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Global Fuel Cells for Marine Vessels Market to Grow at a CAGR of 3.73% During the Period 2017-2021: Dynad International, PowerCell Sweden, Serenergy, Toshiba

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Albany, NY -- (SBWIRE) -- 04/09/2018 -- Fuel cells are flexible in nature, and they can be used as a single cell or in stacks. As a result, the power produced can be channelized throughout a ship, without an increase in the consumption of fuel. Fuel cells are used in marine vessels to power the main propulsion system partially or fully, as well as cater to the onboard energy consumption requirements. The market is still in its nascent stage and companies are investing in the technology development to produce propulsion systems with low carbon emission in response to stringent regulatory policies.

Technavios analysts forecast the global fuel cells for marine vessels market to grow at a CAGR of 3.73% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global fuel cells for marine vessels market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

Global Fuel Cells for Marine Vessels 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
Dynad International
PowerCell Sweden

Other prominent vendors
Fiskerstrand Verft
Nuvera Fuel Cells
WATT Fuel Cell

Market driver
Demand for alternate propulsion systems
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Market challenge
Issues in designs of propulsion systems
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Market trend
Evolution of hydrogen as a marine fuel
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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?

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