Fuel Cell Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Fuel Cell market is expected to reach $7.4 billion by 2022 growing at a CAGR of 15.3% from 2014 to 2022. The adoption of fuel cells in transport and stationary applications are fueling the market growth. The governments in both emerging and developed nations are shifting towards renewable energy generation for clean energy due to exhaustion of oil & gas reserves. The reduction of pollution is one of the key reasons behind fuel cell adoption. Increasing investments, technological advancements and increasing adoption of fuel cells in emerging nations are the key factors favoring the market growth. Hydrogen, hydrocarbons, natural gas, methanol and biogas are the fuels, used in fuel cells. Fuel choice varies by region with hydrogen prevalent in the U.S., in Europe some adopters are trialing methanol, and natural gas and LPG dominating in the Asia-Pacific region.
Stationary fuel cells are poised to dominate the fuel cell market during the forecast period. Proton Exchange Membrane Fuel Cell (PEMFC) is the leading technology in fuel cells market and Solid Oxide Fuel Cells (SOFC) are expected to grow at a faster rate due to increasing applications in stationary power. Molten Carbonate Fuel Cells (MCFCs) are expected to have rapid growth during the forecast period. Asia Pacific has the leading market for fuel cells led by the increasing adoption in emerging nations such as Japan, China, India and South Korea. The developed nations in North America and Europe are focusing more on reducing green house gas emissions.
The key players of the market include, Fuelcell Energy, Toshiba Corporation, Panasonic Corporation, Hydrogenics Corporation, Bloom Energy, Electro Power Systems, Bosch Thermotechnology, Doosan Fuel Cell, and Ballard Power Systems.
Technologies Covered:
Stationary fuel cells are poised to dominate the fuel cell market during the forecast period. Proton Exchange Membrane Fuel Cell (PEMFC) is the leading technology in fuel cells market and Solid Oxide Fuel Cells (SOFC) are expected to grow at a faster rate due to increasing applications in stationary power. Molten Carbonate Fuel Cells (MCFCs) are expected to have rapid growth during the forecast period. Asia Pacific has the leading market for fuel cells led by the increasing adoption in emerging nations such as Japan, China, India and South Korea. The developed nations in North America and Europe are focusing more on reducing green house gas emissions.
The key players of the market include, Fuelcell Energy, Toshiba Corporation, Panasonic Corporation, Hydrogenics Corporation, Bloom Energy, Electro Power Systems, Bosch Thermotechnology, Doosan Fuel Cell, and Ballard Power Systems.
Technologies Covered:
- Proton exchange membrane fuel cell (PEMFC)
- Direct methanol fuel cell (DMFC)
- Solid oxide fuel cells (SOFC)
- Alkaline fuel cells (AFCs)
- Molten carbonate fuel cells (MCFCs)
- Phosphoric acid fuel cells (PAFCs)
- Transport
- Stationary
- Portable
- Fuel and Infrastructure
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia
- Rest of the World
- Latin America
- Middle East
- Africa
- Others
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Research Scope
2.3 Research Methodology
2.4 Research Sources
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL FUEL CELL MARKET, BY TECHNOLOGIES
5.1 Introduction
5.2 Proton exchange membrane fuel cell (PEMFC)
5.3 Direct methanol fuel cell (DMFC)
5.4 Solid oxide fuel cells (SOFC)
5.5 Alkaline fuel cells (AFCs)
5.6 Molten carbonate fuel cells (MCFCs)
5.7 Phosphoric acid fuel cells (PAFCs)
6 GLOBAL FUEL CELL MARKET, BY APPLICATION
6.1 Introduction
6.2 Transport
6.3 Stationary
6.4 Portable
6.5 Fuel and Infrastructure
7 GLOBAL FUEL CELL MARKET, BY GEOGRAPHY
7.1 North America
7.1.1 US
7.1.2 Canada
7.2 Europe
7.2.1 Germany
7.2.2 France
7.2.3 Italy
7.2.4 UK
7.2.5 Spain
7.3 Asia Pacific
7.3.1 Japan
7.3.2 China
7.3.3 India
7.3.4 Australia
7.3.5 New Zealand
7.3.6 Rest of Asia
7.4 Rest of the World
7.4.1 Latin America
7.4.2 Middle East
7.4.3 Africa
7.4.4 Others
8 KEY DEVELOPMENTS
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 COMPANY PROFILING
9.1 Fuelcell Energy
9.2 Toshiba Corporation
9.3 Panasonic Corporation
9.4 Hydrogenics Corporation
9.5 Bloom Energy
9.6 Electro Power Systems
9.7 Bosch Thermotechnology
9.8 Doosan Fuel Cell
9.9 Ballard Power Systems
2 PREFACE
2.1 Abstract
2.2 Research Scope
2.3 Research Methodology
2.4 Research Sources
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL FUEL CELL MARKET, BY TECHNOLOGIES
5.1 Introduction
5.2 Proton exchange membrane fuel cell (PEMFC)
5.3 Direct methanol fuel cell (DMFC)
5.4 Solid oxide fuel cells (SOFC)
5.5 Alkaline fuel cells (AFCs)
5.6 Molten carbonate fuel cells (MCFCs)
5.7 Phosphoric acid fuel cells (PAFCs)
6 GLOBAL FUEL CELL MARKET, BY APPLICATION
6.1 Introduction
6.2 Transport
6.3 Stationary
6.4 Portable
6.5 Fuel and Infrastructure
7 GLOBAL FUEL CELL MARKET, BY GEOGRAPHY
7.1 North America
7.1.1 US
7.1.2 Canada
7.2 Europe
7.2.1 Germany
7.2.2 France
7.2.3 Italy
7.2.4 UK
7.2.5 Spain
7.3 Asia Pacific
7.3.1 Japan
7.3.2 China
7.3.3 India
7.3.4 Australia
7.3.5 New Zealand
7.3.6 Rest of Asia
7.4 Rest of the World
7.4.1 Latin America
7.4.2 Middle East
7.4.3 Africa
7.4.4 Others
8 KEY DEVELOPMENTS
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 COMPANY PROFILING
9.1 Fuelcell Energy
9.2 Toshiba Corporation
9.3 Panasonic Corporation
9.4 Hydrogenics Corporation
9.5 Bloom Energy
9.6 Electro Power Systems
9.7 Bosch Thermotechnology
9.8 Doosan Fuel Cell
9.9 Ballard Power Systems
LIST OF TABLES
1 Global Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
2 Global Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
3 Global Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
4 Global Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
5 Global Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
6 Global Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
7 Global Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
8 Global Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
9 Global Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
10 Global Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
11 Global Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
12 Global Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
13 North America Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
14 North America Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
15 North America Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
16 North America Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
17 North America Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
18 North America Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
19 North America Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
20 North America Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
21 North America Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
22 North America Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
23 North America Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
24 North America Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
25 Europe Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
26 Europe Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
27 Europe Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
28 Europe Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
29 Europe Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
30 Europe Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
31 Europe Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
32 Europe Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
33 Europe Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
34 Europe Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
35 Europe Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
36 Europe Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
37 Asia Pacific Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
38 Asia Pacific Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
39 Asia Pacific Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
40 Asia Pacific Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
41 Asia Pacific Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
42 Asia Pacific Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
43 Asia Pacific Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
44 Asia Pacific Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
45 Asia Pacific Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
46 Asia Pacific Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
47 Asia Pacific Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
48 Asia Pacific Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
49 Rest of the World Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
50 Rest of the World Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
51 Rest of the World Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
52 Rest of the World Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
53 Rest of the World Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
54 Rest of the World Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
55 Rest of the World Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
56 Rest of the World Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
57 Rest of the World Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
58 Rest of the World Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
59 Rest of the World Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
60 Rest of the World Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
1 Global Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
2 Global Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
3 Global Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
4 Global Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
5 Global Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
6 Global Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
7 Global Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
8 Global Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
9 Global Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
10 Global Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
11 Global Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
12 Global Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
13 North America Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
14 North America Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
15 North America Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
16 North America Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
17 North America Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
18 North America Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
19 North America Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
20 North America Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
21 North America Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
22 North America Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
23 North America Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
24 North America Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
25 Europe Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
26 Europe Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
27 Europe Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
28 Europe Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
29 Europe Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
30 Europe Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
31 Europe Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
32 Europe Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
33 Europe Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
34 Europe Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
35 Europe Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
36 Europe Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
37 Asia Pacific Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
38 Asia Pacific Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
39 Asia Pacific Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
40 Asia Pacific Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
41 Asia Pacific Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
42 Asia Pacific Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
43 Asia Pacific Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
44 Asia Pacific Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
45 Asia Pacific Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
46 Asia Pacific Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
47 Asia Pacific Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
48 Asia Pacific Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)
49 Rest of the World Fuel Cell Market Outlook, By Technologies (2012-2022) ($MN)
50 Rest of the World Fuel Cell Market Outlook, By Proton exchange membrane fuel cell (PEMFC) (2012-2022) ($MN)
51 Rest of the World Fuel Cell Market Outlook, By Direct methanol fuel cell (DMFC) (2012-2022) ($MN)
52 Rest of the World Fuel Cell Market Outlook, By Solid oxide fuel cells (SOFC) (2012-2022) ($MN)
53 Rest of the World Fuel Cell Market Outlook, By Alkaline fuel cells (AFCs) (2012-2022) ($MN)
54 Rest of the World Fuel Cell Market Outlook, By Molten carbonate fuel cells (MCFCs) (2012-2022) ($MN)
55 Rest of the World Fuel Cell Market Outlook, By Phosphoric acid fuel cells (PAFCs) (2012-2022) ($MN)
56 Rest of the World Fuel Cell Market Outlook, By Application (2012-2022) ($MN)
57 Rest of the World Fuel Cell Market Outlook, By Transport (2012-2022) ($MN)
58 Rest of the World Fuel Cell Market Outlook, By Stationary (2012-2022) ($MN)
59 Rest of the World Fuel Cell Market Outlook, By Portable (2012-2022) ($MN)
60 Rest of the World Fuel Cell Market Outlook, By Fuel and Infrastructure (2012-2022) ($MN)