Hydrogen fuel cell vehicle market

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Hydrogen Fuel Cell Vehicle MarketSet to Exceed
USD 28.82 billion by 2026 CAGR 41.2

• Hydrogen Fuel Cell Vehicle (HFCV) Market Share,
  Size, Trends, Industry Analysis Report By
  Technology (Proton Exchange Membrane Fuel Cell,
  Alkaline Fuel cell, Solid Oxide Fuel Cell) By
  Vehicle Type (Commercial Vehicle, Passenger Car)
  By Regions, Segments Forecast, 2020 - 2026

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Hydrogen Fuel Cell Vehicle Market Estimate
Forecast to 2026
The global hydrogen fuel cell vehicle (HFCV)
market size is expected to reach USD 28.82
billion by 2026 according to a new study by
Polaris Market Research.   In contrast to
conventional gasoline, petrol or diesel vehicles,
a hydrogen fuel cell incorporates oxygen and
hydrogen, which in turn produce energy for the
car. There are numerous factors affecting the
forward momentum of the market. Developing varied
technologies in the automotive industry generates
new opportunities for growth. Furthermore, a
hydrogen fuel cell vehicles enhanced cargo
capacity and longer range contribute to its
growth. Since hydrogen fuel cell cars can
generate their own energy, many eco-conscious
clients opt for fuel cell vehicles over domestic
electric cars. Growing environmental awareness is
expected to increase the global HFCV market
during the forecast period. This is because of
decreased carbon emissions from HFCVs, unlike
conventional vehicles operating on petrol, diesel
or petrol.
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Hydrogen Fuel Cell Vehicle Market Estimate
Forecast to 2026
According to the International Energy Agency,
Germany has around 23 operating hydrogen fueling
stations in 2017. These numbers are to be
outnumbered by more than 50 as the country is
constructing 25 more such stations, and at the
end of 2017 around 60 stations are estimated to
be operational. The National Organization
Hydrogen and Fuel Cell Technology (NOW)
coordinated Germanys National Innovation
Programme (NIP) to establish 50 stations with
134 million. Public and private stakeholders are
convened by the Clean Energy Partnership to
create this initial network. H2Mobility, a
consortium of Air Liquide, Daimler, Linde, OMV,
Shell, and Total, is planning and constructing
this network. The consortium plans to have 100
stations by 2019, with around 10 stations each in
Hamburg, Berlin, Rhine-Ruhr, Frankfurt,
Stuttgart, and Munich metropolitan areas, and the
remaining 40 as connectors and destination
stations. This infrastructure backbone supports
both light-duty and light commercial fuel cell
vehicles, with the additional stations expected
to grow with the rising growth of the global
market.   Since January 2016, the Research Centre
for Gas Innovation (RCGI) has been working to
offer technology for obtaining fuel cells in 5
years. The center has the mission to investigate
the use of the resource in terms of increasing
their partnership in the Brazilian energy matrix.
It is also making a contribution to the
mitigation of greenhouse gas emissions. They have
also emphasized that Brazil along with the US,
Japan, and Germany, advanced programs to produce
hydrogen-operated buses. Hence, this project will
support the development of such vehicles.
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Hydrogen Fuel Cell Vehicle Market Size
Speck to Analyst
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Hydrogen Fuel Cell Vehicle Market Study
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