Trends in the Fuel Cell Market: 2014-2020 by Future Market Insights

Trends in the Fuel Cell Market: 2014-2020 by Future Market Insights

Global Fuel Cell
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Report Description
Fuel cells convert electrical energy sourced from chemical energy, through an
electromechanical reaction with oxygen or other oxidizing agents. Primarily, a fuel cell
functions as a battery, but is different in the way that in a fuel cell, fuel is supplied from
an external source and fuel is converted to electricity without any involvement of a
burning process. The demand for alternative energy sources is growing at a global level,
which in turn propels the development of associated products. The first commercial
application of fuel cells happened with NASA’s space programs. Fuel cells were used for
application in probes, satellites and space capsules. Generally, fuel cells utilize oxygen
and hydrogen during the electrochemical reaction process and generate electricity, heat
and water. These cells are used where continuous flow of electricity is required. The
cells provide continuous flow of electricity as long as source fuel is supplied. As fuel cells
are carbon-free due to their non-burning nature, environmental norms support the
development of this market.
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At a global level, various fuel cell design modifications are available. This includes solid
oxide fuel cell (SOFC), proton exchange membrane (PEM), molten carbonate fuel cell
(MCFC) and a few others.

Report Description
Furthermore, the fuel cell market can be categorized on the basis of source type as
hydrogen powered, methanol powered, biogas powered, natural gas powered and
hydrocarbons powered. Fuel cell technology finds application in stationary power,
portable power and transportation power, and specialty...

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