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Fuel Cell Powertrain Market

Fuel Cell Powertrain Market Size, Share and Segmentation by Component (Fuel Cell System, Battery System, Drive System, Hydrogen Storage System, Others), by Drive Type (Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), All-Wheel Drive (AWD)), by Power Output (<150>250kW), by Regions and Global Market Forecast 2023-2030

Report Id: SNS/AUTO/2252 | July 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Fuel Cell Powertrain Market Size was valued at USD 513.92 million in 2022 and is expected to reach USD 11.95 billion by 2030 and grow at a CAGR of 48.2% over the forecast period 2023-2030.

A powertrain is an electrically driven device in which a fuel cell converts hydrogen energy into electricity. Material handling, transportation, and emergency backup control are some of the possible applications for it. The fuel cell power train, in contrast to the internal combustion engine, does not release any harmful emissions into the atmosphere, making it both highly efficient and environmentally friendly. The powertrain fuel cell is a low-cost mobility solution that produces zero emissions in the immediate area. This is a component of a hybrid fuel cell car, which is a vehicle in which electricity is generated by a fuel cell by using hydrogen as the source of energy. Fuel cells are utilized in a variety of applications, including transportation, the handling of materials, and the provision of emergency backup power. The powertrain system that uses fuel cells, as opposed to an internal combustion engine, is both extremely efficient and friendly to the environment because it does not produce any harmful pollutants.

Fuel Cell Powertrain Market Revenue Graph

In 2021, The hydrogen fuel cell powertrain developed by BMW has entered the testing phase. This will be an alternative to battery-electric drive trains, which will allow for long-distance travel as well as freedom from the inconvenience of charging infrastructure. The e-Drive powertrain will be in its fifth iteration when it is used in the next powertrain for the BMW I hydrogen.



  • Better fuel efficiency and range will raise FCEV demand, driving the fuel cell powertrain market.

  • The environmental concerns about GHG emissions may be the primary reason for the rise of the market.

  • Hydrogen-powered fuel cell vehicles have a lower carbon footprint than other choices.


  • There are further obstacles to the expansion of the FEV market because of the high cost of FEVs.

  • Since hydrogen gas is so light, it cannot be scented to detect leaks immediately.

  • Fuel cell powertrain market growth is being stifled by a lack of consumer interest in FCEVs.


  • Manufacturers and governments are conducting R&D to reduce fuel cell costs.

  • Fuel cell technology requires a strong infrastructure to support hydrogen-powered transportation.


  • Increasing demand for battery and hybrid electric vehicles may hinder fuel cell vehicle industry growth.

  • FCEV models are restricted, and hydrogen fueling stations are unavailable.

  • Hydrogen is a highly combustible gas. If care is not taken, the fuel can catch fire.


As part of the response to the COVID-19 epidemic, the governments of a number of different countries instituted statewide lockdowns. As a direct result of this, sales of new vehicles and production at facilities that produce them were halted across the globe. The demand in the market for fuel cell powertrain was negatively impacted as a result of this. As a result of COVID-19's severe lockdowns and social alienation, the market for fuel cell powertrains was negatively impacted. The demand for fuel cell powertrain technology was hindered by economic instability, a corporate shutdown, and a lack of customer trust. During the epidemic, the supply chain was affected by logistical delays. But the market for fuel cell powertrains should recover in the post-pandemic situation if restrictions are eased.


Robert Bosch (Germany), AVID Technology Ltd (UK), Delphi Technologies (UK), Ballard Power Systems (Canada), BMW, Brown Machine Group (US), Ceres Power (UK), ITM Power Manufacturers (UK), Cummins (US), Denso Corporation (Japan), Bloom Energy (US), and SFC Energy (Germany) are some of the affluent competitors with significant market share in the Fuel Cell Powertrain Market.


Market, By Component:

The global market has been divided into Fuel Cell Systems, Battery systems, Drive systems, Hydrogen Storage systems, and Others Based on the components segment. The fuel cell powertrain market is expected to be dominated by fuel cell systems throughout the projected period. When it comes to fuel cell powertrain systems, there is no better place to start than at the heart of the matter: the fuel cell stack.

Market, By Drive Type:

The global market has been divided into Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), and All-Wheel Drive (AWD) Based on the drive type segment. The market share represented by vehicles with rear-wheel drive (RWD) was sizable, and it is projected to expand at a substantial compound annual growth rate (CAGR) over the next few years.

Market, By Power Output:

The global market has been divided into <150 kW, 150-250 kW, and >250kW based on the power output segment. In the future years, it is predicted that the category spanning 150–250 KW would develop at a CAGR.


By Component:

  • Fuel Cell System

  • Battery System

  • Drive System

  • Hydrogen Storage System

  • Others

By Drive Type:

  • Rear-Wheel Drive (RWD)

  • Front-Wheel Drive (FWD)

  • All-Wheel Drive (AWD)

By Power Output:

  • <150 kW

  • 150-250 kW

  • >250kW

Fuel Cell Powertrain Market Segment Chart


The Middle East and Africa, Latin America, Asia Pacific, Europe, and North America are the geographical submarkets that may be distinguished while analyzing the worldwide fuel cell powertrain market. The market for fuel cell powertrains in Asia and the Pacific is anticipated to increase at a high pace over the period covered by the projection. The presence of a number of fuel cell power train manufacturers, both domestic and international, is another factor that can be credited for the expansion of the industry in the Asia Pacific region. During the time frame covered by the estimate, the market for fuel cell powertrains in North America is anticipated to have a high degree of consistency. In the not-too-distant future, it is anticipated that Europe will hold a significant share of the global market for fuel cell powertrains. This is primarily attributable to an increase in the efforts made by automobile manufacturers to reduce vehicle weight in order to maximize the efficiency of the vehicle.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Fuel Cell Powertrain Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 513.92 Million
Market Size by 2030 US$ 11.95 Billion
CAGR CAGR of 48.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Fuel Cell System, Battery System, Drive System, Hydrogen Storage System, Others)
• by Drive Type (Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), All-Wheel Drive (AWD))
• by Power Output (<150>250kW)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Robert Bosch (Germany), AVID Technology Ltd (UK), Delphi Technologies (UK), Ballard Power Systems (Canada), BMW, Brown Machine Group (US), Ceres Power (UK), ITM Power Manufacturers (UK), Cummins (US), Denso Corporation (Japan), Bloom Energy (US), and SFC Energy (Germany)
Key Drivers •Better fuel efficiency and range will raise FCEV demand, driving the fuel cell powertrain market.

•The environmental concerns about GHG emissions may be the primary reason for the rise of the market.
RESTRAINTS •There are further obstacles to the expansion of the FEV market because of the high cost of FEVs.

•Since hydrogen gas is so light, it cannot be scented to detect leaks immediately.

Frequently Asked Questions (FAQ) :

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Fuel Cell Powertrain Market Segmentation, By Component

8.1 Fuel Cell System

8.2 Battery System

8.3 Drive System

8.4 Hydrogen Storage System

8.5 Others


9. Global Fuel Cell Powertrain Market Segmentation, By Drive Type

9.1 Rear-Wheel Drive (RWD)

9.2 Front-Wheel Drive (FWD)

9.3 All-Wheel Drive (AWD)


10. Global Fuel Cell Powertrain Market Segmentation, By Power Output

10.1 <150 kW

10.2 150-250 kW

10.3 >250kW


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America


12. Company Profiles

12.1 Robert Bosch (Germany),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 AVID Technology Ltd (UK)

12.3 Delphi Technologies (UK)

12.4 Ballard Power Systems (Canada)

12.5 Brown Machine Group (US)

12.6 Ceres Power (UK)

12.7 ITM Power Manufacturers (UK)

12.8 Cummins (US)

12.9 Denso Corporation (Japan)

12.10 Bloom Energy (US)

12.11 SFC Energy (Germany)

12.12 BMW


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of the good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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