Molten Carbonate Fuel Cell Market

SKU: DMEP696 | Last Updated On: Sep 21 2022 | Available Formats

> Global Molten Carbonate Fuel Cell Market Expected to reach a high CAGR by 2029: DataM Intelligence

Global Molten Carbonate Fuel Cell Market is segmented By Fuel Type (Natural Gas, Biogas, Others), By Platform (Portable, Stationary, Transport), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global "Molten Carbonate Fuel Cell Market" is expected to grow at a high CAGR  during the forecasting period (2022-2029)

  • A molten carbonate fuel cell is a chemical process that converts fuel into electricity. The Molten Carbonate Fuel Cell (MCFC) works at a high temperature (about 650 °C) and offers various advantages.

Molten Carbonate Fuel Cell Market Scope

Metrics

Details

Market CAGR

High

Segments Covered

By Fuel Type, By Platform, And By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Industry Outlook

  • The high efficiency of the molten carbonate fuel cells and the advantage of low emissions and fuel flexibility are driving market growth in recent years.

  • The growing concerns about environmental pollution and increasing regulations for decreasing carbon emissions will further drive market growth in the forecast period to 2025.

  • The high cost of the equipment which is 3 to 4 times high compared to conventional technological gies is hampering the growth of the molten carbonate fuel cell market.

Market Segmentation

  • By Fuel type, the market is segmented as Natural gas, biogas, and others. The biogas segment is anticipated to have increased growth over the forecast period to 2025, due to the growing demand for cleaner fuels that cause less harm to the environment, which will lead to the rising demand for biogas fuels.

  • By platform type market is segmented as portable, stationary, and transport. The mobile segment is expected to have strong growth over the forecast period to 2025 with increasing adoption of fuel cells in domestic applications such as home applications where the user can use molten carbonate fuel cell technology for both electricity and heating application.

Geographical Share

  • By Geography the market is segmented into the Americas, Europe, Asia Pacific, and the rest of the World. North America accounted for a significant share of the market due to high disposable incomes and growing investments in fuel cell technologies.

  • The growing industrialization trend in the Asia Pacific region will lead to the strong growth of the molten carbonate fuel cell market over the forecast period to 2025.

Manufacturers

  • The competition in the industry is spread among a few large and international players globally. A few prominent players in the sector are FuelCell Energy solutions and Franco Cell with its long presence in fuel cell technologies.

  • Key players in the industry are developing and utilizing molten carbonate fuel cell technologies in cooperation with end-users. For instance, in May 2018, FuelCell Energy along with ExxonMobil is re-engineering its fuel cell technology to capture carbon at a power plant in Alabama.

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FAQ

What is the Growth Rate of the Molten Carbonate Fuel Cell Market?

Through the forecast period( 2022- 2029), it's going to develop a higher CAGR.

What Companies Are Included in the Carbonate Fuel Cell Market?

FuelCell Energy along with ExxonMobil is re-engineering its fuel cell technology to capture carbon at a power plant in Alabama.

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