New Analysis from Global Industry Analysts Reveals Steady Growth for Automotive Fuel Cell Systems, with the Market to Reach 250.1 Thousand Units Worldwide by 2026

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Aug 25, 2021, 11:05 ET

SAN FRANCISCO, Aug. 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Fuel Cell Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 2563
Companies: 18 - Players covered include Ballard Power Systems, Inc.; Ceres Power Holdings PLC; Daimler AG; Honda Motor Co., Ltd.; Hydrogenics Corporation; Hyundai Motor Company; ITM Power PLC; Nedstack fuel cell technology BV; Nissan Motor Co., Ltd.; Nuvera Fuel Cells LLC; Panasonic Corporation; Plug Power Inc.; Toshiba Corporation; Toyota Motor Corporation and Others.
Coverage: All major geographies and key segments
Segments: Component (Fuel Processor, Fuel Stack, Power Conditioner); Electrolyte Type (Polymer Electronic Membrane Fuel Cell, Phosphoric Acid Fuel Cell); Vehicle Type (Passenger Car, LCV, HCV)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Automotive Fuel Cell Systems Market to Reach 250.1 Thousand Units by 2026
Amid the COVID-19 crisis, the global market for Automotive Fuel Cell Systems estimated at 13.9 Thousand Units in the year 2020, is projected to reach a revised size of 250.1 Thousand Units by 2026, growing at a CAGR of 61.3% over the analysis period. Polymer Electronic Membrane Fuel Cell, one of the segments analyzed in the report, is projected to record a 65.3% CAGR and reach 340.2 Thousand Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Phosphoric Acid Fuel Cell segment is readjusted to a revised 46.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at 6.5 Thousand Units in 2021, While China is Forecast to Reach 35.2 Thousand Units by 2026
The Automotive Fuel Cell Systems market in the U.S. is estimated at 6.5 Thousand Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 35.2 Thousand Units by the year 2026 trailing a CAGR of 57.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 55.3% and 51.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 40.6% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.