Market Overview:
The global fuel cell backup power market is expected to grow from USD 1.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 12.9% during the forecast period. The growth of this market can be attributed to the increasing demand for fuel cells from data centers, hospitals, communication base stations, and commercial establishments. However, high initial cost and lack of awareness about fuel cells are restraining the growth of this market. Based on type, the global fuel cell backup power market is segmented into mobile and stationary segments. The mobile segment is expected to grow at a higher CAGR than the stationary segment during the forecast period. This growth can be attributed to rising demand for portable fuel cells from various end-use applications such as data centers, hospitals, communication base stations, and others). Based on application,,the global Fuel Cell Backup Power Market is divided into five segments: data centers; hospitals; communication base stations; commercial establishments; and others including military applications & unmanned aerial vehicles (UAVs), emergency services vehicles (ESVs), etc.).
Product Definition:
A fuel cell backup power system is a device that uses a fuel cell to provide electricity when the main power source is unavailable. This can be due to a power outage or because the main source of energy is not available, such as during a natural disaster. Fuel cells are an important part of backup power systems because they are reliable and have a long lifespan.
Mobile:
Mobile is a system or an equipment which consists of hardware and software components used to provide telecommunication services. It can be defined as a portable computer coupled with communications equipment, which allows the user to receive and transmit signals over short distances. Mobile phones are also known as cellular telephones or simply phones. They are handheld communication devices that enable users to send and receive voice, video, text messages using radio frequency waves generated by the phone's internal combustion engine powered antennae.
Stationary:
The global stationary and it's usage in fuel cell backup power market size was valued at USD 8,150.0 thousand in 2015. The increasing demand for renewable sources of energy is expected to drive the industry growth over the forecast period. Stationary fuel cells are used as a source of backup power during grid failure or blackouts which may occur due to natural disasters or any other unforeseen situations.
Application Insights:
The data centers application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The growing demand for fuel cell backup power due to its ability to provide reliable, continuous and clean electricity supply is expected to drive the growth of this segment.
The communication base stations application segment was valued over USD 100 million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030. Fuel cell backup power solutions are being increasingly deployed at communication base stations owing to their small size, lightweight nature, high efficiency, noiseless operation as well as emissions free nature. This factor alone is expectedto boost product demand among communications tower owners or operators who require reliable electricity supply during outages or emergencies situations when grid failure occurs frequently across several regions including Europe, North America and Asia Pacific etcetera.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as increasing demand for power backup and growing adoption of fuel cell backup systems. In addition, presence of a large number of data centers in the U.S., which require continuous and reliable power supply during outages is anticipated to drive regional growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions due to rising investments by governments across various countries including China, India, South Korea and Japan on establishing robust energy infrastructure that can provide sustainable energy solutions at an affordable cost while also reducing environmental pollution levels compared with other conventional sources such as coal or gas-fired plants.
Growth Factors:
- Increasing demand for fuel cell backup power systems from data centers and telecommunications operators to ensure uninterrupted power supply
- Favorable government policies and regulations for the deployment of fuel cell backup power systems
- Growing demand for clean and renewable energy sources to meet the rising global energy demand
- Technological advancements in fuel cell technology that improve performance, efficiency, and reduce costs
- Rising awareness about the benefits of using fuel cells as a backup power source
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Cell Backup Power Market Research Report
By Type
Mobile, Stationary
By Application
Data Centers, Hospital, Communication Base Stations, Commercial, Others
By Companies
Plug Power, Ballard Power System, Redox Power Systems, AREVA, SinoHytec, Sinosynergy, Suzhou Foresight Energy, Helion Hydrogen, Shanghai Pearl Hydrogen, Zhejiang Neksonpower, Shuangdeng Group, Wuhan Himalaya Optoelectronics Technology
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Cell Backup Power Market Report Segments:
The global Fuel Cell Backup Power market is segmented on the basis of:
Types
Mobile, Stationary
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
Data Centers, Hospital, Communication Base Stations, Commercial, Others
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:
- Plug Power
- Ballard Power System
- Redox Power Systems
- AREVA
- SinoHytec
- Sinosynergy
- Suzhou Foresight Energy
- Helion Hydrogen
- Shanghai Pearl Hydrogen
- Zhejiang Neksonpower
- Shuangdeng Group
- Wuhan Himalaya Optoelectronics Technology
Highlights of The Fuel Cell Backup Power 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:
- Mobile
- Stationary
- By Application:
- Data Centers
- Hospital
- Communication Base Stations
- Commercial
- Others
- 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 Backup Power 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
Fuel cell backup power is a type of renewable energy that can be used to provide emergency power in the event of an outage. Fuel cells use hydrogen and oxygen to produce electricity, and they are considered environmentally friendly because they generate no emissions.
Some of the key players operating in the fuel cell backup power market are Plug Power, Ballard Power System, Redox Power Systems, AREVA, SinoHytec, Sinosynergy, Suzhou Foresight Energy, Helion Hydrogen, Shanghai Pearl Hydrogen, Zhejiang Neksonpower, Shuangdeng Group, Wuhan Himalaya Optoelectronics Technology.
The fuel cell backup power market is expected to register a CAGR of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuel Cell Backup Power Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fuel Cell Backup Power Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuel Cell Backup Power Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fuel Cell Backup Power Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fuel Cell Backup Power Market Size & Forecast, 2018-2028
4.5.1 Fuel Cell Backup Power Market Size and Y-o-Y Growth
4.5.2 Fuel Cell Backup Power Market Absolute $ Opportunity
Chapter 5 Global Fuel Cell Backup Power Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fuel Cell Backup Power Market Size Forecast by Type
5.2.1 Mobile
5.2.2 Stationary
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fuel Cell Backup Power Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fuel Cell Backup Power Market Size Forecast by Applications
6.2.1 Data Centers
6.2.2 Hospital
6.2.3 Communication Base Stations
6.2.4 Commercial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuel Cell Backup Power Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fuel Cell Backup Power Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fuel Cell Backup Power Analysis and Forecast
9.1 Introduction
9.2 North America Fuel Cell Backup Power Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fuel Cell Backup Power Market Size Forecast by Type
9.6.1 Mobile
9.6.2 Stationary
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fuel Cell Backup Power Market Size Forecast by Applications
9.10.1 Data Centers
9.10.2 Hospital
9.10.3 Communication Base Stations
9.10.4 Commercial
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fuel Cell Backup Power Analysis and Forecast
10.1 Introduction
10.2 Europe Fuel Cell Backup Power Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fuel Cell Backup Power Market Size Forecast by Type
10.6.1 Mobile
10.6.2 Stationary
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fuel Cell Backup Power Market Size Forecast by Applications
10.10.1 Data Centers
10.10.2 Hospital
10.10.3 Communication Base Stations
10.10.4 Commercial
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fuel Cell Backup Power Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fuel Cell Backup Power Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fuel Cell Backup Power Market Size Forecast by Type
11.6.1 Mobile
11.6.2 Stationary
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fuel Cell Backup Power Market Size Forecast by Applications
11.10.1 Data Centers
11.10.2 Hospital
11.10.3 Communication Base Stations
11.10.4 Commercial
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fuel Cell Backup Power Analysis and Forecast
12.1 Introduction
12.2 Latin America Fuel Cell Backup Power Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fuel Cell Backup Power Market Size Forecast by Type
12.6.1 Mobile
12.6.2 Stationary
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fuel Cell Backup Power Market Size Forecast by Applications
12.10.1 Data Centers
12.10.2 Hospital
12.10.3 Communication Base Stations
12.10.4 Commercial
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fuel Cell Backup Power Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fuel Cell Backup Power Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fuel Cell Backup Power Market Size Forecast by Type
13.6.1 Mobile
13.6.2 Stationary
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fuel Cell Backup Power Market Size Forecast by Applications
13.10.1 Data Centers
13.10.2 Hospital
13.10.3 Communication Base Stations
13.10.4 Commercial
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fuel Cell Backup Power Market: Competitive Dashboard
14.2 Global Fuel Cell Backup Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Plug Power
14.3.2 Ballard Power System
14.3.3 Redox Power Systems
14.3.4 AREVA
14.3.5 SinoHytec
14.3.6 Sinosynergy
14.3.7 Suzhou Foresight Energy
14.3.8 Helion Hydrogen
14.3.9 Shanghai Pearl Hydrogen
14.3.10 Zhejiang Neksonpower
14.3.11 Shuangdeng Group
14.3.12 Wuhan Himalaya Optoelectronics Technology
