Home » Automotive, Business, Electronics & Semiconductors, Technology, UK » Fuel Cell Market in the Automotive Industry Growing at a 45.27% CAGR to 2019
“Companies mentioned in Research:
• Delphi Automotive Systems,
• Energy OR Technologies,
• H2 Logic,
• Symbio FCell,
• Proton Motors,
• Oorja Protonics,
• Nuvera Fuel Cell,
• Intelligent Energy,
• Infintium Fuel”
According to a recent analysis, the fuel cell market in automotive industry is expected to grow at a CAGR of 45.27% during the forecast period 2016-2020. And in terms of shipments, it is projected that this market will grow beyond 45% by 2019 end.

Fuel cell market in the automotive industry research said: “Companies are making huge investments in R&D in the fuel cell industry. Many universities and government organizations are engaged in research and demonstration projects of new technologies in the industry. For instance, the National Energy Foundation is working with New Energy and Industrial Technology Development Organization (NEDO) in the UK on various fuel cell research projects.”

Complete research on Fuel Cell Market in the Automotive Industry to 2019 available at:
http://www.marketintelreports.com/report/irtntr7762/global-fuel-cell-market-in-the-automotive-industry-20152019

Further, the report states that vendors need to address some functional issues associated with fuel cell systems, which include improving thermal, air, and water management.

Notable End Use Industries: Material Handling Vehicles, Light Duty Vehicles, Buses, and Aerospace.

Fuel cell market in the automotive industry is positively driven by the increasing demand for Fuel Cells in segments like Material Handling Vehicles, Light Duty Vehicles, Buses and Aerospace.

The key trend of the market especially in these segments is the increased investment into R&D and funding.

Check research sample here:
http://www.marketintelreports.com/pdfdownload.php?id=irtntr7762

Key Vendors: Ballard Power Systems, ACAL, Nuvera Fuel Cells, Plug Power and Hydrogenics.

While the above mentioned are the top competitors and providers for the fuel cell in automotive industry, this market report lists out the other important leaders of the global fuel cell market in the automotive industry:

  • Delphi Automotive Systems,
  • Energy OR Technologies,
  • H2 Logic,
  • Symbio FCell,
  • Proton Motors,
  • Oorja Protonics,  
  • Nuvera Fuel Cell,
  • Intelligent Energy
  • Infintium Fuel Cell Systems.


Major Driving Factors: Development of hydrogen infrastructure

Fuel cells generate less pollution as hydrogen combines with oxygen to form water, a harmless by-product. Thus with a post-process perspective, the fuel cells offer benefits to both local surroundings as well is a broader sense.

Development of the hydrogen infrastructure is the key driver for the growth of Fuel cell market in the automotive industry. Since hydrogen is the primary fuel used in fuel cell electric vehicles (FCEVs), around 80 million tons of hydrogen is produced every year to meet the growing need for hydrogen fuel cells in FCEVs. In order to sustain the high growth of the global fuel cell market, huge investments are being made to scale up the hydrogen production capacity and also to develop clean and emission-free hydrogen production technologies.  

While the key challenge faced by this market is the functional issues, top investors and leading players are coming up with solutions to solve the issues and improve the overall circumstances.

Fuel cell market in the automotive industry is divided into the following segments based on type of vehicle: 

• Light-duty vehicles
• Fuel cell buses
• Material handling

After global analysis, the U.S., Japan and Germany are accounted to be the leading geographical regions of the fuel cell in automotive industry market.

Order a copy of Fuel Cell Market in the Automotive Industry to 2019 report at:
http://www.marketintelreports.com/purchase.php?id=irtntr7762

On a related note, another research on “2015 Market Research Report on Global Fuel Cell Industry” available at:
http://www.marketintelreports.com/report/qyr00391/2015-market-research-report-on-global-fuel-cell-industry


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