DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Market for Hydrogen Fuel Cell Vehicles, 2016" report to their offering.
Global Market for Hydrogen Fuel Cell Vehicles, says that by 2020, sufficient hydrogen filling infrastructures would be in place in several regions of the world, giving an initial boost to the market for hydrogen fuel cell vehicles. Early users of these vehicles are fleets and high-end consumers.
This is a market research report on the global market for hydrogen fuel cell vehicles. Fuel cell technology can be used in virtually every kind of transportation, including cars, trucks, buses, forklifts, motorcycles, bicycles, airplanes, boats, submarines, and trams. However, the focus of this study is light vehicles, which includes cars, minivans and small trucks. These vehicles have gross weight of up to 6 metric tons or North American Class 5 gross vehicle weight rating.
Hydrogen fuel cell electric vehicles represent the next generation of electric drive vehicles, and these vehicles have entered commercialization phase. With zero emission capability, these vehicles represent the future of the automobile. By 2050, these vehicles will be the fastest growing segment of the automobile market. Three major automobile manufacturers, Toyota, Honda, and Hyundai have rolled out hydrogen fuel cell vehicles, and several other major automakers are poised to enter the market. This will trigger intense completion, resulting in a gradual decline in the prices of these vehicles.
By 2020, sufficient hydrogen fueling infrastructures will be in place in several regions of the world, giving an initial boost to the market for these vehicles. As fueling infrastructures further expand during the 2020's, hydrogen fuel cell vehicles will begin to garner greater market acceptance, resulting in faster market penetration. Customers of these vehicles include vehicle fleets, governments, and early adopters. Until a critical mass of customers is reached in the 2030 timeframe, the market will remained confined to affluent segments of society.
Cumulatively, over 22.6 million hydrogen fuel cell vehicles will be sold worldwide by 2032. These sales will generate cumulative revenues upwards of $1.24 trillion for the auto industry.
Key Topics Covered:
1 Executive Summary
2 Scope of the Report
3 Fuel Cell Technology
4 Cost Factors
5 Fuel Cell Vehicle
6 Pros and Cons of Fuel Cell Vehicles
7 Growth Factors
8 Industry Collaboration
9 Deployments: Americas
10 Asia Pacific: Deployments
11 EMEA: Deployments
12 Automaker Strategies
13 Market Forecasts
14 Future of Fuel Cell Vehicles
15 Key Findings and Recommendations
- Daimler AG (Mercedes-Benz)
- Fiat Chrysler Automobiles
- General Motors
- PSA Peugeot Citroën
- Tata Motors
- Volkswagen Group (Audi)
For more information about this report visit http://www.researchandmarkets.com/research/jvczjt/global_market_for