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Hydrogen Fuel Cells Global Market Report 2021: COVID-19 Growth and Change

  • ID: 5504450
  • Report
  • November 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • AFC Energy
  • Ballard Power Systems
  • Doosan Fuel Cell
  • FuelCell Energy
  • Hydrogenics
  • Hyster-Yale
Hydrogen Fuel Cells Global Market Report 2021: COVID-19 Growth And Change provides the strategists, marketers and senior management with the critical information they need to assess the global hydrogen fuel cells market. This report focuses on hydrogen fuel cells market which is experiencing strong growth. The report gives a guide to the hydrogen fuel cells market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.



Reasons to Purchase:


  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for the hydrogen fuel cells? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hydrogen Fuel Cells market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hydrogen fuel cells market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The hydrogen fuel cells market section of the report gives context. It compares the hydrogen fuel cells market with other segments of the hydrogen fuel cells market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, hydrogen fuel cells indicators comparison.

Scope


Markets Covered:


  • By Type: Polymer Exchange Membrane Fuel Cells (PEMFC); Direct Methanol Fuel Cells (DMFC); Solid Oxide Fuel Cells (SOFC); Others
  • By Application: Stationary; Transport; Portable
  • By End User: Fuel Cell Vehicles; Utilities; Defense

Companies Mentioned:


Panasonic; Intelligent Energy Holdings; FuelCell Energy; Plug Power; Hyster-Yale

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series:


Five years historic and ten years forecast.

Data:


Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data Segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing

: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Hydrogen Fuel Cells Market

What is the estimated value of the Global Hydrogen Fuel Cells Market?

The Global Hydrogen Fuel Cells Market was estimated to be valued at $3.9 billion in 2021.

What is the growth rate of the Global Hydrogen Fuel Cells Market?

The growth rate of the Global Hydrogen Fuel Cells Market is 43.9%, with an estimated value of $16.5 billion by 2025.

What is the forecasted size of the Global Hydrogen Fuel Cells Market?

The Global Hydrogen Fuel Cells Market is estimated to be worth $16.5 billion by 2025.

Who are the key companies in the Global Hydrogen Fuel Cells Market?

Key companies in the Global Hydrogen Fuel Cells Market include Panasonic, Intelligent Energy Holdings, FuelCell Energy, Plug Power, Hyster, Yale, Doosan Fuel Cell, Ballard Power Systems and Pearl Hydrogen.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AFC Energy
  • Ballard Power Systems
  • Doosan Fuel Cell
  • FuelCell Energy
  • Hydrogenics
  • Hyster-Yale

1. Executive Summary2. Hydrogen Fuel Cells Market Characteristics3. Hydrogen Fuel Cells Market Trends and Strategies4. Impact Of COVID-19 On Hydrogen Fuel Cells
5. Hydrogen Fuel Cells Market Size and Growth
5.1. Global Hydrogen Fuel Cells Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Hydrogen Fuel Cells Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Hydrogen Fuel Cells Market Segmentation
6.1. Global Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Polymer Exchange Membrane Fuel Cells (PEMFC)
  • Direct Methanol Fuel Cells (DMFC)
  • Solid Oxide Fuel Cells (SOFC)
  • Others
6.2. Global Hydrogen Fuel Cells Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Stationary
  • Transport
  • Portable
6.3. Global Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Fuel Cell Vehicles
  • Utilities
  • Defense

7. Hydrogen Fuel Cells Market Regional and Country Analysis
7.1. Global Hydrogen Fuel Cells Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Hydrogen Fuel Cells Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Hydrogen Fuel Cells Market
8.1. Asia-Pacific Hydrogen Fuel Cells Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Hydrogen Fuel Cells Market
9.1. China Hydrogen Fuel Cells Market Overview
9.2. China Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Hydrogen Fuel Cells Market
10.1. India Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Hydrogen Fuel Cells Market
11.1. Japan Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Hydrogen Fuel Cells Market
12.1. Australia Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Hydrogen Fuel Cells Market
13.1. Indonesia Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Hydrogen Fuel Cells Market
14.1. South Korea Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Hydrogen Fuel Cells Market
15.1. Western Europe Hydrogen Fuel Cells Market Overview
15.2. Western Europe Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Hydrogen Fuel Cells Market
16.1. UK Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Hydrogen Fuel Cells Market
17.1. Germany Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Hydrogen Fuel Cells Market
18.1. France Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.2. France Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Hydrogen Fuel Cells Market
19.1. Eastern Europe Hydrogen Fuel Cells Market Overview
19.2. Eastern Europe Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Hydrogen Fuel Cells Market
20.1. Russia Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Hydrogen Fuel Cells Market
21.1. North America Hydrogen Fuel Cells Market Overview
21.2. North America Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Hydrogen Fuel Cells Market
22.1. USA Hydrogen Fuel Cells Market Overview
22.2. USA Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Hydrogen Fuel Cells Market
23.1. South America Hydrogen Fuel Cells Market Overview
23.2. South America Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Hydrogen Fuel Cells Market
24.1. Brazil Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Hydrogen Fuel Cells Market
25.1. Middle East Hydrogen Fuel Cells Market Overview
25.2. Middle East Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Hydrogen Fuel Cells Market
26.1. Africa Hydrogen Fuel Cells Market Overview
26.2. Africa Hydrogen Fuel Cells Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Hydrogen Fuel Cells Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Hydrogen Fuel Cells Market Competitive Landscape and Company Profiles
27.1. Hydrogen Fuel Cells Market Competitive Landscape
27.2. Hydrogen Fuel Cells Market Company Profiles
27.2.1. Panasonic
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Intelligent Energy Holdings
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. FuelCell Energy
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Plug Power
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Hyster-Yale
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions In the Hydrogen Fuel Cells Market29. Hydrogen Fuel Cells Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AFC Energy
  • Ballard Power Systems
  • Doosan Fuel Cell
  • FuelCell Energy
  • Hydrogenics
  • Hyster-Yale
Major players in the hydrogen fuel cells market are Panasonic, Intelligent Energy Holdings, FuelCell Energy, Plug Power, Hyster-Yale, Doosan Fuel Cell, Ballard Power Systems, Nedstack fuel cell technology, Pearl Hydrogen, Hydrogenics, Horizon Fuel Cell Technologies, Toshiba Energy Systems, Mitsubishi Hitachi Power Systems, AFC Energy, and Sunrise Power.

The main types of products in hydrogen fuel cells are polymer exchange membrane fuel cells, direct methanol fuel cells, solid oxide fuel cells, and others. Polymer exchange membrane fuel cells are a type of hydrogen fuel cell that converts the chemical energy of a fuel such as hydrogen into electricity. These hydrogen fuel cells are used in various areas including stationery, transportation, portable fuel cell vehicles, utilities for generating power, and defense.

The global hydrogen fuel cells market is expected to grow from $2.78 billion in 2020 to $3.85 billion in 2021 at a compound annual growth rate (CAGR) of 38.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.50 billion in 2025 at a CAGR of 43.8%.

The hydrogen fuel cell market consists of sales of hydrogen fuel cells that use the chemical energy of hydrogen to produce electricity. A hydrogen fuel cell is a device that converts hydrogen into clean energy and electricity by a chemical reaction and the by-products of this chemical reaction are electricity, water, heat. Hydrogen fuel cells can be used in a wide range of applications such as cars, buildings, electronic devices, trucks, and backup power systems.

Asia Pacific was the largest region in the hydrogen fuel cell market in 2020. North America was the second-largest market in the hydrogen fuel cell market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The growing demand for fuel cell electric vehicles around the world is contributing to the growth of the hydrogen fuel cell market. Fuel cell electric vehicles (FCEVs) powered by hydrogen are called hydrogen fuel cell vehicles. The surge in demand for fuel cell electric vehicles leads to increased demand for hydrogen fuel cells. For example, according to the Passenger Hydrogen Fuel Cell Vehicles report, the sales of hydrogen fuel cell vehicles reached 27,500 in 2020. Moreover, the sales of passenger fuel cell vehicles reached 8,500 in 2020, the highest annual sales compared to any of previous years. Rising sales in fuel cell electric vehicles demonstrate the growing demand for fuel cell electric vehicles, thereby contributing to the growth of the hydrogen fuel cell market.

The companies in the hydrogen fuel cell market are developing new technologies to reduce the weight, manufacturing costs, and component requirements of hydrogen fuel cells. Advances in technologies improve the efficiency of hydrogen fuel cells. For example, in July 2021, Hyzon Motors Inc., a US-based manufacturer of commercial vehicles powered by zero-emission hydrogen fuel cells announced a new commercial vehicle that could reduce the weight and manufacturing costs of a commercial vehicle powered by Hyzon's hydrogen fuel. The system's metal structure is integrated with lightweight composite materials in this revolutionary technology.

In April 2021, Alstom, a France-based company engaged in developing and marketing mobility solutions that provide the sustainable foundations for the future of transportation acquired Helion Hydrogen Power for an undisclosed amount. Through this acquisition, Alstom expands its portfolio of innovative & competitive solutions products and strengthens its expertise in sustainable intelligent mobility. Helion Hydrogen Power is a France-based company that is engaged in the designing and manufacturing of hydrogen fuel cell modules for rail and marine applications.

The countries covered in the hydrogen fuel cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Panasonic
  • Intelligent Energy Holdings
  • FuelCell Energy
  • Plug Power
  • Hyster-Yale
  • Doosan Fuel Cell
  • Ballard Power Systems
  • Nedstack fuel cell technology
  • Pearl Hydrogen
  • Hydrogenics
  • Horizon Fuel Cell Technologies
  • Toshiba Energy Systems
  • Mitsubishi Hitachi Power Systems
  • AFC Energy
  • Sunrise Power
Note: Product cover images may vary from those shown

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