{"id":464093,"date":"2020-01-29T07:06:02","date_gmt":"2020-01-29T07:06:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=464093"},"modified":"2020-01-29T07:06:02","modified_gmt":"2020-01-29T07:06:02","slug":"fuel-cell-vehicle-market-estimated-to-grow-2481-billion-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/fuel-cell-vehicle-market-estimated-to-grow-2481-billion-by-2025-grand-view-research-inc_464093.html","title":{"rendered":"Fuel Cell Vehicle Market Estimated To Grow $24.81 Billion by 2025 | Grand View Research, Inc."},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, The fuel cell vehicle market size was valued at USD 194.5 million in 2017 and is expected to register a 33.7% CAGR over the forecast period.<\/div>\n

The global fuel cell market<\/a> size is expected to reach USD 24.81 billion by 2025, according to a new report by Grand View Research, Inc. The rise in demand for unconventional energy sources is a key factor driving the market growth during the forecast period.<\/p>\n

Traditionally, North America accounts for a largest market share due to commercialization and adoption of electric vehicles. However, Asia Pacific emerges as a growing market in terms of shipment. Growing demand for combined heat and power systems in APAC market triggers the market demand.<\/p>\n

Power based electricity generation is effective in minimizing emission of carbon dioxide or any other hazardous pollutants. Hence, fuel cell technology plays a vital role in dealing with environmental issues as well as encouraging the use of renewable carriers of energy. Ongoing product developments and innovation is expected to open new opportunities for emerging players.<\/p>\n

To Know More About Fuel Cell Vehicle Market, Access Sample Report @ <\/strong>https:\/\/www.grandviewresearch.com\/industry-analysis\/fuel-cell-vehicle-market\/request\/rs1<\/a><\/p>\n

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Using fuel cells can minimize the dependency on non-renewable energy sources such as coal, natural gas and petrochemical derivatives. Fuel cells employ electrochemical process for generation of energy and result in less combustion of fuels. Hybrid systems using conventional engines and fuel cells are deployed in most of electric vehicles.<\/p>\n

Further key findings from the report suggest:<\/strong><\/p>\n