Power and Energy

Waste to Energy Market by Revenue, Key Companies, Segmentations and Forecast to 2024

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Market Study Report adds global Waste to Energy market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Waste to Energy Market size is expected to reach USD 35.5 billion by 2024. WTE can attract stable tipping fees compared to landfills and help in reducing GHG emissions from MSW in landfills. In addition, government has made target towards renewable energy use. EU has set target to derive 20% energy from renewable sources owing to boost waste to energy demand.

This report focuses on the top Manufacturers and players in global market are given bellow:-

Keppel Seghers, Tenologies, Wheelabrator, Covanta and Hitachi Zosen are key notable industry players. Other prominent participants include Mitsubishi Heavy Industries, Foster Wheeler, Xcel Energy, China Everbright International, Plasco Energy, Veolia Environment and Green Conversion Systems.

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Waste to Energy (WTE) Market Size By Technology (Biological, Thermal [Incineration, Pyrolysis & Gasification)

Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Sweden, China, India, Japan, South Korea, Australia, Thailand, Indonesia, Malaysia, Philippines, Argentina, Brazil, Chile, Kenya, Nigeria, South Africa, Qatar)

Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024

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Increasing municipal solid waste (MSW) adoption as a fuel to generate renewable energy via thermal and biological techniques will drive industry growth. Thermal technology dominated the total share in 2015. In addition, incineration waste to energy market may witness significant growth, the technology was already valued at over USD 12.05 billion in 2015. Converting MSW as feedstock and help to enhance streams process are key factors fostering incineration technology market growth.

Increasing electricity demand along with growing dependency on renewable sources to generate energy due to depleting petrochemical reserves is likely to drive waste to energy market over the forecast timeframe. MSW management programs adopted by regional governments to promote power generation will further boost industry growth. Additionally, the U.S. recognition to include WTE to do their renewable energy targets may spur regional industry growth.

Growing urban population is forecast to be the key contributing factor for increasing MSW such as plastic, glass bottles, paper, tetra pack, cans, newspaper, cardboard boxes, meta items, aluminum foil, and wood pieces. Other factors such as industrialization, economic development, local climate, and public habits such as leftover food, further contribute towards MSW generation. Increasing MSW is anticipated to positively influence waste to energy market growth from 2016 to 2024. Major countries contributing MSW generation include U.S, China, India, Indonesia, and Brazil.

Key insights from the report include:

Europe, led by UK, Germany, Italy and France biological waste to energy market should generate over 5.5% growth to exceed USD 2.5 billion by 2024. Anaerobic based biological process is gradually improving and may replace composting step for biodegradable waste treatment generated from MSW.

Thermal technology based incineration process in U.S. WTE market size was valued at over USD 1.8 billion in 2015. It is widely used for recovering energy from waste. Modernized thermal incineration equipments can replace existing ageing equipments and contribute towards lowering carbon emissions.

Pyrolysis and gasification process in Germany registered demand of over USD 0.69 billion in 2015. It is used to convert waste into energy-rich fuels by heating under controlled conditions and converts into energy and ash.

APAC, driven by China, India, Japan and Australia waste to energy market should achieve over 7.5% growth. Stringent environmental regulations coupled with investment spending should stimulate industry growth.

LATAM, driven by Argentina, Chile and Brazil WTE market size is set to witness gains at over 7.5%. The Brazilian government has set an initiative to increase electricity production from renewable sources and reduce GHG.

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Underfloor Heating Market: Challenges to Industry Growth, Size, Share, Forecast 2024

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The 2017-2024 report on global Underfloor Heating market explores the essential factors of Underfloor Heating industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

Global underfloor heating market size will exceed USD 8 billion by 2024, as reported in the latest study.

Substantial economic transformation on account of rapid commercialization and industrialization will drive the underfloor heating market size. Rising disposable income coupled with internal migration of rural population to urban areas will further boost the product demand. As per United Nations Department of Economic and Social Affairs, urbanization along with overall growth will add 2.5 billion to urban population by 2050 with highest growth across Asia and Africa.

Germany underfloor heating market is set to experience growth over 6% owing to ongoing government initiatives to curb the carbon emissions along with efforts toward improving energy security. Introduction of EnEV – energy saving ordinance to cut down primary energy consumption by 25% across new builds along with the target of carbon-neutral buildings by 2050 will further complement the business outlook.

New buildings will witness high penetration on account of ongoing construction of green buildings with prime focus toward concrete flooring. Rising concerns over escalating energy cost along with ongoing measures toward reducing energy consumption will further complement the industry outlook. In 2016, the United States Green Building Council recorded the existence of 33,269 green buildings in the country.

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The U.S. underfloor heating market size is predicted to witness strong growth owing to increasing demand for space heating along with rising consumer awareness toward adoption of sustainable heating systems. Implementation of codes and standards to encourage the deployment of energy efficient products will positively impact the business growth. The American Energy Efficiency Act of 2015, focusses to achieve the target of 20% electricity savings and 13% natural gas savings by 2030.

Russia underfloor heating market is set to exceed USD 350 million by 2024. Deployment of sustainable technologies to improvise energy efficiency along with the growing adoption of advanced heating systems will augment the industry landscape. The country is developing sustainable energy policy framework that focusses on the reduction of energy intensity across Russian economy by 40% by 2020.

China in 2016, accounted for over 30% of Asia Pacific underfloor heating market share. Rapid urbanization along with growing demand for energy efficient products will fuel the business growth. The China Eleventh Five Year Plan focusses toward implementation of design standard of 50% energy conservation on new buildings.

Notable players in underfloor heating market include Uponor Corporation, Warmup, Emerson Electric, Honeywell, Robert Bosch, Danfoss, Siemens, Sensata technologies, Pentair, Schneider Electric, Mitsubishi, Nexans, Amuheat, REHAU, Hunt Heating and H2O Heating.

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Table of Content:

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Market definition and forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    Underfloor heating industry 360 degree synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2     Product trends

2.1.3    Facility trends

2.1.4    Application trends

2.1.5    Regional trends

Chapter 3    Underfloor Heating Market Industry Insights

3.1    Industry Segmentation

3.2    Industry landscape, 2013 – 2024 (USD Million)

3.3    Industry ecosystem analysis

3.3.1    Raw material/component outlook

3.3.1.1    Heating pipes

3.3.1.2    Manifold

3.3.1.3    Sensors & thermostats

3.3.2    Vendor Matrix

3.4    Technology & innovation landscape

3.5    Electric vs. hydronic underfloor heatin

3.5.1    Electric underfloor heating

3.5.2    Hydronic underfloor heating

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.6.3    United Kingdom

3.6.4    Germany

3.6.5    China

3.6.6    Asia Pacific

3.7    Infrastructure/Construction spending outlook, 2016/2015

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1    Introduction of energy efficiency standards

3.8.1.2    Increasing standard of living

3.8.1.3    Strict government regulations

3.8.1.4    Extreme climatic conditions

3.8.1.5    Rapid urbanization and commercialization

3.8.1.6    Increasing demand for space heating

3.8.2    Industry pitfalls & challenges

3.8.2.1    High Cost of Retrofitting in Existing Buildings

3.9    Growth potential analysis

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Submarine Battery Market – Global Industry Analysis and Forecast | 2023

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The newly released research at Market Study Report titled “2018-2023 Global Submarine Battery Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Description: Submarines need large amounts of electricity to operate safely under water. They charge their batteries using diesel or nuclear-driven generators. Diesel subs must surface to recycle their batteries because carbon monoxide fumes are deadly. Nuclear ones can remain under water for months and even years.

Submarine Battery market competition by Market Segment by Manufacturers, report focuses on the Submarine Battery in global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.; the top players including:

  •     Exide Technologies
  •     Zibo Torch Energy Co., Ltd.
  •     Exide Industries
  •     EverExceed
  •     HBL
  •     GS Yuasa

 And More……

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On the basis of Market Segment by Type, Submarine Battery market report displays the production, revenue, price, market share and growth rate of each type, covers:

  •       Valve-regulated Lead Acid (VRLA) Batteries
  • Flooded Lead Acid Batteries?
  • Others

On the basis on the Market Segment by Applications, Submarine Battery market report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, this can be divided into:

  • For Civilian
  •     For Military

The industry is expected to remain innovation-led, optimize product mix and further develop value-added capabilities to maximize margins. The biggest customer is still the military submarine.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

The worldwide market for Submarine Battery is expected to grow at a CAGR of roughly 5.3% over the next five years, will reach 450 million US$ in 2023, from 330 million US$ in 2017, according to a new study.

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Scope of the Submarine Battery Market Report: This report focuses on the Submarine Battery in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application

Target Audience of Submarine Battery Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters ,Association and government bodies.

Submarine Battery market report provides regional analysis & forecast (2018-2023) including following regions:

  • North America(USA, Canada and Mexico)
  • Europe(Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America(Brazil, Argentina, Columbia etc.)
  • Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Some key points of Submarine Battery Market research report: –

-Submarine Battery Market Effect Factor Analysis.

-Technology Process/Risk Considering Substitute Threat and Technology Progress In Submarine Battery Industry.

-Consumer Needs or What Change Is Observed in Preference of Customer.

-Who Are Submarine Battery Market Key Manufacturers? Along with this survey you also get their Product Information (Type, Application and Specification).

-What Overview Submarine Battery Market Says? This Overview Includes Diligent Analysis of Scope, Types, Application, Sales by region, manufacturers, types and applications.

-What Is Submarine Battery Market Competition considering Manufacturers, Types and Application? Based on Thorough Research of Key Factors

-Submarine Battery Market Manufacturing Cost Analysis –This Analysis is done by considering prime elements like Key RAW Materials, Price Trends, Market Concentration Rate of Raw Materials, Proportion of Raw Materials and Labour Cost in Manufacturing Cost Structure.

-Political/Economical Change.

-What is Submarine Battery Market forecast (2018-2023) Considering Sales, Revenue for Regions, Types and Applications?

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The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Submarine Battery market in 2023 is also explained. Additionally, type wise and application wise consumption tables and figures of Submarine Battery market are also given.

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Global Energy Harvesting System for Wireless Sensor Network Market – Industry Analysis, Size, Share, Growth, Forecast 2023

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The newly released research at Market Study Report titled “2018-2023 Global Energy Harvesting System for Wireless Sensor Network Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Description: This report study the Energy Harvesting System for Wireless Sensor Network In a typical energy harvesting system, energy is generated from motion, a thermal source, a photoelectric source, or magnetic activity. This energy is then captured, stored, managed, and fed to a sensor for transmission.

Energy Harvesting System for Wireless Sensor Network market competition by Market Segment by Manufacturers, report focuses on the Energy Harvesting System for Wireless Sensor Network in global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.; the top players including:

  •   STMicroelectronics
  •     Texas Instruments
  •     EnOcean GmbH
  •     Fujitsu Limited
  •     Cypress
  •     ABB Limited

 And More……

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On the basis of Market Segment by Type, Energy Harvesting System for Wireless Sensor Network market report displays the production, revenue, price, market share and growth rate of each type, covers:

  • Light Energy Harvesting
  • Vibration Energy Harvesting
  • Thermal Energy Harvesting
  • Others

On the basis on the Market Segment by Applications, Energy Harvesting System for Wireless Sensor Network market report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, this can be divided into:

  • Building and Home Automation
  •     Consumer Electronics
  •     Industrial
  •     Security System
  •     Others

In the coming years there is an increasing demand for energy harvesting system in the regions of North America and Europe that is expected to drive the market for more advanced energy harvesting system. Increasing of automotion fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of energy harvesting system will drive growth in China markets.

Globally, the energy harvesting system industry market is concentrated as the manufacturing technology of energy harvesting system is relatively higher than some traditional equipment. And some enterprises, like STMicroelectronics, Texas Instruments and EnOcean GmbH, etc. are well-known for the wonderful performance of their energy harvesting system and related services. At the same time, Europe, occupied 36.26% production market share in 2017, is remarkable in the global energy harvesting system industry because of their market share and technology status of energy harvesting system.

The consumption volume of energy harvesting system is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of energy harvesting system industry may not keep that fast. But with the growth of the building and home automation application and loT market, the energy harvesting system will be much promising.

The worldwide market for Energy Harvesting System for Wireless Sensor Network is expected to grow at a CAGR of roughly 9.0% over the next five years, will reach 530 million US$ in 2023, from 320 million US$ in 2017, according to a new study.

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Scope of the Energy Harvesting System for Wireless Sensor Network Market Report: This report focuses on the Energy Harvesting System for Wireless Sensor Network in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application

Target Audience of Energy Harvesting System for Wireless Sensor Network Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters ,Association and government bodies.

Energy Harvesting System for Wireless Sensor Network market report provides regional analysis & forecast (2018-2023) including following regions:

  • North America(USA, Canada and Mexico)
  • Europe(Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America(Brazil, Argentina, Columbia etc.)
  • Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Some key points of Energy Harvesting System for Wireless Sensor Network Market research report: –

-Energy Harvesting System for Wireless Sensor Network Market Effect Factor Analysis.

-Technology Process/Risk Considering Substitute Threat and Technology Progress In Energy Harvesting System for Wireless Sensor Network Industry.

-Consumer Needs or What Change Is Observed in Preference of Customer.

-Who Are Energy Harvesting System for Wireless Sensor Network Market Key Manufacturers? Along with this survey you also get their Product Information (Type, Application and Specification).

-What Overview Energy Harvesting System for Wireless Sensor Network Market Says? This Overview Includes Diligent Analysis of Scope, Types, Application, Sales by region, manufacturers, types and applications.

-What Is Energy Harvesting System for Wireless Sensor Network Market Competition considering Manufacturers, Types and Application? Based on Thorough Research of Key Factors

-Energy Harvesting System for Wireless Sensor Network Market Manufacturing Cost Analysis –This Analysis is done by considering prime elements like Key RAW Materials, Price Trends, Market Concentration Rate of Raw Materials, Proportion of Raw Materials and Labour Cost in Manufacturing Cost Structure.

-Political/Economical Change.

-What is Energy Harvesting System for Wireless Sensor Network Market forecast (2018-2023) Considering Sales, Revenue for Regions, Types and Applications?

For More Info: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html

The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Energy Harvesting System for Wireless Sensor Network market in 2023 is also explained. Additionally, type wise and application wise consumption tables and figures of Energy Harvesting System for Wireless Sensor Network market are also given.

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Boiler Market – Global Industry Analysis and Forecast | 2024

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The newly released research at Market Study Report titled “2018-2024 Global Boiler Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Touted as one of the most rapidly progressing business verticals, Boiler market has been forecast to accrue highly lucrative returns over the ensuing years of (2018-2024). This report has been specifically formulated keeping in mind the current requirements of industry players and the potential challenges they are expected to face. Comprising an all-inclusive summary of the Capacity landscape, incorporating its intricate details, the report also encompasses the competitive profiling of the leading industry contenders and the overall geographical spectrum that specifies the growth of Boiler market across these regions.

The report commences with a meticulous extract about the key drivers fueling the commercialization graph of this industry. A succinct overview is provided about the market in terms of the factors that serve to power the growth spectrum of this business space, in addition to the base valuation of this industry in base year. Further on, the report encompasses the segregation of the market in terms of Product trends, that focus on the market intricacies of the (Fire-tube, Water-tube). The sections traverse into extensive details about the market space captured by each of these segments and their future prospects.

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The report is also segmented in terms of Fuel, that play a pivotal role in augmenting the revenue scale of Boiler industry. The document enumerates on the Fuel landscape, highlighting the contribution of each (Natural Gas, Oil, Coal) toward the valuation of the overall market.

The geographical terrain of wind turbine market spans the major regions of North America, U.S., Canada, and Mexico, Europe. The report categorizes the regional spectrum into a slew of sub-domains, comprising the current market value, future valuation, and the forecast estimates, individually researched and analyzed in terms of the By Capacity, By Product, and By Fuel, By Application trends.

The report enlists, in minute detail, the contribution of prominent companies toward Boiler market expansion. An intensive company profiling has been provided about every leading contender, inclusive of their market presence, financials, strategic outlook, product landscape, and a SWOT analysis that serves to build a notion about the company’s growth tactics, strengths, constraints, and plausible future opportunities.

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Table of Content:

Chapter 1. Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimation & forecast parameters

1.4. Data Sources

1.4.1.   Primary

1.4.2.   Secondary

1.4.2.1.  Paid Sources

1.4.2.2.  Public Sources

Chapter 2. Executive Summary

2.1.   Global boiler market 360 degree synopsis, 2013 – 2024

2.1.1.   Business trends

2.1.2.   Capacity trends

2.1.3.   Product trends

2.1.4.   Fuel trends

2.1.5.   Application trends

2.1.6.   Regional trends

Chapter 3. Global Boiler Industry Insights

3.1.   Industry segmentation

3.2.   Industry landscape, 2013 – 2024 (USD Million)

3.3.   Industry ecosystem analysis

3.3.1.   Vendor matrix

3.4.   Innovation & technology landscape

3.4.1.   Bosch Thermotechnology

3.4.2.

3.4.3.   Weil-McLain

3.4.4.   Miura America Co. Ltd.

3.4.5.   Viessmann

3.4.6.   Ideal Commercial Boilers

3.4.7.   Fulton Boiler Works, Inc.

3.4.8.   Cleaver Brooks

3.4.9.   A.O. Smith Corporation

3.4.10. Hurst Boiler & Welding Company, Inc

3.4.11. Aerco

3.4.12. Other innovations

3.5.   Regulatory landscape

3.5.1.   U.S.

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Hybrid Power Solutions Market Research Report 2018-2024 By Market Study Report

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The newly released research at Market Study Report titled “2018-2024 Global Hybrid Power Solutions Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

The report on hybrid power solutions market is a comprehensive study of the latest trends and opportunities prevalent across this business sphere. The research is meticulously segmented in terms of the technology, product, end use and geographies. In addition to the pivotal contenders that are a part of the competitive spectrum of this space, this report essentially forecasts hybrid power solutions market to traverse alongside a stable and profitable growth path in the ensuing years.

The report commences with a specific set of driving forces that basically stimulate hybrid power solutions market trends and characterizes the strategic landscape. Further on, the section also enumerates the constraints and challenges that are inhibiting the hybrid power solutions market growth.

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The technology landscape of hybrid power solutions market has been fastidiously categorized into further sub-segments. Further on, product landscape is inclusive of subsegment such as Standalone, Grid Connected. The report vividly portrays the current market estimates, forecast valuation, trends, and drivers of each of the various subsegments.

The competitive landscape of hybrid power solutions market including companies such as ReGen Powertech, General Electric, Siemens Gamesa Renewable Energy, Vestas, Vattenfall AB, Goldwind, Suzlon Energy Limited, Alpha Windmills, Blue Pacific Solar Products, Zenith Solar Systems, Alternate Energy Company, Grupo Dragon, Tesla, A123 systems, LLC, MPower, Contour Global.has been extensively highlighted in the report. The document entails the strategic outlook, product portfolio, financials, and a business overview of each of the companies in explicit detail. A SWOT analysis of the prominent contenders has also been included to ensure convenient decision-making for potential stakeholders.

The report has also segmented hybrid power solutions market concisely in terms of the regional spectrum. The geographical landscape includes North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. According to the report, hybrid power solutions will witness substantial remuneration in the ensuing years across these regions, with major progressions anticipated in leading segment portfolios.

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Selected points from Table of Contents of this report:

Chapter 1   Methodology & Scope

1.1    Methodology

 

1.2    Market definitions

 

1.3    Market estimation & forecast parameters

 

1.4    Data Sources

 

1.4.1    Primary

 

1.4.2    Secondary

 

1.4.2.1   Paid Sources

 

1.4.2.2   Public Sources

 

Chapter 2   Executive Summary

 

2.1    Hybrid power solutions 360 degree synopsis, 2013 – 2024

 

2.1.1    Business trends

 

2.1.2    Technology trends

 

2.1.3    Product trends

 

2.1.4    End use trends

 

2.1.5    Regional trends

 

Chapter 3   Hybrid Power Solutions Industry Insights

 

3.1    Industry segmentation

 

3.2    Industry landscape, 2013 – 2024

 

3.3    Industry ecosystem analysis

 

3.3.1    Vendor matrix

 

3.4    Innovation & sustainability

 

3.5    Regulatory landscape

 

3.5.1    U.S.

 

3.5.2    India

 

3.5.3    Europe

 

3.5.3.1   Germany

 

3.5.3.2   UK

 

3.5.4    Australia

 

3.5.5    China

 

3.5.6    South Africa

 

3.5.7    Chile

 

3.5.8    International hybrid grid standards

 

3.6    Industry impact forces

 

3.6.1    Growth drivers

 

3.6.1.1   Enhanced power quality and security of supply

 

3.6.1.2   Favourable government initiatives

 

3.6.1.3   Growing electricity demand

 

3.6.1.4   Positive outlook towards renewable energy

 

3.6.1.5   Increasing off-grid electricity demand

 

3.6.2    Industry pitfalls and challenges

 

3.6.2.1   High initial investment

3.7    Price trend analysis

 

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Fuel Cell Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024

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MarketStudyReport.com adds a new Fuel Cell Market research report for the period of 2017-2024 that focuses on the major drivers and restraints for the Global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 309 pages with tables and figures in it.

Increasing investments toward development of hydrogen refueling station coupled with rising demand for space heating across commercial and residential establishments will drive the fuel cell market share. Upsurge in installation of portable charging sources owing to increasing recreation activities will further stimulate the industry outlook. In 2017, the Government of UK granted a funding of USD 30.6 million toward the development of hydrogen vehicles and infrastructure.

Fuel Cell Market will exceed USD 6 billion by 2024; as per a new research report.

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Favorable government policies pertaining to sustainable energy technologies along with increasing demand for FCEV’s will drive the fuel cell market share. Upsurge in funding by private institutions and government organizations including DOE, DAG Ventures and Credit Suisse toward technological advancement and innovations will stimulate the business landscape. In 2015, Credit Suisse funded USD 130 million in the Bloom Energy toward the development of SOFC technology in the U.S.

Japan fuel cell market is set to exceed 70 MW by 2024. Increasing concerns pertaining to security of supply along with growing adoption of clean energy technologies will propel the industry growth. Government backed extensive research and development projects along with development of hydrogen infrastructure across the nation will complement the industry outlook. In 2017, Hyundai unveiled its plan to launch second-generation hydrogen fuel cell vehicles, which will enhance the properties of the technology.

Key industry players across fuel cell market includes Ceres Power, Hydrogenics Corporation, SFC, Ballard, Horizon, Bloom Energy, Plug Power, FuelCell Energy, Arcola, Toshiba, AFC Energy, UTC Power, Doosan and Panasonic. The industry has witnessed numerous mergers and acquisitions by industry players to expand their regional presence.

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SOFC in 2016, accounted for over 40% of the global fuel cell market share. Ongoing adoption of fuel cells across small and large stationary power generation systems will stimulate the industry growth. These cells operate at high temperatures ranging between 8000C to 1,0000C and have an efficiency of over 60% when converted from fuel to electricity. High efficiency, stability, comparatively low cost, fuel flexibility and low emissions are some of the key features that will enhance the product penetration.

Regulatory policies pertaining to emissions along with increasing investments toward development of hydrogen infrastructure will drive the UK fuel cell market share. Increasing focus to replace the conventional power sources with the sustainable energy systems will further stimulate the industry growth. The Government of UK has planned to open 65 hydrogen refueling station by 2020 and 1,150 by 2030.

Wide applications area including FCEV’s, forklift trucks, two and three wheelers, light vehicles, trams, ferries, small boats and goods handling vehicles will boost the product adoption across transport sector. Ongoing deployment in e-bikes, UAVs, and in numerous commercial vehicles will further complement the fuel cell market growth. In 2016, the fuel cell vehicle sales in the U.S. grew to 5,000 units when compared to 4,000 units in 2015.

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Related Reports: –

Global Automotive Fuel Cells Market by Manufacturers, Countries, Type and Application, Forecast to 2022

A fuel cell is a device that generates electricity by a chemical reaction. Automotive fuel cells create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust they emit water vapor and warm air.

https://www.marketstudyreport.com/reports/global-automotive-fuel-cells-market-by-manufacturers-countries-type-and-application-forecast-to-2022/?utm_source=RR-SP

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