This report describes the global market size of Fuel Cell Vehicle Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 51.3% from 2023 to 2030.
A Fuel Cell Vehicle (FCV) is an electric vehicle that generates electricity and propels itself using a fuel cell as its primary power source. The fuel cell generates energy by an electrochemical reaction between hydrogen and oxygen, which is normally obtained from the atmosphere. A proton exchange membrane (PEM) is a critical component of a fuel cell that promotes the process.
Top Companies in the Global Fuel Cell Vehicle Market: Daimler AG, Honda Motor Co., Ltd., Nikola Corporation, TOYOTA MOTOR CORPORATION, HYUNDAI MOTOR GROUP, Ballard Power System Inc., AB Volvo, General Motors, BMW AG, AUDI AG, others.
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Key Segments Studied in the Global Fuel Cell Vehicle Market
By Vehicle type
Passenger Cars
LCVs
HCVs
By End-User
Private
Commercial
Business opportunities of Fuel Cell Vehicle Market in the following regions and countries:
North America (USA, Canada and Mexico)
Europe (Germany, Great Britain, France, Italy, Russia, Spain and Benelux countries)
Asia Pacific (China, Japan, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina and Colombia)
Remaining Countries
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