Mitsubishi Power, Ltd. Received an order pan-Europe for a solid oxide fuel cell (SOFC). The system will be put into operation by March 2022 and is developed to supply heat and electricity independently of the existing power grid.
Plug Power Inc., a global leader in energy solutions announced the launch of its new product a 30-kilowatt (kW) hydrogen fuel cell engine.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 3701
Published Date: Apr 24, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The expansion of the electrical and electronics sector and rapid growth in the automotive sector are some of the major factors anticipated to drive the growth of the portable fuel cell market.
The market is anticipated to attain a CAGR of 26% over the forecast period, i.e., 2023-2035.
The major players in the market are Mitsubishi Power, Ltd., Plug Power Inc., Cummins Inc., Panasonic Corporation, Bloom Energy, TW Horizon Fuel Cell Technologies, Intelligent Energy Limited, and others.
The hydrogen segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.