Hydrogen Fuel Cells Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
Hydrogen fuel cells need constant source of oxygen and fuel to operate. A fuel cell
refers to a device that assists in the generation of electrical power with the help of
chemical reaction. Hydrogen fuel cells is used in the conversions of hydrogen for
electricity generation. A fuel cell refers to a device that is utilized in the conversion of
chemical potential energy into electrical energy. Fuel cells are used in the production
of electricity from wide range of domestic fuels. It comprises renewable and hydrogen.
This is likely to supply electricity for any application, right from cars to buses to
A fuel cell makes use of chemical energy of another fuel and hydrogen to generate
power. With growing demand for clean power, the global hydrogen fuel cells market is
likely to gain momentum in the years to come.
Fuel cells find use in many applications, some of which are mentioned below
Emergency backup power applications
An increase in the initiatives on part of the government coupled with rising concern for
safety of the environment are likely to offer growth opportunities for the global
hydrogen fuel cells market in forthcoming years.
Vehicles that run on hydrogen fuel cells mix the recreational benefits, environmental
benefits of electricity driven cars together with, refuelling, and range of the normal cars.
Refuelling of a fuel cell car is similar to that of refuelling a truck or a car.
North America is expected to lead the global hydrogen fuel cells market over the
assessment tenure. Rising awareness about the various benefits that it offers is driving
its demand in North America. Nearly 60 hydrogen fuelling stations are operating as of
now. Out of which around 40 stations are open to public for its use and most of them
are in the state of California.
Global Hydrogen Fuel Cells Market: S