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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Batteries are still included in fuel cell vehicles, but they are significantly lighter and smaller than those in battery-electric vehicles. In general, batteries weigh more than internal combustion engines, which can be problematic for specific types of cars.
A fuel tank is also present in fuel cell vehicles. Because they store more energy at a lower density than battery electric vehicles, they can function at greater ranges when combined with the lighter battery.
Both fuel cell and battery electric vehicles produce fewer pollutants than their internal combustion engine equivalents and are the only technologies that have the potential to emit no carbon dioxide, depending on the emissions from charging and hydrogen production.
The Thailand Fuel Cell Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The hydrogen fuel cell-powered Toyota Mirai will be on display at the "Sustainable Energy and Technology Asia" conference in Bangkok.
The Mirai's hydrogen fueling time is approximately three minutes, and its cruising range is approximately 650 kilometres under Toyota's standard measurements, giving it the same usability as a typical gasoline-powered vehicle.
These improvements are made possible by the newly developed, compact, and high-performance Toyota fuel-cell (FC) system.
Hydrogen fuel cell electric vehicles (FCEV) were described as "the future" of transportation in Thailand by Kumwell Corporation during a speech at the Asian Lubricants Industry Association (ALIA) Annual Meeting in Bangkok.
It acknowledged that biofuels play a direct role in reducing emissions and replacing petroleum, and placed a strong emphasis on promoting the use of battery electric vehicles.
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 |