GLOBAL FUEL CELL MATERIAL HANDLING EQUIPMENT MARKET

INTRODUCTION

 Like batteries, fuel cells function but do not need to be recharged or run down. They generate heat and electricity as long as fuel is available.

Two electrodes—a negative electrode (also known as the anode) and a positive electrode (also known as the cathode)—sandwiched around an electrolyte make up a fuel cell.

Transportation, material handling, and permanent, portable, and emergency backup power are just a few of the many uses for fuel cells. Fuel cells that use hydrogen can produce electricity through a chemical reaction as opposed to combustion, with the only byproducts being heat and water.

Numerous end uses in fixed, mobile, and transportation power applications can be powered by fuel cells.

Fuel cells are capable of producing electricity with high efficiency and nearly no hazardous air pollution by directly converting the chemical energy in fuels like hydrogen, natural gas, or biogas to electricity.

There are many commercially accessible fuel cell systems nowadays. The market for material handling equipment is one of these developing markets (MHE)

GLOBAL FUEL CELL MATERIAL HANDLING EQUIPMENT MARKET SIZE AND FORECAST

The Global Fuel cell material handling equipment 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.

NEW PRODUCT LAUNCH

BMW Manufacturing Unveils Material Handling Equipment for Hydrogen Fuel Cells

The material handling equipment at the plant will be powered by hydrogen fuel cells thanks to a new alternative fuel platform being implemented, according to BMW Manufacturing Co. Forklifts, tuggers, and stackers powered by hydrogen fuel cells will be employed in BMW's new production hall to create the new BMW X3 Sports Activity Vehicle.

Fuel cells use two internal electrochemical reactions to transform chemical energy—in this case, hydrogen—stored in the device into electrical energy.

Hydrogen fuel cells only produce heat and water as waste, which makes them more efficient than other, more traditional energy sources.

With a project like this one in Spartanburg, BMW has taken another significant step to demonstrate our commitment to sustainability on a global scale, according to BMW Manufacturing President. 

The objective of using renewable energy as much as feasible throughout the plant site is one that has a clear vision and is one that everyone is committed to achieving.

BMW Manufacturing believes that this initiative will save 1.8 million kilowatt hours per year of electricity use at the plant that would have been utilised to charge a battery-powered fleet because hydrogen is the only energy source for the fuel cells being used in the new facility.

Unlike battery-powered equipment, which becomes less efficient as the battery gets closer to being empty, fuel cells offer continuous power with no power loss as the tank gets close to being empty.

COMPANY PROFILE

• BMW
• SUNTECH
• Toyota
• Hyster
• Oorja Protonics

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perGlobal Fuel cell material handling equipment marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aGlobal Fuel cell material handling equipment marketin the US, Europe and China?
3. How manyGlobal Fuel cell material handling equipment marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aGlobal Fuel cell material handling equipment marketand key vendor selection criteria
6. Where is theGlobal Fuel cell material handling equipment market manufactured? What is the average margin per equipment?
7. Market share ofGlobal Fuel cell material handling equipment marketmanufacturers and their upcoming products
8. The most important plannedGlobal Fuel cell material handling equipment marketin next 2 years
9. Details on network of majorGlobal Fuel cell material handling equipment marketand pricing plans
10. Cost advantage for OEMs who manufactureGlobal Fuel cell material handling equipment marketin-house
11. 5 key predictions for next 5 years inGlobal Fuel cell material handling equipment market
12. Average B-2-BGlobal Fuel cell material handling equipment marketprice in all segments
13. Latest trends inGlobal Fuel cell material handling equipment market, by every market segment
14. The market size (both volume and value) ofGlobal Fuel cell material handling equipment marketin 2022-2030 and every year in between?
15. Global production breakup ofGlobal Fuel cell material handling equipment market, by suppliers and their OEM relationship