AUSTRIA FUEL CELL VEHICLE MARKET

INTRODUCTION

In FCVs, compressed hydrogen and airborne oxygen are used in the fuel cell. These cars simply produce heat and water as waste items.

The primary drivers for the advancement of automobile fuel cell technology are its effectiveness, low or no emissions, and reliance on domestic rather than foreign fuel production.

Forklifts and other types of vehicles, particularly those used indoors or in space applications where clean emissions are crucial to air quality, have been equipped with fuel cells.

AUSTRIA FUEL CELL VEHICLE MARKET SIZE AND FORECAST

The Austria Fuel Cell Vehicle Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.

AUSTRIA FUEL CELL VEHICLE MARKET DYNAMICS

Hyzon Motors, a US-based producer of commercial fuel cell vehicles, has received another order, this time from Austria.

Up to 70 fuel cell-powered heavy-duty trucks have been ordered by supermarket chain Mpreis through its subsidiary JuVe Automotion.

With this significant purchase of fuel cell vehicles, the Austrian grocery chain is adopting a comprehensive strategy. Mpreis is constructing its own hydrogen production facility close to Innsbruck, Austria, and the project is already under way.

Mpreis will use hydropower in this instance to create green hydrogen. As a result, the supermarket chain will have its own network of hydrogen refuelling stations.

By 2030, H2 Mobility Austria, a group of eleven Austrian businesses, wants to have 2,000 hydrogen trucks operating on Alpine Republic highways.

A total of eleven businesses, including AVL List GmbH, Gebrüder Weiss GmbH, Magna International Inc., OMV AG, sterreichische Post AG, REWE-Group, Rosenbauer International AG, Spar österreichische Warenhandels-AG, Verbund AG, WKO, Worthington Cylinders GmbH, make up the H2 Mobility Austria consortium, which was established in 2021. 

Through the consortium, the partners requested the study on hydrogen mobility with a focus on trucks be created by consulting company Deloitte.

AUSTRIA FUEL CELL VEHICLE MARKET COMPANY PROFILES

1. JuVe Automotion
2. Nissan
3. Doosan Fuel Cell Co., Ltd
4. Volkswagen
5. Toyota Motor Corp
6. Hyundai 
7. Daimler

THIS AUSTRIA FUEL CELL VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perAustria Fuel Cell Vehicle Industryright now and how will it change in the next 5-6 years?
2. Average cost to set up aFuel Cell Vehicle MarketinAustria?
3. How manyAustria Fuel Cell Vehicle Industryare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aAustria Fuel Cell Vehicle Industryand key vendor selection criteria
6. Where is theAustria Fuel Cell Vehicle Industrymanufactured? What is the average margin per equipment?
7. Market share ofAustria Fuel Cell Vehicle Industrymanufacturers and their upcoming products
8. The most important plannedAustria Fuel Cell Vehicle Industry in next 2 years
9. Details on network of majorAustria Fuel Cell Vehicle Industryand pricing plans
10. Cost advantage for OEMs who manufactureAustria Fuel Cell Vehicle Industryin-house
11. 5 key predictions for next 5 years inAustria Fuel Cell Vehicle Industry
12. Average B-2-BAustria Fuel Cell Vehicle Marketprice in all segments
13. Latest trends inAustria Fuel Cell Vehicle Market, by every market segment
14. The market size (both volume and value) ofAustria Fuel Cell Vehicle Marketin 2024-2030 and every year in between?
15. Global production breakup ofAustria Fuel Cell Vehicle Market, by suppliers and their OEM relationship