A fuel cell is a device that generates electricity by a chemical reaction. Every fuel cell has two electrodes, one positive and one negative, called, respectively, the anode and cathode. The reactions that produce electricity take place at the electrodes.
Every fuel cell also has an electrolyte, which carries electrically charged particles from one electrode to the other, and a catalyst, which speeds the reactions at the electrodes.
Hydrogen is the basic fuel, but fuel cells also require oxygen. One great appeal of fuel cells is that they generate electricity with very little pollution?much of the hydrogen and oxygen used in generating electricity ultimately combine to form a harmless byproduct, namely water.
Because of emission control requirements and new power line restrictions in the state?s larger cities, there will be greater motivation for fuel cell use in urban areas than in more rural areas. This concentration of fuel cells in specific urban areas will allow for more efficient utilization of fuel cell maintenance and repair technicians by utility companies.
Government level systematic identification and removal of legislative barriers to deployment of fuel cells in stationary, portable or transport systems.
Several automobile companies including, most prominently, GM, DaimlerChrysler, and Honda, have invested hundreds of millions of dollars in fuel cell research, development, and commercialization. Each of these companies has a fuel cell prototype car currently being tested in a demonstration program.
According to this study, over the next five years the Fuel Cell 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 Fuel Cell business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Fuel Cell market by product type, application, key manufacturers and key regions and countries.
This study considers the Fuel Cell 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.
PEMFCs
SOFC
MCFC
DMFC
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Transport
Stationary
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 System
Ceramic Fuel Cells Limited
FuelCell Energy
Hydrogenics Corporation
AFC Energy PLC
Bloom Energy
Ceres Power Holdings PLC
Doosan Corporation
Plug Power
POSCO Energy
Horizon Fuel Cell Technologies
Quantum Fuel Systems Technologies Worldwide
Panasonic Corporation
Toshiba Fuel Cell Power Systems
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 Fuel Cell 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 Fuel Cell market by identifying its various subsegments.
Focuses on the key global Fuel Cell 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 Fuel Cell 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 Fuel Cell 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.
