U.S. Leads Fuel Cell Market 2030 Forecasts Say New Research Reports

Posted 2023-01-09 13:31:12

The Global Fuel Cells Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Fuel Cells industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Fuel Cells market along with crucial statistical data about the Fuel Cells market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

The global fuel cell market size reached USD 4.26 Billion in 2021 and is expected to register a revenue CAGR of 22.8% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of fuel cells in military applications across the globe is the key factor driving revenue growth of the market.

The current COVID-19 pandemic is expected to have an effect on the growth of the Fuel Cells industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Fuel Cells sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Fuel Cells industry.

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Market Dynamics:

The report offers insightful information about the market dynamics of the Fuel Cells market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Fuel Cells market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Fuel Cells market.

The report covers the following chapters:

Impact of COVID-19 - This section describes the impact of COVID-19 on the Fuel Cells market.
Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
Global Macro Comparison - The global Fuel Cells market comparison with macro-economic factors gives the Fuel Cells market size, percentage of GDP, and average Fuel Cells market expenditure.
Supply Chain - The supply chain section of the report defines and explains the key players in the Fuel Cells industry supply chain.
Product/Service Analysis - The product/service analysis section of the report describes the leading products/services in the Fuel Cells market along with key features and differentiators for those products/services.
Customer Information - This chapter covers recent customers’ trends/preferences in the global Fuel Cells market.
Trends and Strategies - This chapter describes the major trends shaping the global Fuel Cells market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

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

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Fuel Cells Market Segmentation:

Product Outlook (Volume: Kilo Tons) (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 (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Portable
- Stationary
- Transportation

End-User Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Defense
- Fuel Cell Vehicles
- Utilities

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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