CANADA FUEL CELL VEHICLE MARKET

INTRODUCTION

Any device in the family of fuel cells that directly converts a fuel's chemical energy into electricity through electrochemical processes. In many ways, a fuel cell is similar to a battery, but it can provide electrical energy for a much longer time.

This is due to the fact that a fuel cell receives fuel and air (or oxygen) constantly from an external source, whereas a battery only has a finite supply of fuel and oxidant that depletes over time.

For this reason, fuel cells have been utilised for many years in manned spacecraft, satellites, and space missions. Numerous stationary fuel cell systems have been deployed in utility power plants, hospitals, schools, and hotels all around the world. etc.

CANADA FUEL CELL VEHICLE MARKET SIZE AND FORECAST

The Canada Fuel cell vehicle market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

MARKET DYNAMICS

First Hydrogen, a Vancouver-based manufacturer of zero-emission vehicles, has announced that it will begin testing its first FCEV prototype soon. The Canadian company collaborates with AVL Powertrain UK, an automobile firm owned by Austria, and fellow Canadian fuel cell maker Ballard Power Systems.

The "universally applicable test stand" was created by Germany's Fraunhofer Institute for Solar Energy Systems ISE to conduct kinetic studies on catalytic fixed-bed reactions under dynamic operating conditions.

The small Kiss system can be used to demonstrate technologies in far-off places. Kiss is exceptional compared to conventional kinetic reactors in terms of measurement campaign speed and flawless reactor temperature management, even when the synthesis process produces a lot of heat.

RECENT PRODUCT DEVELOPMENT AND INNOVATION

The first automaker to provide hydrogen fuel cell electric automobiles to Canadian consumers will be Hyundai Auto Canada Corp. The Hyundai Tucson FCEV sucks air into the fuel cell stack and stores hydrogen gas. The stack has no moving parts, and there is no hydrogen combustion.

The fuel cell stack's electrochemical reaction between oxygen and hydrogen produces electricity, which powers the vehicle's electric motor and charges an onboard battery. With solely pure water vapour as a byproduct, there are no greenhouse gas emissions from the operation.

 The Hyundai Tucson FCEV has an estimated range of 265 miles and requires less than 5 minutes to refuel; both features are comparable to the current gasoline-powered Tucson and do away with range anxiety or compromises in recharge time found in battery electric vehicles. Furthermore, when compared to battery-electric vehicles, the Tucson FCEV's driving range has shown to be hardly impacted by cold weather.

COMPANY PROFILE

• SolidPower
• Ballard
• Bloom Energy
• Plug Power Inc.
• Horizon 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per  Canada Fuel cell vehicle market  right now and how will it change in next 5-6 years? 
2. Average cost to set up a  Fuel cell vehicle market  in Canada?
3. How many Canada Fuel cell vehicle market  are 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 a  Canada Fuel cell vehicle market  and key vendor selection criteria
6. Where is the Canada Fuel cell vehicle market  manufactured? What is the average margin per equipment?
7. Market share of Canada Fuel cell vehicle market  manufacturers and their upcoming products
8. The most important planned  Canada Fuel cell vehicle market  in next 2 years
9. Details on network of major Canada Fuel cell vehicle market  and pricing plans
10. Cost advantage for OEMs who manufacture Canada Fuel cell vehicle market  in-house
11. 5 key predictions for next 5 years in Canada Fuel cell vehicle market
12. Average B-2-B Canada Fuel cell vehicle market price in all segments
13. Latest trends in Canada Fuel cell vehicle market, by every market segment
14. The market size (both volume and value) of Canada Fuel cell vehicle market in 2022-2027 and every year in between?
15. Global production breakup of Canada Fuel cell vehicle market, by suppliers and their OEM relationship