Global automotive fuel cells market is expected to reach 1021.90 million USD by 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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With increasing emission levels, the governments across the globe are focusing on promoting the adoption emission-free vehicles. Several countries around the world including the US and Germany are providing various incentives for fuel cell vehicle buyers. For instance, fuel cell vehicle buyers in Germany receive an incentive of about USD 4,450. Similarly, Japan also provides a purchase subsidy of about USD 19,740 for fuel cell vehicles. Additionally, countries such as China, Japan, South Korea, and the US are also focusing on developing hydrogen infrastructure. Such initiatives will increase the popularity and adoption of fuel cell vehicles, which will subsequently drive the growth of the fuel cells market for the automotive industry.
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QYResearch • The automotive fuel cells are expected to grow at a CAGR of 15.95% from 269.68 million USD in 2016 to reach 1021.90 million USD by 2025 in global market. The automotive fuel cells market is very concerted market; the revenue of top five manufacturers accounts about 98% of the total revenue in 2016.
• The leading manufactures mainly are Toyota, Honda, Hyundai, Ballard and Nedstack. Toyota is the largest manufacturer; its revenue of global market exceeds 78% in 2016, which main due to large sales of its fuel cell vehicle. • Geographically, the global automotive fuel cells market has been segmented into North America, Europe, China, Japan, Korea and other. Japan held the largest share in the global automotive fuel cells sales market, its revenue of global market exceeds 82% in 2016. www.qyresearch.com
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The Global Automotive Fuel Cells Sales Market Report 2018 report released by QYResearch provides a basic overview of the Automotive Fuel Cells industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Automotive Fuel Cells industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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