- An alkaline fuel cell or bacon fuel cell converts hydrogen and oxygen into heat and electrical energy. It is the most affordable and developed technology of fuel cell. The alkaline fuel cells market is observing decent growth. This is on account of wide availability of fuel cells and low costs of alkaline fuel cells in comparison to others.
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The key factors driving the alkaline fuel cells market are the affordable price, improved fuel efficiency and increased conductivity of alkaline fuel cells. The capability of alkaline fuel cells to work at even low temperatures is yet another factor which drives demand for the market. However, the factor restraining the alkaline fuel cells market is the rising use of polymer electrolyte membrane fuel cells.
The alkaline fuel cells market can be fragmented into types, variants and geographies. The market, on the basis of types, can be trifurcated into backup power, auxiliary power and electric vehicles. Backup power is used in the stationary market for communication tower. Auxiliary power has great potential and can be used in worksites and boats.
Electric vehicles find their applications in transportation, including fork lift vehicles, golf cars and others. Alkaline fuel cells were also used in Apollo shuttle series to provide on-board electricity to shuttles. The alkaline fuel cells market can be segmented into two variants, flowing electrolytes and static electrolytes.
Geographically, the alkaline fuel cells market can be categorized into key regions, Asia Pacific, North America, Europe and rest of the world (ROW). North America is the leading market. This is on account of early usage of alkaline fuel cells in Apollo shuttles due to their cheap price.
Information Source: Grand View Research
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