Global Fuel Cells Market for Industrial and Military Applications 2021-2025

Global Fuel Cells Market for Industrial and Military Applications 2021-2025

Technavio has been monitoring the fuel cells market for industrial and military applications and it is poised to grow by 234.09 MW during 2021-2025, progressing at a CAGR of 12.48% during the forecast period. Our 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for efficient and cleaner technologies and rising application of fuel cell products. In addition, growing demand for efficient and cleaner technologies is anticipated to boost the growth of the market as well.

The fuel cells market for industrial and military applications analysis includes the end-user segment and geographic landscape.

Technavio's fuel cells market for industrial and military applications is segmented as below:

By End-user

  • Industrial
  • Military
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the growing demand from military applicationsas one of the prime reasons driving the fuel cells market for industrial and military applications growth during the next few years.

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 report on 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
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 cells market for industrial and military applications vendors that include Ballard Power Systems Inc., Doosan Corp., FuelCell Energy Inc., Horizon Fuel Cell Technologies Pte. Ltd., Intelligent Energy Ltd., Nuvera Fuel Cells LLC, Plug Power Inc., Redox Power Systems LLC, SFC Energy AG, and Toshiba Corp. 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.

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 the accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Parent Market
        • Table Parent market
        • Table Market characteristics
      • COVID-19 impact on the industrials sector
    • Value chain analysis
      • Table Value chain analysis : Renewable Electricity
      • Inputs
      • Electricity generation
      • Electricity transmission
      • Electricity distribution
      • End-users
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2020 - 2025 (MW)
        • Table Global market: Year-over-year growth 2020 - 2025 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2020 & 2025
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2020
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2020-2025 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • Industrial - Market size and forecast 2020-2025
      • Table Industrial - Market size and forecast 2020-2025 (MW)
      • Table Industrial - Year-over-year growth 2020-2025 (%)
    • Military - Market size and forecast 2020-2025
      • Table Military - Market size and forecast 2020-2025 (MW)
      • Table Military - Year-over-year growth 2020-2025 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 (MW)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • North America - Market size and forecast 2020-2025
      • Table North America - Market size and forecast 2020-2025 (MW)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 (MW)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020-2025
      • Table South America - Market size and forecast 2020-2025 (MW)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 (MW)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (MW)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for efficient and cleaner technologies
        • Table Energy conversion efficiency of different energy sources
      • Rising applications of fuel cell products
      • Growing demand from military applications
    • Market challenges
      • High implementation costs
        • Table Cost comparison between fuel cell and gas engine in CHP Systems
      • Competition from alternate sources
      • Uncertainties associated with low crude oil prices
    • Market trends
      • Rise in distributed power generation
      • Increase in R&D investment and activities
      • Increasing interest in CHP
        • Table Typical industrial applications using fuel cell CHP systems
        • Table Major purchase incentives for fuel cell projects
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive Scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Ballard Power Systems Inc.
      • Table Ballard Power Systems Inc. – Overview
      • Table Ballard Power Systems Inc. - Business segments
      • Table Ballard Power Systems Inc. - Key news
      • Table Ballard Power Systems Inc. - Key offerings
      • Table Ballard Power Systems Inc. - Segment focus
    • Doosan Corp.
      • Table Doosan Corp. – Overview
      • Table Doosan Corp. – Business segments
      • Table Doosan Corp. - Product and service
      • Table Doosan Corp. - Key offerings
      • Table Doosan Corp. - Segment focus
    • FuelCell Energy Inc.
      • Table FuelCell Energy Inc. – Overview
      • Table FuelCell Energy Inc. - Business segments
      • Table FuelCell Energy Inc. - Key news
      • Table FuelCell Energy Inc. - Key offerings
      • Table FuelCell Energy Inc. - Segment focus
    • Horizon Fuel Cell Technologies Pte. Ltd.
      • Table Horizon Fuel Cell Technologies Pte. Ltd. – Overview
      • Table Horizon Fuel Cell Technologies Pte. Ltd. - Product and service
      • Table Horizon Fuel Cell Technologies Pte. Ltd. - Key offerings
      • Table Horizon Fuel Cell Technologies Pte. Ltd. - Segment focus
    • Intelligent Energy Ltd.
      • Table Intelligent Energy Ltd. – Overview
      • Table Intelligent Energy Ltd. - Product and service
      • Table Intelligent Energy Ltd. - Key news
      • Table Intelligent Energy Ltd. - Key offerings
    • Nuvera Fuel Cells LLC
      • Table Nuvera Fuel Cells LLC – Overview
      • Table Nuvera Fuel Cells LLC - Product and service
      • Table Nuvera Fuel Cells LLC. - Key news
      • Table Nuvera Fuel Cells LLC - Key offerings
    • Plug Power Inc.
      • Table Plug Power Inc. – Overview
      • Table Plug Power Inc. - Product and service
      • Table Plug Power Inc. - Key offerings
    • Redox Power Systems LLC
      • Table Redox Power Systems LLC - Overview
      • Table Redox Power Systems LLC - Product and service
      • Table Redox Power Systems LLC - Key offerings
    • SFC Energy AG
      • Table SFC Energy AG – Overview
      • Table SFC Energy AG - Business segments
      • Table SFC Energy AG - Key offerings
      • Table SFC Energy AG - Segment focus
    • Toshiba Corp.
      • Table Toshiba Corp. – Overview
      • Table Toshiba Corp. – Business segments
      • Table Toshiba Corp. - Key news
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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