Fuel Cell Powertrain Market 2021 Growth, Trends Evaluation, Top Companies, Recent Developments, Strategies, Application and Forecast by 2027
Fuel Cell Powertrain Market Highlights Fuel Cell Powertrain Market is projected to be worth USD 5.5 billion by 2027, registering a CAGR of 65% during the forecast period (2021 – 2027), The market was valued at USD 287 million in 2020. The Fuel Cell Powertrain Market is an electrically powered device in which a fuel cell transforms energy stored as hydrogen into electricity. It may be used in material handling, emergency backup control, and transportation. The fuel cell power train is highly efficient and environmentally safe since it does not emit toxic emissions, unlike the internal combustion engine. The powertrain fuel cell is an inexpensive zero-local-emission mobility technology. This is part of a hybrid fuel cell vehicle, in which a fuel cell produces electricity using hydrogen as an energy supply. Continuous technological developments in the automobile industry are substantially boosting the development of the powertrain fuel cell sector wor