Fuel cell electric vehicle market is anticipated to grow at a substantial CAGR of 2.9% during the forecast period. One of the major factors of contributing to the growth of the market is the rising demand for zero-emission vehicles. The fuel cell electric vehicles have hydrogen as the mode of power to run the vehicle. It uses the fuel cell to convert electrochemical energy of stored hydrogen to electric energy which runs the electric motor with no emission except the water and heat radiations. As a result of which, this technology is adopted in different vehicles which range from passenger cars to trains. Growing awareness of a cleaner environment and noiseless transportation has increased the demand for fuel cell electric vehicles. Additionally, fuel cell electric vehicles provide benefits such as improved driving range, lower refuelling time, and emission-less transportation. Moreover, governmental campaigns such as tax credits and favourable incentives are encouraging emission-less vehicles which have further ignited the growth of the fuel cell electric vehicles market. For instance, in July 2021, the European Union proposed an effective ban on the sale of new petrol and diesel cars including a 100% cut in CO2 emissions by 2035.
To Request a Sample of our Report on Fuel Cell Electric Vehicle Market: https://www.omrglobal.com/request-sample/fuel-cell-electric-vehicle-market
Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Vehicle Type
- By Fuel Cell type
- By Range
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– including BMW AG, DAIMLER AG, General Motors Co., Honda Motor Co., Toyota Motor Corp., and others.
A full Report of Fuel Cell Electric Vehicle Market is Available at: https://www.omrglobal.com/industry-reports/fuel-cell-electric-vehicle-market
Fuel Cell Electric Vehicle Market Report Segment
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Buses
- Trucks
- Trains
By Fuel Cell Type
- Polymer Electrolyte Membrane Fuel Cell (PEMFC)
- Phosphoric Acid Fuel Cell (PAFC)
- Direct Methanol Fuel Cell (DMFC)
- Solid Oxide Fuel Cell (SOFC)
- Others (Alkaline Fuel Cell, Molten Carbonate Fuel Cell, and Reversible Fuel Cell)
By Range
- Short
- Long
Fuel Cell Electric Vehicle Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- TheVolvo Group
- AUDI AG
- Beijing Automobile Group Co., Ltd.
- Beijing SinoHytec Co., Ltd.
- China FAW Group Co.,Ltd.
- Dongfeng Motor Group Co., Ltd.
- GAC MOTOR
- Hyundai Motor Co.
- INEOS Automotive Ltd.
- Jaguar Land Rover
- MAN
- azda Motor Corp.
- Mitsubishi Fuso Truck and Bus Corp.
- Nikola Corp.
- Nissan Corp.
- SAIC Motor Corp. Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/fuel-cell-electric-vehicle-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
