Automotive Fuel Cell Market Trend Evolution, Demand, Growth Revenue, Industry Size, Region and Forecasts Report to 2023

The global automotive fuel cell market is segmented into four geographical regions that include North America, Asia Pacific zone, Europe and rest of the world.Asia Pacific is predicted to continue its domination during the forecasted period. Europe is projected to be the most attractive market for fuel cell technology in future.

The US department of Energy is promoting the use of fuel cell technology. Due to its constant efforts of private firms, national research labs and DOE, the market in US has grown enormously in last few years.

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Light duty size occupied 50% of the overall industry share in 2015 and is predicted to surpass 7500 units by 2023, owing to its increasing demand to cut the gasoline consumption globally. Moreover, incorporation of hydrogen fuel cell in buses, forklifts, and power back-up applications will create a lucrative roadmap for the automotive fuel cell industry over the period of 2016 to 2023.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Toshiba
2. Panasonic
3. Cellkraft AB
4. Ballard Power Systems
5. Hydrogenics Corporation
6. Altergy Systems
7. Convion Limited
8. Plug Power Incorporation
9. Fuel Cell Energy Solutions GmbH
10. Acumentrics SOFC Corporation
11. Automotive Fuel Cell Corporation
12. BIC Consumer Products
13. Bloom Energy
14. M-FIELD Energy Limited

Automotive Fuel cell market has already seen a significant surge over the past years and is poised to register a massive growth with a volume estimation of 14,765 units by 2023. Increasing innovations and advancements in the fuel-cell technology coupled with noteworthy participation of the industry participants will enhance the automotive fuel cell industry outlook substantially. Fuel cell vehicles are gaining high popularity, driven by the benefits offered by them both from the environmental and economic perspectives. For instance, these vehicles require low maintenance, incur minimal operational cost, and reduce the noise pollution level considerably.

Automotive fuel cell market will grow noticeably over the coming six years, mainly driven by the growing awareness regarding the hazardous environmental effects of GHG and carbon footprints. As per the report by Global Market Insights, Inc., “Global Automotive Fuel cell market occupied a volume of over 5,000 units in 2015 and is anticipated to register an annual growth rate of 12.7% over the period of 2016 to 2023.” Shifting trends toward fuel cells to reduce the economic dependency on oil producing nations will preserve the non-renewable energy sources such as crude oil at a large scale.

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Glimpse of Table of Content (ToC): -

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Automotive fuel cell industry 3600 synopsis, 2012 - 2023
Chapter 3 Automotive Fuel Cell Market Insights
3.1 Industry segmentation
3.2 Industry Size and forecast
3.3 Industry Ecosystem analysis
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Growing automotive industry
3.4.1.2 Low operating cost
3.4.1.3 Environmentally friendly
3.4.2 Industry pitfalls & challenges
3.4.2.1 Lack of durability, high cost and reliability
3.4.2.2 Inconvenience
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Key competitor analysis, 2015
3.8 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-fuel-cell-market

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com

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.

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