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Fuel Cell Market Size, Share, and Analysis, By Type (Solid Oxide Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cell, Proton Exchange Membrane Fuel Cell, Alkaline Fuel Cell and Others), By Size (Small, Large), By Application (Portable, Statio

Publisher Fatpos Global
Published Dec 01, 2023
Length 484 Pages
SKU # FAGL18583719

Description

Fuel Cell Market Size, Share, and Analysis, By Type (Solid Oxide Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cell, Proton Exchange Membrane Fuel Cell, Alkaline Fuel Cell and Others), By Size (Small, Large), By Application (Portable, Stationary), By End User (Residential, Transportation, Utility, Data Center, Military & Defence, Others) and Regional Forecasts, 2022-2032


PRODUCT OVERVIEW

Fuel Cell Market size was USD 4.4 billion in 2021 and projected to grow from USD 6.5 billion in 2023 to USD 39.2 billion by 2032, exhibiting a CAGR of 22% during the forecast period.

Fuel Cell is referred to as a device consisting of a cathode and anode submersed in an electrolyte solution for generating proper electricity. Fuel Cells can be used as battery that gives required power to the system and these usually work on easy electromechanical mechanism, which changes chemical energy into electrical energy. Fuel cells have many applications like residential, industrial, transportation, commercial structures. Fuel Cells use hydrogen-based fuel and it produces electricity through the chemical energy of hydrogen or other fuels in a clean and efficient manner.

MARKET HIGHLIGHTS

Fuel Cell Market is expected to reach USD 39.2 billion, growing at a CAGR of 22% during forecast period owing to the increasing demand for mobile devices, fuel cell efficiency, strict government restrictions focused at minimising the increasing pollution, which are anticipated to drive the demand for the growth of the fuel cell market. The advantages offered by fuel cell may drive market growth. The favourable regulations by the government and incentives to promote usage of renewable energy and high funding for electrification of off-grid may create growth opportunity for the market. Increasing regulations with eco-friendly objectives aiming in decreasing emission rates are expected to boost the fuel cell market growth.

Fuel Cell Market Segments:
  • Type
  • Solid Oxide Fuel Cell
  • Molten Carbonate Fuel Cell
  • Phosphoric Acid Fuel Cell
  • Proton Exchange Membrane Fuel Cell
  • Alkaline Fuel Cell
  • Others
  • Size
  • Small
  • Large
  • Application
  • Portable
  • Stationary
  • End User
  • Residential
  • Transportation
  • Utility
  • Data Center
  • Military & Defence
  • Others
MARKET DYNAMICS

Growth Drivers

Agreeable Regulatory Policies are Expected to Boost the Growth of the Market

Growing Demand for Generating Clean Energy is Expected to Boost the Growth of the Market

Restraint

High Production Cost May Restrain the Growth of the Market

Key Players
  • Ballard Power Systems
  • FuelCell Energy, Inc.
  • Nuvera Fuel Cells LLC
  • Nedstack Fuel Cell Technology B.V.
  • Ceres Power Holdings PLC
  • ElringKlinger
  • AVL
  • Gore
  • SFC Energy AG
  • Bloom Energy
  • Doosan Fuel Cell America, Inc.
  • Blue World Technologies
  • Pragma Industries
  • Bosch
  • Horizon Fuel Cell Technologies
  • Plug Power, Inc.
  • Elcogen
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*

Table of Contents

484 Pages
1. Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Fuel Cell Market: COVID-19. Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2. Fuel Cell Market: COVID-19. Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Fuel Cell Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19. overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. Fuel Cell Market
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Fuel Cell Market Size & Forecast 202. A-203. F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Solid Oxide Fuel Cell
11.3.1.1.1. By Value (USD Million) 2022-203. F
11.3.1.1.2. Market Share (%) 2022-203. F
11.3.1.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.1.2. Molten Carbonate Fuel Cell
11.3.1.2.1. By Value (USD Million) 2022-203. F
11.3.1.2.2. Market Share (%) 2022-203. F
11.3.1.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.1.3. Phosphoric Acid Fuel Cell
11.3.1.3.1. By Value (USD Million) 2022-203. F
11.3.1.3.2. Market Share (%) 2022-203. F
11.3.1.3.3. Y-o-Y Growth (%) 2022-203. F
11.3.1.4. Proton Exchange Membrane Fuel Cell
11.3.1.4.1. By Value (USD Million) 2022-203. F
11.3.1.4.2. Market Share (%) 2022-203. F
11.3.1.4.3. Y-o-Y Growth (%) 2022-203. F
11.3.1.5. Alkaline Fuel Cell
11.3.1.5.1. By Value (USD Million) 2022-203. F
11.3.1.5.2. Market Share (%) 2022-203. F
11.3.1.5.3. Y-o-Y Growth (%) 2022-203. F
11.3.1.6. Others
11.3.1.6.1. By Value (USD Million) 2022-203. F
11.3.1.6.2. Market Share (%) 2022-203. F
11.3.1.6.3. Y-o-Y Growth (%) 2022-203. F
11.3.2. By Size
11.3.2.1. Small
11.3.2.1.1. By Value (USD Million) 2022-203. F
11.3.2.1.2. Market Share (%) 2022-203. F
11.3.2.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.2.2. Large
11.3.2.2.1. By Value (USD Million) 2022-203. F
11.3.2.2.2. Market Share (%) 2022-203. F
11.3.2.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.3. By Application
11.3.3.1. Portable
11.3.3.1.1. By Value (USD Million) 2022-203. F
11.3.3.1.2. Market Share (%) 2022-203. F
11.3.3.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.3.2. Stationary
11.3.3.2.1. By Value (USD Million) 2022-203. F
11.3.3.2.2. Market Share (%) 2022-203. F
11.3.3.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.4. By End User
11.3.4.1. Residential
11.3.4.1.1. By Value (USD Million) 2022-203. F
11.3.4.1.2. Market Share (%) 2022-203. F
11.3.4.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.4.2. Transportation
11.3.4.2.1. By Value (USD Million) 2022-203. F
11.3.4.2.2. Market Share (%) 2022-203. F
11.3.4.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.4.3. Utility
11.3.4.3.1. By Value (USD Million) 2022-203. F
11.3.4.3.2. Market Share (%) 2022-203. F
11.3.4.3.3. Y-o-Y Growth (%) 2022-203. F
11.3.4.4. Data Center
11.3.4.4.1. By Value (USD Million) 2022-203. F
11.3.4.4.2. Market Share (%) 2022-203. F
11.3.4.4.3. Y-o-Y Growth (%) 2022-203. F
11.3.4.5. Military & Defence
11.3.4.5.1. By Value (USD Million) 2022-203. F
11.3.4.5.2. Market Share (%) 2022-203. F
11.3.4.5.3. Y-o-Y Growth (%) 2022-203. F
11.3.4.6. Others
11.3.4.6.1. By Value (USD Million) 2022-203. F
11.3.4.6.2. Market Share (%) 2022-203. F
11.3.4.6.3. Y-o-Y Growth (%) 2022-203. F
12. North America Fuel Cell Market Size & Forecast 202. A-203. F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Size
12.3.3. By Application
12.3.4. By End User
12.4. Country
12.4.1. United States
12.4.2. Canada
13. Europe Fuel Cell Market Size & Forecast 202. A-203. F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Size
13.3.3. By Application
13.3.4. By End User
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia Fuel Cell Market Size & Forecast 202. A-203. F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Size
14.3.3. By Application
14.3.4. By End User
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Fuel Cell Market Size & Forecast 202. A-203. F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Size
15.3.3. By Application
15.3.4. By End User
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Fuel Cell Market Size & Forecast 202. A-203. F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Size
16.3.3. By Application
16.3.4. By End User
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Ballard Power Systems
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3. Yrs.)
18.1.4.5. Executive Team
18.2. FuelCell Energy, Inc.
18.3. Nuvera Fuel Cells LLC
18.4. Nedstack Fuel Cell Technology B.V.
18.5. Ceres Power Holdings PLC
18.6. ElringKlinger
18.7. AVL
18.8. Gore
18.9. SFC Energy AG
18.10. Bloom Energy
18.11. Doosan Fuel Cell America, Inc.
18.12. Blue World Technologies
18.13. Pragma Industries
18.14. Bosch
18.15. Horizon Fuel Cell Technologies
18.16. Plug Power, Inc.
18.17. Elcogen
18.18. Other Prominent Players
19. Appendix
20. Consultant Recommendation

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