According to a market report by Lucintel, the future of the global automotive fuel cell market looks promising with opportunities in the fuel processor, fuel stack, and power condition markets. The global automotive fuel cell market is expected to reach an estimated $20 billion by 2030 from $4 billion in 2023 at a CAGR of 24.5% from 2023 to 2030. The major drivers for this market are increasing demand for zero-emission vehicles, rising government subsidies as tax benefits to promote fuel cell vehicles, and growing concerns for environmental pollution.

A more than 150-page report to understand trends, opportunity and forecast in automotive fuel cell market to 2030 by power output type (<100 kw, 100–200 kw, and >200 kw), component type (fuel processor , fuel stack, and power condition), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that <100 kw will remain the largest segment over the forecast period due to growth in demand for fuel cell operated personal vehicles.

Within this market, fuel stack is expected to witness the highest growth.

Download sample by clicking on automotive fuel cell market.

Ballard Power Systems, Plug Power, Hydrogenics, Hyundai Motor Company, and Nuvera Fuel Cells, LLC are the major suppliers in the automotive fuel cell market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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