The global hydrogen
fuel cell market is forecast to reach USD 49.12 Billion by 2026,
according to a new report by Reports and Data. A fuel cell is a device that
helps generate electrical power through a chemical reaction. Hydrogen fuel
cells convert hydrogen to generate electricity.
These types of cells require a
continuous source of fuel and oxygen to run. The hydrogen fuel cell has such
great appeal because their only by-products are water vapor and heat, which
makes it a truly zero-emission locomotive technology. Hydrogen is still in its
infancy as a fuel source, but its future is very bright. Hydrogen fuel cell
technology is improving daily, and the possibility of its conceivability as an
alternative to internal combustion engines are growing.
The National Aeronautics and
Space Administration’s (NASA) plans to return to the moon is spurring the
research in hydrogen fuel cells. These cells are light in weight and last
longer which makes it more attractive. Hydrogen fuel cells are used in space
shuttle as one component of the electrical power system. NASA is addressing
aerospace challenges that include reduced gravity, low or no atmospheric
pressure, extreme temperatures, dynamic vibration, shock loads and extended
duration operations. For airless space applications, the focus is on
closed-cycle regenerable Polymer Exchange Membrane Fuel Cells technology. With
the appropriate investments and collaborations, NASA intends to revolutionize
aerospace power generation to enable new capabilities.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- Polymer Exchange Membrane Fuel Cells use precious
metal, such as platinum, along with a polymer, for its catalyst. It is
preferred over other technologies as it can operate at cooler
temperatures, between 80 to 200 degrees Fahrenheit. It operated between
40%-60% efficiency and can also handle large and sudden shifts in power
output. They are used in telecommunications, residential markets, and data
centers.
- Air-Cooled type dominated the segment of hydrogen
fuel cell product type. Passing of ambient air either through additional
cooling plates or cathode is the simplest method of removing waste heat
from fuel cells. Examples include: the Suzuki Burgmann fuel cell scooter
which utilizes a 1.6 kW air-cooled stack, and the Microcab H2EV which
utilizes a 3.0 kW Horizon open cathode fuel cell in a battery hybrid
arrangement.
- Hydrogen fuel cell vehicles combine the refueling and
range of conventional cars and the environmental and recreational benefits
of driving on electricity. Refueling a fuel cell vehicle is compared to
refueling a car or a truck. Pressurized hydrogen is available at hydrogen
refueling stations, and takes less than 10 minutes to fill current
models.
- North America led the market for hydrogen fuel cells.
The hydrogen fuel cells are being increasingly used owing to the rising
awareness of its benefits. In the U.S., about 60 hydrogen fueling stations
are operational. Approximately 40 stations are for public use, and almost
all of them are in California. The state of California has taken measures
to promote a consumer market for zero-emission fuel vehicles.
- Key participants include Toshiba Corporation,
Panasonic Corporation, Hyster-Yale Group, Fuelcell Energy, Intelligent
Energy, SFC Energy AG, Sunrise Power, Ballard Power, Pearl Hydrogen, and
Plug Power Inc., among others.
Complete Report Info is Available @ https://www.reportsanddata.com/sample-enquiry-form/2061
For the purpose of this report,
Reports and Data have segmented into the global Hydrogen Fuel Cell market on
the basis of product type, fuel cell technology type, application, and region:
Product Type Outlook (Volume:
Kilo Tons; Revenue: USD Billion; 2016-2026)
- Liquid-Cooled Type
- Air-Cooled Type
Fuel Cell Technology Type
Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Polymer Exchange Membrane Fuel Cells
- Phosphoric Acid Fuel Cells
- Solid Oxide Fuel Cells
- Direct Methanol Fuel Cells
- Molten carbonate fuel cells
Application Outlook (Volume:
Kilo Tons; Revenue: USD Billion; 2016-2026)
- Automotive
- Stationary
- Material handling equipment
- Electricity
- Portable Power
Regional Outlook (Volume: Kilo
Tons; Revenue: USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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