Fuel Cells for Marine Vessels Market 2021-2025 | Demand for Alternate Propulsion Systems to Boost Growth
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The Fuel Cells for Marine Vessels Market by Geography and Technology Forecast and Analysis 2020-2024 report has been added to
Technavio s offering.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210202005668/en/
Technavio has announced its latest market research report titled Global Fuel Cells for Marine Vessels Market 2020-2024 (Graphic: Business Wire)
The fuel cells for marine vessels market is poised to grow by USD 64.91 million during 2020-2024 progressing at a CAGR of over 4% during the forecast period.
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Advances in hydrogen as a marine fuel, one of the critical fuel cells for marine vessels market trends, will also drive market growth during the forecast period. Hydrogen fuel is being widely adopted for transportation applications because of lower GHG emissions. This is driving the usage of hydrogen in fuel cells and power propulsion system of marine vessels. Moreov