Harrisburg, NC -- (SBWIRE) -- 10/08/2020 -- The Automotive Fuel-Cell market report recognizes the importance of investing in policies and processes to use trade as a tool for inclusive growth. Underlying this approach is a strategy to strengthen its export sectors and broaden the scope of the goods and services produced given the report's traditionally strong dependence on a narrow set of revenue-generating investment in the Automotive Fuel-Cell Market. This report is a roadmap for Automotive Fuel-Cell market exporters and policymakers to identify higher value-added products and markets with growth potential, as well as giving guidance to realize the opportunities and overcoming production challenges.
Global Automotive Fuel Cell Market was valued at USD 425 Million in 2018 and is projected to reach USD 16,181 Million by 2026, growing at a CAGR of 57.31% from 2019 to 2026.
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Top Key Market Competitors Covered in the report:
Toshiba, Ballard, Plug Power, Panasonic, Delphi, Hydrogenics, Nuvera, Doosan FuelCell, SFC, WATT Fuel Cell
Emerging markets for automobiles are witnessing an increase in vehicle production, which in turn is boosting the demand for automotive fuel cell. Stringent emission norms and the development of fuel cell technology are some of the factors that are anticipated to propel the growth of the market over the forecast period. However, some of the restraining factors that may affect the growth of the market are high vehicle costs compared to conventional vehicles coupled with the increasing demand for hybrid electric vehicles. Furthermore, increasing demand for fuel cell vehicles owing to improved fuel efficiency and low carbon emission is providing an upthrust to the market.
Rising global environmental issues such climate change and poor air quality due high fossil fuel consumption generates the demand for clean energy source. Fuel cell generate zero emission and contribute to eliminate the greenhouse gases, thereby boosting the automotive fuel cell market growth over the forecast timeframe.
Segment by Types:
Hydrogen
Methanol
Segment by Application:
Passenger Cars
Two Wheelers
Commercial Vehicles
Material handling vehicles
The findings show that the country has a wealth of untapped export potential, particularly within North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, and Other), and that realizing this potential can build competitiveness for future growth.
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The Automotive Fuel-Cell market also presents new analysis on opportunities for upgrading to transformed products, taking into account the existing export structure and available inputs. It analysis the current trade challenges that the market faces and provides guidance on targeted avenues for enhancing export growth, diversification, and product upgrading by moving towards higher value-added products within a value chain.
Highlights of the report:
- The Automotive Fuel-Cell market helps to discover the market value in dollar terms that can be compared with actual expansion values in order to explore opportunities for additional growth across existing and new target markets.
-Developing a competitiveness strategy that focuses on diversifying its market and shifting to greater value addition in its products and services could place the market onto a more stable and sustainable development path with widespread benefits.
-Trade and Automotive Fuel-Cell market access data are key in guiding and re-orienting policies towards the opportunities that promise the greatest benefits
-It ensures the widespread access to finance for global Automotive Fuel-Cell market manufacturers, with improved connectivity to regional markets, and implementing an attractive and effective taxation system are overarching policies that will have a positive impact on the general business environment.
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This research presents an example of how relevant data – complemented by information from local stakeholders – can inform the trade-related decision-making of policymakers and the private sector; by transforming raw data to trade and Automotive Fuel-Cell market intelligence. It gives a balance between policies that promote the current market effect and an innovative approach that invests in new tradable products with higher value-added and impact.
The Automotive Fuel-Cell market report provides design and implements an informed trade and development strategy. Enhancing trade competitiveness is not always straightforward. Accordingly, this report provides a customized analysis for product upgrading focused on export diversification.
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