Air Sea Logistics & Automotive Transportation News

Fuel cells for marine vessels market to grow at a CAGR of 3.73% 2017 to 2021

Automotive and Transportation Market Research

The analysts forecast the global fuel cells for marine vessels market to grow at a CAGR of 3.73% during the period 2017-2021.


Fuel cells are flexible in nature, and they can be used as a single cell or in stacks. As a result, the power produced can be channelized throughout a ship, without an increase in the consumption of fuel.

Fuel cells are used in marine vessels to power the main propulsion system partially or fully, as well as cater to the onboard energy consumption requirements. The market is still in its nascent stage and companies are investing in the technology development to produce propulsion systems with low carbon emission in response to stringent regulatory policies.