Press release
Hydrogen Vehicle Market to 2023 (45% CAGR Expected) Top Player Profiles – Toyota, Hyundai, Honda, Foton, SAIC, FeiChi Bus, Dongfeng and More
Hydrogen Vehicle use hydrogen gas to power an electric motor. Unlike conventional vehicles which run on gasoline or diesel, fuel cell cars and trucks combine hydrogen and oxygen to produce electricity, which runs a motor.
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In the last several years, global market of Hydrogen Vehicle developed rapidly, with an average after several months of survey and research, research group obtains the following conclusions:
In the last several years, global market of Hydrogen Vehicle developed rapidly, with an average growth rate of 95%. As an important role in automotive market, the development of Hydrogen Vehicle have a close relationship with the development of technology.
The global average price of Hydrogen Vehicle is in the decreasing trend, from 218 K USD/Unit in 2014 to 182 K USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
United States and Europe account for 50% and 10% market share in 2016 respectively. As developed region, the growth rate of Hydrogen Vehicle are as high as less than 40%. On the other hand, the development speed of Hydrogen Vehicle in China and other Asian countries is relatively high. Besides, China also have larger consumption market with market share of 7%. The production region is mainly concentrated in Japan, Korea and China.
Market Concentration Rate is very high though the top 7 manufacturers occupies nearly 98% market share in 2017. There are still some of manufacturers participated in this market.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen Vehicle market by product type, application, key manufacturers and key regions.
To calculate the market size, the research study considers value and volume generated from the sales of the following segments. The segmentation by product type are Passenger Vehicle and Commercial Vehicle. Also, the segmentation by application are Commercial Use and Home Use.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report such as Toyota, Hyundai, Honda, Foton, SAIC, FeiChi Bus and Dongfeng.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Related Report:
Electric Vehicle Market by Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle), and Vehicle Type (Passenger Car, Commercial Vehicle, and Two-Wheeler) - Global Opportunity Analysis and Industry Forecast, 2018-2025
The global electric vehicle market was valued at $118,864.5 million in 2017, and is projected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3% from 2018 to 2025.
The market is segmented based on type, vehicle type, and geography. Based on type, it is divided into plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and battery electric vehicles (BEV). By vehicle type, it is classified into two-wheeler, passenger car, and commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Read More: https://www.researchbeam.com/electric-vehicle-market?utm_source=RR-OPR&utm_medium=CC
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