DUBLIN, July 20, 2023 /PRNewswire/ — The “Global Automotive Fuel Cell Market (2023-2028) by Electrolyte Type, Fuel Type, Vehicle Type, Power Output and Geography, Competitive Analysis, Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Automotive Fuel Cell Market is estimated to be USD 1.10 Bn in 2023 and is expected to reach USD 1.82 Bn by 2028, growing at a CAGR of 10.60%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Automotive Fuel Cell Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Automotive Fuel Cell Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automotive Fuel Cell Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
Market Dynamics:
Drivers
- Increasing adoption of fuel cell vehicles.
- Low emissions compared to other vehicles.
- Quick refueling and increased driving range.
Restraints
- Availability of alternative electric vehicles.
- High cost and low fuel cell infrastructure.
Opportunities
- Market development through partnership strategies.
- Government incentives by promoting fuel cell infrastructure.
Challenges
- Hazardous health issues due to hydrogen leak.
- Availability of alternative electric vehicles.
Companies Mentioned
- BorgWarner Inc.
- Nuvera Fuel Cells LLC
- Ballard Power Systems Inc.
- Hydrogenics (Cummins Inc.)
- Nedstack Fuel Cell Technology BV
- Oorja Corp.
- Plug Power Inc.
- SFC Energy Ag
- Watt Fuel Cell Corp.
- Doosan Fuel Cell Co. Ltd.
- Toyota Motor Corp.
- Hyundai Motor Group
- Hyster-Yale Group
- ITM Power
- Ceres Power
- Proton Motor Power
- Toshiba Corp.
- PowerCell Sweden AB
- Delphi Technologies
- Nissan Motor Company. Ltd.
Market Segmentation
The Global Automotive Fuel Cell Market is segmented based on Electrolyte Type, Fuel Type, Vehicle Type, Power Output and Geography.
- By Electrolyte Type, the market is classified into proton exchange membrane fuel cell, phosphoric acid fuel cell, direct methanol fuel cell, and alkaline fuel cell.
- By Fuel Type, the market is classified into Passenger Vehicle and Commercial Vehicles.
- By Vehicle Type, the market is classified into Hydrogen and Methanol.
- By Power Output, the market is classified into 00 KW, 100 to 200 KW, and above 200 KW.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/7cuxpu
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