Fuel Cell Market to cross $6bn by 2024 - PowerPoint PPT Presentation

About This Presentation

Fuel Cell Market to cross $6bn by 2024


Request Sample of Report @ PEMFC fuel cell market is predicted to surpass 180 thousand units by 2024. Growing demand for primary and backup power sources to provide electricity in remote areas along with increasing use in FCEV’s and portable electronics will foster the industry growth. These cells function at comparatively low temperatures and can modify power output based on the power requirements. – PowerPoint PPT presentation

Number of Views:58


Transcript and Presenter's Notes

Title: Fuel Cell Market to cross $6bn by 2024

Global Fuel Cell Market to cross 6bn by 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Fuel Cell Market
  • Fuel Cell Market size will exceed USD 6 billion
    by 2024, as reported in the latest study by
    Global Market Insights, Inc. Increasing
    investments toward development of hydrogen
    refueling station coupled with rising demand for
    space heating across commercial and residential
    establishments will drive the fuel cell market
    share. Upsurge in installation of portable
    charging sources owing to increasing recreation
    activities will further stimulate the industry
    outlook. In 2017, the Government of UK granted a
    funding of USD 30.6 million toward the
    development of hydrogen vehicles and
  • Favorable government policies pertaining to
    sustainable energy technologies along with
    increasing demand for FCEVs will drive the fuel
    cell market share. Upsurge in funding by private
    institutions and government organizations
    including DOE, DAG Ventures and Credit Suisse
    toward technological advancement and innovations
    will stimulate the business landscape. In 2015,
    Credit Suisse funded USD 130 million in the Bloom
    Energy toward the development of SOFC technology
    in the U.S.

  • Japan fuel cell market is set to exceed 70 MW by
    2024. Increasing concerns pertaining to security
    of supply along with growing adoption of clean
    energy technologies will propel the industry
    growth. Government backed extensive research and
    development projects along with development of
    hydrogen infrastructure across the nation will
    complement the industry outlook. In 2017, Hyundai
    unveiled its plan to launch second-generation
    hydrogen fuel cell vehicles, which will enhance
    the properties of the technology.
  • Wide applications area including FCEVs, forklift
    trucks, two and three wheelers, light vehicles,
    trams, ferries, small boats and goods handling
    vehicles will boost the product adoption across
    transport sector. Ongoing deployment in e-bikes,
    UAVs, and in numerous commercial vehicles will
    further complement the fuel cell market growth.
    In 2016, the fuel cell vehicle sales in the U.S.
    grew to 5,000 units when compared to 4,000 units
    in 2015.

Europe Fuel Cell Market Size, By Product, 2016
2024 (USD Million)


Browse Full Market Research Report On Fuel Cell
Market _at_ http//bit.ly/2dM7W4o Request for a
Sample of this Research Report _at_ https//www.gmins
  • SOFC in 2016, accounted for over 40 of the
    global fuel cell market share. Ongoing adoption
    of fuel cells across small and large stationary
    power generation systems will stimulate the
    industry growth. These cells operate at high
    temperatures ranging between 8000C to 1,0000C and
    have an efficiency of over 60 when converted
    from fuel to electricity. High efficiency,
    stability, comparatively low cost, fuel
    flexibility and low emissions are some of the key
    features that will enhance the product
  • Regulatory policies pertaining to emissions along
    with increasing investments toward development of
    hydrogen infrastructure will drive the UK fuel
    cell market share. Increasing focus to replace
    the conventional power sources with the
    sustainable energy systems will further stimulate
    the industry growth. The Government of UK has
    planned to open 65 hydrogen refueling station by
    2020 and 1,150 by 2030.

  • Ceres Power
  • Hydrogenics Corporation
  • SFC
  • Ballard
  • Horizon
  • Bloom Energy
  • Plug Power
  • FuelCell Energy
  • Arcola
  • Toshiba

Stay In Touch Website www.gminsights.com Soci
al Media
Write a Comment
User Comments (0)
About PowerShow.com