Global Fuel Cell Market Forecast 2023-2038 – Market Size, Drivers, Trends, And Competitors
The global fuel cell market is projected to reach USD 8.7 billion by 2028 from an estimated USD 3.3 billion in 2023, at a CAGR of 21.7% during the forecast period. The growing use of electronic devices in emergency, off-grid, and automotive applications will benefit the fuel cell generator business.
This report segments the fuel cell market based on type into proton exchange membrane fuel cell,...
Fuel Cell Market worth $8.7 billion by 2028 – Emerging Trends and Opportunities Analysis
According to a research report “Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicle (FCVs)), End User (Residential, C&l, Transportation, Data Center, Military & Defense), Size, Fuel, Component and Region – Global Forecast to 2028″ published by MarketsandMarkets, the fuel cell market is projected to reach USD 8.7 billion...
Solid Oxide Fuel Cell Market Expecting Huge Demand in Upcoming Years with a CAGR of 31.0%
New Revenue Pockets:
The global solid oxide fuel cell market is projected to reach USD 5.4 billion by 2028 from an estimated USD 1.4 billion in 2023, at a CAGR of 31.0% during the forecast period. The growing use of electronic devices in emergency, off-grid, and automotive applications will benefit the fuel cell generator business.
Key Market Players
Prominent companies in this market include...
Navigating the Future: Insights into the Booming Fuel Cell Market
The emissions from vehicles account for more than 15% of the global greenhouse emissions. Hence, governments all over the world are finding alternative power sources for use in the transportation sector. The adoption of fuel cell vehicles (FCVs) in the sector is expected to increase in the near future, as there is zero owing to the absence of CO2 emissions during vehicle operation. Therefore,...
Fuel Cell Market Is Expected to Generate Huge Profits by 2022-2027
The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. Stringent emission norms across the globe is a driving factor for the market growth. Moreover, increase adoption of clean and green technologies in public and private transport to boost the market in near future.
Increasing urge for cleaner transportation...
Rising at 26.0% CAGR, Global Fuel Cell Market, Forecast to 2027
Fuel Cell Market New Revenue Pockets:
The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. Stringent emission norms across the globe is a driving factor for the market growth. Moreover, increase adoption of clean and green technologies in public and private transport to boost the market in near future.
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Automotive Fuel Cell Market- Trends & Scenario (2021–2028)
The global Electric Automotive Fuel Cell Market size is projected to reach 596,255 units by 2028, from an estimated 20,168 units in 2021, at a CAGR of 62.2%.
Factors such as growing demand for long-range zero-emission commuting and governments supporting low emission vehicles through subsidies & tax rebates have compelled Vehicle Manufacturers to invest in low emission vehicles which have...
What’s Driving Global Solid Oxide Fuel Cell Market Demand? A New Analysis Examines Key Trends Through 2025
According to the new market research report “Solid Oxide Fuel Cell Market by Type (Planar and Tubular), Application (Power Generation, Combined Heat & Power, and Military), End-Use (Data Centers, Commercial & Retail, and APU), Region (North America, Asia Pacific, and Europe) – Global Forecast to 2025” published by MarketsandMarkets™.
Revenue Growth Opportunities and...