Fuel Cell Technology Market Evolving Industry Trends and key Insights by 2030

 Market Industry Reports (MIR) has published a new report titled “Fuel Cell Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global fuel cell technology market accounted forUS$1,031.63million in 2018. It is anticipated to grow at a CAGR of 25.09% from2019 to 2030. 

The fuel cell technology is based on clean energy sources. Thus, regional governments have been promoting it for a wide range of applications, such as stationary applications, automotive applications, and others, to reduce carbon emissions. For instance, in October 2019, the German Ministry for Transport and Digital Infrastructure awarded US$ 13.37 million to Siemens, Ballard Power Systems, and RWTH Aachen University for developing more efficient fuel cells for their trains.Such favorable government initiatives across the globe areamong the pivotal factors driving the fuel cell technology marketgrowth worldwide.

Get PDF Sample Copy of the Report “Hydroxychloroquine Market” @
https://www.marketindustryreports.com/pdf/303
 
Top Player:
 
Some of the prominent players in the fuel cell market include Bloom Energy, Ballard Power Systems, Doosan Fuel Cell America, Inc., Fuel Cell Energy, Inc., Hydrogenise, KYOCERA Corporation, Panasonic Corporation, PLUG POWER INC., Toshiba Energy Systems & Solutions Corporation, and Mitsubishi Hitachi Power Systems, Ltd., among others.
 

Additionally, the growing demand for power generation in residential &commercial areas is supplementing the growth of the fuel cell technology market owing to its advantages.For instance, Japan has installed approximately 20,000 stationary combined heat & power fuel cell systems incommercial & residential spaces. Moreover, the increasing utilization of fuel cells in vehicles is another factor contributing to the overall market growth. For instance, the Chinese government announced itsplan to construct hydrogen infrastructure to support about 50,000 fuel cell vehicles by 2025.

Rising R&D activities to overcome market challenges, new investments to produce hydrogen and new product launches are the primary factors that are expected to create new opportunities in the fuel cell technology market. However, the high operating cost of fuel cells, the presence of other clean energy alternatives and huge initial investment in the manufacture of fuel cells are among the several factors that will restrain market growth. 

Get Incredible Discounts on this Premium Report @
https://www.marketindustryreports.com/discount/303

The Asia Pacific region is expected to grow at the highest CAGR owing to the presence of high potential countries such as China, India, Japan, and South Korea. Additionally, the increasing number of government initiatives in this region and the growing adoption of fuel cell electric vehiclesare expected to propel growth of the fuel cell technology market in the region. 

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Classification
    3. Geographic Scope
    4. Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecast Years – 2020 to 2030
    5. Currency Used
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1. Secondary Sources
      2. Primary Sources
    4. Market Estimation Methodology
      1. Bottom Up Approach
      2. Top Down Approach
    5. Data Validation and Triangulation
      1. Market Forecast Model
      2. Limitations/Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESSMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities

About Market Industry Reports:

Market Industry Reports is a global leader in market measurement & advisory services, Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.

Contact Us:

Phone: + 91 8956767535
Email: sales@marketindustryreports.com
Website: www.marketindustryreports.com

 

Comments

Post a Comment

Popular posts from this blog

Floor Grinding Machines Market Projected to Reach $344.6 million by 2027

The global floor grinding machines market size was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027. Asia-Pacific generated the highest revenue in 2019, and is expected to grow at a highest CAGR during the forecast period, followed by LAMEA and North America. Floor grinding machine products witnessed a higher demand, owing to the durability and availability at low cost. Moreover, advancements in floor grinding machines with GPS and others further strengthen the floor grinding machines market growth.  Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A06328 In addition, surge in residential construction industry in the developing countries such as India, China, India, and Brazil is expected to increase the demand for floor grinding machines. However, high maintenance and repair costs hamper the floor grinding machines market growth. The impact of this factor is anticipated to ...
Read more

Energy-Efficient Windows Market Segmentation and Key Companies by 2027

The global market for energy-efficient windows is poised for substantial growth, projected to reach $29,023.8 million by 2027, up from $15,594.0 million in 2019, with a notable compound annual growth rate (CAGR) of 8.1% from 2020 to 2027. In 2019, North America emerged as the dominant force in the market, capturing 33.6% of the total revenue share. Dont Miss Out Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/A06191 Energy-efficient windows play a crucial role in reducing the reliance on artificial heating and cooling systems within buildings by providing effective insulation against heat loss and gain from the external environment. Comprising three key elements—glass or glazing, frames, and associated hardware—these windows undergo certification based on metrics like the solar heat gain coefficient (SHGC) and U-factor, qualifying for Energy Star Ratings issued by the National Fenestration Rating Council (NFRC) in the U.S. The SHGC assesses solar h...
Read more

Press Brakes Market Exploring the Growth at a CAGR of 5.9% By 2032

The press brakes market size was valued at $568.15 million in 2022, and is estimated to reach $995.3 million by 2032, growing at a CAGR of 5.9% from 2023 to 2032. A press brake is a machine utilized in metalworking and fabrication procedures to bend and shape sheet metal. It consists of an effective hydraulic or mechanical press that applies force to a metal workpiece, forcing it into a predetermined form by means of a die. Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A08707 The press brake's adjustable back gauge allows for specific and repeatable bends, making it a versatile tool for the manufacturing of diverse metal components. Commonly found in manufacturing settings, press brakes are crucial for forming metallic parts utilized in industries inclusive of automotive, aerospace, and construction. Growing industrialization is one of the major factor driving the growth of press brakes market. For instance, in August 2022, Accurl displayed the...
Read more