Market Insight : Fuel Cells Market for Automotive Industry Globally Grow at a CAGR of 9.04% by Revenue During the Forecast Period 2018-2021

ResearchMoz presents professional and in-depth study of "Global Fuel Cells Market for Automotive Industry 2017-2021".

Fuel cells like batteries generate electricity from chemical synthesis. The electrochemical reaction in the fuel cell oxidizes the hydrogen, which reacts with oxygen to form water and release electrons.

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All fuel cells follow a standard design, wherein two electrodes (a porous anode and cathode) are separated by an electrolyte. The electrolyte carries electrically charged particles. To accelerate the electrochemical reaction, a catalyst is used. Fuel cells are categorized by the nature of the electrolyte used.

Technavios analysts forecast the global fuel cells market for automotive industry to grow at a CAGR of 9.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global fuel cells market for automotive industry for 2017-2021. To calculate the market size, the report considers the new installations in the market and only fuel cells for automotive industry has been considered in market sizing.

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

Americas

APAC

EMEA

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Technavio's report, Global Fuel Cells Market for Automotive Industry 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.

Key vendors

Ballard Power Systems

Hydrogenics

Nuvera Fuel Cells

Oorja Fuel Cells

PLUG POWER

Other prominent vendors

Acumentrics

AFC Energy

Air Products and Chemicals

Automotive Fuel Cell

Cellkraft

Delphi Automotive

EnergyOR Technologies

H2 Logic A/S

Intelligent Energy

NEL

Proton Motor Fuel Cell

Symbio FCell

Market driver

Increased demand for efficient and cleaner fuel

For a full, detailed list, view our report

Market challenge

Lack of refueling infrastructures for FCEVs

For a full, detailed list, view our report

Market trend

Reduction in the cost of fuel cell system

For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/global-fuel-cells-market-for-automotive-industry-2017-2021-report.html

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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