A fuel cell is an electrochemical reactor that converts the chemical energy and an oxidant directly to electricity. In recent years, the word fuel cell has been used almost solely to describe a reactor using hydrogen as the chief energy source. Hydrogen has a protracted history of being employed as fuel for versatility. More than 200 years ago, hydrogen was adopted in the first internal combustion engines by igniting the hydrogen itself, like burning gasoline today. Though, this did not prove to be quite successful due to safety affairs and low energy density. Preferably, hydrogen is an energy carrier in a modern fuel cell by reacting with oxygen to form electricity.
Moreover, fuel cell vehicles have become more lucrative in recent years due to higher performance, reduced refuelling time, and long-range offered by the systems. Also, the exhaust in terms of water, a deterioration in emissions dimension, and superior power and torque output play a significant role in adopting fuel cell technologies for automobiles. In addition, the rising environmental issues, such as climate change and low air quality, are due to substantial growth in the regional transportation sector. High fossil fuel consumption has generated the need for clean energy sources, thereby boosting the market's growth over the forecast period. According to Renub Research, the Global Fuel Cell Vehicle Market awaits to reach 980.00 Thousand Units by 2030. Impact of COVID-19 on Global Fuel Cell Vehicle Market: The production & sales of innovative vehicles had come to a standstill across the globe as the entire ecosystem had been obstructed in the initial outbreak of COVID 19. Fuel Cell Vehicles had to pause until lockdowns were lifted to continue blooming, which influenced their businesses. Consequently, vehicle manufacturers had to modify the production volume. Moreover, the automotive industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, during the initial months of the outbreak, the production suspension and lower demand had an unprecedented impact on Fuel Cell Vehicles manufacturers and automotive fuel cell producers. For example, according to the Times of India, Honda Motor Company's sales declined by more than 15% throughout the third quarter of 2020, while operating profit plunged by around 13% overall during the whole year. Toyota Motor Corporation's sales went down by 50% in the first quarter of 2020. However, demand for Fuel Cell Vehicles recovered at a fast rate after the initial months of 2020. Hence, the sales also increased along with the demand for zero-emission vehicles during the latter months of 2020. Our research suggests that the Worldwide Hydrogen Fuel Cell Vehicle Market was 25.00 Thousand Units in 2020. The technology used for Global Fuel Cells Vehicles Globally, fuel cell vehicles are typically categorized by the technology used. Prominent technologies of fuel cells include Polymer Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), Direct Methanol Fuel Cells (DMFC), Phosphoric Acid Fuel Cells (PAFC) and Molten Carbonate Fuel Cells (MCFC). Of these, PEMFC is the common commercialized type today due to its low operating temperature (50-100°C), compact start time, and its oxidant (atmospheric air) ease of use. These characteristics make PEMFC ideal for mobility solutions. They are part of the reason for the rapid development of FCEVs starting from the 1990s. As per our analysis, the Global Fuel Cell Vehicle Industry is expected to grow with a massive CAGR of 44.32% from 2020 – 2030. Regional Analysis of Fuel Cell Vehicle Industry The global fuel cell vehicle market report revolves around crucial regions, including Europe, North America, Asia Pacific, Middle East and Africa and Latin America. In North America, the United States has a massive number of hydrogen fuel stations provisioning to the market. Both US and Canada have been supporting the market for low emission vehicles. Fuel cell vehicles are in tremendous demand in some states like California in the US and British Columbia in Canada. Also, Asia-Pacific is a fast-growing market for hydrogen fuel stations. China, South Korea and Japan are currently leading the fuel cell vehicle market in Asia-Pacific. China is converging more on buses and trucks for FCEV's. In the upcoming years, nations such as China, Japan, and South Korea are expected to pivot in advancing fuel cell electric vehicle technology. Large corporations such as Toyota are trying to become the leader in fuel cell technology. As with most technologies, fuel cell technology's initial development and deployment phases heavily depend on government policies and incentives. To various extents and for multiple reasons, governments of China, the United States, European nations and Japan have encouraged the development of the fuel cell industry. The countries invest heavily in core technology research and establish subsidy policies and medium/long-term strategic plans. Policy Overview across Major Markets: In Europe Hydrogen Roadmap Europe: a transition to one-third ultra-low carbon hydrogen production by 2030 has been devised. Similarly, in Japan policy for the full-fledged manufacturing operation, transportation and storage of zero-carbon emission hydrogen by 2040 have been planned. In addition, in the United States, the California Fuel Cell Partnership has also outlined targets for 1,000,000 FCEVs by 2030. The Global Fuel Cell Market is dominated by established players such as Toyota Motor Corporation, Volkswagen, Daimler AG, Honda Motor Company, and Ford Motor Company. These companies contribute extensive products and solutions for the fuel cell vehicle industry, have strong global distribution networks, and invest heavily in R&D to develop new products. Recent Developments in Fuel Cell Car Companies: In March 2021, Toyota Corporation revealed a new hydrogen production facility and refuelling station at its decommissioned car factory in Melbourne, Australia, before its second-generation fuel-cell car, the Mirai FCEV. The facility includes a 200-kilowatt electrolyzer powered by an on-site 84-kilowatt solar array and a 100-kilowatt battery. In March 2021, Toyota Motor Corporation and Beijing SinoHytec proclaimed a joint venture to produce hydrogen fuel cell vehicles concerning the Chinese market. As per the joint statement, the two companies are foreseen to invest USD 72 million into Huafeng Fuel Cell Co. Ltd. The company's first car will be modelled after Toyota's hydrogen fuel cell vehicle MIRAI and is slated to begin production in 2023. Renub Research latest report “Global Fuel Cell Vehicle Market, Global Forecast By Technology (Polymer Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), Direct Methanol Fuel Cells (DMFC), Phosphoric Acid Fuel Cells (PAFC) and Molten Carbonate Fuel Cells (MCFC), Region (North America, Europe, Asia Pacific, Middle East and Africa and Latin America), Companies (Volkswagen, Daimler AG, Toyota Motor Corporation, Honda Motor Company, and Ford Motor Company)” provides a detailed analysis of Global Fuel Cell Vehicle Industry. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=fuel-cell-vehicle-market-p.php Technology – Fuel Cell Electric Vehicle has been covered from 5 viewpoints: 1. Polymer Exchange Membrane Fuel Cells (PEMFC) 2. Solid Oxide Fuel Cells (SOFC) 3. Direct Methanol Fuel Cells (DMFC) 4. Phosphoric Acid Fuel Cells (PAFC) 5. Molten Carbonate Fuel Cells (MCFC) Region – Fuel Cell Electric Vehicle has been covered from 5 viewpoints: 1. North America 2. Europe 3. Asia Pacific 4. Middle East and Africa 5. Latin America Company Insights: • Overview • Recent Development & Strategies • Financial Insights Company Analysis 1. Volkswagen 2. Toyota Motor Corporation 3. Daimler AG 4. Ford Motor Company 5. Honda Motor Company About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Plywood is a type of wood panel manufactured from thin sheets of wood veneer. It is used as a beat substitute to the wood boards due to its durability to shrinkage, cracking and twisting. Different plywood types are available in the market, designed with low toxicity, enhanced durability, aesthetics and environmental sustainability. Due to these properties plywood’s are used in construction and flooring applications for enhanced mechanical strength. It also provides enhanced insulation properties to the final product and is mostly weather and waterproof. According to the Renub Research report, the Global Plywood Market is projected to reach US$ 64.4 Billion by 2027.
Regional Analysis of Plywood Market The United States, Japan, France, Germany and the United Kingdom are among the leading importers of plywood worldwide. India and China are significant plywood producers because of their forest wealth, a variety of deciduous, coniferous, tropical and evergreen trees, which is an essential resource for the wood panel industry. As per our research findings, Worldwide Plywood Market was US$ 55.2 Billion in 2020. Factors Driving the Plywood Industry Globally, the rising demand for office spaces has propelled the market of plywood in the construction sector, like light partition or external walls. Skyscrapers' rapid growth in cities fuels the demand for furniture, particularly in cupboards, kitchen cabinets, and light doors and shuttles. In the marine sector, plywood’s are used in the construction of the decks. Growth in urbanization is increasing demand for easy to install and ready-made furniture since urban consumers prefer to buy durable, lightweight furniture, thus driving the plywood industry. Besides this, the leading companies' technological advancements have reduced manufacturing costs and increased profitability and enhanced plywood products' quality. In 2016, manufacturers' go-green strategy acted as another significant factor that has bolstered the market's growth. In contrast to this, Boise Cascade Company announced an agreement to acquire American Lumber Distributors and Brokers, Inc. in 2019. Our report has covered companies such as Boise Cascade Company, Century Plyboard(India) Ltd, Greenply Industries, Georgia Pacific LLC, Weyerhaeuser. As per this market research report, Global Plywood Industry is expected to grow with a CAGR of 2.23% from 2020 to 2027. Renub Research new report titled "Global Plywood Market & Volume" By Consuming Country (China, Japan, France, Germany, Italy, Spain, United Kingdom, United States of America, India, Mexico, Rest of World), Producing Country (China, Japan, France, Poland, Spain, United States of America, India, Indonesia, Malaysia, Brazil, Rest of World), Importing Country (Japan, Republic of Korea, France, Germany, Netherlands, Poland, United Kingdom, United States of America, Malaysia, Mexico, Rest of World), Exporting Country(China, France, Germany, Italy, Poland, Spain, United States of America, Indonesia, Malaysia, Brazil, Rest of World), Company Analysis (Boise Cascade Company, Century Plyboard (India) Ltd., Greenply Industries, Georgia Pacific LLC, Weyerhaeuser). provides current trends of the Worldwide Plywood Industry. Request a free sample copy of the report:https://www.renub.com/request-sample-page.php?gturl=global-plywood-market-p.php Consumption – Market & Volume breakup of 11 Country 1. China 2. Japan 3. France 4. Germany 5. Italy 6. Spain 7. United Kingdom 8. States of America 9. India 10. Mexico 11. Rest of World Production – Volume breakup of 11 Country 1. China 2. Japan 3. France 4. Poland 5. Spain 6. United States of America 7. India 8. Indonesia 9. Malaysia 10. Brazil 11. Rest of World Import – Volume breakup of 11 Countries 1. Japan 2. Republic of Korea 3. France 4. Germany 5. Netherlands 6. Poland 7. United Kingdom 8. United States of America 9. Malaysia 10. Mexico 11. Rest of World Export – Volume breakup 11 Country 1. China 2. France 3. Germany 4. Italy 5. Poland 6. Spain 7. United States of America 9. Indonesia 10. Malaysia 11. Brazil 12. Rest of World All companies have been covered from 3 viewpoints • Overviews • Recent Developments • Revenues Company Analysis 1. Boise Cascade Company 2. Century Plyboard (India) Ltd. 3. Greenply Industries 4. Georgia Pacific LLC 5. Weyerhaeuser About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of an experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make the business decisions: on strategy, organization, operations, technology Science Articles, mergers & acquisitions etc. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research The United States is one of the most developed countries across the globe. Real-estate is playing a pivotal role in the U.S. economy. The overall US economic activity determines the demands of real estate, which influences the market of residential and commercial real estate property. As per the National Association of Realtors (NAR), in October 2020, the sale of an existing home hit its highest level since 2006. According to Renub Research new report, United States Real Estate Market is expected to reach USD 1,751 Billion by 2027.
In the United States, the market of Real estate is surging despite the pandemic COVID-19 crisis. For many Americans, residence is the highest source of prosperity and investment. Non-Residential or Commercial construction includes lodging, Office, health care, Educational, temples, Amusement and recreate, transportation, manufacturing, etc. It provides a source of more revenue in return. As per research findings, United States Real Estate Industry was USD 1,208 Billion in 2020. The United States is among the largest construction market globally. Infrastructure constructions take lots of time and capital to build and design project. In the United States, massive numbers of infrastructure and construction industry are built with government and private companies' support. Constructions made to provide support to the maximum population. The construction project is booming in the country, changing lifestyle and increasing population will propel the Real Estate market in this country. As per this report, Real Estate Market in the United States will grow with a CAGR of 5.45% from 2020 to 2027. U.S real estate is growing year on year, and numerous infrastructure projects are being introduced every year. Northern Arizona University is planning for large construction projects that include STEM disciplines and the Biological Sciences Building renovation. The Southwest Florida International Airport is planning an enormous US$ 250 Million terminal expansion, and Citizens in the city of Shoreline will see a US$ 64.3 Million roadway reconstruction project launched in 2022 and many more cities. The upcoming year promises to bring a construction project to every region of the United States. Renub Research latest report "United States Real Estate Market by Segments, Category (Private Construction (Residential & Non- Residential) & Public Construction (Residential & Non- Residential)), Company (Jones Lang Lasalle Incorporated, Cbre Group Inc., Brookfield properties LLC, Berkshire Hathaway home services, Cushman & Wakefield Holdings Inc.)" provides a complete analysis of USA Real Estate Industry. Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=united-states-real-estate-market-p.php Real Estate Market of United States have been broadly Studied from 2 Segments 1. Private Construction 2. Public Construction Private Construction Market has been divided into 2 Categories and its Non-Residential Category is further divided into 14 Sub-Categories A. Residential B. Non-Residential 1. Lodging 2. Office 3. Commercial 4. Health care 5. Educational 6. Religious 7. Public safety 8. Amusement and recreation 9. Transportation 10. Communication 11. Power 12. Sewage and waste disposal 13. Water supply 14. Manufacturing Public Construction Market has been divided into 2 Categories and its Non-Residential Category is further divided into 12 Sub-Categories A. Residential B. Non-Residential 1. Office 2. Commercial 3. Health care 4. Educational 5. Public safety 6. Amusement and recreation 7. Transportation 8. Power 9. Highway and street 10. Sewage and waste disposal 11. Water supply 12. Conservation and development All companies have been covered from 3 viewpoints • Overviews • Recent Developments • Revenues Company Analysis 1. Jones Lang Lasalle Incorporated 2. Cbre Group Inc. 3. Brookfield Properties LLC 4. Berkshire Hathaway home services 5. Cushman & Wakefield Holdings Inc. About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of an experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make the business decisions: on strategy, organization, operations, technology Science Articles, mergers & acquisitions etc. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research |
Archives
November 2021
Categories
All
|