The automotive fuel cell market is estimated to be 4,457 units in 2017 and is projected
to reach 268,786 units by 2025, at a CAGR of 65.86% during the forecast period. The
base year for the study is 2017 and the forecast period is 2018–2025. The market is
primarily driven by the benefits offered by fuel cell vehicles, such as better fuel
efficiency and increased driving range, fast refueling, reduced oil dependency, and no
greenhouse gas and air pollutants emission. Rising demand for fuel cell vehicles in
automotive and transportation sectors and government initiatives toward building
hydrogen infrastructure will further boost the automotive fuel cell market.