DUBLIN , Sept. 12, 2022 /PRNewswire/ -- The "Global Fuel Cell Forklift Market" report has been added to  ResearchAndMarkets.com's offering.

This report analyses different technologies, applications, and regional market development in the fuel cell forklifts market. This report also covers market analysis for countries such as the U.S., China , Japan , and others, where the opportunities for fuel cell forklifts are lucrative. However, deployment data for fuel cell forklifts is not available for all the countries.

Fuel cells are the future technology which can alter the conventional energy sources such as gasoline, diesel, LPG, and others, in the coming decades. Fuel cells are being used in the material handling industry as these cells are more efficient than the conventional technologies. Fuel cell forklifts require only 2-3 minutes to refuel. While traditional battery-powered forklifts require around 3-5 hours to recharge the battery.

The battery swapping is also a time consuming task requiring labor and hoisting systems. Currently, the spendings for battery-powered forklifts are high compared to fuel cell forklifts. But, in ten-year operational time periods, fuel cell forklifts will be the less costly option to consumers, as opposed to battery-powered forklifts. Therefore, retail industry companies such as Amazon and Walmart are using these forklifts to gain long term benefits as they are experiencing an increase in their productivity.

The report also covers leading companies with information on product types, business footprint, revenue, employee strength, etc. We have also covered a list of other companies in the global and regional market with their product-related information. Aside from this, the analyst has also covered the patent analysis for the fuel cell forklift market.

We have included inflation in the product pricing which is reflected in the market value of the historic year, while the forecasted values are nominal values.

The report also examines the impact of COVID-19 on the global and regional level. 2021 is considered a historic/base year, 2022 is an estimated year, and the market values are forecasted for five years until 2027. All market values are in the dollar ($) million and volume is measured in units.

Reasons for Doing This Study:

Fuel cell is a clean energy technology and can be used as green fuel in many industries, from automotive to medical to electronics. Pollution levels are increasing at an alarming rate and greenhouse gases have started to damage the environmental structure.

Most countries are working towards the development and commercialization of clean fuels such as hydrogen, which does not emit any kind of harmful gases after burning. Historically, the material handling industry has been an important sector in GDP development for all countries.

By using nonrenewable fuels, such as LPG, diesel, and gasoline, significant levels of harmful gases are generated which can affect the health of those working in warehouses and factories. Therefore, forklift users are also shifting to the use of battery power forklifts; however, these forklifts require a dedicated space in the warehouse for battery storing, recharging, and swapping.

For warehouses, retailing centers, plants, factories, and others, productivity is the key criteria for generating revenue. Therefore, forklift users are showing interest in using fuel cell forklifts as they take less time to refuel and the overall expenditure for these forklifts is comparatively less over a 10-year period. Due to these changes and the rising adoption of hydrogen-powered forklifts, the publisher has decided to analyze the market and measure the impact of these advanced forklifts on the conventional forklift market.

Chapter 2 Summary and Highlights Chapter 3 Market Overview

Chapter 4 Global Market for Fuel Cell Forklifts by Key Segment

Chapter 5 Market Breakdown by Country/Region

For more information about this report visit https://www.researchandmarkets.com/r/t9sbip

Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com

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