openPR Logo
Press release

Automotive Fuel Cell Market share to grow at 12.7% CAGR from 2016 to 2023

04-25-2017 12:22 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

The technology research report “Automotive Fuel Cell Market Size By Application (Light Duty Vehicles, Buses, Materials Handling Vehicles) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, South Korea), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2023”, by Global Market Insights, Inc. says Automotive Fuel Cell Market Size is likely to reach 14,765 units by 2023; impelled by growing automotive industry.

Increasing fuel cell vehicle (FCV) market size across the globe owing to rising consciousness regarding effects of pollution caused is likely to drive growth. In addition, low operating cost associated is also likely to propel the automotive fuel cell market share.

Fuel cells offer minimum operating cost and low maintenance as there are very less moving parts involved in the system. Hydrogen fuel is now greatly used in various applications such as buses, back-up power, small fleets of cars, forklifts, and will most likely spread its significance to laptops and cell phones. Lack of durability, high cost and reliability coupled with inconvenience is anticipated to hamper industry growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/359

Light duty vehicles led automotive fuel cell market share and accounted for over 50% of the consumption in 2015. These vehicles are likely to witness significant gains, owing to their declining cost and rapid technology advancements & innovations. Material handling vehicles are anticipated to witness significant growth, at CAGR of 14.5% from 2016 to 2023. Rising adoption in several application sectors such as inventory management, airport operations and distribution centers should boost demand over the forecast period.

Key insights from the report include:

•Rising consciousness regarding effects of pollution caused by traditionally fueled vehicles is anticipated to remain the key driver for the automotive fuel cell market. High pricing as compared to other zero emission vehicles plays a considerable role in the buying decision.

•Surging R&D in the fuel cell vehicles market is likely to create high employment as well as business opportunities to industry participants. High benefits offered by these vehicles are likely to boost the implementation and application in the public transit systems.

•Lack of infrastructure for producing, storing and delivering hydrogen paired with cost associated with replacing the existing the current oil-based infrastructure may challenge the industry.

•Asia Pacific automotive fuel cell market share dominated global demand and accounted for over 60% of the total volume in 2015; it is likely to grow steadily over the forecast period. Favorable government regulations promoting fuel cell usage is likely to drive regional demand.

•Key industry players capturing significant industry share are Acumentrics SOFC Corporation, Altergy Systems, Automotive Fuel Cell Corp, Ballard Power Systems, and Fuel Cell Energy Solutions GmbH.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/359

Table of Contents

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 3600 synopsis, 2012 - 2023

Chapter 3 Automotive Fuel Cell Industry Insights

3.1 Industry segmentation
3.2 Industrysize and growth prospects
3.3 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 Related Reports:

•Fuel Cell Market Size By Application (Stationary, Portable, Transport), By Product (PEMFC, DMFC, SOFC), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, Japan, South Korea, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/fuel-cell-market

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

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 share to grow at 12.7% CAGR from 2016 to 2023 here

News-ID: 513500 • Views: 275

More Releases from Global Market Insights, Inc.

Robust rise in the demand for personal protective equipment in the light of the …
Personal protective equipment (PPE) is one of the most crucial elements for worker safety, especially in high-risk fields such as medical. The WHO (World Health Organization) has classified PPE as a collection of protective garments worn by healthcare workers or other personnel for security against infections. According to the Research report, the global Personal Protective Equipment Market was estimated at USD 47 billion in 2018 and is expected to hit $79
Biopesticides Market 2020-2024| Top Key Players are Bayer Crop Science, Marrone …
Declining availability of arable land due to excessive use of chemical pest controlling practices in farming could drive global biopesticides market outlook over the coming years. Consumers are increasingly preferring organic and sustainable food due to growing awareness regarding harmful impacts of consuming food grown with synthetic manure and chemicals. In 2016, bioherbicides saw sales of for more than USD 100 million worldwide. The product is in high demand owing to
Explosives & Pyrotechnics Market 2020-2025 | Orica Mining Services, Incitec Pivo …
The global explosives and pyrotechnics market share has witnessed a commendable growth rate in the last few years due to the increasing mining activities, military spending, and the rising use of fireworks during festivals and events across various nations. Pyrotechnics are designed to give special effects like illumination, smoke formation, propulsion, shooting, disintegration, and sound. The pyrotechnic items are not only used for entertainment but also used in military and
Why the GaN and SiC Power Semiconductor Market Is Set To Explode? | Global Playe …
In terms of geographical expansion, GaN and SiC power semiconductor market outlook is gradually changing in the developing countries of the Asia Pacific region such as India and China. The presence of large solar facilities is the most significant factor that has increased product demand in these nations. To put things into perspective, China has more solar energy capacity - a humongous 130 gigawatts - than any other nation in

All 5 Releases


More Releases for Industry

Global Trauma Product Industry
Global Trauma Product Industry Market Insights:  The Global Trauma Products market is expected to grow at a CAGR of 7.2% during 2017-2022. The products that are used for the physical injuries and wounds caused by the external sources are known as trauma products. Traumatic injuries sometimes lead to long term complications such as long-term disability, chronic pain and infections and so on. It includes the injuries causing severe damage to the body
Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medic …
Researchmoz added Most up-to-date research on "Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medicine Industry, Electronic Industry and Paint Industry" to its huge collection of research reports. This report studies Nutraceuticals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers
Global Sport Jackets Industry
Global Sport Jackets Industry Latest Report on Sport Jackets Market Global Analysis & 2022 Forecast Research Study In this report, the global Sport Jackets market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Global Sport Jackets market competition by top manufacturers, with production, price, revenue (value) and market share for
Dish Washer Industry
In our aim to bring the best and complete information to our clients, we at Orbis Research present the 2017 Global Dish Washer Market market professional survey. The well curated survey by the leading research experts and domain knowledge professionals provides clients with the true picture of the Global Dish Washer Market. The survey is expected to push the understanding of the market and its trends for the clients and
Neurorehabilitation Devices Industry Drivers
Neurorehabilitation Devices Market: Snapshot The market for neurorehabilitation devices holds a lot of potential, analysts have found. Already well-established markets in North America and Europe, coupled with immense growth opportunities in the emerging economies of Asia Pacific and Latin America indicate the favorable pace at which the global neurorehabilitation devices market is likely to grow over the coming years. The introduction of wearable technology and robotics has been having a tremendous
Global Table Lamps Industry
In our aim to provide our erudite clients with the best research material with absolute in-depth information of the market, our new report on Global Table Lamps Market is confident in meeting their needs and expectations. The 2017 market research report on Global Table Lamps Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge. The report will shed light on many