Global Portable Power Fuel Cells Market: Overview
Portable power fuel cells are a relatively recent addition to the global power scenario and have witnessed a steady rise in demand despite some notable drawbacks. Portable power sources are a vital need in areas where connectivity with the main power grid may not be adequate.
The report segments the global portable power fuel cell market on the basis of technology into proton exchange membrane fuel cells, direct methanol fuel cells, and solid oxide fuel cells. Of these, proton exchange membrane fuel cells are a leading segment of the portable power fuel cells market. By end use, the global portable power fuel cells market is segmented into military, marine, telecommunications, research, and residential. The report provides detailed data illustrating the volume of use of portable power fuel cells in each consumer category and projections regarding the market shares of each category till 2024.
The report provides a thorough overview of the development trajectory of the global portable power fuel cells market and presents readers with reliable predictions regarding the market’s growth prospects till 2024. The leading revenue generators in the global portable power fuel cells market are examined in the report, which includes detailed data about the hierarchy of the portable power fuel cells market by each key criterion.
Global Portable Power Fuel Cells Market: Trends and Opportunities
The global portable power fuel cells market has been helped immensely by the steady technological development in fuel cell technology over the past few years. This has led to the availability of highly efficient and power-dense portable fuel cells, which have become some of the key revenue generators for the global portable power fuel cells market.
Another key driver for the global portable power fuel cells is the variety of fuels that can be used to power portable fuel cells. Methanol, ethanol, butane, diesel, and hydrogen are some of the most popular fuels used in portable power fuel cells. The relative ease of acquiring hydrocarbon fuels such as methanol, ethanol, and butane has helped the global portable power fuel cells, as it has made operating them easier and affordable.
On the other hand, portable power fuel cells are limited by an inherent feature of their design: Since portable fuel cells may need to be refilled at a remote location, the user needs to carry the highly flammable fuels along with the fuel cell.
In addition to this obvious risk, portable power fuel cells are also at risk of becoming redundant in the coming years. Due to the notable government support afforded to power grid enhancements and the development and adoption of smart grids, grid power is becoming easily available in even previously unreachable areas. In addition, the use of locally self-sustainable forms of energy generation such as solar, wind, and small-scale hydropower has also become a more viable and, in the long run, cheaper alternative to portable fuel cells. The need for portable power sources in urban areas is also scant, as sharing power sockets in public areas such as hotels and public transportation has become a common practice in urban areas across the world.
Global Portable Power Fuel Cells Market: Competitive Dynamics
The report provides readers with detailed profiles of leading players in the global portable power fuel cells market such as Horizon, ICM Plastics, Johnson Matthey, Ballard, Fuel Cell Components and Integrators, Masterflex AG, Mechanical Technology Incorporated Gore, Angstrom Power, Asahi Glass, GrafTech International, Heliocentris Fuel Cells AG, BASF, Medis Technologies, Ceramic Fuel Cells, Manhattan Scientifics, and Altair Nanomaterials.