The global defense fuel cells market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for fuel cells in defense applications, owing to their high efficiency and low maintenance requirements.
The PEM segment is expected to dominate the global defense fuel cells market during the forecast period, due to its high efficiency and low maintenance requirements. The SOFC segment is expected to grow at a CAGR of 9% during the forecast period, owing to its higher power density and lower operating temperature as compared with other types of fuel cells.
The commercial application segment is expected to grow at a CAGR of 10% during the forecast period, due mainly due increased demand for hydrogen-powered vehicles in various countries across Europe and Asia Pacific region.
Some Of The Growth Factors Of This Market:
- Defense Fuel Cells market growth is driven by the increasing demand for fuel cells in military applications.
- Defense Fuel Cells market growth is also driven by the increasing demand for fuel cells in commercial and industrial applications.
- Defense Fuel Cells market growth is also driven by the increasing demand for fuel cells in residential applications, such as backup power systems and distributed generation systems (DGS).
- The increased use of renewable energy sources, such as solar and wind power, will drive the need for more efficient storage solutions to store excess energy generated during peak production periods to be used during off-peak periods when there is less production of renewable energy sources available; this will drive the need for more efficient storage solutions that can be powered with a clean source of energy like hydrogen produced from water using a process called electrolysis; this will lead to an increase in demand for hydrogen-powered fuel cells which are used as an alternative to batteries or other forms of storage devices that require fossil fuels or other non-renewable resources like coal or natural gas; this will lead to an increase in defense fuel cell market size over time due to increased use of renewable energy sources and increased efficiency requirements on storage devices powered with clean sources of energy like hydrogen produced from water using a process called electrolysis.
Industry Growth Insights published a new data on “Defense Fuel Cells Market”. The research report is titled “Defense Fuel Cells Market research by Types (PEM, SOFC, DMFCÂ ), By Applications (Defense, Commercial), By Players/Companies WATT Fuel Cell Corporation, Ultracell, SFC Energy, Protonex, Neah Power Systems, General Motors, Direct Methanol Fuel Cell Corporation, Delphi Automotive, Bloom Energy, Altergy, Ballard Power System”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Defense Fuel Cells Market Research Report
By Type
PEM, SOFC, DMFCÂ
By Application
Defense, Commercial
By Companies
WATT Fuel Cell Corporation, Ultracell, SFC Energy, Protonex, Neah Power Systems, General Motors, Direct Methanol Fuel Cell Corporation, Delphi Automotive, Bloom Energy, Altergy, Ballard Power System
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Defense Fuel Cells Market Report Segments:
The global Defense Fuel Cells market is segmented on the basis of:
Types
PEM, SOFC, DMFCÂ
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WATT Fuel Cell Corporation
- Ultracell
- SFC Energy
- Protonex
- Neah Power Systems
- General Motors
- Direct Methanol Fuel Cell Corporation
- Delphi Automotive
- Bloom Energy
- Altergy
- Ballard Power System
Highlights of The Defense Fuel Cells Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PEM
- SOFC
- DMFCÂ
- By Application:
- Defense
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Defense Fuel Cells Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Defense Fuel Cells are a type of fuel cell that is used to produce electricity for military and civilian applications.
Some of the major players in the defense fuel cells market are WATT Fuel Cell Corporation, Ultracell, SFC Energy, Protonex, Neah Power Systems, General Motors, Direct Methanol Fuel Cell Corporation, Delphi Automotive, Bloom Energy, Altergy, Ballard Power System.
The defense fuel cells market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Defense Fuel Cells Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Defense Fuel Cells Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Defense Fuel Cells Market - Supply Chain
4.5. Global Defense Fuel Cells Market Forecast
4.5.1. Defense Fuel Cells Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Defense Fuel Cells Market Size (000 Units) and Y-o-Y Growth
4.5.3. Defense Fuel Cells Market Absolute $ Opportunity
5. Global Defense Fuel Cells Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Defense Fuel Cells Market Size and Volume Forecast by Type
5.3.1. PEM
5.3.2. SOFC
5.3.3. DMFC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Defense Fuel Cells Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Defense Fuel Cells Market Size and Volume Forecast by Application
6.3.1. Defense
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Defense Fuel Cells Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Defense Fuel Cells Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Defense Fuel Cells Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Defense Fuel Cells Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Defense Fuel Cells Demand Share Forecast, 2019-2026
9. North America Defense Fuel Cells Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Defense Fuel Cells Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Defense Fuel Cells Market Size and Volume Forecast by Application
9.4.1. Defense
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Defense Fuel Cells Market Size and Volume Forecast by Type
9.7.1. PEM
9.7.2. SOFC
9.7.3. DMFC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Defense Fuel Cells Demand Share Forecast, 2019-2026
10. Latin America Defense Fuel Cells Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Defense Fuel Cells Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Defense Fuel Cells Market Size and Volume Forecast by Application
10.4.1. Defense
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Defense Fuel Cells Market Size and Volume Forecast by Type
10.7.1. PEM
10.7.2. SOFC
10.7.3. DMFC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Defense Fuel Cells Demand Share Forecast, 2019-2026
11. Europe Defense Fuel Cells Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Defense Fuel Cells Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Defense Fuel Cells Market Size and Volume Forecast by Application
11.4.1. Defense
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Defense Fuel Cells Market Size and Volume Forecast by Type
11.7.1. PEM
11.7.2. SOFC
11.7.3. DMFC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Defense Fuel Cells Demand Share, 2019-2026
12. Asia Pacific Defense Fuel Cells Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Defense Fuel Cells Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Defense Fuel Cells Market Size and Volume Forecast by Application
12.4.1. Defense
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Defense Fuel Cells Market Size and Volume Forecast by Type
12.7.1. PEM
12.7.2. SOFC
12.7.3. DMFC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Defense Fuel Cells Demand Share, 2019-2026
13. Middle East & Africa Defense Fuel Cells Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Defense Fuel Cells Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Defense Fuel Cells Market Size and Volume Forecast by Application
13.4.1. Defense
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Defense Fuel Cells Market Size and Volume Forecast by Type
13.7.1. PEM
13.7.2. SOFC
13.7.3. DMFC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Defense Fuel Cells Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Defense Fuel Cells Market: Market Share Analysis
14.2. Defense Fuel Cells Distributors and Customers
14.3. Defense Fuel Cells Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. WATT Fuel Cell Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ultracell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SFC Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Protonex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Neah Power Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Motors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Direct Methanol Fuel Cell Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Delphi Automotive
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bloom Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Altergy
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ballard Power System
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
