DUBLIN--(BUSINESS WIRE)--The "Global Fuel Cell Commercial Vehicle Market 2017-2021" report has been added to Research and Markets' offering.
The global fuel cell commercial vehicle market to grow at a CAGR of 24.66% during the period 2017-2021.
Global Fuel Cell Commercial Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Increase in the number of hydrogen production facilities. Hydrogen is selected as the optimal replacement for traditional fossil fuels because of its abundance in the universe. It is the key fuel source that powers a fuel cell vehicle.
The latest trend gaining momentum in the market is Entry of big manufacturers in FCV segment. Previously, only institutes were conducting research on FCV. However, lately, major manufacturers have invested a huge sum on R&D (Toyota, Daimler, Honda, Hyundai, Mercedes-Benz, and BMW).
Major bodies like The New Energy Foundation (NEF) are working in collaboration with the New Energy and Industrial Technology Development Organization (NEDO) to reduce the complexity of fuel cell technology so that it can be adopted by masses. More than 11 projects are in progress, which involves the development and validation of polymer-electrolyte fuel cell technology.
- Toyota Motor Corporation
Other prominent vendors
- Ballard Power Systems
- Iveco Bus
- Thor Industries
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Application
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/7w74tn/global_fuel_cell