Press release
Hydrogen and Fuel Cells 2018 Market is Expected to Grow at 25.09 % CAGR by Forecast to 2025 | Global Industry Competitive Analysis: Plug Power Inc. , Intelligent Energy Holdings plc , Hyster-Yale Group
The major economies around the world have currently implemented specific plans to promote clean energy by focusing on hydrogen fuel cell technology. The high efficiency of the fuel cell system comes along with lower capital expenditures for backup power equipment. All these initiatives will highly influence the growth rate of hydrogen fuel market. Ene.field will deploy up to 1,000 residential fuel cell Combined Heat and Power (micro-CHP) installations, across 11 key European countries till 2020. Also, Tokyo Gas under Ene-farm Japan Programme aims to sell 300,000 home-use fuel cell system by 2020.
Global Hydrogen and Fuel Cells Market is expected to grow with the CAGR of approximately 25.09% during the forecast period.
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Leading Key Players:-
The key players of global hydrogen and fuel cells market are Panasonic Corporation (Japan), FuelCell Energy, Inc. (U.S.), Plug Power Inc. (U.S.), Intelligent Energy Holdings plc (U.K.), Hyster-Yale Group (U.S.), Ballard Power Systems. (Canada), Doosan Fuel Cell (U.S.), Nedstack fuel cell technology BV. (Netherlands), Hydrogenics Corporation (Canada), Pearl Hydrogen (China), and Horizon Fuel Cell Technologies (Singapore).
Scope of the Report:-
This study provides an overview of the global Hydrogen and Fuel Cells market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Hydrogen and Fuel Cells market by type, by type, by application, and by regions.
Global Hydrogen and Fuel Cells Market, By Type
• Air-Cooled Type
• Water-Cooled Type
Global Hydrogen and Fuel Cells Market, By Application
• Stationary
• Transport
• Portable
Global Hydrogen and Fuel Cells Market, By Region
• Americas
• Europe
• Asia Pacific
• Middle East & Africa
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Global Analysis:-
The global hydrogen and fuel cells market is segmented by prominent regions such as, Americas, Europe, Asia Pacific and Middle East & Africa. Americas was the first-largest market in 2016, & valued at USD 753.1 million. The American countries, more precisely north American countries fuel cell deployments have been encouraged by federal research and development (R&D) and demonstration programs, and supported by federal tax incentives for FCVs, hydrogen infrastructure, and fuel cell stationary power generation, it is the support and investment by state governments that have propelled the use of fuel cell and hydrogen technologies in certain parts of the country. Hence, Americas hydrogen and fuel cells market is projected to grow at a CAGR of 24.72%. Asia Pacific is another major market for hydrogen and fuel cells. It accounted for the market share of 28.47% in 2016 with a market value of USD 461.7 million.
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