The global fuel cell market size is expected to reach USD 24.81 billion by 2025, according to a new report by Grand View Research, Inc. The rise in demand for unconventional energy sources is a key factor driving the market growth during the forecast period.
Traditionally, North America accounts for a largest market share due to commercialization and adoption of electric vehicles. However, Asia Pacific emerges as a growing market in terms of shipment. Growing demand for combined heat and power systems in APAC market triggers the market demand.
Power based electricity generation is effective in minimizing emission of carbon dioxide or any other hazardous pollutants. Hence, fuel cell technology plays a vital role in dealing with environmental issues as well as encouraging the use of renewable carriers of energy. Ongoing product developments and innovation is expected to open new opportunities for emerging players.
To Know More About Fuel Cell Vehicle Market, Access Sample Report @ https://www.grandviewresearch.com/industry-analysis/fuel-cell-vehicle-market/request/rs1
Using fuel cells can minimize the dependency on non-renewable energy sources such as coal, natural gas and petrochemical derivatives. Fuel cells employ electrochemical process for generation of energy and result in less combustion of fuels. Hybrid systems using conventional engines and fuel cells are deployed in most of electric vehicles.
Further key findings from the report suggest:
Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/fuel-cell-vehicle-market
Grand View Research has segmented the industrial fasteners market on the basis of product, application, and regions:
Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 – 2025)
Application Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 – 2025)
Key Topics Covered
Table of Content
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Fuel cell vehicle regional marketplace: Key takeaways Chapter 3. Fuel Cell Vehicle Industry Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2014 – 2025 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.1.1. Improved vehicle performance 3.4.1.2. Government initiative 3.4.2. Market restraint/challenge analysis 3.4.2.1. Inadequate infrastructure 3.5. Key Opportunity Analysis 3.5.1. Reduction in fuel cell prices 3.6. Industry Analysis – Porter’s 3.7. PEST Analysis
…. continue
Browse Related Reports :
Automotive Electronic Control Unit Market Size, Share & Trends Analysis Report By Application, By Propulsion Type, By Capacity, By Vehicle Type, By Region, And Segment Forecasts, 2019 – 2025:
https://www.grandviewresearch.com/industry-analysis/automotive-ecu-market
Electric Vehicle Battery Market By Battery Type (Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion), By Vehicle Type, By Propulsion, By Region, And Segments Forecasts, 2019 – 2025:
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-battery-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1-415-349-0058, Toll Free: 1-888-202-9519Address:201, Spear Street, 1100 City: San FranciscoState: CaliforniaCountry: United StatesWebsite: https://www.grandviewresearch.com/industry-analysis/fuel-cell-vehicle-market