News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

Fuel Cell Market Size, Share and Forecasts 2026

(USGovernment-News.Com, September 11, 2019 ) Market Overview

• Fuel cells are the devices that convert the energy of a chemical reaction, typically between hydrogen and oxygen, directly into low-voltage DC electricity and into heat.

• The Fuel cell market is on upsurge because of the various advantages of fuel cells compared to conventional power sources. Fuel cells have a broader range of application than any other currently available power source – from toys to large power plants, from vehicles to mobile chargers, and from household power to battlefield power.

Market Dynamics

• Due to the increased amounts of carbon dioxide and other greenhouse gases released from burning fossil fuels for energy, the demand for a cleaner and the more efficient power source is increasing.

• This is a significant driver for the Fuel Cell market.

• Essential fuel cells running on pure hydrogen are pollution free, giving off only electricity, water, and heat. The potential for fuel cells to provide zero or near-zero emissions has been a significant force in the development of technology over the past 30 years and is drawing increasing attention to the technology today.

• The most significant increase—nearly triple—in MWs occurred in the transportation sector, and that growth can be attributed to the introduction and expansion of fuel cell light-duty vehicles from Japan and Korea to new regions around the world.

• There was also the inclusion of Honda’s fuel cell vehicle in the marketplace. Other transportation applications such as buses and material handling also contributed to the increase in MW shipped.

• The biggest hurdle for fuel cells market today is cost. Fuel cells cannot yet compete economically with more traditional energy technologies, though rapid technological advances are being made. So high cost of fuel cells can be a possible restraint for this market.

Market Segmentation

• The report segments the Fuel Cell market by technology type, by Application and lastly By Geographical Region.

• Technology type the market has been segmented into- Polymer Electrolyte Membrane Fuel Cell (PEMFC), Solid Oxide Fuel cell (SOFC), Molten Carbonate Fuel cell (MCFC), Alkaline Fuel Cell (AFC), and Others (Phosphoric Acid fuel cell (PAFC), Direct Methanol fuel cell (DMFC)).

• By Application type the market has been segmented into- Portable Power, Stationary Power, and Transportation. In 2016, approximately 62,000 fuel cell systems were shipped worldwide from the US, up slightly from 60,000 in 2015.

By Technology Type

• Polymer Electrolyte Membrane Fuel Cell (PEMFC)

• Solid Oxide Fuel cell (SOFC)

• Molten Carbonate Fuel cell (MCFC)

• Alkaline Fuel Cell (AFC)

• Others

By Application

• Stationary

• Portable

• Transportation

By Region

• Asia Pacific

• Europe

• North America

• South America

• Rest of the World

Geographical Analysis

• Geography type the market has been segmented into- North America, South America, Europe, Asia-Pacific and Rest of the world. There are many fuel cell developmental projects going on around the world.

• There are a large number of hydrogen fuel cell prototype vehicles which include two wheelers, cars, and buses, and are already being tested on the roads in several countries especially developed the world.

• National governments such as the USA, Canada, and Japan are at the forefront of financing such projects.

• In other developing countries like Brazil, China, and India, research on hydrogen fuel cells for both stationary and transport application is already underway.

• There are other efforts in some small countries like Taiwan where the government and the private sector are investing in fuel cell research. This has yielded new, potentially marketable technologies such as electric bicycles and scooters.

Company Profiles

• The report profiles the following companies, which includes

• Ballard Power Systems Fuel Cell Energy,

• Hydrogenics Corp.,

• Plug Power,

• Ceres Power,

• Others

View full sample report:

Download free sample:

About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at Data M Intelligence


Tel: +1 877 441 4866


DataM Intelligence

Sai Kiran

+1 877 441 4866

Source: EmailWire.Com


U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com ™ is a news service of GroupWeb Media LLC