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