Fuel Cell Market Revenue Share Analysis, Region & Country Forecast, 2030

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Fuel Cell Market Size Worth USD 21.54 Billion in
2030
Rising adoption of fuel cells in the military
applications is a key factor driving fuel cell
market revenue growth
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End Use Analysis
Demand Availability Analytics
Market Entry Strategy
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New Product Strategy
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Competitive Landscape / MA Feasibility
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Market Summary
The global Fuel Cell Market size reached USD 4.26
Billion in 2021 and is expected to register a
revenue CAGR of 22.8 during the forecast period,
according to latest analysis by Emergen Research.
Rising adoption of fuel cells in military
applications across the globe is the key factor
driving revenue growth of the market. Fuel cells
are becoming an attractive option for military
applications. Its ability to generate clean,
reliable electricity from hydrogen on-site is
being used in a variety of ways to assist
soldiers in protecting national security while
also improving energy efficiency. Hydrogen fuel
cells can extend Unmanned Aerial Vehicle (UAV)
flight time to approximately eight hours and can
be refueled in less than 15 minutes after
landing. The fuel cell-powered UAV also requires
less maintenance and no lubricants. The Navy's
U.S. Naval Research Laboratory and General Motors
(GM), developed a long-endurance unmanned
undersea vehicle (UUV). The Navy began using
fuel cells in UUVs instead of batteries to allow
for larger payloads and longer runtimes. On 17
June 2021, General Motors and Liebherr-Aerospace
announced to collaborate on the development of an
electrical power generation system based on
hydrogen fuel cell technology for aircraft
applications. Growing adoption of fuel cell
technology in military applications is expected
to boost revenue growth of the market during the
forecast period. Read More https//www.emergenr
esearch.com/industry-report/fuel-cells-market
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Market Summary
Some Key Highlights from the Report Polymer
Electrolyte Fuel Cells (PEFCs) segment revenue is
expected to increase at a steady rate over the
forecast period due to the rising adoption of
PEFCs in transportation and stationary
applications. PEMFCs produce electricity and work
on the inverse principle of PEM electrolysis. It
is a strong contender to replace alkaline
fuel-cell technology. The transportation segment
is expected to register a significantly fast
revenue growth rate over the forecast period due
to the growing adoption of fuel cells in
automotive. Rising awareness of fossil fuel
emissions across the globe creates high demand
for fuel cell vehicles across the globe. In May
2022, French multinational automobile
manufacturer Renault announced to launch
electric-hydrogen hybrid concept car. The market
in Asia Pacific accounted for largest revenue
share in the global fuel cell market in 2021 due
to the growing adoption of fuel cell vehicles in
countries across the region, especially in China,
Japan, South Korea, and Japan. The government of
China is planning to roll out 50,000 fuel cell
vehicles by 2025. The hydrogen roadmap outlines
the country's fuel cell ecosystem development
between 2025 and 2035. The country also intends
to produce 200,000 tons of green hydrogen per
year by 2025. Request Free Sample _at_
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Market Summary
Emergen Research has segmented global fuel cell
market on the basis of size, type, application,
end-use, and region Size Outlook (Revenue, USD
Billion 2019-2030) Small Scale Large Scale Type
Outlook (Revenue, USD Billion 2019-2030) Proton-E
xchange Membrane Fuel Cell (PEMFC) Polymer
Electrolyte Fuel Cell (PEFC) Direct Methanol Fuel
Cell (DMFC) Molten Carbonate Fuel Cell
(MCFC) Phosphoric Acid Fuel Cell (PAFC) Alkaline
Fuel Cell (AFC) End-Use Outlook (Revenue, USD
Billion 2019-2030) Commercial
Industrial Military Defense Transportation Resid
ential Utilitis Government                  
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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