Asia Pacific Automotive Fuel Cell Market 2021-2031 by Electrolyte Type (PEMFC, DMFC, AFC, PAFC, Others), Component (Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, LCV, Buses, Trucks, Others), Fuel Type (Hydrogen, Methanol), Power Output (<150 KW, 150-250 KW, >250 KW), Operating Miles (Below 250 Miles, 250-500 Miles, above 500 Miles), and Country: Trend Forecast and Growth Opportunity

July 2022 | 119 pages | ID: A55B8F1B2090EN
GMD Research

Abstracts

Asia Pacific automotive fuel cell market will grow by 29.3% annually with a total addressable market cap of $41,285.7 million over 2022-2031, driven by the increasing demand for zero-emission vehicles and government subsidies as tax benefits to promote fuel cell vehicles, the growing concerns for environmental pollution, the quick fuel fill-up time compared to battery-based electric vehicles, and advanced technologies to improve the vehicle efficacy.

Highlighted with 32 tables and 55 figures, this 119-page report “Asia Pacific Automotive Fuel Cell Market 2021-2031 by Electrolyte Type (PEMFC, DMFC, AFC, PAFC, Others), Component (Fuel Stack, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, LCV, Buses, Trucks, Others), Fuel Type (Hydrogen, Methanol), Power Output (<150 KW, 150-250 KW, >250 KW), Operating Miles (Below 250 Miles, 250-500 Miles, Above 500 Miles), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific automotive fuel cell market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific automotive fuel cell market in every aspect of the classification from perspectives of Electrolyte Type, Component, Vehicle Type, Fuel Type, Power Output, Operating Miles, and Country.

Based on Electrolyte Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Proton-Exchange Membrane Fuel Cell (PEMFC)
• Direct Methanol Fuel Cell (DMFC)
• Alkaline Fuel Cell (AFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Other Electrolyte Types

Based on Component, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Fuel Stack
• Fuel Processor
• Power Conditioner
• Air Compressor
• Humidifier

By Vehicle Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Passenger Cars
• Light Commercial Vehicles (LCV)
• Buses
• Trucks
• Other Commercial Vehicles

By Fuel Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Hydrogen
• Methanol

By Power Output, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• < 150 KW
• 150-250 KW
• >250 KW

By Operating Miles, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Below 250 Miles
• 250-500 Miles
• Above 500 Miles

Geographically, the following national/local markets are fully investigated:

• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Electrolyte Type, Vehicle Type and Operating Miles over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Ballard Power Systems Inc.

BorgWarner Inc.

Ceres Power Holdings PLC

Cummins Inc.

Doosan Fuel Cell Co., Ltd.

Elringklinger AG

Horizon Fuel Cell Technologies Pte. Ltd.

Hydrogenics Corporation

Intelligent Energy Limited

ITM Power PLC

Nedstack Fuel Cell Technology BV

Nuvera Fuel Cells LLC

Oorja Corporation

Plug Power Inc.

PowerCell Sweden AB

Proton Motor Fuel Cell GmbH

SFC Energy AG

Watt Fuel Cell Corporation

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF ASIA PACIFIC MARKET BY ELECTROLYTE TYPE

3.1 Market Overview by Electrolyte Type
3.2 Proton-Exchange Membrane Fuel Cell (PEMFC)
3.3 Direct Methanol Fuel Cell (DMFC)
3.4 Alkaline Fuel Cell (AFC)
3.5 Phosphoric Acid Fuel Cell (PAFC)
3.6 Other Electrolyte Types

4 SEGMENTATION OF ASIA PACIFIC MARKET BY COMPONENT

4.1 Market Overview by Component
4.2 Fuel Stack
4.3 Fuel Processor
4.4 Power Conditioner
4.5 Air Compressor
4.6 Humidifier

5 SEGMENTATION OF ASIA PACIFIC MARKET BY VEHICLE TYPE

5.1 Market Overview by Vehicle Type
5.2 Passenger Cars
5.3 Light Commercial Vehicles (LCV)
5.4 Buses
5.5 Trucks
5.6 Other Commercial Vehicles

6 SEGMENTATION OF ASIA PACIFIC MARKET BY FUEL TYPE

6.1 Market Overview by Fuel Type
6.2 Hydrogen
6.3 Methanol

7 SEGMENTATION OF ASIA PACIFIC MARKET BY POWER OUTPUT

7.1 Market Overview by Power Output
7.2 < 150 KW
7.3 150-250 KW
7.4 > 250 KW

8 SEGMENTATION OF ASIA PACIFIC MARKET BY OPERATING MILES

8.1 Market Overview by Operating Miles
8.2 Below 250 Miles
8.3 250-500 Miles
8.4 Above 500 Miles

9 ASIA-PACIFIC MARKET 2021-2031 BY COUNTRY

9.1 Overview of Asia-Pacific Market
9.2 Japan
9.3 China
9.4 Australia
9.5 India
9.6 South Korea
9.7 Rest of APAC Region

10 COMPETITIVE LANDSCAPE

10.1 Overview of Key Vendors
10.2 New Product Launch, Partnership, Investment, and M&A
10.3 Company Profiles
Ballard Power Systems Inc.
BorgWarner Inc.
Ceres Power Holdings PLC
Cummins Inc.
Doosan Fuel Cell Co., Ltd.
Elringklinger AG
Horizon Fuel Cell Technologies Pte. Ltd.
Hydrogenics Corporation
Intelligent Energy Limited
ITM Power PLC
Nedstack Fuel Cell Technology BV
Nuvera Fuel Cells LLC
Oorja Corporation
Plug Power Inc.
PowerCell Sweden AB
Proton Motor Fuel Cell GmbH
SFC Energy AG
Watt Fuel Cell Corporation
RELATED REPORTS

List Of Tables

LIST OF TABLES

Table 1. Snapshot of Asia Pacific Automotive Fuel Cell Market in Balanced Perspective, 2021-2031
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Hydrogen Refilling Stations in Operation by Country as of Sep 2021
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Automotive Fuel Cell Market
Table 6. Asia Pacific Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn
Table 7. Asia Pacific Automotive Fuel Cell Market by Component, 2021-2031, $ mn
Table 8. Asia Pacific Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn
Table 9. Commercially Available Fuel Cell Vehicles
Table 10. Asia Pacific Automotive Fuel Cell Market by Fuel Type, 2021-2031, $ mn
Table 11. Asia Pacific Automotive Fuel Cell Market by Power Output, 2021-2031, $ mn
Table 12. Asia Pacific Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn
Table 13. APAC Automotive Fuel Cell Market by Country, 2021-2031, $ mn
Table 14. Japan Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn
Table 15. Japan Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn
Table 16. Japan Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn
Table 17. China Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn
Table 18. China Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn
Table 19. China Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn
Table 20. Australia Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn
Table 21. Australia Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn
Table 22. Australia Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn
Table 23. India Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn
Table 24. India Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn
Table 25. India Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn
Table 26. South Korea Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn
Table 27. South Korea Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn
Table 28. South Korea Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn
Table 29. Automotive Fuel Cell Market in Rest of APAC by Country/Region, 2021-2031, $ mn
Table 30. Ballard Power Systems Inc.: Company Snapshot
Table 31. Ballard Power Systems Inc.: Business Segmentation
Table 32. Ballard Power Systems Inc.: Product Portfolio

List Of Figures

LIST OF FIGURES

Figure 1. A Scheme of Automotive Fuel Cell System
Figure 2. Research Method Flow Chart
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 4. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031
Figure 5. Asia Pacific Automotive Fuel Cell Market, 2021-2031, $ mn
Figure 6. Impact of COVID-19 on Business
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Automotive Fuel Cell Market
Figure 8. World Electric Vehicle Market, 2019-2030, $ bn
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Automotive Fuel Cell Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Automotive Fuel Cell Market
Figure 12. Breakdown of Asia Pacific Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, % of Revenue
Figure 13. Asia Pacific Addressable Market Cap in 2022-2031 by Electrolyte Type, Value ($ mn) and Share (%)
Figure 14. Asia Pacific Automotive Fuel Cell Market by Electrolyte Type: Proton-Exchange Membrane Fuel Cell (PEMFC), 2021-2031, $ mn
Figure 15. Asia Pacific Automotive Fuel Cell Market by Electrolyte Type: Direct Methanol Fuel Cell (DMFC), 2021-2031, $ mn
Figure 16. Asia Pacific Automotive Fuel Cell Market by Electrolyte Type: Alkaline Fuel Cell (AFC), 2021-2031, $ mn
Figure 17. Asia Pacific Automotive Fuel Cell Market by Electrolyte Type: Phosphoric Acid Fuel Cell (PAFC), 2021-2031, $ mn
Figure 18. Asia Pacific Automotive Fuel Cell Market by Electrolyte Type: Other Electrolyte Types, 2021-2031, $ mn
Figure 19. Breakdown of Asia Pacific Automotive Fuel Cell Market by Component, 2021-2031, % of Sales Revenue
Figure 20. Asia Pacific Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%)
Figure 21. Asia Pacific Automotive Fuel Cell Market by Component: Fuel Stack, 2021-2031, $ mn
Figure 22. Asia Pacific Automotive Fuel Cell Market by Component: Fuel Processor, 2021-2031, $ mn
Figure 23. Asia Pacific Automotive Fuel Cell Market by Component: Power Conditioner, 2021-2031, $ mn
Figure 24. Asia Pacific Automotive Fuel Cell Market by Component: Air Compressor, 2021-2031, $ mn
Figure 25. Asia Pacific Automotive Fuel Cell Market by Component: Humidifier, 2021-2031, $ mn
Figure 26. Breakdown of Asia Pacific Automotive Fuel Cell Market by Vehicle Type, 2021-2031, % of Sales Revenue
Figure 27. Asia Pacific Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%)
Figure 28. Asia Pacific Automotive Fuel Cell Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn
Figure 29. Asia Pacific Automotive Fuel Cell Market by Vehicle Type: Light Commercial Vehicles (LCV), 2021-2031, $ mn
Figure 30. Asia Pacific Automotive Fuel Cell Market by Vehicle Type: Buses, 2021-2031, $ mn
Figure 31. Asia Pacific Automotive Fuel Cell Market by Vehicle Type: Trucks, 2021-2031, $ mn
Figure 32. Asia Pacific Automotive Fuel Cell Market by Vehicle Type: Other Commercial Vehicles, 2021-2031, $ mn
Figure 33. Breakdown of Asia Pacific Automotive Fuel Cell Market by Fuel Type, 2021-2031, % of Revenue
Figure 34. Asia Pacific Addressable Market Cap in 2022-2031 by Fuel Type, Value ($ mn) and Share (%)
Figure 35. Asia Pacific Automotive Fuel Cell Market by Fuel Type: Hydrogen, 2021-2031, $ mn
Figure 36. Asia Pacific Automotive Fuel Cell Market by Fuel Type: Methanol, 2021-2031, $ mn
Figure 37. Breakdown of Asia Pacific Automotive Fuel Cell Market by Power Output, 2021-2031, % of Revenue
Figure 38. Asia Pacific Addressable Market Cap in 2022-2031 by Power Output, Value ($ mn) and Share (%)
Figure 39. Asia Pacific Automotive Fuel Cell Market by Power Output: < 150 KW, 2021-2031, $ mn
Figure 40. Asia Pacific Automotive Fuel Cell Market by Power Output: 150-250 KW, 2021-2031, $ mn
Figure 41. Asia Pacific Automotive Fuel Cell Market by Power Output: > 250 KW, 2021-2031, $ mn
Figure 42. Breakdown of Asia Pacific Automotive Fuel Cell Market by Operating Miles, 2021-2031, % of Revenue
Figure 43. Asia Pacific Addressable Market Cap in 2022-2031 by Operating Miles, Value ($ mn) and Share (%)
Figure 44. Asia Pacific Automotive Fuel Cell Market by Operating Miles: Below 250 Miles, 2021-2031, $ mn
Figure 45. Asia Pacific Automotive Fuel Cell Market by Operating Miles: 250-500 Miles, 2021-2031, $ mn
Figure 46. Asia Pacific Automotive Fuel Cell Market by Operating Miles: Above 500 Miles, 2021-2031, $ mn
Figure 47. Breakdown of APAC Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue
Figure 48. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 49. Automotive Fuel Cell Market in Japan, 2021-2031, $ mn
Figure 50. Automotive Fuel Cell Market in China, 2021-2031, $ mn
Figure 51. Automotive Fuel Cell Market in Australia, 2021-2031, $ mn
Figure 52. Automotive Fuel Cell Market in India, 2021-2031, $ mn
Figure 53. Automotive Fuel Cell Market in South Korea, 2021-2031, $ mn
Figure 54. Automotive Fuel Cell Market in Rest of APAC, 2021-2031, $ mn
Figure 55. Growth Stage of Asia Pacific Automotive Fuel Cell Industry over the Forecast Period