Fuel Cell Market Analysis and Forecast to 2032: By Type (PEMFC, SOFC, PAFC, Others), Application (Portable, Stationary, Transport), End Use Industry (Automotive, Marine, Utilities, Defense, Others), Region

Report Code : GIS10177 Number of Pages: 159
Industry : Energy & Natural Resources Publication Status : Upcoming

A fuel cell is a device that converts chemical energy from a fuel into electricity through an electrochemical process. Fuel cells are different from batteries in that they require a continuous supply of fuel and oxygen to operate, but they can produce electricity for much longer periods of time than batteries. Fuel cells are used in a variety of applications, including powering vehicles, generating electricity for buildings, and providing backup power for critical systems.

The main types of fuel cells are proton exchange membrane fuel cells (PEMFCs), solid oxide fuel cells (SOFCs), molten carbonate fuel cells (MCFCs), and Phosphoric acid fuel cells (PAFCs). PEMFCs are the most widely used type of fuel cells, due to their high efficiency and low emissions. SOFCs are the second most popular type of fuel cells, and are used in a variety of applications including power generation, cogeneration, and portable power. MCFCs are less common than the other types of fuel cells, but are growing in popularity due to their high efficiency and long operating life. PAFCs are the least common type of fuel cells, but have the advantage of being able to use a variety of fuels, including natural gas, propane, and biogas.

Covid-19 Impact

The impact of COVID-19 on the fuel cell market industry is expected to be significant. The outbreak of the pandemic has led to a decrease in demand for fuel cells, as many businesses have been forced to close or scale back operations. This has led to a decrease in revenue for fuel cell manufacturers and suppliers. In addition, the outbreak has disrupted supply chains, making it difficult for fuel cell companies to obtain the raw materials and components they need to produce their products. As a result, the fuel cell market is expected to experience a significant slowdown in the coming months.

Report Coverage
Report Attribute Details
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredType, Application, End Use Industry
Key CompaniesPanasonic, Toshiba, Hitachi, Honda, Hyundai, Nissan, Toyota, General Motors, Chrysler, Daimler
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends and Drivers

Fuel cells are a type of energy conversion device. They produce electricity by converting chemical energy into electrical energy. Fuel cells are similar to batteries, but they can operate for much longer periods of time. Fuel cells are being developed for a variety of applications, including transportation, stationary power, portable electronics, and military applications.

One of the key trends in fuel cell technology is the development of fuel cells that run on renewable fuels such as hydrogen. Renewable fuels are more environmentally friendly than fossil fuels, and fuel cells that run on renewable fuels can help to reduce greenhouse gas emissions.

Another key trend is the development of fuel cells that are more efficient than traditional combustion engines. Fuel cells are able to convert chemical energy into electrical energy with very little wasted heat. This makes them much more efficient than combustion engines, which convert only a fraction of the energy in fossil fuels into useful work.

Fuel cells are also being developed for a variety of applications beyond transportation and power generation. Fuel cells are being developed for use in portable electronics, such as laptops and cell phones. Fuel cells can also be used in military applications, such as powering unmanned aerial vehicles (UAVs).

Restraints & Challenges

One of the key challenges is the high cost of fuel cells. Although the cost of fuel cells has been decreasing in recent years, it is still relatively high compared to other energy sources. This high cost is due to the expensive materials and components that are required to build a fuel cell.

Another challenge facing the fuel cell market is the lack of a comprehensive infrastructure. Fuel cells need a dedicated infrastructure for hydrogen production, storage, and distribution. This infrastructure is currently not widely available, which makes it difficult for fuel cells to be deployed on a large scale.

Finally, fuel cells face competition from other emerging technologies, such as battery electric vehicles and solar photovoltaics. These technologies are becoming increasingly cheaper and more efficient, which could make it difficult for fuel cells to compete in the future.

Market Segments

By Type

  • PEMFC
  • SOFC
  • PAFC
  • Others

By Application

  • Portable
  • Stationary
  • Transport

By End Use Industry

  • Automotive
  • Marine
  • Utilities
  • Defense
  • Others
Key Players
  • Panasonic
  • Toshiba
  • Hitachi
  • Honda
  • Hyundai
  • Nissan
  • Toyota
  • General Motors
  • Chrysler
  • Daimler
  • Ford
  • Volkswagen
  • BMW
  • FuelCell Energy
  • Plug Power
  • Ballard Power Systems
  • Hydrogenics
  • Bloom Energy
  • JX Nippon
  • Air Liquide

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Fuel Cell Market Outlook
3.1. Fuel Cell Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. Pestle Analysis
3.5. Value Chain Analysis
3.5.1. Raw Type Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and Retailers
3.6. Impact of Russia and Ukraine War On the Global Fuel Cell Market

Chapter 4. Economic Impact of Covid-19
4.1. Overall Impact of Covid-19
4.2. Impact of Covid On the Global Fuel Cell Market
4.3. Economic Impact Analysis

Chapter 5. Fuel Cell Market by End Use Industry
5.1. Market Overview
5.2. Automotive
5.2.1. Market Size and Forecast, 2021-2032 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
5.3. Marine
5.3.1. Market Size and Forecast, 2021-2032 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
5.4. Utilities
5.4.1. Market Size and Forecast, 2021-2032 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
5.5. Defense
5.5.1. Market Size and Forecast, 2021-2032 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
5.6. Others
5.6.1. Market Size and Forecast, 2021-2032 ($Million)
5.6.2. Market Size and Forecast, by Region, 2021-2032 ($Million)

Chapter 6. Fuel Cell Market by Type
6.1. Market Overview
6.2. PEMFC
6.2.1. Market Size and Forecast, 2021-2032 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
6.3. SOFC
6.3.1. Market Size and Forecast, 2021-2032 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
6.4. PAFC
6.4.1. Market Size and Forecast, 2021-2032 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2032 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2032 ($Million)

Chapter 7. Fuel Cell Market by Application
7.1. Market Overview
7.2. Portable
7.2.1. Market Size and Forecast, 2021-2032 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
7.3. Stationary
7.3.1. Market Size and Forecast, 2021-2032 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2032 ($Million)
7.4. Transport
7.4.1. Market Size and Forecast, 2021-2032 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2032 ($Million)

Chapter 8. Fuel Cell Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.2.3. North America Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.2.4. North America Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.2.5. North America Fuel Cell Market Size and Forecast by XXX 2021-2032, ($Million)
8.2.6. North America Fuel Cell Market Size and Forecast by Country, 2021-2032, ($Million)
8.2.7. The U.S.
8.2.7.1. U.S. Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.2.7.2. U.S. Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.2.7.3. U.S. Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.2.8. Canada
8.2.8.1. Canada Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.2.8.2. Canada Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.2.8.3. Canada Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.2.9. Mexico
8.2.9.1. Mexico Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.2.9.2. Mexico Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.2.9.3. Mexico Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.3. Europe Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.4. Europe Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.5. Europe Fuel Cell Market Size and Forecast by Country, 2021-2032, ($Million)
8.3.6. Germany
8.3.6.1. Germany Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.6.2. Germany Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.6.3. Germany Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.7. France
8.3.7.1. France Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.7.2. France Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.7.3. France Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.8.2. U.K. Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.8.3. U.K. Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.9. Spain
8.3.9.1. Spain Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.9.2. Spain Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.9.3. Spain Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.10. Italy
8.3.10.1. Italy Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.10.2. Italy Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.10.3. Italy Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.11. Russia
8.3.11.1. Russia Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.11.2. Russia Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.11.3. Russia Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.3.12. Rest of Europe
8.3.12.1. Rest of Europe Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.3.12.2. Rest of Europe Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.3.12.3. Rest of Europe Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Fuel Cell Market Size and Forecast by Country, 2021-2032, ($Million)
8.4.3. Asia-Pacific Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.4.4. Asia-Pacific Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.4.5. Asia-Pacific Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.4.6. China
8.4.6.1. China Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.4.6.2. China Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.4.6.3. China Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.4.7. India
8.4.7.1. India Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.4.7.2. India Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.4.7.3. India Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.4.8. Japan
8.4.8.1. Japan Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.4.8.2. Japan Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.4.8.3. Japan Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.4.9.2. South Korea Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.4.9.3. South Korea Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.4.10.2. Rest of APAC Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.4.10.3. Rest of APAC Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.5.3. Rest of the World Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.5.4. Rest of the World Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.5.5. Rest of the World Fuel Cell Market Size and Forecast by Country, 2021-2032, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.5.6.2. Latin America Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.5.6.3. Latin America Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.5.7.2. Middle East Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.5.7.3. Middle East Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)
8.5.8. Africa
8.5.8.1. Africa Fuel Cell Market Size and Forecast by End Use Industry, 2021-2032, ($Million)
8.5.8.2. Africa Fuel Cell Market Size and Forecast by Type, 2021-2032, ($Million)
8.5.8.3. Africa Fuel Cell Market Size and Forecast by Application, 2021-2032, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. FuelCell Energy
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product offerings
10.1.4. Key Strategic Initiatives
10.1.5. Swot Analysis
10.2. Plug Power
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. Swot Analysis
10.3. Ballard Power Systems
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. Swot Analysis
10.4. Hydrogenics
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. Swot Analysis
10.5. Bloom Energy
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. Swot Analysis
10.6. JX Nippon
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. Swot Analysis
10.7. Air Liquide
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. Swot Analysis
10.8. Panasonic
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. Swot Analysis
10.9. Toshiba
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. Swot Analysis
10.10. Hitachi
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. Swot Analysis
*the List of Company Is Subject To Change During the Final Compilation of the Report

 

Key Players
  • Panasonic
  • Toshiba
  • Hitachi
  • Honda
  • Hyundai
  • Nissan
  • Toyota
  • General Motors
  • Chrysler
  • Daimler
  • Ford
  • Volkswagen
  • BMW
  • FuelCell Energy
  • Plug Power
  • Ballard Power Systems
  • Hydrogenics
  • Bloom Energy
  • JX Nippon
  • Air Liquide
Market Segments

By Type

  • PEMFC
  • SOFC
  • PAFC
  • Others

By Application

  • Portable
  • Stationary
  • Transport

By End Use Industry

  • Automotive
  • Marine
  • Utilities
  • Defense
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Central & South America
    • Brazil
    • Rest of CSA
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
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