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, 2019-2026

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 USD X BN (by revenue) in 2019 and is anticipated to reach USD XX.XX BN by 2026 with a CAGR of XX.X%. By volume, the market was estimated XXX Units in 2019 and is expected to reach XXX Units by 2026 with a CAGR of X.X%.

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.
 
Europe Fuel Cell Market By Revenue (USD MN)
 

 
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 Fuel Cell Market
       2.2. Global Fuel Cell Market Snapshot
 
3 . FUEL CELL – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Fuel Cell Market
       3.3. Market Restraints of Fuel Cell Market
       3.4. Opportunities of Fuel Cell Market
       3.5. Trends of Fuel Cell Market
       3.6. Porter’s Five Force Analysis of Fuel Cell Market
       3.7. Fuel Cell Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Fuel Cell Value Chain Analysis
       4.2. Fuel Cell Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Fuel Cell Raw Material Manufactures List
           4.2.3. Price Trend of Fuel Cell 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 . GLOBAL FUEL CELL MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Fuel Cell Market Analysis by Product
       5.3 Market Analysis of PEMFC by Regions
       5.4 Market Analysis of PAFC by Regions
       5.5 Market Analysis of SOFC by Regions
       5.6 Market Analysis of MCFC by Regions
       5.7 Market Analysis of Others by Regions
 
6 . GLOBAL FUEL CELL MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Fuel Cell Market Analysis by Application
       6.3 Market Analysis of Stationary by Regions
       6.4 Market Analysis of Transportation by Regions
       6.5 Market Analysis of Portable by Regions
 
7 . GLOBAL FUEL CELL MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Fuel Cell Market Estimate by Market Segment
           7.3.3. North America Fuel Cell Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Fuel Cell Market Estimate by Market Segment
           7.4.3. Europe Fuel Cell Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Fuel Cell Market Estimate by Market Segment
           7.5.3. Asia Pacific Fuel Cell Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Fuel Cell Market Estimate by Market Segment
           7.6.3. Latin America Fuel Cell Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Fuel Cell Market Estimate by Market Segment
           7.7.3. Middle East & Africa Fuel Cell Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE FUEL CELL COMPANIES
       8.1. Fuel Cell Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF FUEL CELL INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Ballard Power Systems
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Bloom Energy
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Ceramic Fuel Cells, Ltd
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Ceres Power
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. FuelCell Energy,Inc.
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Hydrogenics Corporation
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Nedstack Fuel Cell Technology BV.
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Plug Power
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. SFC Group
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. UTC Power Corporation
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
 
10.  IMPACT ANALYSIS OF COVID-19 OUTBREAK
       10.1. Impact Analysis of Covid-19 Outbreak on the Market
           10.1.1. Direct Impact on Production
           10.1.2. Supply Chain and Market Disruption
           10.1.3. Financial Impact on Firms and Financial Markets
       10.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       10.3. Pre V/S Post COVID-19 Market
       10.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
       10.5. COVID-19: Micro and Macro Factor Analysis on the Market
    
 *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

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market 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 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  Global Fuel Cell Market Analysis by Product (Units)
  •  Global Fuel Cell Market Analysis by Product (USD MN)
  •  Global Fuel Cell Market Analysis in PEMFC by Geography (Units)
  •  Global Fuel Cell Market Analysis in PEMFC by Geography (USD MN)
  •  Global Fuel Cell Market Analysis in PAFC by Geography (Units)
  •  Global Fuel Cell Market Analysis in PAFC by Geography (USD MN)
  •  Global Fuel Cell Market Analysis in SOFC by Geography (Units)
  •  Global Fuel Cell Market Analysis in SOFC by Geography (USD MN)
  •  Global Fuel Cell Market Analysis in MCFC by Geography (Units)
  •  Global Fuel Cell Market Analysis in MCFC by Geography (USD MN)
  •  Global Fuel Cell Market Analysis in Others by Geography (Units)
  •  Global Fuel Cell Market Analysis in Others by Geography (USD MN)
  •  Global Fuel Cell Market Analysis by Application (Units)
  •  Global Fuel Cell Market Analysis by Application (USD MN)
  •  Global Fuel Cell Market Analysis in Stationary by Geography (Units)
  •  Global Fuel Cell Market Analysis in Stationary by Geography (USD MN)
  •  Global Fuel Cell Market Analysis in Transportation by Geography (Units)
  •  Global Fuel Cell Market Analysis in Transportation by Geography (USD MN)
  •  Global Fuel Cell Market Analysis in Portable by Geography (Units)
  •  Global Fuel Cell Market Analysis in Portable by Geography (USD MN)
  •  Global Fuel Cell Market by Geography (Units)
  •  Global Fuel Cell Market by Geography (USD MN)
  •  North America Fuel Cell Market Analysis by Product (Units)
  •  North America Fuel Cell Market Analysis by Product (USD MN)
  •  North America Fuel Cell Market Estimate by Application (Units)
  •  North America Fuel Cell Market Estimate by Application (USD MN)
  •  North America Fuel Cell Market Estimate by Country (Units)
  •  North America Fuel Cell Market Estimate by Country (USD MN)
  •  United State Fuel Cell Market Analysis by Product (Units)
  •  United State Fuel Cell Market Analysis by Product (USD MN)
  •  United State Fuel Cell Market Estimate by Application (Units)
  •  United State Fuel Cell Market Estimate by Application (USD MN)
  •  Rest of North America Fuel Cell Market Analysis by Product (Units)
  •  Rest of North America Fuel Cell Market Analysis by Product (USD MN)
  •  Rest of North America Fuel Cell Market Estimate by Application (Units)
  •  Rest of North America Fuel Cell Market Estimate by Application (USD MN)
  •  Europe Fuel Cell Market Analysis by Product (Units)
  •  Europe Fuel Cell Market Analysis by Product (USD MN)
  •  Europe Fuel Cell Market Estimate by Application (Units)
  •  Europe Fuel Cell Market Estimate by Application (USD MN)
  •  Europe Fuel Cell Market Estimate by Country (Units)
  •  Europe Fuel Cell Market Estimate by Country (USD MN)
  •  United Kingdom Fuel Cell Market Analysis by Product (Units)
  •  United Kingdom Fuel Cell Market Analysis by Product (USD MN)
  •  United Kingdom Fuel Cell Market Estimate by Application (Units)
  •  United Kingdom Fuel Cell Market Estimate by Application (USD MN)
  •  France Fuel Cell Market Analysis by Product (Units)
  •  France Fuel Cell Market Analysis by Product (USD MN)
  •  France Fuel Cell Market Estimate by Application (Units)
  •  France Fuel Cell Market Estimate by Application (USD MN)
  •  Germany Fuel Cell Market Analysis by Product (Units)
  •  Germany Fuel Cell Market Analysis by Product (USD MN)
  •  Germany Fuel Cell Market Estimate by Application (Units)
  •  Germany Fuel Cell Market Estimate by Application (USD MN)
  •  Rest of Europe Fuel Cell Market Analysis by Product (Units)
  •  Rest of Europe Fuel Cell Market Analysis by Product (USD MN)
  •  Rest of Europe Fuel Cell Market Estimate by Application (Units)
  •  Rest of Europe Fuel Cell Market Estimate by Application (USD MN)
  •  Asia Pacific Fuel Cell Market Analysis by Product (Units)
  •  Asia Pacific Fuel Cell Market Analysis by Product (USD MN)
  •  Asia Pacific Fuel Cell Market Estimate by Application (Units)
  •  Asia Pacific Fuel Cell Market Estimate by Application (USD MN)
  •  Asia Pacific Fuel Cell Market Estimate by Country (Units)
  •  Asia Pacific Fuel Cell Market Estimate by Country (USD MN)
  •  China Fuel Cell Market Analysis by Product (Units)
  •  China Fuel Cell Market Analysis by Product (USD MN)
  •  China Fuel Cell Market Estimate by Application (Units)
  •  China Fuel Cell Market Estimate by Application (USD MN)
  •  Japan Fuel Cell Market Analysis by Product (Units)
  •  Japan Fuel Cell Market Analysis by Product (USD MN)
  •  Japan Fuel Cell Market Estimate by Application (Units)
  •  Japan Fuel Cell Market Estimate by Application (USD MN)
  •  India Fuel Cell Market Analysis by Product (Units)
  •  India Fuel Cell Market Analysis by Product (USD MN)
  •  India Fuel Cell Market Estimate by Application (Units)
  •  India Fuel Cell Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Fuel Cell Market Analysis by Product (Units)
  •  Rest of Asia Pacific Fuel Cell Market Analysis by Product (USD MN)
  •  Rest of Asia Pacific Fuel Cell Market Estimate by Application (Units)
  •  Rest of Asia Pacific Fuel Cell Market Estimate by Application (USD MN)
  •  Latin America Fuel Cell Market Analysis by Product (Units)
  •  Latin America Fuel Cell Market Analysis by Product (USD MN)
  •  Latin America Fuel Cell Market Estimate by Application (Units)
  •  Latin America Fuel Cell Market Estimate by Application (USD MN)
  •  Latin America Fuel Cell Market Estimate by Country (Units)
  •  Latin America Fuel Cell Market Estimate by Country (USD MN)
  •  Brazil Fuel Cell Market Analysis by Product (Units)
  •  Brazil Fuel Cell Market Analysis by Product (USD MN)
  •  Brazil Fuel Cell Market Estimate by Application (Units)
  •  Brazil Fuel Cell Market Estimate by Application (USD MN)
  •  Rest of Latin America Fuel Cell Market Analysis by Product (Units)
  •  Rest of Latin America Fuel Cell Market Analysis by Product (USD MN)
  •  Rest of Latin America Fuel Cell Market Estimate by Application (Units)
  •  Rest of Latin America Fuel Cell Market Estimate by Application (USD MN)
  •  Middle East & Africa Fuel Cell Market Analysis by Product (Units)
  •  Middle East & Africa Fuel Cell Market Analysis by Product (USD MN)
  •  Middle East & Africa Fuel Cell Market Estimate by Application (Units)
  •  Middle East & Africa Fuel Cell Market Estimate by Application (USD MN)
  •  Middle East & Africa Fuel Cell Market Estimate by Country (Units)
  •  Middle East & Africa Fuel Cell Market Estimate by Country (USD MN)
  •  Middle East Fuel Cell Market Analysis by Product (Units)
  •  Middle East Fuel Cell Market Analysis by Product (USD MN)
  •  Middle East Fuel Cell Market Estimate by Application (Units)
  •  Middle East Fuel Cell Market Estimate by Application (USD MN)
  •  Africa Fuel Cell Market Analysis by Product (Units)
  •  Africa Fuel Cell Market Analysis by Product (USD MN)
  •  Africa Fuel Cell Market Estimate by Application (Units)
  •  Africa Fuel Cell Market Estimate by Application (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 (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Fuel Cell Market Analysis by Product
  •  Global Fuel Cell Market Analysis in PEMFC by Region
  •  Global Fuel Cell Market Analysis in PAFC by Region
  •  Global Fuel Cell Market Analysis in SOFC by Region
  •  Global Fuel Cell Market Analysis in MCFC by Region
  •  Global Fuel Cell Market Analysis in Others by Region
  •  Global Fuel Cell Market Analysis by Application
  •  Global Fuel Cell Market Analysis in Stationary by Region
  •  Global Fuel Cell Market Analysis in Transportation by Region
  •  Global Fuel Cell Market Analysis in Portable by Region
  •  Global Fuel Cell Market by Volume And Revenue
  •  North America Fuel Cell Market by Volume And Revenue
  •  Europe Fuel Cell Market by Volume And Revenue
  •  Asia Pacific Fuel Cell Market by Volume And Revenue
  •  Latin America Fuel Cell Market by Volume And Revenue
  •  Middle East & Africa Fuel Cell Market by Volume And Revenue
  •  Recent Development in Fuel Cell Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
 

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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