Fuel Cell Commercial Vehicle Market Globally Grow at a CAGR of 24.66% by Revenue During the Forecast Period 2018-2021

ResearchMoz presents professional and in-depth study of "Global Fuel Cell Commercial Vehicle Market 2017-2021".

Fuel cell technology is a green technology, which involves a chemical reaction between hydrogen and oxygen to produce electricity and water. This is expected to be the future fuel due to the abundance of hydrogen in the universe.

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Fuel cells use hydrogen as the primary energy source, which is abundantly available in the universe and produces electricity by a chemical reaction with oxygen in the presence of a catalyst (platinum). The output of this reaction is water.

Technavios analysts forecast the global fuel cell commercial vehicle market to grow at a CAGR of 24.66% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global fuel cell commercial vehicle market for 2017-2021. To calculate the market size, the report considers the shipments

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Fuel Cell Commercial Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Daimler

Renault

Toyota Motor Corporation

Other prominent vendors

Ballard Power Systems

Iveco Bus

MAN

Thor Industries

Van Hool

Market driver

Increase in the number of hydrogen production facilities

For a full, detailed list, view our report

Market challenge

Fossil fuels are still the major energy source used to produce hydrogen

For a full, detailed list, view our report

Market trend

Entry of big manufacturers in FCV segment

For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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