Global Fuel Cell Market Research Report and Forecast 2021-2026
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Report Description and Highlights
Report Description
Global Fuel Cell Market Outlook 2026: The latest report by IMARC Group, titled “Fuel Cell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global fuel cell market reached a value of US$ 5.9 Billion in 2020. Fuel cells are energy-producing devices that use the chemical energy of hydrogen or other fuels to efficiently produce electricity. They contain various components including an anode, cathode, and electrolyte. They are also environment-friendly in nature and prevent the production of air pollutants and greenhouse gases. In recent years, fuel cell technology has gained wider acceptance as these cells act as an alternative to conventional energy sources. They also help lower environmental pollution as well as reduce the economic dependence on diesel and crude oil imports. Request for a free sample: https://www.imarcgroup.com/fuel-cell-market/requestsample
Report Description and Highlights
Report Description
Global Fuel Cell Market Trends: The market is primarily driven by the increasing demand for unconventional energy sources. Fuel cells do not require conventional fuels like oil and gas, thereby reducing the economic dependence on oilproducing countries and the depletion of fossil fuels. The rise in private-public partnerships is also propelling the market growth. Besides this, the growing penetration of portable devices and the expanding production capacity of hydrogen fuel cell vehicles are positively influencing the market growth. Moreover, governments across various countries are encouraging research activities and suitable financing programs, which, in turn, is providing a positive impact on the market. For instance, the US government and the European Union (EU) are replacing electric grids with fuel cell infrastructure as part of their city redevelopment process. Furthermore, governments of various nations are implementing numerous policies and initiatives to promote the use of sustainable energy alternatives. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 20212026.
Report Description and Highlights Report Description Market Summary: Breakup by Type: • Proton Exchange Membrane Fuel Cells (PEMFC) • Solid Oxide Fuel Cells (SOFC) • Molten Carbonate Fuel Cells (MCFC) • Direct Methanol Fuel Cells (DMFC) • Phosphoric Acid Fuel Cells (PAFC) Breakup by Application: • Stationary • Transportation • Portable Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America
Report Description and Highlights Report Description Competitive Landscape With Key players: • Ballard Power Systems Inc • Bloom Energy Corporation • Toshiba Fuel Cell Power Systems Corporation • FuelCell Energy Inc • Plug Power Inc • Nuvera Fuel Cells Inc • AFC Energy plc • SFC Energy AG • Mitsubishi Hitachi Power Systems • Panasonic Corporation • Intelligent Energy Limited • Doosan Fuel Cell America Inc View Report TOC, Figures and Tables: https://www.imarcgroup.com/fuel-cell-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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