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Market Research Report

Asia Pacific Fuel Cell Market Forecast 2020-2028

Published by Inkwood Research Product code 601446
Published Content info 108 Pages
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Asia Pacific Fuel Cell Market Forecast 2020-2028
Published: January 6, 2020 Content info: 108 Pages
Description

KEY FINDINGS

The Asia Pacific market of the fuel cell is estimated to record at a CAGR of 18.07% during the projected period, 2020-2028. The growth of the market is propelled mainly by the presence of many large fuel cell manufacturers like Fuji Electric and others that are focused on development in the region. Another factor is the increased adoption of fuel cell vehicles in the overall region.

MARKET INSIGHTS

The fuel cell market growth in the Asia Pacific is analyzed further by segregating the region into South Korea, China, Thailand, Vietnam, Japan, India, Vietnam, Indonesia, Australia & New Zealand, and the rest of Asia Pacific that includes countries like the Philippines, Taiwan, Sri Lanka, etc. Indonesia's fuel cell market is still in the earliest stages of development. Indonesia's Electricity Power Supply Business Plan (RUPTL) intends to increase the capacity of renewable energy facilities from 12.52% in 2017 to 23% by 2025.There is also a growing demand for a distributed generation system since people live on isolated islands, thereby driving the demand for fuel cells.

In Thailand, private companies are taking initiatives for implementing fuel cell technologies. The Electricity Generating Authority of Thailand, along with its partners, is taking steps to deploy green hydrogen as a carbon-free energy carrier in Thailand. Australia's fuel cell market is primarily influenced by the growing demand for an unconventional energy source. New Zealand is developing the infrastructure for the hydrogen economy. The Philippines is vulnerable to weather conditions like earthquakes and cyclones, and fuel cells can provide a game-changing alternative to power sources that are easily damaged by weather or polluting backup sources used today, like battery rooms and diesel generators. In Taiwan, the hydrogen fuel cell electric scooter with zero-emission is the first choice to reduce air pollution.

COMPETITIVE INSIGHTS

Aisin Seiki Co. Ltd., Toshiba Corporation, Panasonic Corporation, Hitachi, Ltd., Toyota Motor Corporation, etc. are some of the major companies operating in the market.

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 cater 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

Table of Contents
Product Code: 12659

Table of contents

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. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. DEVELOPMENT OF FUEL CELL
  • 3.2. MARKET DEFINITION
  • 3.3. KEY DRIVERS
    • 3.3.1. DEVELOPMENT OF HYDROGEN INFRASTRUCTURE
    • 3.3.2. RISING PUBLIC-PRIVATE PARTNERSHIP
    • 3.3.3. INNOVATION IN FUEL CELL TECHNOLOGY
    • 3.3.4. INCREASING DEMAND FOR POWER GENERATION
  • 3.4. KEY RESTRAINTS
    • 3.4.1. HIGH COST OF FUEL CELL TECHNOLOGIES
    • 3.4.2. LACK OF INFRASTRUCTURE
    • 3.4.3. HIGH CAPITAL INVESTMENT
    • 3.4.4. LACK OF SKILLED PROFESSIONALS

4. KEY ANALYTICS

  • 4.1. KEY INVESTMENT INSIGHTS
  • 4.2. PORTER'S FIVE FORCE ANALYSIS
    • 4.2.1. BUYER POWER
    • 4.2.2. SUPPLIER POWER
    • 4.2.3. SUBSTITUTION
    • 4.2.4. NEW ENTRANTS
    • 4.2.5. INDUSTRY RIVALRY
  • 4.3. OPPORTUNITY MATRIX
  • 4.4. VENDOR LANDSCAPE
  • 4.5. VALUE CHAIN ANALYSIS
    • 4.5.1. RAW MATERIAL SUPPLIERS
    • 4.5.2. MANUFACTURERS
    • 4.5.3. DISTRIBUTORS
    • 4.5.4. END-USERS
  • 4.6. KEY BUYING CRITERIA
    • 4.6.1. PRICE
    • 4.6.2. APPLICATION
    • 4.6.3. EFFICIENCY OF THE SYSTEM
  • 4.7. REGULATORY FRAMEWORK
  • 4.8. PATENT ANALYSIS - JAPAN

5. MARKET BY PRODUCT

  • 5.1. SOLID OXIDE FUEL CELLS (SOFC)
  • 5.2. PHOSPHORIC ACID FUEL CELLS (PAFC)
  • 5.3. MOLTEN CARBONATE FUEL CELLS (MCFC)
  • 5.4. PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC)
  • 5.5. OTHER FUEL CELLS

6. MARKET BY APPLICATION

  • 6.1. TRANSPORTATION
  • 6.2. STATIONARY
  • 6.3. PORTABLE

7. GEOGRAPHICAL ANALYSIS

  • 7.1. ASIA PACIFIC
    • 7.1.1. CHINA
    • 7.1.2. JAPAN
    • 7.1.3. INDIA
    • 7.1.4. SOUTH KOREA
    • 7.1.5. INDONESIA
    • 7.1.6. THAILAND
    • 7.1.7. VIETNAM
    • 7.1.8. AUSTRALIA & NEW ZEALAND
    • 7.1.9. REST OF ASIA PACIFIC

8. COMPANY PROFILES

  • 8.1. AFC ENERGY PLC
  • 8.2. AISIN SEIKI CO. LTD
  • 8.3. BALLARD POWER SYSTEMS INC.
  • 8.4. BLOOM ENERGY CORPORATION
  • 8.5. CERES POWER HOLDINGS PLC
  • 8.6. EXXON MOBIL CORPORATION
  • 8.7. FUEL CELL ENERGY, INC
  • 8.8. GENERAL ELECTRIC COMPANY (GE)
  • 8.9. HITACHI, LTD
  • 8.10. HYDROGENICS CORPORATION
  • 8.11. PANASONIC CORPORATION
  • 8.12. PLUG POWER INC.
  • 8.13. SFC ENERGY AG
  • 8.14. TOSHIBA CORPORATION
  • 8.15. TOYOTA MOTOR CORPORATION

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - FUEL CELL
  • TABLE 2: REGULATORY FRAMEWORK
  • TABLE 3: ASIA PACIFIC FUEL CELL MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 4: ASIA PACIFIC FUEL CELL MARKET, BY PRODUCT, FORECAST YEARS, 2020-2028 (IN $ MILLION)
  • TABLE 5: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 6: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
  • TABLE 7: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 8: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1: TIMELINE OF FUEL CELLS
  • FIGURE 2: CUT IN FUEL COSTS DUE TO TECHNOLOGICAL INNOVATIONS $/kW (2002-2016)
  • FIGURE 3: KEY INVESTMENT INSIGHTS
  • FIGURE 4: PORTER'S FIVE FORCE ANALYSIS
  • FIGURE 5: OPPORTUNITY MATRIX
  • FIGURE 6: VENDOR LANDSCAPE
  • FIGURE 7: VALUE CHAIN ANALYSIS
  • FIGURE 8: KEY BUYING CRITERIA
  • FIGURE 9: ASIA PACIFIC FUEL CELL MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019
  • FIGURE 10: ASIA PACIFIC FUEL CELL MARKET, SOLID OXIDE FUEL CELLS (SOFC), 2020-2028 (IN $ MILLION)
  • FIGURE 11: ASIA PACIFIC FUEL CELL MARKET, PHOSPHORIC ACID FUEL CELLS (PAFC), 2020-2028 (IN $ MILLION)
  • FIGURE 12: ASIA PACIFIC FUEL CELL MARKET, MOLTEN CARBONATE FUEL CELLS (MCFC), 2020-2028 (IN $ MILLION)
  • FIGURE 13: ASIA PACIFIC FUEL CELL MARKET, PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC), 2020-2028 (IN $ MILLION)
  • FIGURE 14: ASIA PACIFIC FUEL CELL MARKET, OTHER FUEL CELLS, 2020-2028 (IN $ MILLION)
  • FIGURE 15: ASIA PACIFIC FUEL CELL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019
  • FIGURE 16: ASIA PACIFIC FUEL CELL MARKET, TRANSPORTATION, 2020-2028 (IN $ MILLION)
  • FIGURE 17: ASIA PACIFIC FUEL CELL MARKET, STATIONARY, 2020-2028 (IN $ MILLION)
  • FIGURE 18: ASIA PACIFIC FUEL CELL MARKET, PORTABLE, 2020-2028 (IN $ MILLION)
  • FIGURE 19: ASIA PACIFIC FUEL CELL MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
  • FIGURE 20: CHINA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 21: JAPAN FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 22: INDIA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 23: SOUTH KOREA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 24: INDONESIA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 25: THAILAND FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 26: VIETNAM FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 27: AUSTRALIA & NEW ZEALAND FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
  • FIGURE 28: REST OF ASIA PACIFIC FUEL CELL MARKET, 2020-2028 (IN $ MILLION)
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