(I-BusinessNews.Com, June 19, 2017 ) According to Publisher, the Global Fuel Cell Electric Vehicles market is accounted for $75.98 billion in 2015 and is expected to reach $138.4 billion by 2022 growing at a CAGR of 8.9% from 2015 to 2022. Factors such as adopting fuel cell vehicle strategies, increasing hydrogen-based fuel cell vehicle, decrease in greenhouse gases emission, R&D of fuel cell electric vehicle technology will propel market growth. However, large cost required to establish the system can hamper market growth. Storage of hydrogen in vehicles, solar hydrogen stations, regenerative fuel cell system for vehicles and HRS and electric drive train over an internal combustion engine will provide ample opportunity for the market to grow.
Asia Pacific commanded the largest market for fuel cell electric vehicles due to increasing demand from Taiwan, china and Japan for zero emission. Europe is expected to grow at the highest CAGR during the forecast period.
Some of the key players in global Fuel Cell Electric Vehicles market are Automotive Fuel Cell Cooperation Corp., Ballard Power Systems, Acal Energy, Acumentrics SOFC Corporation, Ceramic Fuel Cells Ltd, Belenos Clean Power Holding, BIC Consumer Products, Hydrogenics, Hyundai, Michelin, Nuvera-NACCO Materials Handling, Proton Motor Fuel Cell Germany, Riversimple, Nissan Motor Company Ltd, Intelligent Energy, Bosch Thermo-technology, Toyota Motor Corporation, VW Group including Audi, GreenGT, Daimler AG,BMW AG, General Motors, Dynasty Electric Vehicles Ltd., Mitsubishi Corp and Tesla Motors.
Power Sources Covered: - Battery-Powered Source - Exotic Power Source - Fuel Cell Power Source
Vehicle Types Covered: - Aircraft - eBikes - Commercial/industrial o Burden carriers o Material handling equipment o Forklifts - Passenger Vehicles
o Microcars o Sports Utility Vehicle (SUVs) o Crossover SUVs o Sedans o Sports cars - Buses - Motor scooters - Low-Velocity Vehicles
o Neighbourhood electric vehicles o Golf carts o Personal mobility devices - Delivery trucks - Other Vehicle Types o Military o Locomotives Configurations Covered: - Hybrid Electric Vehicle - Plug-In Hybrid Electric Vehicle - Pure Electric Vehicle
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
10 Company Profiling 10.1 Automotive Fuel Cell Cooperation Corp. 10.2 Ballard Power Systems 10.3 Acal Energy 10.4 Acumentrics SOFC Corporation 10.5 Ceramic Fuel Cells Ltd 10.6 Belenos Clean Power Holding 10.7 BIC Consumer Products 10.8 Hydrogenics 10.9 Hyundai 10.10 Michelin 10.11 Nuvera - NACCO Materials Handling 10.12 Proton Motor Fuel Cell Germany 10.13 Riversimple 10.14 Nissan Motor Company Ltd 10.15 Intelligent Energy 10.16 Bosch Thermo-technology 10.17 Toyota Motor Corporation 10.18 VW Group including Audi 10.19 GreenGT 10.20 Daimler AG 10.21 BMW AG 10.22 General Motors 10.23 Dynasty Electric Vehicles Ltd. 10.24 Mitsubishi Corp 10.25 Tesla Motors
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