AUTOMOTIVE & TRANSPORTATION
Global Hydrogen Consumption in Automotive Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Hydrogen Consumption in Automotive Market, By State (Liquid and Gaseous), Type of Hydrogen (Grey, Blue, Green, and Others), Application (Fuel Cell Electric Vehicles, Hydrogen Combustion Engines, and Hydrogen-Methane-Mixtures for Combustion Engines), Fuel Cell Type (Alkaline Fuel Cells (AFCs), Proton Exchange Membrane Fuel Cells (PEMFCs), Polymer Electrolyte Membrane Fuel Cells, Direct Methanol Fuel Cells (DMFCs), Phosphonic Acid Fuel Cells (PAFCs), Molten Carbonate Fuel Cells (MCFCs), Solid Oxide Fuel Cells (SOFCs), and Others), Technology (Steam Methane Reforming (SMR), Partial Oxidation (POX), Auto Thermal Reforming (ATR), Coal Gasification, Electrolysis, and Others), Delivery Mode (Liquid on-site, Bulk and Cylinder, Bulk, and Small on-site), Storage Type (Compressed Gas, Cold/Cyro-compressed, and Others), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Duty Trucks, Buses and Coaches, and Off-road Vehicles), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Hydrogen Consumption in Automotive market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
The hydrogen consumption in automotive market refers to the use of hydrogen as a fuel or energy carrier within the automotive sector. This market primarily encompasses two main applications: hydrogen fuel cell vehicles (FCVs) and internal combustion engine vehicles (ICEVs) that use hydrogen as a fuel.
Hydrogen fuel cells are electrochemical devices that convert the chemical energy of hydrogen directly into electrical energy and heat through a chemical reaction with oxygen or another oxidizing agent. Internal combustion engine vehicles (ICEVs) are automobiles powered by engines that burn fuel inside cylinders within the engine. These engines generate mechanical power through the combustion of a fuel-air mixture, which drives the vehicle's wheels through a transmission system. Use of hydrogen in both these areas are gaining significance.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Energy security and diversification
- Long driving range and fast refueling
RESTRAINTS
- High costs
- Consumer awareness and acceptance
OPPORTUNITIES
- Diverse applications and markets
- Collaboration and partnerships
CHALLENGES
- Competition from Battery Electric Vehicles (BEVs)
- Fuel production and sustainability
SEGMENTATION
- State
- Liquid
- Gaseous
- Type of Hydrogen
- Grey
- Blue
- Green
- Others
- Application
- Fuel Cell Electric Vehicles
- Hydrogen Combustion Engines
- Hydrogen- Methane- Mixtures for Combustion Engines
- Fuel Cell Type
- Alkaline Fuel Cells (AFCs)
- Proton Exchange Membrane Fuel Cells (PEMFCs)
- Polymer Electrolyte Membrane Fuel Cells
- Direct Methanol Fuel Cells (DMFCs)
- Phosphonic Acid Fuel Cells (PAFCs)
- Molten Carbonate Fuel Cells (MCFCs)
- Solid Oxide Fuel Cells (SOFCs)
- Others
- Technology
- Steam Methane Reforming (SMR)
- Partial Oxidation (POX)
- Auto Thermal Reforming (ATR)
- Coal Gasification
- Electrolysis
- Others
- Delivery Mode
- Liquid on-site
- Bulk and Cylinder
- Bulk
- Small on-site
- Storage Type
- Compressed Gas
- Cold/Cyro-compressed
- Others
- Vehicle Type
- Passenger Vehicles
- Hatchbacks
- Sedans
- SUVs
- Light Commercial Vehicles
- Heavy Duty Trucks
- Buses and Coaches
- Off-road Vehicles
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Linde PLC
- Shell
- Air Products and Chemicals Inc.
- Chevron Corporation
- Air Liquide
- Uniper SE
- RWE
- E.ON Hydrogen GmbH
- SFC Energy AG
- Merck KGaA
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Hydrogen Consumption in Automotive Market, by State
- 3.2 Global Hydrogen Consumption in Automotive Market, by Type of Hydrogen
- 3.3 Global Hydrogen Consumption in Automotive Market, by Application
- 3.4 Global Hydrogen Consumption in Automotive Market, by Fuel Cell Type
- 3.5 Global Hydrogen Consumption in Automotive Market, by Technology
- 3.6 Global Hydrogen Consumption in Automotive Market, by Delivery Mode
- 3.7 Global Hydrogen Consumption in Automotive Market, by Storage Type
- 3.8 Global Hydrogen Consumption in Automotive Market, by Vehicle Type
- 3.9 Global Hydrogen Consumption in Automotive Market, by Geography
- 3.10 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Surge in focus on limiting carbon emissions
- 5.1.2 Increase in production of hydrogen-based vehicles
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Energy security and diversification
- 5.2.2 Long driving range and fast refueling
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High costs
- 5.3.2 Consumer awareness and acceptance
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Diverse applications and markets
- 5.4.2 Collaboration and partnerships
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Competition from Battery Electric Vehicles (BEVs)
- 5.5.2 Fuel production and sustainability
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY STATE
- 6.1 State Summary
- 6.2 Market Attractive Index
- 6.3 Global Hydrogen Consumption in Automotive Market, by State (2019-2032)
- SECTION 7 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY TYPE OF HYDROGEN
- 7.1 Type of Hydrogen Summary
- 7.2 Market Attractive Index
- 7.3 Global Hydrogen Consumption in Automotive Market, by Type of Hydrogen (2019-2032)
- SECTION 8 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Hydrogen Consumption in Automotive Market, by Application (2019-2032)
- SECTION 9 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY FUEL CELL TYPE
- 9.1 Fuel Cell Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Hydrogen Consumption in Automotive Market, by Fuel Cell Type (2019-2032)
- SECTION 10 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY TECHNOLOGY
- 10.1 Technology Summary
- 10.2 Market Attractive Index
- 10.3 Global Hydrogen Consumption in Automotive Market, by Technology (2019-2032)
- SECTION 11 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY DELIVERY MODE
- 11.1 Delivery Mode Summary
- 11.2 Market Attractive Index
- 11.3 Global Hydrogen Consumption in Automotive Market, by Delivery Mode (2019-2032)
- SECTION 12 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY STORAGE TYPE
- 12.1 Storage Type Summary
- 12.2 Market Attractive Index
- 12.3 Global Hydrogen Consumption in Automotive Market, by Storage Type (2019-2032)
- SECTION 13 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY VEHICLE TYPE
- 13.1 Vehicle Type Summary
- 13.2 Market Attractive Index
- 13.3 Global Hydrogen Consumption in Automotive Market, by Vehicle Type (2019-2032)
- SECTION 14 - GLOBAL HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET, BY GEOGRAPHY
- 14.1 Regional Summary
- 14.2 Market Attractive Index
- 14.3 Global Hydrogen Consumption in Automotive Market, by Geography (2019-2032)
- SECTION 15 - NORTH AMERICA HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET
- 15.1 North America Summary
- 15.2 Market Attractive Index
- 15.3 North America Hydrogen Consumption in Automotive Market, by State (2019-2032)
- 15.4 North America Hydrogen Consumption in Automotive Market, by Type of Hydrogen (2019-2032)
- 15.5 North America Hydrogen Consumption in Automotive Market, by Application (2019-2032)
- 15.6 North America Hydrogen Consumption in Automotive Market, by Fuel Cell Type (2019-2032)
- 15.7 North America Hydrogen Consumption in Automotive Market, by Technology (2019-2032)
- 15.8 North America Hydrogen Consumption in Automotive Market, by Delivery Mode (2019-2032)
- 15.9 North America Hydrogen Consumption in Automotive Market, by Storage Type (2019-2032)
- 15.10 North America Hydrogen Consumption in Automotive Market, by Vehicle Type (2019-2032)
- 15.11 North America Hydrogen Consumption in Automotive Market, by Country (2019-2032)
- 15.11.1 U.S.
- 15.11.2 Canada
- 15.11.3 Mexico
- 15.11.4 Rest of North America
- SECTION 16 - EUROPE HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET
- 16.1 Europe Summary
- 16.2 Market Attractive Index
- 16.3 Europe Hydrogen Consumption in Automotive Market, by State (2019-2032)
- 16.4 Europe Hydrogen Consumption in Automotive Market, by Type of Hydrogen (2019-2032)
- 16.5 Europe Hydrogen Consumption in Automotive Market, by Application (2019-2032)
- 16.6 Europe Hydrogen Consumption in Automotive Market, by Fuel Cell Type (2019-2032)
- 16.7 Europe Hydrogen Consumption in Automotive Market, by Technology (2019-2032)
- 16.8 Europe Hydrogen Consumption in Automotive Market, by Delivery Mode (2019-2032)
- 16.9 Europe Hydrogen Consumption in Automotive Market, by Storage Type (2019-2032)
- 16.10 Europe Hydrogen Consumption in Automotive Market, by Vehicle Type (2019-2032)
- 16.11 Europe Hydrogen Consumption in Automotive Market, by Country (2019-2032)
- 16.11.1 Germany
- 16.11.2 U.K.
- 16.11.3 France
- 16.11.4 Italy
- 16.11.5 Spain
- 16.11.6 Russia
- 16.11.7 The Netherlands
- 16.11.8 Belgium
- 16.11.9 Turkey
- 16.11.10 Rest of Europe
- SECTION 17 - ASIA-PACIFIC HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Hydrogen Consumption in Automotive Market, by State (2019-2032)
- 16.4 Asia-Pacific Hydrogen Consumption in Automotive Market, by Type of Hydrogen (2019-2032)
- 16.5 Asia-Pacific Hydrogen Consumption in Automotive Market, by Application (2019-2032)
- 16.6 Asia-Pacific Hydrogen Consumption in Automotive Market, by Fuel Cell Type (2019-2032)
- 16.7 Asia-Pacific Hydrogen Consumption in Automotive Market, by Technology (2019-2032)
- 16.8 Asia-Pacific Hydrogen Consumption in Automotive Market, by Delivery Mode (2019-2032)
- 16.9 Asia-Pacific Hydrogen Consumption in Automotive Market, by Storage Type (2019-2032)
- 16.10 Asia-Pacific Hydrogen Consumption in Automotive Market, by Vehicle Type (2019-2032)
- 16.11 Asia-Pacific Hydrogen Consumption in Automotive Market, by Country (2019-2032)
- 16.11.1 China
- 16.11.2 India
- 16.11.3 Japan
- 16.11.4 South Korea
- 16.11.5 Singapore
- 16.11.6 Malaysia
- 16.11.7 Australia
- 16.11.8 Thailand
- 16.11.9 Philippines
- 16.11.10 Rest of Asia-Pacific
- SECTION 18 - SOUTH AMERICA HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET
- 18.1 South America Summary
- 18.2 Market Attractive Index
- 18.3 South America Hydrogen Consumption in Automotive Market, by State (2019-2032)
- 18.4 South America Hydrogen Consumption in Automotive Market, by Type of Hydrogen (2019-2032)
- 18.5 South America Hydrogen Consumption in Automotive Market, by Application (2019-2032)
- 18.6 South America Hydrogen Consumption in Automotive Market, by Fuel Cell Type (2019-2032)
- 18.7 South America Hydrogen Consumption in Automotive Market, by Technology (2019-2032)
- 18.8 South America Hydrogen Consumption in Automotive Market, by Delivery Mode (2019-2032)
- 18.9 South America Hydrogen Consumption in Automotive Market, by Storage Type (2019-2032)
- 18.10 South America Hydrogen Consumption in Automotive Market, by Vehicle Type (2019-2032)
- 18.11 South America Hydrogen Consumption in Automotive Market, by Country (2019-2032)
- 18.11.1 Brazil
- 18.11.2 Argentina
- 18.11.3 Chile
- 18.11.4 Colombia
- 18.11.5 Rest of South America
- SECTION 19 - MIDDLE EAST AND AFRICA HYDROGEN CONSUMPTION IN AUTOMOTIVE MARKET
- 19.1 Middle East and Africa Summary
- 19.2 Market Attractive Index
- 19.3 Middle East and Africa Hydrogen Consumption in Automotive Market, by State (2019-2032)
- 19.4 Middle East and Africa Hydrogen Consumption in Automotive Market, by Type of Hydrogen (2019-2032)
- 19.5 Middle East and Africa Hydrogen Consumption in Automotive Market, by Application (2019-2032)
- 19.6 Middle East and Africa Hydrogen Consumption in Automotive Market, by Fuel Cell Type (2019-2032)
- 19.7 Middle East and Africa Hydrogen Consumption in Automotive Market, by Technology (2019-2032)
- 19.8 Middle East and Africa Hydrogen Consumption in Automotive Market, by Delivery Mode (2019-2032)
- 19.9 Middle East and Africa Hydrogen Consumption in Automotive Market, by Storage Type (2019-2032)
- 19.10 Middle East and Africa Hydrogen Consumption in Automotive Market, by Vehicle Type (2019-2032)
- 19.11 Middle East and Africa Hydrogen Consumption in Automotive Market, by Country (2019-2032)
- 19.11.1 Kingdom of Saudi Arabia
- 19.11.2 South Africa
- 19.11.3 U.A.E.
- 19.11.4 Egypt
- 19.11.5 Rest of Middle East and Africa
- SECTION 20 - COMPANY SHARE ANALYSIS
- 20.1 Global Hydrogen Consumption in Automotive Market, Company Share Analysis
- 20.2 North America Hydrogen Consumption in Automotive Market, Company Share Analysis
- 20.3 Europe Hydrogen Consumption in Automotive Market, Company Share Analysis
- 20.4 Asia-Pacific Hydrogen Consumption in Automotive Market, Company Share Analysis
- SECTION 21 - COMPANY PROFILES
- 21.1 Linde PLC
- 21.1.1 Company Snapshot
- 21.1.2 Financial Overview
- 21.1.3 Product Portfolio
- 21.1.4 Recent Developments
- 21.2 Shell
- 21.2.1 Company Snapshot
- 21.2.2 Financial Overview
- 21.2.3 Product Portfolio
- 21.2.4 Recent Developments
- 21.3 Air Products and Chemicals Inc.
- 21.3.1 Company Snapshot
- 21.3.2 Financial Overview
- 21.3.3 Product Portfolio
- 21.3.4 Recent Developments
- 21.4 Chevron Corporation
- 21.4.1 Company Snapshot
- 21.4.2 Financial Overview
- 21.4.3 Product Portfolio
- 21.4.4 Recent Developments
- 21.5 Air Liquide
- 21.5.1 Company Snapshot
- 21.5.2 Financial Overview
- 21.5.3 Product Portfolio
- 21.5.4 Recent Developments
- 21.6 Uniper SE
- 21.6.1 Company Snapshot
- 21.6.2 Financial Overview
- 21.6.3 Product Portfolio
- 21.6.4 Recent Developments
- 21.7 RWE
- 21.7.1 Company Snapshot
- 21.7.2 Financial Overview
- 21.7.3 Product Portfolio
- 21.7.4 Recent Developments
- 21.8 E.ON Hydrogen GmbH
- 21.8.1 Company Snapshot
- 21.8.2 Financial Overview
- 21.8.3 Product Portfolio
- 21.8.4 Recent Developments
- 21.9 SFC Energy AG
- 21.9.1 Company Snapshot
- 21.9.2 Financial Overview
- 21.9.3 Product Portfolio
- 21.9.4 Recent Developments
- 21.10 Merck KGaA
- 21.10.1 Company Snapshot
- 21.10.2 Financial Overview
- 21.10.3 Product Portfolio
- 21.10.4 Recent Developments
- SECTION 22 - RELATED REPORTS
- SECTION 23 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.