Press release
Fuel Cell Electric Vehicle Global Market Size, Share Analysis, Trends, Growth And Forecast 2023-2032
Fuel Cell Electric Vehicle Market Report
The Business Research Company's Fuel Cell Electric Vehicle Global Market Report 2023 identifies the rise in the adoption of electric vehicles as the major driver for the fuel cell electric vehicles market's growth in the forecast period. An electric vehicle refers to a vehicle that is driven by one or more electric motors that are supplied with energy by an onboard battery pack. Electric vehicles, including FCEVs (fuel-cell electric vehicles), offer significant environmental benefits by reducing greenhouse gas emissions and improving air quality. They also play a critical role in achieving a sustainable transportation future.
An electric vehicle refers to a vehicle that is driven by one or more electric motors that are supplied with energy by an onboard battery pack. Electric vehicles, including FCEVs (fuel-cell electric vehicles), offer significant environmental benefits by reducing greenhouse gas emissions and improving air quality. They also play a critical role in achieving a sustainable transportation future.
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Major competitors in the fuel cell electric vehicles market are Volkswagen AG, Toyota Motor Corporation, Mercedes-Benz Group, General Motors, Mitsubishi Corporation.
A key trend in the fuel cell electric vehicles market includes product innovation. Major companies operating in the fuel-cell electric vehicle market are focused on developing innovative products to strengthen their position in the market. For instance, in December 2020, Toyota Motor Corporation, a Japan-based automotive manufacturer, launched the second-generation Mirai. It is a zero-emission hydrogen fuel cell electric sedan, the wholly redesigned Mirai. A new platform and repackaged powertrain allow for a third hydrogen fuel tank to be added, contributing to a 30% increase in the car's driving range to around 650 kilometer.
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The fuel cell electric vehicles market is segmented -
•By Type: Polymer Electrolyte Membrane Fuel Cell (PEMFC), Proton Exchange Membrane Fuel Cell, Phosphoric acid Fuel Cell, Other Types
•By Range: Short Range, Long Range
•By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the fuel cell electric vehicles market.
The Business Research Company's "Global Fuel Cell Electric Vehicle Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fuel Cell Electric Vehicle Market Include:
1. Executive Summary
2. Fuel Cell Electric Vehicle Market Characteristics
3. Fuel Cell Electric Vehicle Market Trends And Strategies
4. Fuel Cell Electric Vehicle Market - Macro Economic Scenario
5. Global Fuel Cell Electric Vehicle Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Fuel Cell Electric Vehicle Market Competitive Benchmarking
33. Global Fuel Cell Electric Vehicle Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fuel Cell Electric Vehicle Market
35. Fuel Cell Electric Vehicle Market Future Outlook and Potential Analysis
36. Appendix
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