The global Air-Cooled Type market was valued at USD 14.72 Billion in 2021 and is projected to grow at a CAGR of 21.2% from 2021 to reach USD 80.48 Billion by the year 2030. Air-Cooled Types are known to be used in a broad range of applications like cars, buildings, electronic devices, trucks, and/or backup power systems. As those fuel cells can be grid-independent, they are an attractive option for critical load functions such as telecommunication towers, data centers, emergency response systems, hospitals, and even military applications for national defense. A Air-Cooled Type is a device that generates electrical power by a chemical reaction via conversion of fuel (hydrogen) into electricity. Although fuel cells are considered to be electrochemical cells and consist of similar structures, fuel cells require an uninterrupted source of oxygen and fuel to run, similar to how an internal combustion engine that needs a constant flow of gasoline or diesel.
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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global Air-Cooled Type market is expected to register robust revenue CAGR between 2022 and 2028. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.
Competitive Landscape:
The report sheds light on details about every market player in the global Air-Cooled Type market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base.
Top companies operating in the global Air-Cooled Type market include: Fuel Cell Energy Inc., Cummins Inc., Ballard Power Systems, Plug Power Inc., Bloom Energy, AFC Energy Plc. and others.
Global Air-Cooled Type market segmentation:
Type Outlook:
- Air-Cooled Type
- Air-Cooled Type
Application Outlook:
- Automotive
- Stationery
- Material Handling Equipment
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Russia
- K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- Israel
- Rest of MEA
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Key questions addressed in the global Air-Cooled Type market report:
- What is the expected market size of the global Air-Cooled Type market during the forecast period?
- What are the key restraints that are expected to hamper overall market growth between 2022 and 2028?
- What key factors are expected to boost global Air-Cooled Type market revenue growth throughout the forecast period?
- Which regional market is projected to account for largest revenue share over the forecast period?
- Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
- Which key players are operating in the global Air-Cooled Type market?
The report also offers details about each segment and major regions covered in the global Air-Cooled Type market.
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