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Fuel Cell Market Study with Key Trends, Major Drivers and Challenges 2020-2026

Author : Ronak Bora | Published Date : 2020-09-03 

Fuel cell market will be prominently driven by increasing adoption across small & large stationary power generation systems. These cells have an efficiency of over 60% when converted from fuel to power and operate at a very high temperature range between 8000C to 1,0000C. High efficiency, low cost, low emissions, fuel flexibility and stability are some of the key features which will accelerate the product demand.

Fuel cell market is projected to chalk out a highly remunerative growth graph over the forthcoming timeframe. A fuel cell is a device can convert chemical potential energy into electrical energy. A proton exchange membrane (PEM) cell uses both oxygen and hydrogen gas as fuel. The products of the reaction in the cell are heat, water, and electricity. This being the biggest improvement over internal combustion engines, nuclear power plants, coal burning power plants, all of which produce very harmful byproducts during their operations.

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Fuel cells are distinctive in terms of the variety of their possible applications. They can also give power for systems that are as large as a utility power station and as small as a laptop computer.

Some of the major findings of the fuel cell market reports includes:

  • The demand for these cells is increasing across transport sector owing to their longer operating life, compact size and high efficiency.
  • Rapid urban area development along with growing industrial activities primarily across developing economies is anticipated to boost the industry growth
  • Key players operating across the fuel cell market includes Hydrogenics, Ballard Power Systems, Plug Power, Bloom Energy, Toshiba, AFC Energy, Panasonic, Horizon, Arcola, Fuel Cell Energy and Doosan amongst other.
  • Favorable regulatory policies for electrification of off-grid and remote areas coupled with shifting consumer inclination toward sustainable energy technologies will augment the product trends.

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Japan fuel cell market will witness a significant growth on account of rapid development of hydrogen infrastructure along with ongoing deployment of FCEV’s across the nation. Increasing concerns toward security of electricity supply across remote areas coupled with favorable regulatory strategies to enhance the use hydrogen as a fuel will further boost the industry growth. Furthermore, government backed research & development activities along with ongoing investments by private firms toward product design and development will positively influence the business outlook.

Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1   Methodology

1.2   Market definitions

1.3   Market estimates and forecast parameters

1.4   Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2    Executive Summary

2.1   Fuel cell 3600 synopsis, 2015 – 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    Regional trends

Chapter 3    Fuel Cell Market Insights

3.1   Industry segmentation

3.2   Industry landscape, 2015 – 2026 (USD Million)

3.3   Industry ecosystem analysis

3.3.1    Vendor matrix

3.4   Innovation & sustainability

3.4.1    Ballard Power Systems

3.4.2    SFC Energy

3.4.3    Plug Power

3.4.4    AFC Energy

3.5   Regulatory landscape

3.5.1    U.S.

3.5.1.1   Fuel Cell and Hydrogen Energy Association (FCHEA)

3.5.1.1.1   Safety, Codes & Standards

3.5.1.2   CSA Fuel Cell Standards

3.5.1.3   SAE Fuel Cell Vehicle Safety Committee (automotive) enabling standards

3.5.1.4   NFPA 2: Hydrogen Technologies Code

3.5.1.5   Overview of Regulations, Codes, and Standards Related to Hydrogen Infrastructure Safety

3.5.2    Europe

3.5.2.1   Investments: Government and Collaborative Hydrogen and Fuel Cell Funding

3.5.3    Japan

3.5.3.1   Investments: Government and Collaborative Hydrogen and Fuel Cell Funding

3.5.3.2   Government Targets

3.5.4    South Korea

3.5.4.1   Government Targets

3.6   Hydrogen fuelling station across the U.S. (2018 & 2019)

3.6.1    Projected hydrogen fuelling stations across the U.S.

3.7   Industry impact forces

3.7.1    Growth drivers

3.7.1.1   Government positive outlook and incentives

3.7.1.2   Environment-friendly and a better alternative than existing options

3.7.1.3   More efficient than batteries

3.7.2    Industry pitfalls & challenges

3.7.2.1   Lack of infrastructure

3.8   Growth potential analysis

3.9   Key hydrogen station projects installed across countries

3.9.1    Australia

3.9.2    Austria

3.9.3    Belgium

3.9.4    Brazil

3.9.5    Canada

3.9.6    China

3.9.7    Denmark

3.9.8    France

3.9.9    India

3.9.10    Italy

3.9.11    Spain

3.9.12    South Korea

3.9.13    Japan

3.9.14    Sweden

3.10   Announced hydrogen stations across key countries

3.10.1    Australia

3.10.2    Canada

3.10.3    China

3.10.4    Denmark

3.10.5    England

3.10.6    France

3.10.7    Germany

3.10.8    Japan

3.10.9    South Korea

3.11   Porter’s Analysis

3.12   Competitive landscape, 2019

3.12.1    Strategy dashboard

3.12.1.1    Hydrogenics Corporation

3.12.1.2    Ballard Power Systems

3.12.1.3    FuelCell Energy

3.12.1.4    SFC Energy

3.12.1.5    Plug Power

3.13   PESTEL Analysis

 Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/fuel-cell-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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