Fuel Cell Market 2018-2026: Analysis by Emerging Markets, Key Trends, Expansions, New Product Launch, Acquisitions & Mergers and Growth Drivers
OrbisReseach.com has published 2019-2022 Global Fuel Cell Market Outlook, Opportunities, Trends and Forecast 2025 by Technologies, Applications, Key Players and Regions added tits database.
Dallas, Texas – March 1, 2019 /MarketersMedia/ —
Global Fuel Cell Market is accounted for $3,512.25 million in 2017 and is expected to reach $16,672.63 million by 2026 growing at a CAGR of 18.9%. Some of the key factors influencing the market growth include rising demand for unconventional energy sources, growing demand for space heating across residential and commercial establishments, rising demand for backup power source in off-grid areas, increasing demand for portable devices. However, high price of the catalyst, which raises the price of fuel cell and lack of fuel cell infrastructure are restraining the market growth.
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Fuel cell is a device that converts chemical energy into electric energy to form electricity, water and heat. The fuel cell works on two basic components such as oxygen and hydrogen. Fuel cells can produce electricity continuously, by non-stop supplying of fuels. At the present rate of consumption of non-renewable fuels, there is a chance of global crisis in the coming years. Fuel cells have the capability to replace the use of conservative fuel equipment. Moreover, introduction of fuel cells has also caused a positive impact for various industries, due to its benefits such as flexibility, greater efficiency and almost zero emission.
Amongst application, stationary application segment is set to witness strong growth owing to increasing demand for space heating demand across homes, offices, and other commercial establishments. Increasing product penetration as a backup power source in hospitals, telecommunication base stations, data centers, tetra networks, schools and hotels will further augment the fuel cell market growth. By Geography, Asia Pacific is expected to account for the largest market share during the forecast period as the market in this is probable to grow at a rapid pace. Enlarge in speculation of fuel cell devices and advances in technology are the two main factors that will drive the market growth in this region.
Some of the key players in the global Fuel Cell market include Panasonic, Toshiba, Ballard Power Systems, Hydrogenics Corporation, Horizon Fuel Cell Technologies, FuelCell Energy, Inc., Doosan Fuel Cell America, Aisin Seiki Co., Ltd., Nuvera Fuel Cells, SFC Group, Ceramic Fuel Cells, Ltd, Bloom Energy, Plug Power, Nedstack Fuel Cell Technology BV, UTC Power Corporation and Arcola Energy.
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Applications Covered:
Portable
Stationary
Transportation
Other Applications
Products Covered:
Low-Temperature Fuel Cells (LTFC)
High-Temperature Fuel Cells (HTFC)
Other Products
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Few points from Table of Contents:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Product Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
Continued
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Organization: Orbis Research
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Website: https://www.orbisresearch.com/reports/index/fuel-cell-global-market-outlook-2017-2026
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