Automotive Fuel Cell Market Overview:
The automotive fuel cell technology helps automakers to manufacture high energy cells that are capable of powering the automobiles. Market Research Future (MRFR) has published a report about the global automotive fuel cell market that estimates massive increase for this market at 15% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
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The major factor supporting the global automotive fuel cell market growth is conscious decisions by the automakers to reduce the carbon footprint in order to compensate the large automotive sales. The second factor is government initiatives in developed countries to find cleaner and greener alternatives to fuel. The third factor is the threat posed to the physical wellbeing of the user by conventional cell technology.
The global automotive fuel cell market can be segmented on the basis of the components, electrolyte type, fuel type, power output, vehicle type, and lastly, region. The components-based segmentation segments this market into the fuel processor, fuel stack, and power conditioner. Based on the electrolyte type, the market has been segmented into phosphoric acid fuel cell (PAFC) and proton exchange membrane fuel cells (PEMFC).
By fuel type, the market has been segmented into hydrogen and methanol. On the basis of power output, the market has been segmented into less than 100KW, 100-200 KW, and more than 200KW. As per vehicle type, the market has been segmented into the light commercial vehicle (LCV), heavy commercial vehicle (HCV), and passenger vehicle (PV).
The regional segmentation of the global automotive fuel cell market segments the market into regional markets known as Europe, North America, Asia Pacific, and the rest of the world (RoW). During the forecast period, the Asia Pacific region is expected to drive maximum sales of the global automotive fuel cell market, making it a continually growing market. The governments of countries like China, Hong Kong, and Japan are encouraging the use of renewable energies backed with favorable initiatives and policies to restrict carbon emissions and the ill effects of global warming. Another important country-specific market in this India, followed by the remaining countries of the Asia Pacific region.
North America is also taking steps to reduce carbon emissions due to a large number of vehicles plying on the roads. The high demand for passenger vehicles and heavy commercial vehicles always raises the demand as well as the market for the fuel cell as a greener alternative to the traditional cells. The major country-specific markets in this region are the USA and Canada. Many key market players are based in North America, especially in the USA.
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Europe is a significant regional market due to the presence of many key market players, the presence of some key market players, and government-imposed restrictions to curb environmental pollution. The vital country-specific markets are Spain and Germany, followed by the remaining countries in Europe. France and UK can be considered as potential markets in future as they are among the strongest economies in Europe.
Key Players
The key players in the global automotive fuel cell market include Automotive Fuel Cell Cooperation (Canada), Ballard Power Systems Inc. (Canada), Ceramic Fuel Cells Ltd (Australia), Delphi Technologies (UK), Hydrogenics (Canada), ITM Power (UK), Nedstack (The Netherlands), and Plug Power (USA).
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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The data center cooling offers energy efficient solutions to maximize the efficiency while ensuring the proper operation of data centers.
The demand of data cooling solution increasing among various sectors such as Telecom & IT, BFSI & Retail, healthcare, and energy sectors that has resulted in the growth of data center cooling market.
The various government regulations on carbon footprint and power efficiency of data center operations is also swelling the demand for environment friendly data center cooling solutions.Taste the market data and market information presented through more than 40 market data tables and figures spread over 110 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “The Global Data Center Cooling Research Report -Forecast to 2022.Get PR Details @ https://www.marketresearchfuture.com/press-release/data-center-cooling-marketKey PlayersThe Prominent players in the market of Data Center Cooling are- Fujitsu, Ltd. (Japan), Asetek A/S (Denmark), The Mitsubishi Group (Japan), Schneider Electric SE (France), Rittal GmbH & Co. KG (Germany), Hitachi, Ltd. (Japan), 4energy (U.K.), 3M (U.S.), Degree Controls (U.S.), Wakefield-Vette, Inc. (U.S.), HP Development Company, L.P. (U.S.), The Heico Companies LLC (U.S.), , Vertiv Co. (U.S.), IT Aire , Inc. (U.S.), Cloudsite Intelligent Data Centers (U.S.) among others.Segments:Global Data Center Cooling Market has been segmented on the Basis of Component, Cooling Type Service, End-User and Verticals.
Service has been identified as Professional Service & Managed Service.
End-User consist of SMEs & LSEs whereas Verticals includes Telecom & IT, BFSI, Healthcare, Energy, and Government among others.Regional Analysis:Geographic analysis of the data center cooling market includes namely North America, Europe, Asia-Pacific, and the Rest-of-the-World (RoW).North America has complete dominance over the data center cooling market.
Market Synopsis The data experts at Market Research Future Reports (MRFR) have analyzed the global automotive brake caliper market.
The growing collaboration between OEMs and automotive caliper industry to develop the aftermarket sector is estimated to prompt the global automotive brake caliper market 2020.
It is notable here that the countries such as India, China, and Germany are witnessing a rise in disposable income which is estimated to bring a direct expansion in the market.
Further, the emerging economies are estimated to pose a conducive environment for the growth of the global market during the assessment period.
However, the widening stopping distances over hydraulic breaking and the scrupulous rules related to the usage of light-weight materials in the braking system are some of the factors which may impede the market expansion.
Market Segmentation The worldwide automotive brake caliper market can be distinguished on the grounds of material, product type, vehicle type, sales channel, and region.
Industry InsightThe global aseptic packaging market analysis 2020 offers a steady compound annual growth rate (CAGR) from 2017 to 2023, making a high market valuation.
Key Drivers & BarriersThe global aseptic packaging market has shown remarkable growth in support of factors such as rising demand for transportation for longer distances.
There is a requirement for high initial investment for material and packaging machinery that are exact to this process, the ROI achieved owing to the reduced cost of cold chain logistics and distribution, as well as preservatives, has allowed manufacturers to reap benefits within three to five years.
These factors have also been impulsive towards the growth of the global aseptic packaging.MRFR, in its study, has also mentioned that the beverage industry has acquired the largest market share, driven by factors such as dairy, high consumption of milk, and RTD beverages, particularly from the Asia-Pacific region, which has proposed a significant augment in adopting aseptic cartons and pouches.
Regional FrameworkThe Asia Pacific region leads the global aseptic packaging market, and it is anticipated to observe the highest growth throughout the estimated period.
However, China’s disciplinary tariffs on the US dairy products are anticipated to make it complex for US dairy companies to take advantage of this situation, thus, opening up an opportunity for local vendors.
