Energy & Environment Industry Today
Fuel Cell Technology Market Analysis, Key Players, Industry Segments, Development, Opportunities And Forecast To 2024
Global Fuel Cell Technology Market, by Fuel types (Hydrogen, Methanol, Methane), by Method (AFC, MFC, MCFC, DCFC), by Application (Stationary, Transportation), by Country (Germany, UK) - Global Forecast 2024
Published 19 February 2018
Fuel Cell Technology Market – Overview
The Global fuel cell technology market is growing with the rapid pace; mainly due to the increasing applications of fuel cells in power suppliers, automobile, residential builders and electronic companies. According to a recent study report published by the Market Research Future, The global fuel cell technology market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The fuel cell electric vehicles primarily require the establishment of hydrogen refueling stations. This is expected to be initially deployed by the focus on government fleet and the high end consumer car market with a minimum required infrastructure set-up. The market is further expected to gain traction with widespread consumer acceptance and adoption of electric vehicles, which will further reduce the cost of the production of fuel cell electric vehicles.
Prominent Players
Ballard Power Systems Inc. (Canada), Hydrogenics (Canada), Nuvera Fuel Cells (U.S.), Oorja Fuel Cells (U.S.), AFC Energy PLC (U.K.), Air Products and Chemicals, Inc. (U.S.), Automotive Fuel Cell Cooperation (Canada), Cellkraft AB (Sweden), EnergyOR Technologies Inc. (Canada), H2 Logic A/S (Denmark), Intelligent Energy (U.K.) and Proton Motor Fuel Cell GmbH (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Fuel Cell Technology Market.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/786
Fuel Cell Technology Market – Competitive Analysis
The Market is witnessing increased competition and is expected to further intensify during the forecast period. The players in the market incorporate acquisition, collaboration, partnership and expansion in order to gain competitive advantage in this market and to maintain their market position. For instance, Ballard Power Systems and Toyota Tsusho Corp. entered into collaboration. Toyota Tsusho Corporation will be a distributor of Ballard fuel cell products in Japan through 2020.
The government of countries such as European Union (EU), United States, Japan and Korea among others have developed plans to deploy hydrogen refueling infrastructure to support the early market introduction of hydrogen fuel cell vehicles.
Technological advancements in the manufacturing of the fuel cells and the increasing research and development expenditure by the key players is expected to increase the level of competition in the fuel cell technology market.
Industry/ Innovation/ Related News:
September 2017 - Ballard Power Systems has accepted a Letter of Intent to provide FCveloCity-HD 100-kilowatt fuel cell engines with the objective to power 8 ExquiCity tram-buses which are being built by Van Hool NV. The fuel cells would be used by these clean energy hybrid tram-buses for providing primary power. In case of need of the additional power, lithium batteries would be used and the only emission is water vapour. These hybrid fuel cell tram-buses offer a wide variety of benefits such as high levels of passenger comfort and safety, the highest level of operational flexibility and productivity and lower cost than a traditional tram.
August 2017 - Nuvera Fuel Cells deployed a zero-emissions fuel cell bus and hydrogen refueling station in Boston. The National Fuel Cell Bus Program will help to bring the fuel cell and hydrogen technology into everyday use and expand clean transportation. The Fuel cells increase fuel economy, reduce the use of petroleum, and advances the U.S. energy independence, since hydrogen is produced domestically.
November 2015 - Hydrogenics signed separate supply agreements with several Chinese electric vehicle integrators to bring its fuel cell and fueling station technology to China. This was primarily done with the objective of solving the prevalent air quality issues in the region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/global-fuel-cell-technology-market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
The Global fuel cell technology market is growing with the rapid pace; mainly due to the increasing applications of fuel cells in power suppliers, automobile, residential builders and electronic companies. According to a recent study report published by the Market Research Future, The global fuel cell technology market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The fuel cell electric vehicles primarily require the establishment of hydrogen refueling stations. This is expected to be initially deployed by the focus on government fleet and the high end consumer car market with a minimum required infrastructure set-up. The market is further expected to gain traction with widespread consumer acceptance and adoption of electric vehicles, which will further reduce the cost of the production of fuel cell electric vehicles.
Prominent Players
Ballard Power Systems Inc. (Canada), Hydrogenics (Canada), Nuvera Fuel Cells (U.S.), Oorja Fuel Cells (U.S.), AFC Energy PLC (U.K.), Air Products and Chemicals, Inc. (U.S.), Automotive Fuel Cell Cooperation (Canada), Cellkraft AB (Sweden), EnergyOR Technologies Inc. (Canada), H2 Logic A/S (Denmark), Intelligent Energy (U.K.) and Proton Motor Fuel Cell GmbH (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Fuel Cell Technology Market.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/786
Fuel Cell Technology Market – Competitive Analysis
The Market is witnessing increased competition and is expected to further intensify during the forecast period. The players in the market incorporate acquisition, collaboration, partnership and expansion in order to gain competitive advantage in this market and to maintain their market position. For instance, Ballard Power Systems and Toyota Tsusho Corp. entered into collaboration. Toyota Tsusho Corporation will be a distributor of Ballard fuel cell products in Japan through 2020.
The government of countries such as European Union (EU), United States, Japan and Korea among others have developed plans to deploy hydrogen refueling infrastructure to support the early market introduction of hydrogen fuel cell vehicles.
Technological advancements in the manufacturing of the fuel cells and the increasing research and development expenditure by the key players is expected to increase the level of competition in the fuel cell technology market.
Industry/ Innovation/ Related News:
September 2017 - Ballard Power Systems has accepted a Letter of Intent to provide FCveloCity-HD 100-kilowatt fuel cell engines with the objective to power 8 ExquiCity tram-buses which are being built by Van Hool NV. The fuel cells would be used by these clean energy hybrid tram-buses for providing primary power. In case of need of the additional power, lithium batteries would be used and the only emission is water vapour. These hybrid fuel cell tram-buses offer a wide variety of benefits such as high levels of passenger comfort and safety, the highest level of operational flexibility and productivity and lower cost than a traditional tram.
August 2017 - Nuvera Fuel Cells deployed a zero-emissions fuel cell bus and hydrogen refueling station in Boston. The National Fuel Cell Bus Program will help to bring the fuel cell and hydrogen technology into everyday use and expand clean transportation. The Fuel cells increase fuel economy, reduce the use of petroleum, and advances the U.S. energy independence, since hydrogen is produced domestically.
November 2015 - Hydrogenics signed separate supply agreements with several Chinese electric vehicle integrators to bring its fuel cell and fueling station technology to China. This was primarily done with the objective of solving the prevalent air quality issues in the region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/global-fuel-cell-technology-market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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