A fuel cell converts chemical energy into electrical energy through an electromechanical reaction. A typical fuel cell consists of two electrodes, the anode and the cathode, which react to generate electricity.
The light-duty vehicles segment accounted for the major shares of this market. The increasing energy costs that is driving the demand for energy-efficient passenger cars will be a major factor driving the growth of the fuel cells market for the automotive industry in this segment.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market. Initiatives from the governments of various countries to increase the popularity of fuel cell vehicles and the need to reduce energy consumption in the transportation sector will augment the market\'s growth prospects in APAC.
The Global Fuel Cell in Automotive Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Fuel Cell in Automotive Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Ballard Power Systems
ACAL
Nuvera Fuel Cells
Plug Power
Hydrogenics
Delphi Automotive Systems
EnergyOR Technologies
H2 Logic
Symbio FCell
Proton Motors
Oorja Protonics
Nuvera Fuel Cell
Intelligent Energy
Infintium Fuel Cell Systems
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
PEMFC (Proton Exchange Membrane Fuel Cells)
MCFC (Molten Carbonate Fuel Cells)
SOFC (Solid Oxide Fuel Cells)
PAFC (Phosphoric Acid Fuel Cells)
In Market segmentation by applications :
Light-Duty Vehicles
Heavy-Duty Vehicles
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Fuel Cell in Automotive Market for the forecast period 2020 - 2026?
• What are the driving forces in the Fuel Cell in Automotive Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Fuel Cell in Automotive industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?