Press release
Why the Fuel Cell Market Is Set To Explode? | Global Players are Hydrogenics, Ballard Power Systems, Bloom Energy, Panasonic, Plug Power, Toshiba, FuelCell Energy
Fuel Cell Market
Concurrently, an upsurge in the demands for stationary power sources across the remote areas backed with stringent government policies are likely to drive the market growth globally. Say for instance, the Department of Energy in 2018 declared investing nearly 39 million on the development of the fuel cells alongside the hydrogen fueling infrastructure across North America.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Hydrogenics
2. Ballard Power Systems
3. Bloom Energy
4. Panasonic
5. Plug Power
6. Toshiba
7. FuelCell Energy
The global fuel cell market is expected to witness a significant growth trajectory attributed to the burgeoning need for space heating across commercial and residential sectors coupled with persistent efforts towards hydrogen fueling station development.
Many private and public establishments are stepping up their investment activities towards energy conservation. This proliferating financial support in tandem with advantageous government initiatives facilitating the advancements of sustainable energy technologies will be a tremendous driving factor in fuel cell market growth over the forecast period.
Introduction of favorable governmental policies intended toward the growth of sustainable energy technologies paired with proliferating investments by the private and public organizations would impel the global fuel cell market outlook during 2019-2025. A major breakthrough in this context is the achievement by the government of China in 2019. The government proposed to develop 20 hydrogen fueling stations and over 3,000 vehicles in Hubei Province by the end of 2020.
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