#Fuel #Cell #Generator #Market #Reach #USD #Billion
Newark, Oct. 12, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global fuel cell generator market is expected to grow from USD 0.16 billion in 2021 to USD 0.81 billion by 2030, at a CAGR of 19.80% during the forecast period 2022-2030.
Hydrogen as a fuel is an effective, clean, and sustainable energy form. The hydrogen fuel cells emission in purified water form; hydrogen is believed to be the most eco-friendly fuel on planet earth. Hydrogen is naturally produced throughout the universe and pushes innovative energy technologies aiming to resolve the problems confronting the world threatened by environmental transformation. The fuel cell technology is further commercialized on various vehicle platforms, such as buses, trucks, and light-duty passenger cars. Fuel-cell-powered material handling and logistics equipment are installed in warehouses and distribution centres. The technology is also growing in ports and airports to support increased equipment productivity and energy efficiency.
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Fuel Cell Generator Market Report Scope
|Market Size (2030)||Around $0.81 Billion|
|Market Size (2021)||$0.16 Billion|
|CAGR (2022-2030)||Over 19.80%|
|Market Segments||Type, End User, Regions|
|Geographic Analysis||North America, Europe, South America, Asia Pacific, the Middle East, and Africa|
To enhance their market position in the global fuel cell generator market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• In 2022 March, Nedstack Fuel Cell Technology BV joined a partnership with NorthC Datacenters. Under the partnership, Nedstack Fuel Cell Technology BV will deliver hydrogen fuel cells to the European data center landscape with…