INTRODUCTION
Hydrogen fuel cell vehicles have been under development since early 2000s but the first breakthrough came in 2013 when Hyundai delivered 15 Ix35 manufactured on a production line to City of Copenhagen.
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It was quickly followed by Toyota, the global leader in hybrid vehicles when it showcased the prototype of Mirai in 2014 and retail sales began in US in Q3-2015 with prices starting at $57k.
GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET DYNAMICS
Hydrogen vehicle fuel cells so far have been based on an expensive platinum catalyst, which is among the major challenges holding back the technology from faster commercialization.
To counter cost issues, researchers from the University of Copenhagen have developed a new catalyst that requires a fraction of the amount of Platinum.
Hyundai has been working with the US Federal government for fuel cell technology since 2004 and delivered five Nexo fuel cell vehicles to US Department of Energy.
The 300% rise in the value of shares of start-up truck maker Nikola which has not made or sold a single vehicle is a growing reminder of how investors see fuel cells as path breaking technology.
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In rail industry, there has been a growing chorus to reduce emissions especially on non-electrified lines and that is where hydrogen rail vehicles have gained prominence. Alstom’s Coradia iLint built by the company in Salzgitter, Germany has now been launched in Austria following successful trials in Germany.
GLOBAL HYDROGEN FUEL CELL VEHICLE MARKET SIZE AND FORECAST
The global hydrogen fuel cell vehicle market is estimated at $XX Million in 2020 growing at –% CAGR till 2025
HYDROGEN FUEL CELL VEHICLE MARKET COMPANY PROFILE
1.Toyota Motors
2.Hyundai Motor Company
3.Nikola Motors
4.Ballard Power Systems
5.SAIC Motors
6.Honda Motors
7.Daimler AG
8.Volvo AB
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THIS HYDROGEN FUEL CELL VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Global Hydrogen Fuel cell vehicle Market right now and how will it change in next 5-6 years?
- Average cost to set up a Global Hydrogen Fuel cell vehicle Market in Europe ,US & China?
- How many Global Hydrogen Fuel cell vehicle Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a and key Global Hydrogen Fuel cell vehicle Market vendor selection criteria
- Where is the Global Hydrogen Fuel cell vehicle Market manufactured? What is the average margin per equipment?
- Market share of Global Hydrogen Fuel cell vehicle Market manufacturers and their upcoming products
- The most important planned Global Hydrogen Fuel cell vehicle Market in next 2 years
- Details on network of major Global Hydrogen Fuel cell vehicle Market and pricing plans
- Cost advantage for OEMs who manufacture Global Hydrogen Fuel cell vehicle Market in-house
- 5 key predictions for next 5 years in Global Hydrogen Fuel cell vehicle Market
- Average B-2-B Global Hydrogen Fuel cell vehicle Market price in all segments
- Latest trends in Global Hydrogen Fuel cell vehicle Market, by every market segment
- The market size (both volume and value) of Global Hydrogen Fuel cell vehicle Market in 2022-2027 and every year in between?
- Global production breakup of Global Hydrogen Fuel cell vehicle Market, by suppliers and their OEM relationship
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