Protonic Ceramic Fuel Cell Market: Macro-economic factors analysis, economic outlook, segments share analysis, market scenario forecast 2019-2025

Fuel cell technology has emerged as one of the promising technological advancements to fulfil the need for an environment friendly, efficient, and sustainable alternative to fossil fuels. A protonic ceramic fuel cell (PCFC) is a type of fuel cell. A material called ceramic electrolyte is utilized in PCFC, which displays high protonic conductivity at high temperatures. PCFCs have the ability to operate at high temperatures, which is essential in order to attain high electrical fuel efficiency. PCFCs can make use of a wide range of fuel sources. Some of the fuels that can be deployed are hydrocarbons, non-fossilized organic matter, coal, and wood.

PCFC is anticipated to emerge as a next generation power system owing to its associated features such as low pollutant emissions and exceptional conversion efficiency. A number of innovations are taking place in the market. For instance, the world’s smallest and lightest hydrogen fuel cell was developed by the some of the researchers in Singapore. The energy density of the fuel cell was much greater than the conventional ones.

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Key Players to Introduce Novel Products

Key players operating in the protonic ceramic fuel cell market include Ballard, FuelCell Energy, Hydrogenics, Horizon, Hyster-Yale Group, Pearl Hydrogen, Toshiba, Doosan Fuel Cell, Intelligent Energy, Nedstack, Sunrise Power, and PLUG Power. Market participants are taking up strategic initiatives such as mergers and acquisitions, partnerships, collaborations, expansions, and new product launches in order to gain a greater share in the market.

By Product Type

● PEMFC

● DMFC

● PAFC

● SOFC

● MCFC

● AFC

By Application

● Portable

● Stationary

● Transport

According to the experts, the PEMFC product type is expected to grab a major share in the PCFC market owing to its extensive usage in a wide range of applications. Besides that, it has been estimated that SOFC and MCFC product types are likely to witness significant growth in the coming years.

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