Press release
Hydrogen Vehicle Market Share, Size, Trends, Opportunities, Analysis and Forecast 2018-2025
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. 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. The global Hydrogen Vehicle market was 580 million US$ in 2017 and is expected to 11400 million US$ by the end of 2025, growing at a CAGR of 45.0% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hydrogen Vehicle in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Toyota
Hyundai
Honda
Foton
SAIC
FeiChi Bus
Dongfeng
By the product type, the market is primarily split into
Passenger Vehicle
Commercial Vehicle
By the end users/application, this report covers the following segments
Commercial Use
Home Use
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