Global Fuel Cell Market - Expected to Garner $8,643 Million by 2022 - By Type, Application & Geography - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Fuel Cell Market" report to their offering.

Fuel Cell Market Report forecasts that the global market is expected to garner $8,643 Million by 2022, registering a CAGR of 17.36% during the period 2016 - 2022. In 2015, the proton exchange membrane fuel cells occupied two-fifths of the total share by volume.

Strict governmental regulations, increase in distributed power systems, and high efficiency of fuel cells are the major driving forces that will escalate the demand for fuel cells with applications in automation and power generation set-ups. Unlike conventional power generation sources, fuel cells do not emit hazardous gases and pollution that is harmful to the environment. Also, depletion of natural resources, carbon emissions, and rising cost of fossil fuels is paving the way for alternate means of transportation and power generation. Therefore, both public and private sectors have taken continuous efforts to reduce carbon emissions and save fuel. Strict government regulations related to CO2 & SO2 emissions is driving the fuel cell market. In addition, the Go Green revolution is also driving the growth of the market.

Stringent government regulations related to carbon emissions are expected to propel the growth of the fuel cell market during the forecast period. Furthermore, stationary fuel cells can be used as a means of distributed power generation, which offers various advantages. Power is generated near the consumer area and so the loss of energy in transmission is extremely small in comparison with the losses seen in large and centralized generation systems.

Companies Mentioned

  • AFC Energy Plc
  • Ballard Pwer Systems Inc.
  • Fuel Cell Energy Inc.
  • Fuji Electric India Pvt. Ltd.
  • Hydrgenics
  • ITM Pwer Plc
  • Plug Pwer Inc.
  • Prtn Pwer Systems PLC
  • SFC Energy
  • United Technlgies

Key Topics Covered:

Chapter: 1 Introduction

Chapter: 2 Executive Summary

Chapter: 3 Market Overview ll

Chapter: 4 Global Fuel Cell Market, By Type

Chapter: 5 Global Fuel Cell Market By Application

Chapter: 6 Global Fuel Cell Market By Geography

Chapter: 7 Company Profile

For more information about this report visit http://www.researchandmarkets.com/research/8zpxpn/fuel_cell_market.

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Fuel Cells

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Fuel Cells