Global Fuel Cells Market for Automotive Industry 2020-2024

Global Fuel Cells Market for Automotive Industry 2020-2024

The publisher has been monitoring the fuel cells market for automotive industry and it is poised to grow by 1695.29 MW during 2020-2024 progressing at a CAGR of 25% during the forecast period. The reports on fuel cells market for automotive industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased demand for efficient and cleaner fuel, government incentives for fuel cell vehicles, and advantages of hydrogen fuel cell vehicles. In addition, Increased demand for efficient and cleaner fuel is anticipated to boost the growth of the market as well.

The fuel cells market for automotive industry market analysis includes application segment and geographical landscapes

The fuel cells market for automotive industry is segmented as below:

By Application

• Light-duty vehicles
• Heavy-duty vehicles
• Others

By Geographical Landscapes

• APAC
• Americas
• EMEA

This study identifies the reduction in the cost of fuel cell system as one of the prime reasons driving the fuel cells market for automotive industry growth during the next few years. Also, increase in R&D investment and activities and diverse applications will lead to sizable demand in the market.

The fuel cells market for automotive industry covers the following areas:

• Fuel cells market for automotive industry sizing
• Fuel cells market for automotive industry forecast
• Fuel cells market for automotive industry industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fuel cells market for automotive industry vendors that include Ballard Power Systems Inc., Cummins Inc., ElringKlinger AG, Horizon Fuel Cell Technologies Pte. Ltd., Intelligent Energy Ltd., Nedstack Fuel Cell Technology BV, Nuvera Fuel Cells LLC, Oorja Corp., Plug Power Inc., and PowerCell Sweden AB. Also, the fuel cells market for automotive industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.