Automotive Fuel Cell Market latest Trends and New Technologies Research Forecast to 2023

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A detailed overview of Automotive Fuel Cell market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Automotive Fuel Cell market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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.

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.

Automotive fuel cell market size is likely to reach 14,765 units by 2023; according to the latest industry research report 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.

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Rising consciousness regarding effects of pollution caused by traditionally fueled vehicles is anticipated to remain the key driver for the automotive fuel cell market. High pricing as compared to other zero emission vehicles plays a considerable role in the buying decision.

Surging R&D in the fuel cell vehicles market is likely to create high employment as well as business opportunities to industry participants. High benefits offered by these vehicles are likely to boost the implementation and application in the public transit systems.

Key insights from the report include:

Lack of infrastructure for producing, storing and delivering hydrogen paired with cost associated with replacing the existing the current oil-based infrastructure may challenge the industry.

Asia Pacific automotive fuel cell market share dominated global demand and accounted for over 60% of the total volume in 2015; it is likely to grow steadily over the forecast period. Favorable government regulations promoting fuel cell usage is likely to drive regional demand.

Major Highlights from Table of contents are listed below for quick lookup into Automotive Fuel Cell Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Automotive Fuel Cell Market
  • Product trends
  • Application trends

Chapter 3. Automotive Fuel Cell Industry Insights

  • Automotive Fuel Cell Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Automotive Fuel Cell industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Automotive Fuel Cell Market Technology & innovation landscape
  • Industry impact forces
  • Automotive Fuel Cell Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Automotive Fuel Cell Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Automotive Fuel Cell Market
  • SWOT Analysis

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