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Global Home Fuel Cell Market

  • July 2017
  • 39 pages
  • Mordor Intelligence LLP
Report ID: 5023847

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Fuel Cell technology is one of the most promising and energy efficient solution for our energy needs. Unlike traditional mass-energy conversion devices like internal combustion engines which involve combustion of fuels, and produce pollutants, Fuel cell produces energy by combining hydrogen ions with oxygen or air, with water as a bi-product. Fuel cell is one of the cleanest and energy efficient solution in the market. Increasing power prices have created demand for alternative power sources for homes. People are looking for solutions to completely or partially depend off the grid. Home Fuel cells is one of the most efficient technology available in the market to power homes. High efficiency and reliability is driving more people to opt for home fuel cells. Increased innovations in smart home technology are also helping driving the demand for this technology. However high cost and scarcity of hydrogen and other fuels used in fuel is restraining the adoption of this technology.

Panasonic already is generating high sales in japan with its “Ene-Farm” PEM home fuel cell. Many energy and technology companies are expected to heavily invest in this technology as it could become a main stream alternative solution by 2022. The increase in availability of hydrogen fuel, with latest advancements artificial photosynthesis tech could also accelerate the growth of these systems. Researchers are also working to use other organic alternatives fuel cell technologies, which could prove good alternatives to PEM fuel cells.

The study, besides estimating the ’Fuel Cell home’ market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share. The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario.

The study in brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized. It approximates the time for innovation, in order for the industry to maintain a stable growth over a sustained period. The report also details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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