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Global Fuel Cell Market Size, Share & Analysis Report 2032

07-26-2023 09:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Data Library

Market Data Library

Market Data Library

Fuel cells are highly efficient devices that convert chemical energy from a fuel source into electrical energy, leaving behind only water and heat as byproducts. Growing concerns about climate change and the need for clean energy solutions are driving the demand for fuel cells in various sectors, including transportation, power generation, and residential applications. The market is witnessing significant technological advancements, such as the development of solid oxide fuel cells and hydrogen fuel cells, which are expected to further propel market growth in the coming years.

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Global fuel cell market will reach $41,143.1 million by 2031, growing by 21% annually over 2021-2031 driven by the increasing need for clean power generation, stringent norms on greenhouse gas (GHG) emission across the globe, increasing R&D grants and government incentives, and the mounting environmental concerns and expanding urbanization.

Highlighted with 101 tables and 83 figures, this 177-page report "Global Fuel Cell Market 2021-2031 by Product (PEMFC, PAFC, SOFC, MCFC, DMFC, AFC), Capacity (200 Kw or below, above 200 Kw), Application (Stationary, Transportation, Portable), End User, and Region: Trend Forecast and Growth Opportunity" is based on comprehensive research of the entire global fuel cell market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

-Market Structure

-Growth Drivers

-Restraints and Challenges

-Emerging Product Trends & Market Opportunities

-Porter's Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global fuel cell market in every aspect of the classification from perspectives of Product, Capacity, Application, End User, and Region.

Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn), capacity (MW), and volume (units) for 2021-2031 included in each section.

-Proton Exchange Membrane Fuel Cell (PEMFC)

-Phosphoric Acid Fuel Cell (PAFC)

-Solid Oxide Fuel Cell (SOFC)

-Molten Carbonate Fuel Cell (MCFC)

-Direct Methanol Fuel Cell (DMFC)

-Alkaline Fuel Cell (AFC)

-Other Fuel Cells

Based on Capacity, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

-Small Scale (Up to 200 Kw)

-Large Scale (Above 200 Kw)

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Key Benefits for Industry Participants & Stakeholders:

-Industry drivers, restraints, and opportunities covered in the study

-Neutral perspective on the market performance

-Recent industry trends and developments

-Competitive landscape & strategies of key players

-Potential & niche segments and regions exhibiting promising growth covered

-Historical, current, and projected market size, in terms of value

-In-depth analysis of the Global Fuel Cell Market

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn), capacity (MW), and volume (units) for 2021-2031 included in each section.

-Stationary

-Transportation

-Portable

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

-Transportation

-Utilities & Government/Municipal Institutes

-Residential

-Commercial & Industrial

-Data Centers

-Military & Defense

Geographically, the following regions together with the listed national/local markets are fully investigated:

-North America (U.S., Canada, and Mexico)

-Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

-APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

-South America (Brazil, Chile, Argentina, Rest of South America)

-MEA (Israel, Saudi Arabia, South Africa and Rest of MEA)

Start with a Free Sample Download: https://marketdatalibrary.com/download-sample/4126

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Product, Capacity and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Ballard Power Systems Inc.

Bloom Energy Corp.

Ceres Power Holdings PLC

Cummins Inc.

Doosan Fuel Cell America, Inc.

FuelCell Energy Inc.

Horizon Fuel Cell Technologies Pte. Ltd.

Hydrogenics Corporation

Intelligent Energy Limited

Mitsubishi Hitachi Power Systems Ltd.

Nedstack Fuel Cell Technology BV

Nuvera Fuel Cells Inc. (Nuvera Fuel Cells LLC)

Panasonic Corporation

Plug Power Inc.

PowerCell Sweden AB

SFC Energy AG

To view Top Players, Segmentation and other Statistics of Global Fuel Cell Industry, Get Free Customization Report: https://marketdatalibrary.com/free-customization/4126

About Market Data Library:

Market Data Library is committed to providing clients with high-quality market research that is tailored to their specific needs. The Market Data Library provides corporate intelligence studies that ensure reliable and accurate research data across a diverse range of industries, including Health Care, Chemicals, Packaging, ICT, Automotive, Industrial Automation, Agriculture, and Finance. Our team is comprised of various departments, including sales, operations, finance, research, and analytics, as well as the scientist and data scientist teams. Our business offerings portray the most up-to-date, rational information a company needs to compete effectively. To guarantee that our clients have access to information and insights whenever they need them, we provide 24/7 research support.

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