Press release
Fuel Cell Technology 2018 Market Size and Share | Global Industry Cost Structure Analysis, Leading Key Players Review and Potential of the Industry Till 2027
Hydrogen is being used extensively in the fuel cell technology. Hydrogen can be manufactured from a wide range of sources, which generates an opportunity for many countries in reducing their dependence on the imported energies. Hydrogen, which is being produced as a by-product by many industries, is also capable of being used in the electric cars. The most efficient and economical method of production of the hydrogen is the electrolysis of water.
The latest trend which will be followed by the fuel cell technology market is the expected reduction in the price of fuel cell systems. Technological advancements are leading to the development of new techniques of manufacturing of fuel cells, which is further supporting the reduction of the fuel cells being used in the automotive industry. Furthermore, the original equipment manufacturers are focusing extensively on the cost reduction and the deployment of the adequate refueling infrastructures.
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Market Research Future, with their unique quality of simplifying the Market Reports, publishes yet another brilliant study Report - “Global Fuel Cell Technology Market”.
“Global Fuel Cell Technology Market” report takes you through the full Market Analysis, Opportunities, Price, Growth, Trends and Featuring the market Predictions right up to the years 2024 and helps you to find out:
• How the market revenue is progressing globally.
• What are the key driving or affecting factors for the market growth?
• How the market revenue is progressing in various segments & geographies.
• What are the current main market trends responsible for shaping up the Market Acquisitions
Industry Top Key Players:-
Some of the major market players in Global Fuel Cell Technology Market include AFC Energy PLC; Ceres power Holdings PLC, Genport SRL, SFC energy AG, TOPSOE Fuel cell, and Ned stack fuel cell Technology among others.
Global Fuel Cell Technology Market – Segmentation
Global Fuel cell technology market can be segmented into fuel types, method, applications and by country.
1. Global Fuel cell technology market by Fuel types:
• Hydrogen
• Natural gas/ Methane
• Methanol
• Anaerobic Digester gas
• Others
2. Global Fuel cell technology market by Method:
• Polymer/ Proton exchange membrane fuel cells (PEM)
• Solid oxide fuel cells (SOFC)
• Molten carbonate fuel cells (MCFC)
• Phosphoric acid fuel cells (PAFC)
• Direct methanol fuel cells (DMFC)
• Alkaline fuel cells (AFC)
• Direct carbon fuel cells (DCFC)
• Zinc air fuel cells (ZAFC)
• Protonic ceramic fuel cells (PCFC)
• Microbial fuel cells (MFC)
• Others
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3. Global Fuel cell technology market by Applications:
• Stationary
• Transportation
• Portable electronics
• Others
4. Global Fuel cell technology market by Country:
• Germany
• United Kingdom
• Rest of Europe
Fuel Cell Technology Market – Regional Analysis
The global fuel cell technology market is expected to be dominated by Asia Pacific region. The growth of this market is expected to be driven by the increase in investments for the fuel cell installations, especially by countries such as China and Japan among others. The increasing awareness towards the reduction of energy consumption is also driving the growth of the market.
The Europe region is also expected to grow with rapid pace in the fuel cell technology market. The European Union has also allocated funds from the TEN-T transport infrastructure programme for funding the Hydrogen Infrastructure Project (HIT). The major objective of implementing this project is to form an interconnected hydrogen network between the Netherlands, Denmark, Sweden, and France.
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