Current Advancements in Automotive Fuel Cell Market

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Automotive Fuel Cell Market by Components ,
Electrolyte Type , Power Output , Vehicle Type ,
H2 Fuel Station, Region - Global Forecast to 2025
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Automotive Fuel Cell Market by Components (Fuel
Stack, Fuel Processor, Power Conditioner),
Electrolyte Type (PEMFC, PAFC), Power Output
(lt100KW, 100-200KW, gt200KW), Vehicle Type (PC,
LCV, Bus, Truck), H2 Fuel Station, Region -
Global Forecast to 2025 The automotive fuel cell
market is estimated to be 4,457 Units in 2017 and
is projected to reach 268,786 Units by 2025, at a
CAGR of 65.86 during the forecast period. The
base year for the study is 2017 and the forecast
period is 20182025. The market is primarily
driven by the benefits offered by fuel cell
vehicles, such as better fuel efficiency and
increased driving range, fast refueling. PDF
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The Proton Exchange Membrane fuel cell (PEMFC)
is estimated to be the fastest growing and the
largest market in automotive fuel cell
marketduring the forecast period PEMFC is
estimated to witness fastest growth and is
estimated to have the largest market share in
automotive fuel cell market, by electrolyte type.
The fuel cell produces zero emissions and can
help in reducing the greenhouse gas emissions.
PEMFC are used in passenger and commercial
vehicles due to their high-power density,
suitable operating temperature, small size, high
efficiency, and light weight. Hence, PEMFC
segment is expected to dominate the automotive
fuel cell market during the forecast
period. Request for Customization
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Passenger car segment to be the largest segment
in the automotive fuel cell market, by vehicle
type Due to the ease of application of fuel cell
technology in passenger cars, increased driving
range, cost effectiveness of fuel cell passenger
cars, and high focus of OEMs to implement fuel
cell technology in passenger cars are boosting
the growth of the passenger car segment. There
are several FCEV passenger car models, such as
Toyota Mirai, Honda Clarity, and others,
available in the market. Due to the high demand
for passenger cars, large passenger car
production capabilities, stringent emission
norms, comparatively low fuel cell production
costs. Request Sample _at_ https//www.marketsandma
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Asia Pacific is projected to be the fastest
growing regional market for automotive fuel
cell Asia Pacific represents the biggest market
for green technologies in the world. The
governments are setting renewable energy targets,
backed by favorable policies such as the Kyoto
Protocol. Currently, the largest markets for fuel
cells in Asia Pacific are Japan and South Korea.
This has been the dominant region for fuel cell
adoption since 2009 due to the commercial
deployment of Japanese fuel cell micro-CHP
products. Asia Pacific is projected to be the
largest market for Automotive fuel cell by 2025
due to the high acceptance of electric vehicles,
increasing hydrogen infrastructure, and
commercialization of fuel cells in the countries
in this region. Speak to analyst _at_
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Market Ecosystem The ecosystem of the fuel
cell market consists of fuel cell manufacturers
such as Ballard Power Systems (Canada), ITM Power
(UK), Hydrogenics (Canada), Plug Power (US), and
AFCC (Canada). The OEMs considered include Toyota
(Japan), Honda (Japan), Hyundai (South Korea),
Daimler (Germany), and Nissan (Japan).
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Browse gtgt 55 market data
tables 77 figures
183 pages and in-depth TOC on
Automotive Fuel Cell Market - Global Forecast to
2025 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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