Fuel Cell Market by Product, Application, and Geography - Forecast and Analysis 2021-2025
- Published: Aug 2021
- Pages: 120
- SKU: IRTNTR43911
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The fuel cell market has the potential to grow by 1584.77 MW during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 23.44%.
This fuel cell market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (PEMFC, PAFC, SOFC, and others), application (transport, stationary, and portable), and geography (Americas, APAC, and EMEA). The fuel cell market report also offers information on several market vendors, including Aisin Corp, Ballard Power Systems Inc., Bloom Energy Corp., Doosan Corp., FuelCell Energy Inc., Fuji Electric Co. Ltd., Mitsubishi Heavy Industries Ltd., Plug Power Inc., PowerCell Sweden AB, and SFC Energy AG among others.
What will the Fuel Cell Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Fuel Cell Market
Fuel Cell Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for efficient and clean energy sources is notably driving the fuel cell market growth, although factors such as the high cost of fuel cell may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the fuel cell market industry get your FREE report sample now.
This fuel cell market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Fuel Cell Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aisin Corp
- Ballard Power Systems Inc.
- Bloom Energy Corp.
- Doosan Corp.
- FuelCell Energy Inc.
- Fuji Electric Co. Ltd.
- Mitsubishi Heavy Industries Ltd.
- Plug Power Inc.
- PowerCell Sweden AB
- SFC Energy AG
The fuel cell market is fragmented and the vendors are deploying growth strategies such as developing technologically advanced offerings to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the fuel cell market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Fuel Cell Market?
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56% of the market’s growth will originate from Americas during the forecast period. The US is the key market for fuel cell market in Americas. Market growth in this region will be faster than the growth of the market in APAC.
High support from the federal government in the US for the development and installation of fuel cells will facilitate the fuel cell market growth in Americas over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating Product Segments in the Fuel Cell Market?
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The fuel cell market share growth by the PEMFC segment will be significant during the forecast period. PEMFCs are preferred owing to their higher efficiency and reliability. As a result, governments are subsidizing fuel cell systems and making them eligible for feed-in tariffs. This is driving the installation of PEMFCs in the residential and commercial building sectors.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel cell market size.
What are the Key Factors Covered in this Fuel Cell Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive fuel cell market growth during the next five years
- Precise estimation of the fuel cell market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the fuel cell market industry across Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fuel cell market vendors
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- South Korea (Republic of Korea)
- Growing demand for efficient and clean energy sources
- Increasing R&D activities
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