What is Fuel Cell Technology Market?
Fuel cell refers to a device that produces electricity through a chemical reaction which is between source fuel and oxidant. The source fuel could be almost anything that can be oxidized, including hydrogen, methane, propane, methanol, diesel fuel or gasoline. The only byproducts are water and a small amount of nitrous oxide if the air is used as the oxidizer.
The market study is being classified by Type (Polymer Exchange MembraneFuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Molten Carbonate Fuel Cells, Solid Oxide Fuel Cell and Others), by Application (Portable, Stationary and Transportation) and major geographies with country level break-up.
Ballard (Canada), Ceramic Fuel Cell (Australia), Fuel Cell Energy (United States), Hydrogenics (Canada), Plug Power (United States), Toshiba Corp. (Japan), Plug Power Inc. (United States), Horizon Fuel Cell Technologies Ltd. (United States) and Doosan Corp. (South Korea) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Fuel Cell Technology market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Fuel Cell Technology market by Type, Application and Region.
On the basis of geography, the market of Fuel Cell Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Higher Energy Density Compared to Battery
- Requirement of More Resilient Energy Systems
- Advantage Over the Backup Power Option
- New Technologies in Hydrogen Storage
- Emerging New Technology Market
- High Cost of Catalyst
- Durability of Fuel Cell
- High Demand in Fuel Cell Vehicles Market
- Growing Awareness of Zero Emission Energy Sources
- Shifting Focus Towards Renewable Energy with Growing Demand of Fuel Cell Vehicles
- Low Penetration in Emerging Economics
Key Target AudienceFuel Cell Technology Provider, Fuel Cell Technology Supplier/Distributor, Potential Investors, Private research Organization, Government Research Organization and Others