Market Research Report
Hydrogen Fuel Cell Vehicle
|Published by||Global Industry Analysts, Inc.||Product code||947400|
|Published||Content info||144 Pages
Delivery time: 1-2 business days
|Hydrogen Fuel Cell Vehicle|
|Published: July 1, 2020||Content info: 144 Pages||
Global Hydrogen Fuel Cell Vehicle Market to Reach $13.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Hydrogen Fuel Cell Vehicle estimated at US$752.9 Million in the year 2020, is projected to reach a revised size of US$13.3 Billion by 2027, growing at aCAGR of 50.7% over the period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record 53.6% CAGR and reach US$9.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 44.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $229.3 Million, While China is Forecast to Grow at 48.1% CAGR
The Hydrogen Fuel Cell Vehicle market in the U.S. is estimated at US$229.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 48% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 45.1% and 42.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 33.5% CAGR.We bring years of research experience to this 8th edition of our report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,