ASIA- PACIFIC FUEL CELL MARKET 2019-2027

Energy, Power & Utilities | Power

ASIA- PACIFIC FUEL CELL MARKET 2019-2027

Market By Application, Type And Geography | Forecast 2019-2027

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According to Triton’s research, the Asia- Pacific fuel cell market is expected to flourish with CAGR of 18.43% for the forecast period of 2019-2027.

The Asia-Pacific fuel cell market includes countries such as:

•           China

•           India

•           Japan

•           South Korea

•           ASEAN countries

•           Australia & New Zealand

•           Rest of Asia-Pacific

 Asia- Pacific fuel cell market is expected to flourish with CAGR of 18.43% for the forecast period of 2019-2027.

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The Asia-pacific fuel cell market is the largest and fastest evolving regional market across the globe. The government initiatives and investments for rapid adoption of fuel cells across various industrial verticals primarily drives the fuel cells market in the region. The government imposed stringent environmental regulations on companies that abide them to adopt for cleaner technology like fuel cells. Also, the rising adoption of fuel cells electric vehicles, hybrid electric vehicles, Combined Heat & Power (CHP), fuel cells in power generation plants and others drive the demand for fuel cells, thereby escalating the market growth.

Japan is the dominant market in the Asia-Pacific fuel cells market, owing to its significant demand of Combined Heat & Power (CHP) systems and various government initiatives for adoption of renewable fuelling stations. On the other hand, China’s fuel cells market is driven mainly by the public-private partnerships along with government policies and incentives supporting fuel cell electric vehicles. The expanding fuel cells market in India attributes to the favourable government policies supporting renewable energy technologies and providing generation-based incentives, capital and interest subsidies. While South Korea evolved as a world leader in fuel cell power production and installed the largest fuel cell park, Australia is investing in Next-generation hydrogen-fuelled vehicles, thus escalating the region’s fuel cell market.

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Table of Content

1.    ASIA PACIFIC FUEL CELL MARKET- SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. PROMISING INVESTMENTS IN FUEL CELL

2.2.2. INCREASING NUMBER OF PARTNERSHIPS BETWEEN PUBLIC & PRIVATE COMPANIES

2.2.3. GROWING APPLICATION OF FUEL CELL IN EV’S, HEV’S & PHEV’S

2.2.4. PROACTIVE INVOLVEMENT OF UNIVERSITIES, GOVERNMENT ORGANIZATIONS & COMPANIES IN R&D

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.6.1. RAW MATERIAL SUPPLIERS

2.6.2. MANUFACTURERS

2.6.3. DISTRIBUTORS

2.6.4. END-USERS

2.7. KEY IMPACT ANALYSIS

2.7.1. COST

2.7.2. APPLICATION

2.7.3. EFFICIENCY

2.8. REGULATORY FRAMEWORK

2.9. INDUSTRY PLAYER POSITIONING

2.10.            MARKET DRIVERS

2.10.1. BENEFITS OFFERED BY FUEL CELLS OVER OTHER POWER GENERATING SYSTEMS

2.10.2. GROWING DEMAND FOR EFFICIENT & CLEANER TECHNOLOGIES

2.10.3. RAPID INTEGRATION OF FUEL CELL TECHNOLOGY IN AUTOMOBILES

2.11.            MARKET RESTRAINTS

2.11.1. ISSUES WITH DURABILITY OF FUEL CELL TECHNOLOGY

2.11.2. HIGH CAPITAL COST OF FUEL CELLS

2.12.            MARKET OPPORTUNITIES

2.12.1. DECLINING PRICES OF FUEL CELLS & FCV’S

2.12.2. GROWING NUMBER OF HYDROGEN REFUELLING STATIONS

2.13.            MARKET CHALLENGES

2.13.1. AVAILABILITY OF ALTERNATIVE TECHNOLOGIES

2.13.2. LACK OF FUEL INFRASTRUCTURE

3.    ASIA PACIFIC FUEL CELL INDUSTRY OUTLOOK - BY APPLICATION

3.1. TRANSPORTATION

3.2. STATIONARY

3.3. PORTABLE

4.    ASIA PACIFIC FUEL CELL INDUSTRY OUTLOOK - BY TYPE

4.1. SOLID OXIDE FUEL CELLS (SOFC)

4.2. PHOSPHORIC ACID FUEL CELLS (PAFC)

4.3. MOLTEN CARBONATE FUEL CELLS (MCFC)

4.4. PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC)

4.5. OTHER FUEL CELLS

5.    ASIA PACIFIC FUEL CELL INDUSTRY – REGIONAL OUTLOOK

5.1. CHINA

5.2. JAPAN

5.3. INDIA

5.4. SOUTH KOREA

5.5. ASEAN COUNTRIES

5.6. AUSTRALIA & NEW ZEALAND

5.7. REST OF ASIA PACIFIC

6.    COMPETITIVE LANDSCAPE

6.1. HITACHI LTD

6.2. GENERAL ELECTRIC COMPANY

6.3. EXXON MOBIL CORPORATION

6.4. AFC ENERGY PLC

6.5. FUELCELL ENERGY INC

6.6. HYDROGENICS CORPORATION

6.7. AISIN SEIKI CO LTD

6.8. BALLARD POWER SYSTEMS

6.9. BLOOM ENERGY CORPORATION

6.10.            CERES POWER HOLDINGS PLC

6.11.            PLUG POWER INC

6.12.            SFC ENERGY AG

6.13.            PANASONIC CORPORATION

6.14.            TOYOTA MOTOR CORPORATION

6.15.            TOSHIBA CORPORATION

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: PROMINENT INVESTMENT IN FUEL CELLS

TABLE 3: VENDOR SCORECARD

TABLE 4: REGULATORY FRAMEWORK

TABLE 5: TYPICAL STACK SIZE OF DIFFERENT FUEL CELL TECHNOLOGIES

TABLE 6: ENERGY CONVERSION EFFICIENCY OF DIFFERENT ENERGY SOURCES

TABLE 7: ESTIMATED NUMBER OF FCEV’S ON ROAD IN KEY GEOGRAPHIES, 2014- 2020

TABLE 8: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 9: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 10: ASIA PACIFIC FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, 2018 & 2027 (IN %)

FIGURE 2: NETL’S SOFC PROGRAM

FIGURE 3: MARKET ATTRACTIVENESS INDEX

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: KEY IMPACT ANALYSIS

FIGURE 6: INDUSTRY PLAYER POSITIONING IN 2018 (IN %)

FIGURE 7: FUEL CELL SYSTEM COSTS ($)

FIGURE 8: ESTIMATED NUMBER OF HYDROGEN FUELING STATIONS IN KEY GEOGRAPHIES, 2014-2020

FIGURE 9: ASIA PACIFIC FUEL CELL MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC FUEL CELL MARKET, BY STATIONARY, 2019-2027 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC FUEL CELL MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC FUEL CELL MARKET, BY SOLID OXIDE FUEL CELLS (SOFC), 2019-2027 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC FUEL CELL MARKET, BY PHOSPHORIC ACID FUEL CELLS (PAFC), 2019-2027 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC FUEL CELL MARKET, BY MOLTEN CARBONATE FUEL CELLS (MCFC), 2019-2027 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC FUEL CELL MARKET, BY PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC), 2019-2027 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC FUEL CELL MARKET, BY OTHER FUEL CELLS, 2019-2027 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC FUEL CELL MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 18: CHINA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: JAPAN FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: INDIA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: SOUTH KOREA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: ASEAN COUNTRIES FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: AUSTRALIA & NEW ZEALAND FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: REST OF ASIA PACIFIC FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

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