Fuel Cell Technology Market Size, Growth 2019 Merger, Share, Competitive Analysis, Trends, Key Players, Regional, And Global Industry Forecast To 2023

Fuel Cell Technology Market to Rise at 14.5% CAGR and reach remarkable value by 2023, according Global Fuel Cell Technology Market Analysis Report published by Market Research Future. Fuel Cell Technology Market by Type, Application (Stationary, Portable and Transportation), Region with Forecast to 2023.

Pune, India - July 9, 2019 /MarketersMedia/ —

Fuel Cell Technology Market to Rise at 14.5% CAGR and reach remarkable value by 2023, according Global Fuel Cell Technology Market Analysis Report published by Market Research Future. Fuel cells are electrochemical cells which generate electric energy from fuel through an electrochemical reaction. Global Fuel Cell Technology Industry Report analyzes Market for Fuel Cell Technology by Type (PEMFC, MCFC, SOFC, DMFC, PAF and Others), Application (Stationary, Portable and Transportation), Region with Forecast to 2023.

Major Fuel Cell Technology Companies covered in the market report include Nedstack Fuel Cell Technology, TOPSOE Fuel cell, SFC Energy AG, Genport SRL, Ceres Power Holdings PLC, and AFC Energy PLC among others.

Get Free Sample “Fuel Cell Technology Market Research – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/798

Global Market Highlights:

The global fuel cell technology market is estimated to have a favorable growth at a 14.5% CAGR over the forecast period (2017-2024), reveals the latest Market Research Future (MRFR) report.

Fuel cells are electrochemical cells which generate electric energy from fuel through an electrochemical reaction. They need a constant input of oxidizing agents (usually oxygen) and fuel to sustain the reactions which generate the electricity. Fuel cells can generate electricity consistently until the oxygen and fuel supply is cut off. These devices are used as a primary or secondary source of power for different facilities, including residential building, commercial buildings, and industries.

Fuel cells are available in different types-polymer electrolyte membrane (PEM) fuel cell, phosphoric acid fuel cell (PAFC), solid acid fuel cell (SAFC), alkaline fuel cell (AFC), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC), and direct methanol fuel cell (DMFC). All fuel cells function on the same basic configuration- two electrodes and an electrolyte, but the fuel cells are different, mainly based on the type of electrolyte used.

Various factors are pushing the growth of the fuel cell technology market. These factors, in accordance to the Market Research Future (MRFR) report, include increasing need for clean energy, shift towards generating renewable energy, government initiatives, the advent of latest technologies, and rising demand for fuel cell automobiles. Additional factors pushing the market demand include the demand for various remote power applications such as personal electronic products, consumer products, and APU, the advantage of back-up power options, and ongoing research and development. Extensive application of PEMFC (proton/polymer exchange membrane fuel cell) in forklifts, backup power centers, data centers, and automobiles is also likely to drive market growth.

On the contrary, lack of proper fuel infrastructure, coupled with high catalyst cost, are factors that may impede the fuel cell technology market growth over the forecast period.

Fuel Cell Technology Industry Segments:

The Market Research Future report offers a wide segmental analysis of the fuel cell technology market based on type and application.

Based on type, the fuel cell technology market is segmented into PAFC, DMFC, SOFC, MCFC, PEMFC, and others. Of these, the MCFC segment will have the largest share in the market over the forecast period. This is owing to the rapid growth of end-use industries and good investment.

Based on application, the fuel cell technology market is segmented into transportation, portable, stationary, and others. Of these, the stationary segment will dominate the market over the forecast period. This is owing to the use of direct current, flexibility to use different fuels, and high efficiency.

Regional Analysis:

Asia Pacific will spearhead the market over the forecast period. South Korea and Japan are the key contributors here.

The fuel cell technology market in North America will have a favorable growth and will maintain its dominance over the forecast period. This is owing to the high utilization of fuel cell technology in the region and growing technological advancement.

The fuel cell technology market in Europe is predicted to maintain a competitive edge over the forecast period.

In the Rest of the World, the fuel cell technology market is predicted to grow at a slower pace over the forecast period owing to low awareness about the technology.

TABLE OF CONTENTS:

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Fuel Cell Technology Market, By Type

6.1 Introduction

6.2 PEMFC

6.2.1 Market Estimates & Forecast, 2017-2024

6.2.2 Market Estimates & Forecast, By Region, 2018-2024

6.3 MCFC

6.3.1 Market Estimates & Forecast, 2017-2024

6.3.2 Market Estimates & Forecast, By Region, 2018-2024

6.4 SOFC

6.4.1 Market Estimates & Forecast, 2017-2024

6.4.2 Market Estimates & Forecast, By Region, 2018-2024

6.5 DMFC

6.5.1 Market Estimates & Forecast, 2017-2024

6.5.2 Market Estimates & Forecast, By Region, 2018-2024

6.6 PAFC

6.6.1 Market Estimates & Forecast, 2017-2024

6.6.2 Market Estimates & Forecast, By Region, 2018-2024

6.7 Others

6.7.1 Market Estimates & Forecast, 2017-2024

6.7.2 Market Estimates & Forecast, By Region, 2018-2024

7 Global Fuel Cell Technology Market, By Application

7.1 Introduction

7.2 Stationary

7.2.1 Market Estimates & Forecast, 2017-2024

7.2.2 Market Estimates & Forecast, By Region, 2018-2024

7.3 Portable

7.3.1 Market Estimates & Forecast, 2017-2024

7.3.2 Market Estimates & Forecast, By Region, 2018-2024

7.4 Transportation

7.4.1 Market Estimates & Forecast, 2017-2024

7.4.2 Market Estimates & Forecast, By Region, 2018-2024

8 Global Fuel Cell Technology Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, By Type, 2017-2024

8.2.2 Market Estimates & Forecast, By Type, 2017-2024

8.2.3 Market Estimates & Forecast, By Application, 2017-2024

8.2.4 Market Estimates & Forecast, By Country, 2017-2024

8.2.5 US

Continued…

LIST OF TABLES:

Table 1 Global Fuel Cell Technology Market: By Region, 2018-2023

Table 2 North America Fuel Cell Technology Market: By Country, 2018-2023

Table 3 Europe Fuel Cell Technology Market: By Country, 2018-2023

Table 4 Asia-Pacific Fuel Cell Technology Market: By Country, 2018-2023

Table 5 RoW Fuel Cell Technology Market: By Country, 2018-2023

Continued…

LIST OF FIGURES:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top-Down & Bottom-Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued…

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