Los Angeles, CA -- (SBWire) -- 10/03/2019 --Fuel cell technology has emerged as one of the promising technological advancements to fulfil the need for an environment friendly, efficient, and sustainable alternative to fossil fuels. A protonic ceramic fuel cell (PCFC) is a type of fuel cell. A material called ceramic electrolyte is utilized in PCFC, which displays high protonic conductivity at high temperatures. PCFCs have the ability to operate at high temperatures, which is essential in order to attain high electrical fuel efficiency. PCFCs can make use of a wide range of fuel sources. Some of the fuels that can be deployed are hydrocarbons, non-fossilized organic matter, coal, and wood.
PCFC is anticipated to emerge as a next generation power system owing to its associated features such as low pollutant emissions and exceptional conversion efficiency. A number of innovations are taking place in the market. For instance, the world's smallest and lightest hydrogen fuel cell was developed by the some of the researchers in Singapore. The energy density of the fuel cell was much greater than the conventional ones.
Advancements in PCFC Technology to act as Push to the Market Growth
Constant developments in PCFC technology is having a positive impact on the protonic ceramic fuel cell market growth. Advent of novel technologies in hydrogen storage and growing need for reliable and durable energy system are boosting the market growth.
Surge in public and private investments is also acting as a key factor driving the protonic ceramic fuel cell market. PCFC is increasingly preferred over backup power options owing to its high fuel efficiency and ability to perform at high temperature, which is further boosting the market growth in the forthcoming years. Use of cost-effective metals, surge in the demand for fuel cell vehicles, and emergence of novel technologies are likely to open up novel avenues for the market.
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Key Players to Introduce Novel Products
Key players operating in the protonic ceramic fuel cell market include Ballard, FuelCell Energy, Hydrogenics, Horizon, Hyster-Yale Group, Pearl Hydrogen, Toshiba, Doosan Fuel Cell, Intelligent Energy, Nedstack, Sunrise Power, and PLUG Power. Market participants are taking up strategic initiatives such as mergers and acquisitions, partnerships, collaborations, expansions, and new product launches in order to gain a greater share in the market.
For instance, lately, one of the key companies, Intelligent Energy introduced FCM 800 SERIES of fuel cell module products for stationary as well as portable applications. These products have the potential to deliver power outputs ranging from 1kW to 4kW, which is improved for hybridisation with batteries.
Key Points to Remember
? Advancements in PCFC technology to act as a key driver in the global PCFC market
? PEMFC product type to gain popularity in the protonic ceramic fuel cell market
? Ability of PCFC to perform under practical conditions is expected to drive its demand among stationery power applications
? North America to emerge as a frontrunner in the global PCFC market in the forthcoming years
By Product Type
? PEMFC
? DMFC
? PAFC
? SOFC
? MCFC
? AFC
By Application
? Portable
? Stationary
? Transport
According to the experts, the PEMFC product type is expected to grab a major share in the PCFC market owing to its extensive usage in a wide range of applications. Besides that, it has been estimated that SOFC and MCFC product types are likely to witness significant growth in the coming years. As far as the application is concerned, PCFC is expected to gain immense traction in the stationery power applications such as small scaled grid connected power units in households and continuous power supplies to critical infrastructure.
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Protonic Ceramic Fuel Cell Market Analysis, Size, Share, Growth, Trends and Outlook Forecast by 2025