Asia Pacific FCEV market is expected to dominate the global industry share from 2019 to 2025 due to continuous investments in fuel cell vehicle technologies by automobile manufacturers in the region.
The fuel cell electric vehicles (FCEV) market is slated to rise from around USD 830 million in 2018 to USD 11.6 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Increasing demand for vehicles along with improving living conditions are supporting the fuel cell vehicle sales over the forecast timeframe.
Higher carbon emissions along with rising greenhouse gases from conventionally fueled vehicles are enabling automobile OEMs to look for alternatives, thereby accelerating the development of such vehicles. Short refueling time and long-distance travelling range offering greater customer convenience will further propel the fuel cell electric vehicles market growth.
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(FCEV) fuel cell electric vehicles market participants are continuously engaged in the R&D for developing advanced and low-cost hydrogen fuel solutions for supporting industry growth over the projected timeframe. For instance, in 2018, Plug Power announced the development of metal membrane electrode assemblies for improving the power density of the fuel cells, significantly contributing towards extending the cell life over the life cycle of the vehicle.
The higher costs associated with the acquisition of fuel cell vehicles along with limited availability of hydrogen refueling station network are limiting the FCEV market share over the study timeframe. However, industry players along with government authorities are continuously collaborating for improving the hydrogen.
Automotive fuel cell electric vehicles grew significantly from 2019 to 2025. This growth is attributed to the proliferating demand for automobiles for felicitating personal mobility. Additionally, the benefits offered by the FCEVs including higher driving range, lower refueling time, and no emissions further supports the segment expansion. Additionally, supporting government policies and incentives for lowering the costs associated with the acquisition of such vehicles along with lower taxes are providing a positive outlook for the fuel cell electric vehicles market expansion over the study timeframe.
Browse key industry insights spread across 250 pages with 339 market data tables & 11 figures & charts from the report, “Fuel Cell Electric Vehicles (FCEV) Market Size By Vehicle (Heavy Duty Vehicles, Agriculture, Buses, Port Vehicles, Automotive, Class 8, Others), By Distance (Short, Long) Industry Analysis Report, Regional Outlook (U.S., Canada,Germany, UK, France, Sweden, Italy, Norway, Spain, Netherlands, China, Japan, India, Korea, Brazil, Mexico, Argentina,Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025″ in detail along with the table of contents:
Long distance will account for a considerable volume share in the fuel cell electric vehicles market. This share is credited to the increasing adoption of buses and trucks operating on fuel cells. Moreover, continuous support from the governments across the globe for reducing dependencies on conventional fuels and transition the public transportation to green mobility further supports the segment expansion. Additionally, industry players are introducing advanced truck models with higher driving range.
Asia Pacific FCEV market is expected to dominate the global industry share from 2019 to 2025 due to continuous investments in fuel cell vehicle technologies by automobile manufacturers in the region. For instance, in 2018, Toyota Motor Corp announced to double its investment in hydrogen fuel cell vehicles for designing low-cost sport utility vehicles (SUVs) and mass-market passenger cars, thereby supporting in the market expansion along with achieving the economies of scale easily.
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SOURCE Global Market Insights, Inc.
Leading Decentralized Investment Banking Group – Coinstreet Partners, Awarded Asia Futurist Leadership Award
The Asia Futurist Leadership Award in the category of High Flyer Award – Outstanding Deal Originator In Asia was awarded to Coinstreet Partners by the Association of Family Offices in Asia, the Association of Private Bankers in Greater China and the Women In Leadership Association at the Asia Futurist Leadership Summit, held in Hong Kong during International Financial Week.
Asia Futurist Leadership Awards (AFLA) recognize family offices, family enterprises, industry professionals, private banks, institutions, funds and new ventures around the world that are creating a positive environment, promoting sustainability and making social impact, ultimately contributing to the creation of a better world.
The Association of Family Offices in Asia, principal organizer of AFLA, is a professional society that distinctively connects single, multi and virtual family offices as well as the industry societies in the region. It currently has more than 9000 institutional associates and hundreds of single and multi-family office members, with investment net worth typically over USD50 million.
“Digital assets are one of the transformative forces shaping the new face of the financial service industry and the economy as a whole. We would like to see more prudent players and regulation to ensure this development heads in the right direction,” said Ms. Eva Law, Founder and Chairman of the Association of Family Offices in Asia. “We are very pleased to see Coinstreet Partners win this award and look forward to their continuous effort to make digital assets widely available, and bring value to investors and to economic development.”
“Congratulations to Coinstreet for winning the Asia Futurist Leadership High Flyer Award, it recognizes them as an outstanding deal originator in Asia, and their vision to crossover Finance, Media and Technology is an exciting future trend,.” said Ms. Mercedes Ho, Executive Director of Forbes Global Alliance, and the presenter of the award.
Coinstreet is a leading decentralized investment banking group and consultancy firm in the F.M.T. (Finance, Media & Tech) field, providing a business eco-system for the new era of digital economy. Coinstreet focuses on five business segments: Token Finance Consultancy, Digital Asset & Wealth Management, PR Media & Investor Relations, Digital Asset Tokenization & Trading Platform, and Decentralized Finance & DLT Solutions.
“The Association of Family Offices in Asia is a highly respectable organization in traditional investment communities,” said Mr. Samson Lee, Founder and CEO of Coinstreet Partners. “We are very honored to be the recipient of the Asia Futurist Leadership Award. It represents a significant recognition of our efforts and vision of the convergence between the traditional financial eco-system and the digital assets system.”
According to a survey from the World Economic Forum, around 10% of global GDP will be tokenized and stored on Blockchain by 2027. Coinstreet serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Significant growth in the number of high-quality STO projects and global expansion of investor communities is expected, as adaption of this new corporate finance model gains popularity globally.
SOURCE Coinstreet Partners
Monerium and Algorand enter partnership to issue e-money on the Algorand protocol
Monerium (https://www.monerium.com/), the world’s first authorized provider of licensed e-money for blockchains, and Algorand Inc. (https://www.algorand.com/), the world’s first open source, permissionless, pure proof-of-stake blockchain protocol, announce a non-exclusive partnership to support the Algorand protocol in 2020 with Monerium’s fully programmable and redeemable e-money.
Mainstream adoption of blockchains requires a reliable form of digital cash on-chain. Since receiving its e-money license in June 2019, Monerium has announced several B2B use cases for e-money, including a cross-border transaction in euros. Monerium now supports e-money across the EU, Iceland, Norway and Liechtenstein in US Dollars, Euros, British Pounds, and Icelandic krona.
Algorand recently benefited from a significant upgrade, Algorand 2.0, which includes a number of features that enable sophisticated exchanges such as account quarantine, whitelist models, flexible asset reserve models and more.
“We look forward to supporting the Algorand protocol. Algorand incorporates key features for many mainstream use-cases, including stateless smart contracts and scaleable proof-of-stake consensus. The Algorand leadership has taken a pragmatic and deliberate approach in designing a blockchain for mainstream applications while staying close to the ethos of the open source community” states Sveinn Valfells, co-founder and CEO of Monerium. “Supporting new blockchains with mainstream relevance is a priority for Monerium.”
“Monerium and Algorand have a shared vision for real-world use cases that are enabled by advanced blockchain technology,” said W. Sean Ford, COO of Algorand, Inc. “We are thrilled that Monerium will be bringing their solution for e-money to Algorand and we look forward to our community’s ability to leverage the technology for straightforward regulatory compliance.”
SOURCE Algorand Foundation
Kadena Launches Public Chain with Smart Contract Transactions, Completing Industry’s First Hybrid Blockchain
Kadena, the first blockchain technology company to come out of JP Morgan’s Blockchain Center for Excellence, has announced the full launch of its public blockchain. Kadena’s public blockchain is first to market as a sharded Proof of Work Layer 1 network. Following the start of genesis mining in October 2019, Kadena has surpassed having two million blocks mined at hash rates as high as 40 TH/S. Today’s launch includes full transactions and the ability to write smart contracts. The latest functionalities of the network complete Kadena’s hybrid blockchain platform. Kadena is already delivering interoperability, scalability, and security across industries including finance, healthcare, and insurance.
The hybrid blockchain supports interoperability using Pact, Kadena’s open-source, Turing-incomplete smart contract language with Formal Verification. The simple smart contract language is powerful enough to code complex contracts and execute multi-party transactions. Enterprises and developers alike will find that applications once considered too difficult to build are now achievable with Kadena. Removing the complexity and vulnerability of other smart contract languages, Pact advances secure and legible transactions.
“Despite blockchain having immense potential, our experience building JP Morgan’s first blockchain showed us its limitations,” said Founder and President Stuart Popejoy. “Launching a fully functional hybrid blockchain which seamlessly integrates a public chain with a private network is a significant step forward in reimagining what applications can do on-chain.”
Kadena’s public blockchain functions through a braided, parallelized Proof of Work consensus mechanism, the only protocol that has been validated in the market. The architecture enhances throughput and scalability while preserving the reliability of Bitcoin. Kadena Kuro, the platform’s next-generation private blockchain, overcomes the challenges of security, scalability, and speed found in existing blockchains such as Ethereum.
“We’ve solved the scaling challenges of Bitcoin with parallel Proof of Work chains while addressing the security issues of Ethereum with Pact,” said Founder and CEO Will Martino. “Today’s launch of our public blockchain with smart contract transactions, which completes our hybrid platform, advances mainstream adoption. We’re excited to see how Kadena’s blockchain will empower entrepreneurs and enterprises to bring in Economics 2.0.”
The launch comes after Kadena completed a year full of milestones in 2019, including the news that next-generation blockchain networks such as Cosmos and Polkadot are looking to implement the Pact smart contract language. Businesses exploring deployment of applications on blockchain were able to utilize the speed and security of Kadena Kuro when it got listed on AWS Marketplace and Azure Marketplace with free community editions.
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