Fuel Cells Market Companies, Share, Forecast, Overview and Analysis by 2028  

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Market Size – USD 2.75 billion in 2019, Market Growth - CAGR of 25.2%, Market Trends –Growing environmental awareness

 

The global Fuel Cells Market is expected to reach USD 16.58 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of fuel cells to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.

The report provides detailed insights into Fuel Cells market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Fuel Cells market size over the forecast period, 2020–2028. The report includes profiles of major Fuel Cells players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Fuel Cells market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.

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Global Fuel Cells market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Fuel Cells market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Fuel Cells market.

In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Fuel Cells market share contribution of these countries. In addition, Fuel Cells market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

Top key vendors in Fuel Cells Market include are:

  • Key participants include Ballard Power Systems, Hydrogenics Corporation, FuelCell Energy, Inc., Bloom Energy, Plug Power, Inc., SFC Energy AG, Ceres Power Holdings PLC, Doosan Fuel Cell America, Intelligent Energy, and Toshiba Energy Systems Solutions Corporation, among others.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

Emergen Research has segmented the global Fuel Cells Market on the basis of Product, Application, End-User, and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Phosphoric Acid Fuel Cell (PAFC)
    • Molten Carbonate Fuel Cell (MCFC
    • Proton Exchange Membrane Fuel Cell (PEMFC)
    • Solid Oxide Fuel Cell (SOFC)
    • Others
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Portable
    • Stationary
    • Transportation
  • End-User Outlook (Revenue, USD Billion; 2017-2027)
    • Defense
    • Fuel Cell Vehicles
    • Utilities

Access the Entire Report packed with TOC, Tables and Figures and Outline of Prominent [email protected] https://www.emergenresearch.com/industry-report/fuel-cells-market

In terms of Fuel Cells market share and revenue contribution to the global Fuel Cells market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Fuel Cells market share.

The market intelligence report on the Fuel Cells Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the Fuel Cells industry

North America Fuel Cells market revenue growth was relatively higher than that of other regional markets in 2020. North America Fuel Cells market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.  

Asia Pacific Fuel Cells market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Fuel Cells market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Fuel Cells market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.

Europe Fuel Cells market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/100

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Fuel Cells industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Fuel Cells market across different regions?
  • Who are the major driving forces expected to decide the fate of the Fuel Cells industry worldwide?
  • Who are the prominent market players making a mark in the Fuel Cells market with their winning strategies?
  • Which Fuel Cells industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Fuel Cells market?

Table of Content

Chapter 1. Methodology Sources

    1.1. Fuel Cells Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Fuel Cells Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Fuel Cells Market Segmentation Impact Analysis

    4.1. Fuel Cells Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Fuel Cells Market indicators analysis

          4.2.2. Fuel Cells Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Fuel Cells Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Fuel Cells products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. Fuel Cells Market Revenue Share By Manufacturers

    10.2. Mergers Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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