Forecast of Global Automotive Fuel Cells Market 2023

Global Automotive Fuel Cells market will register a 15.8% CAGR in terms of revenue, reach US$ 750 million by 2023, from US$ 310 million in 2017. A fuel cell is a device that generates electricity by a chemical reaction. Automotive fuel cells create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust-they emit water vapor and warm air.