GLOBAL MARINE FUEL CELL MODULE MARKET
INTRODUCTION
Hydrogen-fueled fuel cells are an effective, green, zero-emission direct current (DC) power source that is now being developed for use in marine applications in addition to the heavy-duty bus, truck, and train applications. Water vapor and mild heat are the only emissions a fuel cell produces.
Energy is produced by fuel cells electrochemically. Since the fuel cell transforms fuel directly into energy and heat, combustion is avoided. Fuel cell technology comes in a variety.
The proton exchange membrane fuel cell is one of the most promising zero-emission technologies (PEMFC). Through an electrochemical reaction with oxygen, the PEM fuel cell turns the chemical energy from hydrogen into electricity, producing only clear water and heat in the process.
Compared to combustion engines, fuel cells are more efficient, and the technology enables energy to be concentrated more densely than in petroleum fuels. The entire energy cycle will be clean if renewable resources are used to create the hydrogen fuel, resulting in a truly zero-emission fuel.
GLOBAL MARINE FUEL CELL MODULE MARKET SIZE AND FORECAST
The Global Marine fuel cell module market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
MARKET DYNAMICS
A modular power supply system designed for marine use makes up ABB’s fuel cell solution. The fuel cells with a hydrogen proton exchange membrane (PEM) serve as the system’s foundation.
High and low voltage, AC and DC power systems, as well as systems utilizing batteries or engines, can all benefit from the usage of fuel cell technology. The system can be entirely hydrogen-powered or it can be included in a hybrid power system.
RECENT PRODUCT DEVELOPMENT
DNV granted the FCwave marine fuel cell module from Ballard Power System the first Type Approval in the industry.
The Type Approval represents a crucial step in the commercialization of Ballard’s fuel cell technology for maritime applications and is essential to integrating fuel cells as part of zero-emission solutions for the marine industry.
At Ballard’s global Marine Center of Excellence in Hobro, Denmark, where the FCwave is designed and developed, a number of simulations and tests were conducted as part of the Type Approval procedure, which is a lengthy process.
The marine industry may now use zero-emission technologies and achieve global emission reduction targets thanks to the new classification of FCwave, which has eliminated a significant barrier.
The Type Approval from DNV confirms that FCwave is designed, tested, and ready for installation, which is crucial in boosting market confidence in hydrogen fuel cells.
They are able to provide the first fuel cell system that is deployment-ready and capable of assisting the marine industry in taking the next steps toward establishing zero-emission operations thanks to the Type Approved FCwave module.
The International Maritime Organization has established challenging goals to reduce ship-related GHG emissions by at least 50%.
A customizable solution that can meet the energy requirements of different vessel types as well as onshore electricity is the high-power FCwave module.
The 200kW power module is expandable and provides a plug-and-play alternative to traditional diesel engines.
The goal of Ballard Power Systems is to provide fuel cell energy for a planet that is sustainable. Buses, commercial vehicles, railroads, maritime vessels, passenger cars, and forklift trucks are among the types of transportation that are being electrified thanks to Ballard zero-emission PEM fuel cells.
The product performance and other attributes, as well as the expected product deliveries and deployments, are all predicted in this release.
It entails risks and uncertainties that could cause Ballard’s actual results to differ materially from expectations.
These risks and uncertainties include general economic and regulatory changes, harmful reliance on third parties, the success of their business plans, and achieving and maintaining profitability.
COMPANY PROFILE
- MEYER WERFT GmbH & Co. KG
- Nuvera Fuel Cells LLC
- Dyna International BV
- Power Cell
- energy A/S
- Toshiba Corporation
- Siemens
- Proton Motor GmbH
- Watt Fuel Cell Corporation
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Global Marine fuel cell module market right now and how will it change in the next 5-6 years?
- Average cost to set up a Global Marine fuel cell module market in the US, Europe and China?
- How many Marine fuel cell module market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Global Marine fuel cell module market and key vendor selection criteria
- Where is the Global Marine fuel cell module market manufactured? What is the average margin per equipment?
- Market share of Global Marine fuel cell module marketmanufacturers and their upcoming products
- The most important planned Global Marine fuel cell module market in next 2 years
- Details on network of major Global Marine fuel cell module market and pricing plans
- Cost advantage for OEMs who manufacture Global Marine fuel cell module market in-house
- 5 key predictions for next 5 years in Global Marine fuel cell module market
- Average B-2-B Global Marine fuel cell module market price in all segments
- Latest trends in Global Marine fuel cell module market, by every market segment
- The market size (both volume and value) of Global Marine fuel cell module market in 2022-2030 and every year in between?
- Global production breakup of Marine fuel cell module market, by suppliers and their OEM relationship
