The global investment and initiative for green energy, is creating a scope for the development of hydrogen cell during the forecast period. The rising application of hydrogen fuel cell systems in cold regions across the world for combined heat and power, primarily for heating and power generation at residential level, is one of the prime factors that would result in the market growth. The developed as well as developing economies across the globe are currently focusing on clean energy generation, efficiently. Various associations and government have reformed their energy policy to fulfil the growing demand for power from the increasing population. Hydrogen fuel cells provide an efficient way to fulfil the growing need of the power for heating and energy generation. Hydrogen fuel cell market is expected to witness phenomenal growth in the European, North American and North Asian countries due to rise in government incentive scheme for heating and powering residential sectors through Micro-CHP.
Industry Major Key Players:-
The key players of global hydrogen and fuel cells market are Panasonic Corporation (Japan), FuelCell Energy, Inc. (U.S.), Plug Power Inc. (U.S.), Intelligent Energy Holdings plc (U.K.), Hyster-Yale Group (U.S.), Ballard Power Systems. (Canada), Doosan Fuel Cell (U.S.), Nedstack fuel cell technology BV. (Netherlands), Hydrogenics Corporation (Canada), Pearl Hydrogen (China), and Horizon Fuel Cell Technologies (Singapore).
Scope of the Report:-
This study provides an overview of the global Hydrogen and Fuel Cells market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Hydrogen and Fuel Cells market by type, by type, by application, and by regions.
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Major Points From TOC:-
1 Executive summary
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Assumptions 16
2.4 Market Structure 17
3 Research Methodology$ 0.00
3.1 Research Process 20
3.2 Primary Research 20
3.3 Secondary Research 20
3.4 Market Size Estimation 21
3.5 Forecast Model 21
4 Market Dynamics
4.1 Drivers 23
4.1.1 Growing Demand In The Automotive, Telecommunications And Residential Micro-CHP Sectors 23
4.1.2 Reduced Dependency On Non-Conventional Energy Sources 24
4.2 Restraint 25
4.2.1 Shorter Durability Of Fuel Cell 25
4.3 Opportunity 26
4.3.1 Potential In Emerging Economies 26
4.4 Challenge 27
4.4.1 Fuel Storage Infrastructure 27
To be continued……
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It is evident that the developed nations across the world are highly concentrating on making hydrogen as a reliable and efficient energy producing source. The numerous benefits of fuel cells across major sectors to produce emission-free energy will create a huge impact shortly. Top automakers such as Toyota, Hyundai, Honda and Daimler have recently unveiled their hydrogen fuel powered vehicles in the market pertaining to their zero-emission quality. Fuel cell solutions have evolved significantly since they were introduced to the Automotive, Telecommunications and Residential Micro-CHP Sectors. The major economies around the world have currently implemented specific plans to promote clean energy by focusing on hydrogen fuel cell technology. The high efficiency of the fuel cell system comes along with lower capital expenditures for backup power equipment. All these initiatives will highly influence the growth rate of hydrogen fuel market. Ene.field will deploy up to 1,000 residential fuel cell Combined Heat and Power (micro-CHP) installations, across 11 key European countries till 2020. Also, Tokyo Gas under Ene-farm Japan Programme aims to sell 300,000 home-use fuel cell system by 2020.