Press release
Automotive Hydrogen Fuel Cell Market: Revenue Share, Insights & Future Outlook
What Is the Growth Forecast for the Global Automotive Hydrogen Fuel Cell Market by 2029?The global Automotive Hydrogen Fuel Cell market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029.
Regional trends indicate that the North American market is expected to grow from $ million in 2023 to $ million by 2029, while the Asia-Pacific market is projected to expand from $ million in 2023 to $ million by 2029. The market estimations also consider the influence of COVID-19 and the Russia-Ukraine War.
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How Is the Automotive Hydrogen Fuel Cell Market Segmented by Type and Application?
By Type
• PEMFC
• DMFC
• Others
By Application
• Passenger Vehicle
• Commercial Vehicle
Which Companies Are Leading the Global Automotive Hydrogen Fuel Cell Market?
The market features several key manufacturers driving production and innovation:
Major Companies:
• Plug Power
• Ballard
• Nuvera Fuel Cells
• Hydrogenics
• Sunrise Power
• Panasonic
• Vision Group
• Nedstack PEM Fuel Cells
• Shenli Hi-Tech
• Altergy Systems
• Horizon Fuel Cell Technologies
• Foresight
• Oorja Protonics
• SerEnergy
• SFC Energy
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