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Europe Automotive Fuel Cell Market Share

Report ID: GMI7287
Published Date: Nov 2023
Report Format: PDF

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Europe Automotive Fuel Cell Market Share

Eminent players operating in the Europe automotive fuel cell industry are:

Ballard Power Systems
FuelCell Energy, Inc
Toshiba Energy Systems & Solutions Corporation
Cummins Inc.
Panasonic Holdings Corporation
Bloom Energy
Convion Ltd
Hyster-Yale Group, Inc.
Advent Technologies
BorgWarner Inc.
Daimler Truck AG
Ceres
Hyundai Motor Company
ITM Power PLC
Nedstack Fuel Cell Technology BV
NUVERA FUEL CELLS, LLC
TW Horizon Fuel Cell Technologies
Fuji Electric Co., Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of automotive fuel cell in Europe was crossed USD 0.5 billion in 2022 and will reach USD 1.8 billion by 2032, due to the ongoing efforts to expand the hydrogen infrastructure along with large scale investments by governments and private sectors in the region.

The PEMFC type segment in the Europe automotive fuel cell market is projected to surpass USD 263.4 million by 2032, due to the favorable government norms to promote eco-friendly technologies along with technological advancement in design and development of fuel cells.

Germany automotive fuel cell industry size is expected to record over 13.5% CAGR from 2023 to 2032, owing to the growing investments for the development of hydrogen stations and rising inorganic strategic ventures by the key players.

Some of the influential Europe automotive fuel cell market players are Ballard Power System, FuelCell Energy, Inc, Toshiba Energy Systems & Solutions Corporation, Cummins Inc., Panasonic Holdings Corporation, Bloom Energy, Convion Ltd, Hyster-Yale Group, Inc., among others.