openPR Logo
Press release

Automotive Fuel Cell Market Analysis with Ongoing Trends & Market Revenue

02-20-2020 12:50 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

Automotive Fuel Cell Market Analysis with Ongoing Trends &

According to the new market research report "Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Stack, Power Conditioner, Air Compressor, Humidifier), Power Output (250kW), H2 Fuel Station, Vehicle Type (PC, LCV, Truck, Bus), and Region - Global Forecast 2028", published by MarketsandMarkets(TM), is estimated to be USD 13.6 thousand units in 2020 and projected to reach 932.6 thousand units by 2028, at a CAGR of 69.7%.

The market is driven by fuel cell advantages such as better fuel efficiency than ICE vehicles, longer driving range than other electric vehicles, fast refueling time, zero greenhouse gas emissions, and government initiatives pertaining to hydrogen infrastructure.

Browse and in-depth TOC on "Automotive Fuel Cell Market"
164 - Tables
64 - Figures
289 - Pages

View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-fuel-cell-market-14859789.html

The key players in the Automotive Fuel Cell Market include Ballard Power Systems, Plug Power, Delphi Technologies, Doosan Corporation, Proton Power Systems PLC, and Hydrogenics, and among others.

Passenger car segment to be largest in the Automotive Fuel Cell Market, by vehicle type

The rising demand for personal mobility and increasing per capita income are driving the sale of passenger cars. There are several fuel cell passenger car models available in the market. Due to the high demand for passenger cars, large passenger car production capabilities, stringent emission norms, comparatively lower fuel cell production costs, and increasing investments by leading fuel cell manufacturers such as Ballard Power Systems, the passenger car segment of the Automotive Fuel Cell Market, by vehicle type, is projected to lead the market. Realizing the huge potential of fuel cell passenger cars, many companies are planning to launch their models in the coming years. For instance, BMW is planning to introduce the fuel cell technology developed together with Toyota in the BMW X6 and X7 in the coming years. At the International Automobile Exhibition (IAA) 2019, BMW presented the 'i Hydrogen Next,' a fuel cell study based on a BMWs X5 model. The company announced in September 2019 that a fleet of these vehicles would be on the roads by 2022.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14859789

Fuel Stack is projected to be the largest segment of the Automotive Fuel Cell Market, by component

The fuel cell stack is an essential component of the fuel cell system. To generate more power and electricity, individual fuel cells are stacked. This assembly is called a fuel cell stack. Fuel stack is the most expensive component of a fuel cell system. The size of the stack defines the power output of the fuel cell. The number of fuel cell stacks can be increased to generate more power and electricity. As the stack size increases, the cost per unit power generated decreases. Hence, fuel cells are efficient for long-range transportation.

Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=14859789

Europe is projected to be the fastest-growing Automotive Fuel Cell Market

The European Automotive Fuel Cell Market is driven by government support and funding. Europe has set a very ambitious goal of reducing 80% CO2 emissions by 2050 and created a roadmap for the same. Under this, the FCHJU was established in 2008 and was carried out until 2013 as the first public-private partnership under the European Strategic Energy Technology Plan (SET-Plan). Its objective was to accelerate the development of fuel cells and hydrogen technologies in Europe to enable their commercialization. The continuation and further strengthening of the program have been proposed under Horizon 2020, the new innovation investment package for 2014 to 2020. The Joint Initiative for Hydrogen Vehicles across Europe (JIVE) was started in 2017 to deliver 139 fuel cell buses and hydrogen refueling infrastructure across five countries. A year later, the next phase of the initiative (JIVE 2) was launched alongside the original six-year program. Combined, the JIVE and JIVE 2 programs plan to deploy nearly 300 fuel cell buses in 22 cities across Europe.

Browse Related Reports:

Electric Vehicle Market by Vehicle (Passenger Cars & Commercial Vehicles), Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) & Region - Global Forecast to 2030

https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html

Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027

https://www.marketsandmarkets.com/Market-Reports/electric-commercial-vehicle-market-16430819.html

Contact:
Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-fuel-cell-market.asp
Press release: https://www.marketsandmarkets.com/PressReleases/automotive-fuel-cell.asp

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Fuel Cell Market Analysis with Ongoing Trends & Market Revenue here

News-ID: 1939284 • Views: 292

More Releases from MarketsandMarkets

Coronavirus and Termal Printing Industry
Barcode printer segment to hold the largest share of the thermal printer market, by type, in 2020 Barcode printer segment will lead the thermal printer market, by type, in terms of size, in 2020. Thermal barcode printers are extensively used in small, medium, and large businesses to label and subsequently track the products to be shipped. This is one of the significant factors that has led to the leading position of
Scenarios of impact of Coronavirus on Video Surveillance Market
Video surveillance hardware segment to hold largest share of the market The hardware segment consists of cameras, monitors, storage devices, and accessories. The growth of the hardware segment is attributed to the increasing use of cameras in various security-related applications. Rising security concerns across various applications, the shift towards adoption of IP cameras, government initiatives to provide more secure environments, increasing smart city projects, technological advancements in cameras, and the availability
What is the Future Scope of Internet of Air Traffic Control (ATC) Market amidst …
By airspace, the remote tower segment is projected to grow at a higher CAGR during the forecast period. Increasing demand for scalable air traffic navigation services is fueling the remote tower market. The remote tower system is a remote air traffic control (ATC) room with video-sensor-based surveillance instead of the conventional out-of-the-window view from a real tower. Remote tower systems are gaining popularity as they are cost-effective. Remote tower systems provide
NBR Market | Key players operating in the market include LANXESS, Sinopec, Kumho …
According to recent market research "NBR Market by Application (O-Rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves), End-use Industry (Automotive & Transportation, Industrial, Oil & Gas, Medical), and Region - Global Forecast 2022", The Nitrile Butadiene Rubber (NBR) market is projected to grow from USD 992.4 Million in 2017 to USD 1,393.0 Million by 2022, at a CAGR of 7.0% between 2017 and

All 5 Releases


More Releases for Fuel

Clean Fuel Technology Market – Development Assessment 2025 | Clean Fuel Develo …
Global Clean Fuel Technology Market: Overview Clean technology in general implies the use of any service, product, or system that has as little of a negative impact on the environment as possible. Aspects of clean technology include the conservation of energy, sustainable resources, and clean sources of fuels. Clean fuels can refer to the use of renewable fuels such as biogas, or also blended fuels such as fossil fuels with renewable
Fuel Card Market 2022
Fuel cards also known as fleet cards are being used to make payments for fuels, maintenance and repair of vehicles. These cards are mostly used by businesses managing fleet of vehicles. Fuel card market is witnessing lot of partnerships as many fuel companies are offering their own branded fuel cards. Fuel card issuers are also focusing on telematics, enabling the fleets to save on fuel. Wireless fueling is an emerging
Fuel Cell Interconnectors Market By Product Type Ceramic based, Metal based; By …
Global Fuel Cell Interconnectors Market Introduction A fuel cell is a battery that generates electricity through an electrochemical reaction where the fuel cell interconnector is a layer made up of either ceramic or metallic material, which combines the electricity generated by each individual cell. Fuel cell interconnectors are placed between each individual cell to connect the cells in the series. Ceramic fuel cell interconnectors are more suitable for high-temperature working conditions
Global Fuel Catalysts Market 2017- Rentar, FUEL CAT, Organica Biotech
Apex Market Reports, recently published a detailed market research study focused on the "Fuel Catalysts Market" across the global, regional and country level. The report provides 360° analysis of "Fuel Catalysts Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Fuel Catalysts industry, and estimates the future trend of Fuel Catalysts market
Fuel Cards in Portugal 2016
"Fuel Cards in Portugal 2016" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- ** Summary Fuel Cards in Portugal 2016 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to
Global Automotive Fuel System Market
The Automotive Fuel System Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Automotive Fuel System Market Dynamics: As mentioned earlier, the global automotive fuel system market is anticipated to be driven by its competitive advantages such as high power output, fuel efficiency,