Home / Automobile / Global Fuel Cells Market Research Report 2016 - 2022

Global Fuel Cells Market Research Report 2016 - 2022

  • Id : RNR-53881
  • Category : Automobile
  • Publish Date : 2016
  • Pages : 0
  • Format : PDF
License Type

Description
The Fuel Cell market is estimated to grow by a healthy CAGR of 43% from 2016 to 2022, owing to large scale power projects, CHP applications, rising production of fuel cell cars with hydrogen tanks, development projects for fuel cell powered light commuter trains, replacement of combustion engine public bus fleet with fuel cell powered buses and trams.
The Global Fuel Cell Industry is at the stage of steady evolution with increasing commercial development and production, high rate of R&D processes and rising adoption of fuel cell products & systems by different industries. These systems allow the industrial and residential applications to become environment friendly in emissions and more efficient in operations. Fuel cell systems are still not commonly utilized and accepted systems but are slowly being incorporated into transportation, power generation, heat production for commercial & residential applications, power back up process and electronic device charging. 
The Fuel Cell market is estimated to grow by a healthy CAGR of 43% from 2016 to 2022, owing to large scale power projects, CHP applications, rising production of fuel cell cars with hydrogen tanks, development projects for fuel cell powered light commuter trains, replacement of combustion engine public bus fleet with fuel cell powered buses and trams.
 
Source: Secondary research, Annual Reports, SEC Filings, Investor Presentations, Articles, Expert Insights, and BIS Research Analysis 
The fuel cell market has been estimated and tracked by its technology types – PEMFC, SOFC, PAFC, MCFC and other technologies being employed to produce various fuel cell systems. The market has also been analyzed through the main applications of – Transport, Stationary and Portable, with explanations about the sub segments and various ground level applications in each application segment, such as Cars, Buses, Forklifts, Power Plants, backup power systems, CHP systems, charging for electronic devices. The market has also been estimated for growth in each of the application segments and by technology types with individual CAGR and y-o-y growth rates, factors driving the growth and impeding it, along with government regulations and policies and other initiatives associated with the market dynamics.
The analysis has identified and predicted that Asia is the biggest market at present and is expected to lead in shipments, deployment and production, however the North American region is slated to overtake it by the year 2020 by revenues and shipments deployed due to strong government initiatives, policies and industry activities. Europe as a whole still lags by a long distance behind Asia and North America due to slow policy development, comparatively weaker government support and commercial deployment, however Germany is the exception with strong development activities, R&D and government support.
The report provides complete revenue generation estimation by 2022 for each geography and selected countries within each geography and their individual dynamics for the revenue to grow.
Some of the key players in the industry are Ballard Power Systems, Hydrogenics Corporation, Intelligent Energy, Doosan Fuel Cell America, Ceres Power, AFC Energy, Aisin Seiki, among others. These companies are aiming for business expansion through mergers & acquisitions, partnerships, and product. However, in the industry, there are a number of small companies producing components and small systems, upcoming start ups, R&D specialist companies and other middle level companies (mostly private) who are driving the industry with private investing and government support.
Growing focus on reduction of fossil fuel emissions, adoption of renewable energy sources for electricity generation and transportation and enactment of tough regulations for environment across the world are driving various manufacturing companies to produce more environment friendly technologies specially for electricity generation and transport application segments. Fuel cell is one of such technologies with increasing usage alongwith other renewable sources to provide for energy requirements. It is also a very dynamic kind of technology with wide ranging applications. The global market of fuel cell technologies is estimated to grow by a CAGR of 43% from 2016 to 2022. The report prepared on Global Fuel Cell market covers various segments by technology type, applications and their sub segments and region wise dynamics and developments.
This report details:
Various technology types currently available, their usages in particular applications and productions, advantages and disadvantages.
Application segments – Stationary (Primary Power Generation, Power Backup, Off Grid Power Generation, large scale & small scale generation and CHP), Transportation (Fuel Cell cars, buses, trains, public programs) and Portable (fuel cell chargers for electronic devices).
Regional Developments – Revenue split by geographies. Different dynamics in the geographies covered governing the development of the fuel cell industry, top performing countries in these geographies and the development in these countries.
The report also focuses on different government regulations, programs, initiatives, support to make the industry sustainable and self sufficient in the long run.
The report answers the following questions about the Global Fuel Cell Market:
•    What is the Global Fuel Cell market size is in terms of revenue and volume from 2015-2022?
•    What are the different technologies used in commercial and prototype fuel cell products and where each technology is most suited?
•    What are the different application segments of fuel cells in the industry?
•    What is the revenue generated by different technology types and applications of fuel cells?
•    What are the major factors affecting the growth of the market along with the current and future trends in the fuel cell market?
•    What are the major factors challenging the growth of Global fuel cell market?
•    What kind of initiatives and programs are undertaken by governments and related agencies globally to make the industry products commonly accepted?
•    Which region will lead the Global Fuel cell market by the end of forecast period?
The company profile section includes highlights of significant information about the key companies involved along with their financial positions, key strategies, & developmental activities of recent years. Some of the key players are Ballard Power Systems, Hydrogenics Corporation, Intelligent Energy, Aisin Seiki, FuelCell Energy, Plug Power Inc., among others
Asia generated the maximum revenue in the year 2015 closely followed by North America. The North American region is expected to overtake Asia in revenue generation in medium to long run and lead the global revenues. The industry is expected to cross $27 Bn in total market value by the end of forecast period.