Allied Market Research

2024

Fuel Cell Technology Market

Fuel Cell Technology Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Storage and Distribution

Select an option
Author's: | Eswara Prasad
Publish Date:

Get Sample to Email

Fuel cells are used for converting chemical energy into electrical energy. The conversion takes place via electromechanical reactions, for example battery. However, the fuel is mainly supplied from the outside; thus making these cells feel as if the engine is converting fuel electricity without actually burning it. The adoption rate of fuel cells has increased owing to the rising need for clean energy. Furthermore, the dramatic shift and focus towards generation of renewable energy coupled by government initiatives has kept the future of the market robust.

Growing private as well as public investments are driving the market. In addition, the high energy density of the fuel cells compared to the conventional battery has further added to the growth of the market. Moreover, need resilient energy equipment, benefits over backup power and recent developments in hydrogen storage has kept the future of the market bright. High catalyst cost and lack of proper fuel infrastructure have hindered the growth of the fuel cell market. However, advent of new technologies and growing demand of fuel cell automobiles would create greater opportunities.

The fuel cell technology market is segmented based on applications, types and geography. The applications covered in the market research report are stationary, transport and portable. Types discussed during the study are MCFC, PEMFC, SOFC, DMFC and PAFC. Regions such North America, Europe, Asia Pacific and LAMEA would observe tremendous growth.

Key market players active in the industry are Ballard, Ceramic Fuel Cell, FuelCell Energy, Hydrogenics, Panasonic Corporation, Toshiba Corporation, Ballard Power Systems Inc. and Doosan Corporation.

KEY BENEFITS FOR STAKEHOLDERS:

  • The market research report provides integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
  • The study further drills down to produce data volume by components, end customers and demography.
  • SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
  • Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
  • The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
  • Study further weighs up on the prominent market players and their business strategies to maintain their position.
  • Assessment of upstream and downstream market also forms an important part of the report.

Fuel Cell Technology Market Report Highlights

Aspects Details
icon_5
By Type
  • MCFC
  • PEMFC
  • SOFC
  • DMFC
  • PAFC
icon_6
By Application
  • Stationary
  • Transport
  • Portable
icon_7
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, UK, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, Saudi Africa, Rest of LAMEA)
icon_8
Key Market Players

Ceramic Fuel Cells Limited, Ballard Power Systems, Hydrogenics, Nedstack, Bloom Energy, Viessmann, SFC Energy, FuelCell Energy, Plug Power, Toshiba

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Fuel Cell Technology Market

Global Opportunity Analysis and Industry Forecast, 2023-2032