Automotive Fuel Cell Market is Growing at a CAGR of 62.2%.
iCrowd Newswire
According to the new market research report 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 , Published by MarketsandMarkets™, 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 FCEV s and the growth of the Automotive Fuel Cell Market.
Automotive Fuel Cell Market is Growing at a CAGR of 62 2% sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Automotive Fuel Cell Market to Hit USD 34.63 Billion by 2028; Increasing Adoption of Hydrogen Energy in Industries Vertical to Stoke Demand: Fortune Business Insights™
List of the Key Players Profiled in the Global Market for Automotive Fuel Cell: Ballard Power Systems, Hyundai Motor Company, Toyota Motor Company, Nissan Motor Corporation, Nedstack Fuel Cell Technology, Plug Power, American Honda Motor Company, Inc., Daimler AG, Toshiba, Delphi Technologies , ITM Power, Núvera Fuel Cells, LLC, Ceres Power, AVL, Bosch, Continental Industries, Elringklinger, H2V Industry, Hexagon Composites ASA, Horizon Fuel Cell Technologies, Danish Power Systems, FABER INDUSTRIE SPA, FREUDENBERG, Grove Hydrogen Automotive, Shanghai Re-Fire Technology Co., Ltd
USD 34.63 billion by 2028, exhibiting a CAGR of
53.5% during the forecast period, as per estimates provided by
Fortune Business Insights™ in its report, titled “
Automotive Fuel Cell Market, 2021-2028”. The report states that the value of the market stood at
USD 1.07 billion in 2020.
What Does the Report Offer?
The Automotive Fuel Cell Market report contains a detailed segmentation of the market and a piecemeal study of each segment. Furthermore, the report delivers a comprehensive analysis of the regional developments occurring in the market, along with in-depth research into the market drivers, trends, and challenges. In addition to all of the above, the report provides a thorough assessment of the competitive landscape of the market.