Hydrogen Fuel Cell Vehicles Market 2019 Global Trends, Size, Share, Growth Insights, Statistics, Competitive, Regional, And Global Forecast To 2023

Hydrogen Fuel Cell Vehicles Market Information by Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell), By Vehicle Type (Commercial Vehicle and Passenger Cars) and Region - Global Forecast To 2023.

Pune, India - March 15, 2019 /MarketersMedia/ —

Hydrogen Fuel Cell Vehicles Market to grow at 8.12% CAGR between 2019 and 2023 due 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.

Get Free Sample Report Copy @ https://www.marketresearchfuture.com/sample_request/4722

Hydrogen Fuel Cell Vehicles Key Players Analyzed:

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 Vehicles Market Analysis:

One of the reasons for the interest in hydrogen fuel cell vehicles (HFCVs), is its significant potential to reduce emissions from the transportation sector. Unlike gasoline- and diesel-powered vehicles, they do not create any greenhouse gas (GHG) emissions during vehicle operation. Despite the several drivers of growth, there might be barriers, which would limit the marketability.

The hydrogen fuel cell vehicles market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. Increasing number of funding commitments for the commercialization, and development of refueling infrastructure, will be crucial factors for the growth of the market in the years to come. The entirely new and expensive infrastructure system, and the cost of the HFCVs are some of those barriers. 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.

Market Segmentation:

The hydrogen fuel cell vehicles market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. Increasing number of funding commitments for the commercialization and development of refueling infrastructure will be crucial factors for the growth of the market in the years to come.

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.

By Technology:

Proton Exchange Membrane Fuel Cell

Alkaline Fuel cell

Solid Oxide Fuel Cell

By Vehicle type:

Commercial Vehicle

Passenger Cars

Regional Analysis:

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.

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Hydrogen Fuel Cell Vehicle 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 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

Browse More At: https://www.marketresearchfuture.com/reports/hydrogen-fuel-cell-vehicle-market-4722

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: abhishek sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/hydrogen-fuel-cell-vehicle-market-4722

Source URL: https://marketersmedia.com/hydrogen-fuel-cell-vehicles-market-2019-global-trends-size-share-growth-insights-statistics-competitive-regional-and-global-forecast-to-2023/492774

Source: MarketersMedia

Release ID: 492774

More News From Morning Dispatcher

Building collapse kills 12 in India after monsoon rains

Jul 16, 2019

NEW DELHI — Eleven soldiers were among a dozen bodies recovered from the debris of a three-story building that collapsed after monsoon rains hit a hilly area of northern India, officials said Monday. Rescuers were looking for two to three people still unaccounted after Sunday's collapse, said Gaurav Srivastav, an official from the National Disaster Response Force, or NDRF. Fire official Raja Ram Bhagate said the dead included 11 army soldiers who were having a party in a ground floor restaurant in the building when it collapsed. One civilian also was killed. Several soldiers were among the 31 people rescued...

Heavy rain leaves scores dead in Nepal, India, Bangladesh

Jul 16, 2019

KATHMANDU, Nepal — Flooding and landslides triggered by heavy rainfall have killed at least 50 people in Nepal in the past few days, with more deaths reported across the border in India and Bangladesh, officials said Sunday. At least 30 other people were missing in Nepal, either swept away by swollen rivers or buried by mudslides since monsoon rains began pounding the region on Friday, Nepal's National Emergency Operation Center said. The center said nine key highways remained blocked by floods and mudslides, and attempts were underway to open them up for traffic. Among them is the East-West Highway, which...

Pakistani businesses on strike over new IMF-backed taxes

Jul 16, 2019

KARACHI, Pakistan — Hundreds of thousands of Pakistani businesses are on strike nationwide to protest a new sales tax, which opposition political parties say is being imposed as part of the International Monetary Fund's recent $6 billion bailout package for Islamabad. Saturday's strike is happening in shopping malls and wholesale commodity markets, small shops and electronics stores. In the country's commercial hub, Karachi, divisions among retailers made the strikes less effective. Opposition Senator Mushahid Ullah Khan says the government's "ill-conceived" financial policies have led to price hikes. The IMF approved the bailout on July 3, saying it would help reduce...

The Latest: US aware Turkey taking Russian missile system

Jul 16, 2019

ANKARA, Turkey — The Latest on Russian missile systems arriving in Turkey (all times local): 6:55 p.m. The acting U.S. secretary of defense says Washington is aware that Turkey has begun taking delivery of a Russian-made S-400 air defense system. Mark Esper, who is expected to be officially nominated next week to be defense secretary, told reporters at the Pentagon that the U.S. remains unwilling to allow Turkey to acquire the U.S. F-35 stealth fighter, as long as it has the S-400. Esper said he planned to speak to his Turkish counterpart later in the day, and that the Pentagon...

The Latest: Gibraltar says seized Iran tanker carrying oil

Jul 16, 2019

TEHRAN, Iran — The Latest on the tensions between the United States and Iran (all times local): 3:15 p.m. The head of Gibraltar's government says an Iranian supertanker seized last week by the British navy on suspicion of carrying Tehran's oil to Syria was loaded with 2.1 million barrels of light crude oil. Chief Minister Fabian Picardo told the parliament of Gibraltar, a British overseas territory, in a statement Friday that anyone who has a claim to the vessel and its cargo can file its claim in court. The ship was intercepted by British Royal Marines off the southern tip...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress