Automotive Fuel Cells are used to power inboard electric motor in the automobile.
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They use oxygen from air and usually compressed hydrogen as a fuel to generate the electricity and in the process emits only water.
They are classified as zero emission vehicles. Automotive Fuel Cells are used in various types of vehicles such as in passenger cars, LCV and HCV.
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With the advancement in the fuel cell technology, the cost of the automobile fuel cell reduced as much as 80%.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Automotive Fuel Cells Market.
The scope of this report covers the Automotive Fuel Cells Market by its major segments, which include the types, applications, and the major geographic regions.
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KEY PREMIUM INDUSTRY INSIGHTS
The key reasons driving the growth of the Automotive Fuel Cells market includes a high demand to reduce the dependency on oil & gas resources in order to control pollution and balance trade deficit and increasing demand for high efficient fuels in the automotive sector.
Strict government regulation to control pollution is one of the key growth opportunity drivers for this market.
However, factors like high cost and reliability may hamper the growth of the Automotive Fuel Cells market.
KEY MARKET PLAYERS
Key players in the automotive fuel cells market include:
1. Ballard Power Systems Inc.
2. FuelCell Energy, Inc.
3. Plug Power Inc.
5. Atrex Energy, Inc.
6. Convion Ltd.
7. AFCC Automotive Fuel Cell Cooperation
9. Toshiba Fuel Cell Power Systems Corporation
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