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Automotive Fuel Cell Market Size
- Report ID: GMI359
- Published Date: Sep 2023
- Report Format: PDF
Automotive Fuel Cell Market Size
Automotive Fuel Cell Market size was valued at more than USD 3.53 billion in 2023 and is anticipated to grow at a CAGR of over 14.6% between 2024 and 2032.
A fuel cell is an electrochemical device that generates electricity through a chemical reaction between hydrogen and oxygen. It is used to power electric vehicles (EVs), comprising of cars, trucks, and buses. In a fuel cell, the hydrogen is fed into the anode, and oxygen from the air is introduced into the cathode. Shifting focus towards clean and sustainable transportation solutions along with large scale investments by government, automakers, and energy companies will further drive the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Automotive Fuel Cell Market Size in 2023: | USD 3.53 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 14.6% |
| 2032 Value Projection: | USD 9.51 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 665 |
| Segments covered: | Type, Power Output, and Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Fuel Cell Market Scope
