An extensive analysis on the worldwide Fuel Cell Industry, which forecasts significant development prospects over the forecast period, was just released by a reputable market research agency. The analysis projects that the market will develop at a strong compound annual growth rate (CAGR) of 21% from 2021 to 2031, reaching a valuation of $41,143.1 million.
Growing need for renewable energy generation has been identified as a major factor boosting market expansion. A move away from fossil fuels and a decrease in carbon emissions are made possible by fuel cells, which provide a reliable and effective option for power generation. The use of fuel cells has accelerated due to the increased focus on lowering greenhouse gas (GHG) emissions and halting climate change on a worldwide scale.
Get Full PDF Sample Copy of Report: https://marketdatalibrary.com/download-sample/4126
Globally enacted strict GHG emission standards have increased demand for fuel cells even more. Strict emission limits set by governments and regulatory agencies have prompted businesses to look for cleaner, more environmentally friendly energy sources. By producing electricity with fewer carbon emissions than traditional power generation techniques, fuel cells offer a practical substitute.
Government incentives and rising research and development (R&D) funds are also mentioned in the market research report as key market growth drivers. To encourage research and promote adoption, governments are aggressively promoting fuel cell technology through grants, subsidies, and tax advantages. These programmes promote fuel cell technology investment and commercial expansion.
Insightful information on current market dynamics, trends, and potential opportunities are provided in this in-depth market research analysis, enabling players to make knowledgeable business decisions in the fast developing global fuel cell industry.
Highlighted with 101 tables and 83 figures, this 177-page report “Global Fuel Cell Market 2021-2031 by Product (PEMFC, PAFC, SOFC, MCFC, DMFC, AFC), Capacity (200 Kw or below, above 200 Kw), Application (Stationary, Transportation, Portable), End User, and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global fuel cell market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global fuel cell market in every aspect of the classification from perspectives of Product, Capacity, Application, End User, and Region.
View Report Scope and Latest Developments in the Market: MW Link: –https://www.marketwatch.com/press-release/global-fuel-cell-market-forecast-2022-2032-industry-trends-and-opportunities-2023-06-02?mod=search_headline
Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn), capacity (MW), and volume (units) for 2021-2031 included in each section.
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Phosphoric Acid Fuel Cell (PAFC)
- Solid Oxide Fuel Cell (SOFC)
- Molten Carbonate Fuel Cell (MCFC)
- Direct Methanol Fuel Cell (DMFC)
- Alkaline Fuel Cell (AFC)
- Other Fuel Cells
Based on Capacity, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Small Scale (Up to 200 Kw)
- Large Scale (Above 200 Kw)
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn), capacity (MW), and volume (units) for 2021-2031 included in each section.
- Stationary
- Transportation
- Portable
By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Transportation
- Utilities & Government/Municipal Institutes
- Residential
- Commercial & Industrial
- Data Centers
- Military & Defense
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Israel, Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Product, Capacity and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Ballard Power Systems Inc.
- Bloom Energy Corp.
- Ceres Power Holdings PLC
- Cummins Inc.
- Doosan Fuel Cell America, Inc.
- FuelCell Energy Inc.
- Horizon Fuel Cell Technologies Pte. Ltd.
- Hydrogenics Corporation
- Intelligent Energy Limited
- Mitsubishi Hitachi Power Systems Ltd.
- Nedstack Fuel Cell Technology BV
- Nuvera Fuel Cells Inc. (Nuvera Fuel Cells LLC)
- Panasonic Corporation
- Plug Power Inc.
- PowerCell Sweden AB
- SFC Energy AG
- Toshiba Energy Systems & Solutions Corporation
View Complete TOC and Figures & Graphs of Fuel Cell Industry Report https://marketdatalibrary.com/free-customization/4126
About Market Data Library:
Market Data Library is committed to providing clients with high-quality market research that is tailored to their specific needs. The Market Data Library provides corporate intelligence studies that ensure reliable and accurate research data across a diverse range of industries, including Health Care, Chemicals, Packaging, ICT, Automotive, Industrial Automation, Agriculture, and Finance. Our team is comprised of various departments, including sales, operations, finance, research, and analytics, as well as the scientist and data scientist teams. Our business offerings portray the most up-to-date, rational information a company needs to compete effectively. To guarantee that our clients have access to information and insights whenever they need them, we provide 24/7 research support.
Contact Us
Market Data Library
Tel: +1-(718)-312-8686
Email: sales@marketdatalibrary.com
Website: marketdatalibrary.com/