Fuel Cells Surge Tank Market 2022 Growth Opportunities, Top Players, Regions, Application, And Forecast To 2030

2022-09-05 05:49:46 UTC | Energy & Power
Fuel Cells Surge Tank Market 2022 Growth Opportunities, Top Players, Regions, Application, And Forecast To 2030

Fuel Cells Surge Tank Market is presently worth USD 3.6 billion and is poised to amplify at a CAGR of 19.4% over 2022-2030, thereby amassing a valuation of USD 32.0 billion by end of the assessment timeline.

A fuel pump system for fuel cells (or any cell) that uses the industry-standard 6x10 24-bolt fill plate bolt pattern is called a Fuel Cell Surge Tank (FCST). It is made to protect electronic fuel injection (EFI) automobiles from fuel shortages. It features up to three surge tank pumps and a dual-chamber fuel tank with one lift pump inside the fuel cell. But it doesn't come with the same safety risks or plumbing issues as a typical external fuel surge tank. It still has all the same benefits.

Key Trends:

With political leaders across the global coming together to reduce their country’s carbon footprint and signing of Paris agreement has given a boost to green and renewable technologies to set themselves in markets. Fuel cells being a non-emission solution for power generation fits the category green and renewable technologies and is growing owing to the carbon emission norms.

Fuel cell is itself a very expensive technology which directly affects the cost of fuel cell electric vehicles. The price of the 2019 Toyota Mirai is almost USD 58,500 in the US, whereas the 2019 Tesla Model 3 costs USD 36,000. The huge price difference between battery electric and fuel cell vehicles is a major challenge for the growth of FCEV sales.

Competitive Landscape:

Request Sample Report

Segmental Analysis of Global Fuel Cell Surge Tank Market:

Based on Type

Based on Application

Based on End-user

Based on Size

COVID-19 Impact:

The market's expansion has been negatively impacted by COVID-19. Lockdowns instituted by the government to control the spread of COVID-19 caused supply chains to be disrupted and industry to stop. This resulted in a shortage of raw materials needed to produce FCST, and a lack of demand from end-user industries produced an excess of stock that hampered the market's expansion during the pandemic. However, by allowing product providers to connect with their clients online, the internet platform significantly contributed to maintaining the market's growth stability throughout the pandemic.

Major questions answered in the report:


About We Market Research 

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

Contact Us:

We Market Research
Phone: +1(929)-450-2887