Fuel Cell Interconnectors Market Projected To Witness Optimistic Growth Trajectory on Backdrop of Multiple Factors
Global Fuel Cell Interconnectors Market Introduction
A fuel cell is a battery that generates electricity through an electrochemical reaction where the fuel cell interconnector is a layer made up of either ceramic or metallic material, which combines the electricity generated by each individual cell. Fuel cell interconnectors are placed between each individual cell to connect the cells in the series. Ceramic fuel cell interconnectors are more suitable for high-temperature working conditions as they exhibit high thermal stability. For long-term usage, ceramic fuel cell interconnectors have been a promising choice for use at high temperatures. However, metal-based fuel cell interconnectors, such as nickel and steel interconnectors, are becoming more popular for low temperature applications due to low cost, good mechanical & thermal expansion and machinability property.
Global Fuel Cell Interconnectors Market Participants
Examples of some of the market participants identified across the value chain of the fuel cell interconnectors market are:
- Plansee India High Performance Materials Pvt. Ltd.
- Ballard Power Systems.
- Bloom Energy
- NUVERA FUEL CELLS, LLC
- SFC Energy AG
- Acal Energy Ltd
- AISIN SEIKI Co., Ltd.
- Ceres Power Holdings plc
- Delphi Technologies
- Integer Holdings Corporation
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.
Global Fuel Cell Interconnectors Market Dynamics
Fuel Cell Interconnectors Market Drivers:
Fuel cell interconnectors are being used in a variety of applications ranging from small to large. One of the factors driving the fuel cell interconnectors market is growth in the automobile industry. Increase in the need for transportation is driving the automobile sector, thus creating demand for fuel cell interconnectors. Automobile manufacturers have been using fuel technology in vehicles, such as buses, scooters and bicycles, which provides advantages over diesel or gas engines as the level of emissions are zero or low. In addition, it also helps balance the heat, is highly resistant to corrosion and more efficient.
Changes in the lifestyle of people have boosted the demand for portable products such as large personal electronics (radios, printers, etc.), Auxiliary Power Units (APU), military applications, small personal electronics (cameras, mp3 players, etc.), portable products (trimmers, torches, etc.), toys and education kits. As compared to conventional batteries, fuel cell interconnectors are more durable, lightweight and portable power sources, which makes them suitable for portable and military applications. On the other hand, conventional batteries are heavy and provide an inadequate supplier of power for portable & military applications. Increasing shift towards portable applications is expected to create lucrative growth for the global fuel cell interconnectors market during the forecast period.
Global Fuel Cell Interconnectors Market Regional Outlook
Owing to an increase in the generation as well as consumption of energy in the Asia Pacific region, there is an increase in the demand for fuel cell interconnectors. Thus, Asia Pacific is expected to be an attractive region for all the participants in the global fuel cell interconnectors market. The growing automation industry in Asia pacific, Europe and North America is expected to support the growth of the fuel cell interconnectors market over the forecast period. Asia pacific is expected to dominate the global market for fuel cell interconnectors owing to an increase in energy generation/consumption and growth in the automation industry. Moreover, increasing transportation in Europe due to the rising demand for fuel cell interconnectors is expected to boost the global fuel cell interconnectors market in the near future. The Middle East and Africa region is expected to register moderate growth in the global fuel cell interconnectors market.
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