Global Fuel Cell Market Worth $8,643 million by 2022
Latest report on “Fuel Cell Market by Types, Applications - Global Opportunity Analysis and Industry Forecast, 2014-2022” available with OrbisResearch.com.
The report segments the fuel cell market on the basis of application, type, and geography”
DALLAS, TEXAS, UNITED STATES, February 27, 2017 /EINPresswire.com/ -- The global fuel cell market is expected to grow at a CAGR of 17.36% from 2016 to 2022 to reach $8,643 million by 2022 from $2,894 million in 2015. A fuel cell is a device that converts chemical energy into electrical energy through a chemical reaction of positively charged oxygen with hydrogen ion or another oxidizing agent. Fuel cells are different for batteries, as they require a source of fuel and oxygen or air to continue the chemical reaction. Fuel cells can produce electricity continuously for a long time as these inputs are supplied. Fuel cells have a higher efficiency as compared to gas or diesel engines. Fuel cells operate silently as compared to others engines. They are therefore suited for use within buildings such as hospitals and others. Fuel cells eliminate pollution caused by burning fossil fuels. Fuel cells do not need conventional fuels such as oil or gas and can therefore reduce economic dependence on oil producing countries, creating greater energy security for the user nation.— fuel cell market is estimated to grow at a CAGR of 17.36% from 2016 to 2022
The fuel cell market is expected to register a substantial growth in the near future, attributed to strict government regulations to curtail increasing pollution. Moreover, increase in the distributed power system and high efficiency of fuel cells are the drivers for the fuel cell market. However, factors such as lack of fuel cell infrastructure and high cost of catalyst leading to a higher cost of fuel cells are likely to restrain the growth of the fuel cell market. Demand for fuel cell vehicles and new technology in fuel cells are opportunities for fuel cell market.
Request a sample of fuel cell Industry report @ http://www.orbisresearch.com/contacts/request-sample/214536 .
The report segments the fuel cell market on the basis of application, type, and geography. On the basis of application, the market is segmented into stationary, portable, and transport. Based on type, the market is divided into solid oxide fuel cell (SOFC), Hydrogen fuel cell, polymer exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), phosphoric acid fuel cell (PAFC), and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Tp market players prfiled in the reprt include
Ballard Pwer Systems Inc.
Plug Pwer Inc.
Prtn Pwer Systems PLC
ITM Pwer Plc
AFC Energy Plc
Fuel Cell Energy Inc.
SFC Energy
United Technlgies
Hydrgenics
Fuji Electric India Pvt. Ltd.
KEY BENEFITS FR STAKEHLDERS:
This reprt prvides an extensive analysis f the current and emerging market trends and dynamics in the glbal fuel cell market.
Cmpetitive intelligence (f leading manufacturers and distributrs f fuel cell) helps in understanding the cmpetitive scenari acrss the gegraphies.
This reprt entails the detailed quantitative analysis f the current market and estimatins thrugh 2014-2022, which assist in identifying the prevailing market pprtunities.
Recent develpments, key manufacturers, their market shares, and upcming prducts have been listed.
Exhaustive analysis f the glbal fuel cell market by type, which helps in clear understanding market trends.
Cmprehensive analysis f all regins is prvided that determines the prevailing pprtunities in these gegraphies.
The reprt prvides micr level analysis fr varius segments based n applicatins, type f fuels and gegraphy, which brings a crystal clear picture f the market.
KEY MARKET SEGMENTS:
By Prduct Type
Slid xide Fuel Cells (SFC)
Prtn Exchange Membrane Fuel Cells (PEMFC)
Mlten Carbnate Fuel Cells
Phsphric Acid Fuel Cells
thers (Direct Methanl Fuel Cells, Alkaline Fuel Cells, Direct Carbn Fuel Cells)
By Applicatin
Prtable
Statinary
Transprt
By Gegraphy: Nrth America, U.S., Mexic, Canada, Eurpe, UK, Russia, Germany, France, Nrway, Rest f Eurpe, Asia-Pacific, China, India, Japan, Taiwan, Suth Krea, Rest f Asia-Pacific, LAMEA, Latin America, Middle East, Africa
Other prminent players in this market include: Thameswey Energy Ltd, SEC Industrial Battery C., Lgan Energy Ltd, EnerFuel Inc., Dantherm, Frnius Internatinal GmbH, Greenlight Innvatin, Her Future Energies, Acta S.p.A., Pwercell Sweden AB, SGL Grup
Place a direct purchase order on this report at http://www.orbisresearch.com/contact/purchase/214536 .
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Hector Costello
Orbis Research
+1 (214) 884-6817
email us here
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
