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Fuel cells are being widely used to convert chemical energy into electrical energy with the help of electromechanical reaction. It works quite similarly to the batter; however the only change being that the fuel is provided from outside. The higher density in comparison with batteries is one of the key factors expected to boost the demand for fuel cells in the coming years. In addition, the increasing use of fuel cells in the automotive sector and the advent of new technology are projected to generate promising opportunities for manufacturers operating in the fuel cell market across the globe. With a significant rise in the demand for clean energy and the increasing investments in this sector, North America and Asia Pacific are projected to witness a healthy growth in the next few years. Furthermore, the advantage over the backup power option and the advent of new technologies for hydrogen storage are anticipated to contribute towards the development of the market.