1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends
Global Fuel Cell Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023

Global Fuel Cell Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023

  • June 2017
  • 180 pages
  • ID: 4936652

Summary

Table of Contents

The global fuel cell market is expected to grow with the CAGR of approximately 17.5% during the forecast period (2016-2023).The market growth is primarily driven due to increasing demand for unconventional energy sources, rising public-private partnership, increasing demand for combined heat & power systems and innovations in fuel cell technologies.

Hydrogen and fuel cell technology is expected to play vital role in the energy supply and mobility. To ensure further advancement of such technologies, government, science and industry started a strategic alliance known as National Innovation Programme (NIP) for Hydrogen and Fuel Cell Technology. NIP is planned to accelerate the market preparation process of products which is based on the future-oriented technology.

Overall budget of NIP which has invested from a period of 2006 to 2016 was totaled to $ 1.58 billion and the Federal Ministry for Economic Affairs and Energy and the Federal Ministry of Transport and Digital Infrastructure offer half of this sum, though the balance is invested by the participating industry. In Japan, the government and various businesses have been focusing on the development of fuel cells since early 1980s. The fuel cells are presently being studied and developed in Japan and some of them are Phosphoric Acid Fuel Cell (PAFC), Polymer Electrolyte Fuel Cell (PEFC), Solid Oxide Fuel Cell (SOFC) and Molten Carbonate Fuel Cell (MCFC).

The PEFCs are receiving the highest amount of attention as the technical benefits of PEFCs over other types comprise higher energy densityand lower operating temperature. Subsequently, it is possible to miniaturize PEFCs and utilize them for not just industrial objectives, but also a wide range of applications that comprise portable batteriesand fuel cell cars. However, high cost of fuel cell technologies and lack of infrastructure are acting as major restraining factors for the market. The major challenges faced by the players are high capital investment and lack of skilled professionals.

Geographically, North America occupied major share in terms of revenue in 2016 due to high government support to reduce Co2 emissions. However, Asia Pacific is expected to be the fastest growing due to increasing demand for clean energy in the region. The presence of major companies such asGeneral Electric Corporation (U.S.), Hitachi, Ltd. (Japan), Panasonic Corporation (Japan), SFC Energy (Germany), Toyota Motor Corporation (Japan) etc. are creating opportunity for high innovations for fuel cells in near future.

The global fuel cell market is segmented on the basis of application and technology. The application segment is further classified into transportation, stationary hydrogen power plants and portable power plant.The technology segment is further classified into solid oxide fuel cells (SOFC), phosphoric acid fuel cells (PAFC), molten carbonate fuel cells (MCFC), direct methanol fuel cells (DMFC) and polymer/proton exchange membrane fuel cells (PEMFC).

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Amrita helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Solid Oxide Fuel Cell Market by Type, Application, End-Use, Region - Global Forecast to 2025

Solid Oxide Fuel Cell Market: Global Forecast until 2025

  • $ 5650
  • Industry report
  • October 2017
  • by MarketsandMarkets

“The solid oxide fuel cell market is projected to grow at a CAGR of 13.88%, from 2017 to 2025.”The solid oxide fuel cell market is estimated to be USD 403.4 million in 2017 and is projected to reach ...

Global Fuel Cells for Military Unmanned Aerial Vehicle (UAV) Market 2017-2021

Fuel Cells Sector, focus on Military Unmanned Aerial Vehicle (UAV) Market: Worldwide Forecast until 2021

  • $ 3500
  • Industry report
  • October 2017
  • by Infiniti Research Limited

About Fuel Cells for Military Unmanned Aerial Vehicle (UAV)Military UAV fuel cells are of different kinds, and they are deployed for various operations. The most prominent types of fuel cells used in military ...

Global Fuel Cells for Marine Vessels Market 2017-2021

Fuel Cells Sector, focus on Marine Vessels Market: Worldwide Forecast until 2021

  • $ 3500
  • Industry report
  • October 2017
  • by Infiniti Research Limited

About Fuel Cells for Marine VesselsFuel cells are flexible in nature, and they can be used as a single cell or in stacks. As a result, the power produced can be channelized throughout a ship, without an ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.