Fuel Cell Market Latest Industry Size, Share, Demands, Growth Analysis, Company Profiles, Revenue and Forecast 2026

Posted on Dec 29 2020 7:08 AM

"Top Players in Fuel Cell Market are Toshiba, Ballard Power Systems, Hydrogenics Corporation, Horizon Fuel Cell Technologies, Fuel Cell Energy, Inc., Doosan Fuel Cell America, Aisin Seiki co., Ltd., Nuvera Fuel Cells, SFC Group, Ceramic Fuel Cells, Ltd., Bloom Energy, Plug Power, Nedstack Fuel Cell Technology BV, UTC Power Corporation, and Arcola Energy "

The increasing demand for zero-emission cars is a key factor driving the global fuel cell market, says Fortune Business Insights in a report, titled “Fuel Cell Market Size, Share and Global Trend By Type (Solid Oxide Fuel Cell, Proton Exchange Membrane Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cell, Alkaline Fuel Cell, Direct Methanol Fuel Cell), By Application (Portable, Stationary, Transportation), and Geography Forecast till 2026.” The utilization of fuel cells for electricity generation is expected to contribute positively to the global market.

To Gain More Insights into the Fuel Cell Market Analysis, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/fuel-cell-market-100733

The report on the fuel cell market contains:

  • Future insights into the market
  • In-depth study of the regions
  • Product and brand strategies
  • Factors enabling market growth
  • Competitive landscape
  • COVID-19 impact

List of the major companies that are present in the global fuel cells market:

  • Toshiba
  • Ballard Power Systems
  • Hydrogenics Corporation
  • Horizon Fuel Cell Technologies
  • Fuel Cell Energy Inc.
  • Doosan Fuel Cell America
  • Aisin Seiki Co. Ltd.
  • Nuvera Fuel Cells
  • SFC Group
  • Ceramic Fuel Cells Ltd.
  • Bloom Energy
  • Plug Power
  • Nedstack Fuel Cell Technology BV
  • UTC Power Corporation
  • Arcola Energy

“Joint Venture Between  Bosch And Powercell Sweden For Mass Production Of Hydrogen Fuel Cells Will Create Growth Opportunities”

Robert Bosch GmbH, a German multinational engineering and technology company, announced a licensing agreement with powercell Sweden, a clean energy development company. The agreement is aimed at mass production of hydrogen fuel cells for electrifying heavy-duty commercial vehicles. Hydrogen fuel cells take less time to refuel compared to electric car batteries, making them more suitable for use in vehicles that need to stay on the road for prolonged periods of time. The licensing agreement between the two companies is expected to support fuel cell growth owing to the European Union rules to reduce carbon emission by 15 percent by 2025. This factor will impel industries to adopt electric and hybrid power trains thus aiding expansion of the fuel cell market size.

Request a Sample Copy for more detailed Fuel Cell Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fuel-cell-market-100733

Furthermore, the launch of fuel cell-powered river push boat is expected to benefit fuel cell revenue. For instance, Ballard has signed an agreement to work with ABB on the design and launch of fuel cell-powered river push boats in France. Ballard is planning to develop and launch a zero-emission river push boat, and also to deliver two of its next-generation 200-kilowatt fuel cell modules in 2020. Moreover, the announcement of 1600 hydrogen fuel cell trucks is expected to facilitate the growth of the global fuel cell market. For instance, Hyundai announced its plan to launch 1600 hydrogen fuel cell trucks in Europe with a joint venture with H2 energy., Hyundai is planning to penetrate European countries beyond Switzerland with this project. However, High cost of hydrogen as it is difficult to generate, handle and store along with the requirement of bulky tanks for storage, which is expensive. These factors together are likely to restrict the global fuel cell market growth to an extent.

The report answers the following questions:

  • What are the recent fuel cell market trends and developments?
  • How will the market be affected by changing consumer behavior?
  • Which strategies are being adopted by key players to enhance their market footprint?
  • Which region will remain in the dominant position in terms of revenue?
  • How many niche segments are present in the market?

Adoption Of Fuel Cell-Induced Energy Will Propel Growth In North America

Geographically, the global fuel cell market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global market during the forecast period owing to the presence of key players in the region. Government support for fuel cell-induced energy generation as it is considered as a prime source of secured energy is also expected to boost growth in North America. In addition to this, Europe is likely to have a stronghold, backed by the rising demand from countries such as Germany. Improvement of fuel cell infrastructure will enable Europe to account for a higher percentage of the global fuel cell market share. The Asia Pacific is likely to rise at a considerable rate owing to the surge in household application of fuel cells. The acquisitions and partnerships between companies in Latin America will foster growth in the region. The Middle East and Africa are expected to offer major growth opportunities owing to its portable and off-grid applications.

Ask for customization for detailed information about Fuel Cell Market Segments - https://www.fortunebusinessinsights.com/enquiry/customization/fuel-cell-market-100733

Major Table of Contents for Fuel Cell Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Fuel Cell Market Insights
  5. Global Market Analysis, Insights and Forecast, 2015-2026
  6. North America Market Analysis, Insights and Forecast, 2015-2026
  7. Europe Market Analysis, Insights and Forecast, 2015-2026
  8. Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
  9. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
  10. Latin America Market Analysis, Insights and Forecast, 2015-2026
  11. Competitive Landscape
  12. Global Fuel Cell Market Revenue Share Analysis, By Key Players, 2020
  13. Company Profiles
  14. Conclusion

Purchase Full Report for Exclusive Fuel Cell Market Growth Forecast - https://www.fortunebusinessinsights.com/checkout-page/100733

Other Exclusive Reports:

Small Hydropower Market Size, Key Players Analysis And Comprehensive Growth Drivers Forecast Till 2027

Solar Tracker Market: Future Prospects, Revenue Growth And Outlook (2020-2027)

Well Testing Service Market 2020 Highlights By Type And End Users, Phenomenal Growth Forecast Till 2027

Geophysical Services Market 2020: Global Trends, Size, Segments And Revenue Growth Forecast Till 2027

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact:

Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245