Fuel Cell Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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from $4,595	220 Pages	Fairfield Market Research	July, 2023	FCSL18089938

Best Price Guarantee
Price	from $4,595
Length	220 Pages
Publisher	Fairfield Market Research
Published Date	July, 2023
SKU	FCSL18089938

The urgent need to reduce greenhouse gas emissions and combat climate change is expected to lead to a higher adoption of cleaner energy solutions. Fuel cells, which generate electricity through electrochemical reactions with hydrogen or other fuels, are emerging as a promising answer to this challenge, producing minimal to no emissions. The global fuel cell market is projected to experience robust growth, driven by the gradual transition to cleaner energy solutions and ongoing advancements in fuel cell technology.

Advancements in Fuel Cell Technology Enhance Efficiency and Suitability

Continuous progress in fuel cell technology has led to improvements in efficiency, performance, and reliability. Innovations in materials, catalysts, and system designs are making fuel cells more cost-effective, durable, and suitable for various applications. This progress is making fuel cells more appealing to industries and end-users seeking sustainable energy solutions. Additionally, the implementation of favorable incentive plans and policies that promote the adoption of fuel cell technology is expected to further augment the global fuel cell market.

Segmentation Analysis

The global fuel cell market is segmented based on Fuel Cell Type, End-User Industry, Application, and Region. Among Fuel Cell Types, the Proton Exchange Membrane Fuel Cells (PEMFC) sub-segment is projected to hold the majority share due to advantages such as high-power density, quick start-up time, and versatility for various applications. In terms of Applications, the Transportation sub-segment is expected to account for the largest market share. As for End-User Industries, the Automotive sub-segment is predicted to dominate the global fuel cell market.

Regional Analysis

North America, particularly the United States, has been at the forefront of fuel cell deployment with initiatives promoting their adoption in stationary power, transportation, and portable applications. Europe is also a crucial region for the fuel cell market, driven by the growing demand for cleaner and sustainable energy solutions. However, Asia Pacific is set to witness significant growth, especially in residential power generation and hydrogen infrastructure development.

Key Market Players

The competitive landscape of the global fuel cell market is dominated by major players such as Bloom Energy (US), Aisin Corporation (Japan), Plug Power Inc. (US), Kyocera Corporation (Japan), Toyota Corporation (Japan), Doosan Fuel Cell Co. Ltd. (South Korea), Ceres (UK), PowerCell Sweden AB (Sweden), Hyzon Motors Inc. (US), Cummins Inc. (US), Toshiba Corporation (Japan), SFC Energy AG (Germany), and Ballard Power Systems (Canada).

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1. Executive Summary: 1.1. Global Fuel Cell Market Snapshot; 1.2. Key Market Trends; 1.3. Future Projections; 1.4. Analyst Recommendations
2. Market Overview: 2.1. Market Definitions and Segmentations; 2.2. Market Dynamics; 2.2.1. Drivers; 2.2.1.1. Driver A; 2.2.1.2. Driver B; 2.2.1.3. Driver C; 2.2.2. Restraints; 2.2.2.1. Restraint 1; 2.2.2.2. Restraint 2; 2.2.3. Market Opportunities Matrix; 2.3. Value Chain Analysis; 2.4. Porter’s Five Forces Analysis; 2.5. Covid-19 Impact Analysis; 2.5.1. Pre-covid and Post-covid Scenario; 2.5.2. Supply Impact; 2.5.3. Demand Impact; 2.6. Government Regulations; 2.7. Technology Landscape; 2.8. Impact of Fuel Cell on Electric Vehicles; 2.9. Economic Analysis; 2.10. PESTLE
3. Production Output and Trade Statistics, 2019 - 2022: 3.1. Supply-Demand Analysis; 3.2. Regional Production Statistics; 3.2.1. North America; 3.2.2. Europe; 3.2.3. Asia Pacific; 3.2.4. Latin America; 3.2.5. Middle East & Africa; 3.3. Trade Statistics
4. Price Trends Analysis and Future Projects, 2019 - 2030: 4.1. Key Highlights; 4.2. Prominent Factors Affecting Prices; 4.3. By Technology; 4.4. By Region
5. Global Fuel Cell Market Outlook, 2019 - 2030: 5.1. Global Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 5.1.1. Key Highlights; 5.1.1.1. Proton Exchange Membrane Fuel Cell (PEMFC); 5.1.1.2. Solid Oxide Fuel Cell (SOFC); 5.1.1.3. Phosphoric Acid Fuel Cell (PAFC); 5.1.1.4. Alkaline Fuel Cell (AFC); 5.1.1.5. Microbial Fuel Cell (MFC); 5.1.1.6. Direct Methanol Fuel Cell (DMFC); 5.1.2. BPS Analysis/Market Attractiveness Analysis; 5.2. Global Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 5.2.1. Key Highlights; 5.2.1.1. Portable; 5.2.1.2. Stationary; 5.2.1.3. Transportation; 5.2.2. BPS Analysis/Market Attractiveness Analysis; 5.3. Global Fuel Cell Market Outlook, by Region, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 5.3.1. Key Highlights; 5.3.1.1. North America; 5.3.1.2. Europe; 5.3.1.3. Asia Pacific; 5.3.1.4. Latin America; 5.3.1.5. Middle East & Africa; 5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Fuel Cell Market Outlook, 2019 - 2030: 6.1. North America Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 6.1.1. Key Highlights; 6.1.1.1. Proton Exchange Membrane Fuel Cell (PEMFC); 6.1.1.2. Solid Oxide Fuel Cell (SOFC); 6.1.1.3. Phosphoric Acid Fuel Cell (PAFC); 6.1.1.4. Alkaline Fuel Cell (AFC); 6.1.1.5. Microbial Fuel Cell (MFC); 6.1.1.6. Direct Methanol Fuel Cell (DMFC); 6.2. North America Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 6.2.1. Key Highlights; 6.2.1.1. Portable; 6.2.1.2. Stationary; 6.2.1.3. Transportation; 6.3. North America Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 6.3.1. Key Highlights; 6.3.1.1. U.S.; 6.3.1.2. Canada; 6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Fuel Cell Market Outlook, 2019 - 2030: 7.1. Europe Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 7.1.1. Key Highlights; 7.1.1.1. Proton Exchange Membrane Fuel Cell (PEMFC); 7.1.1.2. Solid Oxide Fuel Cell (SOFC); 7.1.1.3. Phosphoric Acid Fuel Cell (PAFC); 7.1.1.4. Alkaline Fuel Cell (AFC); 7.1.1.5. Microbial Fuel Cell (MFC); 7.1.1.6. Direct Methanol Fuel Cell (DMFC); 7.1.2. BPS Analysis/Market Attractiveness Analysis; 7.2. Europe Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 7.2.1. Key Highlights; 7.2.1.1. Portable; 7.2.1.2. Stationary; 7.2.1.3. Transportation; 7.3. Europe Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 7.3.1. Key Highlights; 7.3.1.1. Germany; 7.3.1.2. France; 7.3.1.3. U.K.; 7.3.1.4. Italy; 7.3.1.5. Spain; 7.3.1.6. Turkey; 7.3.1.7. Russia; 7.3.1.8. Rest of Europe; 7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Fuel Cell Market Outlook, 2019 - 2030: 8.1. Asia Pacific Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 8.1.1. Key Highlights; 8.1.1.1. Proton Exchange Membrane Fuel Cell (PEMFC); 8.1.1.2. Solid Oxide Fuel Cell (SOFC); 8.1.1.3. Phosphoric Acid Fuel Cell (PAFC); 8.1.1.4. Alkaline Fuel Cell (AFC); 8.1.1.5. Microbial Fuel Cell (MFC); 8.1.1.6. Direct Methanol Fuel Cell (DMFC); 8.2. Asia Pacific Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 8.2.1. Key Highlights; 8.2.1.1. Portable; 8.2.1.2. Stationary; 8.2.1.3. Transportation; 8.3. Asia Pacific Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 8.3.1. Key Highlights; 8.3.1.1. China; 8.3.1.2. Japan; 8.3.1.3. South Korea; 8.3.1.4. India; 8.3.1.5. Southeast Asia; 8.3.1.6. Rest of Asia Pacific; 8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Fuel Cell Market Outlook, 2019 - 2030: 9.1. Latin America Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 9.1.1. Key Highlights; 9.1.1.1. Proton Exchange Membrane Fuel Cell (PEMFC); 9.1.1.2. Solid Oxide Fuel Cell (SOFC); 9.1.1.3. Phosphoric Acid Fuel Cell (PAFC); 9.1.1.4. Alkaline Fuel Cell (AFC); 9.1.1.5. Microbial Fuel Cell (MFC); 9.1.1.6. Direct Methanol Fuel Cell (DMFC); 9.2. Latin America Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 9.2.1. Key Highlights; 9.2.1.1. Portable; 9.2.1.2. Stationary; 9.2.1.3. Transportation; 9.3. Latin America Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 9.3.1. Key Highlights; 9.3.1.1. Brazil; 9.3.1.2. Mexico; 9.3.1.3. Rest of Latin America; 9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Fuel Cell Market Outlook, 2019 - 2030: 10.1. Middle East & Africa Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 10.1.1. Key Highlights; 10.1.1.1. Proton Exchange Membrane Fuel Cell (PEMFC); 10.1.1.2. Solid Oxide Fuel Cell (SOFC); 10.1.1.3. Phosphoric Acid Fuel Cell (PAFC); 10.1.1.4. Alkaline Fuel Cell (AFC); 10.1.1.5. Microbial Fuel Cell (MFC); 10.1.1.6. Direct Methanol Fuel Cell (DMFC); 10.2. Middle East & Africa Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 10.2.1. Key Highlights; 10.2.1.1. Portable; 10.2.1.2. Stationary; 10.2.1.3. Transportation; 10.3. Middle East & Africa Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 - 2030; 10.3.1. Key Highlights; 10.3.1.1. GCC; 10.3.1.2. South Africa; 10.3.1.3. Rest of Middle East & Africa; 10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape: 11.1. Company Market Share Analysis, 2022; 11.2. Competitive Dashboard; 11.3. Product vs Application Heatmap; 11.4. Company Profiles; 11.4.1. FuelCell Energy, Inc.; 11.4.1.1. Company Overview; 11.4.1.2. Product Portfolio; 11.4.1.3. Financial Overview; 11.4.1.4. Business Strategies and Development; 11.4.2. Cummins Inc.; 11.4.3. Bloom Energy; 11.4.4. Doosan Fuel Cell America, Inc.; 11.4.5. Ballard Power Systems Inc.; 11.4.6. Plug Power Inc.; 11.4.7. Horizon Fuel Cell Technologies; 11.4.8. Powercell Sweden AB; 11.4.9. Toshiba Corporation; 11.4.10. SFC Energy AG; 11.4.11. Mitsubishi Power; 11.4.12. Fuji Electric Co., Ltd.
12. Appendix: 12.1. Research Methodology; 12.2. Report Assumptions; 12.3. Acronyms and Abbreviations

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