Asia Pacific Fuel Cell Market 2021-2031 by Product (PEMFC, PAFC, SOFC, MCFC, DMFC, AFC), Capacity (200 Kw or below, above 200 Kw), Application (Stationary, Transportation, Portable), End User, and Country: Trend Forecast and Growth Opportunity

July 2022 | 116 pages | ID: ADB2A2ADCDA5EN
GMD Research

Abstracts

Asia Pacific fuel cell market will grow by 22.1% annually with a total addressable market cap of $131,044.1 million over 2022-2031, driven by the increasing need for clean power generation, stringent norms on greenhouse gas (GHG) emission across the globe, increasing R&D grants and government incentives, and the mounting environmental concerns and expanding urbanization.

Highlighted with 45 tables and 45 figures, this 116-page report “Asia Pacific Fuel Cell Market 2021-2031 by Product (PEMFC, PAFC, SOFC, MCFC, DMFC, AFC), Capacity (200 Kw or below, above 200 Kw), Application (Stationary, Transportation, Portable), End User, and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Asia Pacific fuel cell market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific fuel cell market in every aspect of the classification from perspectives of Product, Capacity, Application, End User, and Country.

Based on Product, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn), capacity (MW), and volume (units) for 2021-2031 included in each section.

• Proton Exchange Membrane Fuel Cell (PEMFC)
• Phosphoric Acid Fuel Cell (PAFC)
• Solid Oxide Fuel Cell (SOFC)
• Molten Carbonate Fuel Cell (MCFC)
• Direct Methanol Fuel Cell (DMFC)
• Alkaline Fuel Cell (AFC)
• Other Fuel Cells

Based on Capacity, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Small Scale (Up to 200 Kw)
• Large Scale (Above 200 Kw)

By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn), capacity (MW), and volume (units) for 2021-2031 included in each section.

• Stationary
• Transportation
• Portable

By End User, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Transportation
• Utilities & Government/Municipal Institutes
• Residential
• Commercial & Industrial
• Data Centers
• Military & Defense

Geographically, the following national/local markets are fully investigated:

• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Product, Capacity and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Ballard Power Systems Inc.

Bloom Energy Corp.

Ceres Power Holdings PLC

Cummins Inc.

Doosan Fuel Cell America, Inc.

FuelCell Energy Inc.

Horizon Fuel Cell Technologies Pte. Ltd.

Hydrogenics Corporation

Intelligent Energy Limited

Mitsubishi Hitachi Power Systems Ltd.

Nedstack Fuel Cell Technology BV

Nuvera Fuel Cells Inc. (Nuvera Fuel Cells LLC)

Panasonic Corporation

Plug Power Inc.

PowerCell Sweden AB

SFC Energy AG

Toshiba Energy Systems & Solutions Corporation

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF ASIA PACIFIC MARKET BY PRODUCT

3.1 Market Overview by Product
3.2 Proton Exchange Membrane Fuel Cell (PEMFC)
3.3 Phosphoric Acid Fuel Cell (PAFC)
3.4 Solid Oxide Fuel Cell (SOFC)
3.5 Molten Carbonate Fuel Cell (MCFC)
3.6 Direct Methanol Fuel Cell (DMFC)
3.7 Alkaline Fuel Cell (AFC)
3.8 Other Fuel Cells

4 SEGMENTATION OF ASIA PACIFIC MARKET BY CAPACITY

4.1 Market Overview by Capacity
4.2 Small Scale (Up to 200 Kw)
4.3 Large Scale (Above 200 Kw)

5 SEGMENTATION OF ASIA PACIFIC MARKET BY APPLICATION

5.1 Market Overview by Application
5.2 Stationary
5.3 Transportation
5.4 Portable

6 SEGMENTATION OF ASIA PACIFIC MARKET BY END USER

6.1 Market Overview by End User
6.2 Transportation
6.3 Utilities & Government/Municipal Institutes
6.4 Residential
6.5 Commercial & Industrial
6.6 Data Centers
6.7 Military & Defense

7 ASIA-PACIFIC MARKET 2021-2031 BY COUNTRY

7.1 Overview of Asia-Pacific Market
7.2 Japan
7.3 China
7.4 Australia
7.5 India
7.6 South Korea
7.7 Rest of APAC Region

8 COMPETITIVE LANDSCAPE

8.1 Overview of Key Vendors
8.2 New Product Launch, Partnership, Investment, and M&A
8.3 Company Profiles
Ballard Power Systems Inc.
Bloom Energy Corp.
Ceres Power Holdings PLC
Cummins Inc.
Doosan Fuel Cell America, Inc.
FuelCell Energy Inc.
Horizon Fuel Cell Technologies Pte. Ltd.
Hydrogenics Corporation
Intelligent Energy Limited
Mitsubishi Hitachi Power Systems Ltd.
Nedstack Fuel Cell Technology BV
Nuvera Fuel Cells Inc. (Nuvera Fuel Cells LLC)
Panasonic Corporation
Plug Power Inc.
PowerCell Sweden AB
SFC Energy AG
Toshiba Energy Systems & Solutions Corporation
RELATED REPORTS

List Of Tables

LIST OF TABLES

Table 1. Snapshot of Asia Pacific Fuel Cell Market in Balanced Perspective, 2021-2031
Table 2. World Economic Outlook, 2021-2031
Table 3. Pricing Trend of Lithium-ion Battery, USD per kWh, 2016-2031
Table 4. Main Product Trends and Market Opportunities in Asia Pacific Fuel Cell Market
Table 5. Comparison of Fuel Cell Products
Table 6. Asia Pacific Fuel Cell Market by Product, 2021-2031, Revenue ($ mn)
Table 7. Asia Pacific Fuel Cell Market by Product, 2021-2031, Capacity (MW)
Table 8. Asia Pacific Fuel Cell Market by Product, 2021-2031, Volume (units)
Table 9. Asia Pacific Fuel Cell Market by Product: Proton Exchange Membrane Fuel Cell (PEMFC), 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 10. Asia Pacific Fuel Cell Market by Product: Phosphoric Acid Fuel Cell (PAFC), 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 11. Asia Pacific Fuel Cell Market by Product: Solid Oxide Fuel Cell (SOFC), 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 12. Asia Pacific Fuel Cell Market by Product: Molten Carbonate Fuel Cell (MCFC), 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 13. Asia Pacific Fuel Cell Market by Product: Direct Methanol Fuel Cell (DMFC), 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 14. Asia Pacific Fuel Cell Market by Product: Alkaline Fuel Cell (AFC), 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 15. Asia Pacific Fuel Cell Market by Product: Other Fuel Cells, 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 16. Asia Pacific Fuel Cell Market by Capacity, 2021-2031, $ mn
Table 17. Asia Pacific Fuel Cell Market by Application, 2021-2031, Revenue ($ mn)
Table 18. Asia Pacific Fuel Cell Market by Application, 2021-2031, Capacity (MW)
Table 19. Asia Pacific Fuel Cell Market by Application, 2021-2031, Volume (units)
Table 20. Asia Pacific Fuel Cell Market by by Application: Stationary, 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 21. Asia Pacific Fuel Cell Market by by Application: Transportation, 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 22. Asia Pacific Fuel Cell Market by by Application: Portable, 2021-2031, Revenue ($ mn)/Capacity (MW)/Volume (units)
Table 23. Asia Pacific Fuel Cell Market by End User, 2021-2031, $ mn
Table 24. FCEV Volume in Selected National Markets in APAC, 2020-2030, thousand units
Table 25. Volume of Hydrogen Fueling Stations in Selected National Markets in APAC, 2020-2030, units
Table 26. APAC Fuel Cell Market by Country, 2021-2031, $ mn
Table 27. Japan Fuel Cell Market by Product, 2021-2031, $ mn
Table 28. Japan Fuel Cell Market by Capacity, 2021-2031, $ mn
Table 29. Japan Fuel Cell Market by Application, 2021-2031, $ mn
Table 30. China Fuel Cell Market by Product, 2021-2031, $ mn
Table 31. China Fuel Cell Market by Capacity, 2021-2031, $ mn
Table 32. China Fuel Cell Market by Application, 2021-2031, $ mn
Table 33. Australia Fuel Cell Market by Product, 2021-2031, $ mn
Table 34. Australia Fuel Cell Market by Capacity, 2021-2031, $ mn
Table 35. Australia Fuel Cell Market by Application, 2021-2031, $ mn
Table 36. India Fuel Cell Market by Product, 2021-2031, $ mn
Table 37. India Fuel Cell Market by Capacity, 2021-2031, $ mn
Table 38. India Fuel Cell Market by Application, 2021-2031, $ mn
Table 39. South Korea Fuel Cell Market by Product, 2021-2031, $ mn
Table 40. South Korea Fuel Cell Market by Capacity, 2021-2031, $ mn
Table 41. South Korea Fuel Cell Market by Application, 2021-2031, $ mn
Table 42. Fuel Cell Market in Rest of APAC by Country/Region, 2021-2031, $ mn
Table 43. Ballard Power Systems Inc.: Company Snapshot
Table 44. Ballard Power Systems Inc.: Business Segmentation
Table 45. Ballard Power Systems Inc.: Product Portfolio

List Of Figures

LIST OF FIGURES

Figure 1. A Block Diagram of a Fuel Cell
Figure 2. Research Method Flow Chart
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 4. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031
Figure 5. Industry Value Chain Analysis
Figure 6. Asia Pacific Fuel Cell Market, 2021-2031, $ mn
Figure 7. Impact of COVID-19 on Business
Figure 8. Primary Drivers and Impact Factors of Asia Pacific Fuel Cell Market
Figure 9. World Electric Vehicle Market, 2019-2030, $ bn
Figure 10. Primary Restraints and Impact Factors of Asia Pacific Fuel Cell Market
Figure 11. Investment Opportunity Analysis
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Fuel Cell Market
Figure 13. Breakdown of Asia Pacific Fuel Cell Market by Product, 2021-2031, % of Revenue
Figure 14. Asia Pacific Addressable Market Cap in 2022-2031 by Product, Revenue ($ mn) and Share (%)
Figure 15. Breakdown of Asia Pacific Fuel Cell Market by Product, 2021-2031, % of Capacity
Figure 16. Asia Pacific Addressable Market Cap in 2022-2031 by Product, Capacity (MW) and Share (%)
Figure 17. Breakdown of Asia Pacific Fuel Cell Market by Product, 2021-2031, % of Volume
Figure 18. Asia Pacific Addressable Market Cap in 2022-2031 by Product, Volume (units) and Share (%)
Figure 19. Breakdown of Asia Pacific Fuel Cell Market by Capacity, 2021-2031, % of Sales Revenue
Figure 20. Asia Pacific Addressable Market Cap in 2022-2031 by Capacity, Value ($ mn) and Share (%)
Figure 21. Asia Pacific Fuel Cell Market by Capacity: Small Scale (Up to 200 Kw), 2021-2031, $ mn
Figure 22. Asia Pacific Fuel Cell Market by Capacity: Large Scale (Above 200 Kw), 2021-2031, $ mn
Figure 23. Breakdown of Asia Pacific Fuel Cell Market by Application, 2021-2031, % of Sales Revenue
Figure 24. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Revenue ($ mn) and Share (%)
Figure 25. Breakdown of Asia Pacific Fuel Cell Market by Application, 2021-2031, % of Capacity
Figure 26. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Capacity (MW) and Share (%)
Figure 27. Breakdown of Asia Pacific Fuel Cell Market by Application, 2021-2031, % of Volume
Figure 28. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Volume (units) and Share (%)
Figure 29. Breakdown of Asia Pacific Fuel Cell Market by End User, 2021-2031, % of Revenue
Figure 30. Asia Pacific Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%)
Figure 31. Asia Pacific Fuel Cell Market by End User: Transportation, 2021-2031, $ mn
Figure 32. Asia Pacific Fuel Cell Market by End User: Utilities & Government/Municipal Institutes, 2021-2031, $ mn
Figure 33. Asia Pacific Fuel Cell Market by End User: Residential, 2021-2031, $ mn
Figure 34. Asia Pacific Fuel Cell Market by End User: Commercial & Industrial, 2021-2031, $ mn
Figure 35. Asia Pacific Fuel Cell Market by End User: Data Centers, 2021-2031, $ mn
Figure 36. Asia Pacific Fuel Cell Market by End User: Military & Defense, 2021-2031, $ mn
Figure 37. Breakdown of APAC Fuel Cell Market by Country, 2021 and 2031, % of Revenue
Figure 38. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 39. Fuel Cell Market in Japan, 2021-2031, $ mn
Figure 40. Fuel Cell Market in China, 2021-2031, $ mn
Figure 41. Fuel Cell Market in Australia, 2021-2031, $ mn
Figure 42. Fuel Cell Market in India, 2021-2031, $ mn
Figure 43. Fuel Cell Market in South Korea, 2021-2031, $ mn
Figure 44. Fuel Cell Market in Rest of APAC, 2021-2031, $ mn
Figure 45. Growth Stage of Asia Pacific Fuel Cell Industry over the Forecast Period