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Automotive Fuel Cell Market is Growing at a CAGR of 62 2%
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Knowe Farm team, Laura, Rachel, Jan, George Claire and Neil Ref:RH260421323 Rob Haining / The Scottish Farmer. For most pedigree farmers, there is nothing better than seeing the progeny of various mating programmes grow and develop and noted Ayrshire cattle breeder, George Templeton, has enjoyed a lifetime devoted to various cow families and that of his own – wife Jan and their three daughters, Laura, Claire and Rachel. As the third generation of George Templetons to milk cows at the Knowe, Auchinleck, and one which is about to celebrate a centenary of farming on this lowland dairy unit, he has always been at the forefront of modern genetics. Originally, a real enthusiast of the traditional Ayrshire, he has slowly but surely introduced red and white Holsteins into the mix to benefit the business, and black and whites.
Automotive Fuel Cell Market worth 596,255 units by 2028 - Exclusive Report by MarketsandMarkets Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Cell Stack, Power Conditioner, Air Compressor, Humidifier), Power Output, Hydrogen Fuel Stations, Vehicle Type (Passenger car, LCV, Truck, Bus), Operating Miles, Region - Global Forecast 2028 , published by MarketsandMarkets, the market size is projected to grow from 20,168 units in 2021 to reach 596,255 units by 2028, at a CAGR of 62.2%. Factors such as growing demand for long range zero emissions commuting and governments supporting low emission vehicles through subsidies & tax rebates have led to automakers adopting to FCEV s and the growth of Automotive Fuel Cell Market.
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Growing concerns over increased pollution by the automotive industry is the prime reason government bodies are promoting zero emission vehicles over Petrol or Diesel ones. People have recognized the need for promoting zero emission vehicles to reduce the increasing pollution. To attract and encourage people to buy FCEV s, government bodies of different countries are introducing lucrative schemes and incentives that include formidable discounts, lower vehicle acquisition taxes, lower road taxes for zero emission vehicles, etc.
Asia Oceania is expected to be the largest market in the forecast
In this report, the countries considered in the Asia Oceania region are China, Japan, South Korea, India, Thailand, and Indonesia. The region is home to some of the fastest-developing economies of the world, such as China and India. The governments of these emerging economies have recognized the growth potential of the global Automotive Fuel Cell Market and, hence, have adopted va
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