North America Fuel Cell Market Analysis and Opportunity Assessment by 2030

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North America Fuel Cell Market Analysis and
Opportunity Assessment by 2030
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• Industry Insights

• Fuel cells are rapidly being deployed as a
  cleaner and more efficient energy source
  worldwide. In particular, the North America fuel
  cell market is set to grow at a rapid pace over
  the years, as a result of the escalating
  investment in renewable energy.
• For instance, in July 2021, the U.S. Senate
  passed a 550 billion clean energy investment
  bill to dramatically improve the clean energy
  landscape in the country, with 73 billion
  allocated for clean energy generation. This
  factor could encourage consumers to rely on fuel
  cells to generate clean electricity and
  consequently bolster the North America fuel cell
  market expansion in years to come.
• Considering their myriad usage benefits, fuel
  cells are gaining remarkable traction across
  multiple sectors, including industrial,
  residential, commercial, and energy storage for
  grids

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• Apart from the energy sector, GHG emission
  regulations have also been introduced in the
  automobile industry in recent years. In December
  2021, the Environment Protection Agency finalized
  federal GHG emissions standards for passenger
  vehicles as well as light trucks for 2023 through
  2026.
• These final standards leverage the advancements
  in clean car tech to unlock over 190 billion in
  net benefits to Americans, such as climate
  pollution reduction. Factors such as these could
  influence consumers to shift their focus to
  low-emission vehicles like fuel cell electric
  vehicles in the region.
• Power shutoff events pose a major hindrance to
  the maintenance of vehicular traffic in the U.S.
  states like California. To address challenges
  such as these, the city of Santa Clarita, for
  example, took a significant step forward in
  ensuring public safety during power outages. This
  involved the installation of a hydrogen fuel
  cell-based backup power system across the
  intersection of Whites Canyon Road and Soledad
  Canyon Road in Canyon Country.
• This system was installed to keep traffic signals
  in normal operation for above 50 hours following
  electricity disruption, longer than the 8 hours
  afforded by traditional battery-powered backup
  systems.

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• Competitive Analysis

• North America Fuel Cell Market growth will be
  positively affected by the notable presence of
  reputed organizations, such as Ballard Power
  Systems, Cummins Inc, NUVERA FUEL CELLS, PLUG
  POWER Inc, Bloom Energy, Siemens Energy, SFC
  Energy AG, Doosan Fuel Cell, TOSHIBA CORPORATION,
  Altergy, Aris Renewable Energy, Fuji Electric,
  AFC Energy, Fuel Cell Energy, poscoenergy, and
  GenCell Ltd., among others.

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