Automotive fuel cell market (Fuel Cell Vehicle market) size to exceed 14,765 units by 2023

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Automotive Feul Cell market 2016-2023
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• Research Report Insights
• Methodology and Scope
• Executive Summary
• Automotive Fuel Cell Industry Insights
• Automotive Fuel Cell Application Insights
• Automotive Fuel Cell Regional Insights
• Competitive Insights

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Global Market Scenario of Automotive fuel cell
Industry

• Automotive fuel cell market size is likely to
  reach 14,765 units by 2023 according to the
  latest industry research report by Global Market
  Insights, Inc.
• 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.

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Continue.....

• Lack of durability, high cost and reliability
  coupled with inconvenience is anticipated to
  hamper industry growth.
• 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. 

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Germany automotive fuel cell market size, by
application, 2012-2023 (Unit Shipment)
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360 Analysis

• Application Analysis
• Light duty automotive fuel cell vehicle market
  size is likely to be estimated at over 7,500
  units by 2023, growing at a CAGR of 12.4 from
  2016 to 2023. Integration of fuel cells in this
  application may enable in cutting down gasoline
  consumption significantly.
• Regional Analysis
• Asia Pacific automotive fuel cell market size
  isprojected to account for over 60 of the
  overall industry share by 2023 and is expected to
  grow at a CAGR of 11.8 from 2016 to 2023.
• Europe is forecast to be the most attractive
  regional segment it is anticipated to grow at a
  CAGR of over 14.5 over the next seven years.
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• Competitive Market Share
• Participants occupying major automotive fuel cell
  market share include Ballard, Fuel Cell Energy,
  and Toshiba. Other notable participants include
  Plug Power Inc., Panasonic, and Hydrogenics
  Corporation.

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