Regenerative Fuel Cell (RFC) Technologies market Going Beyond Trends To Drive Industry Forward | Hitachi Group, Infinity Fuel Cell and Hydrogen, Inc.

A regenerative fuel cell uses oxygen and hydrogen for the production of water, electricity, and waste heat. In a regenerative fuel cell, the conversion of fuel cell reactants into products and reconversion of fuel cell products into reactants are the two stages involved in the process of producing electrical energy. This type of fuel cell can store extremely high specific energy as compared to the other fuel cells such as methanol fuel cell, polymer electrolyte membrane (PEM) cell, and others. According to the U.S. Department of Energy, the packed specific energy in RFC is up to 1,000 W-hr/Kg whereas that of nickel/cadmium (Ni/Cd) and Lithium ion (Li/ion) batteries is less than 100 W-hr/Kg.

Rising usage of regenerative fuel cells both commercial and non-commercially, owing to factors such as high reliability, environmentally friendly, and renewable energy conversion is one of the major factors that is expected to drive growth of regenerative fuel cell technologies market over the forecast period. RFCs have wide range of applications such as backup or emergency power generation, storage of energy for remote off-grid power sources, high-altitude, long-endurance solar rechargeable aircraft, and hybrid energy storage/propulsion systems for spacecraft.

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Market Taxonomy

On the basis of product type, the regenerative fuel cell technologies market is segmented into:
Alcohol Fuel
Hydrogen Oxygen Fuel
Others

On the basis of application, the regenerative fuel cell technologies market is segmented into:
Solar Panels
Spacecraft
Automotive Vehicles
Others

On the basis of end-use industry, the regenerative fuel cell technologies market is segmented into:
Commercial
Non-commercial

However, high cost of operation and maintenance is restraining the growth of regenerative fuel cell technologies market. Furthermore, low availability of fuel and low durability of fuel cells, especially at elevated temperatures are factors negatively affecting the growth of RFC technologies market.

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North America is projected to exhibit a significant growth in global regenerative fuel cell technologies market over the forecast period, owing to increasing demand for clean energy. The government of the U.S. is investing in clean energy to meet this increasing demand. According to the U.S. Department of Energy, investment in clean energy grew by over 4% compared to last year, globally and in the U.S., with an increase of 10%, the investment totaled US$ 45 bn in 2015. Furthermore, manufacturers are focusing towards developing manufacturing plants, in order to meet the increasing demand for fuel cells, thereby fueling growth of the market. For instance, in March 2017, Honda and General Motors (GM) developed a new hydrogen fuel cell manufacturing plant to produce advanced hydrogen fuel cells in the U.S.

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