Hydrogen Fuel Cell Vehicle: everything you need to know

The vehicle which uses hydrogen as a fuel for motive power is known as hydrogen fuel cell vehicle. Hydrogen fuel cell vehicles produce lower emissions and work on hydrogen compressed into a fuel cell, which generates electric power to run the vehicle. The hydrogen fuel cell can be integrated with an electric motor to producing less air pollution and noise pollution. Hydrogen fuel cell have several benefits such as easy maintenance, lower gas emissions, silent functioning of the vehicle that reduces noise pollution, low-temperature fuel cells that have less heat transmission like PEMFC and DMFC, which is model for military applications, etc., are some of the factors expected to boost the growth of the market.

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Hydrogen fuel cell vehicle companies are TOSHIBA, BALLARD POWER SYSTEMS, HYDROGENICS, ITM POWER, DELPHI, PANASONIC, TOYOTA, HONDA, HYUNDAI, NISSAN

Technological enhancement in motor vehicles such as the development of hydrogen fuel cell vehicle and increasing government initiatives for development and improvement of infrastructures of the hydrogen fuel cell is some of the major factor driving the growth of the global hydrogen fuel cell vehicle market. However, the high cost of the vehicle, low durability, no proper distribution channel, and less awareness among people are some of the major factors restraining the growth of the global hydrogen fuel cell vehicle market. Many of the nations have developed hydrogen infrastructure projects to meet the growing demand for hydrogen fuel cell vehicles will boost the growth of the hydrogen fuel cell vehicle market.

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The report analyzes factors affecting Hydrogen fuel cell vehicle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Hydrogen fuel cell vehicle market in these regions.