Fuel Cell Market Size 2019, Statistics, Size, Share, Regional Analysis by Key Players | Industry Forecast to 2030

 

Emergen Research’s latest document, titled ‘Global Fuel Cells Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Fuel Cells market. The report’s authors have offered necessary details on the latest Fuel Cells market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Fuel Cells industry entails useful insights into the estimated Fuel Cells market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.

The global Fuel Cells Market is expected to reach USD 16.58 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of fuel cells to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.

Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/100

Prominent Players Analyzed in the Report:

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.

The pandemic has severely affected the automotive & transportation industry and disrupted the supply chain, raw material supplies, and demand for the product in the automotive industry.  As people are facing a financial crisis, there are changes in consumer buying behavior, which can adversely affect the industry. The liquidity shortfall and the cash crisis have already affected the sales of the product. Additionally, many companies are withdrawing their investments, and the government of several countries is cutting down the incentives provided by them earlier, which are hampering the growth of the market.

Some Key Highlights from the Report

  • 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 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.

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Emergen Research has segmented the global Fuel Cells Market on the basis of Product, Application, End-User, and region:

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

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/fuel-cells-market

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. U.S
    2. Canada
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

Overview of the Fuel Cells Market Report:

·         Introduction, Product Scope, Market Overview, and Opportunities

·         Analysis of the Manufacturers with sales, revenue, and price analysis

·         Comprehensive analysis of the competitive landscape

·         Extensive profiling of the key competitors along with their business strategies and market size

·         Regional analysis of the market along with sales, revenue, market share, and global position

·         Country-wise analysis of the market along with types, applications, and manufacturing

·         Strategic recommendations to established players as well as new entrants

·         In-depth analysis of the risks, restraints, and limitations in the Fuel Cells industry

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Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.

About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

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