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According to the latest report by IMARC Group,the global fuel cell market reached a value ofu00a0 US$ 5.9 Billion in 2020.<br>Fuel cells are electrochemical devices that convert chemical energy into electrical power. They are clean, energy-efficient, scalable, reliable, durable and can be combined with other energy technologies, such as wind turbines, solar panels, and super-capacitors.
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Global Fuel Cell Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Fuel Cell Market Outlook 2026: According to the latest report by IMARC Group, titled “Fuel Cell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global fuel cell market reached a value of US$ 5.9 Billion in 2020. Fuel cells are electrochemical devices that convert chemical energy into electrical power. They are clean, energy-efficient, scalable, reliable, durable and can be combined with other energy technologies, such as wind turbines, solar panels, and super-capacitors. As modern fuel cells work on pure hydrogen, they emit a negligible amount of pollutants in comparison to diesel- or gas-based fuel cells. Over the years, fuel cell technology has gained wider acceptance as these cells act as an alternative to conventional and unconventional energy sources. They help to lower environmental pollution as well as reduce the economic dependence on diesel and crude oil imports.
Report Description and Highlights Report Description Global Fuel Cell Market Trends: In recent years, a rise in the number of fuel cell vehicles and buses in China, Japan and Korea has broadened the growth prospects of the market in these countries. Apart from this, the depletion of fossil fuels has encouraged the governments of various nations to implement numerous policies and initiatives and promote the use of sustainable energy alternatives. For instance, the Australian government has proposed to convert the gas distribution system to clean hydrogen by 2030. Similarly, the German government aims to reduce greenhouse gas emissions by 40% until 2020. Moreover, the Fuel Cell Technologies Office (FCTO) in the United States provide funds for research and development (R&D) activities to reduce the cost and improve the processes for fuel cell systems. On account of the aforementioned factors, the market is expected to witness moderate growth during 2021-2026. Request for a free sample report: https://www.imarcgroup.com/fuel-cell-market/requestsample
Report Description Report Description and Highlights Market Summary: Breakup by Product Type: • Proton Exchange Membrane Fuel Cells (PEMFC) • Solid Oxide Fuel Cells (SOFC) • Molten Carbonate Fuel Cells (MCFC) • Direct Methanol Fuel Cells (DMFC) • Phosphoric Acid Fuel Cells (PAFC) Breakup by Application: • Stationary • Transportation • Portable Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa
Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • Ballard Power Systems Inc. • Bloom Energy Corporation • Toshiba Fuel Cell Power Systems Corporation • Fuel Cell Energy Inc. • Plug Power Inc. • Nuvera Fuel Cells Inc. • AFC Energy PLC • SFC Energy AG • Mitsubishi Hitachi Power Systems Ltd. • Panasonic Corporation • Intelligent Energy Limited • Doosan Fuel Cell America Inc. View Report TOC, Figures and Tables : https://www.imarcgroup.com/fuel-cell-market
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