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Asia Pacific Fuel Cell Market Analysis Report by Future Prediction Report 2020-2026

Author : Ronak Bora | Published Date : 2021-01-04 

With increasing air pollution levels across Asia Pacific Fuel Cell Market countries, the region has emerged as one of the leading adopters of renewable energy technologies. Driven by the need for reliable power supply across remote areas, government, public, and private organizations have been actively investing towards development of efficient hydrogen infrastructure.

In numerous countries, the governments have undertaken active efforts to promote the use of hydrogen fuel-based vehicles and backup power generators. Asia Pacific Fuel Cell Market is likely to record commendable gains over the next few years, with growing renewables deployment, development of hydrogen infrastructure, and the need for reliable and uninterrupted power supply.

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The presence of some of the world’s renowned automakers in Asia Pacific focusing on development fuel cell powered electric vehicles will positively influence the industry outlook. Highlighted below are some of the top trends influencing future developments in the technology.

  • Growing use in power generation applications

Fuel cells are extensively used in portable, stationary, and transport applications. The deployment of fuel cells in stationary applications is expected to grow significantly in the coming years. The technology is being increasingly utilized for heating and power generation applications across residential as well as commercial establishments.

Fuel cells are widely used as a backup power source across data centers, telecommunication base stations, shopping complexes, hotels, and hospitals. The need for multi-megawatt power units for electrification of remote areas and off-grid regions will certainly complement the Asia Pacific Fuel Cell Market outlook.

  • PEMFC technology for transportation use

SOFC, DMFC, and PEMFC are among the different fuel cell technologies. PEMFC technology is experiencing a strong demand across Asia Pacific countries due to the presence of stringent government regulations pertaining to emission reduction. Investments have increased towards the development and expansion of fuel cell-driven electrical vehicles to further promote sustainability.

These vehicles are lightweight provide excellent dynamics, power density, and superior performance. In addition, the need for reliable and uninterrupted supply of electricity across remote and off-grid regions will augment the technology adoption in the future.

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  •  Sustainable energy deployment in Japan

In terms of the regional outlook, Japan fuel cell industry is expected to witness notable growth in the forthcoming years, with shifting consumer preference towards energy-efficient and low emission power generation technologies. The country is also experiencing rising sales of fuel-cell electric vehicles (FCEV).

Both public and private organization in Japan are investing in research and development to lead innovation in sustainable energy infrastructure. A favorable regulatory scenario promoting the adoption of renewable energy technologies and fuel cell-powered vehicles will bolster the regional outlook.

Besides the growing deployment of sustainable energy technologies and strict emission reduction norms, Asia Pacific countries are investing towards commercialization of fuel cell technology and development of advanced hydrogen fueling stations and related infrastructure.

In September 2020, a group of Japanese companies including Toshiba, NYK Line, ENEOS, ClassNK, and Kawasaki Heavy Industries gained approval from the New Energy and Industrial Technology Development Organization (NEDO) for demonstration of a new project for commercialization of hydrogen fuel cell-powered vessels.

Similar efforts by other players including Panasonic Corporation, Plug Power, Horizon Fuel Cell, Fuel Cell Energy, Arcola, Aisin Seiki, Ceres Power, Nuvera, AFC Energy, Nedstack, Hydrogenics, Ballard Power Systems, Doosan, and SFC will augment Asia Pacific Fuel Cell Market trends.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1         Methodology

1.2         Market definitions

1.3         Market estimates and forecast parameters

1.4         Data Sources

1.4.1       Primary

1.4.2       Secondary        Paid sources        Public sources

Chapter 2    Asia Pacific Fuel Cell Market Summary

2.1         Asia Pacific fuel cell 3600 synopsis, 2015 – 2026

Chapter 3   Asia Pacific Fuel Cell Market Insights

3.1         Industry segmentation

3.2         Industry landscape, 2014 – 2025 (USD Million)

3.3         Industry ecosystem analysis

3.3.1       Vendor matrix

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1249/asia-pacific-fuel-cell-marke

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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