Press release
Fuel Cell Market Industry Size, Analysis, Growth, Trends, Share and Forecast 2025
The global fuel cell market is estimated to witness potential growth during the forecast period. Favorable government initiatives for the adoption of fuel cell technology is offering enormous opportunity for the growth of the market. The government and several private sector companies are working to leverage their commitments to fuel cells and hydrogen, to strengthen its energy infrastructure. As per the Fuel Cell & Hydrogen Energy Association (FCHEA), in Japan, in 2018, nearly 265,000 ENE-FARM residential fuel cells, have been deployed for residential application. By 2030, Japan plans to install 5.3 million of such residential fuel cell units.
Get Sample Copy of Fuel Cell Market at: https://www.omrglobal.com/request-sample/fuel-cell-market
These companies include AT&T, Adobe, Apple, CBS, Cox Communications, Coca-Cola, Delmarva Power, Honda, eBay, Google, Walmart, Microsoft, and among others.
With this initiative, the government aims to move towards a self-sustaining energy future. In the transportation sector, fuel cell and hydrogen have also flourished in Japan with government initiatives and industry innovation and; by 2018, over 2,800 fuel cell vehicles (FCVs) were on the roads, led by Toyota and Honda. The industrial application of fuel cells has also continued to emerge, with 100 forklifts powered by fuel cell operating in Japan in 2018. In January 2018, Japan's Ministerial Council on Renewable Energy, Hydrogen and Related Issues exposed a novel strategy that enables Japan to move towards the global path to a carbon-free society.
A full report of Global Fuel Cell Market is available at: https://www.omrglobal.com/industry-reports/fuel-cell-market
This strategy is intended to encourage the demand for hydrogen FCVs by decreasing the cost of hydrogen fuel to nearly one-fifth of its current cost by 2050. With the competitive pricing of hydrogen fuel against liquefied natural gas and gasoline, the country can reach near to its target of 40,000 FCVs on the road by 2020 and 800,000 by 2030. In addition, the Japanese government plans to introduce new regulatory reforms which aim to leverage the building of hydrogen fuel stations, with nearly 320 stations by 2025.Further, in South Korea, as of 2018, 14 hydrogen fueling stations and 2,000 FCVs were in operation across South Korea. South Korea estimates nearly 6.2 million vehicles combined with 1,200 hydrogen stations by 2040.
A partnership between SK E&C and Bloom Energy, a fuel cell manufacturer reported in November 2018, has strengthened the energy potential for stationary fuel cell systems in the country, as the country has been investing in and focusing on installing fuel cells on large-scale. With the support of Bloom Energy Servers, SK E&C will deliver 6 MW of fuel cell stacks to South Korea's regional power generation companies, Korea Midland Power Co. (KOMIPO). This project will be implemented in the Seoul metropolitan area and will power over 12,000 homes. These kinds of government initiatives to increase the installation and adoption of fuel cell technology will drive the global fuel cell mallet in the near future.
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/fuel-cell-market
Fuel Cell Market Segmentation
By Type
o Polymer Electrolyte Membrane Fuel Cell (PEMFC)
o Solid Oxide Fuel Cell (SOFC)
o Molten Carbonate Fuel Cell (MCFC)
o Phosphoric Acid Fuel Cell (PAFC)
o Others (Alkaline Fuel Cell (AFC) and Direct Methanol Fuel Cell (DMFC))
By Application
o Stationary
o Portable
o Transportation
Fuel Cell Market - Segment by Region
North America
o United States
o Canada
Europe
o Germany
o United Kingdom
o France
o Spain
o Italy
Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit https://www.omrglobal.com/
Get Sample Copy of Fuel Cell Market at: https://www.omrglobal.com/request-sample/fuel-cell-market
These companies include AT&T, Adobe, Apple, CBS, Cox Communications, Coca-Cola, Delmarva Power, Honda, eBay, Google, Walmart, Microsoft, and among others.
With this initiative, the government aims to move towards a self-sustaining energy future. In the transportation sector, fuel cell and hydrogen have also flourished in Japan with government initiatives and industry innovation and; by 2018, over 2,800 fuel cell vehicles (FCVs) were on the roads, led by Toyota and Honda. The industrial application of fuel cells has also continued to emerge, with 100 forklifts powered by fuel cell operating in Japan in 2018. In January 2018, Japan's Ministerial Council on Renewable Energy, Hydrogen and Related Issues exposed a novel strategy that enables Japan to move towards the global path to a carbon-free society.
A full report of Global Fuel Cell Market is available at: https://www.omrglobal.com/industry-reports/fuel-cell-market
This strategy is intended to encourage the demand for hydrogen FCVs by decreasing the cost of hydrogen fuel to nearly one-fifth of its current cost by 2050. With the competitive pricing of hydrogen fuel against liquefied natural gas and gasoline, the country can reach near to its target of 40,000 FCVs on the road by 2020 and 800,000 by 2030. In addition, the Japanese government plans to introduce new regulatory reforms which aim to leverage the building of hydrogen fuel stations, with nearly 320 stations by 2025.Further, in South Korea, as of 2018, 14 hydrogen fueling stations and 2,000 FCVs were in operation across South Korea. South Korea estimates nearly 6.2 million vehicles combined with 1,200 hydrogen stations by 2040.
A partnership between SK E&C and Bloom Energy, a fuel cell manufacturer reported in November 2018, has strengthened the energy potential for stationary fuel cell systems in the country, as the country has been investing in and focusing on installing fuel cells on large-scale. With the support of Bloom Energy Servers, SK E&C will deliver 6 MW of fuel cell stacks to South Korea's regional power generation companies, Korea Midland Power Co. (KOMIPO). This project will be implemented in the Seoul metropolitan area and will power over 12,000 homes. These kinds of government initiatives to increase the installation and adoption of fuel cell technology will drive the global fuel cell mallet in the near future.
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/fuel-cell-market
Fuel Cell Market Segmentation
By Type
o Polymer Electrolyte Membrane Fuel Cell (PEMFC)
o Solid Oxide Fuel Cell (SOFC)
o Molten Carbonate Fuel Cell (MCFC)
o Phosphoric Acid Fuel Cell (PAFC)
o Others (Alkaline Fuel Cell (AFC) and Direct Methanol Fuel Cell (DMFC))
By Application
o Stationary
o Portable
o Transportation
Fuel Cell Market - Segment by Region
North America
o United States
o Canada
Europe
o Germany
o United Kingdom
o France
o Spain
o Italy
Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit https://www.omrglobal.com/
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