Lewes, DE -- (SBWire) -- 06/30/2015 --Report forecast the global fuel cell market to grow at CAGRs of 30.40% and 31.91% in terms of unit shipment and MW shipment, respectively, over the period 2014-2019.
A fuel cell converts chemical energy into electrical energy through an electromechanical reaction. It is similar to a battery. A fuel cell consists of two electrodes, anode (positive) and cathode (negative), and an electrolyte that carry electrically charged elements from one electrode to another. A catalyst is required in the fuel cell, which speeds up the reaction taking place in the electrodes. Fuel cell creates little pollution because it uses hydrogen as the fuel.
The hydrogen combines with oxygen to form water, which is a harmless by-product. This pollution reduction is one of the major reasons for the increased adoption of fuel cell. Various fuels that can be used in a fuel cell are methanol, biogas, hydrogen, natural gas, and hydrocarbons.
The report covers the present scenario and the growth prospects of the global fuel cell market for the period 2015-2019. The report provides the segmentation of the market based on the following criteria: application, fuel cell type, and geography.
Global Fuel Cell Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects of the market in the coming years. The report includes a discussion of the key vendors operating in this market.
Key players in the Global Fuel Cell Market: Ballard Power Systems Inc., Bloom Energy Corp., Doosan Fuel Cell, Fuelcell Energy Inc. and Hydrogenics Corporation
Other Prominent Vendors in the market are: ACAL Energy, Acumentrics, Altergy Systems, Aquafairy, Baxi Innotech, Bing Energy, Bosch Thermotechnology, Danthem Power, DDI Energy, Delphi Automotive Systems, Elcore, Electro Power Systems, EnergyOr, H2 Logic, Heliocentrics, Infinitium Fuel Cell Systems, Intelligent Energy, Novofuel, Nuvera Fuel Cell, Oorja Protonics, Proton Motor, ReliOn, Symbio FCell and Watt Fuel Cell
According to the report, abundant energy sources and emerging applications are major factors driving the global fuel cell market. Hydrogen is used in stationary fuel cells as it is the lightest, most abundant chemical in the universe.
Market Driver
- Development of Hydrogen Infrastructure
- For a full, detailed list, view our report
Market Challenge
- Functional Issues
- For a full, detailed list, view our report
Market Trend
- Increased Investment in R&D
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 118 pages, "Global Fuel Cell Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Application, Market Segmentation by Fuel Cell Type, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-fuel-cell-market-2015-2019
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