Press release
Fuel Cell Technology Industry Set for Rapid Growth, Market Size, Share by 2024- Foresight Research
Fuel Cell Market is a kind of battery which generates electricity from an electrochemical reaction. It uses an external supply which works continuously as long as it is supplied hydrogen and oxygen. In the process of oxidation, hydrogen by making chemical reaction with oxygen and release water which is used in the process where electrons is released and hence produce electric current. There are various types of fuel cells such as Proton exchange membrane (PEM), Solid oxide fuel cells (SOFC), among others.
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Fuel cell is a kind of alternative energy where it has been commercialized into micro cogeneration & heat production, and backup power for telecom towers. It is showing strong growth in future as it offers more applicability and reliability than other alternatives such as wind and sun.
Market Segmentation
Global Fuel cell technology market by Fuel types:
• Hydrogen
• Natural gas/ Methane
• Methanol
• Anaerobic Digester gas
Global Fuel cell technology market by Method:
• Polymer/ Proton exchange membrane fuel cells (PEM)
• Solid oxide fuel cells (SOFC)
• Molten carbonate fuel cells (MCFC)
• Phosphoric acid fuel cells (PAFC)
Global Fuel cell technology market by Applications:
• Stationary
• Transportation
Taste the market data and market information presented through more than 100 market data tables and figures spread in 136 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Fuel Cell Technology Market Research Report- Global Forecast to 2024"
Browse Full Research Report @ https://www.marketresearchfuture.com/reports/fuel-cell-technology-market
Key Player
• AFC Energy PLC
• Ceres power Holdings PLC
• Genport SRL
• SFC energy AG
• TOPSOE Fuel cell
• Ned stack fuel cell Technology
Regional Analysis
Europe:
Europe is one of the fastest growing regions in fuel cell technology market due to creating a roadmap of reducing emission of carbon di oxide by more than 80% by 2050. To achieve the target Europe is planning to improve the infrastructure and reducing the cost of the fuel cells.
Germany:
German Fuel cell technology market is expected to grow with a CAGR of more than 70% during the forecasted period 2015-2027. Germany accounts for more than 70% fuel cell
United Kingdom (UK):
UK Fuel cell technology market is expected to grow with a CAGR of more than 25% during the forecasted period 2015-2027. At present, UK exports more than 50% of the fuel cell products to other countries.
Table of Content
1 Report Excerpts
2 Market Definitions
3 Research Methodologies
4 Forecast Indicators
5 Market Analyses
6 Fuel Cell Technology Market Value & Volume Forecast (2015-2027) (USD $Million)
7 Fuel Cell, by Fuel types Market Value & Volume Forecast (2015-2027) (USD $Million)
8 Fuel Cell, by Method Market Value & Volume Forecast (2015-2027) (USD $Million)
9 Fuel Cell, by Application Market Value & Volume Forecast (USD $Million)
10 Fuel Cell, by Region Market Value & Volume Forecast (2015-2027) (USD $Million)
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