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Throughout the forecast period, the fuel cells market is projected to grow at a CAGR of 28.21%, reaching US$13.830 billion by 2023. This section explains the whole market in conjunction with numerous drivers, restraints, and opportunities that exist within the current market.
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Summary • Fuel cells convert chemical energy from a fuel into electricity with the help of a chemical reaction. • The growing trend towards the generation of renewable energy, global initiatives towards collective environmental responsibly and growing awareness regarding clean energy are some of the factors driving the fuel cells market significantly. • During the forecast period, the fuel cells market is projected to grow at a CAGR of 28.21%, reaching US$13.830 billion by 2023, from US$3.114 billion in 2017. • North America and Europe hold the largest share in the global market while the market in the Asia Pacific is expected to witness the highest growth rate over the next six years.
Research Methodology • Low-temperature fuel cells • Proton Exchange Membrane Fuel Cell (PEMDC) • Direct Methanol Fuel Cell (DFMC) • Alkaline Fuel Cell. (AFC) • High-temperature fuel cells • Phosphoric Acid Fuel Cell (PAFC) • Molten Carbonate Fuel Cells( MCFC) • Solid Oxide Fuel Cells (SOFC)
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Segmentation • By Application • Stationary Power • Portable Power • Transportation • By Geography • Americas • North America • South America • Europe Middle East and Africa • Europe • The Middle East and Africa • Asia Pacific
Market Players • Market Players • Ballard Power Systems • FuelCell Energy, Inc. • Hydrogenics • Plug Power Inc. • Others
Table of Contents • Introduction • Research Methodology • Executive Summary • Market Dynamics • Fuel Cells Market Forecast By Type (US$ billions) • Fuel Cells Market Forecast By Application (US$ billions) • Fuel Cells Market By Geography (US$ billions) • Competitive Intelligence • Company Profiles • Appendix
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