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The global fuel cell electric vehicles market is projected to grow at a moderate rate during the forecast period. Fuel cell electric vehicles utilize fuel cells instead of batteries and are more efficient than conventional internal combustion engine vehicles.
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Orion Market Research Fuel Cell Electric Vehicle Market, by Vehicles (Commercial Vehicles, Passenger vehicles, Boats, and Others), by Electrolyte Type (PEMFC and PAFC) - Industry Size, Share, Global Trends, Competitive Analysis and Forecast, 2019-2025 ------------------------------------------------------------------------------------ Email: info@omrglobal.com Phone: +91 780-304-0404, +1 646-755-7667 The global fuel cell electric vehicles market is projected to grow at a moderate rate during the forecast period. Fuel cell electric vehicles utilize fuel cells instead of batteries and are more efficient than conventional internal combustion engine vehicles. The spark is generated by utilizing atmospheric oxygen and compressed hydrogen in the vehicles. Fuel cells are of emission-free nature therefore, they can be implemented in various kinds of vehicles ranging from passenger cars to airplanes. The increasing awareness of air and noise pollution caused by public and private transportation has increased the demand for fuel cell electric vehicles.
To know more information, please request a free report sample https://www.omrglobal.com/request- sample/fuel-cell-electric-vehicle-market Additionally, governmental efforts to encourage the usage of emission-less vehicles have further fueled the fuel cell electric vehicles industry. For instance, in 2018, the California Energy Commission had awarded Shell and Toyota a contract of $8 million for developing hydrogen-truck refueling stations in the US. The Ministry of Trade, Industry, and Energy (MTIE) announced in July 2018 a target of 5 million fuel cell electric vehicles being deployed by 2030. Besides, zero-emissions nature the other benefits of using fuel cell electric vehicles to enhance the demand for fuel cell electric vehicles. Fuel cell electric vehicles use hydrogen as their combustion fuel as they possess significant carbon neutrality capacity throughout the entire value chain. Browse the full report description of "Fuel Cell Electric Vehicle Market, by Vehicles (Commercial Vehicles, Passenger vehicles, Boats, and Others), by Electrolyte Type (PEMFC and PAFC) - Industry Size, Share, Global Trends, Competitive Analysis https://www.omrglobal.com/industry-reports/fuel-cell-electric-vehicle-market and Forecast, 2019-2025" at As per the Fuel Cells and Hydrogen (FCH) Organization, in 12 years around 800 tons of CO2 can be saved by using a standard fuel cell electric bus compared to buses operating on conventional fuels. Owing to the enhanced fuel efficiency of these zero-emission vehicles industry players are actively involved in incorporating fuel cell electric vehicles in their factories and plants. For instance, in March 218, Toyota Motor Corp. announced the deployment of 20 new zero-emission forklifts in its Motomachi plant for reducing carbon emissions significantly Positively influenced by the benefits of these vehicles the key players of fuel cell electric vehicle market including Volkswagen, Inc., Toyota Motor Corp., Audi AG, Hyundai Motor Group, Audi AG, Tata Motors, Ltd., and Changan Automobile Co., Ltd., amongst others are adopting a variety of strategies including the merger, procurement, products and services to expand their market presence. For instance, in October 2017, Al-Futtaim Motors, distributor of Toyota in the UAE collaborated with Air Liquide for the inauguration of hydrogen refueling stations in Dubai Festival City. The facility of easily accessible fuelling stations at residential buildings and public places along with lower refueling time is expected to expand the market growth over the forecast period. Global Fuel Cell Electric Vehicle Market Segmentation By Vehicle •Passenger Vehicle •Commercial Vehicle •Boats •Others (Forklifts)
By Electrolyte Type •Polymer Electrolyte Membrane Fuel Cell (PEMFC) •Phosphoric Acid Fuel Cell (PAFC) Visit https://www.omrglobal.com/industry-reports/fuel-cell-electric-vehicle-market here to know more about Fuel Cell Electric Vehicle Market study Global Fuel Cell Electric Vehicle Market – Segment by Region North America •US •Canada Europe •Germany •UK •France •Spain •Italy •Rest of Europe Asia-Pacific •China •India •Japan •Rest of Asia-Pacific Rest of the World •Middle East & Africa •Latin America
About Orion Market Research OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404 Source: Fuel Cell Electric Vehicle Market
