Global commercial demand to more than triple by 2020
Global fuel cell spending is forecast to climb 10.9 percent annually to $10.3
billion in 2015 and total $19.2 billion in 2020. Commercial demand for fuel
cell products and services will more than triple to $2.9 billion in 2015 and
then triple again to $9.4 billion in 2020, when it will account for nearly
half of all outlays. Market gains will be driven by continuing technological
advances, helping bring costs down to competitive levels in a growing number
of applications, and bolstered by improved economies of scale as fuel cell
manufacturers increase production.
Portable fuel cell systems to become dominant types
Commercial sales of fuel cell systems will expand exponentially in unit terms.
Although gains are projected to be strong for most fuel cell applications,
virtually all of this increase will be attributable to an explosion in sales
of portable fuel cell systems, which are expected to account for 97 percent of
all unit demand in 2020. The market for portable electronics fuel cells, most
of which are currently utilized in niche applications like defense and
educational toys, will be spurred by user frustration over the shortcomings of
batteries as a power source, and declining costs will help make fuel cells an
affordable alternative source of portable power.
Motor vehicle fuel cells to be most valuable market
Although fuel cells used in motor vehicle applications will account for less
than details on any study visit one-half of one percent of the total
number of systems sold in 2020, they will make up the largest single share of
demand in dollar terms. A number of major automakers have announced plans to
begin offering fuel cell vehicles commercially in 2015 or before, and sales
are forecast to ramp up from what are currently extremely modest levels,
consisting predominantly of revenues generated from the sale of products and
services associated with prototyping, demonstration and test marketing. With a
number of products already on the market, electric power generation
applications accounted for well over half of all commercial fuel cell demand
in 2010. Electric power generation-related fuel cell sales will continue to
grow at a brisk pace through 2020, benefitting from the relatively low hurdles
that this equipment has to overcome to achieve cost competitiveness and its
much greater fuel efficiency compared to conventional power generation methods.
PEM types, DMFCs to offer best product opportunities
Proton-exchange membrane (PEM) fuel cells are by far the most widely used, and
they will strengthen their dominant market position over the next decade. More
organizations are working to develop and market PEM systems than any other
single fuel cell chemistry, which will help boost demand as additional PEM
products are introduced. However, demand for direct methanol fuel cells
(DMFCs) will expand at a faster rate through 2020. DMFCs can extract hydrogen
from methanol without the need for a reformer, making them highly suitable for
powering small electronic devices where a reformer would add unwanted bulk.
Sales of hightemperature solid-oxide and molten carbonate fuel cells are also
projected to climb rapidly because of their ability to use multiple fuels and
their high energy efficiency, which can exceed 80 percent if excess heat
generated is recaptured for cogeneration purposes.
Study coverage
Details on these and other key findings are contained in a new Freedonia
industry study, “World Fuel Cells”, presents historical demand
data 2000, 2005 and 2010) plus forecasts for 2015 and 2020 by product,
chemistry, application, world region and for 15 countries. The study also
considers key market environment factors, assesses industry structure,
evaluates company market share and profiles 37 industry competitors worldwide.
Table of Contents
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
World Economic Overview
Recent Economic Performance
Economic Outlook
Personal Income & Expenditure Trends
World Population Outlook
Gross Fixed Investment & Manufacturing Trends
World Gross Fixed Investment Outlook
World Manufacturing Outlook
Fuel Cell Infrastructure
World Energy & Power Generation Outlook
Energy Supply & Demand
Electric Power Generation
Distributed Power/Micropower
World Motor Vehicle Outlook
Motor Vehicle Production Trends
Hybrid & Electric Vehicle Outlook
World Electronics Sector Outlook
Government/Institutional Trends
Fuel Cell Cost/Pricing Dynamics
Environmental & Regulatory Issues
III. TECHNOLOGY
General
Basic Electrical Properties
Fuel Cell Construction & Operation
Fuel Cell Chemistries
Alkaline
Molten Carbonate
Phosphoric Acid
Proton-Exchange Membrane
Direct Methanol
Solid-Oxide
Other
Hydrogen Fuel Sources
Fuel Cell Materials
Catalysts
Electrodes, Electrolytes & Plates
Nanotechnology
Alternate Sources of Power
Batteries
Internal Combustion Engines
Turbines & Microturbines
Other Sources of Power
IV. WORLD SUPPLY & DEMAND
General
World Fuel Cell Markets
Regional Demand Dynamics
Total Fuel Cell Spending
Commercial Fuel Cell Demand
Demand by Product
Systems
Fuels
Electronic Devices
Other Products & Services
Demand by Chemistry
Proton-Exchange Membrane
Solid-Oxide
Molten Carbonate
Phosphoric Acid
Direct Methanol
Alkaline
Other
Demand by Application
Electric Power Generation
Motor Vehicles
Other Transportation Equipment
Ships & Boats
All Other
Industrial Stationary & Motive Power
Industrial Stationary Power
Motive Power
Portable Electronics
Other
World Fuel Cell Production
International Trade Flows & Multinational Investment
V. NORTH AMERICA
North America: General
North America: Fuel Cell Activity & Markets
North America: Fuel Cell Outlook
United States
Canada
Mexico
VI. WESTERN EUROPE
Western Europe: General
Western Europe: Fuel Cell Activity & Markets
Western Europe: Fuel Cell Outlook
Germany
United Kingdom
Italy
France
Netherlands
Spain
Other Western Europe
VII. ASIA/PACIFIC
Asia/Pacific: General
Asia/Pacific: Fuel Cell Activity & Markets
Asia/Pacific: Fuel Cell Outlook
Japan
South Korea
China
India
Australia
Other Asia/Pacific
VIII. OTHER REGIONS
Central & South America
Eastern Europe
Russia
Other Eastern Europe
Africa/Mideast
IX. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Panasonic
UTC Power
FuelCell Energy
Bloom Energy
Toshiba
Ballard Power Systems
ENEOS CellTech
Other Companies
Research & Product Development
Manufacturing
Marketing & Distribution
Cooperative Agreements
Financial Requirements
Acquisitions & Divestitures
COMPANY PROFILES
Acumentrics Corporation
Altergy Systems
AREVA Group
Automotive Fuel Cell Cooperation, see Ballard Power
Systems, Daimler and Ford Motor
AXANE, see L' Air Liquide
Ballard Power Systems Incorporated
Bloom Energy Corporation
Bridgeport Fuel Cell Park, see FuelCell Energy
Cell Impact, see Morphic Technologies
Ceramic Fuel Cells Limited
ClearEdge Power Incorporated
Daimler AG
Dantherm Power A/S, see Ballard Power Systems
Electro Power Systems SpA
ENEOS CellTech, see JX Holdings and Panasonic
Exergy Fuel Cells, see Morphic Technologies
Ford Motor Company
FuelCell Energy Incorporated
FuelCellPower Incorporated
General Motors Company
Helion, see AREVA Group
Honda Motor Company Limited
Horizon Fuel Cell Technologies Pte Limited
Hydrogenics Corporation
Hyundai Motor Company
IdaTech plc
Intelligent Energy Holdings plc
Jadoo Power Systems Incorporated
Johnson Matthey plc
JX Holdings Incorporated
L' Air Liquide SA
Morphic Technologies AB
Nippon Oil, see JX Holdings
NuCellSys, see Daimler
Nuvera Fuel Cells Incorporated
Panasonic Corporation
Plug Power Incorporated
Protonex Technology Corporation
Quantum Fuel Systems Technologies Worldwide
Incorporated
ReliOn Incorporated
SFC Energy AG
Siemens AG
Sunrise Power Company Limited
Teledyne Technologies Incorporated
Toshiba Corporation
Toyota Motor Corporation
United Technologies Corporation
Other Companies Mentioned in Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
World Gross Domestic Product by Region
World Per Capita GDP by Region
World Population by Region
World Gross Fixed Investment by Region
World Manufacturing Value Added by Region
World Energy Production by Type
World Electric Power Generation by Region
World Motor Vehicle Production by Type & Region
World Hybrid & Electric Light Vehicle Demand by Region
World Electronic Product Shipments by Region
World Fuel Cell System Costs
SECTION III -- TECHNOLOGY
World Battery Demand by Region
World Internal Combustion Engine Demand by Region
World Electric Power Generation Turbine Demand by Region
SECTION IV -- WORLD SUPPLY & DEMAND
Total World Fuel Cell Spending by Type & Region
World Commercial Fuel Cell Demand by Region
World Commercial Fuel Cell Demand by Product
World Commercial Fuel Cell Demand by Chemistry
World Commercial Proton-Exchange Membrane Fuel Cell Demand by Application
& Region
World Commercial Solid-Oxide Fuel Cell Demand by Application & Region
World Commercial Molten Carbonate Fuel Cell Demand by Application & Region
World Commercial Phosphoric Acid Fuel Cell Demand by Application & Region
World Commercial Direct Methanol Fuel Cell Demand by Application & Region
World Commercial Alkaline Fuel Cell Demand by Application & Region
World Commercial Demand for Other Fuel Cell Types by Application & Region
World Commercial Fuel Cell Demand by Application
World Commercial Fuel Cell Systems Demand by Application
World Commercial Electric Power Generation Fuel Cell Demand by Chemistry &
Product
World Commercial Electric Power Generation Fuel Cell Demand by Region
World Commercial Motor Vehicle Fuel Cell Demand by Chemistry & Product
World Commercial Motor Vehicle Fuel Cell Demand by Region
World Demand for Fuel Cells Used in Other Transportation Equipment by
Application, Chemistry & Product
World Demand for Fuel Cells Used in Other Transportation Equipment by
Region
World Commercial Industrial Stationary & Motive Power
Fuel Cell Demand by Application, Chemistry & Product
World Commercial Industrial Stationary & Motive Power
Fuel Cell Demand by Region
World Commercial Portable Electronics Fuel Cell Demand by Chemistry &
Product
World Commercial Portable Electronics Fuel Cell Demand by Region
World Demand for Fuel Cells Used in Other Applications by Chemistry &
Product
World Commercial Demand for Fuel Cells Used in Other
Applications by Region
Selected International Fuel Cell Programs
SECTION V -- NORTH AMERICA
North America - Economic & Market Environment
North America - Commercial Fuel Cell Demand
United States - Economic & Market Environment
United States - Commercial Fuel Cell Demand
Canada - Economic & Market Environment
Canada - Commercial Fuel Cell Demand
Mexico - Economic & Market Environment
Mexico - Commercial Fuel Cell Demand
SECTION VI -- WESTERN EUROPE
Western Europe - Economic & Market Environment
Western Europe - Commercial Fuel Cell Demand
Germany - Economic & Market Environment
Germany - Commercial Fuel Cell Demand
United Kingdom - Economic & Market Environment
United Kingdom - Commercial Fuel Cell Demand
Italy - Economic & Market Environment
Italy - Commercial Fuel Cell Demand
France - Economic & Market Environment
France - Commercial Fuel Cell Demand
Netherlands - Economic & Market Environment
Netherlands - Commercial Fuel Cell Demand
Spain - Economic & Market Environment
Spain - Commercial Fuel Cell Demand
Other Western Europe - Economic & Market Environment
Other Western Europe - Commercial Fuel Cell Demand
SECTION VII -- ASIA/PACIFIC
Asia/Pacific - Economic & Market Environment
Asia/Pacific - Commercial Fuel Cell Demand
Japan - Economic & Market Environment
Japan - Commercial Fuel Cell Demand
South Korea - Economic & Market Environment
South Korea - Commercial Fuel Cell Demand
China - Economic & Market Environment
China - Commercial Fuel Cell Demand
India - Economic & Market Environment
India - Commercial Fuel Cell Demand
Australia - Economic & Market Environment
Australia - Commercial Fuel Cell Demand
Other Asia/Pacific - Economic & Market Environment
Other Asia/Pacific - Commercial Fuel Cell Demand
SECTION VIII -- OTHER REGIONS
Central & South America - Economic & Market Environment
Central & South America - Commercial Fuel Cell Demand
Eastern Europe - Economic & Market Environment
Eastern Europe - Commercial Fuel Cell Demand
Russia - Economic & Market Environment
Russia - Commercial Fuel Cell Demand
Other Eastern Europe - Economic & Market Environment
Other Eastern Europe - Commercial Fuel Cell Demand
Africa/Mideast - Commercial & Market Environment
Africa/Mideast - Commercial Fuel Cell Demand
SECTION IX -- INDUSTRY STRUCTURE
Fuel Cell-Related Revenues for Selected Companies, 2010
Research & Development Spending by Selected Fuel Cell
Companies, 2008-2010
Selected Cooperative Agreements
Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
World Energy Production by Type, 2000-2020
World Fuel Cell System Costs, 2000-2020
SECTION III -- TECHNOLOGY
Basic Fuel Cell Construction
Gravimetric Energy Density of Various Power Conversion & Storage Systems
SECTION IV -- WORLD SUPPLY & DEMAND
Relationship Between Per Capita Fuel Cell Demand & Per Capita GDP, 2020
Total World Fuel Cell Spending by Region, 2020
World Commercial Fuel Cell Demand by Region, 2020
World Commercial Fuel Cell Demand by Chemistry, 2020
World Commercial Fuel Cell Demand by Application, 2020
World Commercial Fuel Cell Systems Demand by Application, 2000-2020
SECTION V -- NORTH AMERICA
North America - Commercial Fuel Cell Demand by Country, 2020
SECTION VI -- WESTERN EUROPE
Western Europe - Commercial Fuel Cell Demand by Country, 2020
SECTION VII -- ASIA/PACIFIC
Asia/Pacific - Commercial Fuel Cell Demand by Country, 2020
SECTION IX -- INDUSTRY STRUCTURE
World Fuel Cell Market Share by Company, 2010
World Fuel Cells to 2015 published by The Freedonia Group in June 28, 2011. This report consists of 443 Pages and the price starts from US $ 6100.
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