The Global Automotive Fuel Cell Market size was estimated at USD 670.95 Million in 2020 and expected to reach USD 744.49 Million in 2021, at a Compound Annual Growth Rate (CAGR) 12.60% to reach USD 1,214.77 Million by 2025.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Automotive Fuel Cell Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
"Umicore N.V. scored highest as a forefront vendor in FPNV Positioning Matrix for Automotive Fuel Cell Market"
Forefront are rated highly by the users for product satisfaction and have substantially good business strategy scores. F-Forefront include Umicore N.V., Toshiba Corporation, Hyundai Motor Company, Daimler AG, Plug Power, Inc., Nuvera Fuel Cells, LLC, and Ballard Power Systems.
"Ceres Power Holdings PLC scored highest as a pathfinder and expected to the upcoming forefront in next couple of years"
Pathfinder have significant product satisfaction ratings but somehow lack business strategy as compared to forefronts and vitals. P-Pathfinder include Ceres Power Holdings PLC, FuelCell Energy, Inc., Nedstack Fuel Cell Technology B.V., PowerCell Sweden AB, Proton Motor Fuel Cell GmbH, ITM Power PLC, and Riversimple.
"Arcola Energy Limited named as an upcoming vendor to watch in Automotive Fuel Cell Market"
Niche solutions cater to the need of comparatively smaller segment of the overall market. They do not have the business strategy of the Forefront. They may have been rated positively on product satisfaction but have not yet received enough reviews to validate them. N-Niche include Arcola Energy Limited, Elcogen AS, SOLIDpower GmbH, WATT Fuel Cell Corporation, Oorja Fuel Cell, Swiss Hydrogen SA, and Shanghai Shen-li High Tech Co.,Ltd..
"Innovative offerings by Toyota Motor Corporation expected to increase its product satisfaction level for Automotive Fuel Cell Market in upcoming years"
Vital have comparatively good business strategy but have not yet achieved the business strategy of the Forefront. However, they have low product satisfaction ratings. V-Vital include Toyota Motor Corporation, Air Liquide S.A., SAIC Motor Corporation Limited, Doosan Corporation, and Nikola Motor Company.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Automotive Fuel Cell Market, including Air Liquide S.A., Arcola Energy Limited, Ballard Power Systems, Ceres Power Holdings PLC, Daimler AG, Doosan Corporation, Elcogen AS, FuelCell Energy, Inc., Hyundai Motor Company, ITM Power PLC, Nedstack Fuel Cell Technology B.V., Nikola Motor Company, Nuvera Fuel Cells, LLC, Oorja Fuel Cell, Plug Power, Inc., PowerCell Sweden AB, Proton Motor Fuel Cell GmbH, Riversimple, SAIC Motor Corporation Limited, Shanghai Shen-li High Tech Co.,Ltd., SOLIDpower GmbH, Swiss Hydrogen SA, Toshiba Corporation, Toyota Motor Corporation, Umicore N.V., and WATT Fuel Cell Corporation.