Fuel Cell Market share to grow at over 24% CAGR from 2016 to 2024

fuel cells

Original Article posted at Sat Press Releases | by Ronak Bora

The Report “Fuel Cell Market Size By Application (Stationary, Portable, Transport), By Product (PEMFC, DMFC, SOFC), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, Japan, South Korea, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024″, Fuel Cell Market size is expected to reach USD 25.5 billion by 2024; driven by environment friendly and better alternative than existing options; according to a new research report by Global Market Insights, Inc.

Global fuel cell market includes PEMFC, SOFC, and DMFC as key product segments. PEMFC dominated with 60% of global revenue in 2015. The industry is further categorized on application basis as stationary, portable, and transport. Stationary was largest segment while portable fuel cell market shows strong growth promise along with transport applications.

Government initiatives coupled with increasing awareness towards clean energy is forecast to be key reason driving fuel cells market size growth…

See the entire news release.

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