/ Blog / Douglas Insights Adds Fuel Cells Market Research Reports to Its Comparison Engine


Erik Petrov


20 September 2022

Douglas Insights Adds Fuel Cells Market Research Reports to Its Comparison Engine

Douglas Insights has analysed various aspects of the Fuel Cells Market and revealed the changes in market trends due to increased awareness of climate change and global warming due to fossil fuel emissions. Its comparison engine has generated many research articles and reports, making it possible for several experts, analysts, and researchers to obtain essential information relating to key growth drivers and market restraints to make predictions and provide reports offering many insights into the global recycling market. The digital tool effectively compares all existing research and Publisher Ratings, Table of Contents, and Publication Dates.


The global market for Fuel Cells is expected to see a general upward trend with significant growth in the next forecast period. The CAGR is expected to grow by 26% by 2025. The major cause for this upward trend we see is the rising demand for clean power generation on a global scale. Additionally, regulations and restrictions regarding carbon emissions are becoming more stringent in countries all over the world, resulting in the increased need for fuel cells. As global warming reaches unprecedented levels and the effects of climate change are wreaking havoc in different regions, many of the world's political leaders are determined to reduce their country's carbon footprint. This means there needs to be a shift from fossil fuel-generated power to green and renewable power. Fuel cells are the solution to lowering carbon emissions. This growing global climate consciousness is the foremost driver of the market for fuel cells. 


DMFC, PAFC, and PEM are the most commonly used fuel cells. These cells rely on metals such as platinum to produce energy. Platinum and other rare metals are very expensive, and the fact that fuel cell energy generation depends on these metals means that the whole process itself becomes very expensive. These high costs are a major restraint to the Fuel Cells Market because fossil fuels, in contrast, are still much cheaper to use for energy and power generation. 


An opportunity to overcome market restraints is presented by hydrogen refuelling stations for vehicles. For example, Germany has a program known as the H2Mobility program, which develops fuelling stations in order to encourage the use of fuel cell-powered vehicles. Unfortunately, fuel cell technology is very expensive and still relatively new, meaning that not many regular people can make the switch to fuel cell electric vehicles. 


As for market segmentation, the small-scale segment accounting for up to 200 kW held the major share of the Fuel Cells Market this last year. During the next forecast period, however, it is expected that the commercial and industrial segments of the market will grow the fastest. This is because commercial and industrial end users can use almost any type of fuel cells, therefore not restricting them to just DMFC, PAFC, and PEM, which require expensive metals to produce energy. 


The Asia Pacific region was the most significant region for the Fuel Cells Market last year and is expected to remain the largest region. This, in part, is a result of the upgraded fuel cells policy adopted by China in March 2022. The country is aiming to have over 50,000 fuel cell vehicles on the roads by the year 2025.


Some of the key market players to look out for include Aisin Corporation (Japan), Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Ballard Power Systems (Canada), KYOCERA Corporation (Japan), and Ceres (UK).

Share on

Continue Reading

Value Proposition Canvas – How To Manage Consumer Pains And Gains

The value proposition canvas takes into account consumer gains and pains and develops solutions that the target audience would want to buy.

Why Is the Global 3D Printing Medical Devices Market Currently on the Rise?

Douglas Insights’ comprehensive reports can also help market researchers in analyzing the market thoroughly for a strategic game plan layout to help clients gain a competitive edge with fact-backed tactics.

Breast Pumps Market – Segmentation and Regional Forecasts

The global breast pump market is forecast to grow at a CAGR of 6.1% from 2019 to 2024. The growth can be attributed to increasing awareness about breastfeeding, a growing number of working women, and rising concern for children's health.

Technology Is the Driver Behind The Booming Global Wearable Medical Devices Market

The wearable medical devices industry has also been spurred by the widespread application of smartphones, mobile devices, and healthcare apps. The rise of such remote health information systems has significantly improved patient comfort, furthering demand.

Recent Press Releases

Douglas Insights Adds Handwriting Recognition (HWR) Market Research Reports to Its Comp...

Douglas Insights has expanded its comparison engine with Handwriting Recognition (HWR) Market research reports, allowing market researchers, analysts, indust...

Douglas Insights Adds Activated Carbon Market Research Reports to Its Comparison Engine

In order to further assist survey research, analysts, industry experts, and enterprises in identifying market trends, drivers of development, limits, barrier...

Douglas Insights Adds AI-based Clinical Trials Solution Provider Market Research Report...

Douglas Insights has further expanded its comparison engine with AI-based Clinical Trials Solution Provider Market research reports, allowing market research...

Douglas Insights Adds Custom T-Shirt Printing Market Research Reports to Its Comparison...

Douglas Insights wanted to expand its comparison engine with market reports that identify all the players in a market space. They also contain notes from res...