Global Automotive Fuel Cell | Market Trend, Outlook and Key Players with Forecast to 2026 (Business Opportunities - Advertising Service)
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Global Automotive Fuel Cell | Market Trend, Outlook and Key Players with Forecast to 2026 | |
Global Automotive Fuel Cell Market is valued approximately USD 0.44 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 58% over the forecast period 2019-2026. Fuel cell generates energy by utilizing oxygen from the surrounding environment and compressed hydrogen. Most of the vehicles that use fuel cell to power the motor emit water and heat and hence these vehicles are classifies as zero-emission vehicles. The rise in demand for vehicles with better fuel efficiency and increased driving range is a factor responsible for the high CAGR of the global automotive fuel cell market. Further, the rise in demand for automobile in the developing economies is leading to increased automobile production, which in turn is boosting the demand for automotive fuel cell. For instance: according to IBEF, Indian automotive industry (including component manufacturing) is expected to reach rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. Therefore, such enormous automotive market projections are expected to bring attractive opportunities for the automotive fuel cell market over the forecast period. Moreover, stringent norms imposed by government agencies and regulatory bodies on automotive carbon emission is a factor anticipated to boost the automotive fuel cell demand. Additionally, the development of FCEV commercial freight trucks and fuel cell operated buses are the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, insufficient hydrogen producing infrastructure, rising popularity for battery electric vehicles (BEV) and hybrid electric vehicles (HEV) and high cost of fuel cell are few factors anticipated to hinder the growth of global automotive fuel cell market during the forecast period. Request a free sample copy Automotive Fuel Cell Market Report @ https://www.bharatbook.com/marketreports/sample/reports/1969976 The regional analysis of global automotive fuel cell market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to high rate of vehicle production and stringent environment protection policies. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. APAC region represents the biggest market for green technology in the world and therefore is expected to create growth opportunities for the automotive fuel cell market across the region. Major market player included in this report are: Ballard Power Systems Hydrogenics ITM Power Plug Power Nuvera Fuel Cells Ceres Power Nedstack Doosan Corporation Delphi Technologies Proton Power Systems PLC Browse our full report with Table of Content : https://www.bharatbook.com/marketreports/global-automotive-fuel-cell-market-size-study-by-component-by-power-output-by-vehicle-type-by-h2-fuel-station-by-sp/1969976 About - Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com Website: www.bharatbook.com  | |
| Target Nation: All Nations Target City : All Cities Last Update : 20 February 2020 Number of Views: 23 | Item Owner : Prachiti Sharma Contact Email: Contact Phone: 27810773 |
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2020-04-03 (0.082 sec)