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(USGovernment-News.Com, May 18, 2018 ) Singapore,About the market report: Fuel cells are flexible in nature, and they can be used as a single cell or in stacks. As a result, the power produced can be channelized throughout a ship, without an increase in the consumption of fuel. Fuel cells are used in marine vessels to power the main propulsion system partially or fully, as well as cater to the onboard energy consumption requirements. The market is still in its nascent stage and companies are investing in the technology development to produce propulsion systems with low carbon emission in response to stringent regulatory policies.
Scope of the Report: The global fuel cells for marine vessels market identifies that the need for alternate propulsion systems will be one of the major factors that will have a positive impact on the growth of the market. Factors such as the release of harmful gases on combustion, need for regular maintenance, and high operating costs of the diesel engines and gas turbines have led to rise in the adoption of electric propulsion systems. Though the primary electric propulsion systems installed diesel-electric or gas turbine drive systems in the marine industry, current systems have developed to integrate fuel cell technology. Fuel cells convert chemical energy directly into electrical energy and the absence of an expansive, high-temperature combustion in fuel cells offer the benefits of lower noise, vibrations, and NOx formation. Due to this fuel cells are increasingly energy-efficient conversion devices that offer clean, silent, and reliable power. These advantages of alternative propulsion systems and the application of fuel cells for such propulsion applications will drive the growth of this market. Market will post a revenue of more than USD 308 million by 2021.
The advancement of hydrogen as marine fuel is one of the key trends that will gain traction in the fuel cells for marine vessels market. The hydrogen fuel is being widely adopted for the transportation applications around the world. It provides advantages such as lower GHG emissions that in turn, reduces the environmental pollution. These benefits enable utililzation of hydrogen in fuel cells and power propulsion system of marine vessels. Moreover, small vessels with regular refueling ability widely use the hydrogen fuel cell technology. Future growth in infrastructure, such as hydrogen stations, will gradually expand the commercialization of the technology.
Table of Contents PART 01: Executive summary PART 02: Scope of the report PART 03: Research Methodology PART 04: Introduction • Market outline PART 05: Market landscape • Market overview • Market size and forecast • Five forces analysis PART 06: Market segmentation by technology • Market segmentation by technology • Global PEMFC for marine vessels market • Global SOFC for marine vessels market • Global other fuel cells for marine vessels market PART 07: Geographical segmentation • Market segmentation by geography • Fuel cells for marine vessels market in Americas • Fuel cells for marine vessels market in APAC • Fuel cells for marine vessels market in EMEA PART 08: Decision framework PART 09: Drivers and challenges • Market drivers • Market challenges PART 10: Market trends • Evolution of hydrogen as a marine fuel • Adoption of AIP technology • Emergence of hybrid propulsion systems PART 11: Vendor landscape • Competitive scenario • List of vendors in global fuel cells for marine vessels market • Dynad International • PowerCell Sweden • Serenergy • Toshiba • Other prominent vendors Continued.....
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