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Global Fuel Cells Market report, market size, share, trends, analysis and forecast to 2028
A fuel cell is a device that generates electricity by a chemical reaction. Every fuel cell has two electrodes called, respectively, the anode and cathode. The reactions that produce electricity take place at the electrodes.
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By geography, Asia Pacific is projected to hold the largest market share owing to the ENE-FARM program in Japan, which has driven the use of PEMFCs and SOFCs for micro-CHP applications in the country. Moreover, supporting policies and plans for fuel cell systems for transportation application in China and South Korea have fueled the growth of the fuel cell market in the region. Growing funding programs from government and private institutions including Credit Suisse, DOE, among others along with surging deployment of FCEVs will significantly boost the fuel cell market growth. For instance, the South Korean government introduced a policy, Fuel Cell Vehicle 10 Percent Era to achieve its 2030 target, wherein 10% of the total new car sales should be FCEVs.
Some of the key players profiled in the Fuel Cells Market include Toshiba Energy Systems & Solutions Corporation, Mitsubishi Hitachi Power System, Cummins, Bloom Energy, Fuelcell Energy, Ballard Power Systems, Aisin Seiki Energy, Doosan Fuel Cell America, AFC Energy, SFC Energy, Plug Power, Nuvera, Intelligent Energy, Horizon Fuel Cell, and Hydrogenics.
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● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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