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Portable Hydrogen Fuel Cell Market Size & Share Analysis – Growth Trends & Forecasts (2024 – 2029) | Pheonix Research

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LEWES, Del., Nov. 11, 2024 /PRNewswire/ — The Portable Hydrogen Fuel Cell Market is Segmented by Application (Consumer Electronics, Military & Defense, Outdoor & Recreational Equipment, Backup Power Systems, Construction & Industrial Tools and Automotive (Fuel Cell Electric Vehicles – FCEVs), By Power Output (Low Power, Medium Power and High Power), By Weight (Lightweight Portable Hydrogen Fuel Cells and Heavy-weight Portable Hydrogen Fuel Cells), By Fuel Type (Compressed Hydrogen (Gaseous), Liquid Hydrogen, Hydrogen from Reformers (e.g., Methanol, Natural Gas) and By Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America). The report offers market size and forecasts for portable hydrogen fuel cell market are provided in terms of value (USD) for all the above segments.

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Market Overview:

The scope of the portable hydrogen fuel cell market is expanding rapidly and there is huge potential in the fuel cell market as well as clean energy. Demand for portable hydrogen fuel cells increases as the world moves toward cleaner energy. Because they are efficient, reliable, and clean energy, these systems can use hydrogen as a fuel. And the only exhaust is steam. This makes these systems a much more attractive option compared to portable generators or traditional fossil fuel powered battery systems.

Due to growing concerns about climate change air pollution and the impact of traditional energy sources on the environment. The demand for clean energy is therefore increasing. Hydrogen fuel cells are also suitable. Because it does not emit greenhouse gases Makes it possible to use on mobile devices. and portable applications. In this context, hydrogen is positioned as an alternative to diesel generators. Gasoline-powered machinery and standard battery as the government promotes clean energy and improves environmental regulations.

Demand is fuelling the market by ever-increasing reliable off-grid power solutions for remote, rural, or disaster-prone areas. As an alternative to batteries and generators, hydrogen fuel cells boast a longer working time, faster refilling, and make it ideal for telecommunications towers military operations and post-discovery recovery missions.

Hydrogen fuel cells are particularly useful where power supply is intermittent, or the establishment of conventional energy infrastructure is not easy. They provide independence in energy supply. They are an emergency power source. or, to put it differently, wherever it is unavoidable that electrical energy is drawn from the line for one reason or another.

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Market Trends:

Market Trend 1: Consumer Electronics are driving the demand for portable hydrogen fuel cell market

The consumer electronics sector is one of the major drivers of demand for portable hydrogen fuel cells. Consumer electronics may be highly energy-intensive, especially with new goods entering the market, necessitating a constant and growing demand for long-lasting, efficient, and sustainable power sources. Hydrogen fuel cells provide several advantages over batteries and other power sources.

As the wearables market expands, from smartwatches to the brand-new AR glasses, power-hungry devices are being used for continuous power, such as monitoring heartbeats and steps taken, GPS location, and alerts, necessitating energy solutions that last longer and provide consistent power without frequent recharging. Portable hydrogen fuel cells provide alternate power sources for places not served by traditional electrical systems. Hydrogen fuel cells can be used purely to power gadgets, making them an appealing option for outdoor enthusiasts and remote workers who are continuously on the go.

Market Trend 2: Consumer Electronics are driving the demand for portable hydrogen fuel cell market

The portable hydrogen fuel cell market in North America is primarily driven by significant government support and policies that promote renewable energy sources. The US Department of Energy’s Hydrogen Earthshot attempts to lower hydrogen production costs. California’s investment in hydrogen refuelling infrastructure and green hydrogen projects helps to enhance uptake.

Growing environmental concerns, along with an increasing need for sustainable energy, are propelling hydrogen fuel cells to prominence in North America. Environmental and business consumers are increasingly seeking ecologically responsible, dependable, and long-lasting power solutions, and zero-emission hydrogen fuel cells offer an appealing option with the ability to replenish quickly. This is driving increasing demand for portable power systems designed for outdoor activities, emergency backup, and remote applications, with portable hydrogen fuel cells at the heart of this clean and sustainable future.

Furthermore, rising consumer demand for eco-friendly solutions, combined with growing worries about carbon emissions, has accelerated the adoption of hydrogen fuel cells in North America. As consumer and company environmental concerns grow, zero-emission hydrogen fuel cells are finding traction in off-grid applications, wilderness, and emergency power solutions. The increased need for energy storage and off-grid electricity in disaster recovery and outdoor leisure, where standard power sources are less viable, is also a positive force for the industry. Portable hydrogen fuel cells will play a significant role in North America’s transition to a greener, more secure energy future.

Competitive Landscape:

The Portable Hydrogen Fuel Cell Market is relatively fragmented. Plug Power Inc., Ballard Power Systems, Fuelcell Energy Inc., Panasonic Corporation, Toshiba Corporation, Cummins Inc., PowerCell Sweden AB, Intelligent Energy Ltd., HyGear and SFC Energy AG are the major players of the portable hydrogen fuel cell market. To acquire a competitive advantage over their rivals, the corporations are working on a variety of strategic activities such as new product development, partnerships, collaborations, and agreements.

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Major Players:

Plug Power Inc.Ballard Power SystemsFuelCell Energy Inc.Panasonic CorporationToshiba Corporation

Recent Developments:

October 7, 2024: Plug Power Inc., a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has signed a binding framework agreement with Allied Green Ammonia (AGA), an Australian company specializing in green ammonia production, to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA’s green hydrogen to ammonia plant in Australia.
The agreement between Plug and AGA is a significant step toward the construction of one of the world’s largest green ammonia production facilities.May 2024: Ballard Power Systems launched the FCmove®-XD, its 9th generation high-performance fuel cell engine, at the Advanced Clean Transportation (ACT) Expo at the Las Vegas Convention Center.May 2024: FuelCell Energy, Inc. and Gyeonggi Green Energy Co., Ltd. (GGE) announced a long-term service agreement in which GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world’s largest fuel cell power platform, located in Hwaseong-si.

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About Pheonix Research

Pheonix Research is a market research and consulting company that provides research-based services to business executives and investment professionals so that they can make perfect business & competitive decisions with precision. We support entrepreneurs through distinguishable fact-oriented insights.

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Veeva Announces AI in Vault CRM

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CRM Bot and Voice Control deliver GenAI-powered assistance in Vault CRM

SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced Vault CRM Bot and Vault CRM Voice Control, two new GenAI capabilities in Vault CRM. Unveiled at Veeva Commercial Summit Europe, CRM Bot and Voice Control join a host of new innovations coming to Vault CRM next year. With these new capabilities, companies can deploy AI that will have immediate value by boosting field productivity.

CRM Bot embeds the large language model (LLM) of your choice into Vault CRM to enable a wide range of context-driven tasks including pre-call planning, suggested actions, recommended content, and context-specific learning. Planned for availability in late 2025, CRM Bot is included in Vault CRM for no additional charge and requires the Vault Direct Data API.

AI-powered Voice Control brings the human voice as a user interface into Vault CRM by leveraging Apple Intelligence for hands-free operation of CRM via spoken commands. Planned for availability in late 2025, Voice Control is included in Vault CRM for no additional charge and requires Apple Intelligence and compatible devices.

Delivering AI within its products – like CRM Bot and Voice Control – is part of Veeva’s overall strategy to help enable AI for the life sciences industry. Veeva also provides the Vault Direct Data API for high-speed access to data needed for AI and the Veeva AI Partner Program that enables customers and partners to more easily build AI applications that integrate seamlessly with Vault applications.

“Vault CRM Bot and Vault CRM Voice Control bring the latest advances in generative AI into Vault CRM for more effective, productive reps,” said Arno Sosna, general manager of CRM products at Veeva. “Our product focus is to leverage AI for clear use cases with high impact and ensure smoother more effective deployments of advanced technologies.”

Veeva customers and life sciences industry professionals can learn about these innovations and more in the Vault CRM Product Roadmap session replay in Veeva Connect starting November 25.

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Veeva Forward-looking Statements
This release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.

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Global Elite Training of World Internet Conference Digital Academy Begins

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WUZHEN, China, Nov. 24, 2024 /PRNewswire/ — A news report from CRIOnline:

On November 21, the launch ceremony for the Global Elite Training of the World Internet Conference Digital Academy was held. This training focuses on frontier trends on the digital economy, and the internet, and global advanced experience in digital transformation and leadership upgrades. During the sessions, authoritative experts from international organizations, globally renowned universities, and leading Internet companies gave lectures, and 40 trainees from 32 countries including Oman, Kenya, Tajikistan, and Mongolia participated in the training.

On that day, guests including Barbara Ramos, Chief of Research and Strategies for Exports of International Trade Centre (ITC), and Zhou Hongyi, Founder of 360 Group, delivered speeches on topics such as new quality productive forces and the digital economy, opportunities and challenges with cross-border e-commerce for small and medium-sized enterprises (SMEs), large models bringing humanity into a new era of AI, and international economic and trade rules and corporate digital transformation.

The trainees on site all said that this learning experience was very helpful to them. Lutbayar Naranzul, Director of Compliance of the Risk Management Division of the Development Bank of Mongolia, said, “My main job currently is to control Internet risks and safeguard cybersecurity. This training course is exactly what I needed, and the content is highly relevant to my work. I have gained a lot.”

Recently, during the main forum of the 2024 Wuzhen Summit,the World Internet Conference Digital Academy was officially launched.

 

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SOURCE CRIOnline

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“Beidou + UAV” helps transmission line inspection

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TURFAN, China, Nov. 25, 2024 /PRNewswire/ — On November 18, the State Grid Turfan Power Supply Company’s Transmission and Inspection Center carried out line inspection on the 220 thousand volt Shuncao line and tested the UAV RTK Beidou signal.

As the first batch of UAV Beidou signal switching pilot units of Xinjiang Electric Power Company, State Grid Turfan Power Supply Company has completed the Beidou signal switching of 67 UAVs, realizing the dual signal source guarantee of UAV operation “GPS+RTK”, reducing the signal error to “centimeter level”, and effectively improving the level of lean operation and maintenance of UAVs.

Up to now, the UAV inspection of the State Grid Turfan Power Supply Company has covered 215 transmission lines of 35 thousand volts and above, with a total length of 4,834 kilometers, and the inspection volume in 2024 will reach 46,230 bases, with a range of 15,374 kilometers, and the total mileage is close to one-third of the equator. The number of the company’s UAV inspection towers has exceeded the number of manual inspections by 3 times, and UAV inspections have become the main force of transmission inspections.

In the next step, the State Grid Turfan Power Supply Company will actively explore a safer and more efficient UAV inspection mode, and actively expand the application of UAVs in power transmission and inspection based on the principle of “solving problems and improving work efficiency”, so as to contribute to the company’s digital and intelligent transformation.

 

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SOURCE State Grid Turfan Power Supply Company

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