Fuel Cell Power System Market (By Product Type - Solid Oxide Fuel Cells, Proton Exchange Membrane Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cells , Market By Application - Portable, Stationary, Transport) - Global Industry Size, Share, Trends, and Forecast, 2018 - 2026

Category : ICT | Delivery Format : PDF | Status: Published | Pages : 0

Introduction

Fuel cells are mostly the devices that generates the energy by the chemical reaction inside it. The fuel cell stack is the one of the major component of a fuel cell power system. It is used to generate the electricity in the form of direct current (DC) from electro chemical reactions that occurs in the fuel cell. Moreover, the one fuel cell generates less than 1V, which is not sufficient for the most of the applications. Furthermore, the quantity of power produced is dependent on several different factors such as fuel cell type, cell size, the temperature at which it operates, and others.

Market Dynamics

Rising application of fuel cells in the transportation sector such as in cars and buses is expected to drive the global fuel cell power system market. The other factors propelling the growth of the market includes rising demand for portable devices, enhanced efficiency of fuel cells, and strict government rules aimed at reducing the rising pollution levels. Moreover, the rising awareness of the fuel cell power systems is also likely to fuel the growth of the market.

More price of catalyst, which thereby increases the price of fuel cell, and lack of fuel cell infrastructure are some of the restraining factors hampering the growth of the market.

Market Classification and Overview

The global fuel cell power system market is segmented into product type, application, and region.

On the basis of product type, the market is segmented into solid oxide fuel cells, proton exchange membrane fuel cell, molten carbonate fuel cell, phosphoric acid fuel cells, and others.

Based on the application, the market is segmented into portable, stationary, transport, and others.

Regional Overview

Geographically, the global fuel cell power system market is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America is expected to witness a strong growth during the forecast period 2018-2026 owing to the presence of players from heavy industries, shale gas, automobile, and pharmaceuticals. Moreover, in U.S. the key businesses are increasing adopting the fuel cell for internal consumption which may therefore boost the growth of the market.

Asia Pacific is expected to drive the global fuel cell power system market during the forecasted period owing to the increasing demand for the fuel cell mainly from the stationary segment. Furthermore, the demand for the product is also increasing from different sectors such as commercial, residential, and industrial.

Europe is expected to witness a considerable growth owing to the strong government support and industrial base. Additionally, LAMEA is expecting a slow growth rate due to the less presence of industrial sector.

Report Coverage

Market

Fuel Cell Power System  Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

The fuel cell power system market comprises of some of the major players such as

  • Ballard Power Systems Inc.
  • Plug Power Inc.
  • Proton Power Systems PLC
  • ITM Power Plc
  • AFC Energy Plc
  • Fuel Cell Energy Inc.
  • SFC Energy
  • United Technologies
  • Hydrogenics
  • Fuji Electric India Pvt. Ltd.

Market Segmentation

Market By Product Type

  • Solid Oxide Fuel Cells (SOFC)
  • Proton Exchange Membrane Fuel Cells (PEMFC)
  • Molten Carbonate Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Others

Market By Application

  • Portable
  • Stationary
  • Transport
  • Others

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


Related Reports

Microdisplays Market (By Projection - Near-to-Eye, Projection, Others; By Technology - OLED, LCD, DLP, LCoS; By Application - Consumer Electronics, Military & Defense, Medical, Industrial, Automotive, Others) - Global Industry Size, Share, Trends and Forecast 2018-2026

Introduction The global microdisplays market is the projected to worth around USD 4.0 bn by 2026. It is projected to expand at a CAGR of 20.3% from 2018 to 2026. A microdisplay can be referred as a screen with a diagonal size of less than two inches. The screen are being progressively incorporated in consumer electronic devices, for instance viewfinders of digital cameras, smart

High Performance Computing Market (By Component - Servers, Storage, Networking Devices, Software, Services, Cloud, Others; By Deployment - On-premise, Cloud; By End-user - Banking, Financial Services, and Insurance (BFSI), Gaming, Media & Entertainment, Retail, Transportation, Government & Defense, Education & Research, Manufacturing, Healthcare & Bioscience, Others) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction The global High Performance computing market is project worth USD 60.1 Billion in 2026 and the market is projected to showcase 7.4% CAGR during the forecast period. The market is driven by increasing penetration of need for high-efficiency computing across all the verticals. Market Dynamics

Flow Computer Market (By Product - Wired Flow Computers, Wireless Flow Computers; By Application - Oil & Gas, Water & Wastewater, Energy & Power Generation, Food & Beverage, Chemical, Pulp & Paper and Metal & Mining, Others; Market By Component - Hardware, Software, Services) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction The global flow computermarket is project worth $1.8 Billion in 2026 and the market is projected to showcase 8.0% CAGR during the forecast period. The market is driven by increasing penetration of advance computer gadget across various application such as healthcare, commercial space and others. Market Dynamics

White Box Servers Market ( Market By Form Factor - Tower Server, Rack Server, Blade Server, Density-Optimized Server; Market By Business Type - Data Centers, Enterprise customers; Market By Processor Type - X86 Server, Non-X86 Server; Market By Operating System - Linux Operating System, Other Operating System) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction Data centre systems which are not assembled by a renowned vendor are known as white box server market. They are manufactured through several hardware components available in the market. The features of white box server’s enables its use not only is particular application, but also in varied range of applications. They are generally ordered in bulk from origin

Enterprise Network Firewall Market (By Types - Conventional Firewall, Next Generation Firewall (NGFW), Application Firewall; Market By Component - Hardware, Software, Services; Market By Deployment Model - On Premise, Cloud Based) - Global Industry Size, Share, Trends, and Forecast, 2018 - 2026

Introduction Enterprise network firewall is the network security helps in the improving the network security. Network firewall is the ideal place to employ the enterprise network security policy with predetermined security rules. It is an integrated network choke point which prevents potentially vulnerable services either from leaving or entering the network. It also helps in pr

Cables and Accessories Market (By Voltage - Low Voltage, Medium Voltage, High Voltage, Market By Installation-Overhead, Underground, Market By End-Users - Industrial, Renewable - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction A cable is a group of wires or a single wire inside a rubber or plastic covering, used to carry electricity or electronic signals. Additionally, the cable is also referred to as a kind of very strong, thick rope which is made up of wires twisted together. These cables are used for transmission of power or data between the devices. Moreover, an accessory is referred

Cart Summary