Pune, India, April 08, 2019 -- /360iResearch/ -- The report "Global Automotive Fuel Cell Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 538.15 million in 2018 and is projected to reach USD 1,261.57 million by 2025, growing at a CAGR of 12.94% from 2018 to 2025.
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The major forces driving the growth of the automotive fuel cell market include the better fuel efficiency, fast refueling, and increased driving range and economic due to reduced oil dependency. Moreover, potential role of fuel cells in a low-carbon economy is also one of the factors that is driving the market growth. However technical and operational issues, and subsidized bevs and hevs may hinder the market growth. In the middle of difficulty lies opportunity such as the vehicle manufacturers, private organizations, and government initiatives. The possible challenges for the market growth is high vehicle costs and insufficient hydrogen infrastructure. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on component, the global automotive fuel cell market is studied across Fuel Processor, Fuel Stack, and Power Conditioner. Based on output, the global automotive fuel cell market is studied across 100-200 KW, <100 KW, and >200 KW. Based on technology, the global automotive fuel cell market is studied across Alkaline Fuel Cells, Direct Methanol Fuel Cells, Molten Carbonate Fuel Cells, Phosphoric Acid Fuel Cells, Proton-Exchange Membrane Fuel Cells, and Solid Oxide Fuel Cells. Based on vehicle type, the global automotive fuel cell market is studied across Agricultural Vehicles, Buses & Coaches, Forklift, Port Vehicle, & Internal Container Handling Vehicle, Heavy & Special Duty Truck, Light Electric Vehicle, Medium & Heavy Duty Vehicle, and Passenger Cars. Based on geography, the global automotive fuel cell market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the automotive fuel cell market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Arcola Energy Limited, Ballard Power Systems, Ceres Power Holdings plc, Daimler AG, Hydrogenics Corporation, Hyundai Motor Company, Nuvera Fuel Cells, LLC, Plug Power Inc., SAIC Motor Corporation, Shanghai Shen-li High Tech Co.,Ltd., Sunrise Power Co., Ltd., and Swiss Hydrogen SA.
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