The global automotive fuel cell market size is calculated at USD 10.08 billion in 2025 and is forecasted to reach around USD 234.04 billion by 2034, accelerating at a CAGR of 41.82% from 2025 to 2034. The Asia Pacific market size surpassed USD 5.26 billion in 2024 and is expanding at a CAGR of 41.92% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
Automotive Fuel Cell Market
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Automotive Fuel Cell Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Automotive Fuel Cell Market, by Type
8.1.1 PEMFC
8.1.1.1. Market Revenue and Forecast
8.1.2. PAFC
8.1.2.1. Market Revenue and Forecast
8.1.3. Others
8.1.3.1. Market Revenue and Forecast
9.1. Automotive Fuel Cell Market, by Power Rating
9.1.1. Below 100 kW
9.1.1.1. Market Revenue and Forecast
9.1.2. 100 – 200 kW
9.1.2.1. Market Revenue and Forecast
9.1.3. Above 200 kW
9.1.3.1. Market Revenue and Forecast
10.1. Automotive Fuel Cell Market, by Vehicles
10.1.1. Passenger Vehicles
10.1.1.1. Market Revenue and Forecast
10.1.2. Light Commercial Vehicles (LCVs)
10.1.2.1. Market Revenue and Forecast
10.1.3. Bus
10.1.3.1. Market Revenue and Forecast
10.1.4. Trucks
10.1.4.1. Market Revenue and Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type
11.1.2. Market Revenue and Forecast, by Power Rating
11.1.3. Market Revenue and Forecast, by Vehicles
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type
11.1.4.2. Market Revenue and Forecast, by Power Rating
11.1.4.3. Market Revenue and Forecast, by Vehicles
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type
11.1.5.2. Market Revenue and Forecast, by Power Rating
11.1.5.3. Market Revenue and Forecast, by Vehicles
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type
11.2.2. Market Revenue and Forecast, by Power Rating
11.2.3. Market Revenue and Forecast, by Vehicles
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type
11.2.4.2. Market Revenue and Forecast, by Power Rating
11.2.4.3. Market Revenue and Forecast, by Vehicles
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type
11.2.5.2. Market Revenue and Forecast, by Power Rating
11.2.5.3. Market Revenue and Forecast, by Vehicles
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type
11.2.6.2. Market Revenue and Forecast, by Power Rating
11.2.6.3. Market Revenue and Forecast, by Vehicles
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type
11.2.7.2. Market Revenue and Forecast, by Power Rating
11.2.7.3. Market Revenue and Forecast, by Vehicles
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type
11.3.2. Market Revenue and Forecast, by Power Rating
11.3.3. Market Revenue and Forecast, by Vehicles
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type
11.3.4.2. Market Revenue and Forecast, by Power Rating
11.3.4.3. Market Revenue and Forecast, by Vehicles
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type
11.3.5.2. Market Revenue and Forecast, by Power Rating
11.3.5.3. Market Revenue and Forecast, by Vehicles
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type
11.3.6.2. Market Revenue and Forecast, by Power Rating
11.3.6.3. Market Revenue and Forecast, by Vehicles
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type
11.3.7.2. Market Revenue and Forecast, by Power Rating
11.3.7.3. Market Revenue and Forecast, by Vehicles
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type
11.4.2. Market Revenue and Forecast, by Power Rating
11.4.3. Market Revenue and Forecast, by Vehicles
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type
11.4.4.2. Market Revenue and Forecast, by Power Rating
11.4.4.3. Market Revenue and Forecast, by Vehicles
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type
11.4.5.2. Market Revenue and Forecast, by Power Rating
11.4.5.3. Market Revenue and Forecast, by Vehicles
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type
11.4.6.2. Market Revenue and Forecast, by Power Rating
11.4.6.3. Market Revenue and Forecast, by Vehicles
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type
11.4.7.2. Market Revenue and Forecast, by Power Rating
11.4.7.3. Market Revenue and Forecast, by Vehicles
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type
11.5.2. Market Revenue and Forecast, by Power Rating
11.5.3. Market Revenue and Forecast, by Vehicles
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type
11.5.4.2. Market Revenue and Forecast, by Power Rating
11.5.4.3. Market Revenue and Forecast, by Vehicles
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type
11.5.5.2. Market Revenue and Forecast, by Power Rating
11.5.5.3. Market Revenue and Forecast, by Vehicles
12.1. Ballard Power Systems
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Plug Power
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hydrogenics
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hyundai Motor Company
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Nuvera Fuel Cells, LLC
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. PowerCell Sweden AB
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Horizon Fuel Cell Technologies
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nedstack Fuel Cell Technology
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. AVL
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. ElringKlinger
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
Plan your call and get expert insights!
Schedule a Meeting
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Report Description
Get a Sample