openPR Logo
Press release

What's driving the Fuel Cell Market Share? Key major players are Fuji Electric, Hydrogenics Corporation, Plug Power, Nuvera Fuel Cells, Bloom Energy, Toshiba

03-26-2020 10:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from:

/ PR Agency:
Fuel cells Market

Fuel cells Market

Fuel cells can be utilized in a wide array of applications which includes material handling, stationery, transportation, emergency, and portable backup power applications. The demand for these cells is increasing since they can function at higher efficiencies and have the ability to transform the chemical energy in the fuel to electrical energy with efficiencies of up to 60%.

Fuel cell market is projected to chalk out a highly remunerative growth graph over the forthcoming timeframe. A fuel cell is a device can convert chemical potential energy into electrical energy. A proton exchange membrane (PEM) cell uses both oxygen and hydrogen gas as fuel. The products of the reaction in the cell are heat, water, and electricity. This being the biggest improvement over internal combustion engines, nuclear power plants, coal burning power plants, all of which produce very harmful byproducts during their operations. Fuel cells are distinctive in terms of the variety of their possible applications. They can also give power for systems that are as large as a utility power station and as small as a laptop computer.

Request a sample Report of Fuel Cell Market at:

They also boast of lower emission levels than conventional combustion engines. In fact, hydrogen fuel cells release only water, so there are no emissions of carbon dioxide as well as no air pollutants that usually create smog as well as causes health problems at the point of operation.

Based on product, the market is segmented into PEMFC, SOFC and DMFC. PEMFC that is proton exchange membrane fuel cell uses acidic polymer membrane that is water based as its electrolyte with electrodes that are platinum based. PEMFC cells operate at low temperatures with a capability to tailor electrical output to meet dynamic power requirements.

DMFC are used in applications with modest power requirements like chargers or mobile electronic devices, and portable power packs.

Portable fuel cells, which are generally lightweight, long-lasting power sources, possess the ability to delay the amount of time a device could be used without recharging. Portable fuel cell applications include power tools, battery chargers, underwater vehicles, laptops, unmanned aerial vehicles, military equipment, unattended sensors, and cellular phones.

Furthermore, the SOFC uses a solid oxide electrolyte to perform negative oxygen ions from the cathode to anode. They have a wide array of applications right from stationary power generation with outputs ranging from 100W to 2MW to use as auxiliary power units in vehicles.

With respect to applications, the market is classified into stationary, transport, and portable. Fuel cells can be used for many transportation applications which includes buses, automobiles, scooters, bicycles and automobiles. Most fuel cell demonstration vehicles have been created to suit each of these vehicle types.

The stationary power applications, meanwhile, have been used commercially for about twenty years. Stationary fuel cells are used to power houses which are not connected to the grid or to give supplemental power. These fuel cells often use natural gas as a fuel source, unlike other fuel cell types. The U.S., Japan, and Germany have the largest number of stationary fuel power stations.
The above-mentioned applications are expected to propel the fuel cell market growth in coming years.

From a regional frame of reference, the ongoing electrification program by government authorities to provide electricity across remote & off-grid areas will drive the Middle East & Africa fuel cell market growth.

The Latin America fuel cell market growth is projected to witness tremendous growth owing to increasing investments toward development of hydrogen infrastructure and deployment of FCV's.

Ask for Discount on Fuel Cell Market Report at:

Contact Us:
Market Study Report LLC.
4 North Main Street,
Selbyville, Delaware 19975
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150

About Us: allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

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 What's driving the Fuel Cell Market Share? Key major players are Fuji Electric, Hydrogenics Corporation, Plug Power, Nuvera Fuel Cells, Bloom Energy, Toshiba here

News-ID: 1985514 • Views: 259

More Releases from

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases

More Releases for Fuel

Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
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,