Reformer Integrated Fuel Cells Market Size, Share, Trends and Outlook 2023-2030

Reformer Integrated Fuel Cells Market Size

Global Reformer Integrated Fuel Cells (RIFC) market reached USD 228.2 million in 2022 and is expected to reach USD 632.5 million by 2030 growing with a CAGR of 13.6% during the forecast period 2023-2030.

Integrating reformers with fuel cell systems allows the use of readily available hydrocarbon fuels without the requirement for on-site infrastructure or hydrogen storage.

Transportation will make up more than 1/3 of the worldwide RIFC market, and in emerging nations, clean energy usage will expand. RIFC systems operate more efficiently, have greater fuel flexibility, and provide more power than conventional fuel cells, pushing their market.

Download Sample: https://www.datamintelligence.com/download-sample/reformer-integrated-fuel-cells-market

Market Drivers: Demand for Lightweight Energy Plants Rising

In sectors that value mobility, portability, and space-saving, lightweight energy plants are becoming more popular. Due to their fuel economy and power density, RIFC systems may generate a lot of power for their size and weight. Thus, they are ideal for tiny, light energy plant applications that need significant power generation.

Too far, most fuel cell research has focused on powering tiny portable devices for commercial buildings and passenger automobiles. Portable applications that need power between 100 W and 100 kW but typically need outputs of more than 100 kW or less than 20 W require viable fuel cell devices.

These mobile apps need a lightweight power source with fast starting and easy recharging. Fuel cell devices meet some of these characteristics but not all. However, RIFC is a popular technology for lightweight power production systems, and continued research is likely to drive market trends.

Market Segmentation: The benefits of hydrogen include no emissions and high energy density.

Hydrogen is the fastest-growing fuel in the worldwide RIFC market, with 54.1% share in 2022. Hydrogen is a clean, efficient fuel for fuel cells, particularly those with reformers. Its various qualities, including the capacity to create energy without emissions in fuel cells, make it appealing for RIFC systems.

Market Companies:

The major global players include Bloom Energy, FuelCell Energy, Doosan Fuel Cell, SolidPower, Aisin Corporation, Cummins Inc and Toshiba Corporation.
By Fuel

• Hydrogen
• Methanol
• Natural Gas
• Biogas
• Others

By Power Output

• Low Power (100 kW)

By Application

• Portable Power Systems
• Stationary Power Generation
• Transportation
• Combined Heat and Power (CHP) Systems
• Backup Power Systems
• Others

By End-User

• Energy and Power
• Transportation
• Chemicals
• Oil and Gas
• Industrial Manufacturing
• Aerospace and Defense
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: Intensive Research and Government Assistance in North America

North America, notably the U.S., has led fuel cell technology research and implementation. U.S. revenue leads the market with around 83.4% share. Due to extensive research, government support, and early commercial installations, the RIFC system industry in this region has grown.

Related Reports:

Fuel Cell Market- https://www.datamintelligence.com/research-report/fuel-cell-market

Hydrogen Fuel Cells Market- https://www.datamintelligence.com/research-report/hydrogen-fuel-cells-market

Solid Oxide Fuel Cell Market- https://datamintelligence.com/research-report/solid-oxide-fuel-cell-market

Direct Methanol Fuel Cell Market- https://www.datamintelligence.com/research-report/direct-methanol-fuel-cell-market

Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.