Fuel Cell Market Revenue, Business Overview and Demand Analysis by Key Players – Plug Power, Proton Power Systems PLC, ITM Power Plc, AFC Energy Plc, Fuel Cell Energy Inc., SFC Energy, United Technologies, Hydrogenics

A fuel cell is a device that converts chemical energy into electrical energy through a chemical reaction of positively charged oxygen with hydrogen ion or another oxidizing agent. Fuel cells are different for batteries, as they require a source of fuel and oxygen or air to continue the chemical reaction. Fuel cells can produce electricity continuously for a long time as these inputs are supplied. Fuel cells have higher efficiency as compared to gas or diesel engines. Fuel cells operate silently as compared to other engines. They are therefore suited for use within buildings such as hospitals and others. Fuel cells eliminate pollution caused by burning fossil fuels. Fuel cells do not need conventional fuels such as oil or gas and can, therefore, reduce economic dependence on oil-producing countries, creating greater energy security for the user nation.

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The global fuel cell market is expected to grow at a CAGR of 17.36% from 2016 to 2022 to reach $8,643 million by 2022 from $2,894 million in 2015.

The fuel cell market is expected to register substantial growth in the near future, attributed to strict government regulations to curtail increasing pollution. Moreover, the increase in the distributed power system and high efficiency of fuel cells are the drivers for the fuel cell market. However, factors such as lack of fuel cell infrastructure and high cost of catalyst leading to a higher cost of fuel cells are likely to restrain the growth of the fuel cell market. Demand for fuel cell vehicles and new technology in fuel cells are opportunities for fuel cell market.

Top market players profiled in the report include
Ballard Power Systems Inc.
Plug Power Inc.
Proton Power Systems PLC
ITM Power Plc
AFC Energy Plc
Fuel Cell Energy Inc.
SFC Energy
United Technologies
Hydrogenics
Fuji Electric India Pvt. Ltd.

The report segments the fuel cell market on the basis of application, type, and geography. On the basis of application, the market is segmented into stationary, portable, and transport. Based on type, the market is divided into solid oxide fuel cell (SOFC), Hydrogen fuel cell, polymer exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), phosphoric acid fuel cell (PAFC), and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The detailed segments and sub-segment of the Fuel Cell Market are explained below:

By Product Type
Slid oxide Fuel Cells (SFC)
Proton Exchange Membrane Fuel Cells (PEMFC)
Molten Carbonate Fuel Cells
Phosphoric Acid Fuel Cells
others (Direct Methanol Fuel Cells, Alkaline Fuel Cells, Direct Carbon Fuel Cells)

By Application:
Portable
Stationary
Transport

By Geography
North America
Europe
Asia-Pacific
LAMEA

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4. GLOBAL FUEL CELL MARKET, BY TYPE
Chapter: 5 GLOBAL FUEL CELL MARKET BY APPLICATION
Chapter: 6 GLOBAL FUEL CELL MARKET BY GEOGRAPHY
Chapter: 7 COMPANY PROFILES
7.1 BALLARD POWER SYSTEMS INC.
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segment
7.1.4 Business Performance
7.1.5 Key Strategic Moves And Development

7.2 PLUG POWER INC.
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segment
7.2.4 Business Performance
7.2.5 Key Strategic Moves And Development

7.3 PROTON POWER SYSTEMS PLC
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segment
7.3.4 Business Performance
7.3.5 Key Strategic Moves And Development

7.4 ITM POWER PLC
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segment
7.4.4 Business Performance
7.4.5 Key Strategic Moves And Development

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{Please note that owing to the criticality of the Global Fuel Cell Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation to cater to the most recent updates. }

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