Fuel Cells For Marine Vessels Market 2018: Promising Growth Opportunities With Global Key Companies

Fuel Cells For Marine Vessels Market 2018: Promising Growth Opportunities With Global Key Companies

Fuel cells have gained traction as an alternative energy source for merchant ships of late and substantial investment have been made on them which is impacting the market growth positively. The global fuel cells for marine vessels market is expected to grow at a CAGR of 4% over the forecast period of 2018-2023, asserts Market Research Future (MRFR) in a detailed research report.

Owing to strict environmental norms, there is a strict obligation to use alternative and environmentally less polluting energy source to reduce the carbon footprint on the environment. As a result, higher investments are being made on fuel cells for marine vessels to curb pollution.

The evolution of hydrogen as a marine fuel has been a major driver of the market.

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