A fuel cell converts chemical energy into electrical energy through an electromechanical reaction. A typical fuel cell consists of two electrodes, the anode and the cathode, which react to generate electricity. While liquid electrolytes carry electrically charged elements from one electrode to another, a catalyst is required to speed up the chemical reaction inside the fuel cell. Methanol, biogas, hydrogen, natural gas, and hydrocarbons are various fuels used in fuel cells. Fuel cells generate less pollution as hydrogen combines with oxygen to form water, a harmless by-product.
Technavio’s analysts forecast the global fuel cell market in the automotive industry to grow at a CAGR of 45.27% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global fuel cell market in the automotive industry for 2015-2019. The market size has been calculated based on the revenue generated from the global units and MW shipments of fuel cells in the automotive industry.
The market is divided into the following segments based on type of vehicle: - Light-duty vehicles - Fuel cell buses - Material handling
Technavio's report, Global Fuel Cell Market in the Automotive Industry 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 over the coming years. The report also includes a discussion of the Key vendorsoperating in this market.
Key vendors - Ballard Power Systems - ACAL - Nuvera Fuel Cells - Plug Power - Hydrogenics
Other prominent vendors - Delphi Automotive Systems - EnergyOR Technologies - H2 Logic - Symbio FCell - Proton Motors - Oorja Protonics - Nuvera Fuel Cell - Intelligent Energy - Infintium Fuel Cell Systems
Market driver - Development of hydrogen infrastructure - For a full, detailed list, view our report
Market challenge - Functional issues - For a full, detailed list, view our report
Market trend - Increase in R&D Investment - 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?
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