Press release
Fuel Cell Market Evolving Technology and Growth Outlook 2020 to 2024 - FuelCell Energy, Inc., Ballard Power Systems Inc, Ceres Power Holdings Plc
Fuel Cell Market
Global Fuel Cell Market provides a comprehensive analysis of the global Fuel Cell market and its major regional markets. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in-depth. The global market is highly competitive consisting of several large enterprises including FuelCell Energy, Inc., Ballard Power Systems Inc, Ceres Power Holdings Plc, Doosan Corporation, Plug Power Inc. and Kyocera Corporation. The competitive landscape of the respective market, along with the company profiles of leading players are discussed in detail.
The global fuel cell market is forecasted to reach US$22.19 billion in 2024, growing at a CAGR of 22%, for the period spanning from 2019 to 2024.
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today unveiled the Company's 8th generation high performance fuel cell module, the FCmove. The culmination of product development and field experience based on almost 14 million kilometers (9 million miles) of vehicle operation, Ballard's FCmove(TM)-HD fuel cell module is compact, robust and offers an impressive reduction in lifecycle cost. Launched today, the FCmove(TM)-HD fuel cell module is the first in a family of FCmove(TM) products to be introduced and is specifically designed to meet the requirements of transit bus operators.
These major players have adopted various organic as well as inorganic growth strategies such as mergers and acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Essential points covered in Global Fuel Cell Market 2020 Research are:-
o What will the market size and the growth rate be in 2024?
o What are the key factors driving the global Fuel Cell market?
o What are the key market trends impacting the growth of the global Fuel Cell market?
o What are the challenges to market growth?
o Who are the key vendors in the global Fuel Cell market?
o What are the market opportunities and threats faced by the vendors in the global Fuel Cell market?
o What are the key outcomes of the five forces analysis of the global Fuel Cell market?
This independent 115 pages report guarantees you will remain better informed than your competition. With examining the Fuel Cell market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2024.
Furthermore, the report provides a detailed analysis of the global Fuel Cell market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
The factors such as increasing unconventional oil and gas distribution activities, growing wireless surveillance industry, rapid urbanization, increasing carbon dioxide emissions and accelerating economic growth are expected to drive the market. However, growth of the industry would be challenged by high maintenance cost of fuel cells, competitive landscape and hydrogen storage and transportation issues. A few notable trends include increasing fuel cell vehicle sales, rising adoption of fuel cell in defence sector, growing preference of hydrogen based fuel cells and supportive government policies. Typically, fuel cells are segmented on the basis of their electrolyte (alkaline, polymer, phosphoric acid & others) or temperature (low or high) for which they are designed to function.
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Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What's more, the Fuel Cell industry development trends and marketing channels are analyzed.
The research includes historic data from 2015 to 2019 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Fuel Cell on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Fuel Cell Market and assist manufacturers and investment organization to better grasp the development course of Fuel Cell Market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us: - MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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