Fuel Cell Vehicle Market size worth USD 18 billion by 2023

1
Fuel Cell Vehicle (FCV) Market size worth USD 18
billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Fuel Cell Vehicle (FCV)
Market

• U.S. FCV market share is anticipated to gain
  significant share owing to stringent government
  norms and initiatives undertaken in order to
  develop hydrogen infrastructure
• Asia Pacific fuel cell vehicle market is likely
  to grow at considerable growth rate owing to
  stringent government programs promoting these
  vehicles primarily in emerging nations such as
  China, South Korea, Vietnam and India.

3
Application Analysis of Fuel Cell Vehicle (FCV)
Market

• This can be mainly attributed to increasing
  concern to reduce air pollution coupled with high
  dependency on oil imports.
• Fuel cell technology has the efficiency to power
  airport tugs, forklifts, heavy duty vehicles and
  passenger vehicles. The technology is likely to
  gain importance owing to its rapid advancement.
• In addition, the key automobile manufacturers are
  spending heavily and are moving towards this
  technology. These vehicles demonstrate immaculate
  durability, which specifies significant growth
  towards the main objectives set by the U.S.
  Department of Energy.

4
Competitive Market Share of Fuel Cell Vehicle
(FCV) Market

• The key players involved are Cellkraft,
  Acumentrics SOFC, Altergy Systems, Ballard Power
  Systems, Ceramic Fuel Cells, BIC Consumer
  Products and Automotive Fuel Cell Cooperation
  among others.
• The FCV market size is anticipated to observe
  momentous number of new entrants over the
  forecast period. Other industry participants
  include Nissan, Toyota Motor, BMW, Audi, Daimler,
  Riversimple UK, GreenGT, Ballard, Hyundai Korea,
  Proton Power Systems, Hydrogenics, GreenGT
  Belgium and VW Group among others.

5

Browse Full Market Research Report On Fuel Cell
Vehicle (FCV) Market _at_ https//www.gminsights.com
/industry-analysis/fuel-cell-vehicle-fcv-market
Request for an in-depth table of contents for
this report _at_ https//www.gminsights.com/request-t
oc/upcoming/217
6
Stay In Touch Website www.gminsights.com Soci
al Media