Fuel Cell Electric Vehicle Market with COVID-19 Impact, Size 2020, Share, Industry Analysis, Trends, Segmentation, Competitive Landscape, and Forecast 2026

(CDN Newswire via Comtex)

Fuel Cell Electric Vehicle Market Summary: Global Fuel Cell Electric Vehicle Market is valued approximately USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2026.

The fuel cell is similar to the battery in terms of function, and it generates electricity via an electrochemical reaction. The fuel cell converts chemical energy into electric energy and are favourable in electric drivetrains, that are powered by hydrogen fuel cells with a compact battery size. In fuel cell electric vehicle (FCEV), Proton exchange membrane fuel cell (PEMFC) is a widely utilized fuel cell type that is operated at low temperature and consists of platinum catalyst, which is ideal for utilization in vehicles. The increasing demand for vehicles with minimum carbon emission along with stringent carbon emission norms and significant development in the field of fuel cell technology are the few factors responsible for growth of the market over the forecast period.

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Furthermore, the introduction of products and other strategic alliance by various market players will create a lucrative demand for this market. For instance, according to company's news release on 12th March 2020, Ballard Power System acquired Solaris Bus & Coach S.A., an European bus and trolleybus manufacturer and Ballard partner headquartered in Bolechowo, Poland, for 25 of the Company's new 70 kilowatt heavy-duty FCmove(TM)-HD fuel cell modules. The novel coronavirus (Covid-19) crisis has caused a slowdown the manufacturing powerhouse, having a negative impact on the global economic growth. The majority of the production facilities remain closed or are not able to attain full production capacity due to shortage of staff and raw materials, further impacting the demand of this market. However, high cost of FCEV is the major factor restraining the growth of global Fuel Cell Electric Vehicle market during the forecast period.

The regional analysis of global Fuel Cell Electric Vehicle market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in Fuel Cell Electric Vehicle Market report are:
Ballard Power Systems Inc.
Nuvera Fuel Cells, LLC
Meritor, Inc.
US Hybrid Corporation
Hydrogenics
Dana Incorporated
Sunrise Power Co., Ltd.
Plug Power, Inc.
Ceres Power Holdings PLC
Shanghai Shen-Li High Technology Co., Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle:
Heavy Duty Vehicle
Agriculture
Buses
thers

By Distance:
Short
Long

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Target Audience of the Global Fuel Cell Electric Vehicle Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Table of Content

Chapter One: Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter Two: Global Fuel Cell Electric Vehicles Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter Three: Global Fuel Cell Electric Vehicles Market Dynamics
3.1. Fuel Cell Electric Vehicles Market Impact Analysis (2018-2026)

Chapter Four: Global Fuel Cell Electric Vehicles Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

Chapter Five: Global Fuel Cell Electric Vehicles Market, by Rack Units
5.1. Market Snapshot
5.2. Global Fuel Cell Electric Vehicles Market by Rack Units, Performance - Potential Analysis
5.3. Global Fuel Cell Electric Vehicles Market Estimates & Forecasts by Rack Units 2016-2026 (USD Billion)
5.4. Fuel Cell Electric Vehicles Market, Sub Segment Analysis

Chapter Six: Global Fuel Cell Electric Vehicles Market, by End-User Industry
6.1. Market Snapshot
6.2. Global Fuel Cell Electric Vehicles Market by End-User Industry, Performance - Potential Analysis
6.3. Global Fuel Cell Electric Vehicles Market Estimates & Forecasts by End-User Industry 2016-2026 (USD Billion)
6.4. Fuel Cell Electric Vehicles Market, Sub Segment Analysis

Chapter Seven: Global Fuel Cell Electric Vehicles Market, Regional Analysis
7.1. Fuel Cell Electric Vehicles Market, Regional Market Snapshot
7.2. North America Fuel Cell Electric Vehicles Market
7.3. Europe Fuel Cell Electric Vehicles Market Snapshot
7.4. Asia-Pacific Fuel Cell Electric Vehicles Market Snapshot
7.5. Latin America Fuel Cell Electric Vehicles Market Snapshot
7.6. Rest of The World Fuel Cell Electric Vehicles Market

Chapter Eight: Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles

Chapter Nine: Research Process
9.1. Research Process
9.2. Research Attributes
9.3. Research Assumption

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Note: Our report does take into account the impact of corona virus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19.

As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic.

This content has been distributed via CDN Newswire press release distribution service. For press release enquires please mail us at [email protected].

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