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Fuel Cell Market Outlook 2026: Top Companies, Trends, Growth Factors Details by Regions

Author : Ronak Bora | Published Date : 2020-09-16 

Fuel cell market size is bracing for robust growth on the heels of value propositions in a slew of applications such as portable, transportation, stationary, material handling and emergency backup power applications. It is worth noting that fuel cells can function at higher efficiencies as compared to combustion engines and can convert the chemical energy to electrical energy with efficiencies of up to 60%. Not only are fuel cells quiet during operations, but they also have lower emissions vis-à-vis combustion engines.

Sustained demand for fuel cell electric vehicles, coupled with the increased funding from private and public organizations towards R&D activities is expected to spur the fuel cell market share. Moreover, favorable government initiatives to boost the electrification of off-grid and remote access and increased focus towards the development of sustainable energy technologies are likely to foster the industry size expansion.

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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 industry 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.

Increasing adoption across small & large stationary power generation systems along with growing demand across transport applications will propel the SOFC fuel cell market growth. 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.

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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 4    Fuel Cell Market, By Application

4.1   Fuel cell market share by application, 2019 & 2026

4.2   Stationary

4.2.1    Global market from stationary, 2015 – 2026

4.2.2    Global market from stationary, by region, 2015 - 2026

4.3   Portable

4.3.1    Global market from portable, 2015 – 2026

4.3.2    Global market from portable, by region, 2015 - 2026

4.4   Transport

4.4.1    Global market from transport, 2015 – 2026

4.4.2    Global market from transport, by region, 2015 - 2026

Chapter 5    Fuel Cell Market, By Product

5.1   Fuel cell market share by product, 2019 & 2026

5.2   PEMFC

5.2.1    Global market from PEMFC, 2015 – 2026

5.2.2    Global market from PEMFC, by region, 2015 - 2026

5.3   DMFC

5.3.1    Global market from DMFC, 2015 – 2026

5.3.2    Global market from DMFC, by region, 2015 - 2026

5.4   SOFC

5.4.1    Global market from SOFC, 2015 – 2026

5.4.2    Global market from SOFC, by region, 2015 - 2026

5.5   Others

5.5.1    Global market from Others, 2015 – 2026

5.5.2    Global market from Others, by region, 2015 - 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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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