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Global Fuel Cells Market For Industrial and Military Applications Market 2024-2028

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    Report

  • 170 Pages
  • October 2023
  • Region: Global
  • TechNavio
  • ID: 5600543
1h Free Analyst Time

Quick Summary:

In the dynamic landscape of energy production, the fuel cell market stands out as a promising avenue. As demands for efficient, clean energy increase within governmental, industrial, and environmental circles, fuel cells continue to rise as a promising solution. Fuel Cell Vehicles (FCV) in particular, fueled by significant government incentives, are driving growth in the market.

Our comprehensive fuel cell market report provides a holistic and up-to-date analysis. Key offerings include detailed trends, growth drivers, market forecasts and challenges. Within, you'll find an expansive vendor analysis, featuring the likes of Ballard Power Systems Inc., Bloom Energy Corp., Honda Motor Co. Ltd. – among 20 more. The report covers a range of product segments – PEMFC, PAFC, SOFC, others – and their applications, from transport to stationary uses. Furthermore, the report discloses the significant demand in the current fuel cell market, driven by the increasing R&D activities, adoption of microgrids, and initiatives towards hydrogen fuel usage.

Make your strategic decisions with confidence, leveraging this comprehensive analysis to capture future growth opportunities.

1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The fuel cells market for industrial and military applications is forecasted to grow by USD 1,166.49 mn during 2023-2028, accelerating at a CAGR of 14.11% during the forecast period. The report on the fuel cells market for industrial and military applications provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for efficient and cleaner technologies, rising applications of fuel cell products, and growing demand for fuel cells from military applications.

The fuel cells market for industrial and military applications is segmented as below:

By End-user

  • Industrial
  • Military

By Product

  • PEMFC
  • PAFC
  • SOFC
  • Others

By Geography

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the rise in distributed power generation as one of the prime reasons driving the fuel cells market for industrial and military applications growth during the next few years. Also, an increase in R&D in investment and activities and increasing interest in CHP will lead to sizable demand in the market.

The report on the fuel cells market for industrial and military applications covers the following areas:

  • Fuel cells market for industrial and military applications sizing
  • Fuel cells market for industrial and military applications forecast
  • Fuel cells market for industrial and military applications industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fuel cells market for industrial and military applications vendors that include Acumentrics Inc., Advent Technologies Holdings Inc., Air Liquide SA, AISIN CORP., Altergy Systems, Australian Fuel Cells Pty Ltd., Ballard Power Systems Inc., Bloom Energy Corp., Doosan Corp., Elevator World LLC, FuelCell Energy Inc., GenCell Ltd., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., Nedstack Fuel Cell Technology BV, Plug Power Inc., Redox Power Systems LLC, SFC Energy AG, Toshiba Corp., and TW Horizon Fuel Cell Technologies. Also, the fuel cells market for industrial and military applications analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Fuel Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global fuel cells market for automotive industry 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global fuel cells market for automotive industry 2017 - 2021 ($ million)
4.2 Fuel type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Fuel type Segment 2017 - 2021 ($ million)
4.3 Application Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Fuel Type
6.1 Market segments
Exhibit 30: Chart on Fuel Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Fuel Type - Market share 2022-2027 (%)
6.2 Comparison by Fuel Type
Exhibit 32: Chart on Comparison by Fuel Type
Exhibit 33: Data Table on Comparison by Fuel Type
6.3 Hydrogen - Market size and forecast 2022-2027
Exhibit 34: Chart on Hydrogen - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Hydrogen - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Hydrogen - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Hydrogen - Year-over-year growth 2022-2027 (%)
6.4 Methanol - Market size and forecast 2022-2027
Exhibit 38: Chart on Methanol - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Methanol - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Methanol - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Methanol - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Fuel Type
Exhibit 42: Market opportunity by Fuel Type ($ million)
Exhibit 43: Data Table on Market opportunity by Fuel Type ($ million)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 44: Chart on Application - Market share 2022-2027 (%)
Exhibit 45: Data Table on Application - Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 Light-duty vehicles - Market size and forecast 2022-2027
Exhibit 48: Chart on Light-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Light-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Light-duty vehicles - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Light-duty vehicles - Year-over-year growth 2022-2027 (%)
7.4 Heavy-duty vehicles - Market size and forecast 2022-2027
Exhibit 52: Chart on Heavy-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Heavy-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Heavy-duty vehicles - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Heavy-duty vehicles - Year-over-year growth 2022-2027 (%)
7.5 Others - Market size and forecast 2022-2027
Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Application
Exhibit 60: Market opportunity by Application ($ million)
Exhibit 61: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 South Korea - Market size and forecast 2022-2027
Exhibit 95: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
9.11 China - Market size and forecast 2022-2027
Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Acumentrics Inc
Exhibit 115: Acumentrics Inc - Overview
Exhibit 116: Acumentrics Inc - Product/Service
Exhibit 117: Acumentrics Inc - Key offerings
12.4 Ballard Power Systems Inc.
Exhibit 118: Ballard Power Systems Inc. - Overview
Exhibit 119: Ballard Power Systems Inc. - Product/Service
Exhibit 120: Ballard Power Systems Inc. - Key news
Exhibit 121: Ballard Power Systems Inc. - Key offerings
12.5 BorgWarner Inc.
Exhibit 122: BorgWarner Inc. - Overview
Exhibit 123: BorgWarner Inc. - Business segments
Exhibit 124: BorgWarner Inc. - Key news
Exhibit 125: BorgWarner Inc. - Key offerings
Exhibit 126: BorgWarner Inc. - Segment focus
12.6 Ceres Power Holdings plc
Exhibit 127: Ceres Power Holdings plc - Overview
Exhibit 128: Ceres Power Holdings plc - Business segments
Exhibit 129: Ceres Power Holdings plc - Key news
Exhibit 130: Ceres Power Holdings plc - Key offerings
Exhibit 131: Ceres Power Holdings plc - Segment focus
12.7 Cummins Inc.
Exhibit 132: Cummins Inc. - Overview
Exhibit 133: Cummins Inc. - Business segments
Exhibit 134: Cummins Inc. - Key offerings
Exhibit 135: Cummins Inc. - Segment focus
12.8 ElringKlinger AG
Exhibit 136: ElringKlinger AG - Overview
Exhibit 137: ElringKlinger AG - Business segments
Exhibit 138: ElringKlinger AG - Key offerings
Exhibit 139: ElringKlinger AG - Segment focus
12.9 Hyster Yale Materials Handling Inc.
Exhibit 140: Hyster Yale Materials Handling Inc. - Overview
Exhibit 141: Hyster Yale Materials Handling Inc. - Business segments
Exhibit 142: Hyster Yale Materials Handling Inc. - Key offerings
Exhibit 143: Hyster Yale Materials Handling Inc. - Segment focus
12.10 Hyundai Motor Co.
Exhibit 144: Hyundai Motor Co. - Overview
Exhibit 145: Hyundai Motor Co. - Business segments
Exhibit 146: Hyundai Motor Co. - Key news
Exhibit 147: Hyundai Motor Co. - Key offerings
Exhibit 148: Hyundai Motor Co. - Segment focus
12.11 Intelligent Energy Ltd.
Exhibit 149: Intelligent Energy Ltd. - Overview
Exhibit 150: Intelligent Energy Ltd. - Product/Service
Exhibit 151: Intelligent Energy Ltd. - Key offerings
12.12 ITM Power plc
Exhibit 152: ITM Power plc - Overview
Exhibit 153: ITM Power plc - Product/Service
Exhibit 154: ITM Power plc - Key offerings
12.13 Nedstack Fuel Cell Technology BV
Exhibit 155: Nedstack Fuel Cell Technology BV - Overview
Exhibit 156: Nedstack Fuel Cell Technology BV - Product/Service
Exhibit 157: Nedstack Fuel Cell Technology BV - Key offerings
12.14 PowerCell Sweden AB
Exhibit 158: PowerCell Sweden AB - Overview
Exhibit 159: PowerCell Sweden AB - Product/Service
Exhibit 160: PowerCell Sweden AB - Key offerings
12.15 Proton Motor Fuel Cell GmbH
Exhibit 161: Proton Motor Fuel Cell GmbH - Overview
Exhibit 162: Proton Motor Fuel Cell GmbH - Product/Service
Exhibit 163: Proton Motor Fuel Cell GmbH - Key offerings
12.16 TW Horizon Fuel Cell Technologies
Exhibit 164: TW Horizon Fuel Cell Technologies - Overview
Exhibit 165: TW Horizon Fuel Cell Technologies - Product/Service
Exhibit 166: TW Horizon Fuel Cell Technologies - Key offerings
12.17 W. L. Gore and Associates Inc.
Exhibit 167: W. L. Gore and Associates Inc. - Overview
Exhibit 168: W. L. Gore and Associates Inc. - Product/Service
Exhibit 169: W. L. Gore and Associates Inc. - Key news
Exhibit 170: W. L. Gore and Associates Inc. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 171: Inclusions checklist
Exhibit 172: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 173: Currency conversion rates for US$
13.4 Research methodology
Exhibit 174: Research methodology
Exhibit 175: Validation techniques employed for market sizing
Exhibit 176: Information sources
13.5 List of abbreviations
Exhibit 177: List of abbreviations
Exhibits:
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Fuel Type
Exhibits 6: Executive Summary - Chart on Market Segmentation by Application
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibits 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibits 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 18: Historic Market Size - Data Table on global fuel cells market for automotive industry 2017 - 2021 ($ million)
Exhibits 19: Historic Market Size - Fuel type Segment 2017 - 2021 ($ million)
Exhibits 20: Historic Market Size - Application Segment 2017 - 2021 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2022 and 2027
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 26: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 27: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 28: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 29: Chart on Market condition - Five forces 2022 and 2027
Exhibits 30: Chart on Fuel Type - Market share 2022-2027 (%)
Exhibits 31: Data Table on Fuel Type - Market share 2022-2027 (%)
Exhibits 32: Chart on Comparison by Fuel Type
Exhibits 33: Data Table on Comparison by Fuel Type
Exhibits 34: Chart on Hydrogen - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Data Table on Hydrogen - Market size and forecast 2022-2027 ($ million)
Exhibits 36: Chart on Hydrogen - Year-over-year growth 2022-2027 (%)
Exhibits 37: Data Table on Hydrogen - Year-over-year growth 2022-2027 (%)
Exhibits 38: Chart on Methanol - Market size and forecast 2022-2027 ($ million)
Exhibits 39: Data Table on Methanol - Market size and forecast 2022-2027 ($ million)
Exhibits 40: Chart on Methanol - Year-over-year growth 2022-2027 (%)
Exhibits 41: Data Table on Methanol - Year-over-year growth 2022-2027 (%)
Exhibits 42: Market opportunity by Fuel Type ($ million)
Exhibits 43: Data Table on Market opportunity by Fuel Type ($ million)
Exhibits 44: Chart on Application - Market share 2022-2027 (%)
Exhibits 45: Data Table on Application - Market share 2022-2027 (%)
Exhibits 46: Chart on Comparison by Application
Exhibits 47: Data Table on Comparison by Application
Exhibits 48: Chart on Light-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Data Table on Light-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibits 50: Chart on Light-duty vehicles - Year-over-year growth 2022-2027 (%)
Exhibits 51: Data Table on Light-duty vehicles - Year-over-year growth 2022-2027 (%)
Exhibits 52: Chart on Heavy-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Data Table on Heavy-duty vehicles - Market size and forecast 2022-2027 ($ million)
Exhibits 54: Chart on Heavy-duty vehicles - Year-over-year growth 2022-2027 (%)
Exhibits 55: Data Table on Heavy-duty vehicles - Year-over-year growth 2022-2027 (%)
Exhibits 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibits 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibits 58: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibits 59: Data Table on Others - Year-over-year growth 2022-2027 (%)
Exhibits 60: Market opportunity by Application ($ million)
Exhibits 61: Data Table on Market opportunity by Application ($ million)
Exhibits 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 63: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibits 64: Data Table on Market share By Geographical Landscape 2022-2027 (%)
Exhibits 65: Chart on Geographic comparison
Exhibits 66: Data Table on Geographic comparison
Exhibits 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibits 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibits 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibits 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibits 73: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibits 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
Exhibits 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibits 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibits 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibits 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibits 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibits 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
Exhibits 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibits 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibits 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibits 90: Data Table on US - Year-over-year growth 2022-2027 (%)
Exhibits 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibits 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibits 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 95: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibits 96: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibits 97: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibits 98: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
Exhibits 99: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibits 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibits 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibits 102: Data Table on China - Year-over-year growth 2022-2027 (%)
Exhibits 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibits 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibits 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibits 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
Exhibits 107: Market opportunity By Geographical Landscape ($ million)
Exhibits 108: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 109: Impact of drivers and challenges in 2022 and 2027
Exhibits 110: Overview on Criticality of inputs and Factors of differentiation
Exhibits 111: Overview on factors of disruption
Exhibits 112: Impact of key risks on business
Exhibits 113: Vendors covered
Exhibits 114: Matrix on vendor position and classification
Exhibits 115: Acumentrics Inc - Overview
Exhibits 116: Acumentrics Inc - Product/Service
Exhibits 117: Acumentrics Inc - Key offerings
Exhibits 118: Ballard Power Systems Inc. - Overview
Exhibits 119: Ballard Power Systems Inc. - Product/Service
Exhibits 120: Ballard Power Systems Inc. - Key news
Exhibits 121: Ballard Power Systems Inc. - Key offerings
Exhibits 122: BorgWarner Inc. - Overview
Exhibits 123: BorgWarner Inc. - Business segments
Exhibits 124: BorgWarner Inc. - Key news
Exhibits 125: BorgWarner Inc. - Key offerings
Exhibits 126: BorgWarner Inc. - Segment focus
Exhibits 127: Ceres Power Holdings plc - Overview
Exhibits 128: Ceres Power Holdings plc - Business segments
Exhibits 129: Ceres Power Holdings plc - Key news
Exhibits 130: Ceres Power Holdings plc - Key offerings
Exhibits 131: Ceres Power Holdings plc - Segment focus
Exhibits 132: Cummins Inc. - Overview
Exhibits 133: Cummins Inc. - Business segments
Exhibits 134: Cummins Inc. - Key offerings
Exhibits 135: Cummins Inc. - Segment focus
Exhibits 136: ElringKlinger AG - Overview
Exhibits 137: ElringKlinger AG - Business segments
Exhibits 138: ElringKlinger AG - Key offerings
Exhibits 139: ElringKlinger AG - Segment focus
Exhibits 140: Hyster Yale Materials Handling Inc. - Overview
Exhibits 141: Hyster Yale Materials Handling Inc. - Business segments
Exhibits 142: Hyster Yale Materials Handling Inc. - Key offerings
Exhibits 143: Hyster Yale Materials Handling Inc. - Segment focus
Exhibits 144: Hyundai Motor Co. - Overview
Exhibits 145: Hyundai Motor Co. - Business segments
Exhibits 146: Hyundai Motor Co. - Key news
Exhibits 147: Hyundai Motor Co. - Key offerings
Exhibits 148: Hyundai Motor Co. - Segment focus
Exhibits 149: Intelligent Energy Ltd. - Overview
Exhibits 150: Intelligent Energy Ltd. - Product/Service
Exhibits 151: Intelligent Energy Ltd. - Key offerings
Exhibits 152: ITM Power plc - Overview
Exhibits 153: ITM Power plc - Product/Service
Exhibits 154: ITM Power plc - Key offerings
Exhibits 155: Nedstack Fuel Cell Technology BV - Overview
Exhibits 156: Nedstack Fuel Cell Technology BV - Product/Service
Exhibits 157: Nedstack Fuel Cell Technology BV - Key offerings
Exhibits 158: PowerCell Sweden AB - Overview
Exhibits 159: PowerCell Sweden AB - Product/Service
Exhibits 160: PowerCell Sweden AB - Key offerings
Exhibits 161: Proton Motor Fuel Cell GmbH - Overview
Exhibits 162: Proton Motor Fuel Cell GmbH - Product/Service
Exhibits 163: Proton Motor Fuel Cell GmbH - Key offerings
Exhibits 164: TW Horizon Fuel Cell Technologies - Overview
Exhibits 165: TW Horizon Fuel Cell Technologies - Product/Service
Exhibits 166: TW Horizon Fuel Cell Technologies - Key offerings
Exhibits 167: W. L. Gore and Associates Inc. - Overview
Exhibits 168: W. L. Gore and Associates Inc. - Product/Service
Exhibits 169: W. L. Gore and Associates Inc. - Key news
Exhibits 170: W. L. Gore and Associates Inc. - Key offerings
Exhibits 171: Inclusions checklist
Exhibits 172: Exclusions checklist
Exhibits 173: Currency conversion rates for US$
Exhibits 174: Research methodology
Exhibits 175: Validation techniques employed for market sizing
Exhibits 176: Information sources
Exhibits 177: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global fuel cells market for industrial and military applications: Acumentrics Inc., Advent Technologies Holdings Inc., Air Liquide SA, AISIN CORP., Altergy Systems, Australian Fuel Cells Pty Ltd., Ballard Power Systems Inc., Bloom Energy Corp., Doosan Corp., Elevator World LLC, FuelCell Energy Inc., GenCell Ltd., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., Nedstack Fuel Cell Technology BV, Plug Power Inc., Redox Power Systems LLC, SFC Energy AG, Toshiba Corp., and TW Horizon Fuel Cell Technologies.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is rise in distributed power generation.'

According to the report, one of the major drivers for this market is the growing demand for efficient and cleaner technologies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Acumentrics Inc.
  • Advent Technologies Holdings Inc.
  • Air Liquide SA
  • AISIN CORP.
  • Altergy Systems
  • Australian Fuel Cells Pty Ltd.
  • Ballard Power Systems Inc.
  • Bloom Energy Corp.
  • Doosan Corp.
  • Elevator World LLC
  • FuelCell Energy Inc.
  • GenCell Ltd.
  • Hyster Yale Materials Handling Inc.
  • Intelligent Energy Ltd.
  • Nedstack Fuel Cell Technology BV
  • Plug Power Inc.
  • Redox Power Systems LLC
  • SFC Energy AG
  • Toshiba Corp.
  • TW Horizon Fuel Cell Technologies