Industries > Energy > Global Fuel Cell Market Report 2019-2029

Global Fuel Cell Market Report 2019-2029

Analysis by Product (PEMFC, PAFC, SOFC, MCFC) and by Application (Stationary, Transportation, Portable), Company and Country Analysis and Forecasts

PAGES: 167
PRODUCT CODE: ENE0221
SUBMARKET: Electric Power

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Market Definition:
• A Fuel Cell is an electrochemical device that converts the chemical energy of a fuel and an oxidizing agent into electricity.
• Fuel Cells can easily be coupled with other energy technologies, such as batteries, wind turbines, and solar panels, and can be used to power cell phones, cars and even houses.

Market Overview and Trends
• Fuel Cells are used as a backup power for commercial, industrial and residential buildings and in remote or inaccessible areas.
• They are also used to power vehicles such as forklifts, automobiles, buses, boats, motorcycles and submarines.
• Rising demand for zero-emission vehicles, strict emission norms, and government subsidies in place, are expected to push the growth of the market.

Market Dynamics:

Factors Influencing the Market Growth:
• Better fuel efficiency and increased driving range/charge
• Fast refuelling
• Reduced dependency on oil
• Lesser air pollutant emissions produced by Fuel Cells.

Factors Restraining the Market Growth:
• Fuel Cells are highly flammable.
• It’s hard to detect hydrogen leakages.

Market Segmentation 2019-2029:

By Product
• PEMFC Market, 2019-2029
• PAFC Market, 2019-2029
• SOFC Market, 2019-2029
• MCFC Market, 2019-2029

By Application
• Stationary Market
• Transportation Market
• Portable Market

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Latin America Market, 2019-2029
• Rest of the world Market, 2019-2029

Competitive Analysis:
• Being a new technology, there are very few companies operating in the Bag Filter market. However, numbers of players are entering in this arena by developing more standardized and cost effective Materials.
• Companies are strategically expanding their global presence and offering improved bag filter technology across various sectors.

Major Market Players:
• Ballard Power System, ITM Power, Plug Power, Toshiba, Hydrogenics, Proton Power Systems, AFC Energy Plc, Fuel Cell Energy Inc., SFC Energy and United Technologies

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