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

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

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Automotive fuel cell market size was estimated at over 5,000 units in 2015, and is expected to grow at a CAGR of 12.7% from 2016 to 2023. Growing consciousness regarding harmful emissions from gasoline and conventional fuel vehicles is expected to drive the industry over the forecast period. – PowerPoint PPT presentation

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


1
Automotive Feul Cell market 2016-2023
2
  • 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

3
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.

4
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. 

5
Germany automotive fuel cell market size, by
application, 2012-2023 (Unit Shipment)
6
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.
  •  
  • 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.


7

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otive-fuel-cell-market Download Latest
Report PDF _at_ https//www.gminsights.com/request-sa
mple/detail/359
8
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