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Global Hydrogen Fuel Cell Market Could Exceed $49 Billion By 2027

Share: PALM BEACH, Fla., Dec. 16, 2020 /PRNewswire/ -- The hydrogen fuel cell market has been growing over the last few years and is expected to continue to see substantial growth over the next few years. A Hydrogen fuel cell is a device that generates electrical power by a chemical reaction via conversion of fuel (hydrogen) into electricity. Although batteries and fuel cells are both considered electrochemical cells and consist of similar structures, fuel cells require a continuous source of oxygen and fuel to run, similar to how an internal combustion engine needs a constant flow of gasoline or diesel. A fuel cell is a device that converts chemical potential energy (energy stored in molecular bonds) into electrical energy. The products of the reaction in the cell are water, electricity, and heat. This is a big improvement over internal combustion engines, coal burning power plants, and nuclear power plants, all of which produce harmful by-products. The energy.gov website said hydrogen can be used in fuel cells to generate power using a chemical reaction rather than combustion, producing only water and heat as byproducts. It can be used in cars, in houses, for portable power, and in many more applications. Find educational resources about hydrogen (H2) and fuel cell technologies. A report from ReportsAndData said that the global Hydrogen Fuel Cell market was valued at USD 10.49 billion in 2019 and is expected to attain a USD 49.52 billion value by the year 2027, at a CAGR of 21.4%   Active companies in the markets this week include

Germany
United-states
Hong-kong
American
Chris-suriano
Duane-hughes
Paul-travers
Walmart
Fuelcell-energy-inc
Ballard-power-systems-inc
China-international-capital-corporation-hong-kong-securities
Nikola-corporation

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