NORTH AMERICA FUEL CELL MARKET 2019-2027

Energy, Power & Utilities | Power

NORTH AMERICA FUEL CELL MARKET 2019-2027

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

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According to the Triton’s market research, the North America fuel cell market is expected to grow with CACR of 18.33% over the forecast period of 2019-2027.

A fuel cell is a device used to generate electricity through chemical reactions. Due to its various advantages like fewer emissions, environment-friendly and longer life span, the market is growing at a faster rate globally. With the fuel cell’s rising applications across various industries and the adoption of technology worldwide, the market shows tremendous potential in the coming years.

The North America fuel cell market includes countries such as;

•           The United States

•           Canada

North America fuel cell market is expected to grow with CACR of 18.33% over the forecast period of 2019-2027.We provide additional customization based on your specific requirements. Request For Customization

In North America, the advancement in various industries and developing technology raise the fuel cell market. The United States holds the dominant share of North America fuel cell market. Many countries are promoting initiatives for the adoption of fuel cell technologies in the industrial sector. The primary driver of fuel cell market is favorable government norms and policies which fuels the investments, thereby escalating its market growth in the region. The Government funds the private players to invest in the adoption, research and development and expansion of fuel cells.

Rising utilization of fuel cells in transportation with the growth of electric vehicles and hybrid vehicles, logistics and other industries grew its demand in the region. The use of hydrogen & fuel cell cars and buses led to zero emissions and reduced carbon dioxide in the environment. Moreover, the growing automotive sector, installations of power plants and data centers has driven the market at a significant pace. The development of hydrogen refueling infrastructures along with rising demand for space heating across both commercial and residential establishments have paved the way for fuel cell market growth.

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Table of Content

1.    NORTH AMERICA 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 AND 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.    NORTH AMERICA FUEL CELL INDUSTRY OUTLOOK - BY APPLICATION

3.1. TRANSPORTATION

3.2. STATIONARY

3.3. PORTABLE

4.    NORTH AMERICA 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.    NORTH AMERICA FUEL CELL INDUSTRY – REGIONAL OUTLOOK

5.1. UNITED STATES

5.2. CANADA

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

TABLE 10: NORTH AMERICA FUEL CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 11: NORTH AMERICA FUEL CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: NORTH AMERICA 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: NORTH AMERICA FUEL CELL MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

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

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