The global fuel cell power system market is expected to grow at a CAGR of 12.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for clean and renewable energy sources, which are less expensive than traditional fossil fuels. The residential segment accounted for the largest share of the global fuel cell power system market in 2018, followed by telecommunications network and secure communications segments. North America was the leading region in terms of revenue contribution in 2018, followed by Europe and Asia Pacific.
- The fuel cell power system market is expected to grow at a CAGR of 8.5% from 2017 to 2025.
- The increasing demand for clean energy and the need for sustainable power generation are some of the factors driving the growth of this market.
- Fuel cells are an attractive option as they produce electricity without any emissions or pollutants and can be used in remote locations where there is no access to grid power or other sources of electricity supply such as solar panels or wind turbines.
- Fuel cells have been used in space missions since the 1960s and have been successfully applied in various industries such as transportation, aerospace & defense, healthcare, oil & gas exploration and production, etc, which has led to increased adoption rates across these sectors over time.
Industry Growth Insights published a new data on “Fuel Cell Power System Market”. The research report is titled “Fuel Cell Power System Market research by Types (0-1 KW, 1-4 KW, > 4 KW), By Applications (Residential, Telecommunications Network, Secure Communications, Other), By Players/Companies Ballard Power, Hydrogenics, Toshiba, Panasonic, Fuji Electric, POSCO ENERGY, Bloom Energy, JX Nippon, FuelCell Energy, Ballard Power, Plug Power, Doosan PureCell America”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Cell Power System Market Research Report
By Type
0-1 KW, 1-4 KW, > 4 KW
By Application
Residential, Telecommunications Network, Secure Communications, Other
By Companies
Ballard Power, Hydrogenics, Toshiba, Panasonic, Fuji Electric, POSCO ENERGY, Bloom Energy, JX Nippon, FuelCell Energy, Ballard Power, Plug Power, Doosan PureCell America
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Cell Power System Market Report Segments:
The global Fuel Cell Power System market is segmented on the basis of:
Types
0-1 KW, 1-4 KW, > 4 KW
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
Residential, Telecommunications Network, Secure Communications, Other
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:
- Ballard Power
- Hydrogenics
- Toshiba
- Panasonic
- Fuji Electric
- POSCO ENERGY
- Bloom Energy
- JX Nippon
- FuelCell Energy
- Ballard Power
- Plug Power
- Doosan PureCell America
Highlights of The Fuel Cell Power System 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:
- 0-1 KW
- 1-4 KW
- > 4 KW
- By Application:
- Residential
- Telecommunications Network
- Secure Communications
- Other
- 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 Fuel Cell Power System 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A fuel cell power system is a type of energy conversion system that uses an electrochemical reaction to produce electricity and heat. The most common fuel cells are used to generate power for vehicles, but they can also be used to produce heat or water.
Some of the major players in the fuel cell power system market are Ballard Power, Hydrogenics, Toshiba, Panasonic, Fuji Electric, POSCO ENERGY, Bloom Energy, JX Nippon, FuelCell Energy, Ballard Power, Plug Power, Doosan PureCell America.
The fuel cell power system market is expected to register a CAGR of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fuel Cell Power System 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. Fuel Cell Power System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fuel Cell Power System Market - Supply Chain
4.5. Global Fuel Cell Power System Market Forecast
4.5.1. Fuel Cell Power System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fuel Cell Power System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fuel Cell Power System Market Absolute $ Opportunity
5. Global Fuel Cell Power System 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. Fuel Cell Power System Market Size and Volume Forecast by Type
5.3.1. 0-1 KW
5.3.2. 1-4 KW
5.3.3. > 4 KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fuel Cell Power System 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. Fuel Cell Power System Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Telecommunications Network
6.3.3. Secure Communications
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fuel Cell Power System 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. Fuel Cell Power System 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 Fuel Cell Power System 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. Fuel Cell Power System 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 Fuel Cell Power System Demand Share Forecast, 2019-2026
9. North America Fuel Cell Power System 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 Fuel Cell Power System 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 Fuel Cell Power System Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Telecommunications Network
9.4.3. Secure Communications
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fuel Cell Power System Market Size and Volume Forecast by Type
9.7.1. 0-1 KW
9.7.2. 1-4 KW
9.7.3. > 4 KW
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 Fuel Cell Power System Demand Share Forecast, 2019-2026
10. Latin America Fuel Cell Power System 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 Fuel Cell Power System 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 Fuel Cell Power System Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Telecommunications Network
10.4.3. Secure Communications
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fuel Cell Power System Market Size and Volume Forecast by Type
10.7.1. 0-1 KW
10.7.2. 1-4 KW
10.7.3. > 4 KW
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 Fuel Cell Power System Demand Share Forecast, 2019-2026
11. Europe Fuel Cell Power System 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 Fuel Cell Power System 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 Fuel Cell Power System Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Telecommunications Network
11.4.3. Secure Communications
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fuel Cell Power System Market Size and Volume Forecast by Type
11.7.1. 0-1 KW
11.7.2. 1-4 KW
11.7.3. > 4 KW
11.8. Basis Point Share (BPS) Analysis byType
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 Fuel Cell Power System Demand Share, 2019-2026
12. Asia Pacific Fuel Cell Power System 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 Fuel Cell Power System 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 Fuel Cell Power System Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Telecommunications Network
12.4.3. Secure Communications
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fuel Cell Power System Market Size and Volume Forecast by Type
12.7.1. 0-1 KW
12.7.2. 1-4 KW
12.7.3. > 4 KW
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 Fuel Cell Power System Demand Share, 2019-2026
13. Middle East & Africa Fuel Cell Power System 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 Fuel Cell Power System 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 Fuel Cell Power System Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Telecommunications Network
13.4.3. Secure Communications
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fuel Cell Power System Market Size and Volume Forecast by Type
13.7.1. 0-1 KW
13.7.2. 1-4 KW
13.7.3. > 4 KW
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 Fuel Cell Power System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fuel Cell Power System Market: Market Share Analysis
14.2. Fuel Cell Power System Distributors and Customers
14.3. Fuel Cell Power System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ballard Power
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hydrogenics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toshiba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fuji Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. POSCO ENERGY
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bloom Energy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JX Nippon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FuelCell 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. Ballard Power
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Plug Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Doosan PureCell America
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