Fuel Cell Technology Market 2021 | Present Scenario and Growth Prospects 2029: Trends Market Research

Global Fuel Cell Technology Market is expected to grow at a CAGR of 16.2% during the forecast period. Growing private as well as public investments is influencing the market growth. However, factors such as high catalyst cost and lack of proper fuel infrastructures are hampering the market growth.

Fuel cells are used for converting chemical energy into electrical energy. However, the fuel is mainly full from the outside; thus making these cells feel as if the engine is converting fuel power without actually burning it. In addition, the dramatic shift and focus towards generation of renewable energy coupled by government initiative has kept the future of the market robust.

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Based on the type, proton-exchange membrane fuel cell segment have a huge demand across the world due to higher power to area ratio than the other types due to the higher associated installation costs. By geography, North America is expected to grow at a faster rate due to increasing the demand for the fuel cell by improving the infrastructure and decreasing the cost of the fuel cells.

Some of the key players in Fuel Cell Technology market include AFC energy (UK), Ballard Power Systems Inc., Ceramic Fuel Cell, Doosan Corporation, FuelCell Energy, Hydrogenics, Kyocera (Japan), Panasonic Corporation, Plug Power and Toshiba Corporation.

Types Covered:
• Alkaline fuel cells (AFC)
• Direct carbon fuel cells (DCFC)
• Direct Methanol Fuel Cell
• Microbial fuel cells (MFC)
• Molten Carbonate Fuel Cell
• Phosphoric Acid Fuel Cell
• Proton-Exchange Membrane Fuel Cell
• Protonic ceramic fuel cells (PCFC)
• Solid Oxide Fuel Cell
• Zinc air fuel cells (ZAFC)
• Other Types

Fuel Types Covered:
• Anaerobic Digester gas
• Hydrogen
• Methanol
• Natural gas/ Methane
• Other Fuel Types

Applications Covered:
• Transport
• Stationary
• Portable

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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