Hydrogen-based Vehicles Market, By Fuel Cell Type, By Vehicle Type, By Distribution, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032

Description

REPORT HIGHLIGHT

Hydrogen-based Vehicles Market size was valued at USD 1,598.26 million in 2023, expanding at a CAGR of 46.90% from 2024 to 2032.

The Hydrogen-Based Vehicles Market is experiencing transformative growth as manufacturers and consumers increasingly seek sustainable transportation solutions. Hydrogen-based vehicles, which utilize fuel cells to convert hydrogen into electricity, are gaining traction due to their zero-emission capabilities and longer driving ranges than traditional electric vehicles. The rise in government initiatives supporting hydrogen infrastructure, such as the European Union's hydrogen strategy, aims to promote a cleaner mobility ecosystem, with over €7 billion allocated for research and development by 2030. However, challenges remain, including the high costs of hydrogen production and the need for extensive refueling infrastructure. Opportunities abound as technological advancements improve fuel cell efficiency, reduce production costs, and increase consumer awareness of environmental issues. Notably, companies like Toyota and Hyundai are leading the charge, with models like the Toyota Mirai and Hyundai NEXO showcasing the viability of hydrogen as a mainstream automotive fuel. As infrastructure develops and costs decline, the market is poised for substantial expansion.

Hydrogen-based Vehicles Market- Market Dynamics

Rise in Government Initiatives Accelerates Adoption of Hydrogen-Based Vehicles

Government initiatives are playing a crucial role in accelerating the adoption of hydrogen-based vehicles. For instance, the U.S. Department of Energy has allocated $100 million to support hydrogen and fuel cell research, aiming to develop a robust infrastructure by 2025. In Europe, the Hydrogen Strategy for Climate Neutrality outlines a roadmap to create a hydrogen economy, with plans for 1,000 refueling stations by 2025 across member states. Countries like Japan are leading the way, with a target of 800,000 fuel cell vehicles and 5,000 hydrogen stations by 2030, supported by government subsidies and incentives. These initiatives not only foster technological advancements but also enhance public awareness, creating a favorable environment for the growth of hydrogen-based vehicles. As global efforts intensify, the collaboration between governments and industry stakeholders is essential in paving the way for a sustainable hydrogen future.

Hydrogen-based Vehicles Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 46.90% over the forecast period (2024-2032)

Based on Fuel Cell Type segmentation, Proton Exchange Membrane Fuel Cells (PEMFC) was predicted to show maximum market share in the year 2023

Based on Vehicle Type segmentation, Passenger Vehicles. was the leading type in 2023

Based on distribution segmentation, Hydrogen Refueling Stations was the leading type in 2023

On the basis of region, Europe was the leading revenue generator in 2023

Hydrogen-based Vehicles Market- Segmentation Analysis:

The Global Hydrogen-based Vehicles Market is segmented on the basis of Fuel Cell Type, Vehicle Type, Distribution, Application, and Region.

The market is divided into two categories based on Fuel Cell Type: Proton Exchange Membrane Fuel Cells and Solid Oxide Fuel Cells. Proton Exchange Membrane Fuel Cells are predicted to hold the highest market share due to their efficiency and quick startup capabilities, while Solid Oxide Fuel Cells are gaining traction for their high efficiency in stationary applications.

The market is divided into four categories based on Vehicle Type: Passenger Vehicles, Commercial Vehicles, Heavy-Duty Trucks, and Buses. Passenger Vehicles are expected to lead in market share due to growing consumer interest, followed by Commercial Vehicles which are increasingly adopted for logistics. Heavy-duty trucks and Buses are gaining momentum due to their operational efficiency and sustainability benefits.

Hydrogen-based Vehicles Market- Geographical Insights

The Hydrogen-Based Vehicles Market is witnessing significant growth across various regions, with Europe leading the charge. The European Union's Hydrogen Strategy aims to create a hydrogen economy, targeting the establishment of 1,000 hydrogen refueling stations by 2025 and a €7 billion investment in hydrogen technology. Meanwhile, Japan is a frontrunner in hydrogen adoption, with over 3,000 fuel cell vehicles on the road and government support for 5,000 hydrogen stations by 2030, making it a key player in the market. In North America, the U.S. is focusing on expanding its hydrogen infrastructure, backed by a $100 million federal investment to promote research and development. Additionally, California is spearheading initiatives with its ambitious plan for 200 hydrogen stations by 2025. In Asia-Pacific, South Korea aims to have 6,000 fuel cell vehicles and 1,200 refueling stations by 2022, reflecting its commitment to hydrogen technology. These regional initiatives underscore the global momentum towards adopting hydrogen-based vehicles as a sustainable transportation solution.

Hydrogen-based Vehicles Market- Competitive Landscape:

The competitive landscape of the Hydrogen-Based Vehicles Market is characterized by strong activity across various regions, with Europe, Asia-Pacific, and North America emerging as key players. In Europe, companies like Daimler and Hyundai are at the forefront, supported by the EU's commitment to investing €7 billion in hydrogen technology to enhance infrastructure. Asia-Pacific, particularly Japan and South Korea, is notable for its aggressive adoption of hydrogen vehicles; Japan's Toyota has pioneered fuel cell technology, with plans for 800,000 fuel cell vehicles by 2030. Meanwhile, South Korea has implemented a hydrogen roadmap aiming for 6,000 fuel cell vehicles and 1,200 refueling stations. In North America, the U.S. is increasingly competitive, with automakers such as General Motors and Honda investing heavily in hydrogen fuel cell development. California's initiatives for expanding hydrogen infrastructure further enhance this region's market potential. These competitive dynamics across regions illustrate a collaborative effort among governments and companies to foster a robust hydrogen vehicle ecosystem, crucial for sustainable transportation solutions.

Recent Developments:

In May 2024, Volvo Trucks plans to launch hydrogen-powered trucks using combustion engines by 2026, aiming for commercial availability by the decade's end. These trucks will support decarbonization, offering net-zero CO2 emissions potential and complementing existing battery electric and renewable fuel options.

In September 2023, Tata Motors delivered India's first hydrogen fuel cell buses to Indian Oil Corporation, marking a milestone in green mobility. The 12-meter buses feature 350-bar hydrogen storage, 70 kW fuel cell stack, and advanced safety and telematics systems, showcasing Tata's commitment to sustainable transportation solutions.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL HYDROGEN-BASED VEHICLES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Air Liquide S.A.
Ballard Power Systems Inc.
BMW AG
Bosch GmbH
Cummins Inc.
Daimler AG
General Motors Company
Honda Motor Co., Ltd.
Hyundai Motor Company
ITM Power PLC
Linde plc
Nel ASA
Nikola Corporation
Plug Power Inc.
Riversimple Engineering Ltd.
Others

GLOBAL HYDROGEN-BASED VEHICLES MARKET, BY FUEL CELL TYPE- MARKET ANALYSIS, 2019 - 2032

Proton Exchange Membrane Fuel Cells (PEMFC)
Solid Oxide Fuel Cells (SOFC)

GLOBAL HYDROGEN-BASED VEHICLES MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032

Passenger Vehicles
Commercial Vehicles
Heavy-Duty Trucks
Buses

GLOBAL HYDROGEN-BASED VEHICLES MARKET, BY DISTRIBUTION- MARKET ANALYSIS, 2019 - 2032

Hydrogen Refueling Stations
Onsite Production & Consumption

GLOBAL HYDROGEN-BASED VEHICLES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

Personal Mobility
Public Transport
Commercial Use
Industrial Transport

GLOBAL HYDROGEN-BASED VEHICLES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA

Product Code: ANV3986

1. Hydrogen-based Vehicles Market Overview

1.1. Study Scope
1.2. Market Estimation Years

2. Executive Summary

2.1. Market Snippet
- 2.1.1. Hydrogen-based Vehicles Market Snippet by Fuel Cell Type
- 2.1.2. Hydrogen-based Vehicles Market Snippet by Vehicle Type
- 2.1.3. Hydrogen-based Vehicles Market Snippet by Distribution
- 2.1.4. Hydrogen-based Vehicles Market Snippet by Application
- 2.1.5. Hydrogen-based Vehicles Market Snippet by Country
- 2.1.6. Hydrogen-based Vehicles Market Snippet by Region
2.2. Competitive Insights

3. Hydrogen-based Vehicles Key Market Trends

3.1. Hydrogen-based Vehicles Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
3.2. Hydrogen-based Vehicles Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
3.3. Hydrogen-based Vehicles Market Opportunities
3.4. Hydrogen-based Vehicles Market Future Trends

4. Hydrogen-based Vehicles Industry Study

4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis

5. Hydrogen-based Vehicles Market: COVID-19 Impact Analysis

5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments

6. Hydrogen-based Vehicles Market Landscape

6.1. Hydrogen-based Vehicles Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis

7. Hydrogen-based Vehicles Market - By Fuel Cell Type

7.1. Overview
- 7.1.1. Segment Share Analysis, By Fuel Cell Type, 2023 & 2032 (%)
- 7.1.2. Proton Exchange Membrane Fuel Cells (PEMFC)
- 7.1.3. Solid Oxide Fuel Cells (SOFC)

8. Hydrogen-based Vehicles Market - By Vehicle Type

8.1. Overview
- 8.1.1. Segment Share Analysis, By Vehicle Type, 2023 & 2032 (%)
- 8.1.2. Passenger Vehicles
- 8.1.3. Commercial Vehicles
- 8.1.4. Heavy-Duty Trucks
- 8.1.5. Buses

9. Hydrogen-based Vehicles Market - By Distribution

9.1. Overview
- 9.1.1. Segment Share Analysis, By Distribution, 2023 & 2032 (%)
- 9.1.2. Hydrogen Refueling Stations
- 9.1.3. Onsite Production & Consumption

10. Hydrogen-based Vehicles Market - By Application

10.1. Overview
- 10.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 10.1.2. Personal Mobility
- 10.1.3. Public Transport
- 10.1.4. Commercial Use
- 10.1.5. Industrial Transport

11. Hydrogen-based Vehicles Market- By Geography

11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
11.2. North America
- 11.2.1. Overview
- 11.2.2. Hydrogen-based Vehicles Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.2.8. U.S.
  - 11.2.8.1. Overview
  - 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.2.8.3. U.S. Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.2.8.4. U.S. Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.2.8.5. U.S. Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.2.8.6. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.2.9. Canada
  - 11.2.9.1. Overview
  - 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.2.9.3. Canada Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.2.9.4. Canada Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.2.9.5. Canada Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.2.9.6. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.3. Europe
- 11.3.1. Overview
- 11.3.2. Hydrogen-based Vehicles Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.8. Germany
  - 11.3.8.1. Overview
  - 11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.8.3. Germany Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.8.4. Germany Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.8.5. Germany Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.8.6. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.9. Italy
  - 11.3.9.1. Overview
  - 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.9.3. Italy Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.9.4. Italy Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.9.5. Italy Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.9.6. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.10. United Kingdom
  - 11.3.10.1. Overview
  - 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.10.3. United Kingdom Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.10.4. United Kingdom Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.10.5. United Kingdom Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.10.6. United Kingdom Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.11. France
  - 11.3.11.1. Overview
  - 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.11.3. France Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.11.4. France Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.11.5. France Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.11.6. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.12. Russia
  - 11.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.12.2. Russia Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.12.3. Russia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.12.4. Russia Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.12.5. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.13. Netherlands
  - 11.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.13.2. Netherlands Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.13.3. Netherlands Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.13.4. Netherlands Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.13.5. Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.14. Sweden
  - 11.3.14.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.14.2. Sweden Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.14.3. Sweden Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.14.4. Sweden Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.14.5. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.15. Poland
  - 11.3.15.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.15.2. Poland Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.15.3. Poland Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.15.4. Poland Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.15.5. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.16. Rest of Europe
  - 11.3.16.1. Overview
  - 11.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.16.3. Rest of the Europe Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.3.16.4. Rest of the Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.3.16.5. Rest of the Europe Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.3.16.6. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Hydrogen-based Vehicles Key Manufacturers in Asia Pacific
- 11.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.4.4. Asia Pacific Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
- 11.4.5. Asia Pacific Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 11.4.6. Asia Pacific Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
- 11.4.7. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.8. India
  - 11.4.8.1. Overview
  - 11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.8.3. India Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.8.4. India Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.8.5. India Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.8.6. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.9. China
  - 11.4.9.1. Overview
  - 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.9.3. China Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.9.4. China Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.9.5. China Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.9.6. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.10. Japan
  - 11.4.10.1. Overview
  - 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.10.3. Japan Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.10.4. Japan Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.10.5. Japan Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.10.6. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.11. South Korea
  - 11.4.11.1. Overview
  - 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.11.3. South Korea Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.11.4. South Korea Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.11.5. South Korea Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.11.6. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.12. Australia
  - 11.4.12.1. Overview
  - 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.12.3. Australia Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.12.4. Australia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.12.5. Australia Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.12.6. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.13. Thailand
  - 11.4.13.1. Overview
  - 11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.13.3. Thailand Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.13.4. Thailand Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.13.5. Thailand Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.13.6. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.14. Indonesia
  - 11.4.14.1. Overview
  - 11.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.14.3. Indonesia Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.14.4. Indonesia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.14.5. Indonesia Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.14.6. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.15. Philippines
  - 11.4.15.1. Overview
  - 11.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.15.3. Philippines Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.15.4. Philippines Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.15.5. Philippines Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.15.6. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.16. Rest of APAC
  - 11.4.16.1. Overview
  - 11.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.16.3. Rest of APAC Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.4.16.4. Rest of APAC Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.4.16.5. Rest of APAC Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.4.16.6. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.5. Latin America
- 11.5.1. Overview
- 11.5.2. Hydrogen-based Vehicles Key Manufacturers in Latin America
- 11.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.5.4. Latin America Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
- 11.5.5. Latin America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 11.5.6. Latin America Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
- 11.5.7. Latin America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.8. Brazil
  - 11.5.8.1. Overview
  - 11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.8.3. Brazil Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.5.8.4. Brazil Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.5.8.5. Brazil Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.5.8.6. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.9. Mexico
  - 11.5.9.1. Overview
  - 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.9.3. Mexico Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.5.9.4. Mexico Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.5.9.5. Mexico Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.5.9.6. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.10. Argentina
  - 11.5.10.1. Overview
  - 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.10.3. Argentina Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.5.10.4. Argentina Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.5.10.5. Argentina Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.5.10.6. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.11. Colombia
  - 11.5.11.1. Overview
  - 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.11.3. Colombia Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.5.11.4. Colombia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.5.11.5. Colombia Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.5.11.6. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.12. Rest of LATAM
  - 11.5.12.1. Overview
  - 11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.12.3. Rest of LATAM Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.5.12.4. Rest of LATAM Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.5.12.5. Rest of LATAM Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.5.12.6. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.6. Middle East and Africa
- 11.6.1. Overview
- 11.6.2. Hydrogen-based Vehicles Key Manufacturers in Middle East and Africa
- 11.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.6.4. Middle East and Africa Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
- 11.6.5. Middle East and Africa Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 11.6.6. Middle East and Africa Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
- 11.6.7. Middle East and Africa Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.8. Saudi Arabia
  - 11.6.8.1. Overview
  - 11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.8.3. Saudi Arabia Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.8.4. Saudi Arabia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.8.5. Saudi Arabia Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.8.6. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.9. United Arab Emirates
  - 11.6.9.1. Overview
  - 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.9.3. United Arab Emirates Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.9.4. United Arab Emirates Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.9.5. United Arab Emirates Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.9.6. United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.10. Israel
  - 11.6.10.1. Overview
  - 11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.10.3. Israel Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.10.4. Israel Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.10.5. Israel Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.10.6. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.11. Turkey
  - 11.6.11.1. Overview
  - 11.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.11.3. Turkey Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.11.4. Turkey Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.11.5. Turkey Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.11.6. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.12. Algeria
  - 11.6.12.1. Overview
  - 11.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.12.3. Algeria Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.12.4. Algeria Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.12.5. Algeria Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.12.6. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.13. Egypt
  - 11.6.13.1. Overview
  - 11.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.13.3. Egypt Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.13.4. Egypt Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.13.5. Egypt Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.13.6. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.14. Rest of MEA
  - 11.6.14.1. Overview
  - 11.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.14.3. Rest of MEA Market Size and Forecast, By Fuel Cell Type, 2019 - 2032 (US$ Million)
  - 11.6.14.4. Rest of MEA Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 11.6.14.5. Rest of MEA Market Size and Forecast, By Distribution, 2019 - 2032 (US$ Million)
  - 11.6.14.6. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)

12. Key Vendor Analysis- Hydrogen-based Vehicles Industry

12.1. Competitive Dashboard
12.2. Company Profiles
- 12.2.1. Air Liquide S.A.
- 12.2.2. Ballard Power Systems Inc.
- 12.2.3. BMW AG
- 12.2.4. Bosch GmbH
- 12.2.5. Cummins Inc.
- 12.2.6. Daimler AG
- 12.2.7. General Motors Company
- 12.2.8. Honda Motor Co., Ltd.
- 12.2.9. Hyundai Motor Company
- 12.2.10. ITM Power PLC
- 12.2.11. Linde plc
- 12.2.12. Nel ASA
- 12.2.13. Nikola Corporation
- 12.2.14. Plug Power Inc.
- 12.2.15. Riversimple Engineering Ltd.
- 12.2.16. Others

13. 360 Degree Analyst View

14. Appendix

14.1. Research Methodology
14.2. References
14.3. Abbreviations
14.4. Disclaimer
14.5. Contact Us