Fuel Cell Market by Type (Solid Oxide Fuel Cells, Proton Exchange Membrane Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cells, and Others), and by Application (Portable, Stationary, Transport)

  • ID: 4060398
  • Report
  • Region: Global
  • 106 pages
  • Allied Analytics LLP
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The Global Fuel Cell Market is Expected to Garner $8,643 Million by 2022

FEATURED COMPANIES

  • AFC Energy Plc
  • Ballard Pwer Systems Inc.
  • Fuel Cell Energy Inc.
  • Hydrgenics
  • ITM Pwer Plc
  • Plug Pwer Inc.
  • MORE

The global fuel cell market is expected to grow at a CAGR of 17.36% from 2016 to 2022 to reach $8,643 million by 2022 from $2,894 million in 2015. A fuel cell is a device that converts chemical energy into electrical energy through a chemical reaction of positively charged oxygen with hydrogen ion or another oxidizing agent. Fuel cells are different for batteries, as they require a source of fuel and oxygen or air to continue the chemical reaction. Fuel cells can produce electricity continuously for a long time as these inputs are supplied. Fuel cells have a higher efficiency as compared to gas or diesel engines. Fuel cells operate silently as compared to others engines. They are therefore suited for use within buildings such as hospitals and others. Fuel cells eliminate pollution caused by burning fossil fuels. Fuel cells do not need conventional fuels such as oil or gas and can therefore reduce economic dependence on oil producing countries, creating greater energy security for the user nation.

The fuel cell market is expected to register a substantial growth in the near future, attributed to strict government regulations to curtail increasing pollution. Moreover, increase in the distributed power system and high efficiency of fuel cells are the drivers for the fuel cell market. However, factors such as lack of fuel cell infrastructure and high cost of catalyst leading to a higher cost of fuel cells are likely to restrain the growth of the fuel cell market. Demand for fuel cell vehicles and new technology in fuel cells are opportunities for fuel cell market.

The report segments the fuel cell market on the basis of application, type, and geography. On the basis of application, the market is segmented into stationary, portable, and transport. Based on type, the market is divided into solid oxide fuel cell (SOFC), Hydrogen fuel cell, polymer exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), phosphoric acid fuel cell (PAFC), and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players profiled in the report include

  • Ballard Power Systems Inc.
  • Plug Power Inc.
  • Proton Power Systems PLC
  • ITM Power Plc
  • AFC Energy Plc
  • Fuel Cell Energy Inc.
  • SFC Energy
  • United Technologies
  • Hydrogenics
  • Fuji Electric India Pvt. Ltd.

KEY BENEFITS FOR STAKEHOLDERS:

  • This report provides an extensive analysis f the current and emerging market trends and dynamics in the global fuel cell market.
  • Competitive intelligence (f leading manufacturers and distributors fuel cell) helps in understanding the competitive scenario across the geographies.
  • This report entails the detailed quantitative analysis f the current market and estimations through 2014-2022, which assist in identifying the prevailing market opportunities.
  • Recent developments, key manufacturers, their market shares, and upcoming products have been listed.
  • Exhaustive analysis for the global fuel cell market by type, which helps in clear understanding market trends.
  • Comprehensive analysis for all regions is provided that determines the prevailing opportunities in these geographies.
  • The report provides micro level analysis for various segments based n applications, type of fuels and geography, which brings a crystal clear picture of the market

KEY MARKET SEGMENTS:

By Product Type

  • Solid oxide Fuel Cells (SFC)
  • Proton Exchange Membrane Fuel Cells (PEMFC)
  • Molten Carbonate Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Others (Direct Methanol Fuel Cells, Alkaline Fuel Cells, Direct Carbon Fuel Cells)

By Application

  • Portable
  • Stationary
  • Transport

By Geography

  • North America
  • U.S.
  • Mexico
  • Canada
  • Europe
  • UK
  • Russia
  • Germany
  • France
  • Norway
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AFC Energy Plc
  • Ballard Pwer Systems Inc.
  • Fuel Cell Energy Inc.
  • Hydrgenics
  • ITM Pwer Plc
  • Plug Pwer Inc.
  • MORE

Chapter: 1 Introduction

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools And Models

Chapter: 2 Executive Summary

2.1 Overview
2.2 Market Snapshot
2.3 Cxo Perspective

Chapter: 3 Market Overview

3.1 Market Definition And Scope
3.2 Key Findings
3.2.1 Top Impacting Factor
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets
3.3 Porters Five Forces Analysis
3.3.1 Moderate Bargaining Power Of Suppliers Due To Large Number Of Suppliers, Low Backward Integration And Low Switching Cost
3.3.2 Moderate Bargaining Power Of Buyers Due To High Demand, Availability Of Substitutes And Limited Players That Provide Quality Product
3.3.3 Availability Of Substitutes And High Cost Of Fuel Cells Increases Threat Of Substitutes
3.3.4 Moderate Threat Of New Entrants Due To Presence Of Dominant Players, Strict Government Regulations Towards The Environment
3.3.5 Presence Of Numerous Players, Low Brand Loyalty, Low Switching Cost Increases The Competition Among Rivalries
3.4 Drivers
3.4.1 Strict Government Regulations To Control Increasing Pollution
3.4.2 Increase In Distributed Power System
3.4.3 High Efficiency Of Fuel Cell Than Other Power Generating System
3.5 Restraints
3.5.1 High Cost Of Catalyst Leads To Higher Cost Of Fuel Cell
3.5.2 Lack Of Fuel Infrastructure
3.6 Opportunities
3.6.1 Demand Of Fuel Cell Vehicles And New Technology In The Fuel Cell

Chapter: 4 Global Fuel Cell Market, By Type

4.1 Introduction
4.2 Solid Oxide Fuel Cells (Sofc)
4.2.1 Key Market Trends
4.2.2 Key Growth Factors And Opportunities
4.2.3 Market Size And Forecast
4.2.4 North America Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.2.5 Europe Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.2.6 Asia-Pacific Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.2.7 Lamea Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.3 Proton Exchange Membrane Fuel Cells (Pemfc)
4.3.1 Key Market Trends
4.3.2 Key Growth Factors And Opportunities
4.3.3 Market Size And Forecast
4.3.4 North America Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.3.5 Europe Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.3.6 Asia-Pacific Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.3.7 Lamea Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.4 Molten Carbonate Fuel Cells (Mcfc)
4.4.1 Key Market Trends
4.4.2 Key Growth Factors And Opportunities
4.4.3 Market Size And Forecast
4.4.4 North America Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.4.5 Europe Molten Carbonate Fuel Cellmarket, ($Million), Growth (%) 2014-2022
4.4.6 Asia-Pacific Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.4.7 Lamea Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.5 Phosphoric Acid Fuel Cell (Pafc)
4.5.1 Key Market Trends
4.5.2 Key Growth Factors And Opportunities
4.5.3 Market Size And Forecast
4.5.4 North America Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.5.5 Europe Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.5.6 Asia-Pacific Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.5.7 Lamea Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
4.6 Others (Direct Methanol Fuel Cells (Dmfc), Alkaline Fuel Cells (Afc), Direct Carbon Fuel Cells (Dcfc))
4.6.1 Key Market Trends
4.6.2 Key Growth Factors And Opportunities
4.6.3 Market Size And Forecast
4.6.4 North America Others Market, ($Million), Growth (%) 2014-2022
4.6.5 Europe Other Fuel Cells Market, ($Million), Growth (%) 2014-2022
4.6.6 Asia-Pacific Other Fuel Cells Market, ($Million), Growth (%) 2014-2022
4.6.7 Lamea Other Fuel Cells Market, ($Million), Growth (%) 2014-2022

Chapter: 5 Global Fuel Cell Market By Application
5.1 Introduction
5.2 Portable
5.2.1 Key Market Trends
5.2.2 Key Growth Factors And Opportunities
5.2.3 Market Size And Forecast
5.2.4 North America Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.2.5 Europe Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.2.6 Asia Pacific Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.2.7 Lamea Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.3 Stationary
5.3.1 Key Market Trends
5.3.2 Key Growth Factors And Opportunities
5.3.3 Market Size And Forecast
5.3.4 North America Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.3.5 Europe Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.3.6 Asia-Pacific Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.3.7 Lamea Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.4 Transport
5.4.1 Key Market Trends
5.4.2 Key Growth Factors And Opportunities
5.4.3 Market Size And Forecast
5.4.4 North America Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.4.5 Europe Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.4.6 Asia-Pacific Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
5.4.7 Lamea Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022

Chapter: 6 Global Fuel Cell Market By Geography

6.1 Overview
6.2 North America
6.2.1 Key Market Trends
6.2.2 Key Growth Factors And Opportunities
6.2.3 Market Size And Forecast
6.2.4 U.S. Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.2.5 Canada Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.2.6 Mexico Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.3 Europe
6.3.1 Key Market Trends
6.3.2 Key Growth Factors And Opportunities
6.3.3 Market Size And Forecast
6.3.4 Uk Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.3.5 Russia Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.3.6 Germany Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.3.7 France Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.3.8 Norway Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.3.9 Rest Of Europe Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.4 Asia-Pacific
6.4.1 Key Market Trends
6.4.2 Key Growth Factors And Opportunities
6.4.3 Market Size And Forecast
6.4.4 China Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.4.5 India Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.4.6 Japan Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.4.7 Taiwan Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.4.8 South Korea Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.4.9 Rest Of Asia-Pacific Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.5 Lamea
6.5.1 Key Market Trends
6.5.2 Key Growth Factors And Opportunities
6.5.3 Market Size And Forecast
6.5.4 Latin America Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.5.5 Middle East Fuel Cell Market, ($Million), Growth (%) 2014-2022
6.5.6 Africa Fuel Cell Market, ($Million), Growth (%) 2014-2022

Chapter: 7 Company Profiles

7.1 Ballard Power Systems Inc.
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segment
7.1.4 Business Performance
7.1.5 Key Strategic Moves And Development
7.2 Plug Power Inc.
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segment
7.2.4 Business Performance
7.2.5 Key Strategic Moves And Development
7.3 Proton Power Systems Plc
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segment
7.3.4 Business Performance
7.3.5 Key Strategic Moves And Development
7.4 ITM Power Plc
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segment
7.4.4 Business Performance
7.4.5 Key Strategic Moves And Development
7.5 AFC Energy Plc
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segment
7.5.4 Business Performance
7.5.5 Key Strategic Moves And Development
7.6 Fuel Cell Energy Inc.
7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segment
7.6.4 Business Performance
7.6.5 Key Strategic Moves And Development
7.7 SFC Energy
7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Operating Business Segment
7.7.4 Business Performance
7.7.5 Key Strategic Moves And Development
7.8 United Technologies
7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 Operating Business Segment
7.8.4 Business Performance
7.8.5 Key Strategic Moves And Development
7.9 Hydrogenics
7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 Operating Business Segment
7.9.4 Business Performance
7.9.5 Key Strategic Moves And Development
7.10 Fuji Electric India Pvt Ltd.
7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 Operating Business Segment
7.10.4 Business Performance
7.10.5 Key Strategic Moves And Development
List of Tables

Table 1 Global Fuel Cell Market Snapshot
Table 2 Comparison Of Different Power Generating System
Table 3 Global Solid Oxide Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 4 North America Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 5 Europe Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 6 Asia-Pacific Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 7 Lamea Solid Oxide Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 8 Global Pem Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 9 North America Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 10 Europe Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 11 Asia-Pacific Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 12 Lamea Pem Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 13 Global Molten Carbonate Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 14 North America Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 15 Europe Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 16 Asia-Pacific Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 17 Lamea Molten Carbonate Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 18 Global Phosphoric Acid Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 19 North America Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 20 Europe Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 21 Asia-Pacific Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 22 Lamea Phosphoric Acid Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 23 Global Other Fuel Cells Market, ($Million), Growth (%)2014-2022
Table 24 North America Other Fuel Cells Market, ($Million), Growth (%) 2014-2022
Table 25 Europe Other Fuel Cells Market, ($Million), Growth (%) 2014-2022
Table 26 Asia-Pacific Other Fuel Cells Market, ($Million), Growth (%) 2014-2022
Table 27 Lamea Other Fuel Cells Market, ($Million), Growth (%) 2014-2022
Table 28 Global Portable Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 29 North America Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 30 Europe Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 31 Asia Pacific Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 32 Lamea Portable Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 33 Global Stationary Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 34 North America Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 35 Europe Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 36 Asia-Pacific Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 37 Lamea Stationary Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 38 Global Transport Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 39 North America Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 40 Europe Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 41 Asia-Pacific Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 42 Lamea Transport Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 43 North America Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 44 U.S. Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 45 Canada Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 46 Mexico Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 47 Europe Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 48 U.K Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 49 Russia Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 50 Germany Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 51 France Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 52 Norway Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 53 Rest Of Europe Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 54 Asia-Pacific Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 55 China Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 56 India Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 57 Japan Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 58 Taiwan Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 59 South Korea Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 60 Rest Of Asia-Pacific Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 61 Lamea Fuel Cell Market, ($Million), Growth (%)2014-2022
Table 62 Latin America Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 63 Middle East Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 64 Africa Fuel Cell Market, ($Million), Growth (%) 2014-2022
Table 65 Ballard Power Systems Inc: Company Snapshot
Table 66 Ballard Power Systems Inc: Operating Segments
Table 67 Plug Power Inc: Company Snapshot
Table 68 Plug Power Inc: Operating Segments
Table 69 Proton Power Systems Plc: Company Snapshot
Table 70 Proton Power Systems Plc: Operating Segments
Table 71 Itm Power Plc: Company Snapshot
Table 72 Itm Power Plc: Operating Segments
Table 73 Afc Energy Plc: Company Snapshot
Table 74 Afc Energy Plc: Operating Segments
Table 75 Fuel Cell Energy Inc: Company Snapshot
Table 76 Fuel Cell Energy Inc: Operating Segments
Table 77 Sfc Energy: Company Snapshot
Table 78 Sfc Energy: Operating Segments
Table 79 United Technologies: Company Snapshot
Table 80 United Technologies: Operating Segments
Table 81 Hydrogenics: Company Snapshot
Table 82 Hydrogenics: Operating Segments
Table 83 Fuji Electric India Pvt Ltd: Company Snapshot
Table 84 Fuji Electric India Pvt Ltd: Operating Segments

List of Figures

Fig. 1 Top Impacting Factors
Fig. 2 Top Winning Strategies In The Fuel Cell Market (2013-2016)
Fig. 3 Top Winning Strategies (%) (2013-2016)
Fig. 4 Top Investment Pockets
Fig. 5 Porters Five Forces Analysis Of Fuel Cell Market
Fig. 6 Market Share Analysis Of Fuel Cell Market, 2015
Fig. 7 Co2 Emission By Different Engines
Fig. 8 Nox Emission By Different Engines
Fig. 9 Sox Emission By Different Engines
Fig. 10 Noise By Different Engines
Fig. 11 Global Distribution Power Capacity Addition
Fig. 12 Flow Diagram Of Solid Oxide Fuel Cell With Combined Cycle
Fig. 13 Material Cost Of Pem Fuel Cell
Fig. 14 Annual Fuel Cell Car And Bus Sales By Region (Units) 2015-2022
Fig. 15 Global Fuel Cell Market By Type, 2015
Fig. 16 Global Solid Oxide Fuel Cell Market, By, Year On Year Growth (%), 2015-2022
Fig. 17 Global Pem Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 18 Global Molten Carbonate Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 19 Global Phosphoric Acid Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 20 Global Other Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 21 Global Fuel Cell Market By Application, 2015
Fig. 22 Global Portable Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 23 Global Stationary Fuel Cell Market, By, Year On Year Growth (%), 2015-2022
Fig. 24 Global Transport Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 25 Global Fuel Cell Market By Geography, 2015
Fig. 26 North America Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 27 Europe Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 28 Asia-Pacific Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 29 Lamea Fuel Cell Market, Year On Year Growth (%), 2015-2022
Fig. 30 Ballard Power Systems Inc: Revenue, By Business Segment (%), 2015
Fig. 31 Ballard Power Systems Inc: Revenue, By Geography (%), 2015
Fig. 32 Plug Power Inc: Revenue, By Business Segment (%), 2015
Fig. 33 Plug Power Inc: Revenue, By Geography (%), 2015
Fig. 34 Proton Power Systems Plc: Revenue, By Business Segment (%), 2015
Fig. 35 Proton Power Systems Plc: Revenue, By Geography (%), 2015
Fig. 36 Itm Power Plc: Revenue, By Business Segment (%), 2015
Fig. 37 Itm Power Plc: Revenue, By Geography (%), 2015
Fig. 38 Afc Energy Plc: Revenue, By Business Segment (%), 2015
Fig. 39 Afc Energy Plc: Revenue, By Geography (%), 2015
Fig. 40 Fuel Cell Energy Inc: Revenue, By Business Segment (%), 2015
Fig. 41 Fuel Cell Energy Inc: Revenue, By Geography (%), 2015
Fig. 42 Sfc Energy: Revenue, By Business Segment (%), 2015
Fig. 43 Sfc Energy: Revenue, By Geography (%), 2015
Fig. 44 United Technologies: Revenue, By Business Segment (%), 2015
Fig. 45 United Technologies: Revenue, By Geography (%), 2015
Fig. 46 Hydrogenics: Revenue, By Business Segment (%), 2015
Fig. 47 Hydrogenics: Revenue, By Geography (%), 2015
Fig. 48 Fuji Electric India Pvt Ltd: Revenue, By Business Segment (%), 2015
Fig. 49 Fuji Electric India Pvt Ltd: Revenue, By Geography (%), 2015

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FEATURED COMPANIES

  • AFC Energy Plc
  • Ballard Pwer Systems Inc.
  • Fuel Cell Energy Inc.
  • Hydrgenics
  • ITM Pwer Plc
  • Plug Pwer Inc.
  • MORE

Fuel Cell Market Report forecasts that the global market is expected to garner $8,643 Million by 2022, registering a CAGR of 17.36% during the period 2016 - 2022. In 2015, the proton exchange membrane fuel cells occupied two-fifths of the total share by volume.

Strict governmental regulations, increase in distributed power systems, and high efficiency of fuel cells are the major driving forces that will escalate the demand for fuel cells with applications in automation and powergenerationset ups. Unlike conventional power generation sources, fuel cells do not emit hazardous gases and pollution that is harmful to the environment. Also, depletion of natural resources, carbon emissions, and rising cost of fossil fuels is paving the way for alternate means of transportation and power generation. Therefore, both public and private sectors have taken continuous efforts to reduce carbon emissions and save fuel. Strict government regulations related to CO2 & SO2 emissions is driving the fuel cell market. In addition, the Go Green revolution is also driving the growth of the market. Stringent government regulations related to carbon emissions are expected to propel the growth of the fuel cell market during the forecast period. Furthermore, stationary fuel cells can be used as a means of distributed power generation, which offers various advantages. Power is generated near the consumer area and so the loss of energy in transmission is extremely small in comparison with the losses seen in large and centralized generation systems.

Lack of fuel cell infrastructure coupled with high cost of the catalyst that is required for catalytic reactions infuelcellsare restraining the growth of the market. However, new technological advancement in the fuel cell technology leads to the development of new types of fuel cell such as Solid oxide fuel cell (SOFC), Polymer exchange membrane fuel cell (PEMFC), Molten carbonate fuel cell (MCFC), Phosphoric acid fuel cell (PAFC) and others, which help in reducing the cost of the fuel cell.

Key Findings of Fuel Cell Market:

  • Molten carbonate fuel cells (MCFC) occupied approximately two-fifths of the total share in 2015.
  • Solid oxide fuel cell market is anticipated to expand with a CAGR of 18.54% during 2016-2022.
  • LAMEA is projected to be the fastest growing market in proton exchange membrane fuel cells market with a CAGR of 24.74% during the forecast period.
  • Stationary fuel cells dominated the market in 2015 occupying approximately three fourths of the total share in terms of application.
  • The transport fuel cell market in Asia-Pacific is anticipated to grow with a CAGR of 30.13%
  • In 2015, Asia-Pacific dominated the fuel cell market occupying more than three fifths of the total share in terms of geography.
  • With a CAGR of 26.62% during the forecast period, India is projected to be the fastest growing market in fuel cells.
  • The rising automotive business and growing electronic sector in China and India is gaining traction. In addition, Japan is the largest market in Asia-Pacific for fuel cells, which is followed by China and South Korea. In addition, the demand for fuel cells is anticipated to grow in countries such as Australia, India, and Singapore, which would further support the market in different industry verticals.

The prominent market players include Ballard Power Systems Inc., Plug Power Inc., Proton Power Systems PLC, ITM Power Plc, AFC Energy Plc, Fuel Cell Energy Inc., SFC Energy, United Technologies, Hydrogenics, and Fuji Electric India Pvt. Ltd.

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  • AFC Energy Plc
  • Ballard Pwer Systems Inc.
  • Fuel Cell Energy Inc.
  • Fuji Electric India Pvt. Ltd.
  • Hydrgenics
  • ITM Pwer Plc
  • Plug Pwer Inc.
  • Prtn Pwer Systems PLC
  • SFC Energy
  • United Technlgies
Note: Product cover images may vary from those shown
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