Mark Twain's blog : Fuel Cell Powertrain Market Research Report
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.
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
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
Saudi Arabia
o
UAE
o
South Africa
o
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
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