Report ID: SQMIG10B2029
Fuel Cell Powertrain Market Size, Share, Growth Analysis, By Component(Hydrogen Storage systems, Battery systems, Drive systems, Fuel Cell Systems), By Vehicle Type(Passenger Cars, Light Commercial Vehicles, Trucks, Buses), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG10B2029 |
Region:
Global |
Published Date: February, 2024
Pages:
278
|
Tables:
68 |
Figures:
75
Fuel Cell Powertrain Market Regional Insights
During the forecast period, Asia Pacific is expected to grow significantly. The market for fuel cell powertrains in the region is expected to grow as consumer demand for eco-friendly and fuel-efficient vehicles rises. The presence of numerous domestic and foreign fuel cell power train producers can also be credited with the market expansion in Asia Pacific.
Throughout the projection period, North America is most expected to be a stable region of the global fuel cell powertrain market. A significant reason driving the demand for fuel cell powertrain in the region is the introduction of strict norms and laws to limit GHG emissions.
The markets in Europe and Asia are developing rapidly toward battery and fuel cell-based energy storage and energy supply. Europe is also expected to acquire a significant proportion of Fuel Cell Powertrain Market due to the efforts that are being taken by manufacturers to lower the weight of automobile so as to improve their performance.
Fuel Cell Powertrain Market Report Snapshots
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