Portable Fuel Cell Market (2021 to 2027) – Growth, Trends, COVID-19 Impact and Forecasts

Portable Fuel Cell Market was valued at US$ 3.7 Bn. in 2021. The Global Market size is estimated to grow at a CAGR of 19 % over the forecast period.
Portable Fuel Cell Market Overview:
The report explores the market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the  market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario.



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2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Portable Fuel Cell Market Dynamics:
The global market is expected to expand at a rapid pace during the forecast period attributable to its advantages like long length and clean electric power age in different off-network circumstances, portable applications fundamentally incorporate customer gadgets like PCs, tablets, mobiles, and cameras. A convenient energy unit is additionally utilized in battery chargers and lights. Besides, it is utilized in military applications. However, its market is little, as power modules are expected in little amounts.

Rapid industrialization and appeal for power require productive usage of resources of energy. This has brought about a shift toward the reception of clean and discharge-free energy resources like power age using power modules. Expansion popular for consumer electronics, which incorporates workstations, tablets, and mobiles, is supposed to drive the portable fuel cell market during the forecast period.

Portable fuel cells can give reinforcement going from a transient period to long haul times of eight hours to three days. The reinforcement goes on as long as the fuel is provided in time, it doesn’t consume a lot of room. They can be incorporated into different machines like coolers. Overheating causes issues in regular batteries. This issue is settled by convenient power modules, as they are known to work at a temperature lower than regular batteries. Reinforcement power systems should be reliable.

Portable fuel cells improve the dependability of reinforcement power frameworks. These phones are known to convey nonstop power during power disappointments with under brief upkeep in six years of the time. Portable fuel cells have parts that don't vibrate; thus, they are less loud and require low support than generators or existing reinforcement power choices. Huge investment in innovative work and low production of portable fuel cells bring about the significant expense. This goes about as a hindering component for the portable fuel cell market.

Portable Fuel Cell Market Trends: On records of significant endeavors by government experts for power grid upgrades to make simple accessibility of lattice power in beforehand inaccessible regions.

Furthermore, the adoption and improvement of urban areas are convincing the joining of smart grids implemented with IoT-based connecting technologies. These are inducing the utilization of locally limited scope sustainable energy generation strategies like breeze, hydropower, and sun oriented have become less expensive and feasible choices for portable fuel cells. The flexible advantages connected with convenient power modules, for example, further developed storage and energy efficiencies, zero outflows, and portability among others combined with the rising exploration and advancement exercises by the makers are preparing for market growth during the forecast period.
Portable Fuel Cell Market Segment Analysis:
Based on End User, the Market is segmented into Automotive, Electronics, Utilities, and Others. The automotive segment is expected to dominate the market in 2021 thanks to the rising trend of electric vehicles. The decrease in use assuming that imported oil has expected the demand for market.



Based on Fuel Type, the Portable Fuel Cell Market is segmented into Hydrogen, Methane, Diesel, and Others.
Hydrogen fuel type is anticipated to dominate the market segment owing to its chance of driving the car vehicle with the supplanting of oil fuel with hydrogen. The research and development team of much car fabricating is focusing on creating fuel technology for transportation.
Portable Fuel Cell Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 29% in 2021. led by the rise in demand for electricity in customer electronics devices such as tablets, mobiles, and cameras. A few nations in the region, for example, China and South Korea give an endowment to the establishment of compact portable fuel cells. This is supposed to drive the market during the forecast period.

Japan and South Korea are key nations in the portable fuel cell market in the Asia Pacific. Large numbers of fuel cell manufacturers, like Doosan Corporation, Toshiba Corporation, Mitsubishi Hitachi Power Systems, Ltd., and Panasonic Corporation, are situated in these nations.

The Europe region is expected to witness significant growth at a CAGR of 9% through the forecast period. Zero emissions, without carbon transportation, and strict government laws to limit fossil fuel by-products have helped the demand for portable fuel cells in Europe. Fuel cell technologies are benefitting from various European projects focusing on smart grids, renewable energy storage, and clean metropolitan transportation.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Market dynamic, and structure by analyzing the market segments and projecting the  Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Portable Fuel Cell Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 3.7 Bn.


Forecast Period 2022 to 2027 CAGR:
19%
Market Size in 2027:
US $ 28.9 Bn.


 Segments Covered:
by Fuel Type
• Hydrogen
• Methane
• Diesel
• Others.


by End-User
• Automotive
• Electronic
• Utilities
• Other.


by Type
• Proton Exchange Membrane Fuel Cell (PEMFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Solid Oxide Fuel Cell (SOFC)
• Direct Methanol Fuel Cell (DMFC)



Portable Fuel Cell Market by Region
• North America
• Europe
• The Asia Pacific
• The Middle East and Africa
• South America
Portable Fuel Cell Market Key Players:
• AFC Energy PLC
• Bloom Energy
• Ballard Power Systems Inc.
• Doosan Corporation
• FuelCell Energy, Inc.
• Hydrogenics Corporation
• Nedstack Fuel Cell Technology B.V.
• Plug Power, Inc.
• Panasonic Corporation
• SFC Energy AG
• Toshiba Corporation
• Intelligent Energy Limited
• Mitsubishi Hitachi Power Systems, Ltd.

Frequently Asked Questions about Chelates Market

1] What segments are covered in the Portable Fuel Cell Market report?
Ans. The segments covered in the  Market report are based on Fuel Type, Type, and End-User.

2] Which region is expected to hold the highest share in the Portable Fuel Cell Market?
Ans. The Asia Pacific region is expected to hold the highest share in the  Market

3] What is the market size of the Portable Fuel Cell Market by 2027?
Ans. The market size of the Portable Fuel Cell Market by 2027 is expected to reach US$ 28.9 Bn.

4] What is the forecast period for the Portable Fuel Cell Market?
Ans. The forecast period for the Portable Fuel Cell Market is 2022-2027.

5] What was the market size of the Portable Fuel Cell Market in 2021?
Ans. The market size of the Portable Fuel Cell Market in 2021 was valued at US$ 3.7 Bn