Gmi Research

  Hydrogen Fuel Cells Market was valued at USD 1.2 billion in 2020, and estimated to reach USD 70.0 billion in 2028, growing at a significant CAGR of 66.0% during 2021-2028. The factors driving growth of the Hydrogen Fuel Cells Market includes increasing penetration of electric vehicles around the world, Government initiatives to reduce carbon emissions, exploitation of fossil resources, growing focus on reducing dependency on using non-conventional energy sources and improvements in the living standards. Moreover, increasing number of hydrogen-based refueling stations, development of advanced hydrogen-based fuel cells for vehicles, rising petroleum prices around the world, expansion of the automobile industry, growing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Hydrogen Fuel Cells Market size . In addition, the increasing investments by major corporations on research and development, strategic par...