GLOBAL FUEL CELL MARKET 2019-2027

Energy, Power & Utilities | Power

GLOBAL FUEL CELL MARKET 2019-2027

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

Request Free Sample

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

Triton’s market research predicts that the global market for fuel cell would witness a CAGR of 18.03% over the forecast period of 2019-2027. The market was assessed to be worth $4395.02 million in the year 2018 and is predicted to generate a revenue of approximately $19228.74 million by the year 2027.

A fuel cell produces electricity through a chemical reaction, without combustion. Fuel cells are technological devices that transform a variety of fuels into electricity along with heat & water as by products. Fuel cells do not produce heat and power by combustion process unlike other fossil fuels; they create end products electrochemically by combining hydrogen and oxygen, thus providing an environment-friendly and non-polluting method. In contrast to batteries, fuel cells can uninterruptedly generate electricity as long as the source of fuel is supplied. 

global market for fuel cell would witness a CAGR of 18.03%

We provide additional customization based on your specific requirements. Request For Customization 

Fuel cells generate electricity directly from hydrogen and oxygen; hence, the power generated does not result in the emission of carbon dioxide or any other environmental pollutants. Production of hydrogen by processing petroleum fuels unavoidably emits carbon dioxide, but power generation using fuel cell results in low fuel requirements, thereby, cutting down carbon dioxide emissions. Moreover, only a small amount of harmful substances is released when hydrogen is formed using this method. Also, hydrogen manufactured using renewable resources makes fuel cell a zero-emission energy source. Further, fuel cells produce power through a chemical reaction, thus producing zero or little noise. Fuel cell technology is expected to play a vital role to counter not only various regional environmental issues but also deal with a long-standing problem of global warming.

Triton market research’s report on fuel cell provides an in-depth insight of the market. The detailed analysis of the market includes Key insights, Porter’s five force analysis, Market attractiveness index, Vendor scorecard, Industry components, Key impact analysis, Regulatory framework & Industry player positioning. 

Fuel cells have certain advantages over other technologies, which drives the growth of the fuel cell market. Besides the decreased CO2 emissions and high-efficiency rates, fuel cells offer plenty of positive environmental impacts such as fuel conservation, Combined Heat & Power (CHP) & Pollution control. For instance, DMFC devices use methanol as fuel, which is available in all environmental conditions. Methanol is lighter than water and delivers ten times more charge than lithium-ion cells. Further, improvements are underway in DMFC technology to develop stronger and passive DMFC. This new technology focuses on managing the by-product of water more efficiently, ensuring the extended life of the fuel cells.

Moreover, declining prices of fuel cells & FCEV’s coupled with the growing number of hydrogen refuelling stations would provide ample growth opportunity for the fuel cell market. The number of hydrogen refuelling stations are escalating throughout the world. These stations are necessary as they are the fuel supply chain of fuel cell electric vehicles. There are different types of fuel stations, depending on the capacities of fuel.

However, issues with the durability of fuel cell technology, the high capital cost of fuel cells, availability of alternative technologies & lack of fuel infrastructure pose challenges that hinder the growth of the fuel cell market. The high capital cost of fuel cells is one of the biggest challenges for the fuel cell market to be competitive in future. The cost per kilowatt ranges from $4000 to $5000, which includes $1500 for installation. The price attributes to platinum- a catalyst required for the fuel cell reaction, which is highly expensive at present.

The Segmentation Analysis of the Fuel Cell includes:  •    By Application   o    Transportation  o    Stationary  o    Portable  •    By Type:

To get detailed insights on segments, Request Free Sample Report  

Key Geographies Covered in Global Fuel Cell Market are:

•    North America Fuel Cell Market: the United States and Canada 

•    Europe Fuel Cell Market: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe

•    Asia-Pacific Fuel Cell Market: China, Japan, India, Australia, South Korea, ASEAN Countries and Rest of Asia Pacific 

•    Latin America Fuel Cell Market: Brazil, Mexico, and Rest of Latin America

•    Middle East & Africa Fuel Cell Market: Saudi Arabia, Turkey, United Arab Emirates, South Africa & Rest of Middle East & Africa

The Segmentation Analysis of the Fuel Cell includes:

•    By Application 

o    Transportation

o    Stationary

o    Portable

•    By Type:

o    Solid Oxide Fuel Cells (SOFC)

o    Phosphoric Acid Fuel Cells (PAFC)

o    Molten Carbonate Fuel Cells (MCFC)

o    Proton Exchange Membrane Fuel Cells (PEMFC)

o    Other Fuel Cells

Some of the key players operating in the global fuel cell market are Aisin Seiki Co Ltd, Plug Power Inc., SFC Energy AG, General Electric Company, Ballard Power Systems, Hitachi Ltd, Exxon Mobil Corporation, AFC Energy Plc, Ceres Power Holdings Plc, Bloom Energy Corporation, Fuel Cell Energy Inc., Hydrogenics Corporation & others.


Related Reports

ASIA PACIFIC DISTRIBUTION TRANSFORMERS MARKET 2019-2027
Energy, Power & Utilities

ASIA PACIFIC DISTRIBUTION TRANSFORMERS MARKET 2019-2027

MARKET BY INSULATION TYPE, MOU ..

VIEW REPORT
ASIA- PACIFIC FUEL CELL MARKET 2019-2027
Energy, Power & Utilities

ASIA- PACIFIC FUEL CELL MARKET 2019-2027

Market By Application, Type An ..

VIEW REPORT
ASIA-PACIFIC AIR POLLUTION CONTROL SYSTEM MARKET 2019-2027
Energy, Power & Utilities

ASIA-PACIFIC AIR POLLUTION CONTROL SYSTEM MARKET 2019-2027

Market By Products, Applicatio ..

VIEW REPORT
ASIA-PACIFIC AIR QUALITY CONTROL SYSTEMS MARKET 2019-2028
Energy, Power & Utilities

ASIA-PACIFIC AIR QUALITY CONTROL SYSTEMS MARKET 2019-2028

Market By Application, Type Of ..

VIEW REPORT
ASIA-PACIFIC BATTERY MARKET 2019-2027
Energy, Power & Utilities

ASIA-PACIFIC BATTERY MARKET 2019-2027

Market By Battery Type, Applic ..

VIEW REPORT
ASIA-PACIFIC BATTERY RECYCLING MARKET 2020-2028
Energy, Power & Utilities

ASIA-PACIFIC BATTERY RECYCLING MARKET 2020-2028

Market By Application, Chemist ..

VIEW REPORT
ASIA-PACIFIC ENERGY HARVESTING MARKET 2020-2028
Energy, Power & Utilities

ASIA-PACIFIC ENERGY HARVESTING MARKET 2020-2028

Market By Source, System, Appl ..

VIEW REPORT
ASIA-PACIFIC FLOATING POWER PLANT MARKET 2019-2027
Energy, Power & Utilities

ASIA-PACIFIC FLOATING POWER PLANT MARKET 2019-2027

Market By Source, Capacity And ..

VIEW REPORT

Table of Content

1.    GLOBAL 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. PORTERS 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.    GLOBAL FUEL CELL INDUSTRY OUTLOOK - BY APPLICATION

3.1. TRANSPORTATION

3.2. STATIONARY

3.3. PORTABLE

4.    GLOBAL 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.    GLOBAL FUEL CELL INDUSTRY – REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1. MARKET BY APPLICATION

5.1.2. MARKET BY TYPE

5.1.3. COUNTRY ANALYSIS

5.1.3.1.      UNITED STATES

5.1.3.2.      CANADA

5.2. EUROPE

5.2.1. MARKET BY APPLICATION

5.2.2. MARKET BY TYPE

5.2.3. COUNTRY ANALYSIS

5.2.3.1.      UNITED KINGDOM

5.2.3.2.      GERMANY

5.2.3.3.      FRANCE

5.2.3.4.      SPAIN

5.2.3.5.      ITALY

5.2.3.6.      RUSSIA

5.2.3.7.      REST OF EUROPE

5.3. ASIA PACIFIC

5.3.1. MARKET BY APPLICATION

5.3.2. MARKET BY TYPE

5.3.3. COUNTRY ANALYSIS

5.3.3.1.      CHINA

5.3.3.2.      JAPAN

5.3.3.3.      INDIA

5.3.3.4.      SOUTH KOREA

5.3.3.5.      ASEAN COUNTRIES

5.3.3.6.      AUSTRALIA & NEW ZEALAND

5.3.3.7.      REST OF ASIA PACIFIC

5.4. LATIN AMERICA

5.4.1. MARKET BY APPLICATION

5.4.2. MARKET BY TYPE

5.4.3. COUNTRY ANALYSIS

5.4.3.1.      BRAZIL

5.4.3.2.      MEXICO

5.4.3.3.      REST OF LATIN AMERICA

5.5. MIDDLE EAST & AFRICA

5.5.1. MARKET BY APPLICATION

5.5.2. MARKET BY TYPE

5.5.3. COUNTRY ANALYSIS

5.5.3.1.      UNITED ARAB EMIRATES

5.5.3.2.      TURKEY

5.5.3.3.      SAUDI ARABIA

5.5.3.4.      SOUTH AFRICA

5.5.3.5.      REST OF MIDDLE EAST & AFRICA

6.    COMPETITIVE LANDSCAPE

6.1. HITACHI LTD

6.2. GENERAL ELECTRIC COMPANY

6.3. EXXON MOBIL CORPORATION

6.4. AFC ENERGY PLC

6.5. FUEL CELL 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 table

TABLE 1: GLOBAL FUEL CELL MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: PROMINENT INVESTMENT IN FUEL CELLS

TABLE 3: FUEL CELL TECHNOLOGIES OFFICE R&D BUDGET IN UNITED STATES, 2015-2017 ($ MILLIONS)

TABLE 4: VENDOR SCORECARD

TABLE 5: REGULATORY FRAMEWORK

TABLE 6: TYPICAL STACK SIZE OF DIFFERENT FUEL CELL TECHNOLOGIES

TABLE 7: ENERGY CONVERSION EFFICIENCY OF DIFFERENT ENERGY SOURCES

TABLE 8: ESTIMATED NUMBER OF FCEV’S ON ROAD IN KEY GEOGRAPHIES, 2014- 2020

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

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

TABLE 11: GLOBAL FUEL CELL MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 12: NORTH AMERICA FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 13: NORTH AMERICA FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 14: NORTH AMERICA FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 15: EUROPE FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 16: EUROPE FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 17: EUROPE FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 18: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 19: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 20: ASIA PACIFIC FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 21: LATIN AMERICA FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 22: LATIN AMERICA FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 23: LATIN AMERICA FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 24: MIDDLE EAST & AFRICA FUEL CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25: MIDDLE EAST & AFRICA FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 26: MIDDLE EAST & AFRICA FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

List of Figures

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

FIGURE 2: NETL’S SOFC PROGRAM

FIGURE 3: FUEL CELL COMPONENTS R&D IN CHINA

FIGURE 4: MARKET ATTRACTIVENESS INDEX

FIGURE 5: INDUSTRY COMPONENTS

FIGURE 6: KEY IMPACT ANALYSIS

FIGURE 7: INDUSTRY PLAYER POSITIONING IN 2018 (IN %)

FIGURE 8: FUEL CELL SYSTEM COSTS ($)

FIGURE 9: ESTIMATED NUMBER OF HYDROGEN FUELING STATIONS IN KEY GEOGRAPHIES, 2014-2020

FIGURE 10: GLOBAL FUEL CELL MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL FUEL CELL MARKET, BY STATIONARY, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL FUEL CELL MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL FUEL CELL MARKET, BY SOLID OXIDE FUEL CELLS (SOFC), 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL FUEL CELL MARKET, BY PHOSPHORIC ACID FUEL CELLS (PAFC), 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL FUEL CELL MARKET, BY MOLTEN CARBONATE FUEL CELLS (MCFC), 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL FUEL CELL MARKET, BY PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC), 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL FUEL CELL MARKET, BY OTHER FUEL CELLS, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL FUEL CELL MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

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

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

FIGURE 21: UNITED KINGDOM FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

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

FIGURE 23: FRANCE FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SPAIN FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: ITALY FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: RUSSIA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: REST OF EUROPE FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: CHINA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: JAPAN FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: INDIA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: SOUTH KOREA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: ASEAN COUNTRIES FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: REST OF ASIA PACIFIC FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: BRAZIL FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: MEXICO FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: REST OF LATIN AMERICA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: UNITED ARAB EMIRATES FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: TURKEY FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: SAUDI ARABIA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: SOUTH AFRICA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: REST OF MIDDLE EAST & AFRICA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$2,750.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$4,000.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

;