The Fuel Cell Market is expected to be around USD 32.22 Billion by 2027 at a CAGR of 16.43% in the given forecast period.
Fuel cells are strategies that produce energy by the chemical reaction within it, which is predictable to witness notable progress in the coming years. This is due to the competitive advantages of the fuel cell such as eco-friendliness, enhanced efficiency, and longer life span compared to others. Growing applications of fuel cells in the transportationarea such as in buses and cars is expected in the coming years.Furthermore, rising demand for portable devices, stringent government rules aimed at dropping the rising pollution levels, and enhanced effectiveness of fuel cells are some other driving factors of this market. The effect of these drivers is expected to development significantly due to rising awareness about the profits of the fuel cell.The market has been analysed with key focus on advancements in fuel cell technologies such as AFC, PEMFC, PAFCand MFC. The development is attributed to the increasing demand for clean energy generation in developed regions, improved use of fuel cell-based vehicles, booming power sector, and augmented power generation capacities globally.
The global Fuel Cell market is segregated on the basis of Product Outlook as PEMFC, PAFC, SOFC, MCFC, and Others. Based on Application Outlook the global Fuel Cell market is segmented in Stationary, Transportation, and Portable.
The global Fuel Cell market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Fuel Cell market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Toshiba, Ballard Power Systems, Hydrogenics Corporation, Horizon Fuel Cell Technologies, Fuel Cell Energy Inc., Doosan Fuel Cell America, Aisin Seiki Co. Ltd., Nuvera Fuel Cells, SFC Group, Ceramic Fuel Cells Ltd., and others are among the major players in the global Fuel Cell market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Fuel Cell Market has been segmented as below:
Fuel Cell Market, By Product Outlook
Fuel Cell Market, By Application Outlook
Fuel Cell Market, By Region
Fuel Cell Market, By Company
The report covers:
Report Scope:
The global Fuel Cell market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Fuel Cell market share. Major industry players with significant revenue share include Toshiba, Ballard Power Systems, Hydrogenics Corporation, Horizon Fuel Cell Technologies, Fuel Cell Energy Inc., Doosan Fuel Cell America, Aisin Seiki Co. Ltd., Nuvera Fuel Cells, SFC Group, Ceramic Fuel Cells Ltd., and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Fuel Cell Market, By Product Outlook
5.1. Key Points
5.2. PEMFC
5.3. PAFC
5.4. SOFC
5.5. MCFC
5.6. Others
6. Fuel Cell Market, By Application Outlook
6.1. Key Points
6.2. Stationary
6.3. Transportation
6.4. Portable
7. Competitive Landscape
7.1. Introduction
7.2. Recent Developments
7.2.1. Mergers & Acquisitions
7.2.2. New Product Developments
7.2.3. Portfolio/Production Capacity Expansions
7.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.2.5. Others
8. Company Profiles
8.1 Toshiba
8.1.1 Company Overview
8.1.2 Product/Service Landscape
8.1.3 Financial Overview
8.1.4 Recent Developments
8.2 Ballard Power Systems
8.2.1 Company Overview
8.2.2 Product/Service Landscape
8.2.3 Financial Overview
8.2.4 Recent Developments
8.3 Hydrogenics Corporation
8.3.1 Company Overview
8.3.2 Product/Service Landscape
8.3.3 Financial Overview
8.3.4 Recent Developments
8.4 Horizon Fuel Cell Technologies
8.4.1 Company Overview
8.4.2 Product/Service Landscape
8.4.3 Financial Overview
8.4.4 Recent Developments
8.5 Fuel Cell Energy Inc.
8.5.1 Company Overview
8.5.2 Product/Service Landscape
8.5.3 Financial Overview
8.5.4 Recent Developments
8.6 Doosan Fuel Cell America
8.6.1 Company Overview
8.6.2 Product/Service Landscape
8.6.3 Financial Overview
8.6.4 Recent Developments
8.7 Aisin Seiki Co. Ltd.
8.7.1 Company Overview
8.7.2 Product/Service Landscape
8.7.3 Financial Overview
8.7.4 Recent Developments
8.8 Nuvera Fuel Cells
8.8.1 Company Overview
8.8.2 Product/Service Landscape
8.8.3 Financial Overview
8.8.4 Recent Developments
8.9 SFC Group
8.9.1 Company Overview
8.9.2 Product/Service Landscape
8.9.3 Financial Overview
8.9.4 Recent Developments
8.10 Ceramic Fuel Cells Ltd.
8.10.1 Company Overview
8.10.2 Product/Service Landscape
8.10.3 Financial Overview
8.10.4 Recent Developments
The Fuel Cell Market has been segmented as below:
Fuel Cell Market, By Product Outlook
Fuel Cell Market, By Application Outlook
Fuel Cell Market, By Region
Fuel Cell Market, By Company
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