China Fuel Cell Market Forecast 2023-2028

The China fuel cell market is expected to record a CAGR of 19.31% during the forecast period, 2023-2028. For the past decade, China has consistently held the title of the world's foremost energy producer and consumer. Before the onset of the COVID-19 pandemic, its carbon dioxide emissions stemming from energy-related activities had surged to account for 28% of the global total.

MARKET INSIGHTS

Fuel cells utilize hydrogen and oxygen for direct electricity generation, resulting in the absence of carbon dioxide or other harmful pollutants being released during power generation. While carbon dioxide is emitted in the processes of steam methane reforming and coal gasification used for hydrogen production, electrolysis is recognized as a method for producing clean hydrogen. Additionally, fuel cell power generation does not produce carbon dioxide emissions, as it relies on a chemical reaction that generates little to no noise.

Further, the application of fuel cell technology in automobiles and other mobile uses can play a significant role in reducing pollution. As research continues to focus on eco-friendly energy sources, it is essential for investors and consumers to consider the numerous positive environmental impacts of fuel cells, including their low CO2 emissions and high-efficiency levels. Such factors boost growth opportunities in the China fuel cell market.

COMPETITIVE INSIGHTS

Some of the leading players in the market are: NUVERA FUEL CELLS LLC, Cummins Inc, Plug Power Inc, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 71236

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. KEY GROWTH ENABLERS
2.5. KEY CHALLENGES

3. KEY ANALYTICS

3.1. CRISIS SCENARIO ANALYSIS
- 3.1.1. IMPACT OF COVID-19 ON FUEL CELL MARKET
3.2. PESTLE ANALYSIS
- 3.2.1. POLITICAL
- 3.2.2. ECONOMICAL
- 3.2.3. SOCIAL
- 3.2.4. TECHNOLOGICAL
- 3.2.5. LEGAL
- 3.2.6. ENVIRONMENT
3.3. KEY MARKET TRENDS
3.4. PORTER'S FIVE FORCES ANALYSIS
- 3.4.1. BUYERS POWER
- 3.4.2. SUPPLIERS POWER
- 3.4.3. SUBSTITUTION
- 3.4.4. NEW ENTRANTS
- 3.4.5. INDUSTRY RIVALRY
3.5. MARKET CONCENTRATION ANALYSIS

4. MARKET BY APPLICATION

4.1. STATIONARY
- 4.1.1. MARKET FORECAST FIGURE
- 4.1.2. SEGMENT ANALYSIS
4.2. TRANSPORTATION
- 4.2.1. MARKET FORECAST FIGURE
- 4.2.2. SEGMENT ANALYSIS
4.3. PORTABLE
- 4.3.1. MARKET FORECAST FIGURE
- 4.3.2. SEGMENT ANALYSIS

5. MARKET BY TYPE

5.1. POLYMER ELECTROLYTE MEMBRANE FUEL CELLS (PEMFC)
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. PHOSPHORIC ACID FUEL CELLS (PAFCS)
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. SOLID OXIDE FUEL CELLS (SOFCS)
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. MOLTEN CARBONATE FUEL CELLS (MCFCS)
- 5.4.1. MARKET FORECAST FIGURE
- 5.4.2. SEGMENT ANALYSIS
5.5. OTHER TYPES
- 5.5.1. MARKET FORECAST FIGURE
- 5.5.2. SEGMENT ANALYSIS

6. COMPETITIVE LANDSCAPE

6.1. KEY STRATEGIC DEVELOPMENTS
- 6.1.1. MERGERS & ACQUISITIONS
- 6.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 6.1.3. PARTNERSHIPS & AGREEMENTS
6.2. COMPANY PROFILES
- 6.2.1. AISIN CORPORATION
  - 6.2.1.1. COMPANY OVERVIEW
  - 6.2.1.2. PRODUCTS LIST
  - 6.2.1.3. STRENGTHS & CHALLENGES
- 6.2.2. BALLARD POWER SYSTEMS INC
  - 6.2.2.1. COMPANY OVERVIEW
  - 6.2.2.2. PRODUCTS LIST
  - 6.2.2.3. STRENGTHS & CHALLENGES
- 6.2.3. BLOOM ENERGY CORPORATION
  - 6.2.3.1. COMPANY OVERVIEW
  - 6.2.3.2. PRODUCTS LIST
  - 6.2.3.3. STRENGTHS & CHALLENGES
- 6.2.4. CUMMINS INC
  - 6.2.4.1. COMPANY OVERVIEW
  - 6.2.4.2. PRODUCTS LIST
  - 6.2.4.3. STRENGTHS & CHALLENGES
- 6.2.5. DOOSAN FUEL CELL CO LTD
  - 6.2.5.1. COMPANY OVERVIEW
  - 6.2.5.2. PRODUCTS LIST
  - 6.2.5.3. STRENGTHS & CHALLENGES
- 6.2.6. FUELCELL ENERGY INC
  - 6.2.6.1. COMPANY OVERVIEW
  - 6.2.6.2. PRODUCTS LIST
  - 6.2.6.3. STRENGTHS & CHALLENGES
- 6.2.7. NEDSTACK FUEL CELL TECHNOLOGY BV
  - 6.2.7.1. COMPANY OVERVIEW
  - 6.2.7.2. PRODUCTS LIST
- 6.2.8. NUVERA FUEL CELLS LLC
  - 6.2.8.1. COMPANY OVERVIEW
  - 6.2.8.2. PRODUCTS LIST
- 6.2.9. PLUG POWER INC
  - 6.2.9.1. COMPANY OVERVIEW
  - 6.2.9.2. PRODUCTS LIST
  - 6.2.9.3. STRENGTHS & CHALLENGES
- 6.2.10. SFC ENERGY AG
  - 6.2.10.1. COMPANY OVERVIEW
  - 6.2.10.2. PRODUCTS LIST
  - 6.2.10.3. STRENGTHS & CHALLENGES

Product Code: 71236

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - FUEL CELL
TABLE 2: CHINA - COUNTRY SNAPSHOT
TABLE 3: CHINA FUEL CELL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: CHINA FUEL CELL MARKET, BY APPLICATION, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 5: CHINA FUEL CELL MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: CHINA FUEL CELL MARKET, BY TYPE, FORECAST YEARS, 2023-2028 (IN $ MILLION)
TABLE 7: LIST OF MERGERS & ACQUISITIONS
TABLE 8: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 9: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: MARKET CONCENTRATION ANALYSIS
FIGURE 4: CHINA FUEL CELL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 5: CHINA FUEL CELL MARKET, BY STATIONARY, 2023-2028 (IN $ MILLION)
FIGURE 6: CHINA FUEL CELL MARKET, BY TRANSPORTATION, 2023-2028 (IN $ MILLION)
FIGURE 7: CHINA FUEL CELL MARKET, BY PORTABLE, 2023-2028 (IN $ MILLION)
FIGURE 8: CHINA FUEL CELL MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
FIGURE 9: CHINA FUEL CELL MARKET, BY POLYMER ELECTROLYTE MEMBRANE FUEL CELLS (PEMFC), 2023-2028 (IN $ MILLION)
FIGURE 10: CHINA FUEL CELL MARKET, BY PHOSPHORIC ACID FUEL CELLS (PAFCS), 2023-2028 (IN $ MILLION)
FIGURE 11: CHINA FUEL CELL MARKET, BY SOLID OXIDE FUEL CELLS (SOFCS), 2023-2028 (IN $ MILLION)
FIGURE 12: CHINA FUEL CELL MARKET, BY MOLTEN CARBONATE FUEL CELLS (MCFCS), 2023-2028 (IN $ MILLION)
FIGURE 13: CHINA FUEL CELL MARKET, BY OTHER TYPES, 2023-2028 (IN $ MILLION)