New York, Oct. 15, 2019 (GLOBE NEWSWIRE) -- The growing concern for the environment’s safety and rise in government initiatives are driving the market for hydrogen fuel cells.
The global hydrogen fuel cell market is forecast to reach USD 49.12 Billion by 2026, according to a new report by Reports and Data. A fuel cell is a device that helps generate electrical power through a chemical reaction. Hydrogen fuel cells convert hydrogen to generate electricity.
These types of cells require a continuous source of fuel and oxygen to run. The hydrogen fuel cell has such great appeal because their only by-products are water vapor and heat, which makes it a truly zero-emission locomotive technology. Hydrogen is still in its infancy as a fuel source, but its future is very bright. Hydrogen fuel cell technology is improving daily, and the possibility of its conceivability as an alternative to internal combustion engines are growing.
The National Aeronautics and Space Administration’s (NASA) plans to return to the moon is spurring the research in hydrogen fuel cells. These cells are light in weight and last longer which makes it more attractive. Hydrogen fuel cells are used in space shuttle as one component of the electrical power system. NASA is addressing aerospace challenges that include reduced gravity, low or no atmospheric pressure, extreme temperatures, dynamic vibration, shock loads and extended duration operations. For airless space applications, the focus is on closed-cycle regenerable Polymer Exchange Membrane Fuel Cells technology. With the appropriate investments and collaborations, NASA intends to revolutionize aerospace power generation to enable new capabilities.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydrogen-fuel-cell-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Hydrogen Fuel Cell market on the basis of product type, fuel cell technology type, application, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Fuel Cell Technology Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
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