Hydrogen fuel cell vehicle market

1. Hydrogen Fuel Cell Vehicle MarketSet to Exceed USD 28.82 billion by 2026 | CAGR: 41.2% “Hydrogen Fuel Cell Vehicle (HFCV) Market Share, Size, Trends, Industry Analysis Report By Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell); By Vehicle Type (Commercial Vehicle, Passenger Car); By Regions, Segments & Forecast, 2020 - 2026”

2. Hydrogen Fuel Cell Vehicle Market Estimate & Forecast to 2026 The global hydrogen fuel cell vehicle (HFCV) market size is expected to reach USD 28.82 billion by 2026 according to a new study by Polaris Market Research. In contrast to conventional gasoline, petrol or diesel vehicles, a hydrogen fuel cell incorporates oxygen and hydrogen, which in turn produce energy for the car. There are numerous factors affecting the forward momentum of the market. Developing varied technologies in the automotive industry generates new opportunities for growth. Furthermore, a hydrogen fuel cell vehicle’s enhanced cargo capacity and longer range contribute to its growth. Since hydrogen fuel cell cars can generate their own energy, many eco-conscious clients opt for fuel cell vehicles over domestic electric cars. Growing environmental awareness is expected to increase the global HFCV market during the forecast period. This is because of decreased carbon emissions from HFCVs, unlike conventional vehicles operating on petrol, diesel or petrol.

3. Hydrogen Fuel Cell Vehicle Market Estimate & Forecast to 2026 According to the International Energy Agency, Germany has around 23 operating hydrogen fueling stations in 2017. These numbers are to be outnumbered by more than 50 as the country is constructing 25 more such stations, and at the end of 2017 around 60 stations are estimated to be operational. The National Organization Hydrogen and Fuel Cell Technology (NOW) coordinated Germany’s National Innovation Programme (NIP) to establish 50 stations with $134 million. Public and private stakeholders are convened by the Clean Energy Partnership to create this initial network. H2Mobility, a consortium of Air Liquide, Daimler, Linde, OMV, Shell, and Total, is planning and constructing this network. The consortium plans to have 100 stations by 2019, with around 10 stations each in Hamburg, Berlin, Rhine-Ruhr, Frankfurt, Stuttgart, and Munich metropolitan areas, and the remaining 40 as connectors and destination stations. This infrastructure backbone supports both light-duty and light commercial fuel cell vehicles, with the additional stations expected to grow with the rising growth of the global market. Since January 2016, the Research Centre for Gas Innovation (RCGI) has been working to offer technology for obtaining fuel cells in 5 years. The center has the mission to investigate the use of the resource in terms of increasing their partnership in the Brazilian energy matrix. It is also making a contribution to the mitigation of greenhouse gas emissions. They have also emphasized that Brazil along with the US, Japan, and Germany, advanced programs to produce hydrogen-operated buses. Hence, this project will support the development of such vehicles.

4. Hydrogen Fuel Cell Vehicle Market Size Speck to Analyst

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