Dublin, July 10, 2019 (GLOBE NEWSWIRE) -- The "Fuel Cell Market: Global Industry Trends, Size, Share, Growth, Opportunities and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global fuel cell market reached a value of US$ 4.5 Billion in 2018. Looking forward, the market value is projected to reach a value US$ 9.5 Billion by 2024, registering a CAGR of 13.2% during 2019-2024.
Various initiatives and favourable policies by governments supporting the use of sustainable energy substitutes represents one of the major factors catalysing the growth of the global fuel cell market.
Moreover, as fuel cells do not require conventional fuels such as oil or gas, it reduces economic dependence on oil producing countries, thereby broadening the growth prospects of the market.
Other growth inducing factors include technological advancements, constant depletion of fossil fuels and rising awareness about the benefits of fuel cells.
Market Summary
- Based on the type, the market has been segmented as proton exchange membrane fuel cells, solid oxide fuel cells, molten carbonate fuel cells, direct methanol fuel cells, phosphoric acid fuel cells and others. Proton exchange membrane fuel cells currently account for the highest market share.
- On the basis of application, stationary represents the largest segment, followed by transportation, portable and others.
- Region-wise, the market has been segmented into Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia-Pacific is the biggest market.
Key Topics Covered
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fuel Cell Market
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.3.1 Key Price Indicators
5.3.2 Price Structure
5.3.3 Margin Analysis
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research & Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
6 Market Breakup by Type
6.1 Proton Exchange Membrane Fuel Cells (PEMFC)
6.2 Solid Oxide Fuel Cells (SOFC)
6.3 Molten Carbonate Fuel Cells (MCFC)
6.4 Direct Methanol Fuel Cells (DMFC)
6.5 Phosphoric Acid Fuel Cells (PAFC)
6.6 Others
7 Market Breakup by Application
7.1 Stationary
7.2 Transportation
7.3 Portable
7.4 Others
8 Market Breakup by Region
9 Fuel Cell Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Ballard Power Systems Inc.
10.3.2 Bloom Energy Corporation
10.3.3 Toshiba Fuel Cell Power Systems Corporation
10.3.4 FuelCell Energy Inc.
10.3.5 Plug Power Inc.
10.3.6 Nuvera Fuel Cells Inc.
10.3.7 AFC Energy PLC
10.3.8 SFC Energy AG
10.3.9 Mitsubishi Hitachi Power Systems Ltd.
10.3.10 Panasonic Corporation
10.3.11 Intelligent Energy Limited
10.3.12 Doosan Fuel Cell America Inc.
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