Report forecast the Fuel Cell Market in North
America to grow at a CAGR of 33.14
percent in terms of unit shipment and at 38.59 percent in terms of MW shipment
over the period 2014-2019.
Fuel cells convert chemical energy into electrical
energy through an electromechanical reaction. They are similar to batteries. A
fuel cell consists of two electrodes, anode (positive) and cathode (negative),
and an electrolyte that carry electrically charged elements from one electrode
to another. A catalyst is required in the fuel cell, which speeds up the
reaction taking place in the electrodes. Fuel cells create little pollution,
because they use hydrogen as fuel. The hydrogen combines with oxygen to form
water, which is a harmless by-product. This pollution reduction is one of the
major reasons for the increased growth of the Fuel Cell Market in North America
. Various fuels that can be used in a fuel cell are methanol, biogas, hydrogen,
natural gas, and hydrocarbons.
The Fuel Cell Market in North America can be
divided into the following segments on the basis of application: Stationary,
Portable, and Transportation. Based on fuel cell type, the market can be
categorized into the following segments: PEMFC, SOFC, DMFC, PAFC, AFC, and
MCFC.
According to the report, abundant energy sources
and emerging applications are a major factor driving the Fuel Cell market in
North America. Hydrogen is used in stationary fuel cells as it is the lightest,
most abundant chemical in the universe.
Further, the report states that functional issues
and the technologies related to fuel cell applications comprise challenges that
hinder the growth of the Fuel Cell market in North America. Current compressor
technologies are not suitable for fuel cell applications, which make air
management difficult.
Fuel Cell Market in North America 2015-2019,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
Key players in the Fuel Cell Market in North
America: Ballard Power Systems Inc., Bloom Energy Corp., Doosan Fuel Cell,
FuelCell Energy, Inc. and Hydrogenics Corporation
Other Prominent Vendors in the market are:
Acumentrics SOFC, Altergy Systems, CSA Group, DDI Energy, Delphi Automotive
Systems, ElectroChem, Nuvera Fuel Cells, Oorja Protonics, Plug Power, Protonex
Technology Corporation and Relion
Market
Driver
- Abundant Energy Sources and Emerging Applications
- For a full, detailed list, view our report
Market
Challenge
- Functional Issues
- For a full, detailed list, view our report
Market Trend
- Increased Investments in R&D
- For a full, detailed list, view our report
Key
Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 110 pages, “Fuel
Cell Market in North America 2015-2019” report covers Executive Summary, List of
Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market
Landscape, Market Segmentation by Application, Market Segmentation by Fuel Cell
Type, Market Share of Leading Countries in North America, Buying Criteria,
Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of
Drivers and Challenges, Market Trends, Trends and their Impact, Vendor
Landscape, Key Vendor Analysis.
For
further information on this report, please visit-
http://mrr.cm/4Mr
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Reports at: http://www.marketresearchreports.com/energy-storage
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