Market Overview:
The global military fuel cell market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel cells in unmanned aerial vehicles and ground vehicles. In addition, the increasing focus on reducing greenhouse gas emissions is also contributing to the growth of this market. The global military fuel cell market can be segmented by type, application, and region. By type, the market can be divided into phosphoric acid fuel cells (PAFC), solid oxide fuel cells (SOFC), molten carbonate fuel cells (MCFC), and others. PAFCs are expected to dominate this segment due to their high efficiency and low cost of ownership as compared with other types of fuel cells. By application, the military drone segment is projected to lead this market during the forecast period owing to rising demand for drones for reconnaissance and surveillance purposes across different regions worldwide.
Product Definition:
A fuel cell is a device that converts the chemical energy from a fuel into electrical energy. The military fuel cell is used to power various types of equipment, including vehicles and generators. It is important because it provides a reliable and efficient source of power for military operations.
Phosphoric Acid Fuel Cell(PAFC):
Phosphoric acid fuel cell (PAFC) is a type of fuel cell that uses phosphoric acid as its electrolyte and hydrogen and methanol as its fuels.
It has advantages such as it's lightweight, small in size & costs less than other technologies which makes it attractive for use in military applications. The U.
Solid Oxide Fuel Cells(SOFC):
Solid oxide fuel cells (SOFC) are one of the potential technologies for producing electricity on a commercial scale. The solid oxide fuel cell technology has been around for more than two decades, but it is only recently that attention has turned to developing practical SOFCs. This is primarily due to the fact that conventional solid oxide fuels are not stable at room temperature and therefore cannot be used in commercial applications.
Application Insights:
Military drones held the largest market share of over 30% in terms of revenue in 2017. The fuel cell powered military drones offer enhanced endurance, mobility and mission capability with zero emissions. Rising demand for advanced UAVs with enhanced capabilities is expected to drive the global military fuel cell market during the forecast period.
The growing need for energy security, coupled with environmental concerns regarding drone production has led major manufacturers such as SAAB and EADS to introduce eco-friendly solutions such as hybrid electric or hydrogen fueled aircraft into their product portfolio. These factors are anticipated to create lucrative opportunities for industry growth over the coming years.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing defense budget and research & development activities by various government organizations. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to growing industrialization, technological advancements, economic growth and increased demand for fuel cell systems from several key industries such as military and aerospace. Moreover, rising awareness about environmental protection along with stringent regulations by regulatory bodies such as Environment Protection Agency (EPA) and California Air Resources Board (CARB) are anticipated to drive industry growth over this region.
Growth Factors:
- Increasing demand for fuel cells from the military sector owing to the advantages offered such as high efficiency, low emissions, and long-term durability
- Rising concerns over environmental pollution and global warming are expected to drive the demand for fuel cells in military applications
- Proliferation of unmanned aerial vehicles (UAVs) and other advanced weapon systems is anticipated to boost the market growth
- Growing investments by governments worldwide for development of new technologies in fuel cell sector is projected to create lucrative opportunities for market players
- Technological advancements coupled with declining prices of fuel cells are likely to favor the growth of this market in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Fuel Cell Market Research Report
By Type
Phosphoric Acid Fuel Cell(PAFC), Solid Oxide Fuel Cells(SOFC), Molten Carbonate Fuel Cell(MCFC), Others
By Application
Military Drone, Military Unmanned Ground Vehicle, Others
By Companies
AFC Energy PLC, Ballard Power Systems Inc., Bloom Energy, Cummins Inc., Doosan Fuel Cell Co., Ltd., Horizon Fuel Cell Technologies, Mitsubishi Power, Ltd., PLUG POWER INC., SFC Energy AG, UltraCell LLC (Advent Technologies), AFC Energy PLC, Toshiba ESS, Aisin Seiki, FuelCell Energy
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Military Fuel Cell Market Report Segments:
The global Military Fuel Cell market is segmented on the basis of:
Types
Phosphoric Acid Fuel Cell(PAFC), Solid Oxide Fuel Cells(SOFC), Molten Carbonate Fuel Cell(MCFC), Others
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
Military Drone, Military Unmanned Ground Vehicle, 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:
- AFC Energy PLC
- Ballard Power Systems Inc.
- Bloom Energy
- Cummins Inc.
- Doosan Fuel Cell Co., Ltd.
- Horizon Fuel Cell Technologies
- Mitsubishi Power, Ltd.
- PLUG POWER INC.
- SFC Energy AG
- UltraCell LLC (Advent Technologies)
- AFC Energy PLC
- Toshiba ESS
- Aisin Seiki
- FuelCell Energy
Highlights of The Military Fuel Cell 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:
- Phosphoric Acid Fuel Cell(PAFC)
- Solid Oxide Fuel Cells(SOFC)
- Molten Carbonate Fuel Cell(MCFC)
- Others
- By Application:
- Military Drone
- Military Unmanned Ground Vehicle
- 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 Military Fuel Cell 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
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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?
Military fuel cells are a type of fuel cell that are used in military applications. They are designed to be rugged and able to operate in harsh environments.
Some of the key players operating in the military fuel cell market are AFC Energy PLC, Ballard Power Systems Inc., Bloom Energy, Cummins Inc., Doosan Fuel Cell Co., Ltd., Horizon Fuel Cell Technologies, Mitsubishi Power, Ltd., PLUG POWER INC., SFC Energy AG, UltraCell LLC (Advent Technologies), AFC Energy PLC, Toshiba ESS, Aisin Seiki, FuelCell Energy.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Fuel Cell 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 Military Fuel Cell Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Fuel Cell 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 Military Fuel Cell 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 Military Fuel Cell Market Size & Forecast, 2018-2028
4.5.1 Military Fuel Cell Market Size and Y-o-Y Growth
4.5.2 Military Fuel Cell Market Absolute $ Opportunity
Chapter 5 Global Military Fuel Cell 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 Military Fuel Cell Market Size Forecast by Type
5.2.1 Phosphoric Acid Fuel Cell(PAFC)
5.2.2 Solid Oxide Fuel Cells(SOFC)
5.2.3 Molten Carbonate Fuel Cell(MCFC)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Fuel Cell 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 Military Fuel Cell Market Size Forecast by Applications
6.2.1 Military Drone
6.2.2 Military Unmanned Ground Vehicle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Fuel Cell 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 Military Fuel Cell 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 Military Fuel Cell Analysis and Forecast
9.1 Introduction
9.2 North America Military Fuel Cell 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 Military Fuel Cell Market Size Forecast by Type
9.6.1 Phosphoric Acid Fuel Cell(PAFC)
9.6.2 Solid Oxide Fuel Cells(SOFC)
9.6.3 Molten Carbonate Fuel Cell(MCFC)
9.6.4 Others
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 Military Fuel Cell Market Size Forecast by Applications
9.10.1 Military Drone
9.10.2 Military Unmanned Ground Vehicle
9.10.3 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 Military Fuel Cell Analysis and Forecast
10.1 Introduction
10.2 Europe Military Fuel Cell 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 Military Fuel Cell Market Size Forecast by Type
10.6.1 Phosphoric Acid Fuel Cell(PAFC)
10.6.2 Solid Oxide Fuel Cells(SOFC)
10.6.3 Molten Carbonate Fuel Cell(MCFC)
10.6.4 Others
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 Military Fuel Cell Market Size Forecast by Applications
10.10.1 Military Drone
10.10.2 Military Unmanned Ground Vehicle
10.10.3 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 Military Fuel Cell Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Fuel Cell 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 Military Fuel Cell Market Size Forecast by Type
11.6.1 Phosphoric Acid Fuel Cell(PAFC)
11.6.2 Solid Oxide Fuel Cells(SOFC)
11.6.3 Molten Carbonate Fuel Cell(MCFC)
11.6.4 Others
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 Military Fuel Cell Market Size Forecast by Applications
11.10.1 Military Drone
11.10.2 Military Unmanned Ground Vehicle
11.10.3 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 Military Fuel Cell Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Fuel Cell 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 Military Fuel Cell Market Size Forecast by Type
12.6.1 Phosphoric Acid Fuel Cell(PAFC)
12.6.2 Solid Oxide Fuel Cells(SOFC)
12.6.3 Molten Carbonate Fuel Cell(MCFC)
12.6.4 Others
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 Military Fuel Cell Market Size Forecast by Applications
12.10.1 Military Drone
12.10.2 Military Unmanned Ground Vehicle
12.10.3 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) Military Fuel Cell Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Fuel Cell 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) Military Fuel Cell Market Size Forecast by Type
13.6.1 Phosphoric Acid Fuel Cell(PAFC)
13.6.2 Solid Oxide Fuel Cells(SOFC)
13.6.3 Molten Carbonate Fuel Cell(MCFC)
13.6.4 Others
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) Military Fuel Cell Market Size Forecast by Applications
13.10.1 Military Drone
13.10.2 Military Unmanned Ground Vehicle
13.10.3 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 Military Fuel Cell Market: Competitive Dashboard
14.2 Global Military Fuel Cell Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AFC Energy PLC
14.3.2 Ballard Power Systems Inc.
14.3.3 Bloom Energy
14.3.4 Cummins Inc.
14.3.5 Doosan Fuel Cell Co., Ltd.
14.3.6 Horizon Fuel Cell Technologies
14.3.7 Mitsubishi Power, Ltd.
14.3.8 PLUG POWER INC.
14.3.9 SFC Energy AG
14.3.10 UltraCell LLC (Advent Technologies)
14.3.11 AFC Energy PLC
14.3.12 Toshiba ESS
14.3.13 Aisin Seiki
14.3.14 FuelCell Energy
