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Automotive Fuel Cell Market worth 268,786 Units by 2025 The report "Automotive Fuel Cell Market by Components (Fuel Stack, Fuel Processor, Power Conditioner), Electrolyte Type (PEMFC, PAFC), Power Output (<100KW, 100-200KW, >200KW), Vehicle Type (PC, LCV, Bus, Truck), H2 Fuel Station, Region Global Forecast to 2025" >The automotive fuel cell market is estimated to be 7,785 Units in 2018 and is projected to reach a market size of 268,786 Units by 2025, growing at a CAGR of 65.86% during the forecast period.

Browse 55 market data Tables and 77 Figures spread through 183 Pages and in-depth TOC on "Automotive Fuel Cell Market by Components , Electrolyte Type, Power Output, Vehicle Type, H2 Fuel Station, Region - Global Forecast to 2025" @ https://www.marketsandmarkets.com/Market-Reports/automotive-fuel-cell-market-14859789.html Early buyers will receive 10% customization on reports.

The Proton Exchange Membrane fuel cell (PEMFC) is estimated to be the fastest growing and the largest market in automotive fuel cell market during the forecast period PEMFC is estimated to witness fastest growth and is estimated to have the largest market share in automotive fuel cell market, by electrolyte type. The fuel cell produces zero emissions and can help in reducing the greenhouse gas emissions. PEMFC are used in passenger and commercial vehicles due to their high-power density, suitable operating temperature, small size, high efficiency, and light weight. Hence, PEMFC segment is expected to dominate the automotive fuel cell market during the forecast period.

Passenger car segment to be the largest segment in the automotive fuel cell market, by vehicle type Due to the ease of application of fuel cell technology in passenger cars, increased driving range, cost effectiveness of fuel cell passenger cars, and high focus of OEMs to implement fuel cell technology in passenger cars are boosting the growth of the passenger car segment. There are several FCEV passenger car models, such as Toyota Mirai, Honda Clarity, and others, available in the market. Due to the high demand for passenger cars, large passenger car production capabilities, stringent emission norms, comparatively low fuel cell production costs, and increasing investments by leading fuel cell manufacturers such as Ballard Power Systems, the passenger car segment of the automotive fuel cell market is projected to lead the market.

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Asia Pacific is projected to be the fastest growing regional market for automotive fuel cell Asia Pacific represents the biggest market for green technologies in the world. The governments are setting renewable energy targets, backed by favorable policies such as the Kyoto Protocol. Currently, the largest markets for fuel cells in Asia Pacific are Japan and South Korea. This has been the dominant region for fuel cell adoption since 2009 due to the commercial deployment of Japanese fuel cell micro-CHP products. Japan, the first nation to commercialize fuel cells, is supporting a project on residential and automotive applications. The ecosystem of the fuel cell market consists of fuel cell manufacturers such as Ballard Power Systems (Canada), ITM Power (UK), Hydrogenics (Canada), Plug Power (US), and AFCC (Canada). The OEMs considered include Toyota (Japan), Honda (Japan), Hyundai (South Korea), Daimler (Germany), and Nissan (Japan). Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=14859789

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Analysis on Automotive Fuel Cell Market  

Automotive Fuel Cell Market research report categorizes the global market by Components (Fuel Stack, Fuel Processor, Power Conditioner), Ele...

Analysis on Automotive Fuel Cell Market  

Automotive Fuel Cell Market research report categorizes the global market by Components (Fuel Stack, Fuel Processor, Power Conditioner), Ele...

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