Fuel Cells Market Technology, Demand, Future Growth, Applications, Types, Analysis, Insights and Forecasts 2027

The Proton Exchange Membrane Fuel Cell (PEMFC) segment dominated the market with a share of 53.5% in 2019 due to its higher efficiencies, lower emission rate, and can operate at a lower temperature.

The Global Fuel Cells Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies. The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry.

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Key Highlights From The Report

• The transportation segment is expected to register the highest CAGR of 26.0% over the forecast period as the government of the developing countries is replacing the gasoline-based bus with fuel cells based buses in order to reduce the CO2 emission.
• Asia-Pacific has the highest adoption rate in the market due to the favorable policies and initiatives of the government in countries such as Japan, China, and South Korea.
• Key participants include Ballard Power Systems, Hydrogenics Corporation, FuelCell Energy, Inc., Bloom Energy, Plug Power, Inc., SFC Energy AG, Ceres Power Holdings PLC, Doosan Fuel Cell America, Intelligent Energy, and Toshiba Energy Systems & Solutions Corporation, among others.

Key geographical areas:

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

The Fuel Cells market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2021-2027.

• Product Outlook (Revenue, USD Billion; 2017-2027)
  • Phosphoric Acid Fuel Cell (PAFC)
  • Molten Carbonate Fuel Cell (MCFC
  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Solid Oxide Fuel Cell (SOFC)
  • Others

• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Portable
  • Stationary
  • Transportation

• End-User Outlook (Revenue, USD Billion; 2017-2027)
  • Defense
  • Fuel Cell Vehicles
  • Utilities

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Global Fuel Cells Market Report – Table of Contents:

• Chapter 1 includes the global Fuel Cells market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
• Chapter 2 broadly categorizes the Fuel Cells market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
• Chapter 3 elaborates on the competitive outlook of the Fuel Cells market, focusing on the major manufacturers and vendor landscape.
• Chapter 4 exhaustively studies the key manufacturers of the Fuel Cells industry, along with their anticipated sales and revenue shares.
• Chapters 5 includes market segmentation based on product type, application range, and market players.

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