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Fuel Cell Market Size to Surpass $23,743.4 Million by 2030

11-28-2022 06:11 AM CET | Logistics & Transport

Press release from: P&S Intelligence

Fuel Cell Market Size to Surpass $23,743.4 Million by 2030

The fuel cell market size was approximately $1,799.9 million in 2021, and it is likely to advance at a colossal rate of 33.2% during 2021 to 2030 and reach $23,743.4 million, according to the market research report published by P&S Intelligence.

The key features driving the industry are the availability of stimulus packages and financial benefits to advance green technology, increasing carbon release from industries, and the economic aspect of this technology. Apart from low emissions, this technology offers high efficacy, dependability, energy safety, resilience, scalability, and silent operation.

Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/fuel-cell-market/report-sample

The fuel cell market is growing as many nations are investing in hydrogen know-how, together with the snowballing numbers of sectors this technology is being adopted in. Fuel cells are being advanced for both large-scale (100 kW and above) and small-scale (up to 100 kW) applications, for instance, retail processes, data centers, residences, telecom towers, base stations, and utilities.

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The industry players have been involved in partnerships and co-operations to remain competitive. The motive of many of these moves has been the expansion of hydrogen fuel cell truck fleets, adoption of hydrogen fuel cell systems for industrial use, and creation of integrated electrolyzers. The stalwarts of the market are Nuvera Fuel Cells LLC, Ceres Power Holdings Plc, Bloom Energy, FUEL CELL ENERGY INC., Toshiba Energy Systems and Solutions Corporation, and Nedstack Fuel Cell Technology B.V.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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