Automotive Fuel Cell Market worth 724 thousand units by 2030 - Exclusive Report by MarketsandMarkets™
Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks are expected to gradually replace their ICE counterparts.
- Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks are expected to gradually replace their ICE counterparts.
- North America will also have considerable growth in this market due to the increasing demand for fuel cell vehicles.
- Due to developments in fuel cell technology, prices of fuel cells are expected to reduce, offering significant opportunities in the LCV market.
- North America has been one of the leaders in fuel cell development with the help of renowned fuel cell companies in the US and Canada such as Ballard Power (Canada), Plug Power (US), and Fuel Cell Energy (US).