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German Fuel Cell Technology Market is expected to grow with a CAGR of 70% by 2024

Thursday, January 12, 2017 6:30
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(Before It's News)

A Fuel Cell Market is a kind of battery which generates electricity from an electrochemical reaction. It uses an external supply which works continuously as long as it is supplied hydrogen and oxygen. In the process of oxidation, hydrogen by making chemical reaction with oxygen and release water which is used in the process where electrons is released and hence produce electric current. There are various types of fuel cells such as Proton exchange membrane (PEM), Solid oxide fuel cells (SOFC), among others.

Fuel cell is a kind of alternative energy where it has been commercialized into micro cogeneration & heat production, and backup power for telecom towers. It is showing strong growth in future as it offers more applicability and reliability than other alternatives such as wind and sun.

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Market Segmentation

Global Fuel cell technology market by Fuel types:

  • Hydrogen
  • Natural gas/ Methane
  • Methanol
  • Anaerobic Digester gas

Global Fuel cell technology market by Method:

  • Polymer/ Proton exchange membrane fuel cells (PEM)
  • Solid oxide fuel cells (SOFC)
  • Molten carbonate fuel cells (MCFC)
  • Phosphoric acid fuel cells (PAFC)

Global Fuel cell technology market by Applications:

  • Stationary
  • Transportation

Key Player

Some of the major market players in Global Fuel Cell Technology Market include AFC Energy PLC; Ceres power Holdings PLC, Genport SRL, SFC energy AG, TOPSOE Fuel cell, and Ned stack fuel cell Technology

Taste the market data and market information presented through more than 100 market data tables and figures spread in 136 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Fuel Cell Technology Market Research Report- Global Forecast to 2024

 Browse Full Research Report @ https://www.marketresearchfuture.com/reports/fuel-cell-technology-market

Regional Analysis

Europe:

Europe is one of the fastest growing regions in fuel cell technology market due to creating a roadmap of reducing emission of carbon di oxide by more than 80% by 2050. To achieve the target Europe is planning to improve the infrastructure and reducing the cost of the fuel cells.

Germany:

German Fuel cell technology market is expected to grow with a CAGR of more than 70% during the forecasted period 2015-2027. Germany accounts for more than 70% fuel cell

United Kingdom (UK):

UK Fuel cell technology market is expected to grow with a CAGR of more than 25% during the forecasted period 2015-2027. At present, UK exports more than 50% of the fuel cell products to other countries.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

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Market Research Future

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Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

Web: https://www.marketresearchfuture.com

 

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