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Global Fuel Cell Market

  • Published Date: 26 Feb 2018
  • Number of Pages: 225
  • Category: Energy and Utilities
  • Country: Global
The global fuel cell market was at an estimated value of US$ XX in 2017 and is poised to reach US$ XX by 2022 at a CAGR of XX%.

With a rising need to minimise dependability on depleting fossil fuels, fuel cells are the way ahead. Not only do they provide with a far more effective alternative to conventional methods, but also can be coupled to have properties aiding transportation and longevity as portable energy sources. Fuel cells make use of a combustion reaction within the cell to give electricity, providing a cleaner alternative than most conventional sources of energy.

Market Dynamics

Reduced carbon emissions and low noise properties have propelled the fuel cell market forward. In addition to these characteristics, an increasing awareness of environmentally friendly resource alternatives has given the market a further boost. Many economies have started accepting the idea of fuel cells as a potential replacement for conventional energy sources. To further promote it amongst consumers, governments have issued various regulatory reforms and subsidies in favour of the market.

Fluctuating fossil fuel prices is another factor aiding the markets growth. Fuel cells offer alternatives to almost every power needs, from as little as consumer electronics to even thermal power plants. The market has been and is further expected to draw out more investors with time following these characteristics.

Market Segmentation

The global fuel cell market can be segmented based on product type and application. Based on product type, the market is segmented into proton exchange membrane fuel cell (PEMFC) and direct methanol fuel cells (DMFC). Of these, PEMFCs have the larger share in terms of generated revenue. This can be attributed to their largely favourable characteristics, which include high efficiency, high power to area ratio, and easy wattage accessibility.

In terms of application, the market can be segmented into stationary and portable types. Of these, the stationary application type dominates in terms of revenue. However, with rising potential for utilisation in consumer electronics and the transportation sector, the portable application type is expected to grow in the coming years.

Geographical Analysis

Geographically, the market can be segmented into Asia-Pacific, North America, and Europe. In terms of revenue and capacity, Asia-Pacific enjoys the largest share in the market. This can be attributed to high prevalence of manufacturing states in the region, especially from economies like South Korea and Japan. Regulatory reforms in the European Union and the US have also propelled the market forward.

Key players

Key players in the global fuel cell market include Toshiba, Panasonic, Hydrogenics Corporation, Ballard, UTC Power, AFC Energy PLC, Plug Power Inc, SFC Energy AG, Nedstack fuel, Clearedge Power, and Bloom Energy.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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