Global
Hydrogen and
Fuel Cells Market is expected to
exhibit a significant market growth during the forecast period. Fuel cell
systems function on hydrogen with zero pollution. The by-products are heat and
pure water. At present internal combustion engine systems exhibit thin mixtures
of hydrogen and air that might result in extremely low pollution levels
occurring due to burning of lubricating oil. Fuel cells systems are driven at a
higher thermodynamic efficiency over heat engines. Heat engines such as engines
and turbines transform chemical energy into heat through combustion and use heat
energy for motion.
In
case of fuel cells, there is no combustion and their efficiency does not
pertain to max operating temperature. Consequently, the efficacy of the power
conversion step is significantly higher. Hydrogen and fuel cell market is driven
by rise in demand for renewable fuel sources and environmental concerns owing
to pollution. Demand for power enabled sources and consumer awareness are
adding to the growth factors. In addition, growing applications of hydrogen and
fuel cells are more likely to supplement the market growth during the forecast
period. Decline in fuel prices and rise in infrastructural developments across
the world supplements the market growth in the forecast period.
Segmented
by type, the market comprises air-cooled type and water-cooled type. By
application, the market involves transport, stationary and portable.
Geographical segment for hydrogen and fuel cells market comprises North
America, South America, Europe, Asia-Pacific, Middle East and Africa. European
market is highly predicted to witness a robust market growth during the
forecast period due to demand for fuel applications. North America market is
likely to witness a remarkable growth during the forecast period thanks to
infrastructural development and inclination towards renewable source of energy.
The
key players profiled in the hydrogen and fuel cells market is Intelligent
Energy Holdings plc, Plug Power Inc, Ballard Power Systems, Nedstack Fuel Cell
Technology B.V., Hydrogenics Corporation, Doosan Fuel Cell, Horizon Fuel Cells
Technologies and FuelCell Energy Inc.
Market Segment:
Leading players of Hydrogen and Fuel
Cells including:
•
Panasonic
•
Toshiba
•
Siemens
•
Fuji Electric
•
POSCO ENERGY
•
Bloom Energy
•
JX Nippon
•
FuelCell Energy
•
Ballard Power
•
Plug Power
•
Doosan PureCell America
•
Altergy
•
SOLIDpower
Market split by Application, can be
divided into:
•
Residential
•
Telecommunications Network
•
Secure Communications
•
Other
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
Comments
Post a Comment