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Last Updated: Apr 26, 2025 | Study Period: 2024-2030
Fuel cells employ a chemical reaction to generate energy from hydrogen and oxygen. While hydrogen is a highly flammable gas, oxygen aids in the combustion of other compounds at lower temperatures.
The fuel can catch fire if not handled carefully; hydrogen sparks are undetectable and can burst. Fuel cells are placed within FCEVs, where hydrogen gas is kept under pressure. The hydrogen might catch fire if only a spark of energy comes into contact with it.
Though power is generated without burning in fuel cells, thereby reduces the risk of a vehicle bursting into flames, the vehicle contains various electromechanical equipment.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Toyota develops new module to store, transport hydrogen | The storage element, according to the business, will allow the tank to be used for purposes other than autos. | Global | This would enhance better Technological Controls |
| 2 | Bosch Engineering Develops Control Unit for Fuel Cell Systems | The tank shut-off valve, pressure regulator, and purge valve along the hydrogen pathway are all controlled by the Fuel Cell Control Unit. | Global | This would enhance better Technological Controls |
| 3 | Electronics Expertise of Vitesco Technologies is Now also Available for Control of Fuel Cell Applications | The technology is now being employed in hydrogen-fuelled fuel cell systems for heavy-duty trucks and off-road vehicles. | Global | This would enhance better Technological Controls |
| 4 | BorgWarner lands hydrogen project with OEM | The complete fuel injection system, including the controller, software, and calibration, would be integrated. | Global | This would enhance better Technological Controls |
Government attempts to expand hydrogen facilities are projected to increase the market, and so are the significant efficiency advancements in the car industry for fuel-efficient systems.
The COVID-19 epidemic has caused vehicle production to be halted and supply issues, effectively halting the automotive industry. For the next few quarters, automakers will be concerned about lower vehicle sales.
Prior to that, sluggish expansion of the fuel cell powertrain industry would be caused by decreased car sales and a sudden suspension in demand.
Robert Bosch Inc. is a leading mobiliser of the Control IC modules in the market. The latest integration has been the fuel-cell system's various subsystems, including the hydrogen delivery, oxygen generator, thermal as well as water infrastructure, and the tank system.
To ensure the system's operation, the FCCU includes a monitoring concept. It has open- as well as inner current control software that includes physical model-based functions. Fast controls allow for the highly dynamic fuel-cell stack operating required by modern electric cars.
Prodrive inc. is part of the component manufacture trending companies in the current industry. As part of a programme partially financed by the Technology Strategy Board, a new production-ready ECU exclusively for the management of hydrogen cars has been developed.
The PP150 is ready for production and was created exclusively for use with Intelligent Energy's 50 kW fuel cell system. It is the first of its kind in the UK fuel cell sector. The project was supported in part by the Technology Strategy Board and the Department of Trade and Industry over a three-year period.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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