Fuel Cell Market Size, Share, Growth Strategies, Geographical Analysis and Forecast Till 2026
Category: #reports  By Sachin Pashte  Date: 2020-03-18
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Fuel Cell Market Size, Share, Growth Strategies, Geographical Analysis and Forecast Till 2026

The global fuel cell market is estimated to reach USD 13.71 billion by 2026 growing at a CAGR of 17.5% during the forecast period, according to a new study. The report provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the stationary application segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

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The Phosphoric Acid Fuel Cells (PAFCs) use liquid phosphoric acid, ceramic electrolyte and a platinum catalyst. PAFCs operate at a higher temperature and are capable of handling small amounts of fuel impurities. PAFCs are used in high-energy demand applications, such as hospitals, schools, and manufacturing and processing centers. Solid Oxide Fuel Cell (SOFCs) are the highest temperature fuel cells, operating at about 1800 degrees Fahrenheit. SOFCs use a dense layer of ceramic as an electrolyte, a non-platinum catalyst, and are commonly fueled by natural gas. SOFCs can achieve electrical efficiencies of 50% to 60%, and 70%-80% in CHP applications. SOFCs are used in applications such as small residential auxiliary power units, and large-scale stationary power generators for buildings and businesses.

The Report has segmented the global fuel cell market on the basis of type, application, and region:

Fuel Cell Type Outlook

  • Solid Oxide Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Proton Exchange Membrane Fuel Cells
  • Molten Carbonate Fuel Cells
  • Others

Fuel Cell Application Outlook

  • Stationary
  • Portable
  • Transport

 Fuel Cell Regional Outlook

  • North America
  • Europe
  • Asia-Pacific  
  • Latin America
  • Middle East and Africa

 

The companies profiled in the report include:
Aisin Seiki Co. Ltd., Ceres Power Holdings PLC, Plug Power Inc., Panasonic Corporation, Ballard Power Systems, Inc., Nedstack Fuel Cell Technology, Horizon Fuel Cell Technologies, Intelligent Energy Limited, Mitsubishi Hitachi Power Systems, Ltd., and Toshiba Fuel Cell Power Systems Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Asia-Pacific generated the highest revenue in the fuel cell industry in 2018, and is expected to lead the global market throughout the forecast period. The increasing awareness among consumers, and rising environmental concerns drive the fuel cell market growth in the region. The governments in the region are investing significantly to promote the adoption of fuel Cell. The increasing application of fuel cells in commercial, and transportation sector further supports the market growth in the region. The increasing penetration fuel cell electric vehicles, and significant increase in power consumption accelerates the adoption of fuel cells in the region.

More Details on this Report At: https://www.marketstudyreport.com/reports/fuel-cell-market-share-size-trends-industry-analysis-report-by-type-solid-oxide-fuel-cells-phosphoric-acid-fuel-cells-proton-exchange-membrane-fuel-cells-molten-carbonate-fuel-cells-by-application-by-region-segment-forecast-2019-2026/?utm_source=marketforecasters&utm_medium=TS

Table of Content

1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research Methodology

1.4. Key take-away

1.5. Stakeholders

2. Executive Summary

2.1. Market Definition

2.2. Market Segmentation

3. Fuel Cell Market Insights

3.1. Fuel Cell Industry snapshot

3.2. Fuel Cell - Ecosystem analysis

3.3. Fuel Cell Market Dynamics

3.4. Industry analysis - Porter's five force

3.5. Fuel Cell Market PEST Analysis

3.6. Fuel Cell Market Value Chain Analysis

3.7. Fuel Cell Industry Trends

3.8. Competitive Ranking Analysis, 2017

4. Fuel Cell Market Size and Forecast, 2018-2026 by Type

5. Fuel Cell Market Size and Forecast, 2018-2026 by Application

6. Fuel Cell Market Size and Forecast, 2018-2026 by Region

7. Company Profiles

 

Related Report:

Global Hydrogen Fuel Cell Vehicle Market 2018-2025

Global Hydrogen Fuel Cell Vehicle Market valued approximately USD 465.0 million in 2017  is anticipated to grow with a healthy growth rate of more than 70.13% over the forecast period 2018-2025. The Hydrogen Fuel Cell Vehicle Market is continuously growing in the global scenario at significant pace. Hydrogen fuel cell vehicles (HFCVs) are a class of electric vehicles that power the drive train of the vehicles through the energy generated from fuel cells.

https://www.marketstudyreport.com/reports/global-hydrogen-fuel-cell-vehicle-market-size-research?utm_source=marketforecasters&utm_medium=TS  

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About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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