Global Fuel Cell Market Overview 2018 Based On Type, Application, Regional Analysis, Competitive Landscape And Forecast 2023

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    Global Fuel Cell Market Boosted by Upcoming
Hydrogen-Based Fuel Cell Projects

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Report Description and Highlights
Report Description
  Global Fuel Cell Market Boosted by Upcoming
Hydrogen-Based Fuel Cell Projects The global
fuel cell market is expected to witness a robust
growth in the upcoming years. This can be
accredited to several initiatives implemented by
the governments of Australia, Germany, Korea,
Japan, etc. to increase the employment of
hydrogen fuel cells in the production of
automobiles and gas distribution systems so as to
curb their carbon footprint. IMARC Groups
latest study, titled Fuel Cell Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023, finds that the global
fuel cell market reached a value of more than US
4.0 Billion in 2017. A fuel cell refers to an
electrochemical energy conversion device which
contains two electrodes. It also includes an
electrolyte which carries ions between the
electrodes and a catalyst to speed up the
reaction. Owing to the advantages offered by fuel
cells, such as easy maintenance, high operating
time and better efficiency, they find
applications in automobiles, data centres,
forklifts, telecommunications, etc. Moreover, as
modern fuel cells work on pure hydrogen, they
emit negligible amount of greenhouse gases in
comparison to diesel- or gas-based fuel cells
which makes them environment-friendly in nature.
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Report Description and Highlights
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• Constant depletion of fossil fuels has led
  governments across the world to implement
  numerous policies and initiatives, and use
  sustainable energy alternatives. For instance,
  the Australian government has proposed to convert
  gas distribution system to clean hydrogen by
  2030. Similarly, the German government aims to
  reduce greenhouse gas emissions by 40 till 2020
  and has invested in hydrogen fuel cells for
  trains. Along with this, an increase in the
  number of fuel cell vehicles and buses in China,
  Japan and Korea has further broaden the growth
  prospects of the market. Additionally, employment
  of fuel cells reduces economic dependence on
  crude oil imports, thereby being financially
  beneficial to the countries. Looking forward, the
  market value is projected to reach US 8.4
  Billion by 2023, expanding at a CAGR of 13.4
  during 2018-2023.
• Market Summary
• Based on type, proton exchange membrane fuel
  cells dominate the market, holding the largest
  share. Other types of fuel cells include solid
  oxide, molten carbonate, direct methanol and
  phosphoric acid.
• On the basis of application, the market has been
  segregated into stationery, transportation and
  portable. Currently, stationery applications
  account for the majority of the total market
  share, representing the largest segment.
• Read more here http//bit.ly/2zLznqy

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Report Description and Highlights
Report Description

•  
• Region-wise, the market has been classified into
  North America, Asia Pacific, Europe, Middle East
  and Africa, and Latin America. Amongst these,
  Asia Pacific is the leading market, accounting
  for the majority of the global share.
• The competitive landscape of the market has also
  been examined with some of the key players being
  Panasonic Corporation, Ballard Power Systems
  Inc., FuelCell Energy Inc., Plug Power Inc.,
  Nuvera Fuel Cells Inc., AFC Energy PLC, SFC
  Energy AG, Bloom Energy Corporation, Toshiba Fuel
  Cell Power Systems Corporation, Mitsubishi
  Hitachi Power Systems, Ltd., Intelligent Energy
  Limited and Doosan Fuel Cell America Inc.
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• Browse More Related Reports 
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Report Description and Highlights
Report Description

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