Press release
Market Outlook : Fuel Cell Market Globally Grow at a CAGR of 22.76% by Revenue During the Period 2016-2020
About Fuel CellFuel cells produce electricity by utilizing the power generated from electrochemical reactions. They use external sources of chemical energy such as hydrogen and oxygen to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons. The electrons then flow through the external circuit producing an electric current. All fuel cells are based on a standard design, wherein two electrodes are separated by an electrolyte. The electrolyte carries electrically charged particles. A catalyst is used to speed up or accelerate the electrochemical reaction within the fuel cells. Fuel cells can be used in small devices that are powered by a few watts of electricity and also in large power plants that produce megawatts (MW) of electrical energy. Fuel cells are categorized by the nature of the electrolyte used in them.
Technavios analysts forecast the global fuel cell market to grow at a CAGR of 22.76% during the period 2016-2020.
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Covered:
The report covers the present scenario and the growth prospects of the global fuel cell market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped to demarcate the market contours.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Fuel Cell Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ballard Power Systems
Bloom Energy
Nuvera Fuel Cells
SFC Energy
Other prominent vendors
ACAL
Acumentrics
Aisin
Altergy Systems
Ceramic Fuel Cells
Ceres Power
Delphi Automotive Systems
DMFCC
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