Global market valuation was derived through revenue mapping and deployment volume analysis. The methodology included:
Identification of 50+ key manufacturers across fuel cell stack production, membrane electrode assembly (MEA) suppliers, hydrogen storage system providers, battery system integrators, and drive system component manufacturers spanning North America, Europe, Asia-Pacific, and emerging markets
Component mapping across fuel cell systems (PEMFC, SOFC), battery systems (lithium-ion for FCEVs), drive systems (RWD, FWD, AWD configurations), and hydrogen storage systems (Type III, Type IV tanks)
Vehicle type analysis across passenger cars, light commercial vehicles (LCV), buses, and heavy-duty trucks with varying power output specifications (<150 KW, 150-250 KW, >250 KW)
Analysis of reported and modeled annual revenues specific to fuel cell powertrain portfolios and hydrogen infrastructure investments
Coverage of manufacturers representing 75-80% of global market share in 2024
Extrapolation using bottom-up (unit shipment volume × system ASP by vehicle category and country) and top-down (OEM revenue validation and hydrogen infrastructure investment tracking) approaches to derive segment-specific valuations including fuel cell stack cost trends, hydrogen storage system pricing, and regional adoption rates
Throw me a hard one. I'll dig deep
K2.5 Thinking