From GlobeNewswire: 2024-08-06 08:30:00

The Automotive Fuel Cell Market is expected to grow from USD 0.2 billion in 2024 to USD 2.1 billion by 2030, with a 48.0% CAGR. Advancements in fuel efficiency, green hydrogen production, and hydrogen technology contribute to this growth, creating opportunities within this market.

Fuel Cell Hybrid Electric Vehicles (FCHEVs) are paving the way for a cleaner transportation future. Models like the Ford F-550 and H2X Warrego showcase the successful integration of fuel cells and batteries, offering enhanced efficiency and energy recovery advantages over traditional vehicles.

Fuel Cell Stacks are driving growth in the market due to stringent emissions regulations, technological advancements, and diverse applications. Ballard Power Systems and PowerCell AB are actively developing high-power density fuel cell stacks for vehicle propulsion, anticipating a significant role in sustainable transportation transitions.

Recent developments include Plug Power installing a one-megawatt electrolyzer at an Amazon Fulfillment Center, Ballard Power Systems supplying hydrogen fuel cell engines to Solaris Bus & Coach, and Toyota Motor developing a 50kW fuel cell module for various applications.

The Automotive Fuel Cell Market is poised for significant growth, with opportunities in fuel cell hybrids, fuel stack technology, and advancements in clean energy solutions driving the market forward.ascend toward zero-emission transportation.



Read more at GlobeNewswire: Automotive Fuel Cell Market worth $2.1 billion by 2030