Global Market for Automotive Fuel Cell is USD 10.6 Billion during the Forecast Period 2021-2027, ITM

Industryno106 Oct, 2021Business

North America is anticipated to grow at a faster pace in the automotive fuel cell market in terms of capacity owing to the presence of supporting policies to limit carbon footprint in the region and the availability of funds for R&D related to fuel cells. The increasing demand for passenger vehicles and heavy commercial vehicles has raised the demand for fuel cells as a greener alternative to traditional cells. Some of the major players in the global automotive fuel cell market include Toshiba, ITM Power, Toyota, Nedstack, Ballard Power Systems, Ceres Power, Hydrogenics, Plug Power, and Delphi.

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