Fuel Cell Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Japan, South Korea, China, Germany - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 167

SKU: IRTNTR45634

Snapshot

Fuel Cells Market for Automotive Industry 2023-2027

The fuel cells market for automotive industry market is valued at USD 0.82 billion as on 2017, is anticipated to be valued at USD 6.32 billion in 2027 and grow at a CAGR of 26.7% during the forecast period.

Analysis Period	2017-2027
Market Size (2017) Historic Year	USD 0.82 billion
Market Size (2027) - Forecasted Year	USD 6.32 billion
Historic Opportunity (2017-2021)	USD 0.66 billion
Historic CAGR	15.86%
Forecasted Opportunity (2023-2027)	USD 4.38 billion
Market Opportunity Transformation Growth	671.69%
Market Opportunity Capitalization	USD 5.04 billion

This fuel cells market for automotive industry report extensively covers market segmentation by fuel type (hydrogen and methanol), application (light-duty vehicles, heavy-duty vehicles, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Fuel Cell Market Analysis and Forecasting

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Fuel Cells Market For Automotive Industry: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Fuel Cells Market For Automotive Industry Driver

The advantage of hydrogen fuel cell vehicles is the key factor driving the growth of the fuel cells market size. Globally, there is growing interest in reducing greenhouse gas emissions, of which the transportation sector makes a significant contribution, leading governments around the world to impose strict regulations. Fuel cell vehicles are more efficient than gasoline vehicles because hydrogen is the main source of energy and in the process of releasing energy it only releases water vapor and carbon dioxide, hot air into the atmosphere from the exhaust pipe.

Moreover, fuel cell electric vehicles offer benefits similar to those associated with using an electric vehicle in terms of range and emissions control without sacrificing the convenience of easy refueling. The advantages of fuel cell vehicles over conventional internal combustion engines and electric vehicles have driven the adoption and development of these vehicles, which is expected to drive the growth of the market during the forecast period.

Key Fuel Cells Market For Automotive Industry Trends

An increase in R&D investment and activities is the primary trend shaping the growth of the fuel cells market growth. Fuel cell companies are investing heavily in R&D, which is leading to a reduction in the size of components, such as fuel cells and tanks, making them suitable for compact spaces. A number of universities and government agencies as well as industry stakeholders participate in research and demonstration projects to introduce new technologies to industry.

Over the years, demonstration projects, field trials, and R&D activities have helped reduce fuel cell costs, with suppliers using various low-cost metals to reduce fuel cell costs. Fuel cell suppliers are working to find alternatives to platinum. Additionally, innovative concepts help to improve efficiency and reduce the costs of hydrogen vehicle refueling facilities, thereby driving the growth of the market during the forecast period.

Key Fuel Cells Market For Automotive Industry Challenge

The high cost of installation of fuel cells is a challenge that affects the growth of the market. The cost of installing a hydrogen gas station at an existing gas station is nearly USD 0.8 million, while the cost of building a new hydrogen gas station is estimated to be nearly three times the cost of installing a hydrogen gas station. High construction costs give electric vehicle charging stations a competitive advantage. Additionally, the construction of electric vehicle charging stations is subsidized by the government in most countries.

Additionally, without government support, building FCEV refueling stations remains a major challenge because the costs of creating entirely new hydrogen production and distribution infrastructure are enormous. For natural gas stations, the main product is readily available, while electric charging facilities are growing rapidly. Therefore, this will impede the growth of the market during the forecast period.

Fuel Cells Market For Automotive Industry Customer Landscape

The fuel cell market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Fuel Cells Market for Automotive Industry Market Customer Landscape

Who are the Major Fuel Cells Market for Automotive Industry Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

BorgWarner Inc.: The company offers fuel cell air supply features innovative technologies for fuel cell vehicles.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Fuel Cells Market For Automotive Industry?

The hydrogen segment is estimated to witness significant growth during the forecast period. Hydrogen fuel cells generate electricity through an electrochemical process that merges hydrogen and oxygen to create water and release energy. This energy is used to power the electric motor that drives the vehicle. Hydrogen fuel cell adoption has risen in recent times due to benefits such as zero emissions, fast refueling, long-range, and reduced dependence.

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The hydrogen segment was the largest segment and was valued at USD 537.87 million in 2017. Automakers such as Toyota, Honda, Hyundai, and Mercedes-Benz have raised hydrogen fuel cell vehicles into the auto market, but they are often offered in limited quantities and in specific regions. Commercial vehicles such as buses and trucks are also being researched to incorporate hydrogen fuel cells. Integration of hydrogen fuel cells in commercial and non-commercial applications is expected to drive the growth of the global automotive fuel cell system market during the forecast period.

Which are the Key Regions for the Fuel Cells Market For Automotive Industry?

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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The automotive fuel cell market in APAC is expected to witness steady growth driven by the need to reduce energy consumption in the transportation sector. Countries such as Japan, China, and India in the APAC region are working to develop emissions regulations that meet European standards.

Furthermore, Japan is promoting fuel cell vehicle adoption in the region through capital subsidies and domestic fuel cell vehicle promotion targets. Besides Japan, efforts to deploy fuel cells in the automotive sector are also growing in countries such as China and India, which have the potential to become the world's largest fuel cell markets. Thus, such factors will drive the growth of the automotive fuel cell system market during the forecast period.

In 2020, the outbreak of the COVID-19 pandemic negatively affected the automotive fuel cell system market in APAC. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of activities in manufacturing industries. Moreover, the reduced production of combustion engines, South Korea's resumption of production of fuel cells, and planned projects related to hydrogen mobility are expected to drive the growth of the market in the region during the forecast period.

Segment Overview

The fuel cells market for automotive industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Fuel Type Outlook (USD Million, 2017 - 2027)
- Hydrogen
- Methanol

Application Outlook (USD Million, 2017 - 2027)
- Light-duty vehicles
- Heavy-duty vehicles
- Others

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Fuel Cells Market Scope For Automotive Industry
Report Coverage	Details
Page number	167
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 26.7%
Market growth 2023-2027	USD 4,382.26 million
Market structure	Fragmented
YoY growth 2022-2023(%)	25.55
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 44%
Key countries	US, Japan, South Korea, China, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Acumentrics Inc, Ballard Power Systems Inc., BorgWarner Inc., Ceres Power Holdings plc, Cummins Inc., Daimler AG, ElringKlinger AG, Hyster Yale Materials Handling Inc., Hyundai Motor Co., Intelligent Energy Ltd., ITM Power plc, Nedstack Fuel Cell Technology BV, Nel ASA, PRAGMA INDUSTRIES, Proton Motor Fuel Cell GmbH, The Symbio SAS, TW Horizon Fuel Cell Technologies, Valmet Automotive Group, W. L. Gore and Associates Inc., and PowerCell Sweden AB
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fuel Cells Market For Automotive Industry Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, North America, Europe, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Fuel Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global fuel cells market for automotive industry 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global fuel cells market for automotive industry 2017 - 2021 ($ million)

4.2 Fuel type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Fuel type Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Fuel Type

6.1 Market segments
- Exhibit 30: Chart on Fuel Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Fuel Type - Market share 2022-2027 (%)

6.2 Comparison by Fuel Type
- Exhibit 32: Chart on Comparison by Fuel Type
- Exhibit 33: Data Table on Comparison by Fuel Type

6.3 Hydrogen - Market size and forecast 2022-2027
- Exhibit 34: Chart on Hydrogen - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Hydrogen - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Hydrogen - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Hydrogen - Year-over-year growth 2022-2027 (%)

6.4 Methanol - Market size and forecast 2022-2027
- Exhibit 38: Chart on Methanol - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Methanol - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Methanol - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Methanol - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Fuel Type
- Exhibit 42: Market opportunity by Fuel Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Fuel Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 44: Chart on Application - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 46: Chart on Comparison by Application
- Exhibit 47: Data Table on Comparison by Application

7.3 Light-duty vehicles - Market size and forecast 2022-2027
- Exhibit 48: Chart on Light-duty vehicles - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Light-duty vehicles - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Light-duty vehicles - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Light-duty vehicles - Year-over-year growth 2022-2027 (%)

7.4 Heavy-duty vehicles - Market size and forecast 2022-2027
- Exhibit 52: Chart on Heavy-duty vehicles - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Heavy-duty vehicles - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Heavy-duty vehicles - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Heavy-duty vehicles - Year-over-year growth 2022-2027 (%)

7.5 Others - Market size and forecast 2022-2027
- Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Application
- Exhibit 60: Market opportunity by Application ($ million)
- Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Japan - Market size and forecast 2022-2027
- Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.10 South Korea - Market size and forecast 2022-2027
- Exhibit 95: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on South Korea - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Acumentrics Inc
- Exhibit 115: Acumentrics Inc - Overview
- Exhibit 116: Acumentrics Inc - Product / Service
- Exhibit 117: Acumentrics Inc - Key offerings

12.4 Ballard Power Systems Inc.
- Exhibit 118: Ballard Power Systems Inc. - Overview
- Exhibit 119: Ballard Power Systems Inc. - Product / Service
- Exhibit 120: Ballard Power Systems Inc. - Key news
- Exhibit 121: Ballard Power Systems Inc. - Key offerings

12.5 BorgWarner Inc.
- Exhibit 122: BorgWarner Inc. - Overview
- Exhibit 123: BorgWarner Inc. - Business segments
- Exhibit 124: BorgWarner Inc. - Key news
- Exhibit 125: BorgWarner Inc. - Key offerings
- Exhibit 126: BorgWarner Inc. - Segment focus

12.6 Ceres Power Holdings plc
- Exhibit 127: Ceres Power Holdings plc - Overview
- Exhibit 128: Ceres Power Holdings plc - Business segments
- Exhibit 129: Ceres Power Holdings plc - Key news
- Exhibit 130: Ceres Power Holdings plc - Key offerings
- Exhibit 131: Ceres Power Holdings plc - Segment focus

12.7 Cummins Inc.
- Exhibit 132: Cummins Inc. - Overview
- Exhibit 133: Cummins Inc. - Business segments
- Exhibit 134: Cummins Inc. - Key offerings
- Exhibit 135: Cummins Inc. - Segment focus

12.8 ElringKlinger AG
- Exhibit 136: ElringKlinger AG - Overview
- Exhibit 137: ElringKlinger AG - Business segments
- Exhibit 138: ElringKlinger AG - Key offerings
- Exhibit 139: ElringKlinger AG - Segment focus

12.9 Hyster Yale Materials Handling Inc.
- Exhibit 140: Hyster Yale Materials Handling Inc. - Overview
- Exhibit 141: Hyster Yale Materials Handling Inc. - Business segments
- Exhibit 142: Hyster Yale Materials Handling Inc. - Key offerings
- Exhibit 143: Hyster Yale Materials Handling Inc. - Segment focus

12.10 Hyundai Motor Co.
- Exhibit 144: Hyundai Motor Co. - Overview
- Exhibit 145: Hyundai Motor Co. - Business segments
- Exhibit 146: Hyundai Motor Co. - Key news
- Exhibit 147: Hyundai Motor Co. - Key offerings
- Exhibit 148: Hyundai Motor Co. - Segment focus

12.11 Intelligent Energy Ltd.
- Exhibit 149: Intelligent Energy Ltd. - Overview
- Exhibit 150: Intelligent Energy Ltd. - Product / Service
- Exhibit 151: Intelligent Energy Ltd. - Key offerings

12.12 ITM Power plc
- Exhibit 152: ITM Power plc - Overview
- Exhibit 153: ITM Power plc - Product / Service
- Exhibit 154: ITM Power plc - Key offerings

12.13 Nedstack Fuel Cell Technology BV
- Exhibit 155: Nedstack Fuel Cell Technology BV - Overview
- Exhibit 156: Nedstack Fuel Cell Technology BV - Product / Service
- Exhibit 157: Nedstack Fuel Cell Technology BV - Key offerings

12.14 PowerCell Sweden AB
- Exhibit 158: PowerCell Sweden AB - Overview
- Exhibit 159: PowerCell Sweden AB - Product / Service
- Exhibit 160: PowerCell Sweden AB - Key offerings

12.15 Proton Motor Fuel Cell GmbH
- Exhibit 161: Proton Motor Fuel Cell GmbH - Overview
- Exhibit 162: Proton Motor Fuel Cell GmbH - Product / Service
- Exhibit 163: Proton Motor Fuel Cell GmbH - Key offerings

12.16 TW Horizon Fuel Cell Technologies
- Exhibit 164: TW Horizon Fuel Cell Technologies - Overview
- Exhibit 165: TW Horizon Fuel Cell Technologies - Product / Service
- Exhibit 166: TW Horizon Fuel Cell Technologies - Key offerings

12.17 W. L. Gore and Associates Inc.
- Exhibit 167: W. L. Gore and Associates Inc. - Overview
- Exhibit 168: W. L. Gore and Associates Inc. - Product / Service
- Exhibit 169: W. L. Gore and Associates Inc. - Key news
- Exhibit 170: W. L. Gore and Associates Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 171: Inclusions checklist
- Exhibit 172: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 173: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 174: Research methodology
- Exhibit 175: Validation techniques employed for market sizing
- Exhibit 176: Information sources

13.5 List of abbreviations
- Exhibit 177: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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