Hydrogen and Fuel Cells Market Hydrogen and Fuel Cells Market

Hydrogen and Fuel Cells Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2028
“Hydrogen and fuel cell market is driven by rise in
demand for renewable fuel sources and environmental
concerns owing to pollution. Demand for power enabled
sources and consumer awareness are adding to the growth
factors.”
Global hydrogen and fuel cells market is expected to exhibit a significant market growth during the forecast
period. Fuel cell systems function on hydrogen with zero pollution. The by-products are heat and pure water.
At present internal combustion engine systems exhibit thin mixtures of hydrogen and air that might result in
extremely low pollution levels occurring due to burning of lubricating oil. Fuel cells systems are driven at a higher
thermodynamic efficiency over heat engines. Heat engines such as engines and turbines transform chemical
energy into heat through combustion and use heat energy for motion.
In case of fuel cells, there is no combustion and their efficiency does not pertain to max operating temperature.
Consequently, the efficacy of the power conversion step is significantly higher. Hydrogen and fuel cell market is
driven by rise in demand for renewable fuel sources and environmental concerns owing to pollution. Demand
for power enabled sources and consumer awareness are adding to the growth factors. In addition, growing
applications of hydrogen and fuel cells are more likely to supplement the market growth during the forecast
period. Decline in fuel prices and rise in infrastructural developments across the world supplements the market
growth in the forecast period.
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Segmented by type, the market comprises air-cooled type and water-cooled type. By application, the market
involves transport, stationary and portable. Geographical segment for hydrogen and fuel cells market comprises
North America, South America, Europe, Asia-Pacific, Middle East and Africa. European market is highly predicted
to witness a robust market growth during the forecast period due to demand for fuel applications. North