Setting

Europe 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

Published: 31 Jul 2022 | Report Code: 10248635 | Pages: 119

Europe automotive fuel cell market was valued at $217.0 million in 2021 and will grow by 34.1% annually over 2021-2031, 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 35 tables and 56 figures, this 119-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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: • Germany • UK • France • Spain • Italy • Netherlands • Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) 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.)

Table of Contents:
1 Introduction	7
1.1 Industry Definition and Research Scope	7
1.1.1 Industry Definition	7
1.1.2 Research Scope	9
1.2 Research Methodology	12
1.2.1 Overview of Market Research Methodology	12
1.2.2 Market Assumption	13
1.2.3 Secondary Data	13
1.2.4 Primary Data	13
1.2.5 Data Filtration and Model Design	14
1.2.6 Market Size/Share Estimation	15
1.2.7 Research Limitations	16
1.3 Executive Summary	17
2 Market Overview and Dynamics	20
2.1 Market Size and Forecast	20
2.1.1 Impact of COVID-19 on World Economy	21
2.1.2 Impact of COVID-19 on the Market	25
2.2 Major Growth Drivers	27
2.3 Market Restraints and Challenges	32
2.4 Emerging Opportunities and Market Trends	35
2.5 Porter’s Fiver Forces Analysis	39
3 Segmentation of Europe Market by Electrolyte Type	43
3.1 Market Overview by Electrolyte Type	43
3.2 Proton-Exchange Membrane Fuel Cell (PEMFC)	45
3.3 Direct Methanol Fuel Cell (DMFC)	46
3.4 Alkaline Fuel Cell (AFC)	47
3.5 Phosphoric Acid Fuel Cell (PAFC)	48
3.6 Other Electrolyte Types	49
4 Segmentation of Europe Market by Component	50
4.1 Market Overview by Component	50
4.2 Fuel Stack	52
4.3 Fuel Processor	53
4.4 Power Conditioner	54
4.5 Air Compressor	55
4.6 Humidifier	56
5 Segmentation of Europe Market by Vehicle Type	57
5.1 Market Overview by Vehicle Type	57
5.2 Passenger Cars	59
5.3 Light Commercial Vehicles (LCV)	61
5.4 Buses	62
5.5 Trucks	63
5.6 Other Commercial Vehicles	64
6 Segmentation of Europe Market by Fuel Type	65
6.1 Market Overview by Fuel Type	65
6.2 Hydrogen	67
6.3 Methanol	68
7 Segmentation of Europe Market by Power Output	69
7.1 Market Overview by Power Output	69
7.2 < 150 KW	71
7.3 150-250 KW	72
7.4 > 250 KW	73
8 Segmentation of Europe Market by Operating Miles	74
8.1 Market Overview by Operating Miles	74
8.2 Below 250 Miles	76
8.3 250-500 Miles	77
8.4 Above 500 Miles	78
9 European Market 2021-2031 by Country	79
9.1 Overview of European Market	79
9.2 Germany	82
9.3 U.K.	84
9.4 France	86
9.5 Spain	88
9.6 Italy	90
9.7 Netherlands	92
9.8 Rest of European Market	94
10 Competitive Landscape	96
10.1 Overview of Key Vendors	96
10.2 New Product Launch, Partnership, Investment, and M&A	99
10.3 Company Profiles	100
Ballard Power Systems Inc.	100
BorgWarner Inc.	102
Ceres Power Holdings PLC	103
Cummins Inc.	104
Doosan Fuel Cell Co., Ltd.	105
Elringklinger AG	106
Horizon Fuel Cell Technologies Pte. Ltd.	107
Hydrogenics Corporation	108
Intelligent Energy Limited	109
ITM Power PLC	110
Nedstack Fuel Cell Technology BV	111
Nuvera Fuel Cells LLC	112
Oorja Corporation	113
Plug Power Inc.	114
PowerCell Sweden AB	115
Proton Motor Fuel Cell GmbH	116
SFC Energy AG	117
Watt Fuel Cell Corporation	118
RELATED REPORTS	119
List of Tables:

Table 1.  Snapshot of Europe Automotive Fuel Cell Market in Balanced Perspective, 2021-2031	18
Table 2. World Economic Outlook, 2021-2031	22
Table 3. World Economic Outlook, 2021-2023	23
Table 4. Hydrogen Refilling Stations in Operation by Country as of Sep 2021	31
Table 5.  Main Product Trends and Market Opportunities in Europe Automotive Fuel Cell Market	35
Table 6. Europe Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	43
Table 7. Europe Automotive Fuel Cell Market by Component, 2021-2031, $ mn	50
Table 8. Europe Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	57
Table 9. Commercially Available Fuel Cell Vehicles	60
Table 10. Europe Automotive Fuel Cell Market by Fuel Type, 2021-2031, $ mn	65
Table 11. Europe Automotive Fuel Cell Market by Power Output, 2021-2031, $ mn	69
Table 12. Europe Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	74
Table 13. Europe Automotive Fuel Cell Market by Country, 2021-2031, $ mn	81
Table 14. Germany Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	83
Table 15. Germany Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	83
Table 16. Germany Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	83
Table 17. U.K. Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	85
Table 18. U.K. Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	85
Table 19. U.K. Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	85
Table 20. France Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	87
Table 21. France Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	87
Table 22. France Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	87
Table 23. Spain Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	89
Table 24. Spain Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	89
Table 25. Spain Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	89
Table 26. Italy Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	91
Table 27. Italy Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	91
Table 28. Italy Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	91
Table 29. Netherlands Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, $ mn	93
Table 30. Netherlands Automotive Fuel Cell Market by Vehicle Type, 2021-2031, $ mn	93
Table 31. Netherlands Automotive Fuel Cell Market by Operating Miles, 2021-2031, $ mn	93
Table 32. Automotive Fuel Cell Market in Rest of Europe by Country, 2021-2031, $ mn	95
Table 33. Ballard Power Systems Inc.: Company Snapshot	100
Table 34. Ballard Power Systems Inc.: Business Segmentation	101
Table 35. Ballard Power Systems Inc.: Product Portfolio	101
List of Figures:

Figure 1. A Scheme of Automotive Fuel Cell System	8
Figure 2. Research Method Flow Chart	12
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation	15
Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031	17
Figure 5. Europe Automotive Fuel Cell Market, 2021-2031, $ mn	20
Figure 6. Impact of COVID-19 on Business	25
Figure 7. Primary Drivers and Impact Factors of Europe Automotive Fuel Cell Market	27
Figure 8. World Electric Vehicle Market, 2019-2030, $ bn	30
Figure 9. Primary Restraints and Impact Factors of Europe Automotive Fuel Cell Market	32
Figure 10. Investment Opportunity Analysis	36
Figure 11. Porter’s Fiver Forces Analysis of Europe Automotive Fuel Cell Market	39
Figure 12. Breakdown of Europe Automotive Fuel Cell Market by Electrolyte Type, 2021-2031, % of Revenue	44
Figure 13. Europe Addressable Market Cap in 2022-2031 by Electrolyte Type, Value ($ mn) and Share (%)	44
Figure 14. Europe Automotive Fuel Cell Market by Electrolyte Type: Proton-Exchange Membrane Fuel Cell (PEMFC), 2021-2031, $ mn	45
Figure 15. Europe Automotive Fuel Cell Market by Electrolyte Type: Direct Methanol Fuel Cell (DMFC), 2021-2031, $ mn	46
Figure 16. Europe Automotive Fuel Cell Market by Electrolyte Type: Alkaline Fuel Cell (AFC), 2021-2031, $ mn	47
Figure 17. Europe Automotive Fuel Cell Market by Electrolyte Type: Phosphoric Acid Fuel Cell (PAFC), 2021-2031, $ mn	48
Figure 18. Europe Automotive Fuel Cell Market by Electrolyte Type: Other Electrolyte Types, 2021-2031, $ mn	49
Figure 19. Breakdown of Europe Automotive Fuel Cell Market by Component, 2021-2031, % of Sales Revenue	51
Figure 20. Europe Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%)	51
Figure 21. Europe Automotive Fuel Cell Market by Component: Fuel Stack, 2021-2031, $ mn	52
Figure 22. Europe Automotive Fuel Cell Market by Component: Fuel Processor, 2021-2031, $ mn	53
Figure 23. Europe Automotive Fuel Cell Market by Component: Power Conditioner, 2021-2031, $ mn	54
Figure 24. Europe Automotive Fuel Cell Market by Component: Air Compressor, 2021-2031, $ mn	55
Figure 25. Europe Automotive Fuel Cell Market by Component: Humidifier, 2021-2031, $ mn	56
Figure 26. Breakdown of Europe Automotive Fuel Cell Market by Vehicle Type, 2021-2031, % of Sales Revenue	58
Figure 27. Europe Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%)	58
Figure 28. Europe Automotive Fuel Cell Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn	59
Figure 29. Europe Automotive Fuel Cell Market by Vehicle Type: Light Commercial Vehicles (LCV), 2021-2031, $ mn	61
Figure 30. Europe Automotive Fuel Cell Market by Vehicle Type: Buses, 2021-2031, $ mn	62
Figure 31. Europe Automotive Fuel Cell Market by Vehicle Type: Trucks, 2021-2031, $ mn	63
Figure 32. Europe Automotive Fuel Cell Market by Vehicle Type: Other Commercial Vehicles, 2021-2031, $ mn	64
Figure 33. Breakdown of Europe Automotive Fuel Cell Market by Fuel Type, 2021-2031, % of Revenue	66
Figure 34. Europe Addressable Market Cap in 2022-2031 by Fuel Type, Value ($ mn) and Share (%)	66
Figure 35. Europe Automotive Fuel Cell Market by Fuel Type: Hydrogen, 2021-2031, $ mn	67
Figure 36. Europe Automotive Fuel Cell Market by Fuel Type: Methanol, 2021-2031, $ mn	68
Figure 37. Breakdown of Europe Automotive Fuel Cell Market by Power Output, 2021-2031, % of Revenue	70
Figure 38. Europe Addressable Market Cap in 2022-2031 by Power Output, Value ($ mn) and Share (%)	70
Figure 39. Europe Automotive Fuel Cell Market by Power Output: < 150 KW, 2021-2031, $ mn	71
Figure 40. Europe Automotive Fuel Cell Market by Power Output: 150-250 KW, 2021-2031, $ mn	72
Figure 41. Europe Automotive Fuel Cell Market by Power Output: > 250 KW, 2021-2031, $ mn	73
Figure 42. Breakdown of Europe Automotive Fuel Cell Market by Operating Miles, 2021-2031, % of Revenue	74
Figure 43. Europe Addressable Market Cap in 2022-2031 by Operating Miles, Value ($ mn) and Share (%)	75
Figure 44. Europe Automotive Fuel Cell Market by Operating Miles: Below 250 Miles, 2021-2031, $ mn	76
Figure 45. Europe Automotive Fuel Cell Market by Operating Miles: 250-500 Miles, 2021-2031, $ mn	77
Figure 46. Europe Automotive Fuel Cell Market by Operating Miles: Above 500 Miles, 2021-2031, $ mn	78
Figure 47. Breakdown of European Automotive Fuel Cell Market by Country, 2021 and 2031, % of Revenue	80
Figure 48. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)	81
Figure 49.  Automotive Fuel Cell Market in Germany, 2021-2031, $ mn	82
Figure 50.  Automotive Fuel Cell Market in U.K., 2021-2031, $ mn	84
Figure 51.  Automotive Fuel Cell Market in France, 2021-2031, $ mn	86
Figure 52.  Automotive Fuel Cell Market in Spain, 2021-2031, $ mn	88
Figure 53.  Automotive Fuel Cell Market in Italy, 2021-2031, $ mn	90
Figure 54.  Automotive Fuel Cell Market in Netherlands, 2021-2031, $ mn	92
Figure 55.  Automotive Fuel Cell Market in Rest of Europe, 2021-2031, $ mn	94
Figure 56. Growth Stage of Europe Automotive Fuel Cell Industry over the Forecast Period	96
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.)