Apr 22, 2020 Xherald -- MarketInsightsReport has published a report titled global Hydrogen Fuel Automotive Market research report 2020 that is a detailed observation of several aspects, including the rate of growth, technological advances and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The global Hydrogen Fuel Automotive Market was valued at $651.9 million in 2018 and the market is projected to grow at a CAGR of over 50.0% during the forecast period 2020 to 2025.
Top Companies in the Global Hydrogen Fuel Automotive Market are
Nissan Motor Co., Ltd. /zigman2/quotes/207656007/delayed NSANY +0.56% , Fort, Toyota Motor Corporation /zigman2/quotes/200537742/composite TM +1.26% , KIA, Hyundai Motor Company /zigman2/quotes/204364212/delayed HYMTF +4.67% , Daimler AG, Grove and Others.
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Hydrogen Fuel vehicle is a vehicle that uses hydrogen fuel for motive power. The power plants of such vehicles convert the chemical energy of hydrogen to mechanical energy either by burning hydrogen in an internal combustion engine, or, more commonly, by reacting hydrogen with oxygen in a fuel cell to run electric motors.
Types of the market are HICEV, FCEV and Other.
Applications of the market are Passenger Car, Commerical Car and Other.
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Browse Full report description with TOC
Bosch, an automotive parts supplier company, have teamed up with Powercell Sweden AB to produce fuel cell technology for cars and trucks. We take a look at the latest news on hydrogen fuel cell cars and their benefits.
Under their agreement, the German auto supplier said that both companies will collaborate together to make polymer-electrolyte membrane (PEM) fuel cells for mass production by 2022.
"By teaming up with Bosch we can achieve a commercial break-through within the automotive industry that would be very hard for us to accomplish on our own," says Per Wassen, CEO of PowerCell.
For More (Source)
How fuel cells will affect the automotive landscape
December 12, 2019 - The transportation sector is one of the most prominent contributors toward emissions. In this scenario, the usage of fuel cells has become very prominent. These cells have high efficiency and their dependability as an alternative fuel across transport applications has increased in recent years. The presence of a supportive regulatory spectrum is also responsible for the rise in demand for these cells.
Energy consumption is more prominent in the transport sector than any other. Land transport is a major contributor to energy consumption in this domain, typically due to light vehicles including cars as well as heavy duty cargo vehicles.
The rise in automobile production will thus serve as a major factor for increasing the demand of fuel cells worldwide. According to U.S. Department of Energy's February 2019 report, the number of fuel cell vehicles on the road in America grew to 6,500 from 4,000 in 2015. For More ( Source )
Global Fuel Cell Market Research Report 2020
Global Fuel Cell Electric Vehicles Market Growth 2020-2025
Regions covered By Hydrogen Fuel Automotive Market Report 2020 To 2025 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other).
Effect of the Hydrogen Fuel Automotive market report is
- Comprehensive evaluation of all opportunities and risks in the market.
- Hydrogen Fuel Automotive market current developments and significant occasions.
- Deep study of business techniques for development of the market-driving players.
- Conclusive study about the improvement plot of market for approaching years.
- Top to bottom approach of market-express drivers, targets and major littler scale markets.
- Favorable impression inside imperative mechanical and publicize latest examples striking the market.