Fuel Cell Market Expected To Grow With USD 33.09 Billion By 2027
San Francisco, 8 June 2020: The Report Fuel Cell Market Size, Share & Trends Analysis Report By Raw Material, By Product (PEMFC, PEFC, SOFC, MCFC), By Application (Stationary, Transportation, Portable), And Segment Forecasts, 2020 - 2027 Fuel cells are devices which convert the fuel’s chemical energy into electricity via a chemical reaction in the presence of an oxidizing agent. They can be of different types, but they all consist of an anode, cathode, as well as an electrolyte. They use hydrogen or other hydrocarbon fuels which are available in abundance, along with an oxidant (usually oxygen), to carry out an electrochemical reaction. This makes them one of the fastest growing alternate backup power options. Additionally, they are eco-friendly as their by-product only comprises nitrous oxide. They generate lower noise levels as compared to other incumbent technologies due to lack of moving parts and an efficient combustion process. There are various ...