GLOBAL AUTOMOTIVE FUEL CELL MARKET
The cathode, the positive post of the fuel cell, has channels etched into it that distribute the oxygen to the surface of the catalyst. It also conducts the electrons back from the external circuit to the catalyst, where they can recombine with the hydrogen ions and oxygen to form water.
The electrolyte is the proton exchange membrane. This specially treated material, which looks something like ordinary kitchen plastic wrap, only conducts positively charged ions. The membrane blocks electrons. For a PEMFC, the membrane must be hydrated in order to function and remain stable.
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The anode, the negative post of the fuel cell, has several jobs. It conducts the electrons that are freed from the hydrogen molecules so that they can be used in an external circuit.
It has channels etched into it that disperse the hydrogen gas equally over the surface of the catalyst.
MARKET DYNAMICS
China is pushing for fuel cell development throughout the country. Subsidies are available and incentives are provided for developing fuel cell vehicles. There is a set-up of the hydrogen power corridor across China.
China plans to have one million FCEVs on the road and 1,000 hydrogen refuelling stations by 2030, with heavy vehicles a priority. Toyota started a joint venture in China along with Beijing SinoHytec. Toyota will soon start manufacturing fuel cell components in China and this will be the first time production of fuel cell components will be outside Japan.
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South Korea has looked into developing fuel cell vehicles for more than a decade. At Seosan, South Chungcheong Province a 50 MegaWatt secondary hydrogen fuel cell power plant is being constructed .
Johnson Matthey after incurring losses for over 20 years manufactures fuel-cell components has started to make strides in the industry due to the policies of China boosting the hydrogen powered automotive industry. The Chinese government plans to integrate 1 million fuel cell vehicles with focus on trucks and buses within a decade.
Loop Energy, manufacturer of hydrogen fuel cells and Technicas Reunidas based in Spain have entered into a joint agreement for the development of secured future opportunities for hydrogen fuel cells. The company Hyundai has partnered in H2 mobility in Germany for the development of infrastructure for hydrogen based fuel cells.
GLOBAL AUTOMOTIVE FUEL CELL MARKET SIZE AND FORECAST
The Global Automotive Fuel Cell Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
COMPANY PROFILE
- Plug Power
- Hydrogenics
- Ballard Power Systems
- Delphi Technologies
- ITM Power
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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Global Automotive Fuel Cell Market right now and how will it change in next 5-6 years?
- Average cost to set up Automotive Fuel Cell Market in US, Europe and China?
- How many Global Automotive Fuel Cell Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Global Automotive Fuel Cell Market and key vendor selection criteria
- Where is the Global Automotive Fuel Cell Market manufactured? What is the average margin per equipment?
- Market share of Global Automotive Fuel Cell Market manufacturers and their upcoming products
- The most important planned Global Automotive Fuel Cell Market in next 2 years
- Details on network of major Global Automotive Fuel Cell Market and pricing plans
- Cost advantage for OEMs who manufacture Global Automotive Fuel Cell Market in-house
- 5 key predictions for next 5 years in Global Automotive Fuel Cell Market
- Average B-2-B Global Automotive Fuel Cell Market price in all segments
- Latest trends in Global Automotive Fuel Cell Market , by every market segment
- The market size (both volume and value) of Global Automotive Fuel Cell Market in 2022-2027 and every year in between?
- Global production breakup of Global Automotive Fuel Cell Market, by suppliers and their OEM relationship
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