The Hydrogen Fuel Cell Vehicle Market size was valued at USD 1.30 Billion in 2023 and the total Hydrogen Fuel Cell Vehicle Market revenue is expected to grow at a CAGR of 45.3% from 2024 to 2030, reaching nearly USD 17.87 Billion.Overview
A hydrogen fuel cell vehicle is an alternative to traditional gasoline-powered cars. Instead of relying on a combustion engine to generate power, these vehicles use a fuel cell to generate electricity through a chemical reaction between hydrogen and oxygen. The hydrogen fuel cell vehicle market is still in its early stages, with relatively low sales compared to traditional gasoline and electric vehicles. According to a MMR, there were only around 10,000 hydrogen fuel cell vehicles on the road globally in 2020. Instead of relying on a combustion engine to generate power, these vehicles use a fuel cell to generate electricity through a chemical reaction between hydrogen and oxygen. This reaction produces only water vapour as a product, making hydrogen fuel cell vehicles a zero-emissions transportation option, which is expected to drive the Hydrogen Fuel Cell Vehicle Market. However, several major automakers are investing in the technology and bringing new models to Hydrogen Fuel Cell Vehicle Market. These include Toyota, Hyundai, Honda, and Mercedes-Benz. In addition, governments and organizations around the world are supporting the development and deployment of hydrogen fuel cell vehicles through research funding, tax incentives, and other measures.Opportunity for the market growth:
Hydrogen Fuel Cell Vehicle Market is driven by Public-private partnerships that can provide a platform for hydrogen development by funding initiatives, exchanging information to advance technological progress, creating consensus, and coordinating activities. They can also reduce risks during early deployment and facilitate the transition from demonstration to commercialization, with the ultimate objective of reaching a point where no further public support is required. This model has already been successful in Europe through initiatives like the Fuel Cells and Hydrogen Joint Undertaking and the Clean Hydrogen Alliance, which increases demand for Market. Similarly, In the US, collaborations like the California Fuel Cell Partnership and the Oregon hydrogen production and carbon-reduction Initiative are aimed at expanding the industry for fuel cell electric vehicles and exploring the development of renewable hydrogen production facilities. Australia has launched a national hydrogen strategy that aims to produce hydrogen at a cost of below AU$2/kg and has already secured state support and international partnerships, including a partnership with Singapore to reduce emissions in maritime and port operations. Hydrogen Fuel Cell Vehicle Market these initiatives demonstrate the potential of public-private partnerships to accelerate the adoption of low-emissions technologies like clean hydrogen. The report covered detailed micro-level analyses of market competition, market player’s strategies and their developments and investment plans.To know about the Research Methodology :- Request Free Sample Report
Hydrogen Fuel Cell Vehicle Market Dynamics:
Hydrogen Fuel price analyses According to the Hydrogen Fuel Cell Vehicle Market analyses the cost of hydrogen fuel can vary depending on a number of factors such as the source of the hydrogen, the production method, and the location. However, as of 2022, the cost of hydrogen fuel is generally higher than gasoline or diesel fuel on a per-mile basis. According to the US Department of Energy, as of January 2022, the average cost of hydrogen fuel for retail consumers in the US is around $16.51 per kilogram. This translates to a cost of around $60 to $70 to fill up the tank of a Hydrogen Fuel Cell Vehicle (FCV), which typically has a capacity of around 4 to 6 kilograms of hydrogen. Due to hydrogen fuel being a specialized commodity, the small network of retail stations charges high prices, with a kilogram of hydrogen costing between $10 and $17 at California hydrogen stations. This cost is equivalent to $5 to $8.50 per gallon of gasoline and can only cover a certain distance, which hamper the Hydrogen Fuel Cell Vehicle Market growth. To address this disadvantage, manufacturers such as Honda, Hyundai, and Toyota offer lessees and buyers free hydrogen fuel for a limited time. For instance, a Toyota Mirai provides up to $15,000 of complimentary hydrogen while a Hyundai Nexo offers the same benefit over a three-year lease or up to six years of ownership. However, after the offer period, drivers must pay for their hydrogen fuel. It's worth noting that charging an EV overnight usually costs only $1 to $2 per gallon of gasoline, a significant difference compared to hydrogen fuel prices in global market. Restrain for market: However, it's worth noting that the cost of hydrogen fuel is expected to decrease in the coming years as the technology becomes more widespread and economies of scale are realized. The Hydrogen Council, a global coalition of leading companies in the hydrogen sector, has set a target of achieving a cost of hydrogen production of $2 per kilogram by 2030, which would make it cost-competitive with gasoline and diesel fuels in Hydrogen Fuel Cell Vehicle Market. In addition, there are also efforts underway to increase the production of renewable hydrogen, which is produced using renewable sources of energy such as solar, wind, or hydropower. Renewable hydrogen is expected to become increasingly cost-competitive with conventional hydrogen production methods as the cost of renewable energy continues to decrease. Increasing acceptance of hydrogen is opening up opportunities in multiple industries Hydrogen presents a leading opportunity to decarbonize hard-to-abate sectors and is the essential link to achieve this goal Hydrogen Fuel Cell Vehicle Market. Some industrial sectors, including steel, cement, and refineries, cannot be directly decarbonized with electricity due to technological limitations. Similarly, energy consumption in s Hydrogen Fuel Cell Vehicle Market such as marine, aviation, rail, and mining exceeds the capacity of batteries. Therefore, hydrogen adoption is expected to increase across various Hydrogen Fuel Cell Vehicle industries, ensuring the availability of clean hydrogen for use cases such as fleets with their depots or fuel cell trucks successfully deployed in Switzerland. Hydrogen-powered vehicles have clear benefits for both vehicles and underlying infrastructure, and Hydrogen Fuel Cell Vehicle Market is expect to see a significant rise in their numbers on the road over the next few years. Although passenger cars have been the focus segment in the past, commercial vehicles are likely to contribute around 95 per cent of hydrogen consumption in the future. However, countries like Japan and South Korea are strongly supporting hydrogen for passenger cars, with domestic OEMs leading the development of Fuel Cell Electric Vehicles (FCEVs). By 2035, up to 850,000 hydrogen-fuelled medium and heavy-duty trucks could be on European roads, requiring around 6,900 metric kilotons of hydrogen per year and up to 4,800 hydrogen refuelling stations (HRS) in Hydrogen Fuel Cell Vehicle Market. Governments and Industry Unite to Champion Clean Energy During the Historical period, there has been a notable increase in the number of countries announcing and planning national hydrogen policies. In 2019, only a few countries, including China, France, Japan, and South Korea, initiated preliminary work on hydrogen. However, as of now, over 10 countries, such as Australia, Chile, Finland, Germany, Norway, Portugal, Spain, and the European Union (EU), have formulated detailed hydrogen strategies, and nine more countries are likely to follow suit soon, which increases demand for Hydrogen Fuel Cell Vehicle. The adoption of national hydrogen strategies by public and private entities is growing worldwide, with Europe, the Asia Pacific (ASPAC) region, the Americas, and the Gulf Cooperation Council (GCC) countries witnessing new developments in Hydrogen Fuel Cell Vehicle Market. By 2030, almost 30% of new vehicle sales in India are expected to be electric, with two-wheelers leading the way towards electrification. The National Hydrogen Mission, with a budget of Rs 800 crore for FY22, is set to boost green hydrogen infrastructure in the country and transform India into a global green hydrogen hub in Hydrogen Fuel Cell Vehicle Market. The combination of government schemes like FAME India, NHM, and PLI will give a big boost to EV manufacturing in India and create a conducive environment for foreign investments in this sector, ultimately contributing to making India a hub for global manufacturing of clean automobiles.In Europe, hydrogen has become a crucial component in carbon-reduction plans at both regional and national levels. The continent's hydrogen strategy, published in July 2020, prioritizes green hydrogen and views blue hydrogen as a temporary solution in the medium term. The EU has committed to achieving 40 GW of hydrogen electrolyzer capacity by 2030, nearly twice the capacity of China's Three Gorges Dam. To reach this target, the EU aims to secure up to EUR 470 billion in public and private investments by 2050 in Hydrogen Fuel Cell Vehicle Market. Additionally, an import supply chain is being developed with an extra 40 GW from neighboring countries in Central Europe and North Africa. Germany's first publicly accessible hydrogen network is set to provide increasing amounts of green hydrogen to industrial companies in Lower Saxony and North Rhine-Westphalia starting in late 2022. BP plc, Nowega, OGE, and RWE Generation have signed an MOU to establish the GET H2 Nukleus project, which will produce, transport, store, and utilize green hydrogen from Lingen to the Ruhr region and from the Dutch border to Salzgitter.
Hydrogen Fuel Cell Vehicle Market Segment Analysis:
By Technology: the Hydrogen Fuel Cell Vehicle Market is segmented into Proton Exchange Membrance Fuel Cell, and Phosphoric Acid Fuel Cell. Proton Exchange Membrance Fuel is expected to dominate the Market during the forecast period. Proton exchange membrane (PEM) fuel cells are a type of hydrogen fuel cell that are used in various applications, including vehicles, stationary power generation, and portable electronics. While demand for PEM fuel cells is growing in Market, they are not yet widely used due to their high cost and the need for hydrogen refueling infrastructure. For example of a PEM fuel cell vehicle is the Hyundai Nexo, which I mentioned earlier as a hydrogen fuel cell SUV. The Nexo uses a PEM fuel cell stack to generate electricity from hydrogen and oxygen, and has a range of around 380 miles. With increasing concerns about climate change and the need to reduce greenhouse gas emissions, there is a growing interest in alternative energy sources such as hydrogen fuel cells, which is expected to drive the Hydrogen Fuel Cell Vehicle Market. Many companies are setting ambitious sustainability goals and are exploring the use of PEM fuel cells to help meet these goals.Market Regional Insights
Asia Pacific is expected to dominate the Hydrogen Fuel Cell Vehicle market during the forecast period. The Asia Pacific region is an important market for hydrogen fuel cell vehicles, with several countries investing in the technology and infrastructure to support their deployment. Here are some examples of the countries in the Asia Pacific region that are leading the way in hydrogen fuel cell vehicle adoption. apan views hydrogen as a crucial element to decarbonize its economy and maintain its industrial competitiveness. As part of its Green Growth Strategy, hydrogen is among the 14 sectors identified as critical to achieving carbon neutrality by 2050, which is expected to drive the Asian Hydrogen Fuel Cell Vehicle Market.The Japanese government has reinforced its commitment to hydrogen by introducing new action plans to priority sectors in the updated green growth strategy of June 2021. According to the Strategic Energy Plan, hydrogen and ammonia will constitute 1% of both the primary energy mix and electricity supply mix in 2030, in line with the country's 46% greenhouse gas reduction target compared to 2013 levels. Hydrogen is not only essential for electricity generation and transportation but also plays a critical role in decarbonizing industrial sectors such as petrochemical production and steelmaking in Hydrogen Fuel Cell Vehicle Market. Japan has a technological edge in fuel cell technology and continues to invest in this area to remain a top global exporter. While Japan acknowledges the short-term necessity of hydrocarbons, its long-term plan is to shift the source of hydrogen and fuel cells from fossil fuels to renewable energy, including domestically sourced renewable energy in Hydrogen Fuel Cell Vehicle Market. One of Japan's major agendas is to reduce the cost of hydrogen production from about US$1 per cubic meter (Nm3) in 2017 to 30 cents/Nm3 by 2030 and approximately 20 cents/Nm3 or less by 2050.Report covered the country wise analyses market with country share and their emerging trends in market.
Hydrogen Fuel Cell Vehicle Market Scope: Inquiry Before Buying
Hydrogen Fuel Cell Vehicle Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 1.30Bn. Forecast Period 2024 to 2030 CAGR: 45.3% Market Size in 2030: US $ 17.87 Bn. Segments Covered: by Vehicle Type 1. Sedan 2.SUV 3.Other by Technology 1.Proton Exchange Membrane Fuel Cell 2.Phosphoric Acid Fuel Cell by Range 1.0-250 Miles 2. 251-500 Miles 3.Above 500 Miles Hydrogen Fuel Cell Vehicle Market Regional Insights:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Hydrogen Fuel Cell Vehicle Market Key Players:
1. Toyota Motor Corporation 2. Honda Motor Co., Ltd. 3. Hyundai Motor Company 4. Daimler AG (Mercedes-Benz) 5. General Motors Company 6. Ballard Power Systems Inc. 7. Plug Power Inc. 8. Nikola Corporation 9. Cummins Inc. 10. NEL ASA 11. Doosan Fuel Cell 12. Bloom Energy Corporation 13. AFC Energy plc 14. Toshiba Energy Systems & Solutions Corporation 15. Horizon Fuel Cell Technologies 16. Ceres Power Holdings plc 17. SFC Energy AG 18. PowerCell Sweden AB 19. Nuvera Fuel Cells, LLC FAQs: 1. What are the growth drivers for the Hydrogen Fuel Cell Vehicle Market? Ans. The increasing prevalence of chronic pain diseases such as arthritis, cancer, and fibromyalgia, is expected to be the major driver for the Hydrogen Fuel Cell Vehicle Market. 2. What is the major restraint for the Hydrogen Fuel Cell Vehicle Market growth? Ans. Stringent government regulations are expected to be the major restraining factor for the Hydrogen Fuel Cell Vehicle Market growth. 3. Which region is expected to lead the global Hydrogen Fuel Cell Vehicle Market during the forecast period? Ans. North America is expected to lead the global Hydrogen Fuel Cell Vehicle Market during the forecast period. 4. What is the projected market size & growth rate of the Hydrogen Fuel Cell Vehicle Market? Ans. The Hydrogen Fuel Cell Vehicle Market size was valued at USD 1.30 Billion in 2023 and the total Hydrogen Fuel Cell Vehicle Market revenue is expected to grow at a CAGR of 45.3% from 2024 to 2030, reaching nearly USD 17.87 Billion. 5. What segments are covered in the Hydrogen Fuel Cell Vehicle Market report? Ans. The segments covered in the Hydrogen Fuel Cell Vehicle Market report are Type, Applications, End-use, and Region.
1. Hydrogen Fuel Cell Vehicle Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 1.4. Current Market Status 2. Hydrogen Fuel Cell Vehicle Market: Dynamics 2.1. Hydrogen Fuel Cell Vehicle Market Trends by Region 2.1.1. North America Hydrogen Fuel Cell Vehicle Market Trends 2.1.2. Europe Hydrogen Fuel Cell Vehicle Market Trends 2.1.3. Asia Pacific Hydrogen Fuel Cell Vehicle Market Trends 2.1.4. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Trends 2.1.5. South America Hydrogen Fuel Cell Vehicle Market Trends 2.2. Hydrogen Fuel Cell Vehicle Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Hydrogen Fuel Cell Vehicle Market Drivers 2.2.1.2. North America Hydrogen Fuel Cell Vehicle Market Restraints 2.2.1.3. North America Hydrogen Fuel Cell Vehicle Market Opportunities 2.2.1.4. North America Hydrogen Fuel Cell Vehicle Market Challenges 2.2.2. Europe 2.2.2.1. Europe Hydrogen Fuel Cell Vehicle Market Drivers 2.2.2.2. Europe Hydrogen Fuel Cell Vehicle Market Restraints 2.2.2.3. Europe Hydrogen Fuel Cell Vehicle Market Opportunities 2.2.2.4. Europe Hydrogen Fuel Cell Vehicle Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Hydrogen Fuel Cell Vehicle Market Drivers 2.2.3.2. Asia Pacific Hydrogen Fuel Cell Vehicle Market Restraints 2.2.3.3. Asia Pacific Hydrogen Fuel Cell Vehicle Market Opportunities 2.2.3.4. Asia Pacific Hydrogen Fuel Cell Vehicle Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Drivers 2.2.4.2. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Restraints 2.2.4.3. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Opportunities 2.2.4.4. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Challenges 2.2.5. South America 2.2.5.1. South America Hydrogen Fuel Cell Vehicle Market Drivers 2.2.5.2. South America Hydrogen Fuel Cell Vehicle Market Restraints 2.2.5.3. South America Hydrogen Fuel Cell Vehicle Market Opportunities 2.2.5.4. South America Hydrogen Fuel Cell Vehicle Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis for Hydrogen Fuel Cell Vehicle Industry 2.8. Analysis of Government Schemes and Initiatives for Hydrogen Fuel Cell Vehicle Industry 2.8.1. Funding and Investments 2.8.2. Future Market Prospects 2.9. Hydrogen Fuel Cell Vehicle Market Trade Analysis 2.10. The Global Pandemic Impact on Hydrogen Fuel Cell Vehicle Market 3. Hydrogen Fuel Cell Vehicle Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 3.1. Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 3.1.1. Sedan 3.1.2. SUV 3.1.3. Other 3.2. Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 3.2.1. Proton Exchange Membrane Fuel Cell 3.2.2. Phosphoric Acid Fuel Cell 3.3. Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 3.3.1. 0-250 Miles 3.3.2. 251-500 Miles 3.3.3. Above 500 Miles 3.4. Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Hydrogen Fuel Cell Vehicle Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 4.1.1. Sedan 4.1.2. SUV 4.1.3. Other 4.2. North America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 4.2.1. Proton Exchange Membrane Fuel Cell 4.2.2. Phosphoric Acid Fuel Cell 4.3. North America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 4.3.1. 0-250 Miles 4.3.2. 251-500 Miles 4.3.3. Above 500 Miles 4.4. North America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 4.4.1.1.1. Sedan 4.4.1.1.2. SUV 4.4.1.1.3. Other 4.4.1.2. United States Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 4.4.1.2.1. Proton Exchange Membrane Fuel Cell 4.4.1.2.2. Phosphoric Acid Fuel Cell 4.4.1.3. United States Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 4.4.1.3.1. 0-250 Miles 4.4.1.3.2. 251-500 Miles 4.4.1.3.3. Above 500 Miles 4.4.2. Canada 4.4.2.1. Canada Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 4.4.2.1.1. Sedan 4.4.2.1.2. SUV 4.4.2.1.3. Other 4.4.2.2. Canada Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 4.4.2.2.1. Proton Exchange Membrane Fuel Cell 4.4.2.2.2. Phosphoric Acid Fuel Cell 4.4.2.3. Canada Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 4.4.2.3.1. 0-250 Miles 4.4.2.3.2. 251-500 Miles 4.4.2.3.3. Above 500 Miles 4.4.3. Mexico 4.4.3.1. Mexico Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 4.4.3.1.1. Sedan 4.4.3.1.2. SUV 4.4.3.1.3. Other 4.4.3.2. Mexico Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 4.4.3.2.1. Proton Exchange Membrane Fuel Cell 4.4.3.2.2. Phosphoric Acid Fuel Cell 4.4.3.3. Mexico Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 4.4.3.3.1. 0-250 Miles 4.4.3.3.2. 251-500 Miles 4.4.3.3.3. Above 500 Miles 5. Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.2. Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.3. Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4. Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.1.2. United Kingdom Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.1.3. United Kingdom Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.2. France 5.4.2.1. France Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.2.2. France Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.2.3. France Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.3. Germany 5.4.3.1. Germany Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.3.2. Germany Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.3.3. Germany Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.4.2. Italy Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.4.3. Italy Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.5. Spain 5.4.5.1. Spain Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.5.2. Spain Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.5.3. Spain Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.6.2. Sweden Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.6.3. Sweden Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.7.2. Austria Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.7.3. Austria Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 5.4.8.2. Rest of Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 5.4.8.3. Rest of Europe Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6. Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.2. Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.3. Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4. Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.1.2. China Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.1.3. China Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.2.2. S Korea Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.2.3. S Korea Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.3. Japan 6.4.3.1. Japan Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.3.2. Japan Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.3.3. Japan Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.4. India 6.4.4.1. India Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.4.2. India Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.4.3. India Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.5. Australia 6.4.5.1. Australia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.5.2. Australia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.5.3. Australia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.6.2. Indonesia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.6.3. Indonesia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.7.2. Malaysia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.7.3. Malaysia Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.8.2. Vietnam Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.8.3. Vietnam Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.9.2. Taiwan Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.9.3. Taiwan Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 6.4.10.2. Rest of Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 6.4.10.3. Rest of Asia Pacific Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 7. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 7.2. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 7.3. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 7.4. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 7.4.1.2. South Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 7.4.1.3. South Africa Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 7.4.2. GCC 7.4.2.1. GCC Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 7.4.2.2. GCC Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 7.4.2.3. GCC Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 7.4.3.2. Nigeria Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 7.4.3.3. Nigeria Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 7.4.4.2. Rest of ME&A Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 7.4.4.3. Rest of ME&A Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 8. South America Hydrogen Fuel Cell Vehicle Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 8.2. South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 8.3. South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 8.4. South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 8.4.1.2. Brazil Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 8.4.1.3. Brazil Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 8.4.2.2. Argentina Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 8.4.2.3. Argentina Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Vehicle Type (2023-2030) 8.4.3.2. Rest Of South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Technology (2023-2030) 8.4.3.3. Rest Of South America Hydrogen Fuel Cell Vehicle Market Size and Forecast, by Range (2023-2030) 9. Global Hydrogen Fuel Cell Vehicle Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Hydrogen Fuel Cell Vehicle Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Toyota Motor Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Honda Motor Co., Ltd. 10.3. Hyundai Motor Company 10.4. Daimler AG (Mercedes-Benz) 10.5. General Motors Company 10.6. Ballard Power Systems Inc. 10.7. Plug Power Inc. 10.8. Nikola Corporation 10.9. Cummins Inc. 10.10. NEL ASA 10.11. Doosan Fuel Cell 10.12. Bloom Energy Corporation 10.13. AFC Energy plc 10.14. Toshiba Energy Systems & Solutions Corporation 10.15. Horizon Fuel Cell Technologies 10.16. Ceres Power Holdings plc 10.17. SFC Energy AG 10.18. PowerCell Sweden AB 10.19. Nuvera Fuel Cells, LLC 11. Key Findings 12. Industry Recommendations 13. Hydrogen Fuel Cell Vehicle Market: Research Methodology