Alkaline Fuel Cells Market is witnessing a growth of 14% by increasing demand for clean energy technologies
Alkaline fuel cells utilize electrochemical process to convert chemical energy into electrical energy through an oxidation-reduction reaction. The fuel cells involve reacting hydrogen with oxygen to produce electricity, heat and water without any greenhouse gas emissions. The alkaline fuel cells have advantages of higher energy efficiency, operation at a temperature similar to room temperatures and using inexpensive non-precious metal catalysts. Alkaline fuel cells find applications in portable power generation, backup power systems, zero emission vehicles and stationary power generation. The Global Alkaline Fuel Cell Market is estimated to be valued at US$ 71.35 Bn in 2024 and is expected to exhibit a CAGR of 14.% over the forecast period 2024 to 2031.