Electric Vehicles Fuel Cells Market Estimated to Expand at a Robust CAGR by 2027 - PowerPoint PPT Presentation

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Electric Vehicles Fuel Cells Market Estimated to Expand at a Robust CAGR by 2027


Electric Vehicles Fuel Cells Market Estimated to Expand at a Robust CAGR by 2027 – PowerPoint PPT presentation

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Title: Electric Vehicles Fuel Cells Market Estimated to Expand at a Robust CAGR by 2027

Electric Vehicles Fuel Cells Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2027

About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
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    tion indispensable for businesses to sustain a
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  • Each TMR Syndicated Research report covers a
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    technology. These reports provide in-depth
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Need for Zero-Emission Transport
  • G8 Leaders (Canada, Russia, Italy, Germany,
    Japan, France, the U.K., and U.S.) and Europe
     have declared to cut carbon dioxide emission by
    at least 80 by 2050 in order to stabilize
    atmospheric carbon dioxide and global warming
  • In order to cut the carbon dioxide emission,
    decarbonization up to 95 of the road transport
    is required. The compatibility and availability
    of alternative biofuels is also very low
  • Improvement in efficiency of the internal
    combustion engine cannot be expected to improve
    more than 30 during the coming years 

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Fuel Cell as Technology
  • Fuel cell is akin to a battery, which generates
    electricity with the help of electrochemical
    reaction. Fuel cells and batteries convert
    chemical energy into electrical energy. Fuel
    cells also produce a by-product during the
    process that is heat.
  • Once the energy from battery is depleted, the
    battery needs to be discarded or recharged with
    the help of an external electrical supply to run
    the electrochemical reaction in opposite
  • Fuel cell can operate as long as it is provided
    with a source of fuel, which is hydrogen. The
    electrochemical oxidization of hydrogen takes
    place in fuel cell in an effective way.
  • The oxygen atoms react with hydrogen ions,
    resulting in formation of water, while electrons
    are released and passed through an external
    circuit in the form of electric current.
  • In this entire process, water vapor is the only
    exhaust emitted. 

Key Drivers of Electric Vehicles Fuel Cells
  • To overcome the pollution caused by the
    application of crude oil, petroleum products,
    etc. as hydrogen is non-polluting as a fuel. The
    only byproduct of hydrogen after combustion is
    water and heat.
  • To stabilize the carbon dioxide content in the
    atmosphere and reduce the chances of global
    warming in the near future. As, the carbon
    dioxide emission is expected to nullify on
    application of fuel cells.
  • Fuel cells are likely to increase the overall
    efficiency of automobiles 

Key Players in Electric Vehicles Fuel Cells
  • Fuji Electric Co., Ltd.
  • Elcogen AS
  • Ballard Power Systems.
  • Hydrogenics
  • Dana Limited
  • Oorja Corporation

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