How COVID-19 Pandemic Impact on Aircraft Fuel Cells Market? - Airbus, ZeroAvia, Boeing, Hydrogenics

The global aircraft fuel cell market is expected to grow at a sluggish growth rate during the forecast period according to the AMA study. This is owing to the current aviation industry crisis due to the coronavirus pandemic across the world. The aviation industry is expected to witness reduction in revenue of approximately USD 63-113 billion in 2020. The aircraft fuel cell technologies are now being used in general aviation airplanes and other small sized aircraft. The demand for fuel cells for commercial aircraft is still not developed fully. Therefore, the growth of this market is expected to decline for the next few years of the forecast period.

Advance Market Analytics released the research report of Global Aircraft Fuel Cells Market, offers a detailed overview of the factors influencing the global business scope. Aircraft Fuel Cells Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Aircraft Fuel Cells. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Ballard Power Systems (Canada), Boeing (United States), Airbus (France), Hydrogenics (Canada), NUVERA FUEL CELLS, LLC (United States), EnergyOR, a Plug Power company (Canada), ZeroAvia, Inc. (United States), FFC, Inc. (United States), Safran (France), CJ Aerospace (Australia), Eagle Fuel Cells-ETC Inc. (United States), Eagle Manufacturing Corp (United States), Hartwig Aircraft Fuel Cell Repair (United States) and HES Energy Systems (Singapore).

Our new sample is updated which correspond in new report showing impact of COVID-19 on Industry. The global pandemic of Covid19 calls for redefining of business strategies. This report includes the impact analysis necessary for the same. Taking into account rapidly changing economic conditions, Analyst of AMA has estimated best and worst-case scenarios for global growth till 2025.

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Market Drivers
o Growing Demand to Reduce Aircraft Carbon Emissions Owing to Rising Aircraft Carbon Emissions
o Increasing Global Aircraft Sales & Fleet Propelled by Rising Passenger Traffic
o Increasing Government Fundings for the Development of Hydrogen Fuel Cells
o Growing Adoption of Military UAVs Propelled by Increasing Global Defense Expenditure

Market Trend
o Rising Adoption of Hydrogen Fuel Cell Technologies Across Aviation Industry
o Development of Fuel Cell Powered Aircraft for Aviation Sports

Restraints
o Strong Negative Impact of COVID-19 Outbreak in the Aviation Industry is Expected to Reduce the Adoption of Technology Among the End Users due to Slow Down of Industry Investments

Opportunities
o Introduction of Zero-Emission Hydrogen Fuel Cell-Powered Aircraft will Create Huge Opportunity for Vendors to Expand their Business in General Aviation & Military Aircraft Categories
o Implementation of Fuel Cells in UAVs Propelled by Growing Demand for Long-Range Military UAVs

Challenges
o Challenges in Identifying Leaks in Hydrogen Fuel Tanks
o Challenges in Replacement of Existing Aviation Infrastructure
o High Cost of Hydrogen Fuel Cells

In August 2019, ZeroAvia launched a new hydrogen fuel cell powertrain for the aviation industry which aims to deliver the same performance as a conventional aircraft engine. Moreover, in December 2018, Hydrogenics announced that it has been selected to design and supply fuel cell power modules for a new lightweight aircraft that is being manufactured by an undisclosed customer due to competitive reasons.
In April 2019, The European Commission defined a set of environmental goals for the Flight Path 2050 which aims 75% CO2 reduction, 90% NOx reduction, and 65% perceived noise reduction.

The Global Aircraft Fuel Cells Market segments and Market Data Break Down are illuminated below:
by Type (Hydrogen Fuel Cells, Methanol Fuel Cells, Solid Oxide Fuel Cells, Polymer Electrolyte Membrane Fuel Cells, Others), Application (Commercial, Military), End Use (Original Equipment Manufacturers, Aftermarket), Aircraft (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, UAVs)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Aircraft Fuel Cells Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Aircraft Fuel Cells market
Chapter 2: Exclusive Summary - the basic information of the Aircraft Fuel Cells Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Aircraft Fuel Cells
Chapter 4: Presenting the Aircraft Fuel Cells Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Aircraft Fuel Cells market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Aircraft Fuel Cells Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Aircraft Fuel Cells Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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