WORLD FUEL CELLS (Industry forecasts for 2013 & 2018)

WORLD FUEL CELLS (Industry forecasts for 2013 & 2018) published by The Freedonia Group in June, 2009. This report consists of 419 PAGES and the price starts from US $ 5800.

Introduction

Abstract

World commercial fuel cell demand to triple by 2013

The world commercial market for fuel cells -- including revenues associated with prototyping and test marketing activities, as well as actual product sales -- will more than triple to $1.9 billion in 2013 and then almost triple again to $5.1 billion in 2018. Market gains will be stimulated by ongoing technological advances, helping drive costs down to competitive levels in a growing number of applications, and supported by improved economies of scale as fuel cell manufacturers ramp up production. In industrialized areas such as the US and Western Europe, efforts to reduce dependence on imported oil and address environmental concerns will also contribute to fuel cell commercialization activity and sales growth over the coming decade. Product sales will increase substantially in China and other developing countries, but the US, Western Europe, Japan, Canada and South Korea will account for over four-fifths of all commercial demand in 2018.

Portable fuel cell systems show best growth prospects

Commercial demand for fuel cell systems, which totaled 17,800 units in 2008, will expand exponentially through 2013, when unit sales will reach 1.3 million, and then climb another sevenfold to 9.95 million units in 2018. Although market gains are projected to be strong for most applications, virtually all of this increase will be attributable to an explosion in portable fuel cell systems demand, which is expected to account for 98 percent of all unit sales in 2018. Demand for portable electronics fuel cells will be spurred by user frustration over the shortcomings of batteries as a power source for high-drain electronic devices, and declining product costs will help make fuel cells -- which have the potential to offer much longer run times than batteries -- an affordable source of portable power. Electric power generation fuel cells will account for less than one percent of the total number of systems sold in 2018, but they will continue to make up the largest single share of commercial fuel cell product and service demand measured in value terms. Sales of fuel cells used in electric power generation applications will be stimulated by the comparatively low hurdles that they have to overcome to achieve cost competitiveness in this market, as well as by their much greater fuel efficiency compared to conventional power generation methods.

PEM fuel cells to strengthen dominant market position

Proton-exchange membrane (PEM) fuel cells are the most widely used, and they will strengthen their dominant market position over the coming decade. PEMs operate at relatively low temperatures (allowing them to be fabricated in multiple sizes and shapes), offer quick start-up (a major advantage in both backup power and vehicular settings) and can operate over a wide range of power outputs. As a result, more organizations are actively working to develop and market PEM systems than any other single fuel cell chemistry. However, demand for direct methanol fuel cells (DMFCs) will rise at a faster rate. DMFCs are a variant of conventional PEM technology that 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 high-temperature solid-oxide fuel cells will also grow at an aboveaverage pace 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

This new Freedonia industry study, World Fuel Cells, presents historical demand data (1998, 2003, 2008) plus forecasts for 2013 and 2018 by product, chemistry, application, world region and for 15 countries. The study also considers key market environment factors, evaluates company market share and profiles 39 industry participants.

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. 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
    • Molten Carbonate
    • Phosphoric Acid
    • Solid-Oxide
    • Direct Methanol
    • Alkaline
    • Other
  • Demand by Application
    • Electric Power Generation
    • Industrial Stationary & Motive Power
      • Industrial Stationary Power
      • Motive Power
    • Motor Vehicles
    • Other Transportation Equipment
    • Portable Electronics
    • Other
• World Fuel Cell Production
• International Trade Flows & Multinational Investment

V. NORTH AMERICA

• General
  • Fuel Cell Activity & Markets
  • Fuel Cell Outlook
• United States
• Canada
• Mexico

VI. WESTERN EUROPE

• General
  • Fuel Cell Activity & Markets
  • Fuel Cell Outlook
• Germany
• United Kingdom
• Italy
• France
• Spain
• Netherlands
• Other Western Europe

VII. ASIA/PACIFIC

• General
  • Fuel Cell Activity & Markets
  • Fuel Cell Outlook
• Japan
• South Korea
• China
• India
• Australia
• Other Asia/Pacific

VIII. OTHER REGIONS

• Latin America
• Eastern Europe
  • Russia
  • Other Eastern Europe
• Africa/Mideast

IX. INDUSTRY STRUCTURE

• General
• Industry Composition
• Market Share
  • FuelCell Energy
  • Teledyne Energy Systems
  • UTC Power
  • Ballard Power Systems
  • Hydrogenics
  • Siemens
  • Other Companies
• Research & Product Development
• Manufacturing
• Marketing & Distribution
• Cooperative Agreements
• Financial Requirements
• Acquisitions & Divestitures

COMPANY PROFILES

• Acumentrics Corporation
• Altergy Systems
• Ansaldo Fuel Cells, see Finmeccanica
• Arcotronics Fuel Cells, see Morphic Technologies
• AREVA Group
• Automotive Fuel Cell, see Ballard Power Systems,
• Daimler and Ford Motor
• Axane Fuel Cell Systems, see L' Air Liquide
• Ballard Power Systems Incorporated
• Cell Impact, see Morphic Technologies
• Ceramic Fuel Cells Limited
• Ceres Power Holdings plc
• CFC Solutions, see Tognum
• Daimler AG
• Exergy Fuel Cells, see Morphic Technologies
• Finmeccanica SpA
• Ford Motor Company
• FuelCell Energy Incorporated
• General Hydrogen, see Plug Power
• General Motors Corporation
• Helbio, see Morphic Technologies
• Helion, see AREVA Group
• Honda Motor Company Limited
• Horizon Fuel Cell Technologies Pte Limited
• Hydrogenics Corporation
• Hyundai Motor Company
• IdaTech LLC
• IHI Corporation
• Intelligent Energy Limited
• Ishikawajima-Harima Heavy Industries, see IHI
• Jadoo Power Systems Incorporated
• L' Air Liquide SA
• Matsushita Electric Industrial, see Panasonic
• Mechanical Technology Incorporated
• Mitsubishi Heavy Industries Limited
• Morphic Technologies AB
• MTI MicroFuel Cells, see Mechanical Technology
• MTU Onsite Energy, see Tognum
• Nippon Oil Corporation
• Nuvera Fuel Cells Incorporated
• Panasonic Corporation
• Plug Power Incorporated
• Proton Motor Fuel Cell, see Proton Power Systems
• Proton Power Systems plc
• Protonex Technology Corporation
• Quantum Fuel Systems Technologies Worldwide Incorporated
• ReliOn Incorporated
• SFC Smart Fuel Cell AG
• Siemens AG
• Sunrise Power Company Limited
• Teledyne Technologies Incorporated
• Tognum AG
• Toshiba Corporation
• Toyota Motor Corporation
• United Technologies Corporation
• UTC Power, see United Technologies
• Other Companies Mentioned in Study

LIST OF TABLES

SECTION I - EXECUTIVE SUMMARY

• Summary Table

SECTION II - MARKET ENVIRONMENT

• 1 World Gross Domestic Product by Region
• 2 World Per Capita GDP by Region
• 3 World Population by Region
• 4 World Gross Fixed Investment by Region
• 5 World Manufacturing Value Added by Region
• 6 World Energy Production by Type
• 7 World Electric Power Generation by Region
• 8 World Motor Vehicle Production by Region
• 9 World Hybrid/Electric Light Vehicle Demand by Region
• 10 World Electronic Product Shipments by Region
• 11 World Fuel Cell System Costs

SECTION III - TECHNOLOGY

• 1 World Battery Demand by Region
• 2 World Internal Combustion Engine Demand by Region
• 3 World Turbine Demand by Region

SECTION IV - SUPPLY & DEMAND

• 1 Total World Fuel Cell Spending by Type & Region
• 2 World Commercial Fuel Cell Demand by Region
• 3 Total World Commercial Fuel Cell Demand by Product
• 4 World Commercial Fuel Cell Demand by Chemistry
• 5 World Commercial Proton-Exchange Membrane Fuel Cell Demand by Application & Region
• 6 World Commercial Molten Carbonate Fuel Cell Demand by Application & Region
• 7 World Commercial Phosphoric Acid Fuel Cell Demand by Application & Region
• 8 World Commercial Solid-Oxide Fuel Cell Demand by Application & Region
• 9 World Commercial Direct Methanol Fuel Cell Demand by Application & Region
• 10 World Commercial Alkaline Fuel Cell Demand by Application & Region
• 11 World Commercial Demand for Other Fuel Cell Types by Application & Region
• 12 World Commercial Fuel Cell Demand by Application
• 13 World Commercial Fuel Cell Systems Demand by Application
• 14 World Commercial Electric Power Generation Fuel Cell Demand by Chemistry, Region & Product
• 15 World Commercial Industrial Stationary & Motive Power Fuel Cell Demand by Application, Chemistry, Region & Product
• 16 World Commercial Motor Vehicle Fuel Cell Demand by Chemistry, Region & Product
• 17 World Commercial Demand for Fuel Cells Used in Other Transportation Applications by Chemistry, Region & Product
• 18 World Commercial Portable Electronics Fuel Cell Demand by Chemistry, Region & Product
• 19 World Commercial Demand for Fuel Cells Used in Other Applications by Chemistry, Region & Product
• 20 Selected International Fuel Cell Programs

SECTION V - NORTH AMERICA

• 1 North America - Economic & Market Environment
• 2 North America - Commercial Fuel Cell Demand
• 3 United States - Economic & Market Environment
• 4 United States - Commercial Fuel Cell Demand
• 5 Canada - Economic & Market Environment
• 6 Canada - Commercial Fuel Cell Demand
• 7 Mexico - Economic & Market Environment
• 8 Mexico - Commercial Fuel Cell Demand

SECTION VI - WESTERN EUROPE

• 1 Western Europe - Economic & Market Environment
• 2 Western Europe - Commercial Fuel Cell Demand
• 3 Germany - Economic & Market Environment
• 4 Germany - Commercial Fuel Cell Demand
• 5 United Kingdom - Economic & Market Environment
• 6 United Kingdom - Commercial Fuel Cell Demand
• 7 Italy - Economic & Market Environment
• 8 Italy - Commercial Fuel Cell Demand
• 9 France - Economic & Market Environment
• 10 France - Commercial Fuel Cell Demand
• 11 Spain - Economic & Market Environment
• 12 Spain - Commercial Fuel Cell Demand
• 13 Netherlands - Economic & Market Environment
• 14 Netherlands - Commercial Fuel Cell Demand
• 15 Other Western Europe - Economic & Market Environment
• 16 Other Western Europe - Commercial Fuel Cell Demand

SECTION VII - ASIA/PACIFIC

• 1 Asia/Pacific - Economic & Market Environment
• 2 Asia/Pacific - Commercial Fuel Cell Demand
• 3 Japan - Economic & Market Environment
• 4 Japan - Commercial Fuel Cell Demand
• 5 South Korea - Economic & Market Environment
• 6 South Korea - Commercial Fuel Cell Demand
• 7 China - Economic & Market Environment
• 8 China - Commercial Fuel Cell Demand
• 9 India - Economic & Market Environment
• 10 India - Commercial Fuel Cell Demand
• 11 Australia - Economic & Market Environment
• 12 Australia - Commercial Fuel Cell Demand
• 13 Other Asia/Pacific - Economic & Market Environment
• 14 Other Asia/Pacific - Commercial Fuel Cell Demand

SECTION VIII - OTHER REGIONS

• 1 Latin America - Economic & Market Environment
• 2 Latin America - Commercial Fuel Cell Demand
• 3 Eastern Europe - Economic & Market Environment
• 4 Eastern Europe - Commercial Fuel Cell Demand
• 5 Russia - Economic & Market Environment
• 6 Russia - Commercial Fuel Cell Demand
• 7 Other Eastern Europe - Economic & Market Environment
• 8 Other Eastern Europe - Commercial Fuel Cell Demand
• 9 Africa/Mideast - Economic & Market Environment
• 10 Africa/Mideast - Commercial Fuel Cell Demand

SECTION IX - INDUSTRY STRUCTURE

• 1 Fuel Cell-Related Revenues for Selected Companies, 2008
• 2 Research & Development Spending by Selected Fuel Cell Companies, 2006-2008
• 3 Selected Cooperative Agreements
• 4 Selected Acquisitions & Divestitures

LIST OF CHARTS

SECTION II - MARKET ENVIRONMENT

• 1 World Energy Production by Type, 1998-2018
• 2 World Fuel Cell System Costs, 1998-2018

SECTION III - TECHNOLOGY

• 1 Basic Fuel Cell Construction
• 2 Gravimetric Energy Density of Various Power Conversion & Storage Systems

SECTION IV - SUPPLY & DEMAND

• 1 Relationship Between Per Capita Fuel Cell Demand & Per Capita GDP, 2018
• 2 Total World Fuel Cell Spending by Region, 2018
• 3 World Commercial Fuel Cell Demand by Region, 2018
• 4 World Commercial Fuel Cell Demand by Chemistry, 2018
• 5 World Commercial Fuel Cell Demand by Application, 2018
• 6 World Commercial Fuel Cell Systems Demand by Application, 1998-2018

SECTION V - NORTH AMERICA

• 1 North America - Commercial Fuel Cell Demand by Country, 2018

SECTION VI - WESTERN EUROPE

• 1 Western Europe - Commercial Fuel Cell Demand by Country, 2018

SECTION VII - ASIA/PACIFIC

• 1 Asia/Pacific - Commercial Fuel Cell Demand by Country, 2018

SECTION IX - INDUSTRY STRUCTURE

• 1 World Fuel Cell Market Share by Company, 2008

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