Fuel Cell Market Growth Strategies, Competitive Landscape, Factor Analysis, 2030

1. Fuel Cell Market Size Worth USD 21.54 Billion in 2030 Rising adoption of fuel cells in the military applications is a key factor driving fuel cell market revenue growth www.emergenresearch.com

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5. Market Summary The global Fuel Cell Marketsize reached USD 4.26 Billion in 2021 and is expected to register a revenue CAGR of 22.8% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of fuel cells in military applications across the globe is the key factor driving revenue growth of the market. Fuel cells are becoming an attractive option for military applications. Its ability to generate clean, reliable electricity from hydrogen on-site is being used in a variety of ways to assist soldiers in protecting national security while also improving energy efficiency. Hydrogen fuel cells can extend Unmanned Aerial Vehicle (UAV) flight time to approximately eight hours and can be refueled in less than 15 minutes after landing. The fuel cell-powered UAV also requires less maintenance and no lubricants. The Navy's U.S. Naval Research Laboratory and General Motors (GM), developed a long-endurance unmanned undersea vehicle (UUV). The Navy began using fuel cells in UUVs instead of batteries to allow for larger payloads and longer runtimes. On 17 June 2021, General Motors and Liebherr-Aerospace announced to collaborate on the development of an electrical power generation system based on hydrogen fuel cell technology for aircraft applications. Growing adoption of fuel cell technology in military applications is expected to boost revenue growth of the market during the forecast period. Read More : https://www.emergenresearch.com/industry-report/fuel-cells-market www.emergenresearch.com

6. Market Summary Some Key Highlights from the Report Polymer Electrolyte Fuel Cells (PEFCs) segment revenue is expected to increase at a steady rate over the forecast period due to the rising adoption of PEFCs in transportation and stationary applications. PEMFCs produce electricity and work on the inverse principle of PEM electrolysis. It is a strong contender to replace alkaline fuel-cell technology. The transportation segment is expected to register a significantly fast revenue growth rate over the forecast period due to the growing adoption of fuel cells in automotive. Rising awareness of fossil fuel emissions across the globe creates high demand for fuel cell vehicles across the globe. In May 2022, French multinational automobile manufacturer Renault announced to launch electric-hydrogen hybrid concept car. The market in Asia Pacific accounted for largest revenue share in the global fuel cell market in 2021 due to the growing adoption of fuel cell vehicles in countries across the region, especially in China, Japan, South Korea, and Japan. The government of China is planning to roll out 50,000 fuel cell vehicles by 2025. The hydrogen roadmap outlines the country's fuel cell ecosystem development between 2025 and 2035. The country also intends to produce 200,000 tons of green hydrogen per year by 2025. Request Free Sample @ https://www.emergenresearch.com/request-sample/100 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented global fuel cell market on the basis of size, type, application, end-use, and region: • Size Outlook (Revenue, USD Billion; 2019-2030) • Small Scale • Large Scale • Type Outlook (Revenue, USD Billion; 2019-2030) • Proton-Exchange Membrane Fuel Cell (PEMFC) • Polymer Electrolyte Fuel Cell (PEFC) • Direct Methanol Fuel Cell (DMFC) • Molten Carbonate Fuel Cell (MCFC) • Phosphoric Acid Fuel Cell (PAFC) • Alkaline Fuel Cell (AFC) • End-Use Outlook (Revenue, USD Billion; 2019-2030) • Commercial & Industrial • Military & Defense • Transportation • Residential • Utilitis & Government • Request customization @ https://www.emergenresearch.com/request-for-customization/100

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