Fuel Cell Electric Vehicle Market is anticipated to surpass USD 9 billion by 2024; according to a new research report.
Market Study Report Add New Global Fuel Cell Electric Vehicle Market by Manufacturers, Countries, Type and Application, Forecast to 2022 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 250 pages with table and figures in it.
The major players in global and United States market, including
General Motors, Daimler, Honda, Hyundai, Nissan, and Toyota are among the prominent players in the fuel cell electric vehicle market share. Other notable players include Tata Motors, Volkswagen, Ford, Suzuki, Mitsubishi, and Mercedes.
Global fuel cell electric vehicle market share is projected to surpass 300 thousand units by 2024. Increasing research activities will pave the way for emerging technology and simultaneously reduce the product cost. Continuous technological developments along with OEMs investing in increasing production level to achieve economies of scale will result in price drop. Continuously increasing demand for advanced automobiles will boost the fuel cell electric vehicle market over the projected timespan.
Several government initiatives are supporting transition of conventional automobiles to zero emission automobiles. Government funding is speeding up R&D and number of hydrogen refueling stations. Government incentives can effectively bring down the price ranges by manifesting reduced taxes on such automobiles thereby driving the fuel cell electric vehicle market from 2017 to 2024.
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Scope of Report:
E-bikes are predicted to hold approximately 23% of the overall fuel cell electric vehicle market volume share. With substantial number of e-bikes already on roads in China, its sales are surging in Europe particularly in northern countries of the region as per the European Cyclists Federation. These two-wheelers are available at affordable costs and serve the purpose for middle class population which will enhance the fuel cell electric vehicle market share over the projected time frame.
Long distance travelling automobiles from fuel cell electric vehicle market are projected to be valued over USD 880 million by 2024. The automobile producers focus on automobile advancements that will yield a mileage of over 300 miles coupled with development of internal fuel-cell components offering higher efficiency. For instance, Hyundai has plans to introduce long distance travelling hydrogen powered SUV yielding 9% efficiency boost as compared to its old-version models.
Global Fuel Cell Electric Vehicle market report classifies this industry extensively in terms of the regional landscape. Market Segment by Regions, regional analysis covers:
Fuel Cell Electric Vehicle Market, By Vehicle
PCV, LCV, HCV, E-bikes, Forklifts
Fuel Cell Electric Vehicle Market, By Distance
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We presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Table of Content:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Fuel cell electric vehicle industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Vehicle trends
2.1.3. Distance trends
2.1.4. Regional trends
Chapter 3. Fuel cell electric vehicle Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
Chapter 4. Fuel cell electric vehicle Market, By Vehicle
4.1. Global fuel cell electric vehicle market share by vehicle, 2016 & 2024
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
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