Executive Analysis of the Fuel Cell Passenger Car Market in Europe, North America, and Japan
Executive Analysis of the Fuel Cell Passenger Car Market in Europe, North America, and Japan : A Viable Business Case will Emerge Post 2022 for Vehicle Manufacturers and Infrastructure Operators
LONDON, Jan. 19, 2016 /PRNewswire/ -- This research service provides an executive analysis of the fuel cell passenger car market in North America, Europe, and Japan. It assesses key market trends such as future launches, partnerships, and infrastructure developments. Regulations and new innovations that focus on government support and infrastructure development have also been highlighted. In addition, fuel cell technology has also been compared with electric vehicle technology and range extenders. The report also focuses on target markets for fuel cell passenger cars based on innovations introduced by key original equipment manufacturers and regional governments.
Executive Summary—Key Findings
Partnerships between major Original Equipment Manufactures (OEMs) across different regions will play a key role in developing the fuel cell passenger cars market.
Fuel Cell Passenger Car Market: Key Findings, Europe, North America, and Japan, 2014
Future Launches: Over fuel cell passenger cars are likely to be launched in Europe, North America, and Japan by 2020 with models across various vehicle segments. Initially, affordable mass-market vehicles will be launched; OEMs will eventually shift their focus towards higher vehicle segments.
Evolution of Market Partnerships: Public-private partnerships have been established to install hydrogen refueling stations for fuel cell passenger cars. These partnerships are mainly being formed to share the investment risk of establishing heavily under-utilized and costly hydrogen infrastructure.
Fuel Cell Range-Extenders: Japanese and South Korean OEMs are focusing on fuel cell passenger cars, while some automakers in Europe are considering fuel cell systems as a range-extender application in Electric Vehicles (EVs) to make EV production economically feasible.
Incentives for Fuel Cell Passenger Cars: Incentives for fuel cell passenger cars have started phasing out in various regions, such as the United States; this has made it challenging for automakers to launch fuel cell passenger cars at a subsidized price. The $ cash incentive available for electric vehicles has been phased out since December 2014.
Technology Acquisition: The Volkswagen Group acquired an automotive fuel-cell patent portfolio and a two-year extension of engineering services from Ballard Power Systems for $ million. This confirms that there will be a positive shift towards the development of fuel cell technology.
Key Questions this Study Will Answer
- What is the business environment of the fuel cell passenger car market? What kind of market dynamics and impact will it have on the automotive industry?
- What are the key strategies that OEMs in Europe, North America, and Japan plan to use to enter the fuel cell passenger car market?
- What are the infrastructure trends in Europe, North America, and Japan? What is the status of existing infrastructure development and how will it evolve in the future?
- How will the fuel cell passenger car market evolve in the next five to seven years when compared to the electric vehicle market?
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