KEY FINDINGS
The global fuel cell market is estimated to record a CAGR of 17.74% during the projected period, 2020-2028. The factors influencing the market growth huge investments in the development of hydrogen infrastructure and production of hydrogen, the growing government and private partnership in manufacture and infrastructure development, innovations in fuel cell technology, technological development in cost reduction, and rising demand for power generation.
MARKET INSIGHTS
The fuel cells have competitive advantages like enhanced efficiency, eco-friendly, and longer life span, and the market is expected to grow during the period. The growing demand for portable devices, strict government rules and regulations to reduce pollution levels, and enhanced effectiveness of fuel cells are the other drivers propelling the market growth. The development of technology is expected to reduce the cost of fuel cells in the future.
The fuel cells used in transportation allow speedy operation and reduce noise pollution. DMFC devices use methanol as fuel, which is available in all weather conditions, lighter than water, and delivers 10 times more charge than lithium-ion cells. Several fuel manufacturing companies in the US are reducing the amount of platinum used in fuel cells, thereby reducing the cost of fuel cells up to 40%. The solid oxide fuel cells (SOFC) category in the product segment is expected to exhibit the highest CAGR. High capital investment is one of the biggest factors restricting the growth of the market. The fuel cell system entails the use of platinum in the anode. Platinum is an expensive material. The utilization of platinum increases the overall expenditure of the fuel cell systems. The major companies in the market are involved in the research and development activities for developing new products.
REGIONAL INSIGHTS
The global fuel cell market is analyzed by studying the markets in the region of North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region garnered the largest market share as of 2019, and is set to record the highest CAGR during the forecasted period. This is attributed to the large presence of fuel cell manufacturers, strict regulations on CO2 emission, and the contribution of the major economies of the regions towards the market growth.
COMPETITIVE INSIGHTS
The global fuel cell market's competitive nature is fueled by the large presence of big industry players. Some of the prominent companies in the market include, Fuel Cell Energy, Inc., General Electric Company, Ceres Power Holdings plc, Aisin Seiki Co. Ltd., Toyota Motor Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Fuel Cell Market Forecast 2020-2028
Table of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Development Of Fuel Cell
3.2. Market Definition
3.3. Key Drivers
3.3.1. Development Of Hydrogen Infrastructure
3.3.2. Rising Public-Private Partnership
3.3.3. Innovation In Fuel Cell Technology
3.3.4. Increasing Demand For Power Generation
3.4. Key Restraints
3.4.1. High Cost Of Fuel Cell Technologies
3.4.2. Lack Of Infrastructure
3.4.3. High Capital Investment
3.4.4. Lack Of Skilled Professionals
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter's Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Distributors
4.5.4. End-Users
4.6. Key Buying Criteria
4.6.1. Price
4.6.2. Application
4.6.3. Efficiency Of The System
4.7. Regulatory Framework
4.8. Patent Analysis
4.8.1. United States
4.8.2. Europe
4.8.3. Japan
5. Market By Product
5.1. Solid Oxide Fuel Cells (Sofc)
5.2. Phosphoric Acid Fuel Cells (Pafc)
5.3. Molten Carbonate Fuel Cells (Mcfc)
5.4. Proton Exchange Membrane Fuel Cells (Pemfc)
5.5. Other Fuel Cells
6. Market By Application
6.1. Transportation
6.2. Stationary
6.3. Portable
7. Geographical Analysis
7.1. North America
7.1.1. United States
7.1.2. Canada
7.2. Europe
7.2.1. United Kingdom
7.2.2. Germany
7.2.3. France
7.2.4. Italy
7.2.5. Russia
7.2.6. Belgium
7.2.7. Poland
7.2.8. Rest Of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.3.4. South Korea
7.3.5. Indonesia
7.3.6. Thailand
7.3.7. Vietnam
7.3.8. Australia & New Zealand
7.3.9. Rest Of Asia Pacific
7.4. Rest Of World
7.4.1. Latin America
7.4.2. Middle East & Africa
8. Company Profiles
8.1. Afc Energy Plc
8.2. Aisin Seiki Co. Ltd
8.3. Ballard Power Systems Inc.
8.4. Bloom Energy Corporation
8.5. Ceres Power Holdings Plc
8.6. Exxon Mobil Corporation
8.7. Fuel Cell Energy, Inc
8.8. General Electric Company (Ge)
8.9. Hitachi, Ltd
8.10. Hydrogenics Corporation
8.11. Panasonic Corporation
8.12. Plug Power Inc.
8.13. Sfc Energy Ag
8.14. Toshiba Corporation
8.15. Toyota Motor Corporation
List of Tables
Table 1: Market Snapshot - Fuel Cell
Table 2: Regulatory Framework
Table 3: Global Fuel Cell Market, By Product, Historical Years, 2016-2019 (In $ Million)
Table 4: Global Fuel Cell Market, By Product, Forecast Years, 2020-2028 (In $ Million)
Table 5: Global Solid Oxide Fuel Cells (Sofc) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 6: Global Solid Oxide Fuel Cells (Sofc) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 7: Global Phosphoric Acid Fuel Cells (Pafc) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 8: Global Phosphoric Acid Fuel Cells (Pafc) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 9: Global Molten Carbonate Fuel Cells (Mcfc) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 10: Global Molten Carbonate Fuel Cells (Mcfc) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 11: Global Proton Exchange Membrane Fuel Cells (Pemfc) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 12: Global Proton Exchange Membrane Fuel Cells (Pemfc) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 13: Global Other Fuel Cells Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 14: Global Other Fuel Cells Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 15: Global Fuel Cell Market, By Application, Historical Years, 2016-2019 (In $ Million)
Table 16: Global Fuel Cell Market, By Application, Forecast Years, 2020-2028 (In $ Million)
Table 17: Global Transportation Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 18: Global Transportation Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 19: Global Stationary Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 20: Global Stationary Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 21: Global Portable Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 22: Global Portable Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 23: Global Fuel Cell Market, By Geography, Historical Years, 2016-2019 (In $ Million)
Table 24: Global Fuel Cell Market, By Geography, Forecast Years, 2020-2028 (In $ Million)
Table 25: North America Fuel Cell Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 26: North America Fuel Cell Market, By Country, Forecast Years, 2020-2028 (In $ Million)
Table 27: Europe Fuel Cell Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 28: Europe Fuel Cell Market, By Country, Forecast Years, 2020-2028 (In $ Million)
Table 29: Asia Pacific Fuel Cell Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 30: Asia Pacific Fuel Cell Market, By Country, Forecast Years, 2020-2028 (In $ Million)
Table 31: Rest Of World Fuel Cell Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 32: Rest Of World Fuel Cell Market, By Region, Forecast Years, 2020-2028 (In $ Million)
List of Figures
Figure 1: Timeline Of Fuel Cells
Figure 2: Cut In Fuel Costs Due To Technological Innovations $/Kw (2002-2016)
Figure 3: Key Investment Insights
Figure 4: Porter's Five Force Analysis
Figure 5: Opportunity Matrix
Figure 6: Vendor Landscape
Figure 7: Value Chain Analysis
Figure 8: Key Buying Criteria
Figure 9: Global Fuel Cell Market, Growth Potential, By Product, In 2019
Figure 10: Global Fuel Cell Market, Solid Oxide Fuel Cells (Sofc), 2020-2028 (In $ Million)
Figure 11: Global Fuel Cell Market, Phosphoric Acid Fuel Cells (Pafc), 2020-2028 (In $ Million)
Figure 12: Global Fuel Cell Market, Molten Carbonate Fuel Cells (Mcfc), 2020-2028 (In $ Million)
Figure 13: Global Fuel Cell Market, Proton Exchange Membrane Fuel Cells (Pemfc), 2020-2028 (In $ Million)
Figure 14: Global Fuel Cell Market, Other Fuel Cells, 2020-2028 (In $ Million)
Figure 15: Global Fuel Cell Market, Growth Potential, By Application, In 2019
Figure 16: Global Fuel Cell Market, Transportation, 2020-2028 (In $ Million)
Figure 17: Global Fuel Cell Market, Stationary, 2020-2028 (In $ Million)
Figure 18: Global Fuel Cell Market, Portable, 2020-2028 (In $ Million)
Figure 19: North America Fuel Cell Market, Regional Outlook, 2019 & 2028 (In %)
Figure 20: United States Fuel Cell Market, 2020-2028 (In $ Million)
Figure 21: Canada Fuel Cell Market, 2020-2028 (In $ Million)
Figure 22: Europe Fuel Cell Market, Regional Outlook, 2019 & 2028 (In %)
Figure 23: United Kingdom Fuel Cell Market, 2020-2028 (In $ Million)
Figure 24: Germany Fuel Cell Market, 2020-2028 (In $ Million)
Figure 25: France Fuel Cell Market, 2020-2028 (In $ Million)
Figure 26: Italy Fuel Cell Market, 2020-2028 (In $ Million)
Figure 27: Russia Fuel Cell Market, 2020-2028 (In $ Million)
Figure 28: Belgium Fuel Cell Market, 2020-2028 (In $ Million)
Figure 29: Poland Fuel Cell Market, 2020-2028 (In $ Million)
Figure 30: Rest Of Europe Fuel Cell Market, 2020-2028 (In $ Million)
Figure 31: Asia Pacific Fuel Cell Market, Regional Outlook, 2019 & 2028 (In %)
Figure 32: China Fuel Cell Market, 2020-2028 (In $ Million)
Figure 33: Japan Fuel Cell Market, 2020-2028 (In $ Million)
Figure 34: India Fuel Cell Market, 2020-2028 (In $ Million)
Figure 35: South Korea Fuel Cell Market, 2020-2028 (In $ Million)
Figure 36: Indonesia Fuel Cell Market, 2020-2028 (In $ Million)
Figure 37: Thailand Fuel Cell Market, 2020-2028 (In $ Million)
Figure 38: Vietnam Fuel Cell Market, 2020-2028 (In $ Million)
Figure 39: Australia & New Zealand Fuel Cell Market, 2020-2028 (In $ Million)
Figure 40: Rest Of Asia Pacific Fuel Cell Market, 2020-2028 (In $ Million)
Figure 41: Rest Of World Fuel Cell Market, Regional Outlook, 2019 & 2028 (In %)
Figure 42: Latin America Fuel Cell Market, 2020-2028 (In $ Million)
Figure 43: Middle East & Africa Fuel Cell Market, 2020-2028 (In $ Million
Global Hydrogen Fuel Cells Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 120
This report studies The Hydrogen Fuel Cell market, Hydrogen Fuel Cell use hydrogen as a chemical element, and are made into batteries that store energy. The basic principle is The reverse reaction of electrolysis of water, hydrogen and oxygen were supplied to The cathode and anode, hydrogen diffusion through The cathode and The electrolyte reaction, The release of electrons through The external load to reach The anode.
A hydrogen fuel cell is a power plant that utilizes The inverse process......
Global Stationary Fuel Cells Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 114
According to our LPI (LP Information) latest study, the global Stationary Fuel Cells market size was valued at US$ 7557 million in 2023. With growing demand in downstream market, the Stationary Fuel Cells is forecast to a readjusted size of US$ 50360 million by 2030 with a CAGR of 31.1% during review period.
The research report highlights the growth potential of the global Stationary Fuel Cells market. Stationary Fuel Cells are expected to show stable growth in the future market. However......
Global Hydrogen and Fuel Cells Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 121
According to our LPI (LP Information) latest study, the global Hydrogen and Fuel Cells market size was valued at US$ 3224.7 million in 2023. With growing demand in downstream market, the Hydrogen and Fuel Cells is forecast to a readjusted size of US$ 25460 million by 2030 with a CAGR of 34.3% during review period.
The research report highlights the growth potential of the global Hydrogen and Fuel Cells market. Hydrogen and Fuel Cells are expected to show stable growth in the future marke......
Global Stationary Fuel Cell Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 117
According to our LPI (LP Information) latest study, the global Stationary Fuel Cell market size was valued at US$ 7557 million in 2023. With growing demand in downstream market, the Stationary Fuel Cell is forecast to a readjusted size of US$ 50360 million by 2030 with a CAGR of 31.1% during review period.
The research report highlights the growth potential of the global Stationary Fuel Cell market. Stationary Fuel Cell are expected to show stable growth in the future market. However, pr......
Global Proton Exchange Membrane Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 91
According to our LPI (LP Information) latest study, the global Proton Exchange Membrane market size was valued at US$ 957.8 million in 2023. With growing demand in downstream market, the Proton Exchange Membrane is forecast to a readjusted size of US$ 2509.6 million by 2030 with a CAGR of 14.8% during review period.
The research report highlights the growth potential of the global Proton Exchange Membrane market. Proton Exchange Membrane are expected to show stable growth in the future m......
Global Fuel Cells for Marine Vessels Market Research Report 2024
Published: 04-Jan-2024 Price: US 2900 Onwards Pages: 91
The Fuel Cells for Marine Vessels market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Fuel Cells for Marine Vessels market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the......
Global Fuel Cell Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 136
According to our LPI (LP Information) latest study, the global Fuel Cell market size was valued at US$ 3786.3 million in 2023. With growing demand in downstream market, the Fuel Cell is forecast to a readjusted size of US$ 24160 million by 2030 with a CAGR of 30.3% during review period.
The research report highlights the growth potential of the global Fuel Cell market. Fuel Cell are expected to show stable growth in the future market. However, product differentiation, reducing costs, and......
Global Protonic Ceramic Fuel Cell (PCFC) Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 113
According to our LPI (LP Information) latest study, the global Protonic Ceramic Fuel Cell (PCFC) market size was valued at US$ 1824.9 million in 2023. With growing demand in downstream market, the Protonic Ceramic Fuel Cell (PCFC) is forecast to a readjusted size of US$ 19080 million by 2030 with a CAGR of 39.8% during review period.
The research report highlights the growth potential of the global Protonic Ceramic Fuel Cell (PCFC) market. Protonic Ceramic Fuel Cell (PCFC) are expected t......
Global Direct Methanol Fuel Cell (DMFC) Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 79
According to our LPI (LP Information) latest study, the global Direct Methanol Fuel Cell (DMFC) market size was valued at US$ 125.4 million in 2023. With growing demand in downstream market, the Direct Methanol Fuel Cell (DMFC) is forecast to a readjusted size of US$ 206.2 million by 2030 with a CAGR of 7.4% during review period.
The research report highlights the growth potential of the global Direct Methanol Fuel Cell (DMFC) market. Direct Methanol Fuel Cell (DMFC) are expected to show......
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