Upcoming Allied Market Research
Global Fuel Cell Balance Of Plant (bop) Market

Global Fuel Cell Balance of Plant (BOP) Market

by Material (Structural Plastics, Elastomers, Coolants, Assembly Aids, Metals, and Others), and Component (Heat stabilizers, Plasticizers, Assembly aids, Solvents, and Others): Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14523
Pages: NA
Mar 2023 | 1742 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Global Fuel Cell Balance Of Plant (bop) Market

Request Now !

A fuel cell is a device that utilizes the chemical energy of a fuel, typically hydrogen or others to cleanly and efficiently produce electricity. Fuel Cell Balance of Plant (BOP) are the vital components for the optimal functioning of the fuel cell. Fuel cell balance of plant includes various components such as fuel processing system that requires a fuel reformer, heat exchangers, chemical reactors, fans/blowers, and burner; air management system that requires a turbine, compressor, heat exchangers, motor, and fan; and power conditioning system that comprises a converter, inverter, batteries, and motor. The global fuel cell balance of plant (BOP) market is expected to expand at a significant pace owing to an increase in the demand for fuel cells in various applications such as automotive, military, infrastructure, and industrial.

COVID-19 Impact analysis

The COVID-19 pandemic had a negative impact on the fuel cell balance of plant (BOP) market. The construction activities for both residential and commercial segments were on a halt or cancelled with the implementation of lockdowns across the globe as a measure to prevent the widespread of the COVID 19 pandemic. The maintenance of the pre-existing structures were also postponed. On the other hand, the supply chain got disrupted, hampering movement of man, material and money to restore the growth of the global building insulation materials market. 

Furthermore, the financial health of the automotive, construction & building industry as well as individuals also suffered from the impact of COVID 19 pandemic rendering the operators unable to install as well as the end users to purchase or utilize the fuel cell balance of plant (BOP). Since, the cost of fuel cell BOP depends upon the cost of raw materials, the prices went up due to the restricted supply of raw materials, owing to the lockdowns, production cuts as well as trade restrictions. All these factors, cumulatively led to the decline in the sales and revenues of the building insulation materials.

Top Impacting Factors

  • The growth in the requirement for clean energy, government initiatives to encourage the utilization of green energy, and the improvement of infrastructure to yield hydrogen fuel cell balance of plant is anticipated to facilitate the market growth. Therefore, the applications of the fuel cells Balance of Plant (BOP) are growing in several industries like automotive, military, infrastructure, and others.
  • Balance of Plant (BoP) are critical for the efficient operation of the fuel cell. It assists to optimize the system performance and manage the complete fuel cell system. Appropriate installation of BOP components is crucial to the timely commissioning of a fuel cell. BOP also plays a central role in optimizing the price at which fuel cells are offered, therefore providing prospects for cost savings. 
  • The capital investment in fuel cell BOP is high, compared to that required for other power plants such as solar and wind. It also faces the competition from other alternative sources of energy. These are the major restraints to the growth of balance of plant (BOP) market.
  • The fuel cell balance of plant (BOP) market is governed by the prevalent costs of raw materials used in manufacturing of the components. The selling price of a fuel cell is determined by the cost of BOP, which further relies upon the raw materials used in the production of these components.

Market Trends

  • New product launches to flourish the market: Rapid advancements in the technology of fuel cell BOP components are taking place, such as INN-BALANCE project by FCG JU are testing fuel cell BOP components for automobiles; whereas the CSIR in partnership with KPIT successfully tested a hydrogen car with locally developed fuel cells.
  • Asia-Pacific region is expected to dominate the global fuel cell BOP market, owing to the growth of end-use industries such as construction and automotive in countries, such as India, China, Japan, and South Korea. The favorable regulations by the governments to reduce their carbon footprints by adopting cleaner and greener fuels is anticipated to enhance the demand for fuel cells during the forecast period.
  • North America region is expected to follow Asia-Pacific region in fuel cell balance of fuel (BOP) market due to the presence of well-established industrial and manufacturing sectors in the region that can incorporate fuel cells as a source of power. On the other hand, the European nations are keen on developing portable fuel cells for the automobile industry, which is going to drive the market to new heights. 


Key Benefits of the Report

  • This study presents the analytical depiction of the Fuel Cell Balance of Plant (BOP) industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Fuel Cell Balance of Plant (BOP) market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Fuel Cell Balance of Plant (BOP) market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Fuel Cell Balance of Plant (BOP) market analysis based on competitive intensity and how the competition will take shape in coming years

Global Fuel Cell Balance of Plant (BOP) Market Report Highlights

Aspects Details
By Material
  • Structural Plastics
  • Elastomers
  • Coolants
  • Assembly Aids
  • Metals
  • Others
By Component
  • Heat stabilizers
  • Plasticizers
  • Assembly aids
  • Solvents
  • Other
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Spain, UK, Germany, Italy, France, Netherlands, Russia, Belgium, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Taiwan, Indonesia, Malaysia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Argentina, Colombia, Chile, UAE, Israel, Nigeria, Rest of LAMEA)
Key Market Players Ballard Power Systems, Bloom Energy, Cummins Inc., Doosan Fuel Cell America, Inc, Elcogen, HORIBA Group, Hydrogenics Corporations, INN Balance, SFC Energy AG.

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Global Fuel Cell Balance Of Plant (bop) Market

Start reading.
This Report and over 19,649+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers