Fuel Cell Commercial Vehicle Market By Size, Share and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 2.3 Billion
CAGR (2023-2028)	43.5%
Fastest Growing Segment	Trucks
Largest Market	Asia Pacific

Market Overview

Global Fuel Cell Commercial Vehicle Market has valued at USD 2.3 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 43.5% through 2028. The Global Fuel Cell Commercial Vehicle Market represents a groundbreaking evolution in transportation, propelled by the imperative to address environmental concerns and achieve sustainable mobility solutions. This burgeoning market encompasses a range of commercial vehicles, from trucks to buses, powered by fuel cells that convert hydrogen into electricity, offering an emissions-free alternative to traditional internal combustion engines. The core strengths of fuel cell commercial vehicles lie in their zero-emission profile, longer driving ranges, and rapid refueling times, overcoming challenges often associated with battery electric vehicles. As governments, industries, and consumers increasingly prioritize decarbonization and air quality improvements, fuel cell vehicles have emerged as a promising solution, particularly for applications demanding extended ranges and shorter downtime. The market's growth is fueled by the development of hydrogen infrastructure, with governments and industry stakeholders collaborating to expand refueling networks. Partnerships and collaborations between automakers, energy companies, and technology providers further accelerate the deployment of fuel cell commercial vehicles, addressing challenges related to cost, technology, and infrastructure. However, challenges such as hydrogen production methods, infrastructure rollout, and vehicle costs remain to be addressed for wider adoption. In regions like Europe, North America, and Asia Pacific, where efforts are concentrated on hydrogen development and adoption, fuel cell commercial vehicles are gaining traction. As the transportation industry undergoes a paradigm shift towards cleaner alternatives, the fuel cell commercial vehicle market is poised to revolutionize logistics, public transport, and various specialized sectors, ushering in a new era of sustainable mobility that aligns with global decarbonization goals.

Key Market Drivers

Zero Emissions

The primary advantage of fuel cell commercial vehicles lies in their emissions profile. They produce zero tailpipe emissions, making them an attractive option for businesses and governments aiming to reduce air pollution and meet stringent environmental regulations.

Longer Range and Faster Refueling

Fuel cell vehicles offer longer driving ranges compared to battery electric vehicles, making them suitable for applications that require extended operation, such as long-haul transportation and delivery services. Additionally, refueling a fuel cell vehicle with hydrogen takes minutes, significantly shorter than recharging a battery electric vehicle.

Reduced Dependence on Battery Charging Infrastructure

Fuel cell vehicles address the concern of building an extensive electric charging infrastructure. Hydrogen refueling stations are emerging, enabling fuel cell vehicles to cover larger distances without the need for a dense network of charging points.

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Key Market Challenges

Hydrogen Production

The production of hydrogen involves various methods, including electrolysis, natural gas reforming, and biomass gasification. The challenge lies in producing hydrogen sustainably and cost-effectively, utilizing methods that align with decarbonization goals.

Infrastructure Rollout

Establishing a hydrogen refueling network is a complex endeavor that requires significant investment. Overcoming this challenge is crucial for the widespread adoption of fuel cell commercial vehicles.

Vehicle Cost

The cost of fuel cell vehicles is currently higher compared to conventional diesel or gasoline vehicles. Achieving cost parity through technological advancements and economies of scale remains a challenge.

Key Market Trends

Hydrogen Infrastructure Development

The success of fuel cell commercial vehicles hinges on the availability of hydrogen refueling stations. Governments and industry stakeholders are investing in the development of hydrogen infrastructure to support the growth of these vehicles.

Partnerships and Collaborations

Automotive manufacturers, energy companies, and technology providers are forming partnerships to accelerate the deployment of fuel cell commercial vehicles. Collaborations help overcome challenges related to infrastructure, technology development, and market penetration.

Scaling and Cost Reduction

As with any emerging technology, the initial costs of fuel cell vehicles are relatively high. However, ongoing research, development, and increased production volumes are expected to drive down costs over time, making them more competitive with conventional vehicles.

Segmental Insights

Vehicle Type Segment:

The Global Fuel Cell Commercial Vehicle Market, segmented by vehicle type, reflects the diverse applications of fuel cell technology across the commercial transport landscape. In the trucks segment, fuel cell technology is poised to revolutionize freight transportation, offering an emissions-free alternative to conventional diesel trucks. Fuel cell trucks cater to various weight classes, from light-duty delivery trucks to heavy-duty long-haul vehicles, providing extended ranges, shorter refuelling times, and a sustainable solution for goods movement. In the buses segment, fuel cell technology transforms public transportation by providing zero-emission options for urban, intercity, and long-distance routes. Fuel cell buses combine environmental benefits with practicality, as they can cover extensive distances without lengthy refuelling breaks, making them suitable for demanding public transit schedules. This segmentation underscores the adaptability of fuel cell technology, addressing the unique operational requirements of both trucks and buses while advancing the commercial vehicle sector towards a cleaner, more efficient, and sustainable future.

Power Range Insights

The Global Fuel Cell Commercial Vehicle Market, segmented by power range, presents a nuanced landscape that tailors fuel cell technology to diverse operational requirements. Vehicles with power outputs below 100 kW cater to applications such as light-duty urban transport and last-mile delivery, providing efficient and clean solutions for short distances within urban environments. In the 100 kW - 200 kW power range, medium-duty commercial vehicles, including vans and small trucks, are accommodated, offering a balance between power and efficiency for various urban and regional operations. Above 200 kW, heavy-duty applications emerge, encompassing large trucks and buses that require substantial power for long-haul routes and intensive cargo transport. This segmentation aligns with the industry's push towards sustainable mobility across weight classes, ensuring that fuel cell commercial vehicles can meet the demands of both short-distance urban logistics and long-distance freight transport. As fuel cell technology matures and infrastructure expands, the distinct power range segments are poised to offer a comprehensive solution suite for commercial transport needs while contributing to the reduction of emissions and the realization of a greener transportation future.

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Regional Insights

European countries are investing in hydrogen infrastructure and offering incentives for fuel cell commercial vehicles. Government initiatives and collaboration with industry players are driving growth in this market. In North America, The United States and Canada are making strides in hydrogen production and infrastructure. Some states are particularly active in promoting fuel cell technology for commercial vehicles. Furthermore, In Asia Pacific, Countries like Japan and South Korea are leaders in fuel cell technology. Japan's interest in hydrogen as an energy carrier has led to significant advancements in fuel cell vehicle development. The Japanese government is relying on hydrogen vehicles to reach net zero emissions by 2050. The government aims to have 200,000 FCV vehicles on the roads by 2025, up from 3,600 vehicles in 2019, and 320 hydrogen filling stations according to its 3rd strategic plan for hydrogen and fuel cells.

Recent Developments

General Motors announced in June 2021 that it will partner with Wabtec Corporation to develop and deploy GM’s hydrogen-based fuel cell systems (H2) in combination with Wabtec’s Ultium battery technology (U3) for commercial vehicles.
In April 2021, Volvo Group announced a new Fuel-Cell Joint Venture (FCJV) Cell Centric, the first of its kind in the industry, with the goal of accelerating the development and deployment of long-haul trucks powered by hydrogen fuel cells.

Key Market Players

· Toyota Motor Corp.

· Kenworth Trucks

· Nikola Motor Co.

· Zhejiang Geely Holding Group

· Scania

· BMW AG

· Volvo Group

By Vehicle Type	By Power Range	By Region
Trucks Buses	Below 100 kW 100 kW - 200 kW Above 200 kW	Asia-Pacific Europe & CIS North America South America Middle East & Africa

Report Scope:

In this report, the Global Fuel Cell Commercial Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Fuel Cell Commercial Vehicle Market, By Vehicle Type:

o Trucks

o Buses

Global Fuel Cell Commercial Vehicle Market, By Power Range:

o Below 100 kW

o 100 kW - 200 kW

o Above 200 kW

Global Fuel Cell Commercial Vehicle Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ South Korea

§ Australia

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Fuel Cell Commercial Vehicle Market.

Available Customizations:

Global Fuel Cell Commercial Vehicle Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Fuel Cell Commercial Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Fuel Cell Commercial Vehicle Market

5. Global Fuel Cell Commercial Vehicle Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type Market Share Analysis (Trucks, Buses)

5.2.2. By Power Range Market Share Analysis (Below 100 kW, 100 kW - 200 kW, Above 200 kW)

5.2.3. By Regional Market Share Analysis

5.2.3.1. Asia-Pacific Market Share Analysis

5.2.3.2. Europe & CIS Market Share Analysis

5.2.3.3. North America Market Share Analysis

5.2.3.4. South America Market Share Analysis

5.2.3.5. Middle East & Africa Market Share Analysis

5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3. Global Fuel Cell Commercial Vehicle Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Power Range Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Automotive Filter Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Power Range Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. China Market Share Analysis

6.2.3.2. India Market Share Analysis

6.2.3.3. Japan Market Share Analysis

6.2.3.4. Indonesia Market Share Analysis

6.2.3.5. Thailand Market Share Analysis

6.2.3.6. South Korea Market Share Analysis

6.2.3.7. Australia Market Share Analysis

6.2.3.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Automotive Filter Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.1.2. By Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle Type Market Share Analysis

6.3.1.2.2. By Power Range Market Share Analysis

6.3.2. India Automotive Filter Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.1.2. By Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle Type Market Share Analysis

6.3.2.2.2. By Power Range Market Share Analysis

6.3.3. Japan Automotive Filter Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.1.2. By Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle Type Market Share Analysis

6.3.3.2.2. By Power Range Market Share Analysis

6.3.4. Indonesia Automotive Filter Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.1.2. By Volume

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Vehicle Type Market Share Analysis

6.3.4.2.2. By Power Range Market Share Analysis

6.3.5. Thailand Automotive Filter Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.1.2. By Volume

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Vehicle Type Market Share Analysis

6.3.5.2.2. By Power Range Market Share Analysis

6.3.6. South Korea Automotive Filter Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.1.2. By Volume

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Vehicle Type Market Share Analysis

6.3.6.2.2. By Power Range Market Share Analysis

6.3.7. Australia Automotive Filter Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.1.2. By Volume

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Vehicle Type Market Share Analysis

6.3.7.2.2. By Power Range Market Share Analysis

7. Europe & CIS Automotive Filter Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Power Range Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. Germany Market Share Analysis

7.2.3.2. Spain Market Share Analysis

7.2.3.3. France Market Share Analysis

7.2.3.4. Russia Market Share Analysis

7.2.3.5. Italy Market Share Analysis

7.2.3.6. United Kingdom Market Share Analysis

7.2.3.7. Belgium Market Share Analysis

7.2.3.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Automotive Filter Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.1.2. By Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Power Range Market Share Analysis

7.3.2. Spain Automotive Filter Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.1.2. By Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Power Range Market Share Analysis

7.3.3. France Automotive Filter Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.1.2. By Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Power Range Market Share Analysis

7.3.4. Russia Automotive Filter Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.1.2. By Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Power Range Market Share Analysis

7.3.5. Italy Automotive Filter Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.1.2. By Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Power Range Market Share Analysis

7.3.6. United Kingdom Automotive Filter Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.1.2. By Volume

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Power Range Market Share Analysis

7.3.7. Belgium Automotive Filter Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.1.2. By Volume

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Power Range Market Share Analysis

8. North America Automotive Filter Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Power Range Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. United States Market Share Analysis

8.2.3.2. Mexico Market Share Analysis

8.2.3.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Automotive Filter Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.1.2. By Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Power Range Market Share Analysis

8.3.2. Mexico Automotive Filter Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.1.2. By Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Power Range Market Share Analysis

8.3.3. Canada Automotive Filter Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.1.2. By Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Power Range Market Share Analysis

9. South America Automotive Filter Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Power Range Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. Brazil Market Share Analysis

9.2.3.2. Argentina Market Share Analysis

9.2.3.3. Colombia Market Share Analysis

9.2.3.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Automotive Filter Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.1.2. By Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Power Range Market Share Analysis

9.3.2. Colombia Automotive Filter Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.1.2. By Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Power Range Market Share Analysis

9.3.3. Argentina Automotive Filter Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.1.2. By Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Power Range Market Share Analysis

10. Middle East & Africa Automotive Filter Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.1.2. By Volume

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Power Range Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. Turkey Market Share Analysis

10.2.3.2. Iran Market Share Analysis

10.2.3.3. Saudi Arabia Market Share Analysis

10.2.3.4. UAE Market Share Analysis

10.2.3.5. Rest of Middle Eats & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Automotive Filter Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.1.2. By Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Power Range Market Share Analysis

10.3.2. Iran Automotive Filter Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.1.2. By Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Power Range Market Share Analysis

10.3.3. Saudi Arabia Automotive Filter Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.1.2. By Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Power Range Market Share Analysis

10.3.4. UAE Automotive Filter Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.1.2. By Volume

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Vehicle Type Market Share Analysis

10.3.4.2.2. By Power Range Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Toyota Motor Corp.

14.1.1.1. Company Details

14.1.1.2. Product & Services

14.1.1.3. Recent Developments

14.1.1.4. Key Management Personnel

14.1.2. Kenworth Trucks

14.1.2.1. Company Details

14.1.2.2. Product & Services

14.1.2.3. Recent Developments

14.1.2.4. Key Management Personnel

14.1.3. Nikola Motor Co.

14.1.3.1. Company Details

14.1.3.2. Product & Services

14.1.3.3. Recent Developments

14.1.3.4. Key Management Personnel

14.1.4. Zhejiang Geely Holding Group

14.1.4.1. Company Details

14.1.4.2. Product & Services

14.1.4.3. Recent Developments

14.1.4.4. Key Management Personnel

14.1.5. Scania

14.1.5.1. Company Details

14.1.5.2. Product & Services

14.1.5.3. Recent Developments

14.1.5.4. Key Management Personnel

14.1.6. BMW AG

14.1.6.1. Company Details

14.1.6.2. Product & Services

14.1.6.3. Recent Developments

14.1.6.4. Key Management Personnel

14.1.7. Volvo Group

14.1.7.1. Company Details

14.1.7.2. Product & Services

14.1.7.3. Recent Developments

14.1.7.4. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions & Countries

15.1.2. Target Vehicle Type

15.1.3. Target Power Range

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Fuel Cell Commercial Vehicle Market in 2022?

The market size of the Global Fuel Cell Commercial Vehicle Market was estimated to be USD 2.3 billion in 2022.

Which was the dominant segment By Vehicle Type in the Global Fuel Cell Commercial Vehicle Market in 2022?

The Buses segment dominates the Global Fuel Cell Commercial Vehicle Market, accounting for the majority of share due to its applications in public transportation and infrastructure available. It is expected to grow even further in the coming years.

Which is the dominant region in the Global Fuel Cell Commercial Vehicle Market?

On a regional basis, the Asia-Pacific region dominates the Global Fuel Cell Commercial Vehicle Market, driven by major demand in Japan and south korea along with development of infrastructure to support fuel commercial vehicles in Asia Pacific Region.

What are the major drivers for the Global Fuel Cell Commercial Vehicle Market?

The major drivers for the Global Fuel Cell Commercial Vehicle Market include Zero Emissions, Longer Range and Faster Refueling, Reduced Dependence on Battery Charging Infrastructure etc.

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Press Release

Global Fuel Cell Commercial Vehicle Market to be Led by buses through 2028

Oct, 2023

The major drivers for the Global Fuel Cell Commercial Vehicle Market include vehicles Longer Range and Faster Refueling and reduced dependency on battery infrastructure are expected to drive the mark

Global Fuel Cell Commercial Vehicle Market By Vehicle Type (Trucks, Buses), By Power Range (Below 100 kW, 100 kW - 200 kW, Above 200 kW), By Region, Competition, Forecast & Opportunities, 2028

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