Global Fuel Cell Commercial Vehicle Market 2020-2025

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    1. The market is eager for a safe fuel cell especially for purposes that generally have a fixed route. To ensure this, vehicles will have to be built with safety in mind while hydrogen fuelling stations will also have to be set up accordingly
    2. The cost for a fuel cell vehicle right now is not one that operators can bear easily hence will require help from the government
    3. The fuel cell vehicle can offer the power offered by a diesel-powered vehicle. Hence will be preferred over electric commercial vehicle if the other factors such as fuelling etc. are of similar costs
    4. To develop fuel cell technology especially for commercial purposes, governments are combining with universities and private players to distribute the gains throughout while developing cleaner energy
    5. The supply chain for this type of vehicle will also have to be addressed as right now manufacturing is mainly from South Korea, Japan and China




    FCEV trucks have the benefit of being an electric vehicle, but with a similar weight and power output to regular diesel-powered trucks, and have a similar refuelling time of around 15-20 minutes.

    The global fuel cell commercial vehicle market is a very niche market currently set for growth as various OEMs, fuel suppliers and government have shown increasing interest in this technology.




    Hyundai announced that the hydrogen fuel cell system being shipped to the European continent will also be used by non-automotive companies including a Swiss hydrogen solution firm called GRZ Technologies.


    Hiringa Energy and HYZON Motors agree to deploy fuel-cell-powered heavy trucks in New Zealand in 2021.This agreement is in line with Hiringa and its partners’ strategy to roll out over 1,500 FCEVs by 2026.

    The trucks will come in a variety of right-hand drive configurations with a gross combined mass (GCM) of more than 50t and suitable for New Zealand operators including 8×4 and 6×4 rigid and prime movers with driving distances of up to 500km.

    infographic: Fuel Cell Commercial Vehicle Market, Fuel Cell Commercial Vehicle Market size, Fuel Cell Commercial Vehicle Market trends and forecast, Fuel Cell Commercial Vehicle Market risks, Fuel Cell Commercial Vehicle Market report

    Plug Power holds a vision of decarbonizing the globe, and more specifically in the areas of green hydrogen and mobility. The company’s 30 to 125 kW ProGen engine suites heavy-duty vehicle applications, including class 6 and 8 trucks.

    Daimler plans to fuel the truck with liquid hydrogen, rather than the gaseous hydrogen. Daimler Trucks unveiled the concept Mercedes-Benz GenH2 Truck. Due to the use of liquid instead of gaseous hydrogen with its higher energy density, the vehicle’s performance is planned to equal that of a comparable conventional diesel truck. Daimler Trucks plans to have the eActros LongHaul ready for series production in 2024. Its range on one battery charge will be approximately 500 kilometers. With the ePowertrain, Daimler Trucks plans to achieve synergies and economies of scale for all relevant vehicles and markets.

    Freudenberg Sealing Technologies announced a partnership with German vehicle manufacturer Quantron AG to deploy its new fuel cell system in heavy-duty trucks.This partnership is supported by the Energy Research Programme of the Bavarian State Ministry of Economic Affairs, Regional Development and Energy in Germany

    Hyzon Motors launched leasing service for hydrogen commercial vehicles in Europe. Hyzon and its partners have been actively developing complete end-to-end lifecycle solutions that enable fleet operators to viably make the transition to hydrogen fuel cell commercial vehicles.


     Hyundai Motor Group broke ground on first overseas fuel cell system plant in Guangzhou. The annual production target for the facility is 6,500 units, with a goal to gradually expand production capacity in line with Chinese market conditions and central government policies.

    Volvo Group and Daimler Truck AG signed an agreement for a joint venture to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. The ambition of both partners is to make the new company a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.



    • Hyundai Motor is developing a long-distance tractor unit capable of traveling 1,000 kilometers on a single charge equipped with an enhanced fuel cell system with high durability and power, aimed at global markets including North America and Europe.
    • Toyota Motor Corporation has launched its updated Sora Fuel Cell Electrified Vehicle bus (FCEV bus) with improvements to its preventive safety performance. Toyota also integrated its fuel cell technology into Energy Observer Developments’ hydrogen power generator
    • Plug Power, a provider of hydrogen engines and fueling solutions enabling e-mobility, announced a memorandum of understanding (MOU) for the demonstration of Plug Power’s ProGen fuel cell engine in Class 6 and Class 8 vehicles, which will be used by Linde for delivery of products. This fleet of hydrogen fuel cell vehicles is expected to be on the road in early 2021.
    • Daimler unveiled a long-haul fuel-cell semi-truck that will begin customer trials in 2023. The Mercedes-Benz GenH2 is based on the brand’s current Actros semi. It boasts a range of 1,000 kilometers (621 miles) and a payload of 25 tons.
    • SANY developed hydrogen fuel cell construction vehicles. A set of hydrogen cylinders with a combined capacity of 1,680 L ensures a driving distance of more than 500 kilometers (311 miles)
    • Citroen, Peugeot and Vauxhall to launch hydrogen fuel cell vans in 2022. The hydrogen-fuelled hybrid vans can store 4.4Kg of liquid hydrogen in chassis-mounted tanks, while a rechargeable 10.5kWh battery contributes to a total range of 250 miles.



    Hyundai Motor Group aims to secure a 700,000-unit-a-year capacity of fuel cell systems for automobiles as well as vessels, rail cars, drones, and power generators by 2030.The Company shipped 10 units of the Hyundai Xcient Fuel Cell, the fuel cell heavy-duty truck, to Switzerland.

    The company shipped a total of 50 Xcient Fuel Cells to Switzerland in 2020. The goal for Hyundai is to sell 1,600 Xcient units by 2025.


    The global fuel cell vehicle commercial vehicle market is estimated at $XX Million in 2020 growing at –% CAGR till 2025.





    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, 2020-2025
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
    19 Market Segmentation, Dynamics and Forecast by Application, 2020-2025
    20 Market Segmentation, Dynamics and Forecast by End use, 2020-2025
    21 Product installation rate by OEM, 2020
    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, 2020
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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