Emeging Evolution : Global Fuel Cell Market Will Grow At A CAGR Of 22.76% During The Period 2017-2020

Albany, New York, August 21, 2017 : Recent research and the current scenario as well as future market potential of "Global Fuel Cell Market 2016-2020" globally.

Fuel cells produce electricity by utilizing the power generated from electrochemical reactions. They use external sources of chemical energy such as hydrogen and oxygen to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons. The electrons then flow through the external circuit producing an electric current. All fuel cells are based on a standard design, wherein two electrodes are separated by an electrolyte. The electrolyte carries electrically charged particles. A catalyst is used to speed up or accelerate the electrochemical reaction within the fuel cells. Fuel cells can be used in small devices that are powered by a few watts of electricity and also in large power plants that produce megawatts (MW) of electrical energy. Fuel cells are categorized by the nature of the electrolyte used in them.

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Technavios analysts forecast the global fuel cell market to grow at a CAGR of 22.76% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global fuel cell market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped to demarcate the market contours.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Fuel Cell Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Ballard Power Systems
Bloom Energy
Nuvera Fuel Cells
SFC Energy

Other prominent vendors
ACAL
Acumentrics
Aisin
Altergy Systems
Ceramic Fuel Cells
Ceres Power
Delphi Automotive Systems
DMFCC
Doosan Fuel Cell
ElectroChem
EnergyOr Technologies
Enocell
FuelCell Energy
GE
H2 Logic

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Horizon Fuel Cell Technologies
Hydrogenics
Infintium Fuel Cell Systems
Intelligent Energy
Johnson Matthey Fuel Cells
Kyocera
LG Fuel Cell Systems
Mitsubishi Heavy Industries
Neah Power Systems
Oorja Protonics
Panasonic
Plug Power
Proton Motor Fuel Cell
Redox Power Systems
Shanghai Everpower Technologies
Symbio FCell
Toshiba
Ultra Electronics AMI

Market driver
Growing demand for efficient and cleaner technologies.
For a full, detailed list, view our report

Market challenge
Competition from alternative technologies.
For a full, detailed list, view our report

Market trend
Increase in R&D investment and activities.
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.