Global Fuel Cell Market by Blackridge

HYDERABAD, India - Jan. 11, 2022 - PRLog -- A new report from Blackridge Research examines the drivers, restraints, and regional trends influencing the fuel cells market demand.

Hydrogen and fuel cells have arguably suffered a 'lost decade' after high expectations in the 2000s failed to materialize. In recent years, however, fuel cell technology is regaining momentum owing to a combination of factors such as improvements in technology, manufacturing and strengthened resolve to mitigate climate change, the emerging age of gas, consequential developments from major players in the transportation industry and the rise of distributed power.

Over the last decade, renewable energy technologies (solar and wind) moved from niche applications to mainstream power technologies. Similarly, fuel cells adoption is expected to mirror the renewable energy transition across the world. Fuel cells are being considered as one of the go-to solutions by various countries to decarbonize major sectors and meet emission reduction targets. In FCEVs (Fuel Cell Electric Vehicles), fuel cell technology provides shorter refueling time, extended driving range among many other benefits.

"Many fuel cell manufacturers and automotive OEMs are investing in increasing manufacturing capacity to reduce costs and cater to demand in the coming years.

In the long term, FCEV deployment is expected to be significant. However, currently, despite several benefits, FCEVs' mass-market adoption is limited by three major problems: high costs, technical challenges, and lack of distribution infrastructure and hydrogen production. With increasingly stringent emissions regulations, expectations regarding the future FCV market are growing but the uptake is predicted to be significant only in the long term. This is because of the significant barriers including achievement of cost reductions by OEMs, development of infrastructures, and identification and standardization of the most efficient solution for hydrogen production." says Rajashekar Lokam, Principal Analyst with Blackridge Research.

The report, Global Fuel Cell Market (https://www.blackridgeresearch.com/reports/global-fuel-ce...), aims to provide an in-depth look at the drivers and challenges for this growing market.

The study also comprehensively analyses the fuel cell market by segmenting it based on geography (North America, Europe, Asia-Pacific, Rest of the World), by Application (Transportation, Stationary and Portable), and by Type (PEMFC, SOFC, MCFC, PAFC and Other Types).

Further, fuel cell market size, demand forecast, growth rates, and trade (imports and exports) will also be provided in the report. The sample of the report is available for FREE download on Blackridge's fuel cell market (https://www.blackridgeresearch.com/reports/global-fuel-cell-market) website.

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Additional information about Blackridge Research & Consulting can be found at www.blackridgeresearch.com.

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