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(Transportation-News.com, July 10, 2024 ) The Asia Pacific region held a dominant 39% share of the market in 2023. The increasing adoption of fuel cell-powered vehicles in the region is driving the growth of the fuel cells market.
In North America, the fuel cells market is expected to grow significantly at a rate of 16.7% annually during the forecast period.
California alone has approximately 39 hydrogen refueling stations, with another 25 stations currently being built, according to government reports. This increased investment is expected to enhance current and future developments in the fuel cells market.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Fuel-Cells-Market/377
In 2019, the US Department of Energy announced a $39 million investment in fuel cell technology. Similarly, the HyLAW EU Project, involving 23 countries, aimed to identify and address legal and administrative barriers to deploying hydrogen fuel cells and applications across Europe.
Fuel Cells Market Segmentation
By Types
PEMFC
PAFC
AFC
MFC
By Application
Portable
Stationary
Transport
By End-Users
Fuel Cell Vehicles
Utilities
Defence
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Fuel-Cells-Market/377
Fuel Cells Market Key Players include
Ballard Power Systems (Canada)
Cummins (US)
SFC Energy (Germany)
Bloom Energy (US)
Plug Power (US)
Stellar Market Research is leading Energy and Power research firm, has also published the following reports:
Whey Protein Market size was valued at USD 8.86 Bn. in 2023 and the total Global Whey Protein revenue is expected to grow at a CAGR of 9.42% from 2024 to 2030, reaching nearly USD 16.64 Bn. by 2030.
Wind Energy Market size was valued at USD 71 Bn. in 2023 and the total Wind Energy revenue is expected to grow at a CAGR of 9.5% from 2024 to 2030, reaching nearly USD 85.13 Bn. by 2030.
About Stellar Market Research
Stellar Market Research is a Pune based research firm. The company provides B2B and B2C research and reports on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies. The topics include Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.
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