Future Scope of Hydrogen Fuel Cells Market 2019: Analysis by Top Key Vendors (Fuelcell Energy, Ballard Power, Toshiba, Doosan Fuel Cell, Horizon, Intelligent Energy) | Global Forecast to 2023
Global Hydrogen Fuel Cells Market Overview:
This report studies the Global Hydrogen Fuel Cells Market over the forecast period of 2019 to 2023. The Global Hydrogen Fuel Cells Market is growing continuously and expected to grow healthy CAGR by Forecast year 2023.
According to the market report analysis, Hydrogen Fuel Cells are a device that changes over hydrogen and oxygen into water, and in the process, produces electricity. In a hydrogen fuel cells device, the progression of chemicals into cells is consistent; in this way guaranteeing the battery does not go dead. Hydrogen fuel cells are being utilized as an alternative fuel in automobiles, in portable power systems, and furthermore for power age. It is normal that the Global Hydrogen Fuel Cells Market will develop at a healthy rate in the period from 2018 to 2023, because of a developing requirement for clean vitality.
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The Global Hydrogen Fuel Cells Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Hydrogen Fuel Cells Market is classified into Air-cooled Type and Water-cooled Type. On the basis of Application, the Global Hydrogen Fuel Cells Market is sub-segmented into Stationary, Transport, Portable and others.
As per the regional analysis, APAC is leading in the market and will continue to expand at a significant CAGR in the coming years. The growing use of hydrogen fuel cells in South Korea and Japan in hybrid cars coupled with strict environmental norms are behind the growth of this market. North America followed by Europe is also expected to be potential markets for hydrogen fuel cells. A subsidy on purchase of hybrid vehicles is one of the key factors driving the growth of the market in these regions.
Latest Industry News:
FuelCell Energy (May 13, 2019) – FuelCell Energy Closes on the Acquisition of the 14.9 Megawatt Bridgeport Fuel Cell Park from Dominion Energy – FuelCell Energy, Inc., a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced that it has closed on the acquisition of the 14.9 megawatt fuel cell park in Bridgeport, CT with Dominion Energy. FuelCell Energy developed, constructed and commissioned the Bridgeport fuel cell park in December of 2013. Since its commissioning, FuelCell Energy has operated and maintained the plant under a service agreement with Dominion Energy.
"The addition of this project asset to our generation portfolio is a major step towards our long-term strategy to diversify our generation portfolio, transitioning FuelCell Energy into a services focused business that delivers recurring revenue with strong EBITDA margins for our stockholders,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. “We certainly extend our appreciation to Liberty Bank, Fifth Third Bank, and the Connecticut Green Bank for their support and recognition of the social and economic benefits our fuel cell solutions deliver.”
Top Leading Key Manufacturers are: Ballard Power, Toshiba, PLUG Power, Fuelcell Energy, Hydrogenics, Doosan Fuel Cell, Horizon, Intelligent Energy, Hyster-Yale Group, Nedstack, Pearl Hydrogen, Sunrise Power and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Hydrogen Fuel Cells Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Ballard Power, Toshiba, PLUG Power, Fuelcell Energy, Hydrogenics, Doosan Fuel Cell, Horizon, Intelligent Energy, Hyster-Yale Group, Nedstack, Pearl Hydrogen, etc. are some of the key vendors of Hydrogen Fuel Cells across the world. These players across Hydrogen Fuel Cells Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Hydrogen Fuel Cells in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Hydrogen Fuel Cells Market Report 2019” @ https://www.businessindustryreports.com/buy-now/141278/single .
Major Points in Table of Contents:
Global Hydrogen Fuel Cells Market Report 2019
1 Hydrogen Fuel Cells Product Definition
2 Global Hydrogen Fuel Cells Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Hydrogen Fuel Cells Shipments
2.2 Global Manufacturer Hydrogen Fuel Cells Business Revenue
2.3 Global Hydrogen Fuel Cells Market Overview
3 Manufacturer Hydrogen Fuel Cells Business Introduction
3.1 FuelCell Energy Hydrogen Fuel Cells Business Introduction
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