![]() With the rapid growth in the automotive sector, car manufacturers are also becoming careful while selecting energy distribution technologies to avoid battery-related accidents.Īt present, there is increase in demand for an energy-efficient electric vehicle to reduce pollution worldwide. With the changes in business strategies to introduce innovative technologies, the market is moving toward EV adaptation, which has compelled ICE vehicle manufacturers to shift their focus toward EVs with high voltage operating devices. There have been notable collaborations in recent years between automakers and tech companies to develop technologically advanced electric vehicles. ![]() The major players in the automotive sector are focusing on investing in the production of electric vehicles. ![]() The report highlights the factors driving and restraining the market growth, as well as enumerates prominent players in the market with their recent developments.Īt present, automotive manufacturers are inclined toward making automotive mobility more sustainable to reduce their impact on the environment. ![]() 17, 2020 (GLOBE NEWSWIRE) - The "Fuel Cell Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, and Others) Application and End-User" report has been added to 's offering.Īccording to this report the market was valued at US$ 709.00 million in 2019 and is projected to reach US$ 4,570.68 million by 2027, growing at a CAGR of 26.8%. ![]()
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