Africa Baby Care Products Market - Infinium Global Research Global Fuel Cell Market - IGR 2021 | Page 2

The report on Fuel Cell by Infinium Global Research analyses the Fuel Cell
Market over the period of 2016 to 2021. This report also provides detailed
qualitative and quantitative analyses of the market dynamics, market size and
future trends in Global Fuel Cell Market. It will help a lot of decision makers
to develop strategies and find new opportunities in the Global Fuel Cell
Market.
The global Fuel Cell market is projected to surpass USD 6.60 billion by the
end of 2021, growing at a CAGR between 14.5% and 15.0% from 2016 to
2021. Fuel cells are electro-chemical devices that transform the chemical
energy into heat and electricity by the oxidation of fuel (hydrogen, natural gas
and methanol) contained in the fuel cell. The fuel cells usually comprise
electrodes and electrolytes between which the oxidation reaction takes place.
Electrolytes used in fuel cells are materials that contain many ions (atoms or
molecules that have a net electrical charge), making it easy for an electric
current to flow through them. Basic fuel cell components include electrodes,
membranes, catalysts, polymers, and ceramics. These components are
procured from the suppliers along with the components such as valves
subsystem, membrane electrode assembly (MEA), which are then forwarded
to the system integrators. Catalysts (platinum, nickel, and conductive
ceramics) are used to speed up the reaction at the electrodes
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