Global Fuel Cell Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

Fuel cells are the devices that electrochemically convert chemical energy of fuel into electricity. These devices promote chemical reaction thereby combining hydrogen and oxygen to produce electricity, water, and heat. Fuel cells do not burn fuel and do not emit toxic gases; thus, they are pollution-free and more efficient than combustion technologies.

Fuel cells are employed in stationary powers, such as data centers, residential sites, and telecommunications; transportation powers, such as passenger cars, buses, fuel cell electric vehicles (FCEVs), specialty vehicles, material handling equipment (MHE), and others; and portable devices. Per the U.S. Department of Energy, more than 60,000 fuel cells accounting for 300 MW, were shipped worldwide in 2015 with 65% growth as compared with that in 2014.

The global fuel cell market is expected to grow at a CAGR of 15.5% from 2017 to 2025.

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Market Dynamics:
Drivers:
• Higher energy density in fuel cells compared with battery
• Requirement of more resilient energy systems
• Advantage over the backup power option
• New technologies in hydrogen storage
Restraints:
• High cost of catalyst
• Unavailability of fuel cell infrastructure in developing nations
Market Players:
The top players in the global solar energy market include AFC Energy PLC., Aisin Seiki Co. Ltd., Bloom Energy Corporation, Ceramic Fuel Cells Limited, Doosan Corporation, Fuelcell Energy, Inc., Hydrogenics Corporation, Kyocera Corporation, Panasonic Corporation, and Toshiba Corporation.

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Key Point From Table of content
7. Company profiles
7.1. AFC Energy PLC.
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Aisin Seiki Co. Ltd.
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Bloom Energy Corporation
7.3.1. Overview
7.3.2. Financials and business segments

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MARKET LANDSCAPE
By Type
• 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)
• Others

By Application
• Stationary
• Transportation
• Portable Power

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

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