Fuel Cell Market Trends

Fuel Cell Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024

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MarketStudyReport.com adds a new Fuel Cell Market research report for the period of 2017-2024 that focuses on the major drivers and restraints for the Global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 309 pages with tables and figures in it.

Increasing investments toward development of hydrogen refueling station coupled with rising demand for space heating across commercial and residential establishments will drive the fuel cell market share. Upsurge in installation of portable charging sources owing to increasing recreation activities will further stimulate the industry outlook. In 2017, the Government of UK granted a funding of USD 30.6 million toward the development of hydrogen vehicles and infrastructure.

Fuel Cell Market will exceed USD 6 billion by 2024; as per a new research report.

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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.

Key industry players across fuel cell market includes 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.

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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.

Regulatory policies pertaining to emissions along with increasing investments toward development of hydrogen infrastructure will drive the UK fuel cell market share. Increasing focus to replace the conventional power sources with the sustainable energy systems will further stimulate the industry growth. The Government of UK has planned to open 65 hydrogen refueling station by 2020 and 1,150 by 2030.

Wide applications area including FCEV’s, forklift trucks, two and three wheelers, light vehicles, trams, ferries, small boats and goods handling vehicles will boost the product adoption across transport sector. Ongoing deployment in e-bikes, UAVs, and in numerous commercial vehicles will further complement the fuel cell market growth. In 2016, the fuel cell vehicle sales in the U.S. grew to 5,000 units when compared to 4,000 units in 2015.

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Related Reports: –

Global Automotive Fuel Cells Market by Manufacturers, Countries, Type and Application, Forecast to 2022

A fuel cell is a device that generates electricity by a chemical reaction. Automotive fuel cells create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust they emit water vapor and warm air.


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New Research on Fuel Cell Market 2016 to 2020

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MarketStudyReport.com adds “Global Fuel Cell Market 2016-2020” new report to its research database. The report spread across 117 pages with table and figures in it.

The research analysts forecast the global fuel cell market to grow at a CAGR of 22.76% during the period 2016-2020.


About Fuel Cell

Fuel cells produce electricity by utilizing the power generated from electrochemical reactions. They use external sources of chemical energy such as hydrogen and oxygen to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons. The electrons then flow through the external circuit producing an electric current. All fuel cells are based on a standard design, wherein two electrodes are separated by an electrolyte. The electrolyte carries electrically charged particles. A catalyst is used to speed up or accelerate the electrochemical reaction within the fuel cells. Fuel cells can be used in small devices that are powered by a few watts of electricity and also in large power plants that produce megawatts (MW) of electrical energy. Fuel cells are categorized by the nature of the electrolyte used in them.


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Covered in this report
The report covers the present scenario and the growth prospects of the global fuel cell market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped to demarcate the market contours.

The market is divided into the following segments based on geography:

Research report, Global Fuel Cell Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Browse full table of contents and data tables at https://www.marketstudyreport.com/reports/global-fuel-cell-market-2016-2020/
Key vendors
Ballard Power Systems
Bloom Energy
Nuvera Fuel Cells
SFC Energy

Other prominent vendors
Altergy Systems
Ceramic Fuel Cells
Ceres Power
Delphi Automotive Systems
Doosan Fuel Cell
EnergyOr Technologies
FuelCell Energy
H2 Logic
Horizon Fuel Cell Technologies
Infintium Fuel Cell Systems
Intelligent Energy
Johnson Matthey Fuel Cells
LG Fuel Cell Systems
Mitsubishi Heavy Industries
Neah Power Systems
Oorja Protonics
Plug Power
Proton Motor Fuel Cell
Redox Power Systems
Shanghai Everpower Technologies
Symbio FCell
Ultra Electronics AMI

Market driver
Growing demand for efficient and cleaner technologies.
For a full, detailed list, view our report

Market challenge
Competition from alternative technologies.
For a full, detailed list, view our report

Market trend
Increase in R&D investment and activities.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?


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