Fuel Cell Technology Market New Advancement in Technologies, Top Key Players Growth Strategy, Industry Insights, Revenue Analysis and Forecast to 2027

Pune, India, 16 Aug, 2018 / Press Release/- Global Fuel Cell Technology Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Fuel Cell Technology Market – Overview

The Global fuel cell technology market is growing with the rapid pace; mainly due to the increasing applications of fuel cells in power suppliers, automobile, residential builders and electronic companies. According to a recent study report published by the Market Research Future, The global fuel cell technology market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).

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Top Key Players:-

Ballard Power Systems Inc. (Canada), Hydrogenics (Canada), Nuvera Fuel Cells (U.S.), Oorja Fuel Cells (U.S.), AFC Energy PLC (U.K.), Air Products and Chemicals, Inc. (U.S.), Automotive Fuel Cell Cooperation (Canada), Cellkraft AB (Sweden), EnergyOR Technologies Inc. (Canada), H2 Logic A/S (Denmark), Intelligent Energy (U.K.) and Proton Motor Fuel Cell GmbH (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Fuel Cell Technology Market.

Industry/ Innovation/ Related News:

September 2017 - Ballard Power Systems has accepted a Letter of Intent to provide FCveloCity-HD 100-kilowatt fuel cell engines with the objective to power 8 ExquiCity tram-buses which are being built by Van Hool NV. The fuel cells would be used by these clean energy hybrid tram-buses for providing primary power. In case of need of the additional power, lithium batteries would be used and the only emission is water vapour. These hybrid fuel cell tram-buses offer a wide variety of benefits such as high levels of passenger comfort and safety, the highest level of operational flexibility and productivity and lower cost than a traditional tram.

August 2017 - Nuvera Fuel Cells deployed a zero-emissions fuel cell bus and hydrogen refueling station in Boston. The National Fuel Cell Bus Program will help to bring the fuel cell and hydrogen technology into everyday use and expand clean transportation. The Fuel cells increase fuel economy, reduce the use of petroleum, and advances the U.S. energy independence, since hydrogen is produced domestically.

November 2015 - Hydrogenics signed separate supply agreements with several Chinese electric vehicle integrators to bring its fuel cell and fueling station technology to China. This was primarily done with the objective of solving the prevalent air quality issues in the region.

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Fuel Cell Technology Market – Segmentation

The Fuel Cell Technology Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by fuel type- Hydrogen, Natural Gas/Methane, Methanol
Segmentation by technology- Polymer/ Proton exchange membrane fuel cells (PEMFC), 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) and Others
Segmentation by application - Stationary, Transportation, Portable electronics
Segmentation by Regions: North America, Europe, APAC and Rest of the World.

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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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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