For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
A fuel cell is an electrochemical cell that converts the chemical energy from a fuel into electricity through an electrochemical reaction of hydrogen fuel with oxygen or another oxidizing agent. Fuel cells are different from batteries in requiring a continuous source of fuel and oxygen (usually from air) to sustain the chemical reaction, whereas in a battery the chemical energy comes from chemicals already present in the battery. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.
The Fuel Cell market revenue was 3643.92 Million USD in 2022, and will reach 12091.42 Million USD in 2028, with a CAGR of 22.13% during 2022-2028.
This report elaborates the market size, market characteristics, and market growth of the Fuel Cell industry, and breaks down according to the type, application, and consumption area of Fuel Cell. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the leading companies.
In Chapter 2.3 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Fuel Cell in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
Chapter 2.5 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
In addition, chapters 6-10 consider the impact of COVID-19 on the regional economy.
Key players in the global Fuel Cell market covered in Chapter 11:
SFC Energy AG
Nuvera Fuel Cells LLC
Cummins Inc.
Mitsubishi Power Ltd
Ballard Power Systems Inc.
Toshiba Fuel Cell Power Systems Corporation
Plug Power Inc.
Intelligent Energy Limited
Horizon Fuel Cell Technologies Pte. Ltd
FuelCell Energy Inc.
In Chapter 3, on the basis of types, the Fuel Cell market from 2018 to 2028 is primarily split into:
PEMFC
PAFC
SOFC
MCFC
Others
In Chapter 4, on the basis of applications, the Fuel Cell market from 2018 to 2028 covers:
Vehicles
Utilities
Defense
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2028) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10:
North America (Covered in Chapter 6)
United States
Canada
Mexico
Europe (Covered in Chapter 7)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8)
China
Japan
South Korea
Australia
India
Middle East and Africa (Covered in Chapter 9)
Saudi Arabia
UAE
Egypt
South Africa
South America (Covered in Chapter 10)
Brazil
Argentina
Columbia
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028