+1-888-308-5802     
News Contact Us

Europe Fuel Cell Electric Vehicle (FCEV) Market will witness steady growth due to stringent regulations associated with carbon emissions

Author : Ronak Bora | Published Date : 2019-04-11 

Fuel Cell Electric Vehicle (FCEV) Market for Long haul segment will witness potential growth prospects owing to rapid deployment of fuel cell electric trucks offering emission free freight transportation. Proliferating freight volumes in conjunction with increasing greenhouse gas emissions are positively inducing the utilization of fuel cell electric trucks. Introduction of EURO VI standards for buses and deployment of electric powertrains are encouraging industry players to introduce alternative fuel vehicles for catering the increasing consumer demand.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/2375

Europe fuel cell electric vehicle (FCEV) market will witness significant growth owing to supportive government projects for developing zero emission fuel cell vehicles and installation of hydrogen refueling stations. Projects such as Clean Hydrogen in European Cities (CHIC) and Joint Initiative for hydrogen Vehicles (JIVE) are striving for commercialization of fuel cell electric buses, further augmenting the regional demand for fuel cell electric vehicles. Easier availability of e-bikes offering ease of operation in high traffic areas is strengthening the fuel cell electric vehicle (FCEV) market size over the study timeframe.

Shifting preference for utilizing zero emission vehicles owing to their commercialization and provision of government subsidies are boosting the fuel cell electric vehicle (FCEV) market size over the forecast timeframe. Increasing demand for automotive fuel cell stacks in conjunction with expansion of production facilities will further strengthen the fuel cell electric vehicles market share. Introduction of advanced fuel cell stacks for heavy duty vehicles is augmenting the product penetration.

Proliferating sales of passenger vehicles coupled with rising requirement for zero emission transport facilities are driving the segment growth over the study timeframe. Adoption of new automobiles equipped with modern technologies is augmenting the segment share. Introduction of new generation hydrogen powered SUVs is positively influencing the fuel cell electric vehicle (FCEV) market share over the study timeframe.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/2375  

Increasing consumer spending and higher mobility requirements are escalating the hydrogen powered vehicles demand. Rapid urbanization coupled with proliferating construction activities are providing potential opportunities for the adoption of environment friendly vehicles. A lucrative growth in the economic conditions and high living standards are supporting the fuel cell electric vehicle (FCEV) market growth over the projected timeframe.

Rising demand for curbing carbon emission levels for improving air quality is positively influencing the fuel cell electric vehicle (FCEV) market share. Increasing environmental concerns pertaining to vehicle emissions are leading to the higher adoption of fuel cell electric vehicle (FCEV) market. Shifting preference for deploying advanced technologies in heavy-duty freight trucks for delivering efficient vehicle performance will further boost the product penetration.

Browse Full Report Summary @ https://www.gminsights.com/industry-analysis/fuel-cell-electric-vehicle-market

The fuel cell electric vehicle (FCEV) market is highly competitive owing to the presence of major fuel cell electric vehicle manufacturers including Volkswagen, Toyota Motor Corporation, Audi AG, SAIC Motor Corporation Limited, Hyundai Motor Group and Honda Motor Co. Ltd. Major industry players are engaged in manufacturing reliable and advanced fuel cell systems including Plug Power Inc., Nuvera Fuel Cells LLC., US Hybrid, Dana Limited, Ballard Power Systems, Hydrogenics, Meritor, Inc. and Sunrise Power.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Europe Tartaric Acid Market to grow at 4.8% CAGR from 2017 to 2024

Published Date: 2019-04-23         Author: Ronak Bora

Asia Pacific tartaric acid market is estimated to be second-largest, primarily driven by India, China and Japan. Growing demand from construction chemicals products is likely to enhance Asia Pacific market till 2024. Europe holds significant market share of global tartaric acid, growing with a CAGR ... Read More

N-Hexyl Alcohol Market is projected to witness rapid growth from food & beverage industry by 2024

Published Date: 2019-04-23         Author: Ronak Bora

N-hexyl alcohol market for food & beverage industry was valued more than USD 325 million in 2016, which is likely to witness positive gains in the forecast spell. This is chiefly due to rising product use as an odor agent and to add flavor to variety of food products including fruit, vegetable a... Read More

Home Audio Equipment Market in Wireless Technology is Projected to Gain Substantial Industry Share Over the Coming Years

Published Date: 2019-04-23         Author: Ronak Bora

Wireless technology enabled gadgets are expected to gain substantial share in the home audio equipment market over the forecast period, owing to increasing operability and compatibility of these devices with other devices such as other speakers, smartphones, and tablets. High degree of standardizati... Read More

© 2019 Fractovia. All Rights Reserved