Hydrogen and Fuel Cells Market Research 2020 Share, Segmentation by 2025

Posted by Anvi on March 27th, 2020

Hydrogen and Fuel Cells Market Synopsis:

Market Research Future (MRFR) has offered a study that highlights that the global hydrogen and fuel cells market is expected to register 25.09% CAGR across the review period. Hydrogen and fuel cells function as a battery to convert chemical potential energy into electrical energy. As hydrogen doesn’t lead to harmful emissions, the product is gaining much popularity. The trend is expected to continue over the next couple of years, thus supporting market growth.

Implementation of stricter laws for safeguarding environments and reducing carbon footprint is the driver of the hydrogen and fuel cells market. It is prognosticated to catapult the global market on its growth trajectory. The proponents of energy efficiency are prompting the large-scale adoption of hydrogen as an efficient source of energy. It is expected to influence the growth pattern of the Hydrogen and Fuel Cells Market Research greatly in the years to come.

Market Segmentation:

By type, the global hydrogen and fuel cells market has been bifurcated into air-cooled type and water-cooled type.

By application, the hydrogen and fuel cells market have been segmented into stationary, transport and portable.

Regional Analysis:

The geographical assessment of the global hydrogen and fuel cells market covers four regional segments that are further studied on a country-level basis. The major regions analyzed in this MRFR report are – Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA). Europe is an important regional segment as the governments are promoting the adoption of these cells in the region. Rising inclination towards environment protection laws being implemented, the hydrogen and fuel cells market in the region is presumed to scale new heights over the assessment period. Asia Pacific is also supposed to grow substantially in the years to come. The rising energy demand of the region is likely to drive the growth of the market in the nearby future.

Competitive Dashboard:

Panasonic Corporation (Japan), Plug Power Inc. (U.S.), FuelCell Energy, Inc. (U.S.), Intelligent Energy Holdings plc (U.K.), Ballard Power Systems. (Canada), Hyster-Yale Group (U.S.), Doosan Fuel Cell (U.S.), Hydrogenics Corporation (Canada), Pearl Hydrogen (China), Nedstack fuel cell technology BV. (Netherlands), and Horizon Fuel Cell Technologies (Singapore) are the eminent players of the global hydrogen and fuel cells market. Some of the growth trajectories followed by key players are mergers & acquisitions, strategic partnerships, collaborations, agreements, etc. Technological innovations by these participants are anticipated to boost the competitiveness in the global hydrogen and fuel cells market over the next couple of years.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Like it? Share it!


Anvi

About the Author

Anvi
Joined: October 25th, 2019
Articles Posted: 461

More by this author