Worldwide Fuel Cell Market Analysis, Overview, Revenue, Robust Application, Growth & Forecasts to 2022
Fuel Cell Market will exceed USD 6 billion by 2024, as reported in the latest study by Market Size Forecasters
Favorable government policies pertaining to sustainable energy technologies along with increasing demand for FCEV’s will drive the fuel cell market share. Upsurge in funding by private institutions and government organizations including DOE, DAG Ventures and Credit Suisse toward technological advancement and innovations will stimulate the business landscape. In 2015, Credit Suisse funded USD 130 million in the Bloom Energy toward the development of SOFC technology in the U.S.
Japan fuel cell market is set to exceed 70 MW by 2024. Increasing concerns pertaining to security of supply along with growing adoption of clean energy technologies will propel the industry growth. Government backed extensive research and development projects along with development of hydrogen infrastructure across the nation will complement the industry outlook. In 2017, Hyundai unveiled its plan to launch second-generation hydrogen fuel cell vehicles, which will enhance the properties of the technology.
Fuel Cell Market by Manufacturers, Countries, Type and Application, Forecast to 2022 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 122 pages with table and figures in it.
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Fuel Cell Market: Manufactures Analysis:
Ceres Power, Hydrogenics Corporation, SFC, Ballard, Horizon, Bloom Energy, Plug Power, FuelCell Energy, Arcola, Toshiba, AFC Energy, UTC Power, Doosan and Panasonic. The industry has witnessed numerous mergers and acquisitions by industry players to expand their regional presence.
The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, U.K., France, Russia, Asia , Pacific, China, Japan, South Korea, Latin America, Brazil, Mexico, Middle East & Africa
SOFC in 2016, accounted for over 40% of the global fuel cell market share. Ongoing adoption of fuel cells across small and large stationary power generation systems will stimulate the industry growth. These cells operate at high temperatures ranging between 8000C to 1,0000C and have an efficiency of over 60% when converted from fuel to electricity. High efficiency, stability, comparatively low cost, fuel flexibility and low emissions are some of the key features that will enhance the product penetration.
Fuel Cell Market By Product
Fuel Cell Market By Application
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Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
Chapter 2. Executive Summary
2.1. Fuel Cell industry 360 degree synopsis, 2014 – 2024
2.1.1. Business trends
2.1.2. Product trends
Chapter 3 Fuel Cell Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million) (MW)
3.3 Industry ecosystem analysis
Chapter 4 Fuel Cell Market, By Product
4.1 Fuel cell market share by product, 2016 & 2024
4.2.1 Global market from PEMFC, 2013 – 2024
4.2.2 Global market from PEMFC, by region, 2013 – 2024
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