Fuel cell market to garner heavy returns from the stationary and transport applications| By Key Players: Plug Power, SFC Energy AG, Ballard Power Systems, Nedstack Fuel Cell Technology, Bloom Energy, Panasonic, Toshiba

The U.S. and Europe are undeniably the expansion hubs for Fuel Cell Market in the years ahead, primarily on account of the rising number of government initiatives and increased commercialization of the fuel cell technology. While the Department of Energy of the USA has announced the investment of $130 million towards developing hydrogen fueling infrastructure in the country in 2015, the UK government invested $30.6 million towards developing hydrogen fuel vehicle infrastructure in 2017. China has emerged as a major revenue contributor of APAC fuel cell market with a target CAGR estimation of 20% over 2017-2024, driven by the country’s widespread manufacturing of fuel cell driven buses, trucks and light vehicles and the favorable policy support provided by the Chinese government.

Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/621

The massively increasing demand for renewable energy has served as a major boost to fuel cell market, the growth graph of which is projected to display a marked ascent over 2017-2024. It is prudent to note that a fuel cell is rather different from a battery – it is basically an electrochemical mechanism that can produce electricity through the combination of hydrogen and oxygen and is a renewable source of energy that keeps generating electricity as long as the combination of source fuels is available.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Hydrogenics Corporation
• Ballard Power Systems, Inc.
• Nedstack Fuel Cell Technology
• Bloom Energy
• Panasonic
• Plug Power
• SFC Energy AG
• Toshiba
• Doosan Fuel Cell America
• Aisin Seiki Co., Ltd.
• Arcola Energy
• Ceres Power Holding
• Nuvera Fuel Cells
• Horizon Fuel Cell Technologies
• HES Energy Systems
• AFC Energy PLC
• Fuel Cell Energy
• Fuji Electric

As the fuel is not burnt in power generation, it is an unobtrusive process and truly pollution free with zero carbon dioxide emission, which is one of the principal concerns of most industry verticals worldwide. As governments in various nations are undertaking positive steps to decrease carbon dioxide emissions, fuel cell industry share is projected to climb exponentially high in the next few years.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/621

Fuel cell industry growth is driven by three main application segments, namely stationary power, transportation and portable power. It is imperative to state that stationary applications among these would emerge as one of the most profitable segments of fuel cell market, driven by the demand for heating in commercial, residential and industrial spaces. Furthermore, the requirement of backup power sources in schools, hotels, hospitals, telecommunication base stations, and data centers will also propel the stationary fuel cell market. Portable fuel cell market size on the other hand, will be augmented by the product’s widespread usage as a power source for laptops, torches, radios, MP3 players, cameras etc. Subject to the product’s rapid rechargeability, reliability, longer run time and low operating cost, portable fuel cell industry is projected to generate significant revenue in the forecast period.

It is noteworthy to mention that analysts forecast transport applications to be inherently responsible for propelling fuel cell market to the farthest extent. Japan and Korea for instance, had introduced light duty fuel cell operated vehicles, post which the concept gained huge prominence. Most of the heavy automotive hitters such as Honda, Hyundai, Ford, Toyota, etc., have now manufactured their own fuel cell electric vehicles. The rapid increase in the production of fuel cell driven buses, forklifts, airplanes, motorbikes and boats vividly indicate that fuel cell industry stands to substantially profit from the expanding electric vehicle market.

Browse Full Report @ https://www.gminsights.com/industry-analysis/fuel-cell-market

As regional and international governments and regulatory bodies across the globe are intent toward decreasing carbon emissions, the popularity of fuel cells is expected to soar as an alternate power source, driven by its renewable and cost-effective nature. With the robust growth witnessed across global renewable energy sector, it is projected that fuel cell industry size would surpass 900 megawatts by 2024 in terms of volume, with an estimated target valuation of USD 6 billion at the end of seven years in terms of revenue.

Browse Related Report:
Dynamic Application Security Testing (DAST) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/dynamic-application-security-testing-dast-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

This release was published on openPR.