Global Defense Fuel Cells Forecast,Latest Trends and Market Analysis

Market Research Report on Global Defense Fuel Cells Market

RAIPUR, INDIA, January 17, 2018 /EINPresswire.com/ --

Report Sellers has added a new market research report “Defense Fuel Cells - Global Market Outlook (2017-2023)” to its offerings.

According to Report, the Global Defense Fuel Cells Market is expected to grow at a CAGR of 9.4% during the forecast period. Factors such as use of fuel cells as environmentally viable energy-on-demand solution, enhanced efficiency of fuel cells and increasing awareness about the benefits of the fuel cell are boosting the market growth. In addition, acceptance of fuel cells to decrease dependence on imported oil is one of the key trends which help the market to grow. However, lack of fuel cell infrastructure and high price of the catalyst, which raises the price of fuel cell are restricting the market.

Direct Methanol Fuel Cell (DMFC) is a fuel cell that runs directly on methanol (or various liquid fuels) without having to first convert those fuels into hydrogen gas. It consists of two electrodes separated by a proton exchange membrane (PEM) and connected via an external circuit that allows the conversion of free energy from the chemical reaction of methanol with air or oxygen to be directly converted into electrical energy. A solid oxide fuel cell is a fuel cell that produces electricity through an electrochemical process and offers many benefits. Its flexibility in the usage of fuels is an important factor that will encourage the prospects for market growth. Easy operation and portability of SOFC devices has led to rising applications in military.

The global market consists of different international, regional, and local vendors. The market competition is expected to grow higher with the increase in technological advancements and mergers & acquisitions activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. Asia-Pacific is likely to register major value generating region during the forecast period. Countries such as China, Japan, South Korea, and Taiwan will account for the high market share where the growth of the market is mainly driven by the rise in investments and advancements in technology.

Some of the key players in global market include WATT Fuel Cell Corporation, Ultracell, SFC Energy, Protonex, Neah Power Systems, General Motors, Direct Methanol Fuel Cell Corporation, Delphi Automotive, Bloom Energy and Altergy.

Browse through the complete description and in-depth TOC on “Global Defense Fuel Cells Market”
https://www.reportsellers.com/market-research-report/Defense-Fuel-Cells---Global-Market-Outlook-2017-2023

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global Defense Fuel Cells Market has been segmented by technologies covered and regions covered

Technologies Covered:
Solid Oxide Fuel Cell (SOFC)
Direct-methanol fuel cells (DMFC)
Polymer Electrolyte Membrane (PEM)

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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