Industry Background:
The regenerative fuel cell is the reverse fuel cells that combine the electrolyzer to convert solar energy into stored chemical energy ie, pressurized hydrogen and oxygen gas with a fuel cell that can convert the chemical energy back to electric power and water. They are widely used in spacecraft, solar panels, UAVs, to power robots and other mobility systems. When the fuel cell is used in reverse, the anode turns to cathode and cathode becomes the anode. It is said to be the device that takes the waste product and electricity to return the original chemical fuel. The major problems the fuel cells face while competing with batteries, first converting water to H2 with electricity and the fuel cell itself is roughly 60% efficient when converting H2 back to electricity and water for the vehicle (where large amount of heat is lost).This growth is primarily driven by Increasing Demand for Power Generation for Fuel Flexibility, Clean Energy Consumption and Demand for Easy Handling and Light-Duty Vehicles.
Globally, a noticeable market trend is evident Increasing Use of Regenerative Fuel Cells to Power the Robots
. Major Manufacturers, such as Robert Bosch GmbH (Germany), Ballard Power Systems (Canada), Infinity Fuel Cell and Hydrogen, Inc. (United States), Ceres Power Holdings PLC (United Kingdom), Fujikura Ltd. (Japan), FuelCell Energy, Inc. (United States), Zinc8 Energy Solutions (Canada), Prototech AS (Norway), SFC Energy AG (Germany) and PolyFuel, LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 15th July 2019, FuelCell Energy Inc. announced the relaunch of the sub-MW distributed generation solution to the European market with the SureSource 250 and SureSource 400 fuel cell systems. These fuel cells are manufactured in Torrington, CT and assembled in Europe at the FuelCell Energy manufacturing facility in Germany.
Regulatory Insights:
"It is especially important that the hydrogen supply subsystem is protected from the elements and that the cylinder shut-off valve and the two-stage regulator adjustment knob be easily accessible. Several commercial gas suppliers can be selected for procuring the hydrogen vessel, including Matheson, Scott, and Air Products. The suppliers’ regulations and guidelines must be strictly adhered to for all aspects of handling the hydrogen gas and storage vessel. The stringent NASA safety standards must be followed when constructing and operating the fuel cell subsystem. Swagelok tube fittings are recommended for construction. It is highly recommended that the fuel cell stack be operated in a controlled laboratory environment to establish performance parameters prior to testing in the fuel cell subsystem for the mobile RFC trailer."
Market Drivers
- Increasing Demand for Power Generation for Fuel Flexibility, Clean Energy Consumption
- Demand for Easy Handling and Light-Duty Vehicles
Market Trend
- Increasing Use of Regenerative Fuel Cells to Power the Robots
- Emerging Unmanned Aerial Vehicle Market
Restraints
- Regulatory Compliance with Use of Regenerative Fuel Cell
- Risk of Adverse Impact on Environment
Opportunities
The Emerging Idea of Hydrogen Fuel Cell Vehicles will Boom the Regenerative Fuel Cell Market and Technological Advancements in Vehicle Industry
Challenges
Stiff Competition in Regenerative Fuel Cell Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Regenerative Fuel Cell Study Sheds Light on
The Regenerative Fuel Cell Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Regenerative Fuel Cell industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Regenerative Fuel Cell industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.