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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
The trend toward clean fuels and green technologies has changed as a result of the population boom's impact on growing pollution levels and the need to successfully reduce carbon emissions. In recent years, this has had a positive impact on the demand for FCV.
Demand for FCVs has increased recently due to the switch from conventional fuel cars to eco-friendly vehicles.
The market expansion is being fueled by other factors such as stringent environmental regulations, the availability of incentives and subsidies for clean fuels, and hazardous gas emissions from combustion engine cars.
Additionally, the development of the industry has been accelerated by manufacturers creating alternative powertrains in response to rising awareness about car emissions.
The US 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.
Toyota declared its intention to produce hydrogen fuel-cell modules here. In large Class 8 semi trucks, the modular fuel-cell stacks will be a component of a kit that will basically take the place of a conventional heavy-duty diesel engine. The system is able to continuously produce up to 160 kw (214 hp).
Although passenger cars aren't stated here, the "common aim" of manufacturers to reach a 40% battery electric, fuel-cell, and plug-in hybrid vehicle fleet included hydrogen fuel-cell technology.
The Toyota Camry and Lexus ES, both available as hybrids, are now constructed in the factory where this fuel-cell system will be made, marking the first time Toyota has done so outside of Japan.
Fuel cells will effectively replace the large Avalon car once it is discontinued. The fuel-cell modules alone weigh around 1,400 pounds, according to Toyota, and the full package consists of electric motors, a gearbox, hydrogen storage tanks, and a high-voltage battery that serves as an energy buffer.
The Tre/hydrogen battery-electric vehicle (BEV) is now being produced in North America by Nikola Corporation, a world leader in zero-emissions transportation and infrastructure solutions.
Nikola also plans to release a Nikola Tre Cabover FCEV variant and the long-range Nikola Two FCEV Sleeper, which will have best-in-class efficiency for ranges between 300 and 900 miles in the North American market. Nikola is eager to share more information about our lineup of FCEV trucks and our ongoing dedication to environmentally friendly commercial transportation.
The Nikola Tre FCEV Cabover is intended for trips up to 500 miles, and it is anticipated to serve the majority of the regional markets in North America, particularly in use cases where fleet operators need more freight hauling capacity and quick refuelling.
Hyundai's technological flagship, the ground-breaking new Nexo Hydrogen Fuel Cell Vehicle combines a ground-breaking alternative fuel powertrain with top-of-the-line luxury workmanship and seamless connectivity to provide mobility for a new generation of drivers. The Nexo has the greatest range of any fuel cell vehicle currently on the market, according to the EPA, at 380 miles.
Its lightweight, aerodynamic design is propelled effortlessly over any road by its clean, silent 120kW electric motor, which generates 161 horsepower. Visit Freehold Hyundai to take a ride into the future in a brand-new Hyundai Nexo.
| 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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