Trend Fuel Cell 20240207084927

fuel cells

Fuel Cells

Hydrogen Economy

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    This report provides an overview of fuel cell technology, its challenges, and its future potential, with a focus on its use in transport and stationary applications.
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        <b>Government Support required </b>
        : Widespread adoption of fuel cell technology, especially in transport and stationary applications, requires substantial government support due to challenges in cost, infrastructure, and market readiness.
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        <b>Transport Sector Adoption</b>
        : Fuel cells, particularly in heavy-duty vehicles like forklifts, have gained traction, driven by their efficiency and reduced emissions, with initiatives like California's plan to target 300,000 fuel cell-powered forklifts by 2030.
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        <b>Slow Growth in ENE-FARMs</b>
        : Despite early promotion in Japan, the market for household energy farms (ENE-FARM) has slowed due to reduced subsidies, while industrial and commercial applications see increased demand.
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        <b>Technological Developments</b>
        : Advancements in fuel cell technology, such as platinum-free solid oxide fuel cells (SOFCs), are expected to reduce costs and improve efficiency, driving future growth.
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        <b>Global Government Backing</b>
        : Nations worldwide are backing fuel cell development through strategic roadmaps and investments, although subsidy fluctuations impact market growth.
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        <b>Market Expansion and Collaboration</b>
        : Fuel cell applications extend beyond transport to industrial and commercial sectors, with collaborations among automakers and manufacturers driving innovation and market expansion.
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        Funding raised dominated by mega rounds in the Smart Mobility Information and EV Economy industries
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        Product updates to further develop autonomous vehicles and enhance the safety
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        Incumbents partner to enhance the EV charging ecosystem
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        Automated driving and passenger eVTOL technology developers obtained approval from  authorities, marking significant strides toward full commercialization
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        The passenger mobility tech sector raised USD 5.9 billion in Q4, up 63.6% YoY and up 12.6% QoQ. This was largely led by growing investor interest in the EV Economy Industry.
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        In the Auto Tech industry, the emphasis was on upgrades to both product and technology to enhance the safety of autonomous driving. In the EV Economy industry, new EV models were introduced with players also commencing EV battery manufacturing and deployment of EV charging infrastructure, which would further support the growth of the industry. eVTOL aircraft makers are also commencing production and deployment.
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        Most of these partnerships were in relation to EV Economy&rsquo;s EV charging infrastructure development. In Auto Tech, partnerships were mostly to enhance connected vehicle-related experiences. GenAI also continued to make inroads in the automotive sector.
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        The EV economy and Smart Mobility Information industries saw incumbents as well as disruptors entering into M&amp;A deals. Listing via mergers with SPACs and other parties continued to be popular.
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        Several incumbents received approvals for automated driving tech deployments from various authorities, while eVTOL aircraft makers too were seen leaping toward the commercialization of urban air mobility with secured approvals.
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Passenger mobility tech (Q4 2023): Partnerships strengthen EV ecosystem; autonomous technologies upgraded for safer rollout

Tech solutions for achieving global anti-wastage targets

Food Waste

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        This report focuses on the preservation of fresh food.
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        Includes packaging, sterilization, and freezing technologies. 
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        Many food preservation technologies have been in use for a considerable period
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        S
        ome are still in the developmental phase
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Food Preservation Technology

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

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         Just 5% of the world&rsquo;s lithium-ion batteries are thought to be recycled.
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        Commercialized battery recycling is yet to reach industrial scale
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        Going forward, the optimal solution is likely to be a mix of recycling and reuse. 
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Battery Recycling

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        Funding raised dominated by mega rounds across all hubs
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        Hardware and software updates to further develop autonomous vehicles and enhance the safety of the driving experience
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        Incumbents partner to enhance the EV charging ecosystem
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        Auto Tech and Passenger eVTOL players obtained approval from regulatory authorities, marking significant strides toward full commercialization
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        The mobility sector raised USD 4.7 billion in Q3, up 46.7% YoY, with all hubs witnessing an increase in funding. 
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        In the Auto Tech sector, the emphasis was on the ongoing refinement of product hardware and software to usher in innovative features for autonomous vehicles and enhance the safety of the driving experience. In the EV Economy space, most of the product updates were related to passenger EV manufacturing. 
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        Three-fifths of&nbsp;incumbent partnerships in the EV Economy industry were in the EV charging infrastructure segment, while Auto Tech-related incumbent partnerships mostly focus on developing driver assistance systems (ADAS) and autonomous vehicles. Disruptors in the passenger eVTOL Aircraft industry were also actively looking to establish the necessary infrastructure for operations via partnerships while they also secured orders to supply aircraft.
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        Only two major M&amp;A deals were reported in Q3 2023, while the mobility sector continued to witness going public via SPAC deals during the quarter.
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        Q3 saw several Auto Tech and Passenger eVTOL players obtaining approval from regulatory authorities in the US and other geographies, marking significant strides toward full commercialization. However, safety concerns continue to be a bottleneck.
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Mobility (Q3 2023): Partnerships strengthen EV ecosystem; self-driving regulatory approvals brighten outlook

Proactive security solutions for the physical world

Smart Security Tech

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    This report highlights the transition from traditional surveillance systems to smart surveillance powered by artificial intelligence (AI)
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Surveillance Tech

Electrifying passenger and commercial travel

EV Economy

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    This report examines solid-state batteries (SSBs), next-generation Li-ion batteries and lithium&ndash;air batteries, while also analysing the current market needs, potential changes, and their effects on the market.
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Next-Generation Batteries

Next-gen packaging solutions for enhanced product tracking, inspection solutions and freshness monitoring

Smart Packaging Tech

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    This report focuses on the preservation of fresh food, including packaging, sterilisation, and freezing technologies. These technologies are crucial in maintaining ingredient freshness and preserving the characteristics and quality of food products throughout the entire production process.
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        <b>Smart Packaging Technologies</b>
        : The integration of sensors, RFID tags, and indicators in packaging to enhance product quality and traceability.
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        <b>Addressing Industry Challenges</b>
        : Smart packaging solutions mitigate issues like food wastage, counterfeit products, and supply chain inefficiencies across sectors such as food, pharmaceuticals, and personal care.
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        <b>Real-World Examples</b>
        : Practical applications of smart packaging ranges from temperature-controlled solutions in healthcare to heat-sensitive labels in the food industry, showcasing its diverse functionalities.
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        <b>Partnerships Driving Innovation</b>
        : Collaborations between packaging companies and technology providers are presented as key drivers of innovation, ultimately revolutionizing product packaging, transportation, and consumer engagement.
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EDGE Insights

Fuel Cells

Passenger mobility tech (Q4 2023): Partnerships strengthen EV ecosystem; autonomous technologies upgraded for safer rollout

Food Preservation Technology

Battery Recycling

Mobility (Q3 2023): Partnerships strengthen EV ecosystem; self-driving regulatory approvals brighten outlook

Surveillance Tech

Next-Generation Batteries

Food Preservation Technology

Hydrogen Economy

Fuel Cells

Trend Overview

Government Support Needed to Drive Growth in FCV and ENE-FARM Domains; Fuel Cells Increasingly Used in Heavy-Duty Vehicles

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