Europe Fuel Cell Vehicle Market 2022-2027

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    EUROPE FUEL CELL VEHICLE MARKET

     

    INTRODUCTION

    Rising environmental concerns, an increase in government initiatives to build infrastructure for hydrogen fuel cells, a large initial investment in infrastructure, and technical innovation and future potential are the main drivers influencing the growth of the worldwide market.

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    It is projected that each of these elements would significantly affect the market for fuel cell vehicles.

     

    The onboard electric motor of a fuel cell car is powered by a hydrogen fuel cell. Electricity is produced using a hydrogen fuel cell, which is powered by hydrogen. Fuel cell vehicles have a significant potential to cut transportation-related pollution.

     

    Unlike vehicles powered by diesel and gasoline, this one does not emit any greenhouse gasses (GHG) while it is in motion.

     

    EUROPE FUEL CELL VEHICLE MARKET SIZE AND FORECAST

     

    The Europe 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.

     

    NEW PRODUCT LAUNCH

    The first mass-produced fuel cell heavy-duty truck in the world, the Hyundai XCIENT Fuel Cell, was sent to Switzerland today by Hyundai Motor Company in ten units. The business intends to deliver 50 XCIENT Fuel Cells to Switzerland, with the first commercial fleet clients receiving their units.

     

    Hyundai intends to release a total of 1,600 XCIENT Fuel Cell trucks, demonstrating both its technological expertise and dedication to the environment as it strives to reduce carbon emissions through zero-emission solutions.

     

    A 190-kW hydrogen fuel cell system with two 95-kW fuel cell stacks powers XCIENT. Approximately 32.09 kg of hydrogen may be stored in total over seven substantial hydrogen tanks. On a single fill-up, the XCIENT Fuel Cell can go roughly 400 km.

     

    This was created in an effort to strike the perfect balance between the particular needs of potential commercial fleet clients and the Swiss charging infrastructure. Each vehicle has to be refueled for between 8 and 20 minutes.

     

    RECENT PARTNERSHIP IN EUROPE FUEL CELL VEHICLE MARKET

    As part of the largest-ever pan-European fuel-cell passenger car project, Hyundai Motor plans to deliver 75 units of its ground-breaking hydrogen-powered ix35 Fuel Cell. Deliveries for the Fuel Cells and Hydrogen Joint Undertaking-funded Hydrogen For Innovative Vehicles (HyFIVE) project will take place in Bolzano, Copenhagen, Innsbruck, London, Munich, and Stuttgart. The initiative will greatly expand the current pan-European refuelling infrastructure, giving early users of fuel cell electric vehicle technology more options and comfort.

     

    Iveco Group, a manufacturer of trucks and buses, and Hyundai have joined to supply hydrogen fuel-cell systems for buses throughout Europe. The latter team up with Hyundai Motor’s HTWO to buy cells for buses that run on hydrogen. Earlier this year, Hyundai and Iveco signed a tentative agreement to investigate a relationship based on shared car technology, cooperative sourcing, and reciprocal supply.

     

    To develop integrated hydrogen solutions, Air Liquide, CaetanoBus, and Toyota Motor Europe have signed a Memorandum of Understanding. To speed up the adoption of hydrogen mobility for both light- and heavy-duty vehicles, this will encompass infrastructure development and vehicle fleets.

     

    The collaboration reflects the three parties’ common goals of accelerating the growth of local hydrogen ecosystems for a variety of mobility applications and helping to decarbonize local transportation. Buses, light commercial vehicles, and cars will initially be the main focus, with an additional goal being to accelerate the heavy-duty truck category.

     

    COMPANY PROFILE

     

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

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

     

     

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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