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Fuel Cell Trucks Market Gains Momentum as Auto Industry Embraces a Hydrogen Economy Transition
" is emerging as a promising substitute to fossil fuels. It is a cleaner and more environmentally friendly form of energy, which will most suitably serve long distance-traveling needs and segments that demand high uptime and availability," said . "To overcome the challenges pertaining to technology, supply chain, infrastructure, and economic costs and in order to create a comprehensive hydrogen economy, the industry needs to hasten development to achieve economies of scale."
added: "Opportunities for fuel cell trucks to grow in long-haul segments are evident when the industry transitions away from diesel engines. Major manufacturers are engaged in fuel cell vehicle development through cross-company and cross-regional collaborations to synergize and leverage existing know-how in technology, production and supply chain capabilities, and industry positioning."
Transport authorities and relevant companies are devising transition strategies and action plans to be competitive and maintain technology leadership. The following areas of exploration should be considered for growth:
is the latest addition to Frost & Sullivan's research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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