Automotive Fuel Cell Market 2018 Global Industry SWOT Analysis, Size, Share, Growth Forecast To 2023

Automotive Fuel Cell Market Highlights:

Automotive Fuel Cell Market Size, Share, Companies, Growth, Trends And SWOT Analysis From 2018 To 2023. Global Automotive Fuel Cell Market analyzed by by Electrolyte Type (PEMFC, PAFC), by Components (Fuel Processor, Power Conditioner and Fuel Stack), by Power Output (200KW), Fuel Type (Hydrogen, Methanol), Vehicle Type –Forecast to 2023.

Automotive Fuel Cell Market Major Companies Analyzed:

Ceramic Fuel Cells Ltd (Australia). Delphi Technologies (U.K.), Doosan Fuel Cell America (U.S.), Nedstack (The Netherlands) and Plug Power (U.S.), Ballard Power Systems Inc. (Canada), ITM Power (U.K.), Hydrogenics (Canada), Plug Power (U.S.), Automotive Fuel Cell Cooperation (Canada).

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The market is projected to exhibit a compound annual growth rate of 15% during the assessment period (2018-2023). To overcome disadvantages of battery operated vehicles, the fuel cell technology is preferred. The Fuel cells can replace the internal combustion engine, require average time of 3 minutes for charging and can travel up to 500 kilometers between charging thus, the fuel cell technology is much more effective and efficient than conventional battery operated vehicles and internal combustion engine operated vehicles.

The automakers are making conscious decisions to reduce the carbon footprint to compensate the large automotive sales. The conventional cell technology poses a considerable threat for the physical wellbeing of the user, if not handled with care. Governments of developed nations are taking concrete steps to reduce the global warming by turning to cleaner and greener alternatives of fuel.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to drive sales of the global automotive fuel cell market, making it a continually growing market. The governments of countries such as China, Japan and Hong Kong are encouraging the use of renewable energies backed with favorable policies to restrict the ill effects of global warming. North America region is taking steps to reduce the carbon footprint due to a large number of vehicles plying on the roads. The high demand for passenger vehicles and heavy commercial vehicles increases the demand for the fuel cell as a greener alternative to the traditional cells.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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List of Tables:

Table 1 Global Automotive Fuel Cell Market: By Region, 2017-2023

Table 2 North America Automotive Fuel Cell Market: By Country, 2017-2023

Table 3 Europe Automotive Fuel Cell Market: By Country, 2017-2023

Table 4 Asia Pacific Automotive Fuel Cell Market: By Country, 2017-2023

Table 5 RoW Automotive Fuel Cell Market: By Country, 2017-2023

Table 6 Global Automotive Fuel Cell Market, By Electrolyte Type, By Regions, 2017-2023

Continued…

List of Figures:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

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