Market Research Future
(MRFR) has published a research report about the global fuel cell technology
market that predicts great economic prospects for this market between 2017 and
2027.
The primary market driver
for the global fuel cell technology market growth is the increasing demand for
clean and green energy due to the rapid depletion of renewable resources such
as oil and gas. Due to the demand for clean energy, the market for fuel cells
is increasing. Increasing awareness about clean energy among individuals is
also boosting the market growth. The COVID-19
Analysis on Fuel Cell Technology Market is enduring an exacting
period with its robust growth coming to an abrupt halt in light of the COVID-19
pandemic.
Fuel Cell
Technology Market Segmentation:
The global fuel cell
technology market segmentation covers application and types. MRFR is exploring
the features of these segments to understand market trends.
As per the application-based
segmentation, this market covers stationary application, portable application,
and transportation application.
By type, the market has been
segmented into direct-methanol fuel cells (DMFC), molten-carbonate fuel cells
(MCFC), phosphoric acid fuel cells (PAFC), polymer electrolyte membrane fuel
cells (PEMFC), solid oxide fuel cell (SOFC), and others.
Key Players
Major players in the global
fuel cell technology market include Ballard (Canada), Ceramic Fuel Cell
(Australia), FuelCell Energy (USA), Hydrogenics (Canada), and Plug Power (USA).
Browse Complete Research
Report at: https://www.marketresearchfuture.com/reports/global-fuel-cell-technology-market-786
Regional
Segmentation
The regional segmentation of
the global fuel cell technology market covers Europe, the Americas (North
America & South America), Asia Pacific, and the Middle East & Africa
(MEA).
In the Americas region,
North America is a bigger market than South America due to developed
infrastructure, heavy industrialization, and the presence of many key market
players. The major country-specific markets in this region are the USA, Canada,
and Mexico.
Europe has decided to cut
down maximum carbon emission via the EU2020 program by 2050. This program
focuses on increasing the demand for the fuel cell by improving the
infrastructure, encouraging the use of fuel cells, and decreasing the cost of
the fuel cells. Germany is the biggest country-specific market in Europe.
In terms of high revenue,
Asia Pacific region is one of the leading regional markets due to the
increasing awareness among individuals, demand for fuel cell technology, and
favorable government policies. Japan and South Korea form the major chunk of
revenue generation in this region. Other important country-specific markets are
Australia, China, India, and New Zealand. In the MEA region, the market growth
is slow due to limited availability of technology.
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),
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