via PR Newswire
Summary
According to the latest study from BCC Research, "Hydrogen Fuel Cell: Global Markets" is expected to increase from $5.1 billion in 2024 to $11.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
The global market for hydrogen fuel cells is segmented by product type, technology, application, and region. This report focuses on hydrogen fuel cells used in stationary, portable, and mobile applications, such as combined heat and power (CHP), stationary power supply units, auxiliary power units, and vehicle propulsion systems, but excludes fuel cell electrolyzers. The market size is given in value (millions of dollars) and volume (gigawatts). The report also includes competitive intelligence, showing the market shares of leading companies and details on global market trends, emerging technologies, and important industry developments.
Hydrogen fuel cells generate energy with zero emissions, producing only water and heat as by-products. This makes them a key component in global efforts to reduce greenhouse gas (GHG) emissions and combat climate change. They also boost energy security by promoting energy diversification and enabling domestic production using renewable sources. Hydrogen fuel cells are more efficient than traditional internal combustion engines, and are better at using generated and stored energy and reducing waste. They also save energy through CHP systems and waste heat capture.
Continue Reading
#hydrogen#MemberNewsIDEA#HyAxiom#Toshiba#CHP#industrynews#News