Fuel Cell Technology Market 2018-2023: Key Vendors Analysis, Global Share, Emerging Trends and Forecast 2024

28/dic/2018 18:25:44 Pradeep Z Contatta l'autore

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A fuel cell is a kind of battery which generates electricity from an electrochemical reaction. It uses an external supply which works continuously if it is supplied hydrogen and oxygen. In the process of oxidation, hydrogen by making chemical reaction with oxygen and release water which is used in the process where electrons are released and hence produce electric current. There are various types of fuel cells such as Proton exchange membrane (PEM), Solid oxide fuel cells (SOFC), among others.  

Segmentation Analysis

Global Fuel cell technology market can be segmented into fuel types, method, applications and by country. Based on Types market is segmented into Hydrogen, Natural gas, Methanol and Others. Based on Methods Fuel cell market is segmented into Polymer, Solid oxide fuel cells (SOFC), Molten carbonate fuel cells (MCFC) and Others. Based on Application market is segmented into Stationary, Transportation others. Based on country fuel cell market is segmented into Germany, United Kingdom, (RoW).   

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Global Key Players and Competition Analysis

Some of the major market players in Global Fuel Cell Technology Market include AFC Energy PLC; Ceres power Holdings PLC, Genport SRL, SFC energy AG, TOPSOE Fuel cell, and Ned stack fuel cell Technology among others.

Regional Analysis

Europe is one of the fastest growing regions in fuel cell technology market due to creating a roadmap of reducing emission of carbon di oxide by more than 80% by 2050. Germany is the leading country in Fuel cell technology market. Universities, research institutes, R&D are taking initiatives in Fuel Cell Market to study and to do business. United Kingdom (UK) is the emerging and active country in fuel cell technology market. UK Fuel cell technology market is expected to grow with a CAGR of more than 25% during the forecasted period 2015-2027.    

Market Scope

Fuel cell is a kind of alternative energy where it has been commercialized into micro cogeneration & heat production, and backup power for telecom towers. It is showing strong growth in future as it offers more applicability and reliability than other alternatives such as wind and sun.

Browse the market data and information spread across 123 pages with 12 data tables and 14 figures of the report “Fuel Cell Technology Market Research Report- Global Forecast to 2024 ” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/fuel-cell-technology-market-798

Industry News:

AFC energy, one of the leading fuel cell power companies has announced in 2014 that it is going to sign a new co-operation agreement in Bangkok to accelerate adoption of fuel cell systems in upcoming projects in Thailand.

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