Market Study Report newly added the Global Fuel Cell Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
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The global fuel cell market is estimated to reach USD 13.71 billion by 2026 growing at a CAGR of 17.5% during the forecast period, according to a new study. The report Fuel Cell Market Share, Size, Trends, & Industry Analysis Report, By Type (Solid Oxide Fuel Cells, Phosphoric Acid Fuel Cells, Proton Exchange Membrane Fuel Cells, Molten Carbonate Fuel Cells); By Application; By Region: Segment Forecast, 2019 – 2026 provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the stationary application segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
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Asia-Pacific generated the highest revenue in the fuel cell industry in 2018 and is expected to lead the global market throughout the forecast period. The increasing awareness among consumers, and rising environmental concerns drive the fuel cell market growth in the region. The governments in the region are investing significantly to promote the adoption of fuel Cell. The increasing application of fuel cells in commercial, and transportation sector further supports the market growth in the region. The increasing penetration fuel cell electric vehicles, and significant increase in power consumption accelerates the adoption of fuel cells in the region.
The Phosphoric Acid Fuel Cells (PAFCs) use liquid phosphoric acid, ceramic electrolyte and a platinum catalyst. PAFCs operate at a higher temperature and are capable of handling small amounts of fuel impurities. PAFCs are used in high-energy demand applications, such as hospitals, schools, and manufacturing and processing centers. Solid Oxide Fuel Cell (SOFCs) are the highest temperature fuel cells, operating at about 1800 degrees Fahrenheit. SOFCs use a dense layer of ceramic as an electrolyte, a non-platinum catalyst, and are commonly fueled by natural gas. SOFCs can achieve electrical efficiencies of 50% to 60%, and 70%-80% in CHP applications. SOFCs are used in applications such as small residential auxiliary power units, and large-scale stationary power generators for buildings and businesses.
Government regulations and favorable public initiatives regarding energy consumption have boosted the adoption of fuel cell. Growing concerns regarding environment, increasing demand for unconventional energy sources, and increasing adoption of power efficient energy systems further support the market growth. Additionally, higher efficiency offered by fuel cells as compared to other power generating systems, and growth in adoption of distributed power system would boost the market growth during the forecast period.
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The well-known companies profiled in the report include Aisin Seiki Co. Ltd., Ceres Power Holdings PLC, Plug Power Inc., Panasonic Corporation, Ballard Power Systems, Inc., Nedstack Fuel Cell Technology, Horizon Fuel Cell Technologies, Intelligent Energy Limited, Mitsubishi Hitachi Power Systems, Ltd., and Toshiba Fuel Cell Power Systems Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Table of Contents:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Fuel Cell Market Insights
3.1. Fuel Cell Industry snapshot
3.2. Fuel Cell – Ecosystem analysis
3.3. Fuel Cell Market Dynamics
3.3.1. Fuel Cell Market Forces
3.3.1.1. Fuel Cell Market Driver Analysis
3.3.1.2. Fuel Cell Market Restraint/Challenges analysis
3.3.1.3. Fuel Cell Market Opportunity Analysis
3.4. Industry analysis – Porter’s five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Fuel Cell Market PEST Analysis
3.6. Fuel Cell Market Value Chain Analysis
3.7. Fuel Cell Industry Trends
3.8. Competitive Ranking Analysis, 2017
4. Fuel Cell Market Size and Forecast, 2018-2026 by Type
4.1. Key Findings
4.2. Solid Oxide Fuel Cells
4.3. Phosphoric Acid Fuel Cells
4.4. Proton Exchange Membrane Fuel Cells
4.5. Molten Carbonate Fuel Cells
4.6. Others
5. Fuel Cell Market Size and Forecast, 2018-2026 by Application
6. Fuel Cell Market Size and Forecast, 2018-2026 by Region
7. Company Profiles
Related Report:
Global Automotive Direct Methanol Fuel Cell Market Insights, Forecast to 2025
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. The Automotive Direct Methanol Fuel Cell market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Direct Methanol Fuel Cell. The Direct Methanol Fuel Cell (DMFC) is a subset of the Proton Exchange Membrane (PEM) fuel cell technology.
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Source URL: https://marketersmedia.com/at-175-cagr-fuel-cell-market-size-is-estimated-to-reach-1371-bn-by-2026/512109
Source: MarketersMedia
Release ID: 512109
