Hydrogen Fuel Cell Vehicle Global Market is segmented By Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell), By Vehicle Type (Commercial Vehicle and Passenger Cars) and Region. Report provides Hydrogen Fuel Cell Vehicle Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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Hydrogen Fuel Cell Vehicle Market Key Companies Studied In This Research Report:
The global hydrogen fuel cell vehicle market showcases a vast presence of noteworthy players including Toyota Motor Sales, USA, Inc. (Japan), The Hyundai Motor Company (South Korea), Daimler AG (Mercedes-Benz) (Germany), BMW (Germany), General Motors Company (U.S.), Groupe Renault (France), Mazda Motor Corporation (Japan), Hydrogenics (Canada), Kia Motor Corporation (South Korea), Tata Motors Limited (India).
Global Hydrogen Fuel Cell Vehicle Market Analysis 2019:
A fuel cell vehicle combines hydrogen with oxygen to create electricity, which in turn runs the vehicle, as opposed to conventional vehicles which use gasoline, petrol or diesel. A fuel cell car operates on electricity and can be accepted as an electric vehicle. Market Research Future, in their recent report on hydrogen fuel cell vehicle market, has conveyed that it will garner steady growth during the forecast period. Many factors are influencing the market. The development of diversified technologies is creating new growth 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 market 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.
Furthermore, higher cargo capability and longer range provided by a fuel cell vehicle are contributing to the proliferating adoption of the same. Since fuel cell vehicles can make their own electricity, many environmentally aware consumers are opting for fuel cell vehicles over electric vehicles that require home recharging. Rising environmental awareness has led to bolstering growth in the global hydrogen fuel cell market during the forecast period. This is due to the lower carbon emissions from HFCVs, in contrast to conventional vehicles that run on gasoline, diesel or petrol.
Study Period: 2018 – 2023
Base Year: 2018
Forecast Units: Volume (Thousand Units), Value (USD million)
Target Audience of Report: This report mainly focuses on Hydrogen Fuel Cell Vehicle manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Hydrogen Fuel Cell Vehicle market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Hydrogen Fuel Cell Vehicle Global Industry are studied in this report.
The global hydrogen fuel cell vehicle market is studied for various segments by Market Research Future. The segmentations have been carried out based on technology, vehicle type, and region.
Based on technology, the global HFCV market is segmented into proton exchange membrane fuel cell, solid oxide fuel cell, and alkaline fuel cell.
Based on vehicle type, the market is segmented into passenger car and commercial vehicle.
Region-wise, the global Hydrogen Fuel Cell Vehicle market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The global hydrogen fuel cell vehicle market has been regionally segmented into North America, Asia Pacific, Europe, and Rest of the World. North America is expected to be at the forefront with the highest market share during the forecast period, just like it did in the recent past. California is projected to showcase unparalleled growth in the HFCV incentives and infrastructure. California is one of the first places to boast application commercial zero-emission FCVs on its roads. Development of hydrogen fueling infrastructure is significantly accelerated in the U.K., Japan, Germany, and California.
Asia Pacific is also expected to showcase substantial growth during the assessment period. Such growth is attributable to an upward demand for automobiles in the region. Rising population levels in emerging economies such as China and India, coupled with higher disposal incomes has led to a stellar ascension in the growth of the automotive market. This growth is expected throughout the forecast period, hence, opening various growth avenues for hydrogen fuel cell vehicle vendors. Further, speedy developments of the automotive sectors in countries like Japan and South Korea are also bolstering the hydrogen fuel cell vehicle market in the region.
Study Objectives of Global Hydrogen Fuel Cell Vehicle Market:
— To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global market
— To provide insights about factors affecting the market growth
— To analyze the market based on various factors such as supply chain analysis, and Porter’s five forces analysis
— To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.
— To provide country level analysis of the market with respect to the current market size and future prospective
— To provide country level analysis of the market for segment by type, vehicle type, and region
Major Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3… Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4… Global Hydrogen Fuel Cell Vehicle Market, By Technology
4.2 Proton Exchange Membrane Fuel Cell
4.3 Alkaline Fuel Cell
4.4 Solid Oxide Fuel Cell
5… Global Hydrogen Fuel Cell Vehicle Market, By Vehicle Type
5.2 Commercial Vehicle
5.3 Passenger Cars
8 Regional Market Analysis
8.2 North America
8.3.5 Rest Of Europe
8.4 Asia Pacific
8.4.4 Rest Of Asia-Pacific
8.5 Rest Of The World
9… Competitive Analysis
9.2 Competitive Scenario
9.2.1 Market Share Analysis
9.2.2 Market Development Analysis
9.2.3 Technology/Service Benchmarking
9.3 The Toyota Mirai (Japan)
9.3.2 Product/Service Offering
9.4 The Hyundai Motor Company (South Korea)
9.4.2 Product/Service Offering
9.5 Daimler AG (Mercedes-Benz) (Germany)
9.5.2 Product/Service Offering
9.6.2 Product/Service Offering
9.7 General Motors Company (U.S.)
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