(EnergyIndustry.Net, April 16, 2018 ) Fuel cell technology is a green technology, which involves a chemical reaction between hydrogen and oxygen to produce electricity and water. This is expected to be the future fuel due to the abundance of hydrogen in the universe. Fuel cells use hydrogen as the primary energy source, which is abundantly available in the universe and produces electricity by a chemical reaction with oxygen in the presence of a catalyst (platinum). The output of this reaction is water.
Publisher's analysts forecast the global fuel cell commercial vehicle market to grow at a CAGR of 24.66% during the period 2017-2021.
The global fuel cell commercial vehicle (FCCV) market has identified the availability of incentive programs from governments that increases the sales of green energy vehicles as one of the major factors that will drive the marketís growth prospects in the coming years. Governments across the world are offering incentives and assure to provide necessary infrastructure to support green energy vehicles such as electric vehicles.
Key vendors -Daimler -Renault -Toyota Motor Corporation
Other prominent vendors -Ballard Power Systems -Iveco Bus -MAN -Thor Industries -Van Hool
Market driver -Increase in the number of hydrogen production facilities
Market challenge -Fossil fuels are still the major energy source used to produce hydrogen
Market trend -Entry of big manufacturers in FCV segment
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles