Market Research Reports

Fuel Cells Market (PEMFC, MCFC, PAFC, SOFC, DMFC & Others) - Global Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018

114pages
Published Date: 2013-01-16
 

Description





This report analyzes and estimates the demand for fuel cells in the global scenario. The fuel cell market is segmented on the basis of application, type, fuel and geography. Regional and product-based market data is given in terms of both volumes and revenues for the period from 2010 to 2018.

Various fuel cell products analyzed in this study include direct methanol fuel cell (DMFC), proton exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), alkaline fuel cell (AFC), phosphoric acid fuel cell (PAFC) and solid oxide fuel cell (SOFC).
The fuel cells market by applications is majorly divided into stationary, transportation and portable. The economies covered in this report are Asia-Pacific, Europe, North America, and Rest of the World (ROW). Regional data has also been provided for key countries such as U.S., Canada, Japan, South Korea, Germany, UK, Norway, Denmark and Sweden. The fuel cells market by various fuels such as hydrogen, natural gas and methane has also been analyzed in this report along with type, application and geography.

This report also includes market share of major companies in 2011, value chain analysis and porters five forces model. Some of the key players profiled in this study include Fuel Cell Energy, Ballard, Clearedge, Toshiba, Panasonic, Plug Power Inc. and Hydrogenics Corporation. The report gives a brief overview of the major companies that are dealing in fuel cells followed by their business strategies, financial revenue and recent developments.

This research has been specially conducted to estimate and analyze the performance and demand of fuel cells in a global scenario. The research provides detailed analysis of companies that are dealing in fuel cells, trend analysis of fuel cells market and demand by geography. The report includes all the major types and application segments of the fuel cells market and provides statistically refined forecast and historical data for the segments covered. The report presents a comprehensive assessment of the strategies followed by different stakeholders by segmenting the fuel cells market as below:

Global Fuel Cells market, by fuel
  • Hydrogen
  • Natural Gas
  • Methanol

Global Fuel Cells market, by type
  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Direct Methanol Fuel Cell (DMFC)
  • Phosphoric Acid Fuel Cell (PAFC)
  • Solid Oxide Fuel Cell (SOFC)
  • Molten Carbonate Fuel Cell (MCFC)
  • Alkaline Fuel Cell (AFC)
Global Fuel Cells market, by application
  • Stationary
  • Transportation
  • Portable
Global Fuel Cells market, by geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Denmark
    • Norway
    • Sweden
  • Asia-Pacific
    • Japan
    • South Korea

  • Rest of the World (RoW)

Table of Contents




TABLE OF CONTENTS

CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 RESEARCH SCOPE
1.3 RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 MARKET DRIVERS
      3.2.1 IMPACT ANALYSIS OF MARKET DRIVERS
      3.2.2 SUPPORT BY GOVERNMENT AND REGULATORY AGENCIES
      3.2.3 ECO-FRIENDLY, SILENT CHARACTERISTICS
      3.2.4 BETTER ALTERNATIVE TO EXISTING BACK-UP POWER OPTIONS
      3.2.5 HIGH ENERGY DENSITY THAN BATTERIES
3.3 MARKET RESTRAINTS
      3.3.1 IMPACT ANALYSIS OF MARKET RESTRAINTS
      3.3.2 HIGH SWITCHING COST HINDERING THE GROWTH OF FUEL CELL MARKET
      3.3.3 LACK OF INFRASTRUCTURE
3.4 MARKET OPPORTUNITIES
      3.4.1 IMPACT ANALYSIS OF MARKET OPPORTUNITIES
              3.4.1.1 Paradigm Shift Towards Green Technology
              3.4.1.2 Growing Fuel Cell Vehicles Market
3.5 PRICING TRENDS
3.6 FUEL CELLS VALUE CHAIN ANALYSIS
3.7 PORTER’S FIVE FORCES ANALYSIS
              3.7.1.1 Bargaining Power of Suppliers
              3.7.1.2 Bargaining Power of Buyers
              3.7.1.3 Threat of Substitutes
              3.7.1.4 Threat of New Entrants
              3.7.1.5 Competitive Rivalry
3.8 MARKET ATTRACTIVENESS  ANALYSIS
      3.8.1 MARKET ATTRACTIVENESS ANALYSIS OF FUEL CELL BY PRODUCT TYPE
3.9 COMPANY MARKET SHARE ANALYSIS

CHAPTER 4 FUEL CELL MARKET BY FUEL
4.1 GLOBAL FUEL CELL MARKETS VOLUME SHARE, BY FUEL, 2011 – 2018
      4.1.1 GLOBAL FUEL CELLS MARKET SHARE BY FUELS, 2011 – 2018 (MW)
4.2 HYDROGEN
      4.2.1 GLOBAL FUEL CELLS MARKET SHARE BY HYDROGEN FUEL, 2011 – 2018 (MW)
4.3 NATURAL GAS
      4.3.1 GLOBAL FUEL CELLS MARKET SHARE BY NATURAL GAS, 2011 – 2018 (MW)
4.4 METHANOL
      4.4.1 GLOBAL FUEL CELLS MARKET SHARE BY METHANOL, 2011 – 2018 (MW)
4.5 OTHERS
      4.5.1 GLOBAL FUEL CELLS MARKET SHARE BY OTHER FUELS, 2011 – 2018 (MW)

CHAPTER 5 FUEL CELL MARKET BY PRODUCT TYPE
5.1 GLOBAL FUEL CELL MARKETS VOLUME SHARE BY PRODUCT TYPE, 2011 – 2018
      5.1.1 GLOBAL FUEL CELLS MARKET VOLUME SHARE BY PRODUCT, 2011 – 2018, (MW)
      5.1.2 PEMFC
              5.1.2.1 PEMFC market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.2.2 PEMFC market estimates and forecast, 2010 – 2018 (Unit Shipments)
      5.1.3 DMFC
              5.1.3.1 DMFC market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.3.2 DMFC market estimates and forecast, 2010 – 2018 (Unit Shipments)
      5.1.4 PAFC
              5.1.4.1 PAFC market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.4.2 PAFC market estimates and forecast, 2010 – 2018 (Unit Shipments)
     5.1.5 SOFC
              5.1.5.1 SOFC market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.5.2 SOFC market estimates and forecast, 2010 – 2018 (Unit Shipments)
      5.1.6 MCFC
              5.1.6.1 MCFC market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.6.2 MCFC market estimates and forecast, 2010 – 2018 (Unit Shipments)
      5.1.7 AFC
              5.1.7.1 AFC market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.7.2 AFC market estimates and forecast, 2010 – 2018 (Unit Shipments)
      5.1.8 OTHERS
              5.1.8.1 Others market estimates and forecast, 2010 – 2018 (MW), (USD Million)
              5.1.8.2 Others market estimates and forecast, 2010 – 2018 (Unit Shipments)

CHAPTER 6 GLOBAL FUEL CELLS MARKET, BY APPLICATIONS
6.1 GLOBAL FUEL CELLS MARKETS VOLUME SHARE, BY APPLICATION, 2011 – 2018
      6.1.1 GLOBAL FUEL CELLS MARKET VOLUME SHARE BY APPLICATION, 2011 – 2018 (MW)
6.2 STATIONARY FUEL CELLS
      6.2.1 STATIONARY FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW)
      6.2.2 STATIONARY FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)
6.3 PORTABLE FUEL CELLS
      6.3.1 PORTABLE FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW)
      6.3.2 PORTABLE FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)
6.4 TRANSPORTATION FUEL CELLS
      6.4.1 TRANSPORTATION FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW)
      6.4.2 TRANSPORTATION FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)

CHAPTER 7 FUEL CELLS MARKET GEOGRAPHIC ANALYSIS
7.1 GLOBAL FUEL CELLS MARKET, VOLUME SHARE BY GEOGRAPHY 2011 – 2018
      7.1.1 GLOBAL FUEL CELLS MARKET, VOLUME SHARE BY GEOGRAPHY, 2011 – 2018 (MW)
      7.1.2 GLOBAL FUEL CELLS MARKET REVENUE SHARE BY GEOGRAPHY, 2011 – 2018 (USD MILLION)
7.2 NORTH AMERICA
      7.2.1 NORTH AMERICA FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW), (USD MILLION)
      7.2.2 NORTH AMERICA FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)
      7.2.3 U.S.
              7.2.3.1 U.S. fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.2.4 CANADA
              7.2.4.1 Canada fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
7.3 EUROPE
      7.3.1 EUROPE FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW), (USD MILLION)
      7.3.2 EUROPE FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)
      7.3.3 GERMANY
              7.3.3.1 Germany Fuel Cell market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.3.4 U.K.
              7.3.4.1 U.K. fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.3.5 DENMARK
              7.3.5.1 Denmark fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.3.6 NORWAY
              7.3.6.1 Norway fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.3.7 SWEDEN
              7.3.7.1 Sweden fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.3.8 OTHER REGIONS
              7.3.8.1 Other regions fuel cell market estimates and forecast, 2010 – 2018 (MW), (USD Million)
7.4 ASIA PACIFIC
      7.4.1 ASIA PACIFIC FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW), (USD MILLION)
      7.4.2 ASIA-PACIFIC FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)
      7.4.3 JAPAN
              7.4.3.1 Japan fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.4.4 SOUTH KOREA
              7.4.4.1 South Korea fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
      7.4.5 OTHERS
              7.4.5.1 Others fuel cells market estimates and forecast, 2010 – 2018 (MW), (USD Million)
7.5 ROW
      7.5.1 ROW FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (MW), (USD MILLION)
      7.5.2 ROW FUEL CELLS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (UNIT SHIPMENTS)

CHAPTER 8 COMPANY PROFILE
8.1 AFC ENERGY PLC
      8.1.1 COMPANY OVERVIEW
      8.1.2 FINANCIAL OVERVIEW
      8.1.3 BUSINESS STRATEGY
      8.1.4 RECENT DEVELOPMENTS
8.2 BALLARD POWER SYSTEMS INC.
      8.2.1 COMPANY OVERVIEW
      8.2.2 FINANCIAL OVERVIEW
      8.2.3 BUSINESS STRATEGY
      8.2.4 RECENT DEVELOPMENTS
8.3 BLOOM ENERGY
      8.3.1 COMPANY OVERVIEW
      8.3.2 FINANCIAL OVERVIEW
      8.3.3 BUSINESS STRATEGY
      8.3.4 RECENT DEVELOPMENTS
8.4 CLEAREDGE POWER
      8.4.1 COMPANY OVERVIEW
      8.4.2 FINANCIAL OVERVIEW
      8.4.3 BUSINESS STRATEGY
      8.4.4 RECENT DEVELOPMENTS
8.5 FUEL CELL ENERGY
      8.5.1 COMPANY OVERVIEW
      8.5.2 FINANCIAL OVERVIEW
      8.5.3 BUSINESS STRATEGY
      8.5.4 RECENT DEVELOPMENTS
8.6 HYDROGENICS CORPORATION
      8.6.1 COMPANY OVERVIEW
      8.6.2 FINANCIAL OVERVIEW
      8.6.3 BUSINESS STRATEGY
      8.6.4 RECENT DEVELOPMENTS
8.7 NEDSTACK FUEL CELL TECHNOLOGY
      8.7.1 COMPANY OVERVIEW
      8.7.2 FINANCIAL OVERVIEW
      8.7.3 BUSINESS STRATEGY
      8.7.4 RECENT DEVELOPMENTS
8.8 PANASONIC
      8.8.1 COMPANY OVERVIEW
      8.8.2 FINANCIAL OVERVIEW
      8.8.3 BUSINESS STRATEGY
      8.8.4 RECENT DEVELOPMENTS
8.9 PLUG POWER INC
      8.9.1 COMPANY OVERVIEW
      8.9.2 FINANCIAL OVERVIEW
      8.9.3 BUSINESS STRATEGY
      8.9.4 RECENT DEVELOPMENTS
8.10 SFC ENERGY AG
      8.10.1 COMPANY OVERVIEW
      8.10.2 FINANCIAL OVERVIEW
      8.10.3 BUSINESS STRATEGY
      8.10.4 RECENT DEVELOPMENTS
8.11 TOSHIBA
      8.11.1 COMPANY OVERVIEW
      8.11.2 FINANCIAL OVERVIEW
      8.11.3 BUSINESS STRATEGY
8.11.4 RECENT DEVELOPMENTS
8.12 UTC POWER
      8.12.1 COMPANY OVERVIEW
      8.12.2 FINANCIAL OVERVIEW
      8.12.3 BUSINESS STRATEGY
      8.12.4 RECENT DEVELOPMENTS

LIST OF FIGURES

FIG. 1 GLOBAL FUEL CELL MARKET VOLUME AND REVENUE, 2010 – 2018 (MW) (USD MILLION)
FIG. 2 PRICING TREND OF FUEL CELLS, USD PER KILO WATT 2010 - 2018
FIG. 3 VALUE CHAIN ANALYSIS OF FUEL CELLS
FIG. 4 PORTER’S FIVE FORCES ANALYSIS OF FUEL CELL
FIG. 5 MARKET ATTRACTIVENESS ANALYSIS OF FUEL CELL BY PRODUCT TYPE, 2011
FIG. 6 FUEL CELL MARKET: COMPANY MARKET SHARE, 2011
FIG. 7 GLOBAL FUEL CELL MARKET SHARE BY FUEL, 2011 - 2018 (MW)
FIG. 8 GLOBAL FUEL CELLS MARKET SHARE BY HYDROGEN FUEL, 2011 - 2018 (MW)
FIG. 9 GLOBAL FUEL CELLS MARKET SHARE BY NATURAL GAS FUEL, 2011 - 2018 (MW)
FIG. 10 GLOBAL FUEL CELLS MARKET SHARE BY METHANOL FUEL, 2011 - 2018 (MW)
FIG. 11 GLOBAL FUEL CELLS MARKET SHARE BY OTHER FUELS, 2011 - 2018 (MW)
FIG. 12 GLOBAL FUEL CELL MARKET VOLUME SHARE BY PRODUCT, 2011 - 2018 (MW)
FIG. 13 PEMFC MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 14 PEMFC MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 15 DMFC MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 16 DMFC  MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 17 PAFC  MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 18 PAFC  MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 19 SOFC  MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 20 SOFC  MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 21 MCFC  MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 22 MCFC  MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 23 AFC  MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 24 AFC  MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 25 OTHERS  MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 26 OTHERS  MARKET, 2010 - 2018 (UNIT SHIPMENTS)
FIG. 27 GLOBAL FUEL CELLS MARKET VOLUME SHARE BY APPLICATION, 2011 - 2018 (MW)
FIG. 28 STATIONARY FUEL CELLS MARKET, 2010 – 2018 (MW)
FIG. 29 STATIONARY FUEL CELLS MARKET, 2010 – 2018 (UNIT SHIPMENTS)
FIG. 30 PORTABLE FUEL CELLS MARKET, 2010 – 2018 (MW)
FIG. 31 PORTABLE FUEL CELLS MARKET, 2010 – 2018 (UNIT SHIPMENTS)
FIG. 32 TRANSPORTATION FUEL CELLS MARKET, 2010 – 2018 (MW)
FIG. 33 TRANSPORTATION FUEL CELLS MARKET, 2010 – 2018 (UNIT SHIPMENTS)
FIG. 34 GLOBAL FUEL CELLS MARKET, VOLUME SHARE BY GEOGRAPHY, 2011 - 2018 (MW)
FIG. 35 GLOBAL FUEL CELLS MARKET REVENUE BY GEOGRAPHY, 2011 - 2018 (USD MILLION)
FIG. 36 NORTH AMERICA FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 – 2018 (MW) (USD MILLION)
FIG. 37 NORTH AMERICA FUEL CELL MARKET, 2010 – 2018 (UNIT SHIPMENTS)
FIG. 38 U.S. FUEL CELL MARKET VOLUMES AND REVENUES, 2010 – 2018 (MW) (USD MILLION)
FIG. 39 CANADA FUEL CELL MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 40 EUROPE FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 41 EUROPE FUEL CELL MARKET, 2010 – 2018 (UNIT SHIPMENTS)
FIG. 42 GERMANY FUEL CELL MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 43 U.K. FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 44 DENMARK FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 45 NORWAY FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 46 SWEDEN FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 47 OTHER REGIONS FUEL CELL MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 48 ASIA PACIFIC FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 49 ASIA-PACIFIC FUEL CELLS MARKET, 2010 – 2018 (UNIT SHIPMENTS)
FIG. 50 JAPAN FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 51 SOUTH KOREA FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 52 OTHERS FUEL CELLS MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 53 ROW  FUEL CELL MARKET VOLUMES AND REVENUES, 2010 - 2018 (MW) (USD MILLION)
FIG. 54 ROW FUEL CELLS MARKET, 2010 – 2018 (UNIT SHIPMENTS)

LIST OF TABLES

TABLE 1 GLOBAL FUEL CELL MARKET SNAPSHOT
TABLE 2 DRIVERS OF GLOBAL FUEL CELL MARKET: IMPACT ANALYSIS
TABLE 3 COMPARISON OF FUEL CELL NOISE WITH OTHER PRODUCTS
TABLE 4 COMPARISON OF FUEL CELL EMISSIONS WITH OTHER CONVENTIONAL FUELS
TABLE 5 COMPARISON OF FUEL CELL ENERGY DENSITY WITH OTHER BATTERIES AND ACCUMULATOR
TABLE 6 RESTRAINTS FOR GLOBAL FUEL CELL MARKET: IMPACT ANALYSIS
TABLE 7 OPPORTUNITIES FOR GLOBAL FUEL CELL MARKET: IMPACT ANALYSIS
TABLE 8 COMPARISON OF FUEL CELL TECHNOLOGIES BY PRODUCT TYPE
TABLE 9 COMPARISON OF FUEL CELLS TECHNOLOGIES BY APPLICATION

Market Overview




The fuel cell industry is emerging as one of the fastest growing markets owing to the collaborations of governments, businesses, and academic institutions, which is helping to produce fuel cells at a lower cost and improve their efficiency. The global fuel cell market is expected to grow at an estimated compounded annual growth rate of 16.6% during 2010 to 2014 owing to the decrease in fuel cell prices. The growth of this market is also expected to be driven by increasing investments from corporate and governments across the world for research and development in this field; however, lack of support infrastructure can pose a challenge to the growth of this industry.

Fuel cells are increasing in demand as they are an efficient source to produce electrical power without causing any environmental pollution. There are a variety of fuel cells available today that are competing with energy conversion devices like batteries and gas turbines. With continuous research being made for improving the efficiency of fuel cells, this industry is expected to witness tremendous growth in the near future. 

Market Segmentation 

Segmentation Based on Type
  • Alkaline Fuel Cells
  • Microbial Fuel Cells
  • Micro Fuel Cells
  • Polymer Electrolyte Fuel Cells
  • Solid Oxide Fuel Cells
Segmentation Based on Applications 
  • Auxiliary Power 
  • Military Use 
  • Cogeneration or Combined Heat and Power
  • Small-Scale Energy Consumption
  • Light Traction Vehicles
  • Road Drive Vehicles
Segmentation Based on Technology
  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Direct Methanol Fuel Cell (DMFC)
  • Solid Oxide Fuel Cell (SOFC)
  • Molten Carbonate Fuel Cell (MCFC)
  • Phosphoric Acid Fuel Cell (PAFC)
This research report on the fuel cell analyzes this market based on its market segments and major geographies. The regions analyzed under this research report are: 
  • North America
  • Asia-Pacific 
  • Europe
  • Rest of the World 
This report provides a comprehensive analysis of current market trends, factors driving market growth, restraints, market structure, and market projections for the coming years. 

This report also provides an analysis of technological developments in the industry, Porter’s five force model analysis, and complete company profiles of the top market players. It provides a review of the micro and macro factors significant with respect to the existing market players and new entrants along with detailed value chain analysis. 

Major Players 

Some of the key players dominating this market are UTC Power, Fuel Cell Energy Inc., Ballard Power Systems Inc., Protonex, IdaTech, Plug Power, Hydrogenics Corporation, Ceramic Fuel Cell Limited, Acumentrics, Altergy Systems, Astris Energi, and others. 

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Free Market Analysis




Fuel cells are electro-chemical devices that transform chemical energy into heat and electricity by the oxidation of fuel (hydrogen, natural gas and methanol) contained in the fuel cell. The only by-products are water and a small amount of nitrous oxide which makes fuel-cells an eco-friendly, safe, and sustainable power source. Fuel cells usually comprise of electrodes and electrolytes between which the oxidation reaction takes place. The heat and electricity generated from fuel cells is utilized in various industries for different applications. Fuel cells are not thermal energy based and generate the power using hydrogen as a basic ingredient. Hydrocarbon fuels such as methanol, natural gas and ethanol are also used in extracting hydrogen during the reformation procedure. 

Fuel cells analyzed in this study include MCFC (Molten Carbonate Fuel Cell), PEMFC (Proton Exchange Membrane Fuel Cell), AFC (Alkaline Fuel Cells), DMFC (Direct Methanol Fuel Cell), SOFC (Solid Oxide Fuel Cell) and PAFC (Phosphoric Acid Fuel Cell). In terms of applications, the market has been segmented into stationary (heat and power systems, backup power systems and uninterruptible power supply systems), transportation (light vehicles, heavy vehicles, specialty vehicles - forklifts and auxiliary power units) and portable (consumer electronics, remote monitoring and external battery chargers). 

By fuel, hydrogen covers the majority of fuel cells market and is expected to continue its dominance in 2018. Natural gas and methanol also cover a significant share in overall fuel cell market. In terms of application, a shifting trend towards stationary fuel cells is expected over the next five years. In terms of power volume (MW), stationary and transportation fuel cells market is expected to grow at a CAGR of 24.4% and 15.4% respectively from 2013 to 2018. 

Increase in government support and strict regulations followed by several governments are boosting the market for fuel cells. High energy density and better backup power systems as compared to other batteries are also helping in enhancing the fuel cells market. Lack of infrastructure in terms of number of refueling stations and high initial investment are a few restraining factors for this market. At present, platinum is mainly used as a catalyst for fuel cell operation that is very expensive (around $1800 per ounce) and thereby increases the final cost of the fuel cell. Hydrogen which is used as a fuel in fuel cells is extracted by electrolysis process which is an expensive process and thereby increases the overall cost of fuel cell manufacturing. 

Key participants in the fuel cells market include Fuel Cell Energy, Ballard, Clearedge, Toshiba, Panasonic, Plug Power Inc. and Hydrogenics Corporation

north-america-fuel-cell-market-volumes-and-revenues-2010-2018

 

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