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Fuel Cell Vehicle Market size worth USD 18 billion by 2023

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/217<br><br>Fuel cell vehicle (FCV) market size was estimated to reach over USD 18 billion by 2023 and is likely to grow significantly over the forecast period. Fuel cell vehicle sales are anticipated to be valued over 1.2 million units by 2023. This can be mainly attributed to increasing concern to reduce air pollution coupled with high dependency on oil imports.

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Fuel Cell Vehicle Market size worth USD 18 billion by 2023

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  1. Fuel Cell Vehicle (FCV) Market size worth USD 18 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Fuel Cell Vehicle (FCV) Market : • U.S. FCV market share is anticipated to gain significant share owing to stringent government norms and initiatives undertaken in order to develop hydrogen infrastructure • Asia Pacific fuel cell vehicle market is likely to grow at considerable growth rate owing to stringent government programs promoting these vehicles primarily in emerging nations such as China, South Korea, Vietnam and India.

  3. Application Analysis of Fuel Cell Vehicle (FCV) Market : • This can be mainly attributed to increasing concern to reduce air pollution coupled with high dependency on oil imports. • Fuel cell technology has the efficiency to power airport tugs, forklifts, heavy duty vehicles and passenger vehicles. The technology is likely to gain importance owing to its rapid advancement. • In addition, the key automobile manufacturers are spending heavily and are moving towards this technology. These vehicles demonstrate immaculate durability, which specifies significant growth towards the main objectives set by the U.S. Department of Energy.

  4. Competitive Market Share of Fuel Cell Vehicle (FCV) Market: • The key players involved are Cellkraft, Acumentrics SOFC, Altergy Systems, Ballard Power Systems, Ceramic Fuel Cells, BIC Consumer Products and Automotive Fuel Cell Cooperation among others. • The FCV market size is anticipated to observe momentous number of new entrants over the forecast period. Other industry participants include Nissan, Toyota Motor, BMW, Audi, Daimler, Riversimple UK, GreenGT, Ballard, Hyundai Korea, Proton Power Systems, Hydrogenics, GreenGT Belgium and VW Group among others.

  5. Browse Full Market Research Report On Fuel Cell Vehicle (FCV) Market @ https://www.gminsights.com/industry-analysis/fuel-cell-vehicle-fcv-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/217

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