The Fuel Cell Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend & Growth during the study period Upto 2021.
Fuel cells transform chemical energy with the mean of electromechanical reaction into electrical energy. These cells use variety of fuels such as hydrogen, methanol, biogas, natural gas, and hydrocarbons to generate electricity. In such cells, hydrogen along with oxygen is used as the basic fuels. These fuel cells generate electricity with zero or limited emission as pollution. They are alternative technology option to conventional internal combustion engine generators or batteries. They offer more density than batteries and are on an average of 400% in performance.
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Deriving from the components used and type of reaction taking place within the cell, the fuel cells can be segmented as polymer/proton exchange membrane (PEM), direct methanol fuel cell (DMFC), phosphoric acid fuel cell (PAFC), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC), alkaline fuel cells, reversible fuel cells and many more. The fuel cell market can be bifurcated based on stationary, portable and transportation fuel cell product forms.
Demand for clean energy, shift towards renewable energy, increasing awareness and demand for zero emission energy sources are driving the fuel cells global market. High cost of catalyst and commercialization of these cells are barriers in the growth of the industry.
Major player assessed in the report are :
– FuelCell Energy
– Ensol Systems Inc.
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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SEGMENTATIONS IN REPORT :
1. Fuel Cells By Types :
– Polymer/Proton Exchange Membrane (PEM) Fuel Cell
– Direct Methanol Fuel Cell (DMFC)
– Phosphoric Acid Fuel Cell (PAFC)
– High-temperature fuel cells
– Alkaline fuel cells
– Reversible fuel cells
2. Fuel Cells By Products Forms :
– Stationary Fuel Cell
– Portable Fuel Cell
– Transportation Fuel Cell
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