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The fuel cells for automotive market size is forecast to increase by USD 8.57 billion at a CAGR of 35.28% between 2023 and 2028. The fuel cells market for the automotive industry is experiencing significant growth due to the increasing demand for efficient and clean energy technologies. One of the key trends driving this market is the reduction in the cost of fuel cell systems, making them more accessible to consumers. However, challenges remain, such as the lack of refueling infrastructure for fuel cell electric vehicles (FCEVs). Fuel cells operate by converting hydrogen fuel into electricity through an electrochemical reaction. The reaction produces water as a byproduct, which must be managed effectively to maintain optimal performance. The balance of water in the fuel cell system is crucial for maintaining proton conductivity and preventing flooding or drying out of the polymer membrane.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Fuel Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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