Fuel Cells Market – Future Adoption Overview 2025 | Hydrogenics Corporation, Panasonic Corporation
Fuel cell technology has risen in prominence as a combustion-free conversion device for producing electricity, apart from producing heat and water. They can be made to power systems in variety of stationary application, particularly in backup power systems, and are more efficient than most conventional combustion engines. Hydrogen is one of the most versatile fuels used and its demand has gained traction in modern fuel cell vehicles in various developing and developed regions. Other fuels used include natural gas, ethanol, methanol, and biogas. Fuel cells are scalable and can power backup systems almost indefinitely, as long as the supply of the fuel is maintained. The pressing demand for cleaner fuel sources and technologies with low-carbon footprint, coupled with the burgeoning demand for electricity in numerous developing and developed economies, is a notable factor stoking the demand for fuel cells. The growing demand for non-conventional sources of energy, attributed to fast depleting sources of fossil fuels world over, is a crucial factor bolstering the demand for fuel cells. In addition, stringent implementation of regulatory norms for reducing carbon emissions in emerging economies is a key development boosting the market. The versatility of applications of fuel cells and their scalability are significant factors expected to bolster their uptake. In addition, fuel cells can easily be combined with other standard energy technologies, notably batteries, solar panels, wind turbines, and super-capacitors. This is a crucial factor fortifying the demand. In recent times, substantial research and development activities related to fuel cell vehicles and their growing adoption are key factors expected to accentuate the market growth. Furthermore, the growing investment by governments in several developing and developed countries is a prominent factor expected to provide a robust impetus to the growth of the market.
Request Sample Copy of the Report @
Global Fuel Cells Market: Overview
Fuels cell is a fairly recent technology that is used as a source of heat and electricity in various spaces such as commercial, industrial, and residential sectors. They generate power without movement of any parts or combustion and thus are known to be noise-free technologies. The most popularly used form of fuel cell is PEMFC due to their ability to fit in a wide range of applications.
Global Fuel Cells Market: Drivers and Trends
The primary usage of fuel cells is to provide backup for a certain period of time or so long as the fuel is supplied to them. Thus, fuel cells are extensively being used in stationary applications such as backup power systems and CHP, portable applications such as consumer electronics, and the transportation sector. Though the usage of fuel cells for transportation sector is limited, the ongoing research and development will offer efficient fuel cell systems in vehicles, thereby boost the segment’s progress.
The soaring rise of the global fuel cells market is also attributable to the dire need of cleaner fuel sources, depleting conventional sources of energy, and rising pollution. Analysts expect that the market will also be driven by the growing demand for electricity and strict regulatory norms to reduce carbon emissions. The uncontrollable rise in population and the excessive dependency of the mankind on fossil fuels has fueled the demand for fuel cells in recent years. The report states that rising temperatures and greenhouse emissions will also be responsible for the uptake of fuels cells in the near future.
Request TOC of the Report @
Global Fuel Cells Market: Market Potential
The changing outlooks of governments are also expected to have a positive impact on the growth of the global fuel cells market. For instance, the Government of Canada has committed to support technologies that will benefit the environment and offer jobs that will promote cleaner and greener output. In tandem with this sentiment, the government announced its plans to invest US$10 million non-repayable contribution to the Automotive Fuel Cell Cooperation (AFCC). This organization is a joint venture run by German-based Daimler AG and Ford Company.
Global Fuel Cells Market: Regional Outlook
Geographically, the global fuel cells market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific is projected to lead the global market in the coming years. Analysts anticipate that Japan will dominate the region as the demand for power and combined heat systems rises in the country. The rise of hydrogen power plants in several emerging countries of Asia Pacific are also anticipated to augment the demand for fuel cells in the coming years.
The rapid technological advancements and the supportive regulatory scenario in North America is expected favor the region’s progress in the global fuel cells market in the near future. As of 2015, the region held a 50% share in the installed capacity and is projected to show its dominance during the forecast period as well.
Read Comprehensive Overview of Report @
Key Players Mentioned in this Report are:
Some of the leading players operating in the global fuel cells market are AFC Energy PLC, Doosan Fuel Cell America, Inc., Ballard Power Systems Inc., FuelCell Energy, Inc., Nedstack Fuel Cell Technology B.V., Hydrogenics Corporation, Panasonic Corporation, Plug Power, Inc., Toshiba Corporation, and SFC Energy AG.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends. Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fuel Cells Market – Future Adoption Overview 2025 | Hydrogenics Corporation, Panasonic Corporation here
News-ID: 1272464 • Views: 249
More Releases from TMR Research
KEY OPINION LEADER MANAGEMENT MARKET SCOPE, SEGMENTATION, DEVELOPMENT AND OPPORT …
Global Key Opinion Leader Management Market: Snapshot Key opinion leaders (KOLs) are trustworthy, influential, and experts of a particular field in the healthcare industry. Relationships of a firm with these KOLs is of great importance to manage and build a strong healthcare profile. These key opinion leaders go a long way towards educating the scientific and medical communities as well as help in increasing awareness pertaining to the recent developments in
SMART WATER GRID MARKET NEWER SEGMENTS OF APPLICATION 2025
Global Smart Water Grid Market – Snapshot The global smart water grid market is foreseen to experience its development prodded on the back of the prerequisite of managing old infrastructure, rise in information and communication technology (ICT), gap between supply and demand, water shortage, and several other factors. So as to guarantee smooth supply of water and keep a tab on its equal supply, smart water grid technology is expected to
DIGITAL UTILITY MARKET EXPANSION PROJECTED TO GAIN AN UPTICK DURING 2025
Global Digital Utility Market: Snapshot In the midst of surging demand for quick digitalization and green energy in the energy segment, the interest for digital utility system is rising notably. Penetration of digital innovations in the vitality sector and programs in nations, for example, India and China expected to fulfil local needs are foreseen to feed the demand for digital utility solutions. Get Exclusive PDF Sample Copy Of This Report: https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3398 Rise in
WEB CONTENT MANAGEMENT MARKET VALUE PROJECTED TO EXPAND BY 2025
Global Web Content Management Market: Snapshot The global web content management market is anticipated to gain impetus due to the need for organizing and appropriately using content across various marketing channels such as social media and mobile, and not just the web. Web content management allows users to have a seamless web experience while helping organizations to digitally market their products and services. It helps both technical and non-technical users to
More Releases for Fuel
Clean Fuel Technology Market – Development Assessment 2025 | Clean Fuel Develo …
Global Clean Fuel Technology Market: Overview Clean technology in general implies the use of any service, product, or system that has as little of a negative impact on the environment as possible. Aspects of clean technology include the conservation of energy, sustainable resources, and clean sources of fuels. Clean fuels can refer to the use of renewable fuels such as biogas, or also blended fuels such as fossil fuels with renewable
Fuel Card Market 2022
Fuel cards also known as fleet cards are being used to make payments for fuels, maintenance and repair of vehicles. These cards are mostly used by businesses managing fleet of vehicles. Fuel card market is witnessing lot of partnerships as many fuel companies are offering their own branded fuel cards. Fuel card issuers are also focusing on telematics, enabling the fleets to save on fuel. Wireless fueling is an emerging
Fuel Cell Interconnectors Market By Product Type Ceramic based, Metal based; By …
Global Fuel Cell Interconnectors Market Introduction A fuel cell is a battery that generates electricity through an electrochemical reaction where the fuel cell interconnector is a layer made up of either ceramic or metallic material, which combines the electricity generated by each individual cell. Fuel cell interconnectors are placed between each individual cell to connect the cells in the series. Ceramic fuel cell interconnectors are more suitable for high-temperature working conditions
Global Fuel Catalysts Market 2017- Rentar, FUEL CAT, Organica Biotech
Apex Market Reports, recently published a detailed market research study focused on the "Fuel Catalysts Market" across the global, regional and country level. The report provides 360° analysis of "Fuel Catalysts Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Fuel Catalysts industry, and estimates the future trend of Fuel Catalysts market
Fuel Cards in Portugal 2016
"Fuel Cards in Portugal 2016" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- ** Summary Fuel Cards in Portugal 2016 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to
Global Automotive Fuel System Market
The Automotive Fuel System Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Automotive Fuel System Market Dynamics: As mentioned earlier, the global automotive fuel system market is anticipated to be driven by its competitive advantages such as high power output, fuel efficiency,