The Global Molten Carbonate Fuel Cell Market is expected to grow at a CAGR during the forecasting period (2020-2027)
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.
The high efficiency of the molten carbonate fuel cells and the advantage of low emissions and fuel flexibility are driving the market growth in recent years.
The growing concerns for environmental pollution and increasing regulations for decreasing carbon emission will further drive the market growth in the forecast period to 2025.
The high cost of the equipment which is 3 to 4 time high compared to conventional technoloGlobal gies is hampering the growth of molten carbonate fuel cell market.
By Fuel type, the market is segmented as Natural gas, biogas, and others. 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, 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 the domestic applications such as home applications where the user can use molten carbonate fuel cell technology for both electricity and heating application.
By Geography the market is segmented into the Americas, Europe, Asia Pacific and rest of the World. North America is accounted for the significant share in the market due to high disposable incomes and growing investments in the fuel cell technologies.
Growing industrialization trend in the Asia Pacific region will lead to the strong growth for molten carbonate fuel cell market over the forecast period to 2025.
The competition in the industry is spread among a few large and international players globally. Few prominent players in the sector are FuelCell Energy solutions and Franco Cell with its long presence in the 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.
Visualize the composition of the global Molten carbonate fuel cell market across each indication, regarding type and treatment options, highlighting the critical commercial assets and players.
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1.1. Research Methodology
1.2. Scope of the market
2.1. Key Market trends and Developments
3.3. Porter’s Five Forces Analysis
4.1. By Fuel Type
4.1.1. Natural Gas
4.1.3. Others (Hydrocarbons, Syngas)
4.2. By Platform
5.1.4. Rest of North America
5.2.4. Rest of Europe
5.3. Asia Pacific
5.3.4. Rest of Asia Pacific
5.4. Rest of the World
6.1. Market Share/ Rank Analysis
6.2. Key strategies adopted by market players
7.1. Dupont Fuel Cell
7.2. Cmr Fuel Cells PLC
7.3. Polyfuel Inc
7.4. SFC Power
7.5. Ultracell Corp
7.6. FuelCell Energy
7.7. Franco Cell
7.9. Atrex Energy
8.2. Contact Us
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