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Automotive Fuel Cell Market (Fuel Cell Vehicle market) Size to exceed 14,765 Units by 2023: Global Market Insights, Inc.

Automotive Fuel Cell Market Size is likely to reach 14,765 Units by 2023; according to the latest industry research report by Global Market Insights, Inc. increasing fuel cell vehicle (FCV) market size across the globe owing to rising consciousness regarding effects of pollution caused is likely to drive growth.

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Automotive Fuel Cell Market (Fuel Cell Vehicle market) Size to exceed 14,765 Units by 2023: Global Market Insights, Inc.

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  1. Automotive Fuel Cell Market 2015 – 2022

  2. Global Market Scenario of Automotive Fuel Cell • Automotive fuel cell market size was estimated at over 5,000 units in 2015, and is expected to grow at a CAGR of 12.7% from 2016 to 2023.  • Fuel cells help in eliminating noise pollution as they are quiet in operation. In addition, they also offer high reliability and safety as there is no combustion activity involved during the energy production. • Less exposure to high temperatures and absence of corrosion in these devices helps in cutting down maintenance costs. This in turn is predicted to act as catalyst in for automotive fuel cell market demand from 2016 to 2023. • https://www.gminsights.com/industry-analysis/automotive-fuel-cell-market

  3. Continue..... • High initial cost associated with these products is likely to hamper the industry demand over the next seven years.  • Lack of product availability as well as need for technology advancements is also likely to negatively impact the industry. • Transportation sector accounts for significant amount of carbon dioxide emissions which may cause GHG (green house gas emissions). • https://www.gminsights.com/industry-analysis/automotive-fuel-cell-market

  4. Germany Automotive Fuel Cell Market size, by application, 2012-2023 (Unit Shipment) https://www.gminsights.com/industry-analysis/automotive-fuel-cell-market

  5. 360° Analysis • Application Analysis • Light duty automotive fuel cell vehicle market size is likely to be estimated at over 7,500 units by 2023, growing at a CAGR of 12.4% from 2016 to 2023. Integration of fuel cells in this application may enable in cutting down gasoline consumption significantly. • Regional Analysis • Asia Pacific automotive fuel cell market size is anticipated to continue its dominance over the forecast period. • Europe is forecast to be the most attractive regional segment; it is anticipated to grow at a CAGR of over 14.5% over the next seven years. • The U.S. Department of Energy (DOE) awarded over USD 7 million in 2013 to promote fuel cell technology in order to commercialize the technology at the earliest. • Competitive Market Share • Participants occupying major automotive fuel cell market share include Ballard, Fuel Cell Energy, and Toshiba.

  6. Latest Research Report On Automotive fuel cell market @ https://www.gminsights.com/industry-analysis/automotive-fuel-cell-market Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/359

  7. Stay In Touch You can visit us at: www.gminsights.com

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