The global fuel cell technology market is expected to grow from an estimated $3.98 billion in 2017 to $+7 billion by 2022, with a CAGR of +17% from 2017 to 2022. Fuel cells convert chemical energy into electrical energy through an electromechanical reaction, like a battery; the only difference is that the fuel is supplied from outside; thereby making the fuel cell feel like an engine converting fuel into electricity without burning it. Fuel cells are of different types such as proton exchange membrane (PEM), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC) and many more differentiated ones based on the components used and type of reaction taking place within the cell. They can use a variety of fuels such as hydrogen, methanol, biogas, natural gas, and hydrocarbons. When working with hydrogen, fuel cells generate water as outcome and produce electricity with zero emission.
The fuel cell technology market holds a substantial scope for growth globally. The market is in its maturity stage; however, its contribution to the global market is expected to increase significantly in the next six years.
High cost is a major limitation for purchasing fuel cells. However, recent innovations such as embedding high efficiency portable technologies are likely to reach a wider segment of audience.
Numerous players are entering the fuel cell industry with innovative products. Emerging technology such as new type of fuel cells is expected to increase the competition in the years to come.
Key Players Profiled in this Report:
Ballard Power Systems
Ceramic Fuel Cell (Australia)
FuelCell Energy (U.S.)
Plug Power (U.S.)
SFC Energy AG
United States, North America, Europe, China, Japan, Southeast Asia, India and RoW.
Various factors are responsible behind the market’s growth trail, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global fuel cell technology market.
It also gauges the bargaining power of suppliers and buyers, threat to the new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report.
It studies the fuel cell technology market’s trajectory between forecast periods.
Trusted current state analysis tools, such as Porter’s five forces analysis and SWOT analysis are employed in the report to assess the fuel cell technology market data to deploy a complete overview of the market. Furthermore, this report gives a complete review of the magnitude and application scope of the fuel cell technology market around the world.
As leading companies take efforts to maintain their dominance in the global Fuel Cell Technology market, the right way to do so is by adopting new technologies and strategies. The report highlights major technological developments and changing trends adopted by key companies over a period of time.
Key companies operating in this global market are profiled by considering factors such as capacity production, products/services, applications, cost, gross, and revenue.
Table of Contents
Global Fuel Cell Technology Market Research Report 2017
Chapter 1 Fuel Cell Technology Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Fuel Cell Technology Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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