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According to a new market report published by Lucintel, the future of the automotive fuel cell market looks promising with opportunities in the passenger car, light duty vehicle, and heavy duty vehicle segments. The global automotive fuel cell market is expected to grow with a CAGR of 30% to 32% from 2021 to 2026. The major drivers for this market are increasing demand for zero-emission vehicles and government subsidies as tax benefits to promote fuel cell vehicles and growing concerns for environmental pollution.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of medium and heavy-duty vehicles and focus on improving hydrogen infrastructures.
A total of 144 figures / charts and 131 tables are provided in this 210 page report to help in your business decisions Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of automotive fuel cell market report download the report brochure.