-- Fuel Cell Technology Market to rise at highest CAGR and reach remarkable market value during 2019 and 2024 due to growing public private relationships, rising prices of crude oil and increasing demand for fuel cells from applications such as power suppliers, automobile, residential builders and electronic companies, according to Global Fuel Cell Technology Market 2019 Industry Report published by “Market Research Future”. Global Fuel Cell Technology Market, by Fuel types (Hydrogen, Methanol, Methane), by Method (AFC, MFC, MCFC, DCFC), by Application (Stationary, Transportation), by Country (Germany, UK) - Global Forecast 2024
Key Players:
Some of the major market players in Global Fuel Cell Technology Market include AFC Energy PLC; Ceres power Holdings PLC, Genport SRL, SFC Energy AG, TOPSOE Fuel cell, and Ned stack fuel cell Technology among others.
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Fuel cell generates clean energy to serve all general electric needs as the process involves electricity generation other than combustion technology. Fuel cell technology is gaining traction due to increased demand for reliable alternative energy, resulting in a global fuel cell technology market to grow at a higher CAGR. In the reports by Market Research Future (MRFR), the fuel cell technology market is expected to witness tremendous growth driven by technology in the forecast period by 2024. The cause of its development includes several factors which are driving the market to spread on a global level significantly.
A fuel cell is a kind of battery which generates electricity from an electrochemical reaction. It uses an external supply which works continuously as long as it is supplied hydrogen and oxygen. In the process of oxidation, hydrogen by making chemical reaction with oxygen and release water which is used in the process where electrons is released and hence produce electric current. There are various types of fuel cells such as Proton exchange membrane (PEM), Solid oxide fuel cells (SOFC), among others.
Concerns over growing ecology issues are prompting the need for alternative energy generation sources that can output cleaner energy. Fuel cell delivers less or zero-emission without burning its fuel, which is allowing fuel cell technology to garner its market value with promising phenomenal future aspects.
Segment Analysis:
Global Fuel cell technology market can be segmented into fuel types, method, applications and by country.
Global Fuel cell technology market by Fuel types:
Hydrogen
Natural gas/ Methane
Methanol
Anaerobic Digester gas
Others
Global Fuel cell technology market by Method:
Polymer/ Proton exchange membrane fuel cells (PEM)
Solid oxide fuel cells (SOFC)
Molten carbonate fuel cells (MCFC)
Phosphoric acid fuel cells (PAFC)
Direct methanol fuel cells (DMFC)
Alkaline fuel cells (AFC)
Direct carbon fuel cells (DCFC)
Zinc air fuel cells (ZAFC)
Protonic ceramic fuel cells (PCFC)
Microbial fuel cells (MFC)
Others
Global Fuel cell technology market by Applications:
Stationary
Transportation
Portable electronics
Others
Regional Analysis:
The fuel cell technology has covered the regions of North America, Europe, APAC and the rest of the world.
A strategy proposed by Europe with The EU202 briefly focused on improving the infrastructure along with decreasing the cost of the fuel cells. This augments the demand for the fuel cell technology market.
On the other hand, Germany has a strong hold over the market having several small and large companies such as Siemens Westinghouse, and SFC Energy. These eventually are providing a futuristic scope for the fuel cell technology market to grow.
The Asia Pacific region has gained the most substantial revenue generator for fuel cell technology. Also, various government policies and regulations is another prominent factor that is allowing the market to achieve tremendous growth.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAP
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL FUEL CELL TECHNOLOGY MARKET
5 INDUSTRY OVERVIEW OF GLOBAL FUEL CELL TECHNOLOGY MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL FUEL CELL TECHNOLOGY MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA FUEL CELL TECHNOLOGY MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE FUEL CELL TECHNOLOGY MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC FUEL CELL TECHNOLOGY MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA FUEL CELL TECHNOLOGY MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA FUEL CELL TECHNOLOGY MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 GLOBAL FUEL CELL TECHNOLOGY MARKET SEGMENTATIONFIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL FUEL CELL TECHNOLOGY MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL FUEL CELL TECHNOLOGY MARKET
FIGURE 5 SHARE OF GLOBAL FUEL CELL TECHNOLOGY MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL FUEL CELL TECHNOLOGY MARKET, 2017-2023,
Continued…
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