Fuel Cell For Prime Power Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, South Korea, Japan, China, Germany - Size and Forecast 2024-2028

Published: Feb 2024

Pages: 173

SKU: IRTNTR70255

Snapshot

Fuel Cell for Prime Power Market Forecast 2024-2028

The fuel cell for prime power market size is forecast to increase by USD 1,103.62 million, at a CAGR of 12.78% between 2023 and 2028. The market research and growth report includes historic market data from 2018-2022. The market is witnessing a growing demand due to market trends and analysis such as the growing preference for self-generation of electricity, the emergence of hybrid power systems, and the development of zero-energy homes.

Market Overview :

The commercial segment is fastest fastest-growing segment during the forecast year
The commercial segment was the largest segment and valued at USD 319.74 million in 2018
APAC is the most dominating region during the forecast period
The market analysis and report also includes an in-depth analysis of the development of hydrogen economy, the emergence of hybrid power systems, and the rising adoption of gas generators.

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Market Trends

The emergence of hybrid power systems is the primary trend shaping market growth. Hybrid power systems often integrate fuel cells with renewable energy sources such as solar and wind. This combination allows for continuous power generation, even when weather conditions are not favorable for renewable energy production. Hybrid systems frequently incorporate energy storage solutions, such as batteries or supercapacitors, alongside fuel cells. Energy storage helps store excess energy generated during periods of high availability and discharge it during peak demand or when renewable sources are not producing. The versatility of hybrid systems allows for optimization based on varying load profiles.

Additionally, fuel cells can provide consistent baseload power, while energy storage and renewable sources handle peak demands, resulting in an overall more efficient and flexible power generation solution. Furthermore, advancements in control systems and intelligent algorithms play a crucial role in the efficient operation of hybrid power systems. These systems optimize the utilization of different energy sources based on real-time conditions and demand. Thus, the emergence of hybrid power systems will impel the growth of the market during the forecast period.

Market Largest-Growing Segments

Commercial Segment Analysis

Fuel cells can provide a continuous and reliable power supply, making them suitable for critical applications in commercial settings where interruptions can result in operational disruptions and financial losses. Further, fuel cell systems can be designed to be compact and space-efficient, allowing for installation in commercial buildings where space may be limited or where specific space constraints exist. Moreover, commercial facilities can use fuel cells to achieve a degree of grid independence, reducing reliance on the external power grid.

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Additionally, fuel cells can be employed for peak shaving, helping to manage demand during periods of high electricity usage and potentially reducing utility costs. Advanced fuel cell systems often come with remote monitoring and control capabilities. This feature allows commercial operators to monitor system performance, receive alerts, and adjust settings remotely, contributing to efficient operation and maintenance. Thus, factors such as continuous and reliable power supply, high electrical efficiency, and grid independence, along with peak shaving, will drive the growth of the commercial segment and the market during the forecast period.

Market Regional Analysis

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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC market is poised for rapid growth, driven by technological advancements and increased investment. Fuel cells offer a reliable solution for meeting rising energy demands amid economic growth and urbanization. Supportive government policies and initiatives, like India's 'Make in India' and South Korea's hydrogen cities project, bolster market expansion. Fuel cells address diverse energy challenges, enhance energy security, and meet the growing demand for sustainable power sources in the APAC region. Thus, such factors will contribute to the growth of the regional market during the forecast period.

Market Dynamic

Key Drivers of the Market

The development of a hydrogen economy is the key factor driving market growth. The shift toward a hydrogen economy often involves a focus on 'green hydrogen' produced using renewable energy sources, such as wind or solar power, through a process called electrolysis. Green hydrogen is a clean and sustainable fuel for fuel cells, contributing to the reduction of carbon emissions from prime power. Fuel cells in the prime power market benefit from this diversification as they become part of a more resilient and sustainable energy ecosystem. The power-to-gas concept involves using excess renewable energy to produce hydrogen through electrolysis.

Additionally, the development of a hydrogen economy encourages the integration of fuel cells into hybrid power systems. These systems may combine fuel cells with other renewable energy sources, batteries, or traditional generators to optimize power generation based on demand and resource availability. Thus, the development of the hydrogen economy will boost market growth during the forecast period.

Significance Challenges of Market

The rising adoption of gas generators is a challenge that affects market growth. Multiple emission norms have been introduced in several countries, such as China, India, Japan, the UK, and the US, to limit the emission of harmful pollutants from such devices. Therefore, alternative generators, including gas generators, have emerged as a strong substitute for diesel generators, which serve a similar purpose to fuel cells. Instead of adopting fuel cells, consumers are inclined toward gas generators, as these are available at comparatively lower prices.

Furthermore, dual-fuel generators are also being offered in the market. The performance of dual-fuel generators is similar to diesel fuel; diesel has higher energy content and emits fewer pollutants. In countries with high natural gas production, such as the US, the adoption of gas generators is significantly high. Therefore, the low upfront cost of gas generators will drive the growth of the market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ballard Power Systems Inc.: The company offers Ballards fuel cell power products that deliver proven durability, reliability, and power density with the lowest total cost of ownership.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market growth and forecasting report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2018 to 2028.

End-user Outlook
- Commercial
- Residential
- Industrial

Product Outlook
- PEMFC
- PAFC
- SOFC
- Others

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview:

The market is experiencing significant growth driven by favorable government policies and subsidies encouraging research and development. With increasing interest in fuel cell vehicles (FCEVs) and infrastructure development, organizations like the International Energy Agency (IEA) are actively promoting the expansion of hydrogen refueling stations. Additionally, storage issues remain a challenge, particularly in the transport sector, where concerns over weight and volume impact the efficiency and safety of fuel cell systems compared to traditional petroleum-fueled vehicles. However, ongoing advancements in components and materials are improving refueling time and performance, making fuel cells an attractive option for backup power in critical facilities like data centers.

Furthermore, commercial and industrial end users, including companies like Equinix, are increasingly adopting fuel cells for power generation applications. Various types of fuel cells, such as proton exchange membrane fuel cells (PEM), offer different advantages, including efficient water management and compact structures with quick startup time. Consequently, fuel cells are gaining traction in both stationary power applications and transportation, with ongoing research focusing on enhancing efficiency and reliability while addressing challenges related to storage, safety, and water management in various fuel cell technologies.

Market Scope
Report Coverage	Details
Page number	173
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 12.78%
Market growth 2024-2028	USD 1,103.62 million
Market structure	Fragmented
YoY growth 2023-2024(%)	12.26
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 39%
Key countries	US, South Korea, Japan, China, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	AFC Energy PLC, Ballard Power Systems Inc., Bloom Energy Corp., Ceres Power Holdings plc, Convion Ltd., Cummins Inc., Doosan Corp., EBZ SE, FuelCell Energy Inc., Fuji Electric Co. Ltd., GenCell Ltd., Inocel, Intelligent Energy Ltd., Kyocera Corp., Mitsubishi Heavy Industries Ltd., Plug Power Inc., PowerCell Sweden AB, RedHawk Energy Systems LLC, SFC Energy AG, and TW Horizon Fuel Cell Technologies
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements.

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Fuel Cell for Prime Power Market 2024-2028 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global fuel cell for prime power market 2024-2028 2018 - 2022 ($ million)

4.2 End-user Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)

4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ million)

4.4 Region Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Region Segment 2018 - 2022 ($ million)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)

6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user

6.3 Commercial - Market size and forecast 2023-2028
- Exhibit 34: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Commercial - Year-over-year growth 2023-2028 (%)

6.4 Residential - Market size and forecast 2023-2028
- Exhibit 38: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Residential - Year-over-year growth 2023-2028 (%)

6.5 Industrial - Market size and forecast 2023-2028
- Exhibit 42: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 43: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Industrial - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by End-user
- Exhibit 46: Market opportunity by End-user ($ million)
- Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 48: Chart on Product - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Product - Market share 2023-2028 (%)

7.2 Comparison by Product
- Exhibit 50: Chart on Comparison by Product
- Exhibit 51: Data Table on Comparison by Product

7.3 PEMFC - Market size and forecast 2023-2028
- Exhibit 52: Chart on PEMFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on PEMFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on PEMFC - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on PEMFC - Year-over-year growth 2023-2028 (%)

7.4 PAFC - Market size and forecast 2023-2028
- Exhibit 56: Chart on PAFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on PAFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on PAFC - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on PAFC - Year-over-year growth 2023-2028 (%)

7.5 SOFC - Market size and forecast 2023-2028
- Exhibit 60: Chart on SOFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on SOFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on SOFC - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on SOFC - Year-over-year growth 2023-2028 (%)

7.6 Others - Market size and forecast 2023-2028
- Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.7 Market opportunity by Product
- Exhibit 68: Market opportunity by Product ($ million)
- Exhibit 69: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2023-2028 (%)
- Exhibit 72: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 South Korea - Market size and forecast 2023-2028
- Exhibit 99: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on South Korea - Year-over-year growth 2023-2028 (%)

9.10 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.11 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.12 China - Market size and forecast 2023-2028
- Exhibit 111: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 112: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 113: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on China - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 AFC Energy PLC
- Exhibit 123: AFC Energy PLC - Overview
- Exhibit 124: AFC Energy PLC - Product / Service
- Exhibit 125: AFC Energy PLC - Key news
- Exhibit 126: AFC Energy PLC - Key offerings

12.4 Ballard Power Systems Inc.
- Exhibit 127: Ballard Power Systems Inc. - Overview
- Exhibit 128: Ballard Power Systems Inc. - Product / Service
- Exhibit 129: Ballard Power Systems Inc. - Key news
- Exhibit 130: Ballard Power Systems Inc. - Key offerings

12.5 Bloom Energy Corp.
- Exhibit 131: Bloom Energy Corp. - Overview
- Exhibit 132: Bloom Energy Corp. - Product / Service
- Exhibit 133: Bloom Energy Corp. - Key news
- Exhibit 134: Bloom Energy Corp. - Key offerings

12.6 Ceres Power Holdings plc
- Exhibit 135: Ceres Power Holdings plc - Overview
- Exhibit 136: Ceres Power Holdings plc - Business segments
- Exhibit 137: Ceres Power Holdings plc - Key news
- Exhibit 138: Ceres Power Holdings plc - Key offerings
- Exhibit 139: Ceres Power Holdings plc - Segment focus

12.7 Convion Ltd.
- Exhibit 140: Convion Ltd. - Overview
- Exhibit 141: Convion Ltd. - Product / Service
- Exhibit 142: Convion Ltd. - Key news
- Exhibit 143: Convion Ltd. - Key offerings

12.8 Cummins Inc.
- Exhibit 144: Cummins Inc. - Overview
- Exhibit 145: Cummins Inc. - Business segments
- Exhibit 146: Cummins Inc. - Key offerings
- Exhibit 147: Cummins Inc. - Segment focus

12.9 Doosan Corp.
- Exhibit 148: Doosan Corp. - Overview
- Exhibit 149: Doosan Corp. - Business segments
- Exhibit 150: Doosan Corp. - Key offerings
- Exhibit 151: Doosan Corp. - Segment focus

12.10 EBZ SE
- Exhibit 152: EBZ SE - Overview
- Exhibit 153: EBZ SE - Product / Service
- Exhibit 154: EBZ SE - Key offerings

12.11 FuelCell Energy Inc.
- Exhibit 155: FuelCell Energy Inc. - Overview
- Exhibit 156: FuelCell Energy Inc. - Product / Service
- Exhibit 157: FuelCell Energy Inc. - Key offerings

12.12 Fuji Electric Co. Ltd.
- Exhibit 158: Fuji Electric Co. Ltd. - Overview
- Exhibit 159: Fuji Electric Co. Ltd. - Business segments
- Exhibit 160: Fuji Electric Co. Ltd. - Key offerings
- Exhibit 161: Fuji Electric Co. Ltd. - Segment focus

12.13 GenCell Ltd.
- Exhibit 162: GenCell Ltd. - Overview
- Exhibit 163: GenCell Ltd. - Product / Service
- Exhibit 164: GenCell Ltd. - Key offerings

12.14 Intelligent Energy Ltd.
- Exhibit 165: Intelligent Energy Ltd. - Overview
- Exhibit 166: Intelligent Energy Ltd. - Product / Service
- Exhibit 167: Intelligent Energy Ltd. - Key offerings

12.15 Mitsubishi Heavy Industries Ltd.
- Exhibit 168: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 169: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 170: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 171: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 172: Mitsubishi Heavy Industries Ltd. - Segment focus

12.16 Plug Power Inc.
- Exhibit 173: Plug Power Inc. - Overview
- Exhibit 174: Plug Power Inc. - Product / Service
- Exhibit 175: Plug Power Inc. - Key offerings

12.17 TW Horizon Fuel Cell Technologies
- Exhibit 176: TW Horizon Fuel Cell Technologies - Overview
- Exhibit 177: TW Horizon Fuel Cell Technologies - Product / Service
- Exhibit 178: TW Horizon Fuel Cell Technologies - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 179: Inclusions checklist
- Exhibit 180: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 181: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 182: Research methodology
- Exhibit 183: Validation techniques employed for market sizing
- Exhibit 184: Information sources

13.5 List of abbreviations
- Exhibit 185: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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