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Market Research Report
Product code 
1073222

Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicles (FCV)), Size (Small & Large), End User (Residential, C&l, Transportation, Data Center, Military & Defense, Utility), Region - Global Forecast -2027

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Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicles (FCV)), Size (Small & Large), End User (Residential, C&l, Transportation, Data Center, Military & Defense, Utility), Region - Global Forecast -2027
Published: May 3, 2022
MarketsandMarkets
Content info: 310 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and is projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. The market has a promising growth potential due to several factors, including the stringent norms on GHG emission across the globe, increasing R&D grants, increasing need of energy efficient power generation, and spur in demand of public as well as personal fuel cell electric vehicles.

"Stationary, The largest segment of fuel cell market, by application"

In the stationary application of fuel cells, the output required can be as high as multi megawatts (MW) or as low as less than 1 kW. Fuel cells with larger capacities are larger in size as well. These fuel cells can further be used for capacity addition and carbon capturing operations in a thermal power plant. Thus, the use of fuel cells consequently helps in reducing the carbon footprint in the residential, commercial, and industrial sectors.

"Transportation: The largest segment of fuel cell market, by end user"

The rising demand for personal mobility and increased concerns for low emission vehicles are driving the growth of the transportation end user. Several FCEV models, such as the Toyota Mirai, Honda Clarity, Mercedes Benz GLC FCEV, Nissan X-Trail FCEV, and Riversimple RASA are available in the market. Realizing the significant potential in the passenger light duty market, various companies are planning to launch new models in the coming years.

"Asia Pacific: The largest region in the fuel cell market"

Asia Pacific is one of the leading markets which is continuously shifting its focus towards green and renewable technologies to meet the targets set by the governments for reducing GHG emissions. Furthermore, countries such as Japan and South Korea are increasing their investments to adopt fuel cell technology.

Breakdown of Primaries:

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type- Tier 1- 65%, Tier 2- 24% Tier 3 - 11%
  • By Designation- C level - 30%, Managers & Other Level - 70%
  • By Region- North America - 27%, Europe - 20%, Asia Pacific - 53%

The fuel cell market is dominated by a few globally established players such as Bloom Energy (US), Aisin Corporation (Japan), Doosan Fuel Cell Co., Ltd. (South Korea), KYOCERA Corporation (Japan), Plug Power Inc. (US), Ceres (UK), Cummins Inc. (US), PowerCell Sweden AB (Sweden), TOSHIBA CORPORATION (Japan), Ballard Power Systems (Canada), SFC Energy (Germany), Mitsubishi Heavy Industries, Ltd (Japan), AFC Energy PLC (UK), ElringKlinger AG (Germany), Fuji Electric Co., Ltd. (Japan), Proton Motor Fuel Cell GmbH (UK), Adaptive Energy (US), Adelan (UK), Special Power Sources (US), ZTEK Corporation (US), SOLIDpower S.p.A. (Italy), Watt Fuel Cell Corporation (US), AVL List GmbH (Austria), Altergy (US), MICROrganic Technologies (US), Nedstack Fuel Cell Technology BV (Netharlands), Intelligent Energy Limited (UK), Horizon Fuel cell Technologies (Singapore), Nuvera Fuel Cells, LLC (US), and PowerUP Energy Technologies (Estonia).

Study Coverage:

The report segments the fuel cell market and forecasts its size, by volume and value, based on region (Asia Pacific, Europe, North America, and RoW), type (PEMFC, SOFC, PAFC, AFC, MFC, and DMFC), application (Stationary, Portable, and Fuel Cell Vehicles), size (Small scale and Large scale), end user (Residential, Commercial & Industrial, Transportation, Data Centers, Military & Defense, and Utilities & Government/Municipal Institutes).

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the fuel cell market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key benefits of buying the report:

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market

Product Code: EP 2762

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 DEFINITION
  • 1.3 INCLUSIONS AND EXCLUSIONS
    • 1.3.1 FUEL CELL MARKET, BY APPLICATION
    • 1.3.2 FUEL CELL MARKET, BY END USER
  • 1.4 MARKET SCOPE
    • 1.4.1 FUEL CELL MARKET SEGMENTATION
    • 1.4.2 REGIONAL SCOPE
  • 1.5 YEARS CONSIDERED
  • 1.6 CURRENCY
  • 1.7 LIMITATIONS
  • 1.8 STAKEHOLDERS
  • 1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 1 FUEL CELL MARKET: RESEARCH DESIGN
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 2 DATA TRIANGULATION METHODOLOGY
    • 2.2.1 SECONDARY DATA
    • 2.2.2 PRIMARY DATA
      • 2.2.2.1 Key insights from primary sources
      • 2.2.2.2 Breakdown of primaries
  • 2.3 MARKET SIZE ESTIMATION
    • 2.3.1 BOTTOM-UP APPROACH
    • FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    • 2.3.2 TOP-DOWN APPROACH
    • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • 2.4 DEMAND-SIDE METRICS
    • FIGURE 5 MAIN METRICS CONSIDERED FOR ANALYZING DEMAND FOR FUEL CELLS
    • 2.4.1 REGIONAL ANALYSIS
      • 2.4.1.1 Country analysis
    • 2.4.2 DEMAND-SIDE KEY ASSUMPTIONS
    • 2.4.3 DEMAND-SIDE CALCULATION
  • 2.5 SUPPLY-SIDE ANALYSIS
    • FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING THE SUPPLY OF FUEL CELLS
    • FIGURE 7 FUEL CELL MARKET: SUPPLY-SIDE ANALYSIS
    • 2.5.1 CALCULATIONS FOR SUPPLY-SIDE
    • 2.5.2 ASSUMPTIONS FOR SUPPLY-SIDE
    • FIGURE 8 FUEL CELL MARKET: MARKER SHARE ANALYSIS, 2021
  • 2.6 FORECAST

3 EXECUTIVE SUMMARY

    • TABLE 1 FUEL CELL MARKET SNAPSHOT
    • FIGURE 9 ASIA PACIFIC CONTRIBUTED THE LARGEST SHARE TO FUEL CELL MARKET IN 2021
    • FIGURE 10 SOFC SEGMENT EXPECTED TO LEAD FUEL CELL MARKET, BY TYPE, IN 2027
    • FIGURE 11 STATIONARY SEGMENT EXPECTED TO HOLD THE LARGEST SHARE OF THE FUEL CELL MARKET, BY APPLICATION, IN 2027
    • FIGURE 12 TRANSPORTATION SEGMENT EXPECTED TO DOMINATE THE FUEL CELL MARKET, BY END USER, IN 2027
    • FIGURE 13 SMALL SCALE SEGMENT EXPECTED TO HOLD A LARGER SHARE OF THE FUEL CELL MARKET, BY SIZE, IN 2027

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE FUEL CELL MARKET
    • FIGURE 14 INCREASING NEED FOR CLEAN POWER GENERATION TO BOOST MARKET GROWTH BETWEEN 2022 AND 2027
  • 4.2 FUEL CELL MARKET, BY REGION
    • FIGURE 15 ASIA PACIFIC FUEL CELL MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
  • 4.3 ASIA PACIFIC FUEL CELL MARKET, BY END-USER INDUSTRY AND COUNTRY
    • FIGURE 16 THE TRANSPORTATION SECTOR AND CHINA CONTRIBUTED THE LARGEST SHARES TO THE FUEL CELL MARKET IN ASIA PACIFIC IN 2021
  • 4.4 FUEL CELL MARKET, BY TYPE
    • FIGURE 17 SOFC SEGMENT EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE, BY TYPE, IN 2027
  • 4.5 FUEL CELL MARKET, BY APPLICATION
    • FIGURE 18 STATIONARY SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF THE FUEL CELL MARKET, BY APPLICATION, IN 2027
  • 4.6 FUEL CELL MARKET, BY END USER
    • FIGURE 19 TRANSPORTATION SEGMENT TO DOMINATE THE FUEL CELL MARKET, BY END USER, IN 2027
  • 4.7 FUEL CELL MARKET, BY SIZE
    • FIGURE 20 SMALL SCALE SEGMENT TO DOMINATE THE FUEL CELL MARKET, BY SIZE, IN 2027

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 COVID-19 HEALTH ASSESSMENT
    • FIGURE 21 GLOBAL PROPAGATION OF COVID-19
    • FIGURE 22 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES
  • 5.3 COVID-19 ECONOMIC ASSESSMENT
    • FIGURE 23 COMPARISON OF GDP FOR SELECTED G20 COUNTRIES IN 2020
  • 5.4 MARKET DYNAMICS
    • FIGURE 24 FUEL CELL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.4.1 DRIVERS
      • 5.4.1.1 Rise in the demand for fuel cell vehicles
    • FIGURE 25 FUEL CELL ELECTRIC VEHICLES BY MODE AND BY COUNTRY, 2020
      • 5.4.1.2 Advancements in research & development on fuel cells and government rebates
      • 5.4.1.3 Stringent emission norms in Europe and North America leading to demand for clean energy sources
    • FIGURE 26 ENERGY-RELATED CO2 EMISSIONS, 1990-2019 (GT CO2)
      • 5.4.1.4 Faster refueling of FCEVs compared to BEVs
    • 5.4.2 RESTRAINTS
      • 5.4.2.1 High cost of catalysts used in fuel cells
      • 5.4.2.2 Storage issues associated with using hydrogen as fuel
      • 5.4.2.3 High initial investments in hydrogen fueling infrastructure
    • 5.4.3 OPPORTUNITIES
      • 5.4.3.1 Increased efforts to augment hydrogen fueling stations
    • FIGURE 27 HYDROGEN REFUELLING STATIONS IN THE WORLD, 2020
      • 5.4.3.2 Rise in distributed power generation and combined heat & power applications across regions
    • TABLE 2 COMPARISON OF FUEL CELLS AND OTHER DISTRIBUTED POWER GENERATION SOURCES
      • 5.4.3.3 Increased adoption of fuel cells for backup power in data centers
      • 5.4.3.4 Growing investments in space programs and rising utilization of fuel cells in the military
    • 5.4.4 CHALLENGES
      • 5.4.4.1 Water management in proton exchange membrane fuel cells
      • 5.4.4.2 High operating temperatures and start-up time of solid oxide fuel cells
      • 5.4.4.3 High cost of fuel cell vehicles
      • 5.4.4.4 Competition from BEVs and HEVs
  • 5.5 IMPACT OF COVID-19
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
    • FIGURE 28 REVENUE SHIFT FOR FUEL CELL PROVIDERS
  • 5.7 PRICING ANALYSIS
    • 5.7.1 PEMFC BACKUP SYSTEM PRICING ANALYSIS
    • TABLE 3 PEM STACK COMPONENT COST SUMMARY-5 KW & 10 KW BACKUP SYSTEM (USD), 2016
    • TABLE 4 PEM BALANCE OF PLANT (BOP) COST SUMMARY (USD)
    • FIGURE 29 5 KW SYSTEM BOP COST DISTRIBUTION
    • FIGURE 30 10 KW SYSTEM BOP COST DISTRIBUTION
    • 5.7.2 PEMFC AUTOMOTIVE SYSTEM PRICE ANALYSIS
    • TABLE 5 COST SUMMARY FOR A 80 KW FUEL CELL VEHICLE (USD), 2018-2015
    • TABLE 6 COST SUMMARY FOR A 160 KW MEDIUM DUTY FUEL CELL VEHICLE (USD), 2018-2025
  • 5.8 VALUE CHAIN ANALYSIS
    • FIGURE 31 VALUE CHAIN ANALYSIS: FUEL CELL MARKET
    • 5.8.1 COMPONENT MANUFACTURERS
    • 5.8.2 ASSEMBLERS/MANUFACTURERS
    • 5.8.3 DISTRIBUTORS (BUYERS)/END USERS
  • 5.9 TECHNOLOGY ANALYSIS
    • 5.9.1 DIRECT BOROHYDRIDE FUEL CELLS
    • 5.9.2 NANOPARTICLE BASED FUEL CELLS
    • 5.9.3 NON PRECIOUS METAL CATALYST BASED FUEL CELLS
    • 5.9.4 HEXAGONAL PEROVSKITES FOR CERAMIC FUEL CELLS
  • 5.10 TRADE ANALYSIS
    • 5.10.1 EXPORT SCENARIO
    • TABLE 7 EXPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019-2021 (USD)
    • 5.10.2 IMPORT SCENARIO
    • TABLE 8 IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019-2021 (USD)
  • 5.11 KEY CONFERENCES AND EVENTS IN 2022 & 2023
    • TABLE 9 FUEL CELL MARKET: DETAILED LIST OF CONFERENCES & EVENTS
  • 5.12 MARKET MAP
    • FIGURE 32 MARKET MAP: FUEL CELL MARKET
    • TABLE 10 FUEL CELL MARKET: ROLE IN ECOSYSTEM
  • 5.13 PATENT ANALYSIS
    • 5.13.1 LIST OF MAJOR PATENTS
    • TABLE 11 FUEL CELL: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2021-MARCH 2022
  • 5.14 CASE STUDY ANALYSIS
    • 5.14.1 SAMSUNG HEAVY INDUSTRIES PLANS FOR CLEAN POWER SHIPS UNDER A JOINT DEVELOPMENT AGREEMENT WITH BLOOM ENERGY (JUNE 2020)
      • 5.14.1.1 Problem statement
      • 5.14.1.2 Solution
    • 5.14.2 BALLARD POWER SYSTEMS POWER THE WORLD'S FIRST COMMERCIAL FUEL CELL POWERED TRAM LINE (JULY 2019)
      • 5.14.2.1 Problem statement
      • 5.14.2.2 Solution
    • 5.14.3 SOUTHERN COMMUNICATION SERVICES EMPLOYS PLUG POWER HYDROGEN FUEL CELLS FOR UNINTERRUPTED POWER SUPPLY (JULY 2017)
      • 5.14.3.1 Problem statement
      • 5.14.3.2 Solution
    • 5.14.4 IKEA USES FUEL CELLS FOR ON-SITE POWER (JANUARY 2017)
      • 5.14.4.1 Problem statement
      • 5.14.4.2 Solution
  • 5.15 FUEL CELL MARKET: REGULATIONS
    • 5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
    • TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
      • 5.15.1.1 Regulations related to fuel cells
        • 5.15.1.1.1 Regulatory framework in North America
        • 5.15.1.1.2 Regulatory framework in Europe
        • 5.15.1.1.3 Regulatory framework in Asia Pacific
  • 5.16 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 33 PORTER'S FIVE FORCES ANALYSIS FOR THE FUEL CELL MARKET
    • TABLE 15 FUEL CELL MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.16.1 THREAT OF SUBSTITUTES
    • 5.16.2 BARGAINING POWER OF SUPPLIERS
    • 5.16.3 BARGAINING POWER OF BUYERS
    • 5.16.4 THREAT OF NEW ENTRANTS
    • 5.16.5 RIVALRY AMONG EXISTING COMPETITORS
  • 5.17 KEY STAKEHOLDERS & BUYING CRITERIA
    • 5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 34 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS
    • TABLE 16 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP END USERS (%)
    • 5.17.2 BUYING CRITERIA
    • FIGURE 35 KEY BUYING CRITERIA FOR TOP END USERS
    • TABLE 17 KEY BUYING CRITERIA, BY END USER

6 FUEL CELL MARKET, BY TYPE

  • 6.1 INTRODUCTION
    • FIGURE 36 FUEL CELL MARKET: BY TYPE, (VOLUME), 2021
    • TABLE 18 FUEL CELL MARKET: BY TYPE, 2016-2019 (MW)
    • TABLE 19 FUEL CELL MARKET: BY TYPE, 2020-2027 (MW)
    • FIGURE 37 FUEL CELL MARKET: BY TYPE, (VALUE) 2021
    • TABLE 20 FUEL CELL MARKET: BY TYPE, 2016-2019 (USD MILLION)
    • TABLE 21 FUEL CELL MARKET: BY TYPE, 2020-2027 (USD MILLION)
  • 6.2 PROTON EXCHANGE MEMBRANE FUEL CELL (PEMFC)
    • 6.2.1 INCREASING DEMAND FOR PEMFC IN FUEL CELL ELECTRIC VEHICLES (FCEVS) TO DRIVE THE MARKET GROWTH
    • TABLE 22 PROTON EXCHANGE MEMBRANE FUEL CELL MARKET: BY REGION, 2016-2019 (MW)
    • TABLE 23 PROTON EXCHANGE MEMBRANE FUEL CELL MARKET: BY REGION, 2020-2027 (MW)
    • TABLE 24 PROTON EXCHANGE MEMBRANE FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 25 PROTON EXCHANGE MEMBRANE FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 6.3 SOLID OXIDE FUEL CELL (SOFC)
    • 6.3.1 FUEL FLEXIBILITY AND INCREASING DEMAND FOR ENERGY-EFFICIENT POWER GENERATION TO BOOST THE SOFC MARKET GROWTH
    • TABLE 26 SOLID OXIDE FUEL CELL MARKET: BY REGION, 2016-2019 (MW)
    • TABLE 27 SOLID OXIDE FUEL CELL MARKET: BY REGION, 2020-2027 (MW)
    • TABLE 28 SOLID OXIDE FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 29 SOLID OXIDE FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 6.4 PHOSPHORIC ACID FUEL CELL (PAFC)
    • 6.4.1 ADOPTION OF PAFCS IN STATIONARY APPLICATIONS TO DRIVE THE MARKET GROWTH
    • TABLE 30 PHOSPHORIC ACID FUEL CELL MARKET: BY REGION, 2016-2019 (KW)
    • TABLE 31 PHOSPHORIC ACID FUEL CELL MARKET: BY REGION, 2020-2027 (KW)
    • TABLE 32 PHOSPHORIC ACID FUEL CELL MARKET: BY REGION, 2016-2019 (USD THOUSAND)
    • TABLE 33 PHOSPHORIC ACID FUEL CELL MARKET: BY REGION, 2020-2027 (USD THOUSAND)
  • 6.5 ALKALINE FUEL CELL(AFC)
    • 6.5.1 HIGH ADOPTION OF AFCS IN TRANSPORT AND AEROSPACE APPLICATIONS TO ACCELERATE THE MARKET GROWTH
    • TABLE 34 ALKALINE FUEL CELL MARKET: BY REGION, 2016-2019 (KW)
    • TABLE 35 ALKALINE FUEL CELL MARKET: BY REGION, 2020-2027 (KW)
    • TABLE 36 ALKALINE FUEL CELL MARKET: BY REGION, 2016-2019 (USD THOUSAND)
    • TABLE 37 ALKALINE FUEL CELL MARKET: BY REGION, 2020-2027 (USD THOUSAND)
  • 6.6 MICROBIAL FUEL CELL(MFC)
    • 6.6.1 INCREASED USE OF MICROBES IN FUEL CELL OPERATIONS IN WATER AND WASTEWATER TREATMENT INDUSTRIES TO STIMULATE GROWTH OF THE MFC SEGMENT
    • TABLE 38 MICROBIAL FUEL CELL MARKET: BY REGION, 2019-2027 (KW)
    • TABLE 39 MICROBIAL FUEL CELL MARKET: BY REGION, 2019-2027 (USD THOUSAND)
  • 6.7 DIRECT METHANOL FUEL CELL (DMFC)
    • 6.7.1 ADOPTION OF MCFCS IN LARGE STATIONARY APPLICATIONS TO DRIVE THE MARKET GROWTH
    • TABLE 40 DMFC MARKET: BY REGION, 2016-2019 (KW)
    • TABLE 41 DMFC MARKET: BY REGION, 2020-2027 (KW)
    • TABLE 42 DMFC MARKET: BY REGION, 2016-2019 (USD THOUSAND)
    • TABLE 43 DMFC MARKET: BY REGION, 2020-2027 (USD THOUSAND)
  • 6.8 OTHER TYPES OF FUEL CELLS
    • 6.8.1 MOLTEN CARBONATE FUEL CELL (MCFC)
    • 6.8.2 ANION EXCHANGE MEMBRANE FUEL CELL (AEMFC)

7 FUEL CELL MARKET, BY APPLICATION

  • 7.1 INTRODUCTION
    • FIGURE 38 FUEL CELL MARKET, BY APPLICATION, 2021
    • TABLE 44 FUEL CELL MARKET: BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 45 FUEL CELL MARKET: BY APPLICATION, 2020-2027 (USD MILLION)
  • 7.2 PORTABLE 113 7.2.1 ADOPTION OF PORTABLE FUEL CELLS IN THE MILITARY AND DEFENSE SECTORS FOR LIGHTWEIGHT AXULLIARY POWER UNITS TO BOOST THE GROWTH OF THE SEGMENT
    • TABLE 46 PORTABLE FUEL CELL MARKET: BY REGION, 2016-2019 (USD THOUSAND)
    • TABLE 47 PORTABLE FUEL CELL MARKET: BY REGION, 2020-2027 (USD THOUSAND)
  • 7.3 STATIONARY
    • 7.3.1 INCREASING ADOPTION OF SOLID OXIDE FUEL CELLS IN THE STATIONARY APPLICATIONS TO BOOST MARKET GROWTH
    • TABLE 48 STATIONARY FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 49 STATIONARY FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
    • TABLE 50 STATIONARY FUEL CELL MARKET: BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 51 STATIONARY FUEL CELL MARKET: BY APPLICATION, 2020-2027 (USD MILLION)
    • 7.3.2 PRIMARY
      • 7.3.2.1 Increasing utilization of fuel cells in North American utilities expected to fuel the growth of the primary segment
    • TABLE 52 PRIMARY APPLICATION FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 53 PRIMARY APPLICATION FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
    • 7.3.3 BACK-UP
      • 7.3.3.1 Adoption of fuel cells for back-up power generation in data centers during grid outages to boost the market growth
    • TABLE 54 BACK-UP APPLICATION FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 55 BACK-UP APPLICATION FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
    • 7.3.4 COMBINED HEAT & POWER (CHP)
      • 7.3.4.1 Adoption of residential combined heat & power fuel cell units in Europe and Japan expected to drive the growth of the segment
    • TABLE 56 COMBINED HEAT & POWER APPLICATION FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 57 COMBINED HEAT & POWER APPLICATION FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 7.4 FUEL CELL VEHICLES
    • 7.4.1 DECARBONIZING THE TRANSPORTATION SECTOR TO DRIVE MARKET GROWTH
    • TABLE 58 FUEL CELL VEHICLES MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 59 FUEL CELL VEHICLES MARKET: BY REGION, 2020-2027 (USD MILLION)
    • TABLE 60 FUEL CELL VEHICLES MARKET: BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 61 FUEL CELL VEHICLES MARKET: BY APPLICATION, 2020-2027 (USD MILLION)
    • 7.4.2 PASSENGER LIGHT DUTY FUEL CELL VEHICLES
      • 7.4.2.1 Increased demand of personal mobility and stringent regulations on emissions to drive the segment growth
    • TABLE 62 PASSENGER LIGHT DUTY FUEL CELL VEHICLES MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 63 PASSENGER LIGHT DUTY FUEL CELL VEHICLES: BY REGION, 2020-2027 (USD MILLION)
    • 7.4.3 FUEL CELL BUSES
      • 7.4.3.1 Increasing adoption of fuel cell buses for public transport in China to increase the growth of the segment
    • TABLE 64 FUEL CELL BUSES MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 65 FUEL CELL BUSES MARKET: BY REGION, 2020-2027 (USD MILLION)
    • 7.4.4 FUEL CELL TRUCKS
      • 7.4.4.1 Adoption of fuel cell trucks for long-range transportation to drive the segment
    • TABLE 66 FUEL CELL TRUCKS MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 67 FUEL CELL TRUCKS MARKET: BY REGION, 2020-2027 (USD MILLION)
    • 7.4.5 OTHERS
      • 7.4.5.1 Increasing focus on developing fuel cells for marine applications to drive the growth of the segment
    • TABLE 68 OTHER FUEL CELL VEHICLES MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 69 OTHER FUEL CELL VEHICLES MARKET: BY REGION, 2020-2027 (USD MILLION)

8 FUEL CELL MARKET, BY END USER

  • 8.1 INTRODUCTION
    • FIGURE 39 FUEL CELL MARKET: BY END USER, 2021
    • TABLE 70 FUEL CELL MARKET: BY END USER, 2016-2019 (USD MILLION)
    • TABLE 71 FUEL CELL MARKET BY END USER, 2020-2027 (USD MILLION)
  • 8.2 RESIDENTIAL
    • 8.2.1 RISING NEED FOR ENERGY REDUCTION AND ENERGY EFFICIENCY IN RESIDENTIAL AREAS IS EXPECTED TO DRIVE THE GROWTH OF THE RESIDENTIAL SEGMENT
    • TABLE 72 RESIDENTIAL FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 73 RESIDENTIAL FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 8.3 COMMERCIAL & INDUSTRIAL
    • 8.3.1 DECARBONIZING GOALS AND STRINGENT LAWS BY REGIONAL AUTHORITIES TO DRIVE MARKET GROWTH
    • TABLE 74 COMMERCIAL & INDUSTRIAL FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 75 COMMERCIAL & INDUSTRIAL FUEL CELL, BY REGION, 2020-2027 (USD MILLION)
  • 8.4 TRANSPORTATION
    • 8.4.1 PORTABLE SOLUTIONS ARE WELL SUITED FOR MILITARY & ORGANIZATIONS
    • TABLE 76 TRANSPORTATION FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 77 TRANSPORTATION FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 8.5 DATA CENTERS
    • 8.5.1 GROWING REQUIREMENT FOR BACKUP POWER IN DATA CENTERS DURING OUTAGES EXPECTED TO FUEL THE GROWTH OF THE DATA CENTERS SEGMENT
    • TABLE 78 DATA CENTERS FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 79 DATA CENTERS: FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 8.6 MILITARY & DEFENSE
    • 8.6.1 PORTABLE SOLUTIONS ARE WELL SUITED FOR MILITARY & ORGANIZATIONS WHICH DRIVES THE MARKET GROWTH
    • TABLE 80 MILITARY & DEFENSE FUEL CELL MARKET: BY REGION, 2016-2019 (USD MILLION)
    • TABLE 81 MILITARY & DEFENSE FUEL CELL MARKET: BY REGION, 2020-2027 (USD MILLION)
  • 8.7 UTILITIES & GOVERNMENT/MUNICIPAL INSTITUTES
    • 8.7.1 STRINGENT LAWS BY REGIONAL AUTHORITIES AND DECARBONIZING GOALS TO DRIVE MARKET GROWTH
    • TABLE 82 UTILITIES & GOVERNMENT/MUNICIPAL INSTITUTES FUEL CELL MARKET: BY REGION, 2016-2019 (USD THOUSAND)
    • TABLE 83 UTILITIES & GOVERNMENT/MUNICIPAL INSTITUTES FUEL CELL MARKET: BY REGION, 2020-2027 (USD THOUSAND)

9 FUEL CELL MARKET, BY SIZE

  • 9.1 INTRODUCTION
    • FIGURE 40 FUEL CELL MARKET, BY SIZE, 2021
    • TABLE 84 FUEL CELL MARKET: BY SIZE, 2020-2027 (USD MILLION)
  • 9.2 SMALL SCALE (UP TO 200 KW)
    • 9.2.1 DIVERSE POWER OUTPUT MAKES SMALL SCALE CELLS SUITABLE FOR ALL TYPES OF END USERS
    • TABLE 85 SMALL SCALE: FUEL CELL MARKET, BY REGION, 2020-2027 (USD MILLION)
  • 9.3 LARGE SCALE (ABOVE 200 KW)
    • 9.3.1 ROBUST ENERGY & CLIMATE POLICIES AND THE PRESENCE OF DIVERSE END USERS ARE THE POTENTIAL DRIVERS FOR THE MARKET
    • TABLE 86 LARGE SCALE: FUEL CELL MARKET: BY REGION, 2020-2027 (USD THOUSAND)

10 GEOGRAPHIC ANALYSIS

  • 10.1 INTRODUCTION
    • FIGURE 41 REGIONAL SNAPSHOT: ASIA PACIFIC IS EXPECTED TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD
    • FIGURE 42 FUEL CELL MARKET, BY REGION, 2021
    • TABLE 87 FUEL CELL MARKET, BY REGION, 2016-2019 (MW)
    • TABLE 88 FUEL CELL MARKET, BY REGION, 2020-2027 (MW)
    • TABLE 89 FUEL CELL MARKET, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 90 FUEL CELL MARKET, BY REGION, 2020-2027 (USD MILLION)
  • 10.2 NORTH AMERICA
    • FIGURE 43 SNAPSHOT: FUEL CELL MARKET IN NORTH AMERICA, 2021-2027
    • 10.2.1 BY TYPE
    • TABLE 91 FUEL CELL MARKET IN NORTH AMERICA, BY TYPE, 2016-2019 (MW)
    • TABLE 92 FUEL CELL MARKET IN NORTH AMERICA, BY TYPE, 2020-2027 (MW)
    • TABLE 93 FUEL CELL MARKET IN NORTH AMERICA, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 94 FUEL CELL MARKET IN NORTH AMERICA, BY TYPE, 2020-2027 (USD THOUSAND)
    • 10.2.2 BY APPLICATION
    • TABLE 95 FUEL CELL MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 96 FUEL CELL MARKET IN NORTH AMERICA, BY APPLICATION, 2020-2027 (USD MILLION)
    • TABLE 97 FUEL CELL MARKET IN NORTH AMERICA, BY STATIONARY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 98 FUEL CELL MARKET IN NORTH AMERICA, BY STATIONARY APPLICATION, 2020-2027 (USD MILLION)
    • TABLE 99 FUEL CELL MARKET IN NORTH AMERICA, BY FUEL CELL VEHICLES APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 100 FUEL CELL MARKET IN NORTH AMERICA, BY FUEL CELL VEHICLES APPLICATION, 2020-2027 (USD MILLION)
    • 10.2.3 BY END USER
    • TABLE 101 FUEL CELL MARKET IN NORTH AMERICA, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 102 FUEL CELL MARKET IN NORTH AMERICA, BY END USER, 2020-2027 (USD MILLION)
    • 10.2.4 BY SIZE
    • TABLE 103 FUEL CELL MARKET IN NORTH AMERICA, BY SIZE, 2020-2027 (USD MILLION)
    • 10.2.5 BY COUNTRY
    • TABLE 104 FUEL CELL MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2019 (MW)
    • TABLE 105 FUEL CELL MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2027 (MW)
    • TABLE 106 FUEL CELL MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 107 FUEL CELL MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2027 (USD MILLION)
      • 10.2.5.1 US
        • 10.2.5.1.1 State-level incentives for fuel cell programs to accelerate the regional market
    • TABLE 108 FUEL CELL MARKET IN US, BY TYPE, 2016-2019 (MW)
    • TABLE 109 FUEL CELL MARKET IN US, BY TYPE, 2020-2027 (MW)
    • TABLE 110 FUEL CELL MARKET IN US, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 111 FUEL CELL MARKET IN US, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 112 FUEL CELL MARKET IN US, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 113 FUEL CELL MARKET IN US, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 114 FUEL CELL MARKET IN US, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 115 FUEL CELL MARKET IN US, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 116 FUEL CELL MARKET IN US, BY APPLICATION, 2020-2027 (USD MILLION)
      • 10.2.5.2 Canada
        • 10.2.5.2.1 Grants from the government for fuel cell program to boost the market growth
    • TABLE 117 FUEL CELL MARKET IN CANADA, BY TYPE, 2016-2019 (KW)
    • TABLE 118 FUEL CELL MARKET IN CANADA, BY TYPE, 2020-2027 (KW)
    • TABLE 119 FUEL CELL MARKET IN CANADA, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 120 FUEL CELL MARKET IN CANADA, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 121 FUEL CELL MARKET IN CANADA, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 122 FUEL CELL MARKET IN CANADA, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 123 FUEL CELL MARKET IN CANADA, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 124 FUEL CELL MARKET IN CANADA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 125 FUEL CELL MARKET IN CANADA, BY APPLICATION, 2020-2027 (USD MILLION)
  • 10.3 ASIA PACIFIC
    • FIGURE 44 SNAPSHOT: FUEL CELL MARKET IN ASIA PACIFIC, 2021-2027
    • 10.3.1 BY TYPE
    • TABLE 126 FUEL CELL MARKET IN ASIA PACIFIC, BY TYPE, 2016-2019 (MW)
    • TABLE 127 FUEL CELL MARKET IN ASIA PACIFIC, BY TYPE, 2020-2027 (MW)
    • TABLE 128 FUEL CELL MARKET IN ASIA PACIFIC, BY TYPE, 2016-2019 (USD MILLION)
    • TABLE 129 FUEL CELL MARKET IN ASIA PACIFIC, BY TYPE, 2020-2027 (USD MILLION)
    • 10.3.2 BY APPLICATION
    • TABLE 130 FUEL CELL MARKET IN ASIA PACIFIC, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 131 FUEL CELL MARKET IN ASIA PACIFIC, BY APPLICATION, 2020-2027 (USD MILLION)
    • TABLE 132 FUEL CELL MARKET IN ASIA PACIFIC, BY STATIONARY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 133 FUEL CELL MARKET IN ASIA PACIFIC, BY STATIONARY APPLICATION, 2020-2027 (USD MILLION)
    • TABLE 134 FUEL CELL MARKET IN ASIA PACIFIC, BY FUEL CELL VEHICLES APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 135 FUEL CELL MARKET IN ASIA PACIFIC, BY FUEL CELL VEHICLES APPLICATION, 2020-2027 (USD MILLION)
    • 10.3.3 BY END USER
    • TABLE 136 FUEL CELL MARKET IN ASIA PACIFIC, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 137 FUEL CELL MARKET IN ASIA PACIFIC, BY END USER, 2020-2027 (USD MILLION)
    • 10.3.4 BY SIZE
    • TABLE 138 FUEL CELL MARKET IN ASIA PACIFIC, BY SIZE, 2020-2027 (USD MILLION)
    • 10.3.5 BY COUNTRY
    • TABLE 139 FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY, 2016-2019 (MW)
    • TABLE 140 FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY, 2020-2027 (MW)
    • TABLE 141 FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 142 FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY, 2020-2027 (USD MILLION)
      • 10.3.5.1 China
        • 10.3.5.1.1 Increasing investments in fuel cell based public transport to boost the demand for fuel cell
    • TABLE 143 FUEL CELL MARKET IN CHINA, BY TYPE, 2016-2019 (MW)
    • TABLE 144 FUEL CELL MARKET IN CHINA, BY TYPE, 2020-2027 (MW)
    • TABLE 145 FUEL CELL MARKET IN CHINA, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 146 FUEL CELL MARKET IN CHINA, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 147 FUEL CELL MARKET IN CHINA, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 148 FUEL CELL MARKET IN CHINA, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 149 FUEL CELL MARKET IN CHINA, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 150 FUEL CELL MARKET IN CHINA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 151 FUEL CELL MARKET IN CHINA, BY APPLICATION, 2020-2027 (USD MILLION)
      • 10.3.5.2 Japan
        • 10.3.5.2.1 Rise in demand for fuel cells in the residential sector to boost the market growth
    • TABLE 152 FUEL CELL MARKET IN JAPAN, BY TYPE, 2016-2019 (KW)
    • TABLE 153 FUEL CELL MARKET IN JAPAN, BY TYPE, 2020-2027 (KW)
    • TABLE 154 FUEL CELL MARKET IN JAPAN, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 155 FUEL CELL MARKET IN JAPAN, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 156 FUEL CELL MARKET IN JAPAN, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 157 FUEL CELL MARKET IN JAPAN, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 158 FUEL CELL MARKET IN JAPAN, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 159 FUEL CELL MARKET IN JAPAN, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 160 FUEL CELL MARKET IN JAPAN, BY APPLICATION, 2020-2027 (USD MILLION)
      • 10.3.5.3 South Korea
        • 10.3.5.3.1 Mandates to decarbonize the energy sector expected to increase the demand for fuel cells
    • TABLE 161 FUEL CELL MARKET IN SOUTH KOREA, BY TYPE, 2016-2019 (KW)
    • TABLE 162 FUEL CELL MARKET IN SOUTH KOREA, BY TYPE, 2020-2027 (KW)
    • TABLE 163 FUEL CELL MARKET IN SOUTH KOREA, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 164 FUEL CELL MARKET IN SOUTH KOREA, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 165 FUEL CELL MARKET IN SOUTH KOREA, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 166 FUEL CELL MARKET IN SOUTH KOREA, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 167 FUEL CELL MARKET IN SOUTH KOREA, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 168 FUEL CELL MARKET IN SOUTH KOREA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 169 FUEL CELL MARKET IN SOUTH KOREA, BY APPLICATION, 2020-2027 (USD MILLION)
      • 10.3.5.4 Rest of Asia Pacific
    • TABLE 170 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY TYPE, 2016-2019 (KW)
    • TABLE 171 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY TYPE, 2020-2027 (KW)
    • TABLE 172 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 173 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 174 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 175 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 176 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 177 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 178 FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2020-2027 (USD MILLION)
  • 10.4 EUROPE
    • 10.4.1 BY TYPE
    • TABLE 179 FUEL CELL MARKET IN EUROPE, BY TYPE, 2016-2019 (KW)
    • TABLE 180 FUEL CELL MARKET IN EUROPE, BY TYPE, 2020-2027 (KW)
    • TABLE 181 FUEL CELL MARKET IN EUROPE, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 182 FUEL CELL MARKET IN EUROPE, BY TYPE, 2020-2027 (USD THOUSAND)
    • 10.4.2 BY APPLICATION
    • TABLE 183 FUEL CELL MARKET IN EUROPE, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 184 FUEL CELL MARKET IN EUROPE, BY APPLICATION, 2020-2027 (USD MILLION)
    • TABLE 185 FUEL CELL MARKET IN EUROPE, BY STATIONARY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 186 FUEL CELL MARKET IN EUROPE, BY STATIONARY APPLICATION, 2020-2027 (USD MILLION)
    • TABLE 187 FUEL CELL MARKET IN EUROPE, BY FUEL CELL VEHICLES APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 188 FUEL CELL MARKET IN EUROPE, BY FUEL CELL VEHICLES APPLICATION, 2020-2027 (USD MILLION)
    • 10.4.3 BY END USER
    • TABLE 189 FUEL CELL MARKET IN EUROPE, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 190 FUEL CELL MARKET IN EUROPE, BY END USER, 2020-2027 (USD MILLION)
    • 10.4.4 BY SIZE
    • TABLE 191 FUEL CELL MARKET IN EUROPE, BY SIZE, 2020-2027 (USD MILLION)
    • 10.4.5 BY COUNTRY
    • TABLE 192 FUEL CELL MARKET IN EUROPE, BY COUNTRY, 2016-2019 (MW)
    • TABLE 193 FUEL CELL MARKET IN EUROPE, BY COUNTRY, 2020-2027 (MW)
    • TABLE 194 FUEL CELL MARKET IN EUROPE, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 195 FUEL CELL MARKET IN EUROPE, BY COUNTRY, 2020-2027 (USD MILLION)
      • 10.4.5.1 Germany
        • 10.4.5.1.1 Focus on emission-free transportation to drive the market growth
    • TABLE 196 FUEL CELL MARKET IN GERMANY, BY TYPE, 2016-2019 (KW)
    • TABLE 197 FUEL CELL MARKET IN GERMANY, BY TYPE, 2020-2027 (KW)
    • TABLE 198 FUEL CELL MARKET IN GERMANY, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 199 FUEL CELL MARKET IN GERMANY, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 200 FUEL CELL MARKET IN GERMANY, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 201 FUEL CELL MARKET IN GERMANY, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 202 FUEL CELL MARKET IN GERMANY, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 203 FUEL CELL MARKET IN GERMANY, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 204 FUEL CELL MARKET IN GERMANY, BY APPLICATION, 2020-2027 (USD MILLION)
      • 10.4.5.2 UK
        • 10.4.5.2.1 Adoption of fuel cell technologies to help the UK to reduce GHG emissions
    • TABLE 205 FUEL CELL MARKET IN UK, BY TYPE, 2016-2019 (KW)
    • TABLE 206 FUEL CELL MARKET IN UK, BY TYPE, 2020-2027 (KW)
    • TABLE 207 FUEL CELL MARKET IN UK, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 208 FUEL CELL MARKET IN UK, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 209 FUEL CELL MARKET IN UK, BY SIZE, 2020-2027 (USD MILLION)
    • TABLE 210 FUEL CELL MARKET IN UK, BY END USER, 2016-2019 (USD MILLION)
    • TABLE 211 FUEL CELL MARKET IN UK, BY END USER, 2020-2027 (USD MILLION)
    • TABLE 212 FUEL CELL MARKET IN UK, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 213 FUEL CELL MARKET IN UK, BY APPLICATION, 2020-2027 (USD MILLION)
    • 10.4.6 ITALY
      • 10.4.6.1 Increased focus on energy transition to drive the growth of the fuel cell market in Italy
    • TABLE 214 FUEL CELL MARKET IN ITALY, BY TYPE, 2016-2019 (KW)
    • TABLE 215 FUEL CELL MARKET IN ITALY, BY TYPE, 2020-2027 (KW)
    • TABLE 216 FUEL CELL MARKET IN ITALY, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 217 FUEL CELL MARKET IN ITALY, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 218 FUEL CELL MARKET IN ITALY, BY SIZE, 2020-2027 (USD THOUSAND)
    • TABLE 219 FUEL CELL MARKET IN ITALY, BY END USER, 2016-2019 (USD THOUSAND)
    • TABLE 220 FUEL CELL MARKET IN ITALY, BY END USER, 2020-2027 (USD THOUSAND)
    • TABLE 221 FUEL CELL MARKET IN ITALY, BY APPLICATION, 2016-2019 (USD THOUSAND)
    • TABLE 222 FUEL CELL MARKET IN ITALY, BY APPLICATION, 2020-2027 (USD THOUSAND)
      • 10.4.6.2 Rest of Europe
    • TABLE 223 FUEL CELL MARKET IN REST OF EUROPE, BY TYPE, 2016-2019 (KW)
    • TABLE 224 FUEL CELL MARKET IN REST OF EUROPE, BY TYPE, 2020-2027 (KW)
    • TABLE 225 FUEL CELL MARKET IN REST OF EUROPE, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 226 FUEL CELL MARKET IN REST OF EUROPE, BY TYPE, 2020-2027 (USD THOUSAND)
    • TABLE 227 FUEL CELL MARKET IN REST OF EUROPE, BY SIZE, 2020-2027 (USD THOUSAND)
    • TABLE 228 FUEL CELL MARKET IN REST OF EUROPE, BY END USER, 2016-2019 (USD THOUSAND)
    • TABLE 229 FUEL CELL MARKET IN REST OF EUROPE, BY END USER, 2020-2027 (USD THOUSAND)
    • TABLE 230 FUEL CELL MARKET IN REST OF EUROPE, BY APPLICATION, 2016-2019 (USD THOUSAND)
    • TABLE 231 FUEL CELL MARKET IN REST OF EUROPE, BY APPLICATION, 2020-2027 (USD THOUSAND)
  • 10.5 REST OF THE WORLD
    • 10.5.1 BY TYPE
    • TABLE 232 FUEL CELL MARKET IN REST OF THE WORLD, BY TYPE, 2016-2019 (KW)
    • TABLE 233 FUEL CELL MARKET IN REST OF THE WORLD, BY TYPE, 2020-2027 (KW)
    • TABLE 234 FUEL CELL MARKET IN REST OF THE WORLD, BY TYPE, 2016-2019 (USD THOUSAND)
    • TABLE 235 FUEL CELL MARKET IN REST OF THE WORLD, BY TYPE, 2020-2027 (USD THOUSAND)
    • 10.5.2 BY APPLICATION
    • TABLE 236 FUEL CELL MARKET IN REST OF THE WORLD, BY APPLICATION, 2016-2019 (USD THOUSAND)
    • TABLE 237 FUEL CELL MARKET IN REST OF THE WORLD, BY APPLICATION, 2020-2027 (USD THOUSAND)
    • TABLE 238 FUEL CELL MARKET IN REST OF THE WORLD, BY STATIONARY APPLICATION, 2016-2019 (USD THOUSAND)
    • TABLE 239 FUEL CELL MARKET IN REST OF THE WORLD, BY STATIONARY APPLICATION, 2020-2027 (USD THOUSAND)
    • TABLE 240 FUEL CELL MARKET IN REST OF THE WORLD, BY FUEL CELL VEHICLES APPLICATION, 2016-2019 (USD THOUSAND)
    • TABLE 241 FUEL CELL MARKET IN REST OF THE WORLD, BY FUEL CELL VEHICLES APPLICATION, 2020-2027 (USD THOUSAND)
    • 10.5.3 BY END USER
    • TABLE 242 FUEL CELL MARKET IN REST OF THE WORLD, BY END USER, 2016-2019 (USD THOUSAND)
    • TABLE 243 FUEL CELL MARKET IN REST OF THE WORLD, BY END USER, 2020-2027 (USD THOUSAND)
    • 10.5.4 BY SIZE
    • TABLE 244 FUEL CELL MARKET IN REST OF THE WORLD, BY SIZE, 2020-2027 (USD THOUSAND)

11 COMPETITIVE LANDSCAPE

  • 11.1 KEY PLAYERS STRATEGIES
    • TABLE 245 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, JANUARY 2017- FEBRURAY 2022
  • 11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021
    • TABLE 246 FUEL CELL MARKET: DEGREE OF COMPETITION, 2O21
    • FIGURE 45 FUEL CELL MARKET SHARE ANALYSIS, 2021
  • 11.3 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2016-2021
    • FIGURE 46 SEGMENTAL REVENUE ANALYSIS OF TOP PLAYERS IN THE FUEL CELL MARKET FROM 2016 TO 2021
  • 11.4 COMPANY EVALUATION QUADRANT, 2021
    • 11.4.1 STAR
    • 11.4.2 PERVASIVE
    • 11.4.3 EMERGING LEADER
    • 11.4.4 PARTICIPANT
    • FIGURE 47 COMPETITIVE LEADERSHIP MAPPING: FUEL CELL MARKET, 2021
  • 11.5 FUEL CELL: COMPANY FOOTPRINT
    • TABLE 247 BY END USER: COMPANY FOOTPRINT
    • TABLE 248 BY REGION: COMPANY FOOTPRINT
    • TABLE 249 BY TYPE: COMPANY FOOTPRINT
    • TABLE 250 BY APPLICATION: COMPANY FOOTPRINT
    • TABLE 251 BY SIZE: COMPANY FOOTPRINT
    • TABLE 252 COMPANY FOOTPRINT
  • 11.6 COMPETITIVE SCENARIO
    • TABLE 253 FUEL CELL MARKET: PRODUCT LAUNCHES, JANUARY 2017- FEBRUARY 2022
    • TABLE 254 FUEL CELL: DEALS, JANURAY 2017- FEBRUARY 2022
    • TABLE 255 FUEL CELL: OTHERS, JANURAY 2017 - FEBRURAY 2022
  • 11.7 START-UP/SME EVALUATION QUADRANT, 2021
    • 11.7.1 PROGRESSIVE COMPANY
    • 11.7.2 RESPONSIVE COMPANY
    • 11.7.3 DYNAMIC COMPANY
    • 11.7.4 STARTING BLOCK
    • FIGURE 48 FUEL CELL MARKET: START-UP/SME EVALUATION QUADRANT, 2021
  • 11.8 COMPETITIVE BENCHMARKING
    • TABLE 256 FUEL CELL MARKET: DETAILED LIST OF KEY STARTUP/SMES
    • TABLE 257 FUEL CELL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]

12 COMPANY PROFILES

  • (Business Overview and Financial Review, Products Offered, Recent Developments, and MnM View)**
  • 12.1 KEY PLAYERS
    • 12.1.1 BLOOM ENERGY
    • TABLE 258 BLOOM ENERGY: BUSINESS OVERVIEW
    • FIGURE 49 BLOOM ENERGY: COMPANY SNAPSHOT, 2021
    • TABLE 259 BLOOM ENERGY: PRODUCTS OFFERED
    • TABLE 260 BLOOM ENERGY: PRODUCT LAUNCHES
    • TABLE 261 BLOOM ENERGY: DEALS
    • TABLE 262 BLOOM ENERGY: OTHERS
    • 12.1.2 DOOSAN FUEL CELL CO., LTD.
    • TABLE 263 DOOSAN FUEL CELL CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 50 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT, 2021
    • TABLE 264 DOOSAN FUEL CELL CO., LTD.: PRODUCTS OFFERED
    • TABLE 265 DOOSAN FUEL CELL CO., LTD.: DEALS
    • TABLE 266 DOOSAN FUEL CELL CO., LTD.: OTHERS
    • 12.1.3 AISIN CORPORATION
    • TABLE 267 AISIN CORPORATION: BUSINESS OVERVIEW
    • FIGURE 51 AISIN CORPORATION: COMPANY SNAPSHOT, 2020
    • TABLE 268 AISIN CORPORATION: PRODUCTS OFFERED
    • TABLE 269 AISIN CORPORATION: DEALS
    • 12.1.4 PLUG POWER INC.
    • TABLE 270 PLUG POWER INC.: BUSINESS OVERVIEW
    • FIGURE 52 PLUG POWER INC.: COMPANY SNAPSHOT, 2021
    • TABLE 271 PLUG POWER INC.: PRODUCTS OFFERED
    • TABLE 272 PLUG POWER INC.: PRODUCT LAUNCHES
    • TABLE 273 PLUG POWER INC.: DEALS
    • TABLE 274 PLUG POWER INC.: OTHERS
    • 12.1.5 KYOCERA CORPORATION
    • TABLE 275 KYOCERA CORPORATION: BUSINESS OVERVIEW
    • FIGURE 53 KYOCERA CORPORATION: COMPANY SNAPSHOT, 2020
    • TABLE 276 KYOCERA CORPORATION: PRODUCTS OFFERED
    • TABLE 277 KYOCERA CORPORATION: PRODUCT LAUNCHES
    • 12.1.6 CERES
    • TABLE 278 CERES: BUSINESS OVERVIEW
    • FIGURE 54 CERES: COMPANY SNAPSHOT, 2021
    • TABLE 279 CERES: PRODUCTS OFFERED
    • TABLE 280 CERES: DEALS
    • TABLE 281 CERES: OTHERS
    • 12.1.7 CUMMINS INC.
    • TABLE 282 CUMMINS INC.: BUSINESS OVERVIEW
    • FIGURE 55 CUMMINS INC.: COMPANY SNAPSHOT, 2021
    • TABLE 283 CUMMINS INC.: PRODUCTS OFFERED
    • TABLE 284 CUMMINS INC.: DEALS
    • TABLE 285 CUMMINS INC.: OTHERS
    • 12.1.8 POWERCELL SWEDEN AB
    • TABLE 286 POWERCELL SWEDEN AB: BUSINESS OVERVIEW
    • FIGURE 56 POWERCELL SWEDEN AB: COMPANY SNAPSHOT, 2021
    • TABLE 287 POWERCELL SWEDEN AB: PRODUCTS OFFERED
    • TABLE 288 POWERCELL SWEDEN AB: PRODUCT LAUNCHES
    • TABLE 289 POWERCELL SWEDEN AB: DEALS
    • TABLE 290 POWERCELL SWEDEN AB.: OTHERS
    • 12.1.9 TOSHIBA CORPORATION
    • TABLE 291 TOSHIBA CORPORATION: BUSINESS OVERVIEW
    • FIGURE 57 TOSHIBA CORPORATION: COMPANY SNAPSHOT, 2020
    • TABLE 292 TOSHIBA CORPORATION: PRODUCTS OFFERED
    • TABLE 293 TOSHIBA CORPORATION: DEALS
    • 12.1.10 BALLARD POWER SYSTEMS
    • TABLE 294 BALLARD POWER SYSTEMS: BUSINESS OVERVIEW
    • FIGURE 58 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT, 2021
    • TABLE 295 BALLARD POWER SYSTEMS: PRODUCTS OFFERED
    • TABLE 296 BALLARD POWER SYSTEMS: PRODUCT LAUNCHES
    • TABLE 297 BALLARD POWER SYSTEMS: DEALS
    • TABLE 298 BALLARD POWER SYSTEMS: OTHERS
    • 12.1.11 SFC ENERGY AG
    • TABLE 299 SFC ENERGY AG: BUSINESS OVERVIEW
    • FIGURE 59 SFC ENERGY AG: COMPANY SNAPSHOT, 2021
    • TABLE 300 SFC ENERGY: PRODUCTS OFFERED
    • TABLE 301 SFC ENERGY AG: PRODUCT LAUNCHES
    • TABLE 302 SFC ENERGY AG: DEALS
    • 12.1.12 MITSUBISHI HEAVY INDUSTRIES, LTD.
    • TABLE 303 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
    • FIGURE 60 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT, 2020
    • TABLE 304 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
    • TABLE 305 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
    • 12.1.13 AFC ENERGY PLC
    • TABLE 306 AFC ENERGY PLC: BUSINESS OVERVIEW
    • FIGURE 61 AFC ENERGY PLC: COMPANY SNAPSHOT, 2021
    • TABLE 307 AFC ENERGY PLC: PRODUCTS OFFERED
    • TABLE 308 AFC ENERGY PLC: DEALS
    • TABLE 309 AFC ENERGY PLC: OTHERS
    • 12.1.14 ELRINGKLINGER AG
    • TABLE 310 ELRINGKLINGER AG: BUSINESS OVERVIEW
    • FIGURE 62 ELRINGKLINGER AG: COMPANY SNAPSHOT, 2021
    • TABLE 311 ELRINGKLINGER AG: PRODUCTS OFFERED
    • TABLE 312 ELRINGKLINGER AG: DEALS
    • 12.1.15 FUJI ELECTRIC CO., LTD.
    • TABLE 313 FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 63 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT, 2020
    • TABLE 314 FUJI ELECTRIC CO., LTD.: PRODUCTS OFFERED
    • 12.1.16 PROTON MOTOR POWER SYSTEMS PLC
    • TABLE 315 PROTON MOTOR POWER SYSTEMS PLC: BUSINESS OVERVIEW
    • FIGURE 64 PROTON MOTOR POWER SYSTEMS PLC: COMPANY SNAPSHOT, 2020
    • TABLE 316 PROTON MOTOR POWER SYSTEMS PLC: PRODUCTS OFFERED
    • TABLE 317 PROTON MOTOR POWER SYSTEMS PLC: DEALS
  • 12.2 OTHER PLAYERS
    • 12.2.1 ADAPTIVE ENERGY
    • TABLE 318 ADAPTIVE ENERGY: BUSINESS OVERVIEW
    • 12.2.2 ADELAN
    • TABLE 319 ADELAN: BUSINESS OVERVIEW
    • 12.2.3 SPECIAL POWER SOURCE
    • TABLE 320 SPECIAL POWER SOURCE: BUSINESS OVERVIEW
    • 12.2.4 ZTEK CORPORATION, INC.
    • TABLE 321 ZTEK CORPORATION, INC.: BUSINESS OVERVIEW
    • 12.2.5 SOLIDPOWER S.P.A
    • TABLE 322 SOLIDPOWER S.P.A: BUSINESS OVERVIEW
    • 12.2.6 WATT FUEL CELL CORPORATION
    • TABLE 323 WATT FUEL CELL CORPORATION: BUSINESS OVERVIEW
    • 12.2.7 AVL LIST GMBH
    • TABLE 324 AVL LIST GMBH: BUSINESS OVERVIEW
    • 12.2.8 ALTERGY
    • TABLE 325 ALTERGY: BUSINESS OVERVIEW
    • 12.2.9 MICRORGANIC TECHNOLGIES
    • TABLE 326 MICRORGANIC TECHNOLOGIES: BUSINESS OVERVIEW
    • 12.2.10 NEDSTACK FUEL CELL TECHNOLOGY BV
    • TABLE 327 NEDSTACK FUEL CELL TECHNOLOGY BV: BUSINESS OVERVIEW
    • 12.2.11 INTELLIGENT ENERGY LIMITED
    • TABLE 328 INTELLIGENT ENERGY LIMITED: BUSINESS OVERVIEW
    • 12.2.12 HORIZON FUEL CELL TECHNOLOGIES
    • TABLE 329 HORIZON FUEL CELL TECHNOLOGIES: BUSINESS OVERVIEW
    • 12.2.13 NUVERA FUEL CELLS, LLC
    • TABLE 330 NUVERA FUEL CELLS, LLC: BUSINESS OVERVIEW
    • 12.2.14 POWERUP ENERGY TECHNOLOGIES
    • TABLE 331 POWERUP ENERGY TECHNOLOGIES: BUSINESS OVERVIEW
  • * Business Overview and Financial Review, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.

13 APPENDIX

  • 13.1 INSIGHTS OF INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.4 AVAILABLE CUSTOMIZATIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS