Automotive Fuel Cell Market

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• Automotive Fuel Cell Market worth 268,786 Units
  by 2025

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The automotive fuel cell market is estimated to
be 4,457 units in 2017 and is projected to reach
268,786 units by 2025, at a CAGR of 65.86 during
the forecast period. The base year for the study
is 2017 and the forecast period is 20182025. The
market is primarily driven by the benefits
offered by fuel cell vehicles, such as better
fuel efficiency and increased driving range, fast
refueling, reduced oil dependency, and no
greenhouse gas and air pollutants emission. 
Rising demand for fuel cell vehicles in
automotive and transportation sectors and
government initiatives toward building hydrogen
infrastructure will further boost the automotive
fuel cell market.
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Target Audience Of Automotive Fuel Cell Market

• Automotive fuel cell manufacturers and component
  suppliers
• Fuel stack component manufacturers
• Power conditioner component manufacturers
• Automotive OEMs
• Industry associations and other electric vehicle
  manufacturers
• The automobile industry and related end-user
  industries

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Scope Of The Report

• Automotive Fuel Cell Market, By Electrolyte type
• PEMFC
• PAFC
• Automotive Fuel Cell Market, By Component type
• Fuel Processor
• Fuel Stack
• Power Conditioner
• Automotive Fuel Cell Market, By Vehicle Type
• Passenger car
• Bus
• Light Commercial Vehicle (LCV)
• Truck

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Key players of Global Battery Market
The ecosystem of the fuel cell market consists of
fuel cell manufacturers such as Ballard Power
Systems (Canada), ITM Power (UK), Hydrogenics
(Canada), Plug Power (US), and AFCC (Canada). The
OEMs considered include Toyota (Japan), Honda
(Japan), Hyundai (South Korea), Daimler
(Germany), and Nissan (Japan).

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Asia pacific is projected to be the fastest
growing regional market for automotive fuel
cellAsia pacific represents the biggest market
for green technologies in the world. The
governments are setting renewable energy targets,
backed by favorable policies such as the kyoto
protocol. Currently, the largest markets for fuel
cells in asia pacific are japan and south korea.
This has been the dominant region for fuel cell
adoption since 2009 due to the commercial
deployment of japanese fuel cell micro-chp
products. Japan, the first nation to
commercialize fuel cells, is supporting a project
on residential and automotive applications. Asia
pacific is projected to be the largest market for
automotive fuel cell by 2025 due to the high
acceptance of electric vehicles, increasing
hydrogen infrastructure, and commercialization of
fuel cells in the countries in this region.
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Browse 55 market data Tables and 77 Figures
spread through 183 Pages and in-depth TOC
on "Automotive Fuel Cell Market"This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.

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