Group items tagged

The global fuel cells market size is expected to grow from an estimated value of USD 342 million in 2019 to USD 1,059 million by 2024, at a CAGR of 25.4%, from 2019 to 2024. The global market is set to witness significant growth owing to the rising demand for clean energy generation methods in developed regions and emphasis on reducing carbon emissions from vehicles across all the major countries over the next few years. Browse 84 market data Tables and 34 Figures spread through 145 Pages and in-depth TOC on "Fuel Cells Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=348 The transport segment is expected to hold the largest share of the fuel cells market, by application, during the forecast period The transport segment includes fuel cell-powered cars, heavy-duty trucks, buses, and trains in vehicles operated on land in fuel cell technology. This segment is expected to hold the major share in 2019 owing to the widespread adoption of low carbon-emitting transportation modes, such as fuel cell-powered cars, fuel cell-based public transport, and heavy-duty trucks & buses. Advances in fuel cell technology in the transport sector is used mainly in end-users, such as marine vehicles, fuel cell cars, and Unmanned Aerial Vehicles (UAVs). Asia Pacific is the largest transport advances in fuel cell technology market because of rapid the adoption of fuel cell-based transportation in countries such as China, Japan, and South Korea. All these factors are expected to boost the low voltage market growth.

the Hydrogen Generation Market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for Hydrogen Generation Market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=494 The electrolysis technology segment is expected to grow at the highest CAGR from 2020 to 2025. The increasing use of fuel cells in power generation and transportation is likely to drive the market for electrolysis. Through electrolysis, the electrolyzer system creates hydrogen gas. The oxygen that is left over is released into the atmosphere or can be captured or stored. This stored hydrogen can be supplied for other industrial processes or even used for medical gases in some cases. The hydrogen gas can either be stored as a compressed gas or liquefied, and since hydrogen is an energy carrier, it can be used to power any hydrogen fuel cell electric application - including trains, buses, trucks, or data centers. Measures have been taken by governments to boost the demand for water electrolysis. For instance, the US Department of Energy (DOE) has set technical targets and cost contributions for hydrogen production from water electrolysis.

The hydrogen fueling station market is experiencing significant growth due to the rising demand for clean and sustainable energy solutions. According to a report by MarketsandMarkets, factors such as government initiatives to promote hydrogen fuel cell vehicles, increasing investments in hydrogen infrastructure, and growing awareness about the environmental benefits of hydrogen are driving the market's expansion. Moreover, advancements in hydrogen production technologies and the development of efficient storage and transportation solutions are further propelling market growth. With key players investing in research and development to enhance the efficiency and affordability of hydrogen fueling stations, the market is poised for substantial expansion in the coming years. The global hydrogen fueling station market in terms of revenue was estimated to be worth $380 million in 2023 and is poised to reach $1,129 million by 2030, growing at a CAGR of 16.8% from 2023 to 2030.

The global hydrogen energy storage market is projected to reach USD 196.8 billion by 2028 from an estimated USD 11.4 billion in 2023, at a CAGR of 76.8% during the forecast period. The growing emphasis on environmental sustainability, rising adoption of fuel cell vehicles, intermittent renewable energy integration accelerates the growth of the hydrogen energy storage market. This report segments the hydrogen energy storage market based on application into three categories: electric utilities, industrial, and commercial. Electric Utilities is expected to hold the largest market share in the hydrogen energy storage market during the forecast period. The demand for hydrogen energy storage is increasing in electric utilities applications due to integration of renewable energy and grid stability and reliability. Hydrogen energy storage can provide backup power during grid outages and can be used to balance supply and demand on the grid by storing excess electricity during times of low demand are the factors that are expected to drive the growth of the electric utilities segment during the forecast period.

The global hydrogen fuel cell vehicle (HFCV) market was valued at USD 2.56 billion in 2019 and is expected to exhibit a CAGR of 41.2% over the forecast period. In contrast with the cars that uses petrol or diesel, or gasoline, a hydrogen fuel cell vehicle combines hydrogen with oxygen to generate electricity.

Hydrogen Fueling Station Market is projected to reach USD 1,129 million in 2030 from USD 380 million in 2023 at a CAGR of 16.8% according to a new report by MarketsandMarkets™. The key factor such as growing demand for the zero-emission vehicles and strong government support have led to many top OEMs investing in the research and development of fuel cell electric vehicles (FCEVs). Due to increasing demand for the FCEVs, there is a need for the hydrogen fueling station infrastructure. Furthermore, growing public and private investments in emerging economies have accelerated the growth of Hydrogen Fueling Station Market.

Hydrogen Energy Storage Market is projected grow from USD 13.8 Billion in 2022 to USD 119.2 Billion by 2027, at a CAGR of 54.0% from 2022 to 2027, according to a new report by MarketsandMarkets™. Rising demand of stationary and mobile power application is a driving factor for the market growth. Moreover, increasing demand of hydrogen in industrial sector. The market has a promising growth potential due to several factors, including the role of hydrogen energy storages playing in carbon emission reduction and Increase in fuel cell based electric vehicles and hydrogen storage infrastructure are driving the Hydrogen Energy Storage Market.

Hydrogen Energy Storage Market is projected grow from USD 13.8 Billion in 2022 to USD 119.2 Billion by 2027, at a CAGR of 54.0% from 2022 to 2027, according to a new report by MarketsandMarkets™. Rising demand of stationary and mobile power application is a driving factor for the market growth. Moreover, increasing demand of hydrogen in industrial sector. The market has a promising growth potential due to several factors, including the role of hydrogen energy storages playing in carbon emission reduction and Increase in fuel cell based electric vehicles and hydrogen storage infrastructure are driving the Hydrogen Energy Storage Market.

Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market. Global Hydrogen Generation Market Overview: The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period.

The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.

The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.

The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.

the Hydrogen Generation Market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for Hydrogen Generation Market.

The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.

According to a new market research report, the hydrogen storage tanks and transportation market is estimated to be valued at USD 174 million in 2022 and is projected to reach USD 4,155 million by 2030 growing at a CAGR of 48.6%. Rising hydrogen refuelling stations and fuel cell vehicles is supporting the market for the growth.

The global Hydrogen Storage Tanks and Transportation Market is projected to grow from USD 174 million in 2022 to USD 4,155 million by 2030, at a CAGR of 48.6% according to a new report by MarketsandMarkets™. Rising hydrogen refuelling stations and fuel cell vehicles is supporting the market for the growth.

The hydrogen storage tanks and transportation market is estimated to be valued at USD 174 million in 2022 and is projected to reach USD 4,155 million by 2030 growing at a CAGR of 48.6%. Rising hydrogen refuelling stations and fuel cell vehicles is supporting the market for the growth.

Hydrogen Generation Market size is projected to grow from USD 158.8 billion in 2023 to USD 257.9 billion by 2028, at a CAGR of 10.2% according to a new report by MarketsandMarkets™. The growing emphasis on environmental sustainability, rising adoption of fuel cell vehicles, and intermittent renewable energy integration accelerate the growth of the Hydrogen Generation Market.

The global hydrogen energy storage market is projected to reach USD 196.8 billion by 2028 from an estimated USD 11.4 billion in 2023, at a CAGR of 76.8% during the forecast period. The growing emphasis on environmental sustainability, rising adoption of fuel cell vehicles, intermittent renewable energy integration accelerates the growth of the hydrogen energy storage market.