Global Hydrogen Fuel Cell Vehicle market is segmented based on Technology, vehicle type, according to the report. Hydrogen Fuel Cell Vehicle Industry 2019 Global market report offers an in-depth Hydrogen Fuel Cell Vehicle market driver, restraints, application, technologies, historical and forecast analysis, with opportunities, threats, and challenge.
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Leading players in the global Hydrogen Fuel Cell Vehicle industry include:
General Motors Company (U.S.), Groupe Renault (France), Mazda Motor Corporation (Japan), Hydrogenics (Canada), Kia Motor Corporation (South Korea), Tata Motors Limited (India), Toyota Motor Sales, USA, Inc. (Japan), The Hyundai Motor Company (South Korea), Daimler AG (Mercedes-Benz) (Germany), BMW (Germany).
Market Research Future published research report on global Hydrogen Fuel Cell Vehicle market. The global hydrogen fuel cell vehicle market is constantly evolving and is expected to witness high growth over the forecast period. The development of new and diversified technologies is creating exciting opportunities within the automotive industry. The global hydrogen fuel cell vehicle market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of hydrogen fuel cell vehicle industry is influenced by the long-term air quality and climate goals.
Hydrogen car accounts for lower global warming emissions than a comparable gasoline car. Hydrogen can connect different energy sectors with energy transmission & distribution, thus increasing the operational flexibility of future low-carbon energy systems. Hydrogen with a low-carbon footprint, has the potential to facilitate significant reductions in energy-related CO2 emissions for lower local air pollutants and noise emissions compared to direct fossil fuel combustion. However entirely new and expensive infrastructure system, acts as a major restraint for the growth of the market.
A new trend in research and development carried out by automotive manufacturers into fuel efficiency with focus on advantageous locations for production and short-distance supply to reduce costs. Hydrogen fuel cell vehicle market is expected to flourish during the forecast period due to the major driving factors such focus on high-quality products, changing lifestyle of consumers and rising spending power. Automotive companies including passenger car manufacturers are constantly trying to emphasize more on innovation for their product offering in order to enhance the efficiency in automotive sector.
Hydrogen Fuel Cell Vehicle Market Segmentation:
The global hydrogen fuel cell vehicle market has been segmented, based on technology, of which the proton exchange membrane fuel cell (PEMFC) segment accounted for the largest market share in the forecasted period.
Proton Exchange Membrane Fuel Cell
Alkaline Fuel cell
Solid Oxide Fuel Cell
Based on vehicle type, it is segmented into commercial car and passenger cars. Passenger cars segment stands at the first place and is expected to grow further in the forecast period. Hydrogen fuel cell vehicle market is expected to grow at a CAGR of more than 8.12%.
By Vehicle type:
Hydrogen Fuel Cell Vehicle Market Regional Analysis:
On the basis of region, the market is segmented on the basis of North America, Asia-Pacific, Europe, and Rest of the World.
In terms of geography, North America accounted for the majority market share and will continue to dominate the market in the forecast period. California continues to witness unparalleled leadership in the area of FCV incentives and hydrogen infrastructure.
The state’s ongoing planning and support led it to be one of the first places in the world to have commercial zero-emission FCVs on its roadways. The developments of hydrogen fueling infrastructure are majorly accelerated by companies such as Toyota Motor Sales, and countries such as U.K., Germany, Japan, and California has announced plans to help the funding of hydrogen fueling station.
Asia Pacific is expected to see significant growth due to the large demand and production of automobiles. Also development of automotive manufacturing industries in economies such as Japan and South Korea continued their strong support of fuel cell technology.
Hydrogen Fuel Cell Vehicle Market Report Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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