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Fuel Cell Electric Vehicle (FCEV) Market Share

Report ID: GMI2375
Published Date: Feb 2023
Report Format: PDF

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Fuel Cell Electric Vehicle Market Share

The competitive landscape of the global fuel cell electric vehicle market consists of major companies, such as

Hyster-Yale Materials Handling
Audi AG
Dana Limited
Toyota Motor Corporation
Ballard Power Systems
US Hybrid
Hyundai Motor Co., Ltd.
Hydrogenics
Honda Motor Co., Ltd.
Anhui Hell
Plug Power, Inc.
Shanghai Shenli Technology Co., Ltd.

These firms are concentrating on strengthening their market presence by focusing on product innovation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of fuel cell electric vehicle (FCEV) crossed USD 2.5 billion in 2022 and is slated to record significant growth at over 25% gains through 2032 owing to the increasing adoption of electric vehicles.

The automotive segment held more than 35% of the revenue share in 2022 and is estimated to witness exponential growth between 2023 and 2032 attributed to rising inclination towards zero-emission hydrogen passenger cars.

The Asia Pacific market is predicted to grow at more than 25% CAGR over the next 10 years due to the growing number of government initiatives that are encouraging low-emission transportation options.

Hyster-Yale Materials Handling, Audi AG, Dana Limited, Toyota Motor Corporation, Ballard Power Systems, US Hybrid, Hyundai Motor Co., Ltd., Hydrogenics, Honda Motor Co., Ltd., Anhui Hell, Plug Power, Inc. and Shanghai Shenli Technology Co., Ltd. are some of the leading enterprises operating in the FCEV industry.