Hydrogen Fuel Cells Market Size
Global Hydrogen Fuel Cells Market reached US$ 3.1 billion in 2022 and is expected to reach US$ 5.9 billion by 2030 growing with a CAGR of 8.3% during the forecast period 2023-2030.
Hydrogen Fuel cells are key solutions for the production of power and clean energy resources, hence driven by increasing demand for various sectors such as transportation and power generation. Fuel cells are more efficient rather than combustion engines. Fuel cells independently function in the grid so they can be used in military fields and disaster zones.

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Hydrogen Fuel Cells Market Dynamics
Growing Investments in the Adoption of Hydrogen Fuel Cell Technology
Recent advancements in hydrogen fuel cells are broadly focusing on transportation sectors due to their advantages over other fuels like gasoline, and diesel. Hydrogen fuel cell vehicles have zero emission and low maintenance. It works like batteries so the refueling time is less than other fuels, its average time is 4 mins.

Hydrogen Fuel Cells Market Segmentation Analysis
The global hydrogen fuel cell market is segmented based on type, application and region.
Rising Demand For Lower Temperature And Durability Cells in the Automotive And Telecommunication Sector
Proton exchange membrane fuel cells (PEMFC) are a core segment in fuel cells. It has a large-scale application and production in the transportation sector. The advantage of PEMFC it has low temperatures which range from 50 degrees to 100 degrees and a polymer electron membrane which is set them unique compared to others. Due to its lower temperature warm-up, it increases the durability of cells.

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Key Players:-
The major global players in the market include Ballard Energy Resources, Bloom Energy, FuelCell Energy, Inc., Hydrogenic Corporation, Plug Power Inc, SFC Energy AG, NedStack Fuel Cell Technology B.V., Doosan Fuel Cell America, Inc, Nuver Fuel Cells LLC and Ceres Power Holdings PLC.

COVID-19 Impact On Hydrogen Fuel Cells Market
The COVID pandemic affected supply chain management which cause delays and shortages due to transportation. The growth of hydrogen fuel cells impacted majorly in COVID. Forecast report from IEA in which chemical production by using hydrogen dropped by 7%. In early 2019 fuel-cell vehicle growth increases but after 2020 the growth downfall because of the storage of resources and less carbon production.

Key Developments
• On March 2019 Japan announce a new strategy for the development of hydrogen and fuel maps with a goal of 800,000 fuel cell vehicles by 2030.
• On 3 January 2023, the Indian PSU sector such as NTPC plans to open its first hydrogen fuel cell station in Leh and Ladakh which increases the demand for fuel cells by 2032 February.

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