Global Fuel Cell Powertrain Market

The GMI Research forecasts that the Fuel Cell Powertrain Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their rising consumption in the packaging industry and various features imparted by them like less operating cost and plant availability.

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Introduction of the Fuel Cell Powertrain Market

A fuel cell powertrain is an electric system where the energy stored as hydrogen converts into electricity through a fuel cell. The cells are implemented across different applications, including material handling, emergency backup power, and transportation.

Key Players of the Global Fuel Cell Powertrain Market:

• Ballard Power Systems.
• Cummins, Inc.
• BorgWarner Inc.
• Ceres Power Holdings plc
• ITM Power
• FCP Fuel Cell Powertrain GmbH
• Continental AG
• Denso Corporation
• Robert Bosch GmbH
• FEV Group GmbH

Fuel Cell Powertrain Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The prominent drivers responsible for the growth of the global fuel cell powertrain market includes various advantages offered by them, such as better energy efficiency, lower discharge as compared to combustion engines; less operation cost because of the elimination of changing, charging, and managing batteries; and quiet operation due to more minor moving parts along with the increasing adoption of fuel cell electric vehicles (FCEV). Moreover, the ongoing technological advancements, demonstration activities, and rising research and development supported by various leading organizations like the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE); Canadian Hydrogen and Fuel Cell Association; and U.S. Department of Energy, the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), Europe; and Fuel Cell & Hydrogen Energy Association, U.S.; will further strengthen the fuel cell powertrain market size.

Besides this, other factors like augmenting awareness about the growing outflow of increasing greenhouse gas and air pollutants in the environment and swift technological transformations in the automotive sector contribute to the market growth. However, as per the fuel cell powertrain market trends, the aggravating demand for battery and hybrid electric vehicles and the high ignitability of hydrogen spillage will curb the market growth. Additionally, the sudden outbreak of the coronavirus pandemic has negatively influenced the market growth owing to the disturbance in supply chains and the production of vehicles throughout the world.

Fuel Cell Powertrain Market Segmentation:

Segmentation by Component

• Fuel Cell System
• Battery System
• Drive System
• Hydrogen Storage System
• Others

Segmentation by Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Buses
• Trucks

Segmentation by Drive Type

• Chemical Rear-Wheel Drive (RWD)
• Front-Wheel Drive (FWD)
• All-Wheel Drive (AWD)

Segmentation by Power Output

• <150 kW
• 150-250 kW
• >250kW

Segmentation by Region:

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company and provides enterprises with business sights and market research reports. Our research team helps the clients to comprehend the impact of several market dynamics such as market share, size, drivers, growth opportunities, and other important aspects.  The team of analysts and industry experts conduct market intelligence studies to make sure that all the relevant and fact-based research reaches across different sectors such as FMCG, Technology, Energy, Healthcare, and other industries. The main emphasis of our team is to increase awareness among our clients and keep them updated about emerging opportunities and challenges in wide range of industries. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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