Market Analysis The fuel cell technology market will touch USD 10.25 billion at a stellar 20.15% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. A fuel cell, put simply, is a device that generates electricity through electrochemical reactions, not combustion. In the fuel cell, oxygen and hydrogen are combined for generating water, heat,...

Market Segmentation Fuel cell generates clean energy to serve all general electric needs as the process involves electricity generation other than combustion technology. Fuel cell technology is gaining traction due to increased demand for reliable alternative energy, resulting in a global fuel cell technology market to grow at a higher CAGR. In the reports by Market Research Future (MRFR), the...