Fuel Cells: Powering the Electricity Generation Landscape
Key Ideas
  • Fuel cells are projected to generate 450 gigawatts of electricity by 2039, with hydrogen as the primary fuel source, leading to over $536 billion in revenue over 15 years.
  • Low-temperature fuel cells like proton exchange membrane are used in vehicles for cleaner emissions, while high-temperature fuel cells like solid oxide are utilized in stationary applications.
  • Information Trends, a leading market research firm, highlights hydrogen as the fuel of the future, signaling a shift away from fossil fuels in electricity production.
  • The study by Information Trends not only forecasts the growth of fuel cell technology but also offers insights into market trends and developments in clean energy.
A recent study by Information Trends predicts a significant transformation in the electricity generation landscape with fuel cells set to generate 450 gigawatts of electricity by 2039. The study focuses on the Global Market for Fuel Cells, emphasizing the use of hydrogen as the primary fuel source. Tazeen Fatima, a research analyst at Information Trends, highlights the immense potential of using fuel cells to generate electricity, estimating that the industry will see over $536 billion in revenue over a 15-year period. Hydrogen emerges as the fuel of the future, marking a crucial shift away from fossil fuels in electricity production. The study delves into the utilization of low-temperature fuel cells, such as proton exchange membrane cells, in vehicles to reduce emissions, emphasizing the cleanliness of hydrogen as a fuel source. Furthermore, high-temperature fuel cells like solid oxide cells find applications in stationary settings, particularly for emergency and backup power, with potential for further growth in various applications. Information Trends' series of studies not only forecast the growth of fuel cell technology but also provide insights into market trends and developments in the clean energy sector. Information Trends, known for its accurate and authentic analysis of hydrogen markets, offers comprehensive market studies and subscription services to provide actionable market intelligence. The company's emphasis on hydrogen as a key player in the future energy landscape underlines the importance of transitioning to cleaner and more sustainable energy sources.
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