Hydrogen Fuel Cell Vehicles Market 2019 Global Trends, Size, Share, Growth Insights, Statistics, Competitive, Regional, And Global Forecast To 2023

Hydrogen Fuel Cell Vehicles Market Information by Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell), By Vehicle Type (Commercial Vehicle and Passenger Cars) and Region - Global Forecast To 2023.

Pune, India - March 15, 2019 /MarketersMedia/ —

Hydrogen Fuel Cell Vehicles Market to grow at 8.12% CAGR between 2019 and 2023 due focus on high-quality products, changing lifestyle of consumers and rising spending power. Automotive companies including passenger car manufacturers are constantly trying to emphasize more on innovation for their product offering in order to enhance the efficiency in automotive sector.

Get Free Sample Report Copy @ https://www.marketresearchfuture.com/sample_request/4722

Hydrogen Fuel Cell Vehicles Key Players Analyzed:

Toyota Motor Sales, USA, Inc. (Japan), The Hyundai Motor Company (South Korea), Daimler AG (Mercedes-Benz) (Germany), BMW (Germany), General Motors Company (U.S.), Groupe Renault (France), Mazda Motor Corporation (Japan), Hydrogenics (Canada), Kia Motor Corporation (South Korea), Tata Motors Limited (India).

Global Hydrogen Fuel Cell Vehicles Market Analysis:

One of the reasons for the interest in hydrogen fuel cell vehicles (HFCVs), is its significant potential to reduce emissions from the transportation sector. Unlike gasoline- and diesel-powered vehicles, they do not create any greenhouse gas (GHG) emissions during vehicle operation. Despite the several drivers of growth, there might be barriers, which would limit the marketability.

The hydrogen fuel cell vehicles market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. Increasing number of funding commitments for the commercialization, and development of refueling infrastructure, will be crucial factors for the growth of the market in the years to come. The entirely new and expensive infrastructure system, and the cost of the HFCVs are some of those barriers. A new trend in research and development carried out by automotive manufacturers into fuel efficiency with focus on advantageous locations for production and short-distance supply to reduce costs.

Market Segmentation:

The hydrogen fuel cell vehicles market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. Increasing number of funding commitments for the commercialization and development of refueling infrastructure will be crucial factors for the growth of the market in the years to come.

The global hydrogen fuel cell vehicle market has been segmented, based on technology, of which the proton exchange membrane fuel cell (PEMFC) segment accounted for the largest market share in the forecasted period.

By Technology:

Proton Exchange Membrane Fuel Cell

Alkaline Fuel cell

Solid Oxide Fuel Cell

By Vehicle type:

Commercial Vehicle

Passenger Cars

Regional Analysis:

In terms of geography, North America accounted for the majority market share and will continue to dominate the market in the forecast period. California continues to witness unparalleled leadership in the area of FCV incentives and hydrogen infrastructure. The state’s ongoing planning and support led it to be one of the first places in the world to have commercial zero-emission FCVs on its roadways. The developments of hydrogen fueling infrastructure are majorly accelerated by companies such as Toyota Motor Sales, and countries such as U.K., Germany, Japan, and California has announced plans to help the funding of hydrogen fueling station.

Asia Pacific is expected to see significant growth due to the large demand and production of automobiles. Also, development of automotive manufacturing industries in economies such as Japan and South Korea continued their strong support of fuel cell technology.

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Hydrogen Fuel Cell Vehicle Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

Browse More At: https://www.marketresearchfuture.com/reports/hydrogen-fuel-cell-vehicle-market-4722

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: abhishek sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/hydrogen-fuel-cell-vehicle-market-4722

Source URL: https://marketersmedia.com/hydrogen-fuel-cell-vehicles-market-2019-global-trends-size-share-growth-insights-statistics-competitive-regional-and-global-forecast-to-2023/492774

Source: MarketersMedia

Release ID: 492774

Latest News

South Korea vows to send aid to North quickly, may send food

May 22, 2019

SEOUL, South Korea — South Korea vowed Monday to move quickly on plans to provide $8 million worth of medical and nutritional aid for North Korean children through U.N. agencies while it also considers sending broader food aid to the country, which says it is suffering its worst drought in decades. Lee Sang-min, spokesman for Seoul's Unification Ministry, said the government will discuss its plans with the World Food Program and the United Nations Children's Fund, through which the aid would be provided, so it reaches North Korean children and pregnant women quickly. South Korea is also trying to build...

Companies bracing for China's retaliation in tariffs dispute

May 22, 2019

BEIJING — Companies were bracing Monday for how Beijing might retaliate against President Donald Trump's escalation of a fight over technology and trade that threatens to disrupt a Chinese economic recovery. Regulators have threatened "necessary countermeasures" for Trump's tariff hikes Friday on $200 billion of Chinese imports. But three days later, in a break with previous tit-for-tat penalties that were imposed immediately, Beijing had yet to announce what it might do. A foreign ministry spokesman said Monday that he had no details about Chinese plans or high-level contacts since negotiations ended Friday without a deal. "We are determined and capable...

Chinese envoy says trade talks with US have not broken down

May 22, 2019

BEIJING — China's leading envoy to trade talks in Washington says the failure to strike a deal in the tariffs war with the U.S. was "just a small setback" and negotiations will continue despite increases in import duties on American imports from China. In comments to reporters before he left Washington for Beijing on Friday, Vice Premier Liu He said he was cautiously optimistic but that a deal would require the Trump administration to agree to end the punitive tariffs it has imposed on billions of dollars' worth of Chinese goods. In comments carried by China's state-run CCTV, Liu said...

Global markets rise as investors watch US-China trade talks

May 22, 2019

TOKYO — Global stock markets were mostly higher on Friday in volatile trading as investors appeared to hope that the United States and China might yet reach a deal to solve their escalating trade war. France's CAC 40 gained 1.0% to 5,3634, while Germany's DAX added 1.2% to 12,121. Britain's FTSE 100 rose 0.5% to 7,244 after some upbeat first quarter growth figures. U.S. shares were set to open lower, with Dow futures slipping 0.1% and S&P 500 futures shedding 0.3%. The Shanghai Composite index surged 3.1% to 2,939.21 while the A-share index in the smaller market of Shenzhen jumped...

Chinese companies brace for tariff hike as trade talks begin

May 22, 2019

BEIJING — Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. Companies across China are bracing for a tariff hike on Friday after President Donald Trump, complaining Beijing was backtracking and the talks on a festering trade dispute were taking too long, said he would raise import duties on $200 billion of Chinese goods to 25% from 10%. Amber Chen, sales manager for a vacuum cleaner manufacturer based in southern...

Subscribe To Our Newsletter