Vehicles Industry Forecast” looks at past sales and reviews total world Fuel Cell Electric Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Fuel Cell Electric Vehicles sales for 2023 through 2029. With Fuel Cell Electric Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fuel Cell Electric Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Fuel Cell Electric Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fuel Cell Electric Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fuel Cell Electric Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fuel Cell Electric Vehicles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fuel Cell Electric Vehicles.

The global Fuel Cell Electric Vehicles market size is projected to grow from US$ 1209.8 million in 2022 to US$ 10600 million in 2029; it is expected to grow at a CAGR of 10600 from 2023 to 2029.

Global fuel cell electric vehicles key players include Honda, Hyundai, Toyota Mirai, etc. Global top 2 manufacturers hold a share over 70%.

Asia-Pacific is the largest market, with a share over 75%, followed by North America, both have a share over 15 percent.

In terms of application, the largest application is for sales, with a share over 90%, followed by for public lease.

This report presents a comprehensive overview, market shares, and growth opportunities of Fuel Cell Electric Vehicles market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Passenger Vehicles

Commercial Vehicles

Segmentation by application

For Sales

For Public Lease

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Hyundai

Toyota

Foton

Nanjing Golden Dragon

Yutong

Feichi Bus

Zhongtong Bus

Hyzon Motors

Xiamen Golden Dragon

Yunnan Wulong

Honda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fuel Cell Electric Vehicles market?

What factors are driving Fuel Cell Electric Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fuel Cell Electric Vehicles market opportunities vary by end market size?

How does Fuel Cell Electric Vehicles break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.