Global Automotive FCEV Market Forecast 2021-2026Posted by Sonika on April 16th, 2021 Bharat Book Bureau Provides the Trending Market Research Report on "Global Automotive FCEV Market: Analysis By Vehicle Type (PVs, LCVs, Bus, Trucks), Distance Range (Short, Long), By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)"under Automotive category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. The Global Automotive FCEV Market, valued at USD 415.45 Million in the year 2020, has been witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality. The continuous rise in demand of Electric Vehicles in Asia Pacific region is driving the demand of industrial products from last few years. The recent technology promises substantial reduction in maintenance costs, which is why it is received by a significantly large number of buyers hailing from diverse industrial backgrounds.
Growth in the automotive industry due to technological advancements, rise in population, and increase in consumer goods demand are major factors expected to drive the Automotive FCEV market during the forecast period. Fuel cell electric vehicles such as bikes and scooters are used for short distance range. The distance range covered in this segment is more than 100 km and less than 300 km. The hydrogen fuel powered motorcycle is essentially an electric two-wheeler. A hydrogen fuel cell powered vehicle uses hydrogen as fuel, which is stored in a refillable tank. A short-distance range means has a route that takes short miles from one place to another in the same city. Passenger vehicles are motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat. Passenger vehicles at transportation hubs for fleets are good candidates for hydrogen fueling and the use of FCEVs because they mostly operate on fixed routes or within fixed districts and are fueled from a centralized station. These zero emission FCEVs could replace existing conventional fleet vehicles in Connecticut.
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• The report analyses the Automotive FCEV Market by Distance Range (Short Range Distance, Long Range Distance). Key Target Audience • Automotive FCEV Vendors
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