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Hydrogen Vehicle Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

The research report on hydrogen vehicle market segments the global market by vehicle type (Commercial, Passenger, and Others), by technology type (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, and Solid Oxide Fuel Cell), and by region<br>

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Hydrogen Vehicle Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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  1. Hydrogen Vehicle Market- Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017-2025

  2. REPORT DESCRIPTION Hydrogen Vehicle Market Overview Hydrogen vehicles use hydrogen fuel cells instead of conventional fuel. This fuel cell converts chemical energy into electrical energy. Increasing environmental concerns of government bodies to reduce the emissions of harmful gases and increasing adoption of technological advancements are likely to foster growth of the hydrogen vehicle market during the forecast period. Lack of conventional fuel sources along with concerns regarding growing carbon footprint is fuelling growth of the global hydrogen vehicle market Factors driving growth of the global market include increasing CO2 emissions in conjunction with stringent regulations being formulated to control emission of such harmful gases. Hydrogen vehicles are responsible for controlling the CO2 emission, as hydrogen combines with oxygen in the fuel cell to produce water, which is a clean by-product. . Hydrogen vehicles are eco-friendly, thus the demand for these vehicles is increasing, in turn, boosting growth of the hydrogen vehicles market.

  3. REPORT DESCRIPTION Reduction in prices of the hydrogen cell is expected to drive market growth in the near future Reducing fuel cell prices is a key factor driving growth of the hydrogen vehicles market. In the present market scenario, fuel cell manufacturing companies are investing in new technologies to help reduce the overall cost of hydrogen fuel cells. For instance, in September 2017, Nisshinbo Holdings Inc., introduced the carbon alloy catalyst for the replacement of platinum catalyst, as cost of platinum is higher than carbon alloys. This in turn, helps reduce the overall price of the hydrogen fuel cell. For instance, According to the U.S. Department of Energy, a single fuel-cell vehicle requires US$ 3,650 for catalyst materials, which accounts for 40-45% of the cost of the cell's internal components. Platinum is sold for US$ 36.35 (4,000 yen) per gram. Therefore, manufacturers are developing new catalysts for hydrogen vehicles which in turn, is fuelling growth of the market High initial investment for developing infrastructure is one of the key challenges for growth of the market The cost required for developing the infrastructure for manufacturing the hydrogen vehicles is significantly high. Initial investment by manufactures is thus high, which in turn, poses as a major factoring hampering growth of the hydrogen vehicles market. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/1722

  4. REPORT DESCRIPTION Global Hydrogen Vehicle Market: Regional Insights The market for Asia Pacific accounted for the largest share in the 2016 and this region is expected to retain its dominance during the forecast period. The increasing adoption of hydrogen fuel cell in emerging economies such as India and China is driving growth of the market. Owing to rise in industrialization and commercialization and growing working class population in these economies, is increasing the overall disposable income of individuals. As per International Monetary Fund (IMF) GDP growth trend, the economic activities in advanced and emerging economies increased by 3.1% in 2017 from 2016. This in turn, is expected to increase the purchasing power of consumers, thus propelling growth of the hydrogen vehicles market. Moreover, the increasing government regulations to reduce emissions from vehicles is further expected to boost the demand for hydrogen fuel cells. For instance, according to the European Union, EU Regulation No 443/2009 sets an average CO2 emissions target for new passenger cars of 130 grams/kilometer. A target of 95 grams/kilometer will be applicable from 2021. These factors in turn, are expected to propel growth of the regional market. To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/1722

  5. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES

  6. ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCARE IT CLINICAL DIAGNOSTIC BIOTECHNOLOGY PHARMACEUTICAL MEDICAL IMAGING MEDICAL DEVICES Chemicals & Materials Speciality and Fine Chemicals Advanced Materials Bulk Chemicals Green Chemicals Polymers & Resins Food Ingredients Cosmetic Ingredients

  7. ABOUT COHERENT MARKET INSIGHTS KEY STATS RESEARCH SOLUTIONS GLOBAL REPORTS FEASIBILITY STUDIES 100+ Insights Published Per Year COUNTRY ANALYSIS 150+ CONSULT PROJECTS Consulting Projects Till Date SURVEY RESEARCH EXCEL FORECAST DATABASE 125+ COMPETITIVE ASSESSMENT Clients Worldwide Per Year 110+ TECHNOLOGY SNIPPETS Analysts and Contract Consultants CUSTOMIZED SOLUTIONS Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein.

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