A new research document with title ‘Fuel Cell Market: Current Analysis and Forecast (2021-2027)’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, Norway and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World and important players/vendors such as Ballard Power Systems, Cummins Inc., Horizon Fuel Cell Technologies, SFC Energy AG, Mitsubishi Power, Ltd. Bloom Energy etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2022-2027.
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A fuel cell is a type of device consisting of a cathode and an anode submerged in an electrolyte medium to effectively conduct and generate electricity. These units operate like a battery providing the necessary power to the system but use hydrogen-based fuel rather than charging at various time intervals. Moreover, fuel cell technologies enable the highly efficient conversion of hydrogen into heat and power. Amongst other applications, fuel cells in the transportation sector can extend the portfolio of electric vehicles. Here, fuel cell vehicles present a decisive advantage in terms of refueling times over battery?electric options, as hydrogen can be refueled in comparable time periods to conventional liquid fuels. Also, Fuel cell is basically small and modular in nature, which makes it perfect for use as power source in various applications ranging from electric vehicles to grid-connected utility power units. The market growth is attributed to demand for clean energy generation in developed regions, increased use of fuel cell-based vehicles, booming power sector, and augmented power generation capacities globally. However, some of the restraints in the market include High manufacturing costs of fuel cell system, High capital and operational costs for setting up facilities & limited availability of necessary highly technological hydrogen infrastructure in several nations are some factors impeding the growth of this market all over the world.
Based on technology type, the market is segmented into Proton Exchange Membrane Fuel Cell (PEMFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC) and Microbial Fuel Cell (MFC). Based on application, the market is segmented into Transport, Portable & Stationary. Based on end user, the market is classified into Fuel cell vehicles, Utilities and Defense.
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1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Fuel Cell Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Fuel Cell Market
2.1.1. Main Objective of the Global Fuel Cell Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
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