Fuel Cell Market : Key Players – SFC, Hydrogenics, Panasonic, Nuvera, Ballard Power Systems, Toshiba, Nedstack, Doosan, Bloom Energy, Aisin Seiki, Plug Power, Arcola, Fuji Electric, Horizon Fuel Cell, AFC Energy

How is rapid urbanization shaping the growth prospects of global fuel cell market?

The fuel cell market is projected to garner substantial growth on account of rising investments geared towards developing hydrogen infrastructure and increasing adoption of fuel cell electric vehicles. Generally, fuel cells are capable of offering high efficiency, longer operating life, and compact size, driving its significance in the transport sector.
Meanwhile, growing prevalence of fuel cell electric vehicles have compelled various fuel cell manufacturers to invest in advanced R&D activities to improve the product’s technological specifications.

Proliferating demand for space heating from commercial as well as residential establishments could boost the fuel cell market size. In fact, several private and public organizations are looking to streamline their facilities by incorporating advanced hydrogen infrastructures. Such investments to develop hydrogen infrastructures could drive the demand for fuel cells over the coming years.

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Besides, growing industrial activities, particularly across emerging economies, and rapid advancements across urban localities might play a crucial role in expediting the overall industry growth. Supportive federal initiatives to promote the use of sustainable technologies could also expand the growth prospects of companies operating in the fuel cell industry.

Why are fuel cells gaining significant traction in portable consumer appliances?

Increasing application across diverse product range like radios, auxiliary power units, laptops, torches, skid-mounted generators, cameras, printers, portable soldier power units, and vine-trimmers has led to the demand for fuel cells.

Benefits like rapid-recharging, longer run time, lightweight, low operating cost and reliability are some of the major features that are stimulating industry growth. Additionally, constant developments done to improve product aesthetics and designs may help minimize overall product cost, massively enhancing fuel cell business outlook.

What are the factors impelling North America fuel cell market size?

Supportive federal norms geared towards curbing carbon emissions could significantly boost North America fuel cell industry, with a 13% growth estimated by the year 2026. The region is witnessing an exponential rise in commencement of hydrogen infrastructure development projects.
In addition, there are growing efforts and investments made to substitute conventional energy sources with green power sources, benefitting fuel cell companies with new growth opportunities. Taking 2018 for instance, the DOE invested more than USD 39 million to advance fuel cell devices and hydrogen infrastructures across the nation.

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How will the Japan fuel cell industry record revenue growth through 2026?

Increasing development of hydrogen infrastructure projects could enhance Japan fuel cell industry size. Apparently, the region witnessing constant demand for reliable supply of electricity, especially across remote locations.

This has influenced local regulatory bodies in Japan to adopt large-scale growth strategies to promote hydrogen as a viable alternative for fossil fuel. Various state-backed and privately funded R&D initiatives aimed towards improving the product’s operation and design could also enhance application spectrum of fuel cells in Japan.

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates and forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Fuel cell 3600 synopsis, 2015 – 2026

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Regional trends

Chapter 3 Fuel Cell Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2015 – 2026 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Innovation & sustainability

3.4.1 Ballard Power Systems

3.4.2 SFC Energy

3.4.3 Plug Power

3.4.4 AFC Energy

3.5 Regulatory landscape

3.5.1 U.S.

3.5.1.1 Fuel Cell and Hydrogen Energy Association (FCHEA)

3.5.1.1.1 Safety, Codes & Standards

3.5.1.2 CSA Fuel Cell Standards

3.5.1.3 SAE Fuel Cell Vehicle Safety Committee (automotive) enabling standards

3.5.1.4 NFPA 2: Hydrogen Technologies Code

3.5.1.5 Overview of Regulations, Codes, and Standards Related to Hydrogen Infrastructure Safety

3.5.2 Europe

3.5.2.1 Investments: Government and Collaborative Hydrogen and Fuel Cell Funding

3.5.3 Japan

3.5.3.1 Investments: Government and Collaborative Hydrogen and Fuel Cell Funding

3.5.3.2 Government Targets

3.5.4 South Korea

3.5.4.1 Government Targets

3.6 Hydrogen fuelling station across the U.S. (2018 & 2019)

3.6.1 Projected hydrogen fuelling stations across the U.S.

3.7 Industry impact forces

3.7.1 Growth drivers

3.7.1.1 Government positive outlook and incentives

3.7.1.2 Environment-friendly and a better alternative than existing options

3.7.1.3 More efficient than batteries

3.7.2 Industry pitfalls & challenges

3.7.2.1 Lack of infrastructure

3.8 Growth potential analysis

3.9 Key hydrogen station projects installed across countries

3.9.1 Australia

3.9.2 Austria

3.9.3 Belgium

3.9.4 Brazil

3.9.5 Canada

3.9.6 China

3.9.7 Denmark

3.9.8 France

3.9.9 India

3.9.10 Italy

3.9.11 Spain

3.9.12 South Korea

3.9.13 Japan

3.9.14 Sweden

3.10 Announced hydrogen stations across key countries

3.10.1 Australia

3.10.2 Canada

3.10.3 China

3.10.4 Denmark

3.10.5 England

3.10.6 France

3.10.7 Germany

3.10.8 Japan

3.10.9 South Korea

3.11 Porter’s Analysis

3.12 Competitive landscape, 2019

3.12.1 Strategy dashboard

3.12.1.1 Hydrogenics Corporation

3.12.1.2 Ballard Power Systems

3.12.1.3 FuelCell Energy

3.12.1.4 SFC Energy

3.12.1.5 Plug Power

3.13 PESTEL Analysis

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