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Fuel Cell Market in the Automotive Market 2016: Global Industry to Grow at a CAGR of 45.27% During the Period 2016-2020

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Albany, NY -- (SBWIRE) -- 01/27/2016 -- A fuel cell converts chemical energy into electrical energy through an electromechanical reaction. A typical fuel cell consists of two electrodes, the anode and the cathode, which react to generate electricity. While liquid electrolytes carry electrically charged elements from one electrode to another, a catalyst is required to speed up the chemical reaction inside the fuel cell. Methanol, biogas, hydrogen, natural gas, and hydrocarbons are various fuels used in fuel cells. Fuel cells generate less pollution as hydrogen combines with oxygen to form water, a harmless by-product. Technavios analysts forecast the global fuel cell market in the automotive industry to grow at a CAGR of 45.27% during the period 2016-2020.

Read the full press release at http://www.sbwire.com/press-releases/fuel-cell-market-in-the-automo/market-research-report/release-660391.htm


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