Global fuel cell market analysis

Further, microbial fuel cells are a rising market with lucrative opportunities in bioelectric power generation.

Fuel cell technologies market report 2017

Furthermore, transmission losses associated with large transmission networks have resulted in a demand for distributed power generation systems, which combine PVs to produce small-scale residential power sources with improved stability. Adoption of this technology for operations is expected to reduce electricity utilization cost of data centers by a significant margin. Report scope can be customized per your requirements. On the basis of application, stationary represents the largest segment, followed by transportation, portable and others. Key Findings:? Key Topics Covered. Key factors driving the demand of High-temperature fuel cells HTFC category is its suitability for combined heat and power CHP and increased tolerance to fuel impurities. Asia Pacific is another major market for hydrogen and fuel cells. The fuel cell market is likely to witness aggressive strategic alliances with market players looking to expand their end-user segments in emerging markets. This has resulted in a rising demand from combined heat and power generation sectors. Based on application, stationary application accounted for the market share of Power potential of fuel cells include systems as small as laptop to as big as utility power stations. In addition, the growth in hydrogen fuelling infrastructure will supplement the production of FCEV Fuel Cell Electric Vehicle in accordance with governmental support.

Apart from commercial, automotive, and residential sectors; telecom industry is one of the major avenues accounting for SOFC demand. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market?

Factors such as high efficiency, flexibility to use different fuels, and utilization of direct current are the key demand drivers.

fuel cell demand

Therefore, factors such as supportive government policies and efforts to incorporate fuel cell technology in transportation and other applications are expected to drive the fuel cell market in the region during the forecast period.

Based on type, the market has been segmented into air-cooled type, and water-cooled type.

Fuel cell predictions

The market size for each product, type, and application is provided in terms of revenue USD Billion. Fuel cell systems cost has also seen a decline owing to significant innovations in terms of efficiency and working cost. In recent years, governmental regulations have been pressing on reduction of greenhouse gas emissions. Industry players from heavy industries, automobile, shale gas, and pharmaceutical among others along with data service and technology players are increasingly acquiring companies pioneering solid oxide fuel cell technology. China, Japan, and South Korea are the key contributors in the region. Based on type, the market has been segmented into air-cooled type, and water-cooled type. Fuel cells generate only water and heat as byproducts thus lowering the adverse impact on the surroundings. To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries? Fuel cells convert chemical energy into electricity and heat with higher efficiencies and lower pollutant emissions.

These cars are likely to earn commercial status by the end of the forecast period. Fuel cell is closing in to be the most efficient form of alternative energy generation. This drives the market.

The burgeoning need for environment friendly energy storage solutions has propelled the demand for such energy storage solutions.

Fuel cell growth rate

The burgeoning need for environment friendly energy storage solutions has propelled the demand for such energy storage solutions. The global focus on clean energy usage in the transportation sector is creating increased opportunities for fuel cell business Japan and South Korea are expected to be pivotal in advancing the fuel cell electric vehicle technology, as Toyota and Hyundai-Kia claim to become the global leaders in fuel cell technology. They are considering it as a prime source of energy security for future. This report also includes the overall and comprehensive study of the Hydrogen and Fuel Cells market with all its aspects influencing the growth of the market. To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the global Hydrogen and Fuel Cells market? Such projects are likely to augment the fuel cell demand in the transportation sector during the forecast period. To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries? On the basis of application, stationary represents the largest segment, followed by transportation, portable and others. It is expected to expand at an estimated CAGR of Private and public investment firms are investing a huge amount of money in through Over-The-Counter OTC and venture capital investments.
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Global Fuel Cell Market