Global Fuel Cell Market is Expected to Grow at a CAGR of 18.0% During the Forecast Period (2016-2024)

fuel cell industry

New York, USA, 2018-May-10 — /EPR Network/ —According to Goldstein Research, recent development in transportation and logistics sector is fuelling the growth of global fuel cell market all across the globe. Encouraging policies and regulations to curb the pollution is another factor boosting the demand for the fuel cell technology market.  Moreover, governments of Korea, China, Japan and Norway are providing monetary and non-monetary incentives for the consumers buying fuel cell electric vehicles.

Global fuel cell market outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Rising shipments of fuel cell vehicles of Toyota and Hyundai, coupled with growing shipments of stationary fuel cell systems from Korea and Japan is also propelling the demand of fuel cell market all across the globe.

Market Segmentation

On the basis of our in-depth analysis, global fuel cell market can be segmented as follows:

By Fuel Cell Type

  • Alkaline Fuel Cell
  • Phosphoric Acid Fuel Cell
  • Molten Carbonate Fuel Cell
  • Solid Oxide Fuel Cell
  • Proton Exchange Membrane Fuel Cell
  • Direct Methanol Fuel Cell

By Fuel Cell Application

  • Stationary Power Generation
  • Portable Power Generation
  • Power Generation for Transportation

 Based on Geography

  • North America (U.S. & Canada) Fuel Cell Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Fuel Cell Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Fuel Cell Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Fuel Cell Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Fuel Cell Market {Market Share (%), Market Size(USD Billion)}

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Global Fuel Cell Market Outlook 2024contains a detailed overview of the global fuel cell market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by fuel cell type and by applications.

Further, for the in-depth analysis, Global Fuel Cell Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Toshiba, SFC Energy, SolidPower GmbH, Hydrogenic Corporation, Nuvera Fuel Cells, United Technologies, AFC Energy PlC, Fuel Cell Energy, Ballard Power Systems. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global fuel cell market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Browse full Report @

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on energy sector insights report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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