Global Fuel Cell Market 2020-2024
Technavio has been monitoring the fuel cell market and it is poised to grow by 2280.21 MW during 2020-2024 progressing at a CAGR of 25% during the forecast period. Our reports on fuel cell market 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing demand for efficient and clean energy sources and supportive government policies for the adoption of fuel cells. In addition, the rising incentives to increase the appropriation of fuel cell vehicles is anticipated to boost the growth of the market as well.
The fuel cell market analysis includes product segment and geographic landscape.
Technavio's fuel cell market is segmented as below:
By Geographic Landscapes
This study identifies the development of zero energy homes as one of the prime reasons driving the fuel cell market growth during the next few years. Also, the adoption of microgrids and Increasing R&D activities will lead to sizable demand in the market.
Technavio 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. Our fuel cell market covers the following areas:
- Fuel cell market sizing
- Fuel cell market forecast
- Fuel cell market industry analysis
Technavio's 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 cell market vendors that include Aisin Seiki Co. Ltd., Ballard Power Systems Inc., Bloom Energy, FuelCell Energy Inc., Panasonic Corp., Proton Power Systems Plc, SFC Energy AG, Siemens AG, Toshiba Energy Systems & Solutions Corp., and Watt Fuel Cell Corp. Also, the fuel cell market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.