New York, NY -- (SBWIRE) -- 11/14/2018 -- Over the next five years, Research Reports Inc. projects that Hydrogen Vehicle Market will register a 45.0% CAGR in terms of revenue, reach US$ 5430 million by 2023, from US$ 580 million in 2017.
Hydrogen Vehicle use hydrogen gas to power an electric motor. Unlike conventional vehicles which run on gasoline or diesel, fuel cell cars and trucks combine hydrogen and oxygen to produce electricity, which runs a motor.
In the last several years, global market of Hydrogen Vehicle developed rapidly, with an average After several months of survey and research, research group obtains the following conclusions:
In the last several years, global market of Hydrogen Vehicle developed rapidly, with an average growth rate of 95%. As an important role in automotive market, the development of Hydrogen Vehicle have a close relationship with the development of technology.

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The global average price of Hydrogen Vehicle is in the decreasing trend, from 218 K USD/Unit in 2014 to 182 K USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
United States and Europe account for 50% and 10% market share in 2016 respectively. As developed region, the growth rate of Hydrogen Vehicle are as high as less than 40%. On the other hand, the development speed of Hydrogen Vehicle in China and other Asian countries is relatively high. Besides, China also have larger consumption market with market share of 7%. The production region is mainly concentrated in Japan, Korea and China.
Market Concentration Rate is very high though the top 7 manufacturers occupies nearly 98% market share in 2017. There are still some of manufacturers participated in this market.

Major Market Players
- Toyota
- Hyundai
- Honda
- Foton
- SAIC
- FeiChi Bus
- Dongfeng

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Segmentation by product type:
- Passenger Vehicle
- Commercial Vehicle
Segmentation by application:
- Commercial Use
- Home Use

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Table of Contents
2018-2023 Global Hydrogen Vehicle Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Hydrogen Vehicle Consumption 2013-2023
2.1.2 Hydrogen Vehicle Consumption CAGR by Region
2.2 Hydrogen Vehicle Segment by Type
2.2.1 Hydrogen Vehicle Crystal
2.2.2 Industrial Hydrogen Vehicle
2.3 Hydrogen Vehicle Consumption by Type
2.3.1 Global Hydrogen Vehicle Consumption Market Share by Type (2013-2018)
2.3.2 Global Hydrogen Vehicle Revenue and Market Share by Type (2013-2018)
2.3.3 Global Hydrogen Vehicle Sale Price by Type (2013-2018)
2.4 Hydrogen Vehicle Segment by Application
2.4.1 Glass
2.4.2 Explosives
2.4.3 Agricultural
2.4.4 Chemical Industry
2.4.5 Other
2.5 Hydrogen Vehicle Consumption by Application
2.5.1 Global Hydrogen Vehicle Consumption Market Share by Application (2013-2018)
2.5.2 Global Hydrogen Vehicle Value and Market Share by Application (2013-2018)
2.5.3 Global Hydrogen Vehicle Sale Price by Application (2013-2018)

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