The article cited AMA's Global Fuel Cell Electric Vehicles Market Study explored substantial growth with CAGR of 45.0%. According the report, The electric vehicles have less range when compared to traditional fossil fuel vehicles due to limited battery power and required recharging after discharging of battery which requires approximately 6 to 11 hours of charging time for a full battery. FCEV provides more range than electric vehicles & also it requires 2-3 minutes for refueling hydrogen tanks. Thus, the adoption of fuel cell vehicles is expected to rise owing to an advantage over the electric vehicles during the forecast period. is one of the primary growth factors for the market. Growing Demand for Zero-Emission Vehicles Across Different Applications is also expected to contribute significantly to the Fuel Cell Electric Vehicles market. Overall, Passenger Vehicles applications of Fuel Cell Electric Vehicles, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Toyota Motor Corporation (Japan), Honda Motor Co. Ltd (Japan), Hyundai Motor Group (South Korea), Audi AG (Germany), Volkswagen AG (Germany), SAIC Motor Corporation Limited (China), General Motors (United States) and Pininfarina (Italy) may see astonishing sales in this Market and certainly improve revenue growth.

The End Use, such as Original Equipment Manufacturers, is boosting the Fuel Cell Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Range, such as Short Range, is boosting the Fuel Cell Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Component, such as Batteries, is boosting the Fuel Cell Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Fuel Cell Electric Vehicles market identified that the demand is rising in many different parts of the world as "Growing Research and Developments on Fuel Cell Technologies for Implementation in Different Types of Vehicles of Different Transportation Industry. For instance, there are so many companies that have already developed fuel cell technologies for aerospace and marine applications such as Ballard. Moreover, there are some automotive companies such as General Motors, Toyota and Honda which have already launched fuel cell electric vehicles in countries such as Japan and the United States.". Furthermore, some recent industry insights like "In January 2020, Japan's Honda Motor Co. and Isuzu Motors Ltd signed a partnership agreement wherein they will jointly research the use of fuel cell technology for heavy-duty vehicle applications. Under the two-year deal, Isuzu will test Honda's fuel cell powertrain which is used by Honda in its fuel cell electric passenger vehicles in commercial trucks." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Fuel Station Infrastructure in Different Regions and Lack of Initiation Among Automobile Manufacturers"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Fuel Cell Electric Vehicles market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Fuel Cell Electric Vehicles market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Fuel Cell Electric Vehicles market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fuel Cell Electric Vehicles market and other related sub-markets covered in the study.

o Key & emerging players in the Fuel Cell Electric Vehicles market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Fuel Cell Electric Vehicles market size is calculated using market estimation process, the Fuel Cell Electric Vehicles market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fuel Cell Electric Vehicles market size has been validated using both top-down and bottom-up approaches.