Monday, 30 September 2019

Fuel Cell Technology Market Opportunities Assessment, Global Analysis and Future Strategic Planning by Forecast to 2025


In its recently published study report; foretelling the market insights up to 2027 Market Research Future states that the Fuel Cell Technology has the potential to evolve & expand further. And hence the Global Fuel Cell market is projected to experience an exponential growth by 2027 registering a fabulous CAGR during 2017 - 2027.
Fuel Cell Technology is a highly efficient process of electricity generation than combustion technology. Allowing the convenience of portability, Fuel Cell generates clean energy (sound/ air pollution less) to suffice all general electrical needs (stationary) and can power up electric vehicles (Transports) as well. 


Global Fuel Cell Technology Market Segments
The MRFR Analysis has been segmented into three key dynamics;
By Type: Comprises PEMFC, MCFC, SOFC, DMFC, PAFC, and others
By Application: Stationary, Portable, and Transportation among others.
By Region:  North America, Europe, APAC and Rest-of-the-World.

Geographical Analysis
The EU2020 – a strategy proposed by Europe that focuses on improving the infrastructure and decreasing the cost of the fuel cells, augments the demand for the product.
Germany has a strong value chain with a number of small and large companies like Siemens Westinghouse, and SFC Energy, providing a big scope for the Fuel Cell Technology to grow.
The Asia Pacific region is one of the leading revenue generators for Fuel Cell Technology with Japan and South Korea being the major chunk of the revenue generation regions. Favorable government policies and regulations is another factor that is allowing the fuel cell technology market to gain tremendous growth in this region.


Worldwide Fuel Cell Technology Market – Competitive Landscape
The well- established market players gain the competitive advantage in the market maintaining their market position. These Players also invest substantially in the R&D to develop a technology with unique design and features that are on an entirely different level compared to their competition.

Key Players:
Some of the prominent players at the forefront of competition in the market include Hydrogenics, Plug Power, FuelCell Energy, Ballard, and Ceramic Fuel Cell. Profiling them in its analysis MRFR finds out their strategies keeping them at the front.  

Industry/ Innovation/ Related News:
February 2, 2018 – SunLine Transit Agency (US), a bus service providing agency launched its latest zero emission bus with the fuel cell technology. The bus can cover any route in its service territory, even when its AC is operating at maximum levels that too without emission.
February 1, 2018 – Bloom Energy Corp. (US), a remarkable manufacturer of fuel cells, announced the receiving of a contract to provide a Fuel-Cell Power Plant for a utility in South Korea, the world’s biggest user of this technology.
December 22, 2017 – Ballard Power Systems (US) announced the development of the next generation, high performance ‘Fuel Cell Propulsion System’ that can power unmanned aerial vehicles (UAVs) or drones. Unfavorable regulations pertaining to the longer flights which are expected to ease with the advancements of power technology will allow this system to get commercialized on aerial platforms further assuring a rapid turnaround & growth of the system.

View More Info @ https://reut.rs/2n5C9V5

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
+1 646 845 9312

No comments:

Post a Comment

Oilfield Equipment Rental Services Market Analysis 2020 Global Trends, Share, Emerging Trends and Industry Outlook 2023

Oilfield Equipment Rental Services Market Overview Oilfield equipment is a device used for extracting oil and gas from the reservoir. In o...