Fuel Cell Electric Vehicle Market 2018 Forecast & Players – Mercedes-Benz, Mitsubhishi, Hyundai, Honda, General Motors, Ford

Fuel Cell Electric Vehicle Market to surpass USD 9 billion by 2024; according to a new research report by Global Market Insights, Inc. E-bikes segment is projected to acquire around 23% of the fuel cell electric vehicle industry volume share. This can be attributed to availability of these two-wheelers at affordable costs and serving the motive of middle class citizens across various countries. Substantial number of e-bikes are running on the roads of China and its sales are increasing in Europe as well, especially in northern countries of the region according to the European Cyclists Federation.

Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2375

Passenger cars sector will observe significant gains of more than 42% from 2017 to 2024. This can be credited to rising automotive production across the world coupled with increasing government initiatives. For instance, the U.S. government aims to construct hydrogen refueling stations across the nation through H2USA public private partnership and auto manufacturers support. Moreover, California plans to invest USD 20 million every year until 100 stations are constructed for commercial use.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Daimler
2. Electricore
3. Ford
4. General Motors
5. Honda
6. Hyundai
7. Mercedes-Benz
8. Mitsubhishi
9. Nissan
10. Suzuki
11. Tata Motors
12. Toyota
13. Volkswagen

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2375

Long distance travelling automobiles from fuel cell electric vehicle market are projected to be valued over USD 880 million by 2024. The automobile producers focus on automobile advancements that will yield a mileage of over 300 miles coupled with development of internal fuel-cell components offering higher efficiency. For instance, Hyundai has plans to introduce long distance travelling hydrogen powered SUV yielding 9% efficiency boost as compared to its old-version models.

Asia Pacific fuel cell electric vehicle market is expected to dominate the industry volume share over the projected time line. This can be credited to automobile production across the region, especially in developing economies such as China. China is observed to be the significant contributor in the regional revenue generation. Rising domestic demand along with increasing vehicle production will spur the country’s share over the projected time span.

North America fuel cell electric vehicle market size was approximately worth at USD 173 million in 2016 and is anticipated to pose a CAGR of 41% over the forecast time frame owing to the presense of well-established players in the region. Moreover, strict rules and regulations along with government funds is boosting the industry size over the study period.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/fuel-cell-electric-vehicle-market

Global fuel cell electric vehicle Market is predicted to cross 300 thousand units over the projected time span. Increasing R&D activities will support in minimizing the product cost and provide the way for nascence technology. Ongoing technological improvements coupled with manufacturers investing in enhancing production level to obtain economies of scale may result in price drop. Constantly, increasing demand for improved automotive will spur the fuel cell electric vehicle market share over the study period.

General Motors, Daimler, Honda, Hyundai, Nissan, and Toyota are among the prominent players in the fuel cell electric vehicle market share. Other notable players include Tata Motors, Volkswagen, Ford, Suzuki, Mitsubishi, and Mercedes. Mainstream auto companies focus on in-house developments to build a supportive supply chain.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

This release was published on openPR.