Fuel Cells Market 2019 Progress Insight, Prominent Players & Statistics Forecast to 202... - 0 views
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Almira Coyne on 27 Oct 20The 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.