Global Aircraft Fuel Cells Market Expected to Grow at CAGR of 6.37% Between Years 2017-2021

Latest industry research report on: Global Aircraft Fuel Cells Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts


Albany, NY -- (SBWIRE) -- 03/20/2017 -- Fuel cells generate clean electricity by utilizing energy generated from electrochemical reactions, converting chemical energy into electrical and heat energy. They utilize external sources of chemical energy, such as hydrogen and oxygen, to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons that flow as electric current.

Technavios analysts forecast the global aircraft fuel cells market to grow at a CAGR of 6.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global aircraft fuel cells market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of aircraft fuel cells.

The market is divided into the following segments based on geography:

Technavio's report, Global Aircraft Fuel Cells Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Ballard Power Systems

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Market driver
Environmental mandates encouraging use of alternative fuels
For a full, detailed list, view our report

Market challenge
Competition from alternative technologies
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Market trend
Commissioning fuel cells in UAVs
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?