Global Fuel Cell Market Report By Product (PEMFC, PAFC, SOFC, MCFC, And Others), Application (Stationary, Transportation, And Portable) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11210118
January 2020
Report Formats:

Rising demand for energy across the globe coupled with governmental initiates for consumption of clean and renewable energy is driving the market growth. Technological advancement for development of energy efficient products is again fueling the market growth. Also, diminution of non-renewable energy sources and rising awareness regarding fuel cell benefits is pushing the market demand upwards. In addition to this, owing to better substitute for energy generation over conventional non-renewable energy sources is further boosting the market growth. Increasing demand for fuel cells in the residential building, power generators, and various mobile and stationary application is likely to upsurge the market growth in the upcoming year.

The latest report by Value Market Research expects the Global Fuel Cell Market was valued at USD 7 billion in 2017 and is likely to reach USD 16.64 billion by 2024 with the CAGR of 10%.
 
PEMFC DOMINATED THE PRODUCT TYPE
In 2017, PEMFC led the product type segment by accounting X.X% of the total market share. Owing to superior characteristics such as high power density, lightweight, and low volume is driving the segment growth. Also, faster startup time and the favorable power-to-weight ratio has widened its application in passenger vehicles. This, in turn, is fueling segment growth.
 
TRANSPORTATION LED THE APPLICATION SEGMENT
Transport dominated the application segment and has accounted for X.X% of the total market share.  Use of fuel cell to meet zero carbon emission standards and provide greater well to wheel efficiency is driving the market growth. Governmental policies to stimulate a cleaner transport system are further boosting the segment growth.
 
ASIA PACIFIC DOMINATED THE REGIONAL MARKET
Geographically, Asia Pacific led the market and has accounted for over 40% of the market share. Rising adoption of fuel cell operating vehicles in Japan and Korea is driving the market growth.
 
KEY PLAYERS OF THE MARKET
Hydrogenics Corporation, Ballard, Bloom Energy, FuelCell Energy, Toshiba, UTC Power, Panasonic, Doosan, AFC Energy, Arcola, Plug Power, SFC, Horizon and Ceres Power are the major players of the market.

As per this study, the Global Fuel Cell Market was valued USDXXBN (by revenue) in 2019 and is anticipated to reach USD XX BN by 2026 with a CAGR of XX%. By volume, the market was estimated XX Units in 2019 and is expected to reach XX Units by 2026 with a CAGR of XX%.

A fuel cell is a device which produces electrical energy through a chemical reaction with oxygen or other oxidizing agents within it. Basically, they worked as a battery and have numerous advantages such as enhanced efficiency, longer lifespan, and eco-friendly nature. They have application across transport sectors such as in car and buses.
 
Market Dynamics
 
Growing environmental concern coupled with the strict regulation in order to reduce carbon footprint is likely to upsurge the demand for fuel cell over the forecast period. Also, the declining price of fuel cell owing to ongoing technological innovation is again fueling the market growth. Also, growing concern over depletion of oil and gas reserves along with the growing demand clean energy is further spurring the market growth. On the flip side, the high cost of the catalyst leads followed by lack of catalyst infrastructure is expected to curb the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of fuel cell.
 
Market Segmentation
 
The broad fuel cell market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product
  • PEMFC
  • PAFC
  • SOFC
  • MCFC
  • Others
 
By Application
  • Stationary
  • Transportation
  • Portable
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for fuel cell in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Fuel Cell Market Share by Region (Representative Graph)
 
Global Fuel Cell Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the fuel cell market include Ballard Power Systems, Bloom Energy, Ceramic Fuel Cells, Ltd, Ceres Power, FuelCell Energy, Inc., Hydrogenics Corporation, Nedstack Fuel Cell Technology BV., Plug Power, SFC Group, and UTC Power Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . FUEL CELL – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL FUEL CELL MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 PEMFC Market by Regions
       6.5 PAFC Market by Regions
       6.6 SOFC Market by Regions
       6.7 MCFC Market by Regions
       6.8 Others Market by Regions
 
7 . GLOBAL FUEL CELL MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Stationary Market by Regions
       7.5 Transportation Market by Regions
       7.6 Portable Market by Regions
 
8 . GLOBAL FUEL CELL MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE FUEL CELL COMPANIES
       9.1. Fuel Cell Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF FUEL CELL INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Ballard Power Systems
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Bloom Energy
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Ceramic Fuel Cells, Ltd.
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Ceres Power
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. FuelCell Energy, Inc.
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Hydrogenics Corporation
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Nedstack Fuel Cell Technology BV
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Plug Power
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. SFC Group
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. UTC Power Corporation
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Product (Units and USD MN)
  • PEMFC Market by Geography (Units and USD MN)
  • PAFC Market by Geography (Units and USD MN)
  • SOFC Market by Geography (Units and USD MN)
  • MCFC Market by Geography (Units and USD MN)
  • Others Market by Geography (Units and USD MN)
  • Analysis Market by Application (Units and USD MN)
  • Stationary Market by Geography (Units and USD MN)
  • Transportation Market by Geography (Units and USD MN)
  • Portable Market by Geography (Units and USD MN)
  • Global Fuel Cell Market by Geography (Units and USD MN)
  • North America Market Analysis (Units and USD MN)
  • United State Market Analysis (Units and USD MN)
  • Canada Market Analysis (Units and USD MN)
  • Mexico Market Analysis (Units and USD MN)
  • Europe Market Analysis (Units and USD MN)
  • Europe Market Estimate by Country (Units and USD MN)
  • United Kingdom Market Analysis (Units and USD MN)
  • France Market Analysis (Units and USD MN)
  • Germany Market Analysis (Units and USD MN)
  • Italy Market Analysis (Units and USD MN)
  • Russia Market Analysis (Units and USD MN)
  • Spain Market Analysis (Units and USD MN)
  • Rest of Europe Market Analysis (Units and USD MN)
  • Asia Pacific Market Analysis (Units and USD MN)
  • China Market Analysis (Units and USD MN)
  • Japan Market Analysis (Units and USD MN)
  • India Market Analysis (Units and USD MN)
  • South Korea Market Analysis (Units and USD MN)
  • Australia Market Analysis (Units and USD MN)
  • Rest of Asia Pacific Market Analysis (Units and USD MN)
  • Latin America Market Analysis (Units and USD MN)
  • Brazil Market Analysis (Units and USD MN)
  • Argentina Market Analysis (Units and USD MN)
  • Peru Market Analysis (Units and USD MN)
  • Chile Market Analysis (Units and USD MN)
  • Rest of Latin America Market Analysis (Units and USD MN)
  • Middle East & Africa Market Analysis (Units and USD MN)
  • Saudi Arabia Market Analysis (Units and USD MN)
  • UAE Market Analysis (Units and USD MN)
  • Israel Market Analysis (Units and USD MN)
  • South Africa Market Analysis (Units and USD MN)
  • Rest of Middle East and Africa Market Analysis (Units and USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
 
LIST OF FIGURES
 
  • Research Scope of Fuel Cell Report
  • Market Research Process
  • Market Research Methodology
  • Global Fuel Cell Market Size, by Region (Units and USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Product
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Product (Units and USD MN)
  • PEMFC Market by Geography (Units and USD MN)
  • PAFC Market by Geography (Units and USD MN)
  • SOFC Market by Geography (Units and USD MN)
  • MCFC Market by Geography (Units and USD MN)
  • Others Market by Geography (Units and USD MN)
  • Global Market Analysis by Application (Units and USD MN)
  • Stationary Market by Geography (Units and USD MN)
  • Transportation Market by Geography (Units and USD MN)
  • Portable Market by Geography (Units and USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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