Global Fuel Cell Market

Europe production consumption market.

Global fuel cell market.

Global market insights inc. Growing private public partnerships and reduced environmental impact are other factors anticipated to propel the demand. Us denso corporation japan robert bosch gmbh germany and fev germany. Has recently added a new report on fuel cell electric vehicle market which estimates the global market valuation for fcev will cross us 14 billion by 2026.

This report focuses on the in depth competitive. Global fuel cell market forecast 2020 2028 global fuel cell market by product solid oxide fuel cells sofc phosphoric acid fuel cells pafc molten carbonate fuel cells mcfc proton exchange membrane fuel cells pemfc other fuel cells by application transportation stationary portable by geography. The number of hydrogen refueling stations hrs open to the public or fleets worldwide is increasing. Market definition and segment by type end use major regions market size chapter 2.

The report analyses the global fuel cell market the market size and growth as well as the major market participants. The global fuel cell market size was estimated at usd 10 48 billion in 2019 registering a cagr of 15 5 over the forecast period. Further key aspects of the report indicate that. The research report global fuel cell market provides an in depth analysis of the global fuel cell market based on technology application and major geographies for the forecast period from 2019 to 2026.

The market for fuel cell is expected to grow at a cagr of more than 14 97 during the forecast period of 2020 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The global fuel cell powertrain market size is projected to grow from usd 268 million in 2020 to usd 3 797 million by 2025 at a cagr of 70 0. Increasing demand for unconventional sources of energy is one of the key factors driving the growth.

Global production consumption market by type and end use chapter 3. The advent of fuel efficient technology will have a significant impact on fuel cell electric vehicles which in turn will drive the fuel cell powertrain market. The global fuel cell powertrain market is dominated by major players such as ballard power systems canada cummins inc. Global fuel cell market covers the global and regional market with comprehensive analysis of the overall growth prospects in the market.

These companies offer a wide variety of automotive motors fulfilling all major functions in a vehicle.