Hydrogen fuel cells use hydrogen as a chemical element, and are made into batteries that store energy. The basic principle is the reverse reaction of electrolysis of water, hydrogen and oxygen were supplied to the cathode and anode, hydrogen diffusion through the cathode and the electrolyte reaction, the release of electrons through the external load to reach the anode.
A hydrogen fuel cell is a power plant that utilizes the inverse process of electrolyzed water to generate electricity as well as the only emissions: water. Clean and environmentally friendly, and high energy density, compared to the battery on the market can have a longer battery life.
Japan was the largest consumer market with a market share of 27.31% in 2011 and 30.12% in 2015 with an increase of 10.28%. North America and Other ranked the second and third markets with the market share of 25.34% and 20.16% in 2015.
Nowadays, the top three companies make up more than 46% market share of the Hydrogen Fuel Cells market in 2015, and the world's large enterprises are mainly concentrated in Japan and South Korea, and North America. The top three manufacturers are Ballard Power Systems Inc. (BLDP) Toshiba and PLUG Power. They respectively with global production market share as 17.36%, 16.68%, and 11.93% in 2015.
According to this study, over the next five years the Hydrogen Fuel Cells market will register a xx% CAGR in terms of revenue, the global market size will reach USD xx million by 2024, from USD xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hydrogen Fuel Cells business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen Fuel Cells market by product type, application, key manufacturers and key regions and countries.
This study considers the Hydrogen Fuel Cells value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Air-cooled Type
Water-cooled Type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Stationary
Transport
Portable
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Ballard Power
Toshiba
PLUG Power
Fuelcell Energy
Hydrogenics
Doosan Fuel Cell
Horizon
Intelligent Energy
Hyster-Yale Group
Nedstack
Pearl Hydrogen
Sunrise Power
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Hydrogen Fuel Cells consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hydrogen Fuel Cells market by identifying its various subsegments.
Focuses on the key global Hydrogen Fuel Cells manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hydrogen Fuel Cells with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hydrogen Fuel Cells submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.