Selbyville, DE -- (SBWIRE) -- 04/08/2019 -- The 'Fuel Cell Electric Vehicle (FCEV) Market' research report assembled by Market Study Report, LLC, delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business.

Increasing consumer spending and higher mobility requirements are escalating the hydrogen powered vehicles demand. Rapid urbanization coupled with proliferating construction activities are providing potential opportunities for the adoption of environment friendly vehicles. A lucrative growth in the economic conditions and high living standards are supporting the fuel cell electric vehicle market growth over the projected timeframe.

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Government organizations are establishing multiple research programs and funded projects majorly focusing on the development of innovative solutions for fuel cells. Multiple organizations including the FCH JU is supporting research, technology development & demonstration activities for fuel cell and hydrogen energy technologies. Collaborative programs and initiatives are encouraging the development of efficient hydrogen production technologies, thereby contributing towards reducing the overall fuel cell production cost.

Rising demand for curbing carbon emission levels for improving air quality is positively influencing the fuel cell electric vehicle market share. Increasing environmental concerns pertaining to vehicle emissions are leading to the higher adoption of fuel cell electric vehicles. Shifting preference for deploying advanced technologies in heavy-duty freight trucks for delivering efficient vehicle performance will further boost the product penetration. For instance, in November 2018, Nikola Corporation launched hydrogen powered electric truck incorporating 120 kW hydrogen fuel cell offering superior fuel economy.

The fuel cell electric vehicle market is highly competitive owing to the presence of major fuel cell electric vehicle manufacturers including Volkswagen, Toyota Motor Corporation, Audi AG, SAIC Motor Corporation Limited, Hyundai Motor Group and Honda Motor Co. Ltd. Major industry players are engaged in manufacturing reliable and advanced fuel cell systems including Plug Power Inc., Nuvera Fuel Cells LLC., US Hybrid, Dana Limited, Ballard Power Systems, Hydrogenics, Meritor, Inc. and Sunrise Power.

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Shifting preference for utilizing zero emission vehicles owing to their commercialization and provision of government subsidies are boosting the industry size over the forecast timeframe. Increasing demand for automotive fuel cell stacks in conjunction with expansion of production facilities will further strengthen the fuel cell electric vehicles market share. Introduction of advanced fuel cell stacks for heavy duty vehicles is augmenting the product penetration. For instance, in September 2018, Ballard Power Systems launched its new FCgen-LCS liquid-cooled fuel cell stacks offering higher power density with relative lower cost of ownership.

Long haul segment will witness potential growth prospects owing to rapid deployment of fuel cell electric trucks offering emission free freight transportation. Proliferating freight volumes in conjunction with increasing greenhouse gas emissions are positively inducing the utilization of fuel cell electric trucks. Introduction of EURO VI standards for buses and deployment of electric powertrains are encouraging industry players to introduce alternative fuel vehicles for catering the increasing consumer demand.

Proliferating sales of passenger vehicles coupled with rising requirement for zero emission transport facilities are driving the segment growth over the study timeframe. Adoption of new automobiles equipped with modern technologies is augmenting the segment share. Introduction of new generation hydrogen powered SUV?s is positively influencing the FCEV market share over the study timeframe. For instance, in October 2018, Hyundai introduced 2019 NEXO fuel cell SUV incorporated with advanced fuel cell stack for delivering superior power and efficiency.

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Chapter 1 Methodology & Scope

1.1 Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry Insights and validation

1.1.4 Scope, definitions, & forecast parameters

1.1.4.1 Definitions

1.1.4.2 Forecast parameters & considerations

1.2 Data sources

1.2.1 Paid sources

1.2.2 Secondary

1.2.3 Primary

Chapter 2 Executive Summary

2.1 Fuel cell electric vehicle industry 360 degree synopsis, 2013 - 2025

2.1.1 Business trends

2.1.2 Vehicle trends

2.1.3 Distance trends

2.1.4 Regional trends

Chapter 3 Fuel Cell Electric Vehicle Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 - 2025

3.3 Industry ecosystem analysis

3.3.1 Component suppliers

3.3.2 Manufacturers

3.3.3 Profit margin trends

3.3.4 Distribution channel analysis

3.3.4.1 Distributors

3.3.4.2 Dealerships

3.3.4.3 Franchise networks

3.3.5 End-users

3.3.6 Vendor matrix

3.4 Pricing analysis

3.4.1 Regional pricing

3.4.1.1 North America

3.4.1.2 Europe

3.4.1.3 Asia Pacific

3.4.1.4 Latin America

3.4.1.5 Middle East & Africa

3.4.2 Cost structure analysis

3.5 Technology Landscape

3.5.1 Proton Exchange Membrane or Polymer Electrolyte Membrane (PEM) Technology

3.6 Regulatory landscape

3.6.1 North America

3.6.1.1 U.S.

3.6.2 Europe

3.6.3 Asia Pacific

3.6.3.1 China

3.6.3.2 Japan

3.6.4 Latin America

3.6.4.1 Brazil

3.6.5 Middle East & Africa

3.7 Industry impact forces

3.7.1 Growth drivers, by region

3.7.1.1 North America

3.7.1.1.1 Stringent emission regulations

3.7.1.2 Europe

3.7.1.2.1 Government initiatives for developing FCEV technologies

3.7.1.3 Asia Pacific

3.7.1.3.1 Increasing adoption of electric vehicles

3.7.1.4 Latin America

3.7.1.4.1 Higher preference for personal mobility and increasing opportunities for low carbon transportation

3.7.1.5 Middle East & Africa

3.7.1.5.1 High spending on prohibitive cost vehicles

3.7.2 Industry pitfalls & challenges

3.7.2.1 Higher vehicle cost and lack of hydrogen fueling infrastructure

3.8 Innovation and sustainability

3.8.1 Efficient catalyst material for polymer electrolyte membrane fuel cell (PEMFC)

3.8.2 Fuel cell technology powered by solid carbon

3.9 Industry best practices & key buying criteria

3.9.1 Need recognition

3.9.2 Information search

3.9.3 Evaluation of alternatives

3.9.4 Purchase decision

3.9.5 Post purchase behaviour

3.10 Key insights on technology trends

3.11 Growth potential analysis, 2018

3.12 Porter's analysis

3.13 Competitive landscape, 2018

3.13.1 Top player analysis, 2018

3.13.2 Key stakeholders

3.13.3 Strategy dashboard

3.14 PESTEL analysis

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