Hydrogen Fuel Cell Vehicle Market 2019 Global Industry Forecast To 2023 is latest depth analysis research report published by Market Research Future. According to this Hydrogen Fuel Cell Vehicle Industry Analysis report, the Global Market for Hydrogen Fuel Cell Vehicles is to register 8.12% growth rate during forecast period of 2019 to 2023. This report plays important role in future business plans, decision making, to know about upcoming market growth opportunities, trends, key players in Hydrogen Fuel Cell Vehicle Industry.
Global Hydrogen Fuel Cell Vehicle Market is segmented By Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell), Vehicle Type (Commercial Vehicle and Passenger Cars) and Region. Rigid Environment Protection Policies Benefit Hydrogen Fuel Cell Vehicle Market
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Market Scope:
Market Research Future (MRFR) states that the global hydrogen fuel cell vehicle market is poised to register 8.12%. CAGR by 2023. The increase in environmental pollution due to automobiles that run on diesel and petrol is demanding effective solution. Hydrogen fuel cell vehicle that run on electricity is likely to counter the increase in air pollution due to carbon emission. MRFR identifies this, as the principal factor to favor the hydrogen fuel cell vehicle market. This vehicle requires no home recharging, possess cargo capacity, and can run uninterrupted over long distance. These advantages are anticipated to fuel the growth of the market. Other factors such as intensifying world population density, continuous technical advancements, and presence of eminent automobile manufacturers are factors that are likely to boost the market growth. On the other hand, high price can hinder the market expansion.
Segmental Outline
The global hydrogen fuel cell vehicle market has been analyzed based on technology and vehicle. Based on the technology, the global market has been segmented into Proton Exchange Membrane Fuel Cell, Solid Oxide Fuel Cell, and Alkaline Fuel Cell. The Proton Exchange Membrane Fuel Cell segment to grow with the highest CAGR over the review period. Based on the vehicle, the worldwide market has been divided into Commercial Vehicle and Passenger Cars. The rigid government rules for environmental protection are expected to rise the sales volume of commercial hydrogen fuel cell vehicle. Hence, is likely to promote the market growth in the review period. Rising population is triggering the need for convenient transportation. This is escalating the sales of passenger cars. Thereby, is likely to boost the market to experience an appreciable growth in the foreseeable future.
Regional Outlook
Regionally, the hydrogen fuel cell vehicle market growth has been analysed across Asia Pacific, North America, Europe, and the Rest of the World (RoW). The
North America projected for securing the largest share of the global hydrogen fuel cell vehicle market over the assessment period. California to lead in the regional market owing to its unparalleled FCV infrastructural base. California’s initiative to establish zero-emission by commercial vehicle on-road is prompting the production and sales of hydrogen fuel cell vehicles. In the Europe region, the presence of automotive manufacturing giants is pushing the regional market. Moreover, experimentation on launching new innovations bolstered by latest technologies and high investment drawn from high-cash companies for the same are factors that are likely to boost growth of the Europe market. The Asia Pacific hydrogen fuel cell vehicle market is anticipated to surge due to the presence of renowned companies such as Hyundai and Toyota and they are rolling out effective automobiles innovations.
Key Players
MRFR profiled strong contenders operating in the worldwide market of hydrogen fuel cell vehicle. The list includes; The Hyundai Motor Company (South Korea), Toyota Motor Sales, USA, Inc. (Japan), BMW (Germany), General Motors Company (U.S.), Daimler AG (Mercedes-Benz) (Germany), Mazda Motor Corporation (Japan), Groupe Renault (France), Kia Motor Corporation (South Korea), Hydrogenics (Canada), and Tata Motors Limited(India). Competitiveness among key players is likely to fuel the global market growth. Automotive titans on abiding stringent environmental policies are likely to surge the production of electric vehicles that is expected to spur the growth of the worldwide market of hydrogen fuel cell vehicles.
Industry Update:
August 2019
Hyundai’s, a South Korea based multinational automobile producer, Nexo became the first crash tested hydrogen fuel cell vehicle.
Table of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
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
4.1 Introduction
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
5.1 Introduction
5.2 Commercial Vehicle
5.3 Passenger Cars
8 Regional Market Analysis
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 U.K
8.3.2 France
8.3.3 Germany
8.3.4 Spain
8.3.5 Rest Of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest Of Asia-Pacific
8.5 Rest Of The World
9… Competitive Analysis
9.1 Introduction
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)
9.3.1 Overview
9.3.2 Product/Service Offering
9.3.3 Strategy
9.4 The Hyundai Motor Company (South Korea)
9.4.1 Overview
9.4.2 Product/Service Offering
9.4.3 Strategy
9.5 Daimler AG (Mercedes-Benz) (Germany)
9.5.1 Overview
9.5.2 Product/Service Offering
9.5.3 Strategy
9.6 BMW(Germany)
9.6.1 Overview
9.6.2 Product/Service Offering
9.6.3 Strategy
9.7 General Motors Company (U.S.)
9.7.1 Overview
9.7.2 Product/Service Offering
9.7.3 Strategy
9.8 Groupe Renault (France)
9.8.1 Overview
9.8.2 Product/Service Offering
9.9.3 Strategy
9.9 Mazda Motor Corporation (Japan)
9.9.1 Overview
9.9.2 Product/Service Offering
9.9.3 Strategy
9.10 Hydrogenics (Canada)
9.10.1 Overview
9.10.2 Product/Service Offering
9.10.3 Strategy
9.11 Kia Motor Corporation (South Korea)
9.11.1 Overview
9.11.2 Product/Service Offering
9.11.3 Strategy
9.12 Tata Motors Limited (India)
9.12.1 Overview
9.12.2 Product/Service Offering
9.12.3 Strategy
Continued…
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