Jul 30, 2022   SOURCE: BusinessWire

Global Fuel Cell Market - ResearchAndMarkets.com

The "Global Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicles (FCV)), Size (Small & Large), End User (Residential, C&l, Transportation, Data Center, Military & Defense, Utility), Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and is projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. The market has a promising growth potential due to several factors, including the stringent norms on GHG emission across the globe, increasing R&D grants, increasing need of energy efficient power generation, and spur in demand of public as well as personal fuel cell electric vehicles.

Stationary, The largest segment of fuel cell market, by application

In the stationary application of fuel cells, the output required can be as high as multi megawatts (MW) or as low as less than 1 kW. Fuel cells with larger capacities are larger in size as well. These fuel cells can further be used for capacity addition and carbon capturing operations in a thermal power plant. Thus, the use of fuel cells consequently helps in reducing the carbon footprint in the residential, commercial, and industrial sectors.

Transportation: The largest segment of fuel cell market, by end user

The rising demand for personal mobility and increased concerns for low emission vehicles are driving the growth of the transportation end user. Several FCEV models, such as the Toyota Mirai, Honda Clarity, Mercedes Benz GLC FCEV, Nissan X-Trail FCEV, and Riversimple RASA are available in the market. Realizing the significant potential in the passenger light duty market, various companies are planning to launch new models in the coming years.

Asia Pacific: The largest region in the fuel cell market

Asia Pacific is one of the leading markets which is continuously shifting its focus towards green and renewable technologies to meet the targets set by the governments for reducing GHG emissions. Furthermore, countries such as Japan and South Korea are increasing their investments to adopt fuel cell technology.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

Increasing Need for Clean Power Generation to Boost Market Growth Between 2022 and 2027

Asia-Pacific Fuel Cell Market to Witness Highest Growth During Forecast Period

The Transportation Sector and China Contributed the Largest Shares to the Fuel Cell Market in Asia-Pacific in 2021

Sofc Segment Expected to Account for the Largest Market Share, by Type, in 2027

Stationary Segment to Account for the Largest Share of the Fuel Cell Market, by Application, in 2027

Transportation Segment to Dominate the Fuel Cell Market, by End-user, in 2027

Small Scale Segment to Dominate the Fuel Cell Market, by Size, in 2027

5 Market Overview

6 Fuel Cell Market, by Type

7 Fuel Cell Market, by Application

8 Fuel Cell Market, by End-user

9 Fuel Cell Market, by Size

10 Geographic Analysis

11 Competitive Landscape

11.1 Key Players Strategies

Table 245 Overview of Key Strategies Deployed by Top Players, January 2017- February 2022

11.2 Market Share Analysis of Top Five Players, 2021

Table 246 Fuel Cell Market: Degree of Competition, 2O21

Figure 45 Fuel Cell Market Share Analysis, 2021

11.3 Segmental Revenue Analysis of Top Five Market Players, 2016-2021

Figure 46 Segmental Revenue Analysis of Top Players in the Fuel Cell Market from 2016 to 2021

11.4 Company Evaluation Quadrant, 2021

11.4.1 Star

11.4.2 Pervasive

11.4.3 Emerging Leader

11.4.4 Participant

Figure 47 Competitive Leadership Mapping: Fuel Cell Market, 2021

11.5 Fuel Cell: Company Footprint

Table 247 By End-user: Company Footprint

Table 248 By Region: Company Footprint

Table 249 By Type: Company Footprint

Table 250 By Application: Company Footprint

Table 251 By Size: Company Footprint

Table 252 Company Footprint

11.6 Competitive Scenario

Table 253 Fuel Cell Market: Product Launches, January 2017- February 2022

Table 254 Fuel Cell: Deals, January 2017- February 2022

Table 255 Fuel Cell: Others, January 2017 - February 2022

11.7 Start-Up/Sme Evaluation Quadrant, 2021

11.7.1 Progressive Company

11.7.2 Responsive Company

11.7.3 Dynamic Company

11.7.4 Starting Block

Figure 48 Fuel Cell Market: Start-Up/Sme Evaluation Quadrant, 2021

11.8 Competitive Benchmarking

Table 256 Fuel Cell Market: Detailed List of Key Startup/Smes

Table 257 Fuel Cell Market: Competitive Benchmarking of Key Players [Startups/Smes]

12 Company Profiles

(Business Overview and Financial Review, Products Offered, Recent Developments, and Analyst's View)*

12.1 Key Players

12.1.1 Bloom Energy

Table 258 Bloom Energy: Business Overview

Figure 49 Bloom Energy: Company Snapshot, 2021

Table 259 Bloom Energy: Products Offered

Table 260 Bloom Energy: Product Launches

Table 261 Bloom Energy: Deals

Table 262 Bloom Energy: Others

12.1.2 Doosan Fuel Cell Co., Ltd.

Table 263 Doosan Fuel Cell Co., Ltd.: Business Overview

Figure 50 Doosan Fuel Cell Co., Ltd.: Company Snapshot, 2021

Table 264 Doosan Fuel Cell Co., Ltd.: Products Offered

Table 265 Doosan Fuel Cell Co., Ltd.: Deals

Table 266 Doosan Fuel Cell Co., Ltd.: Others

12.1.3 Aisin Corporation

Table 267 Aisin Corporation: Business Overview

Figure 51 Aisin Corporation: Company Snapshot, 2020

Table 268 Aisin Corporation: Products Offered

Table 269 Aisin Corporation: Deals

12.1.4 Plug Power Inc.

Table 270 Plug Power Inc.: Business Overview

Figure 52 Plug Power Inc.: Company Snapshot, 2021

Table 271 Plug Power Inc.: Products Offered

Table 272 Plug Power Inc.: Product Launches

Table 273 Plug Power Inc.: Deals

Table 274 Plug Power Inc.: Others

12.1.5 Kyocera Corporation

Table 275 Kyocera Corporation: Business Overview

Figure 53 Kyocera Corporation: Company Snapshot, 2020

Table 276 Kyocera Corporation: Products Offered

Table 277 Kyocera Corporation: Product Launches

12.1.6 Ceres

Table 278 Ceres: Business Overview

Figure 54 Ceres: Company Snapshot, 2021

Table 279 Ceres: Products Offered

Table 280 Ceres: Deals

Table 281 Ceres: Others

12.1.7 Cummins Inc.

Table 282 Cummins Inc.: Business Overview

Figure 55 Cummins Inc.: Company Snapshot, 2021

Table 283 Cummins Inc.: Products Offered

Table 284 Cummins Inc.: Deals

Table 285 Cummins Inc.: Others

12.1.8 Powercell Sweden Ab

Table 286 Powercell Sweden Ab: Business Overview

Figure 56 Powercell Sweden Ab: Company Snapshot, 2021

Table 287 Powercell Sweden Ab: Products Offered

Table 288 Powercell Sweden Ab: Product Launches

Table 289 Powercell Sweden Ab: Deals

Table 290 Powercell Sweden Ab.: Others

12.1.9 Toshiba Corporation

Table 291 Toshiba Corporation: Business Overview

Figure 57 Toshiba Corporation: Company Snapshot, 2020

Table 292 Toshiba Corporation: Products Offered

Table 293 Toshiba Corporation: Deals

12.1.10 Ballard Power Systems

Table 294 Ballard Power Systems: Business Overview

Figure 58 Ballard Power Systems: Company Snapshot, 2021

Table 295 Ballard Power Systems: Products Offered

Table 296 Ballard Power Systems: Product Launches

Table 297 Ballard Power Systems: Deals

Table 298 Ballard Power Systems: Others

12.1.11 Sfc Energy Ag

Table 299 Sfc Energy Ag: Business Overview

Figure 59 Sfc Energy Ag: Company Snapshot, 2021

Table 300 Sfc Energy: Products Offered

Table 301 Sfc Energy Ag: Product Launches

Table 302 Sfc Energy Ag: Deals

12.1.12 Mitsubishi Heavy Industries, Ltd.

Table 303 Mitsubishi Heavy Industries, Ltd.: Business Overview

Figure 60 Mitsubishi Heavy Industries, Ltd.: Company Snapshot, 2020

Table 304 Mitsubishi Heavy Industries, Ltd.: Products Offered

Table 305 Mitsubishi Heavy Industries, Ltd.: Deals

12.1.13 Afc Energy plc

Table 306 Afc Energy plc: Business Overview

Figure 61 Afc Energy plc: Company Snapshot, 2021

Table 307 Afc Energy plc: Products Offered

Table 308 Afc Energy plc: Deals

Table 309 Afc Energy plc: Others

12.1.14 Elringklinger Ag

Table 310 Elringklinger Ag: Business Overview

Figure 62 Elringklinger Ag: Company Snapshot, 2021

Table 311 Elringklinger Ag: Products Offered

Table 312 Elringklinger Ag: Deals

12.1.15 Fuji Electric Co., Ltd.

Table 313 Fuji Electric Co., Ltd.: Business Overview

Figure 63 Fuji Electric Co., Ltd.: Company Snapshot, 2020

Table 314 Fuji Electric Co., Ltd.: Products Offered

12.1.16 Proton Motor Power Systems plc

Table 315 Proton Motor Power Systems plc: Business Overview

Figure 64 Proton Motor Power Systems plc: Company Snapshot, 2020

Table 316 Proton Motor Power Systems plc: Products Offered

Table 317 Proton Motor Power Systems plc: Deals

12.2 Other Players

12.2.1 Adaptive Energy

Table 318 Adaptive Energy: Business Overview

12.2.2 Adelan

Table 319 Adelan: Business Overview

12.2.3 Special Power Source

Table 320 Special Power Source: Business Overview

12.2.4 Ztek Corporation, Inc.

Table 321 Ztek Corporation, Inc.: Business Overview

12.2.5 Solidpower S.P.A

Table 322 Solidpower S.P.A: Business Overview

12.2.6 Watt Fuel Cell Corporation

Table 323 Watt Fuel Cell Corporation: Business Overview

12.2.7 Avl List GmbH

Table 324 Avl List GmbH: Business Overview

12.2.8 Altergy

Table 325 Altergy: Business Overview

12.2.9 Microrganic Technolgies

Table 326 Microrganic Technologies: Business Overview

12.2.10 Nedstack Fuel Cell Technology Bv

Table 327 Nedstack Fuel Cell Technology Bv: Business Overview

12.2.11 Intelligent Energy Limited

Table 328 Intelligent Energy Limited: Business Overview

12.2.12 Horizon Fuel Cell Technologies

Table 329 Horizon Fuel Cell Technologies: Business Overview

12.2.13 Nuvera Fuel Cells, LLC

Table 330 Nuvera Fuel Cells, LLC: Business Overview

12.2.14 Powerup Energy Technologies

Table 331 Powerup Energy Technologies: Business Overview

*Business Overview and Financial Review, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies.

13 Appendix

13.1 Insights of Industry Experts

13.2 Discussion Guide

13.3 Knowledge Store: The Subscription Portal

13.4 Available Customizations

Companies Mentioned

  • Adaptive Energy
  • Adelan
  • Afc Energy plc
  • Aisin Corporation
  • Altergy
  • Avl List GmbH
  • Ballard Power Systems
  • Bloom Energy
  • Ceres
  • Cummins Inc.
  • Doosan Fuel Cell Co., Ltd.
  • Elringklinger Ag
  • Fuji Electric Co., Ltd.
  • Horizon Fuel Cell Technologies
  • Intelligent Energy Limited
  • Kyocera Corporation
  • Microrganic Technolgies
  • Mitsubishi Heavy Industries, Ltd.
  • Nedstack Fuel Cell Technology Bv
  • Nuvera Fuel Cells, LLC
  • Plug Power Inc.
  • Powercell Sweden Ab
  • Powerup Energy Technologies
  • Proton Motor Power Systems plc
  • Sfc Energy Ag
  • Solidpower S.P.A
  • Special Power Source
  • Toshiba Corporation
  • Watt Fuel Cell Corporation
  • Ztek Corporation, Inc.

     

     

For more information about this report visit https://www.researchandmarkets.com/r/wui0bt

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.