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Fuel Cell Interconnectors Market Forecast Highlights Revenue Share Analysis across Prime Geographies during the Forecast Period 2018 to 2028

May 15th 2019 at 12:42 AM

Fuel cells are being used in several applications such as stationary power generation, portable power generation, power for transportation, etc. Some of the applications of fuel cell interconnectors include cellular phones, laptops, unattended sensors, power tools, battery chargers and under-water vehicles, among others. The need for portable fuel cell applications is boosting the demand for fuel cell interconnectors, which is making them more attractive among all the end-use applications in the Global Fuel Cell Interconnectors Market.

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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.

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.

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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. Fuel cell interconnectors are being used as non-movable power units to provide electricity and heat. These power units are most commonly used in homes for various applications such as hot water, uninterrupted power supply, etc. Since conventional fuels such as gas or oil are not needed for fuel cell interconnectors, they will help reduce the dependency on oil-producing countries.

Fuel Cell Interconnectors Market Trends

Fuel cell interconnectors can be used to get rid of global waste disposal issues. Fuel cell interconnectors can create energy from waste by converting it into usable forms. Generation of electricity from waste is expected to gain considerable importance in near future, which is expected to boost the global demand for fuel cell interconnectors.

Fuel cell interconnectors have introduced a new way to generate power. A large number of these small-scale power generation plants will increase energy distribution in each possible areas, which will result in the generation of enough power for individual utilisation. This will lead to economic development. Thus, the usage of fuel cell interconnectors is expected to set a trend for energy generation as resources required for it are easily available. This will also help fill the gap between the supply and demand for energy.

Fuel Cell Interconnectors Market Restraints

Ceramic-based fuel cell interconnectors exhibit better performance as compared to metal-based fuel cell interconnectors. On the other hand, ceramic-based fuel cell interconnectors are more expensive than metal-based fuel cell interconnectors. This is likely to restrain the global market of fuel cell interconnectors. Moreover, the oxidation of some the metals in fuel cells are likely to reduce the performance of fuel cell interconnectors, which is likely to affect the global market for fuel cell interconnectors.

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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