Market Overview:
The global hydrogen fuel cells market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for clean and efficient energy sources, rising concerns over climate change, and growing investments in renewable energy technologies. The global hydrogen fuel cells market can be segmented on the basis of type into air-cooled type and water-cooled type. The air-cooled type is expected to account for a larger share of the market than the water-cooled type during the forecast period. On the basis of application, the global hydrogen fuel cells market can be segmented into stationary, transport, and portable applications. The stationary application is expected to account for a larger share of the global hydrogen fuel cells market than transport and portable applications duringthe forecast period.
Product Definition:
A hydrogen fuel cell is a device that uses the energy generated by a chemical reaction between hydrogen and oxygen to create electricity. This clean, emissions-free form of power can be used to run vehicles, homes, and businesses.
Air-cooled Type:
Air-cooled type is a method of heat removal from the cell that uses ambient air as a cooling medium. In this process, the heat generated by the fuel cell is transferred to an external cooler, which then returns it to the cell. This eliminates one of the major problems associated with water-cooled systems; namely, corrosion caused due to water contact.
Water-cooled Type:
Water-cooled type is a method of heat treatment used to impart corrosion resistance in hydrogen fuel cells. The process involves immersing the cell components in water for cooling, thereby reducing the overall temperature of the system and increasing its life span.
The global market for water-cooled type is expected to grow at a CAGR greater than 5% over the forecast period owing to several benefits offered by these systems such as low maintenance cost, higher efficiency,.
Application Insights:
Stationary fuel cell is the most widely used application segment and accounted for over 90% of the total revenue share in 2017. Hydrogen produced from renewable sources, such as solar and wind energy, is utilized in these stations to produce electricity and water. The Stationary Fuel Cell (SFC) market was valued at USD 1,227.5 million in 2017 owing to rising demand from commercial applications such as hospitals, data centers, telecom companies among others.
The portable hydrogen fuel cell vehicle (HFCV) application segment is expected to witness significant growth over the forecast period owing to its ability of providing clean power solution for transportation needs across various regions including North America and Europe with growing environmental concerns regarding carbon emissions due to conventional gasoline-powered vehicles being implemented globally by 2030 ¢â‚¬Å“2030 ¢â‚¬ according to a study conducted by NGTI University Center for Technology Commercialization (UTC).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives for the development of hydrogen infrastructure and technology in countries such as Japan, China, South Korea and India. For instance, in April 2016; The Government of India launched ‘UJALA Scheme’ under which free gas connections were provided for cooking equipment using H2fuel cells.
In terms of volume Asia Pacific held approximately 34% share in 2017 owing to growing demand from portable electronic devices manufacturers based out of China and Japan along with increased spending on healthcare infrastructure development across these countries.
Growth Factors:
- Increasing demand for fuel cells in transportation sector as a result of stringent emission norms by regulatory authorities across the globe.
- Proliferation of hydrogen refueling infrastructure, which is aiding the growth of hydrogen fuel cells market.
- Growing demand for clean and renewable energy sources owing to concerns over global warming and climate change is propelling the adoption of fuel cells, thereby driving the growth of hydrogen fuel cells market.
- Rising R&D investments by key players to develop cost-effective and high-performance fuel cell technologies is providing impetus to the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Fuel Cells Market Research Report
By Type
Air-cooled Type, Water-cooled Type
By Application
Stationary, Transport, Portable
By Companies
Fuel Cell Energy, Panasonic , Plug Power, Intelligent Energy, Toshiba, Hyster-Yale Group, Ballard Power Systems, Doosan Fuel Cell , Nedstack, Hydrogenics, Pearl Hydrogen, Sunrise Power
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Fuel Cells Market Report Segments:
The global Hydrogen Fuel Cells market is segmented on the basis of:
Types
Air-cooled Type, Water-cooled Type
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
Stationary, Transport, Portable
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:
- Fuel Cell Energy
- PanasonicÂ
- Plug Power
- Intelligent Energy
- Toshiba
- Hyster-Yale Group
- Ballard Power Systems
- Doosan Fuel CellÂ
- Nedstack
- Hydrogenics
- Pearl Hydrogen
- Sunrise Power
Highlights of The Hydrogen 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:
- Air-cooled Type
- Water-cooled Type
- By Application:
- Stationary
- Transport
- Portable
- 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 Hydrogen 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.
How you may use our products:
- 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?
Hydrogen fuel cells are devices that convert the energy from hydrogen gas into electrical power. Hydrogen fuel cells can be used to power vehicles, homes, and other small electronic devices.
Some of the major companies in the hydrogen fuel cells market are Fuel Cell Energy, Panasonic‚Â , Plug Power, Intelligent Energy, Toshiba, Hyster-Yale Group, Ballard Power Systems, Doosan Fuel Cell‚Â , Nedstack, Hydrogenics, Pearl Hydrogen, Sunrise Power.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogen 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. Hydrogen 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. Hydrogen Fuel Cells Market - Supply Chain
4.5. Global Hydrogen Fuel Cells Market Forecast
4.5.1. Hydrogen Fuel Cells Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrogen Fuel Cells Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrogen Fuel Cells Market Absolute $ Opportunity
5. Global Hydrogen 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. Hydrogen Fuel Cells Market Size and Volume Forecast by Type
5.3.1. Air-cooled Type
5.3.2. Water-cooled Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrogen 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. Hydrogen Fuel Cells Market Size and Volume Forecast by Application
6.3.1. Stationary
6.3.2. Transport
6.3.3. Portable
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrogen 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. Hydrogen 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 Hydrogen 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. Hydrogen 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 Hydrogen Fuel Cells Demand Share Forecast, 2019-2026
9. North America Hydrogen 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 Hydrogen 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 Hydrogen Fuel Cells Market Size and Volume Forecast by Application
9.4.1. Stationary
9.4.2. Transport
9.4.3. Portable
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrogen Fuel Cells Market Size and Volume Forecast by Type
9.7.1. Air-cooled Type
9.7.2. Water-cooled Type
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 Hydrogen Fuel Cells Demand Share Forecast, 2019-2026
10. Latin America Hydrogen 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 Hydrogen 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 Hydrogen Fuel Cells Market Size and Volume Forecast by Application
10.4.1. Stationary
10.4.2. Transport
10.4.3. Portable
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrogen Fuel Cells Market Size and Volume Forecast by Type
10.7.1. Air-cooled Type
10.7.2. Water-cooled Type
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 Hydrogen Fuel Cells Demand Share Forecast, 2019-2026
11. Europe Hydrogen 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 Hydrogen 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 Hydrogen Fuel Cells Market Size and Volume Forecast by Application
11.4.1. Stationary
11.4.2. Transport
11.4.3. Portable
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrogen Fuel Cells Market Size and Volume Forecast by Type
11.7.1. Air-cooled Type
11.7.2. Water-cooled Type
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 Hydrogen Fuel Cells Demand Share, 2019-2026
12. Asia Pacific Hydrogen 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 Hydrogen 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 Hydrogen Fuel Cells Market Size and Volume Forecast by Application
12.4.1. Stationary
12.4.2. Transport
12.4.3. Portable
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrogen Fuel Cells Market Size and Volume Forecast by Type
12.7.1. Air-cooled Type
12.7.2. Water-cooled Type
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 Hydrogen Fuel Cells Demand Share, 2019-2026
13. Middle East & Africa Hydrogen 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 Hydrogen 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 Hydrogen Fuel Cells Market Size and Volume Forecast by Application
13.4.1. Stationary
13.4.2. Transport
13.4.3. Portable
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrogen Fuel Cells Market Size and Volume Forecast by Type
13.7.1. Air-cooled Type
13.7.2. Water-cooled Type
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 Hydrogen Fuel Cells Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrogen Fuel Cells Market: Market Share Analysis
14.2. Hydrogen Fuel Cells Distributors and Customers
14.3. Hydrogen Fuel Cells Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fuel Cell Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Panasonic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Plug Power
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Intelligent Energy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyster-Yale Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ballard Power Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Doosan Fuel Cell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nedstack
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hydrogenics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pearl Hydrogen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sunrise Power
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
