Fuel Cell Vehicle Market Exhibiting At A CAGR Of 33.7% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 25 April 2019: The Report Fuel Cell Vehicle Market Size, Share & Trends Analysis Report By Region (Europe, North America, Asia Pacific), Competitive Landscape, And Segment Forecasts, 2018 – 2025 The global Fuel Cell Vehicle Market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 33.7% CAGR during the forecast period. This rapid growth can be attributed to increase in investments by governments over the world for development and adoption of fuel cells. Fuel cell vehicles ensure emission-free operation, which will effectively reduce the carbon footprint and significantly drive product demand over the next few years. The key factor expected to drive the industry is advancements in fuel cell technology. Ongoing advancements have helped match performance with conventional fuel vehicles, with respect to power output and user experience. Adoption of fuel cell vehicles worldwide is expected to