Automotive Fuel Cell Market by Component, Power Output, Hydrogen Fuel Stations, Vehicle Type, Operating Miles – Global Forecast 2028
DUBLIN–(BUSINESS WIRE)–The “Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Cell Stack, Power Conditioner, Air Compressor, Humidifier), Power Output, Hydrogen Fuel Stations, Vehicle Type (Passenger Car, LCV, Truck, Bus), Operating Miles, Region – Global Forecast 2028” report has been added to ResearchAndMarkets.com’s offering.
The global automotive fuel cell market size is projected to reach 596,255 units by 2028, from an estimated 20,168 units in 2021, at a CAGR of 62.2%. Governments are supporting FCEV’s through subsidies & tax rebates for using low emission vehicles and working in collaboration with such OEMs to speed up the growth of their countries.
Increased demand for efficient and low emission vehicles along with government support will boost the automotive fuel cell market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Fuel Cell vehicles use can reduce the operating cost of these vehicles. To