Fuel Cell Generator Market Share, Growing Demand, and Top Key Players As per reports, 17% of the global emissions are the responsibility of the transportation industry, which, additionally, consumes one-fourth of the world’s energy. Thus, the transportation sector contributes considerably in the expansion of the fuel cell market as this technology serves as an alternative to conventional ICEs and Li-ion batteries, in which the major part of fuel energy is emitted as heat. In order to reduce GHG emissions and improve the efficiency of energy conversion, there is a great need to invest in advanced propulsion technologies. In this regard, the major driver for the fuel cell market is the rising concern of international bodies because of the rising carbon emissions. In order to attain the Kyoto Protocol’s goals, numerous practices are being followed to limit and reduce the expulsion of greenhouse gases. A Joint Declaration on Stationary Fuel Cells for Green Building has also been signed by the stakeholders to work on the adoption of fuel cell systems, to reduce carbon emissions from residential and commercial buildings in Europe. Browse detailed report - https://www.psmarketresearch.com/market-analysis/fuel-cell-generator-market Apart from transportation, the usage of this technology for renewable energy generation is picking pace. South Korea has some of the largest fuel cell parks in the world. Similarly, fuel cell capacity in the U.S. rose by more than 750 MW in 2021. Small-scale systems are utilized by telecommunications entities, utilities, railroads, and governments and traffic departments in the U.S. for backup power. Furthermore, in Japan and Europe, small-scale fuel cell systems are widely used to produce electricity for homes and commercial spaces. In order to curb carbon emissions and, in turn, reduce the greenhouse effect, the demand for fuel cells is surging for transportation and stationary power applications.

India Gensets Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies Because of the commercial sector's rising need for medium- and high-power gensets as well as the burgeoning construction and manufacturing sectors. The India gensets market is set to generate $855.1 million revenue by 2030. The presence of various market participants in the state of Tamil Nadu is one of the key elements promoting industry growth. Additionally, there is significant potential for market expansion as manufacturers aim to expand capacity in the southern region of the nation. Four of the states with the highest revenue production in the India gensets market are Maharashtra, Andhra Pradesh, Uttar Pradesh, and Tamil Nadu. This may be attributed to a growth in telecom funding, improvement of commercial infrastructure, and rise in the need for primary and backup power in such states' residential facilities. Browse detailed report - https://www.psmarketresearch.com/market-analysis/india-gensets-market-outlook It is expected that the backup power segment would continue to control the India gensets market. This is mostly attributable to the increasing installation of generators as a backup electrical supply in clinics, homes, commercial buildings, hospitality units, retail stores, manufacturing operations, and other facilities. People in the nation have begun building generators powered by a variety of fuels, including gasoline, diesel, and LPG, to minimize power outages caused by the deteriorating electricity grid infrastructure, natural disasters, along with unfavorable weather conditions. According to power rating, the category of gensets below 6 kVA will have the industry's fastest growth. For residential facilities, intimate gatherings, and small parties, gensets with power ratings under 6 kVA are ideal because they can aid with auxiliary power needs. The need for these generators is projected to rise with rising investments in the building of business complexes and residential societies, driving the market.