Hydrogen Fuel Cell Vehicle Global Market to Reach $8.53 Billion by 2027 at a CAGR of 50.31% – QNT Press Release


DUBLIN, Nov. 25, 2022 /PRNewswire/ — The “Hydrogen Fuel Cell Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global hydrogen fuel cell vehicle market size reached US$ 740.1 Million in 2021. Looking forward, the publisher expects the market to reach US$ 8,535.23 Million by 2027, exhibiting a CAGR of 50.31% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Hydrogen fuel cell vehicles (FCVs) are electric vehicles (EVs) that use an electric motor to power the wheels instead of an internal combustion engine. They comprise battery, battery pack, direct current (DC) converter, electric traction motor, fuel cell stack , fuel filler, fuel tank, power electronics controller, thermal system, and transmission. They rely on hydrogen (H2) gas in the fuel tank of vehicles and oxygen (O2) in the air to generate electricity with water and heat as byproducts.

Hydrogen Fuel Cell Vehicle Market Trends:

Rising awareness among the masses about the benefits of using hydrogen FCVs represents one of the key …

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center