Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
Concern on air quality issues, rapid adoption of alternate fuel vehicles, growing mass urban transportation and strong government subsidies supporting eco-friendly vehicles are the major factors driving the fuel cell vehicles market. Zero CO2 and other GHG emissions, operating quietly and less maintenance cost are some of the advantages of fuel cell vehicles over IC engine vehicles, which have slowly experienced a significant impact on commercial vehicles post 2015. China has been identified as one of the largest global market for buses and commercial vehicles.
Commercialization Plans Adopted For Fuel Cell Bus and Trucks
Plans such as relaxation on regulations to permit self-service hydrogen stations are expected to be rolled out especially by governments of Asia-Pacific countries like China and India where pollution and emissions are rampant. These plans, after coming into effect, would help the station operators to generate revenue without depending on the government subsidies. This would help in rapidly increasing the hydrogen fuel station network, thereby further accelerating the growth of fuel cell commercial vehicle market. It has also been noticed that major truck manufacturers such as Kenworth, Peterbilt and Scania are likely to produce more fuel cell based truck models during the forecasted period.
Key Developments in the Market
• February 2018: - Ballard announces planned deployment of 500 fuel cell commercial trucks by the end of 2018 in Shanghai.
• February 2018: - Hyundai Mobis to apply remote parking assist to hydrogen fuel cell car.
• October 2017 – General Motors plans launch of all-electric and hydrogen fuel cell vehicles.
Major Key Players: TOYOTA, WRIGHTBUS, HYUNDAI, NEW FLYER OF AMERICA, amongst others
Reasons to Purchase this Report
• Study on the adoption of electric and hybrid vehicles in the country and its effects on the automotive industry of the country.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• Study on the type of vehicle expected to dominate the market during the forecast period.
• Study on the region expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Commercialization Plans Adopted For Fuel Cell Bus and Trucks
Plans such as relaxation on regulations to permit self-service hydrogen stations are expected to be rolled out especially by governments of Asia-Pacific countries like China and India where pollution and emissions are rampant. These plans, after coming into effect, would help the station operators to generate revenue without depending on the government subsidies. This would help in rapidly increasing the hydrogen fuel station network, thereby further accelerating the growth of fuel cell commercial vehicle market. It has also been noticed that major truck manufacturers such as Kenworth, Peterbilt and Scania are likely to produce more fuel cell based truck models during the forecasted period.
Key Developments in the Market
• February 2018: - Ballard announces planned deployment of 500 fuel cell commercial trucks by the end of 2018 in Shanghai.
• February 2018: - Hyundai Mobis to apply remote parking assist to hydrogen fuel cell car.
• October 2017 – General Motors plans launch of all-electric and hydrogen fuel cell vehicles.
Major Key Players: TOYOTA, WRIGHTBUS, HYUNDAI, NEW FLYER OF AMERICA, amongst others
Reasons to Purchase this Report
• Study on the adoption of electric and hybrid vehicles in the country and its effects on the automotive industry of the country.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• Study on the type of vehicle expected to dominate the market during the forecast period.
• Study on the region expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
