Fuel Cell Market Insights | Size, Status & Growth Factors | Forecast To 2025

Fuel Cell Market was valued at USD 3.21 billion in 2016. The product’s ability to power various portable device and machines running on batteries, as well as high benefits over the conventional technologies concerning emission, is most likely to propel the fuel cell industry in the upcoming years.

Owing to the strict government regulations in the developed economies such as Europe and U.S., to reduce the emissions coupled with the technological advancements to support the existing electric grids is expected to boost the growth over the forecast period.

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The fuel cell market is expected to experience the growth in the number of private-public relationships to provide cost efficiency and facilitate a suitable platform for a technological shift. Reorganizing the businesses along with the mergers & acquisitions are the key strategies adopted by industry players to develop the end users.

Product Insights

Although the configurations of the fuel cells are the same, it is classified primarily by electrolyte used which also determines the most suitable application for them. In 2015, PEMFC product segment dominated the global market and accounted for approximately 65% of the total shipments. Broad scope in varied applications such as telecommunications, forklifts, automobile, data centers, backup systems and primary centers has led to the growth of the product in the market.

SOFC does not lose electrolyte owing to its all solid components, which gives it the ability to operate at high temperatures and reduces the need for expensive catalysts. Regarding revenue, the product is most likely to witness the fastest growth rate with the estimated CAGR of over 20% over the forecast period.

Stationary fuel cells such MCFC are the largest and most popular fuel cells. They are designed to supply reliable and clean on-site power. The products are installed in big stationary power plants, which makes them possess thus making them the second largest for installed capacity.

Due to the strict government regulations in the developed region such as North America, it is most likely to develop as the leading market for fuel cells regarding installed capacity. In 2015, it accounted for about 50% of the global installed capacity and was also predicted to continue the trend over the next six years on account of rapid commercialization and technology adoption of hydrogen-powered commercial vehicles. North America is projected to grow at an estimated CAGR of 25% between 2016 to 2025.

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Market Segment:

Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 – 2025)

        • PEMFC

        • PAFC

        • SOFC

        • MCFC

        • Others

Application Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 – 2025)

        • Stationary

        • Transportation

        • Portable

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Coal Bed Methane (CBM) Market Profile | Dynamics and Key Players | Forecast To 2025

Coal Bed Methane (CBM) Market is estimated to reach USD 17.3 billion by 2020, growing at a CAGR of 5.9% from 2014 to 2020. Natural gas, the cleanest of all the fossil fuels is a rapidly growing energy source and is gaining market share significantly. Owing to its increasing applications for domestic and transportation use, it has been evolving as one of the primary sources of global fuel.

Coal bed methane (CBM) is also known as coal bed gas, coal-mine gas, or coal seam gas (CSG). Coal Bed Methane market is estimated to gain moderate growth owing to its growing application in manufacturing, residential, automotive sector. Shale gas and CBM are used as alternatives for depleting oil reserves and increasing energy demand.

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Moreover, it is expected that availability of unconventional sources is much higher than conventional natural gas sources. CBM production is projected to increase over the forecast period owing to increased exploration and extraction of conventional natural gas globally. By application of vertical drilling, the cost of producing one cubic meter of CBM costs around USD 0.11. Drilling cost is approximately around 75% of total production of one cubic meter of CBM. Maintenance cost for equipment and machinery costs nearly 6.8% of the total cost, while the operational expenses goes to 5.4% of the total cost.

Application Insight:

The major application for this segment includes industrial, power generation, commercial, Residential, automotive sector and transportation. In 2013, over 64% of total production was consumed by industries and power generation plants. Currently, power generation is the most attractive investment sector globally owing to higher return on investment. CBM can be converted into petrol, ethanol or diesel, can also be stored in canisters for application of domestic or local fuels. The high quality of gas recovered is suitable for replacing conventional natural gas in power stations which include gas turbines and gas engines systems.

Regional Insight:

Globally, Canada and USA are largest producers accounting for over 70% of total volume in 2013. Demand for CBM in the region is largely driven by the increasing market for sustainable fuel in U.S. and to reduce the reliance on conventional sources of natural gas. The Asia Pacific region, owing to increasing drilling operations mostly in coal-rich nations such as India, China, Australia, Indonesia is expected to be the fastest growing CBM market globally.

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Market Segment:

CBM Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)

        • Power Generation

        • Industrial

        • Residential

        • Commercial

        • Transportation

Regional coverage of the database includes:

        • North America

                • U.S.

                • Canada

        • Europe

                • Russia

        • Asia-Pacific

                • China

                • India

                • Australia

                • Indonesia

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Carbon and Energy Management Software Market Applications, Scope, Competition Analysis and Trends to 2022

Worldwide Carbon and Energy Management Software Market is expected to grow at an exponential CAGR in the years to come. The division of the international Carbon and Energy Management Software Industry on the source of Type of Placement and Study extends cloud-based and on-premise. For the duration of recent past year, the on premise subdivision has ruled the market and was responsible for a most important part of the general market stake. Features for instance the accessibility of an internal group of IT specialists and little continuing infrastructural charges are the important backers to the supremacy of this subdivision in the international market.

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The division of the international Carbon and Energy Management Software Market on the source of Type of End Use extends Enterprise, Industrial, Oil and gas and Power and utilities. During this revision of the market, market analyst has expected the power and utilities subdivision to take over the carbon and energy management software industry for the duration of the prediction period. This subdivision takes account of electric utilities that are communal organizations or privately-possessed companies producing power for communal use. Speedy progression in the inhabitant’s and improved suburbanization are motivating the progress of this subdivision in the international market.

 

The growing acceptance of energy management software among the most important oil and gas companies is the important motivation for the supremacy of the Americas in the carbon and energy management software market. Likewise, technical progress has improved the manufacture of ample oil and natural gas means in the area, thereby increasing the demand for carbon and energy management software. Furthermore, by means of a growing amount of enterprises accepting the carbon and energy management software to make sure correct organization of their carbon imprint, the international carbon and energy management software industry is estimated to propagate in the approaching years.

 

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Microinverter Market 2022- by Opportunities, Trends, Dynamics and Growth Factors

The Microinverter Market by Top Key Manufacturers (P&P Energy Technology Co., Limited, Siemens AG, ReneSola), Geographical Analysis (North America, Latin America, Europe, Asia-Pacific), Size and Revenue.

The Global Microinverter Market is estimated to develop at a substantial CAGR for the duration of the prediction period. The division of the international Microinverter Industry on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided in to the types: Three-phase and Single-phase. The division of the international Microinverter Market on the source of Type of Connection spans Grid-Connected and Stand-Alone. The division of the international Microinverter Industry on the source of Type of End Use with reference to intake in terms of Trades, Market stake, and Development percentage of Microinverter for the respective end use. The international market is divided in to commercial and domestic.

 

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The division of the international Microinverter Market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage of Microinverter in these areas, for the duration of the prediction period. The area wise division of the international market spans North America [U.S., Canada, and Mexico], Latin America [Brazil, Argentina, and others], Western Europe [France, Spain, Germany, U.K., Italy, and Rest of Europe] Asia Pacific [India, Japan, China, Australia, and Rest of Asia Pacific], Middle East and Africa [GCC nations, and Southern Africa].

 

In the area of Asia-Pacific, market of Microinverter is likely to take the speedy development in Japan for the duration of the prediction period. On an international scale, Japan is not the major market but it’s in the topmost three nations, by means of solid administrative backing, and its gigantic solar energy business. Yet, despite demonstrating a most important domestic market prospective, it has been in front of restricted Microinverter deliveries. It is likely that the diffusion percentage of Microinverters into Japanese market would grow considerably to x% of entire setting up by the completion of year2018.

 

Regional Insights:

 

Additional issue for catalyzing the market in Japan may possibly be Microinverter dealers earning Japan Electrical Safety & Environment Technology Laboratories [JET] authorization. The North American market of Microinverter had made the maximum income during the latest past year. It is estimated to tip the market all over the prediction period.  The statement revises Trades in terms of intake of Microinverter in the international market; particularly in North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.

 

Moreover, Continue………….

Carbon and Energy Management Software Market (2022) – Trends, Demands, Drivers and Region

Carbon and Energy Management Software Market is extremely combined owing to the existence of big companies, grabbing the main stream of the market stocks. The growing acceptance of energy management software among the most important oil and gas companies is the important motivation for the supremacy of the Americas in the carbon and energy management software market. Likewise, technical progress has improved the manufacture of ample oil and natural gas means in the area, thereby increasing the demand for carbon and energy management software.

 

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The Global Carbon and Energy Management Software market is Expected To Grow At An Exponential CAGR in the years to come. The division of the international Carbon and Energy Management Software Industry on the source of Type of Placement and Study extends cloud-based and on-premise. For the duration of recent past year, the on premise subdivision has ruled the market and was responsible for a most important part of the general market stake. Features for instance the accessibility of an internal group of IT specialists and little continuing infrastructural charges are the important backers to the supremacy of this subdivision in the international market.

 

The division of the international Carbon and Energy Management Software Market on the source of Type of End Use extends Enterprise, Industrial, Oil and gas and Power and utilities. During this revision of the market, market analyst has expected the power and utilities subdivision to take over the carbon and energy management software industry for the duration of the prediction period. This subdivision takes account of electric utilities that are communal organizations or privately-possessed companies producing power for communal use. Speedy progression in the inhabitant’s and improved suburbanization are motivating the progress of this subdivision in the international market.

 

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Top Key Manufacturers Operating:-

 

The key players that fuel the growth of the Carbon and Energy Management Software Market on the international basis are SAP, Schneider Electric, IBM, and CA Technologies. Additional noticeable companies operating in the Carbon and Energy Management Software Industry on the international basis are Source One, Verisae, MetricStream, Enviance, Enablon, Carbon Clear, Ecova, Asset Works, and ACCUVIO.