Fuel Cell Technology Market Highlights:-
Fuel Cell Technology offers more applicability and reliability than other alternatives such as wind and sun. This allows the technology to garner an extensive uptake across industries leading to generate an augmented demand which then results in increasing its marker size. Additional factors that contribute to the market growth include a growing population, urbanization & industrialization across the globe. The emergence of Electric Vehicles has brought about the largest scope for the market to expand globally.
The fuel cell electric vehicles primarily require the establishment of hydrogen refueling stations. This is expected to be initially deployed by the focus on government fleet and the high end consumer car market with a minimum required infrastructure set-up. The Fuel Cell Technology Market is further expected to gain traction with widespread consumer acceptance and adoption of electric vehicles, which will further reduce the cost of the production of fuel cell electric vehicles.
Top Key Players for Fuel Cell Technology Market:-
- Ballard Power Systems Inc.
- Nuvera Fuel Cells
- Oorja Fuel Cells
- AFC Energy PLC
- Air Products and Chemicals, Inc.
- Automotive Fuel Cell Cooperation
- Cellkraft AB
- EnergyOR Technologies Inc.
- H2 Logic A/S
- Intelligent Energy
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Industry/ Innovation/ Related News:
September 2017 – Ballard Power Systems has accepted a Letter of Intent to provide FCveloCity-HD 100-kilowatt fuel cell engines with the objective to power 8 ExquiCity tram-buses which are being built by Van Hool NV. The fuel cells would be used by these clean energy hybrid tram-buses for providing primary power. In case of need of the additional power, lithium batteries would be used and the only emission is water vapour. These hybrid fuel cell tram-buses offer a wide variety of benefits such as high levels of passenger comfort and safety, the highest level of operational flexibility and productivity and lower cost than a traditional tram.
November 2015 – Hydrogenics signed separate supply agreements with several Chinese electric vehicle integrators to bring its fuel cell and fueling station technology to China. This was primarily done with the objective of solving the prevalent air quality issues in the region.
Global Fuel Cell Technology Market – Segments
The MRFR Analysis has been segmented into three key dynamics;
By Type : Comprises PEMFC, MCFC, SOFC, DMFC, PAFC, and others
By Application : Stationary, Portable, and Transportation among others.
By Region : North America, Europe, APAC and Rest-of-the-World.
Major Points From TOC:-
1 Report Excerpts
2 Market Definition
3 Research Methodology
4 Forecast Indicators
5 Market Analysis
6 U.S.& Global Fuel Cell Technology, Market Value & Volume Forecast (2011-2027)
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7 Fuel Cell Technology, by Industry market Value & Volume Forecast (2011-2027)
7.2 Oil And Gas
7.2.1 Oil And Gas Market (USD $Million) (2011-2015)
7.2.2 Oil And Gas Market (USD $Million) (2016-2027)
7.3.1 Chemicals Market (USD $Million) (2011-2015)
7.3.2 Chemicals Market (USD $Million) (2016-2027)
7.4.1 HVAC Market (USD $Million) (2011-2015)
7.4.2 HVAC Market (USD $Million) (2016-2027)
Fuel Cell Technology Market – Geographical Analysis
The EU2020 – a strategy proposed by Europe that focuses on improving the infrastructure and decreasing the cost of the fuel cells, augments the demand for the product.
Germany has a strong value chain with a number of small and large companies like Siemens Westinghouse, and SFC Energy, providing a big scope for the Fuel Cell Technology to grow.
The Asia Pacific region is one of the leading revenue generators for Fuel Cell Technology with Japan and South Korea being the major chunk of the revenue generation regions. Favorable government policies and regulations is another factor that is allowing the fuel cell technology market to gain tremendous growth in this region.
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