Fuel Cell Technology Market expected to grow at a CAGR of 16.2% By 2026 – AFC energy ,Ballard Power ,Ceramic Fuel Cell, Doosan, FuelCell Energy, Hydrogenics, Kyocera, Panasonic, Plug Power, Toshiba

Press Release

According to Publisher, the Global Fuel Cell Technology Market is expected to grow at a CAGR of 16.2% during the forecast period. Growing private as well as public investments is influencing the market growth. However, factors such as high catalyst cost and lack of proper fuel infrastructures are hampering the market growth.

Fuel cells are used for converting chemical energy into electrical energy. However, the fuel is mainly full from the outside; thus making these cells feel as if the engine is converting fuel power without actually burning it. In addition, the dramatic shift and focus towards generation of renewable energy coupled by government initiative has kept the future of the market robust.

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Some of the key players in Fuel Cell Technology market include AFC energy (UK), Ballard Power Systems Inc., Ceramic Fuel Cell, Doosan Corporation, FuelCell Energy, Hydrogenics, Kyocera (Japan), Panasonic Corporation, Plug Power and Toshiba Corporation.

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