Global Fuel Cell Market (PEMFC, PAFC, MCFC & SOFC): Insights, Trends and Forecast (2020-2024)

Global Fuel Cell Market (PEMFC, PAFC, MCFC & SOFC): Insights, Trends and Forecast (2020-2024)

The global fuel cell market is forecasted to reach US$22.19 billion in 2024, growing at a CAGR of 22%, for the period spanning from 2019 to 2024. The factors such as increasing unconventional oil and gas distribution activities, growing wireless surveillance industry, rapid urbanization, increasing carbon dioxide emissions and accelerating economic growth are expected to drive the market. However, growth of the industry would be challenged by high maintenance cost of fuel cells, competitive landscape and hydrogen storage and transportation issues. A few notable trends include increasing fuel cell vehicle sales, rising adoption of fuel cell in defence sector, growing preference of hydrogen based fuel cells and supportive government policies. Typically, fuel cells are segmented on the basis of their electrolyte (alkaline, polymer, phosphoric acid & others) or temperature (low or high) for which they are designed to function. Commonly used fuel cell systems are Proton Exchange Membrane Fuel Cell (PEMFC), Direct Methanol Fuel Cell (DMFC), Solid Oxide Fuel Cell (SOFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC) and Molten Carbonate Fuel Cell (MCFC). Presently, owing to increasing environmental regulations, many industrialists are using fuel cell as hydrocarbon fuels emits 30-50% lower CO2 emissions than if combusted in engines due to 2-3x greater energy efficiency; electrochemical conversion of fuel to power results in much less temperature variability than combustion in engines, which results in much lower NOx, SOx particulate emissions; fuel cells have electrical energy efficiency of 40-60%, depending on chemistry and provide the primary energy needs of many users. The fastest growing regional market is Asia-Pacific due to increasing number of PEMFC based vehicles as well as technological advancements in manufacturing of fuel cell power grids in South Asian economies. Scope of the report: • The report provides a comprehensive analysis of the global fuel cell market, segmented on the basis of product types i.e. Proton Exchange Membrane Fuel Cell (PEMFC), Direct Methanol Fuel Cell (DMFC), Solid Oxide Fuel Cell (SOFC), Phosphoric Acid Fuel Cell (PAFC), Alkaline Fuel Cell (AFC) & Molten Carbonate Fuel Cell (MCFC) and Applications i.e. Stationary, Portable & Transport. • The major regional markets (Asia-Pacific, North America and Europe) have been analysed. • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth. • The competitive landscape of the market, along with the company profiles of leading players i.e. FuelCell Energy, Inc., Ballard Power Systems Inc, Ceres Power Holdings Plc, Doosan Corporation, Plug Power Inc. and Kyocera Corporation are also presented in detail. Key Target Audience: • Fuel Cell Manufacturers • Raw Material Suppliers • End Users • Consulting Firms • Investment Banks • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
1.2 Fuel Cell Components
1.3 Fuel Cell Classification
Table 1: Classification of Fuel Cell
Table 2: Fuel Cell Systems Comparison
1.4 Fuel Cell End Users and Applications
Table 3: Fuel Cell End Users and Applications
1.5 Fuel Cell Supply Chain
Table 4: Fuel Cell Supply Chain
2. Global Fuel Cell Market Analysis
2.1 Global Fuel Cell Market Value Forecast
Table 5: Global Fuel Cell Market Value Forecast (2019-2024)
2.2 Global Fuel Cell Market Value by Segments
Table 6: Global Fuel Cell Market Value by Segments (2019)
2.2.1 Global PEMFC Market Value Forecast
Table 7: Global PEMFC Market Value Forecast (2019-2024)
2.2.2 Global PAFC Market Value Forecast
Table 8: Global PAFC Market Value Forecast (2019-2024)
2.2.3 Global MCFC Market Value Forecast
Table 9: Global MCFC Market Value Forecast (2019-2024)
2.3 Global Fuel Cell Market Value by Applications
Table 10: Global Fuel Cell Market Value by Applications (2019)
2.3.1 Global Stationary Fuel Cell Market Value Forecast
Table 11: Global Stationary Fuel Cell Market Value Forecast (2019-2024)
2.3.2 Global Transport Fuel Cell Market Value Forecast
Table 12: Global Transport Fuel Cell Market Value Forecast (2019-2024)
2.4 Global Fuel Cell Market Value by Region
Table 13: Global Fuel Cell Market Value by Region (2019)
2.5 Global Fuel Cell Market Volume
Table 14: Global Fuel Cell Market Volume (2015-2019)
2.6 Global Fuel Cell Market Volume Forecast
Table 15: Global Fuel Cell Market Volume Forecast (2020-2024)
2.7 Global Fuel Cell Market Volume by Segment
Table 16: Global Fuel Cell Market Volume by Segment (2019)
2.7.1 Global PEMFC Market Volume
Table 17: Global PEMFC Market Volume (2015-2019)
2.7.2 Global PEMFC Market Volume Forecast
Table 18: Global PEMFC Market Volume Forecast (2020-2024)
2.7.3 Global SOFC Market Volume
Table 19: Global SOFC Market Volume (2015-2019)
2.7.4 Global SOFC Market Volume Forecast
Table 20: Global SOFC Market Volume Forecast (2020-2024)
2.8 Global Fuel Cell Market Volume by Application
Table 21: Global Fuel Cell Market Volume by Application (2019)
2.8.1 Global Stationary Fuel Cell Market Volume Forecast
Table 22: Global Stationary Fuel Cell Market Volume Forecast (2019-2024)
2.8.2 Global Transport Fuel Cell Market Volume Forecast
Table 23: Global Transport Fuel Cell Market Volume Forecast (2019-2024)
2.9 Global Fuel Cell Market Volume by Region
Table 24: Global Fuel Cell Market Volume by Region (2019)
2.10 Global Fuel Cell Shipments
Table 25: Global Fuel Cell Shipments (2015-2019)
2.11 Global Fuel Cell Shipments Forecast
Table 26: Global Fuel Cell Shipments Forecast (2020-2024)
2.12 Global Fuel Cell Shipments by Segments
Table 27: Global Fuel Cell Shipments by Segments (2019)
2.12.1 Global PEMFC Shipments
Table 28: Global PEMFC Shipments (2015-2019)
2.12.2 Global PEMFC Shipments Forecast
Table 29: Global PEMFC Shipments Forecast (2020-2024)
2.12.3 Global PAFC Shipments
Table 30: Global PAFC Shipments (2015-2019)
2.12.4 Global PAFC Shipments Forecast
Table 31: Global PAFC Shipments Forecast (2020-2024)
2.13 Global Fuel Cell Shipments by Applications
Table 32: Global Fuel Cell Shipments by Applications (2019)
2.13.1 Global Transport Fuel Cell Shipments Forecast
Table 33: Global Transport Fuel Cell Shipments Forecast (2019-2024)
2.13.2 Global Stationary Fuel Cell Shipments Forecast
Table 34: Global Stationary Fuel Cell Shipments Forecast (2019-2024)
2.14 Global Fuel Cell Shipments by Region
Table 35: Global Fuel Cell Shipments by Region (2019)
3. Regional Fuel Cell Market Analysis
3.1 Asia-Pacific
3.1.1 Asia-Pacific Fuel Cell Market Value Forecast
Table 36: Asia-Pacific Fuel Cell Market Value Forecast (2019-2024)
3.1.2 Asia-Pacific Fuel Cell Market Volume
Table 37: Asia-Pacific Fuel Cell Market Volume (2015-2019)
3.1.3 Asia-Pacific Fuel Cell Market Volume Forecast
Table 38: Asia-Pacific Fuel Cell Market Volume Forecast (2020-2024)
3.1.4 Asia-Pacific Fuel Cell Shipments
Table 39: Asia-Pacific Fuel Cell Shipments (2015-2019)
3.1.5 Asia-Pacific Fuel Cell Shipments Forecast
Table 40: Asia-Pacific Fuel Cell Shipments Forecast (2020-2024)
3.2 North America
3.2.1 North America Fuel Cell Market Value Forecast
Table 41: North America Fuel Cell Market Value Forecast (2019-2024)
3.2.2 North America Fuel Cell Market Volume
Table 42: North America Fuel Cell Market Volume (2015-2019)
3.2.3 North America Fuel Cell Market Volume Forecast
Table 43: North America Fuel Cell Market Volume Forecast (2020-2024)
3.2.4 North America Fuel Cell Shipments
Table 44: North America Fuel Cell Shipments (2015-2019)
3.2.5 North America Fuel Cell Shipments Forecast
Table 45: North America Fuel Cell Shipments Forecast (2020-2024)
3.3 Europe
3.3.1 Europe Fuel Cell Market Value Forecast
Table 46: Europe Fuel Cell Market Value Forecast (2019-2024)
3.3.2 Europe Fuel Cell Market Volume
Table 47: Europe Fuel Cell Market Volume (2015-2019)
3.3.3 Europe Fuel Cell Market Volume Forecast
Table 48: Europe Fuel Cell Market Volume Forecast (2020-2024)
3.2.4 Europe Fuel Cell Shipments
Table 49: Europe Fuel Cell Shipments (2015-2019)
3.2.5 Europe Fuel Cell Shipments Forecast
Table 50: Europe Fuel Cell Shipments Forecast (2020-2024)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Unconventional Oil and Gas Distribution Activities
Table 51: Global Unconventional Oil and Gas Supply (2000/2017/2025)
4.1.2 Growing Wireless Surveillance Industry
Table 52: Global Wireless Surveillance Market Value Forecast (2019-2024)
4.1.3 Rapid Urbanization
Table 53: Global Urban Population (2015-2019)
4.1.4 Increasing Carbon Dioxide Emissions
Table 54: Global Carbon Dioxide Emissions (2015-2019)
4.1.5 Accelerating Economic Growth
Table 55: Global GDP per Capita (2015-2019)
4.2 Key Trends and Developments
4.2.1 Increasing Fuel Cell Vehicle Sales
Table 56: Global Fuel Cell Vehicle Industry (2019-2024)
4.2.2 Rising Adoption of Fuel Cell in Defence Sector
Table 57: Global Defence Fuel Cell Market (2019-2024)
4.2.3 Growing Preference for Hydrogen based Fuel Cells
Table 58: Global Hydrogen Fuel Cells Market Share (2019-2024)
4.2.4 Supportive Government Policies
4.3 Challenges
4.3.1 High Maintenance Cost of Fuel Cells
4.3.2 Competitive Landscape
4.3.3 Hydrogen Storage and Transportation Issues
5. Competitive Landscape
5.1 Global Fuel Cell Market
5.1.1 Key Players – Revenue Comparison
Table 59: Key Players – Revenue Comparison (2018)
5.1.2 Key Players – Market Cap Comparison
Table 60: Key Players – Market Cap Comparison (2020)
5.1.3 Key Players – Research & Development Expenditure Comparison
Table 61: Key Players – Research & Development Expenditure Comparison (2017/2018)
6. Company Profiles
6.1 FuelCell Energy, Inc
6.1.1 Business Overview
6.1.2 Financial Overview
Table 62: FuelCell Energy Revenues and Net Loss (2014-2018)
Table 63: FuelCell Energy Revenues by Region (2018)
6.1.3 Business Strategies
6.2 Ballard Power Systems Inc
6.2.1 Business Overview
6.2.2 Financial Overview
Table 64: Ballard Power Systems Revenues and Net Loss (2014-2018)
Table 65: Ballard Power Systems Revenues by Applications (2018)
Table 66: Ballard Power Systems Revenues by Region (2018)
6.2.3 Business Strategy
6.3 Ceres Power Holdings Plc
6.3.1 Business Overview
6.3.2 Financial Overview
Table 67: Ceres Power Revenues and Loss (2015-2019)
Table 68: Ceres Power Revenues by Region (2019)
6.3.3 Business Strategies
6.4 Doosan Corporation
6.4.1 Business Overview
Table 69: Doosan Corp. Segment Description
6.4.2 Financial Overview
Table 70: Doosan Corp. Sales and Profit (Loss) (2014-2018)
Table 71: Doosan Corp. Sales by Segment (2018)
Table 72: Doosan Corp. Sales by Region (2018)
6.4.3 Business Strategies
6.5 Plug Power Inc.
6.5.1 Business Overview
Table 73: Plug Power Products and Service Description
6.5.2 Financial Overview
Table 74: Plug Power Net Revenues and Net Loss (2014-2018)
6.5.3 Business Strategies
6.6 Kyocera Corporation
6.6.1 Business Overview
6.6.2 Financial Overview
Table 75: Kyocera Corp. Net Sales and Net Income (2015-2019)
Table 76: Kyocera Corp. Net Sales by Segment (2019)
6.6.3 Business Strategies

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