North America Fuel Cell Technology Market Size- By Application, By Types, By Fuel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
North America Fuel Cell Technology Market Introduction and Overview
According to SPER market research, ‘North America Fuel Cell Technology Market Size- By Application, By Types, By Fuel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Fuel Cell Technology Market is predicted to reach USD XX billion by 2033 with a CAGR of 15.18%.
An electrochemical device known as a fuel cell uses the chemical reaction of hydrogen and oxygen to produce energy. It provides a clean and effective power source by utilizing the principle of turning chemical energy into electrical energy. In the commercial sector, fuel cell technology is rapidly gaining traction as an effective and sustainable energy source. Similar to what happens in a battery, electromagnetic processes facilitate the conversion.
Lockdown measures implemented in reaction to the COVID-19 outbreak resulted in a temporary ban on import and export, as well as manufacturing and processing operations, in several different industries and electrical grids. As a result, these customers’ demand for fuel cells decreased. The stoppage of building on new power company infrastructures, green power plants, grid networks, and other power plants due to a labor shortage and widening demand-supply gap was another obstacle to the market’s expansion.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Technology, By Types, By Fuel
Regions covered United States, Canada, Rest of North America
Companies Covered
Ballard Power Systems Inc, Bloom Energy Corp, Clearedge Power, Fuelcell Energy, Hydrogenics Corporation, Nuvera Fuel Cells, Oorja Protonics, Plug Power Inc, Protonex Technology Corporation.
North America Fuel Cell Technology Market Segmentation
By Application:Based on the Application, North America Fuel Cell Technology Market is segmented as; Portable, Stationary, Transport.
By Types: Based on the Types, North America Fuel Cell Technology Market is segmented as; Polymer/Proton Exchange Membrane Fuel Cells(PEMFC), Direct Methanol Fuel Cells (DMFC), Phosphoric Acid Fuel Cell(PAFC), Solid Oxide Fuel Cell(SOFC), Molten Carbonate Fuel Cell(MCFC).
By Fuel: Based on the Fuel, North America Fuel Cell Technology Market is segmented as; Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas.
By Region:This research includes data for United States, Canada, Rest of North America.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the North America Fuel Cell Technology Market.
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. North America Fuel Cell Technology Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Fuel Cell Technology Market
- 7. North America Fuel Cell Technology Market, By Application (USD Million) 2020-2033
- 7.1. North America Fuel Cell Technology Market Size, Share and Forecast, By Application, 2020-2026
- 7.2. North America Fuel Cell Technology Market Size, Share and Forecast, By Application, 2027-2033
- 7.3. Portable
- 7.4. Stationary
- 7.5. Transport
- 8. North America Fuel Cell Technology Market, By Types (USD Million) 2020-2033
- 8.1. North America Fuel Cell Technology Market Size, Share and Forecast, By Types, 2020-2026
- 8.2. North America Fuel Cell Technology Market Size, Share and Forecast, By Types, 2027-2033
- 8.3. Polymer/Proton Exchange Membrane Fuel Cells (PEMFC)
- 8.4. Direct Methanol Fuel Cells (DMFC)
- 8.5. Phosphoric Acid Fuel Cell(PAFC)
- 8.6. Solid Oxide Fuel Cell(SOFC)
- 8.7. Molten Carbonate Fuel Cell(MCFC)
- 9. North America Fuel Cell Technology Market, By Fuel (USD Million)2 020-2033
- 9.1. North America Fuel Cell Technology Market Size, Share and Forecast, By Fuel, 2020-2026
- 9.2. North America Fuel Cell Technology Market Size, Share and Forecast, By Fuel, 2027-2033
- 9.3. Hydrogen
- 9.4. Natural Gas
- 9.5. Methanol
- 9.6. Anaerobic Digester Gas
- 10. North America Fuel Cell Technology Market Forecast, 2020-2033 (USD Million)
- 10.1. North America Fuel Cell Technology Market Size and Market Share
- 11. North America Fuel Cell Technology Market, By Region, 2020-2033 (USD Million)
- 11.1. North America Fuel Cell Technology Market Size and Market Share By Region (2020-2026)
- 11.2. North America Fuel Cell Technology Market Size and Market Share By Region (2027-2033)
- 11.3. United States
- 11.4. Canada
- 11.5. Rest of North America
- 12. Company Profile
- 12.1. Ballard Power System Inc
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Bloom Energy Corp
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Clearedge Power
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Fuelcell Energy
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Hydrogenics Corporation
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Nuvera Fuel Cells
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Oorja Protonics
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Plug Power Inc
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Protonex Technology Corporation
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Others
- 13. Conclusion
- 14. List of Abbreviations
- 15. Reference Links
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook