Lucintel's latest market report analyzed that hydrogen fuel cell provides attractive opportunities in the stationary, transportation, and portable applications. The hydrogen fuel cell market is expected to reach $XX billion by 2028 with a CAGR of 21% to 23%. In this market, liquid-cooled type is the largest segment by product type, whereas transportation is largest by application.
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Based on product type, the hydrogen fuel cell market is segmented into air-cooled type and liquid-cooled type. The liquid-cooled type segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to it offers more cooling in comparison to air-cooled type, and condenser cooling allows fuel cell stack to function at higher temperatures in comparison to other cooling types.
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The Hydrogen Fuel Cell Market is marked by the presence of several big and small players. Some of the prominent players offering hydrogen fuel cell include Fuel Cell Energy, Cummins, Ballard Power Systems, Plug Power, Bloom Energy, AFC Energy, Dossan Fuel Cell, Panasonic Holding Corporation, Intelligent Energy Limited, and Pearl Hydrogen.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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