Fuel Cell Market Analysis North America,Europe,APAC,Middle East and Africa,South America - US,Japan,China,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 181

SKU: IRTNTR43911

Snapshot

Fuel Cell Market Size 2023-2027

The fuel cell market size is estimated to increase by USD 13.63 billion and grow at a CAGR of 23.29% between 2022 and 2027. Market expansion hinges on various factors, such as the rising demand for effective and eco-friendly energy sources, increasing government incentives aimed at boosting the utilization of fuel cell vehicles, and the associated environmental advantages. Challenges include the steep expense of fuel cells, difficulties related to the establishment of hydrogen refueling infrastructure, and competition from alternative technologies. Overcoming these obstacles necessitates innovative approaches to reduce fuel cell costs, streamline the development of hydrogen refueling facilities, and differentiate fuel cell technology from competing alternatives. By addressing these challenges effectively, the market can capitalize on its growth drivers and establish a resilient position in the rapidly evolving energy landscape, contributing to sustainable and environmentally friendly transportation solutions.

To learn more about this report, View Report Sample

Fuel Cell Market Trends

The growing embrace of microgrids is a key trend in the fuel cell market. Microgrids are small-scale electricity networks with their own generation and storage resources, often using renewable sources like wind and solar to reduce reliance on fossil fuels. They can operate independently or in coordination with larger grids. Microgrids play a crucial role in ensuring consumer safety during blackouts and enhancing energy security, especially in areas prone to power outages.

Microgrids are gaining traction, especially in industrial and commercial sectors where even brief power interruptions can lead to substantial revenue losses. Recognizing their reliability, utilities are entering the microgrid business to counter their potential impact. By owning and investing in microgrids, utilities can capitalize on their advantages. This expansion allows utilities to enhance energy resilience, provide reliable power, and generate revenue, driving the growth of the global fuel cell market in the forecast period.

Market Segmentation

Market Overview :

The market segmentation by Product categories as (PEMFC, PAFC, SOFC, and others)
The Application segment consists of (transport, stationary, and portable),
PEMFC is fastest growing segment during the forecast year
The PEMFC was the largest segment and valued at USD 1.26 billion in 2017
The Regional Analysis consists of North America, Europe, APAC, Middle East and Africa, and South America
Europe is is most dominating region during the forecast period
It also includes an in-depth analysis of drivers (factors influencing market growth), trends (emerging patterns or shifts in consumer behavior), and challenges (barriers or obstacles faced by the industry)

Product Analysis

The market share growth by the PEMFC segment will be significant during the forecast period. Proton Exchange Membrane Fuel Cells (PEMFC) use a water-based and acidic polymer electrolyte in the form of a thin, permeable sheet. It uses platinum-based electrodes as a catalyst and operates at lower temperatures than other fuel cells. These features make them efficient for use in various applications, such as vehicles and stationary applications, which require power within a short time of being operational.

Get a glance at the market contribution of various segments View the PDF Sample

PEMFCs are also called polymer electrolyte membrane fuel cells. In these fuel cells, electrons are separated from the protons of the hydrogen fuel on the surface of a platinum-based catalyst at the anode. The electrons then travel in an external circuit to generate the electrical output while the protons pass through the membrane toward the cathode. PEMFCs have various advantages in these fuel cells, which include fast start-up time, low operating temperature, compactness, sustainable operations in high energy density, and low emissions.

Market Regional Analysis

For more insights on the market share of various regions Download PDF Sample now!

Europe is estimated to contribute 33% 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 market in North America is expected to witness a steady growth rate during the forecast period. The US is the leading contributor to the growth of the market in the region. It accounts for the largest share of shipments globally as well. Clean energy-based technologies are eligible for both state and federal incentives. Fuel cell technology enables companies to remove their dependence on grid power and have a reliable source of energy. In addition, their total carbon footprint is reduced. In mission-critical areas, where continuous power is needed, fuel cells are also being deployed, and their energy costs account for a significant part of the cost.

Market Dynamics and Customer Landscape

The market is thriving with advancements in PEM fuel cell, DMFCs, and SOFCs, supported by a robust regulatory framework and initiatives like the EV campaign. Companies like Equinix are investing in water management to enhance efficiency, reducing carbon emissions and the carbon footprint. Fuel cell vehicles and FCEVs are gaining momentum, bolstered by organizations such as the IEA and UPS. Innovations like Tri-gen systems and bloom energy servers are driving the adoption of hydrogen-powered fuel, contributing to the growth of the fuel cell market and promoting clean energy technologies. Initiatives like the Ene-Farm program and collaborations between Ceres/Bosch are further propelling the utilization of PEMFCs in various sectors, including data centers, emphasizing the importance of reducing environmental impact and advancing sustainable solutions.

Key Market Driver
The growing demand for efficient and clean energy sources is driving growth in the market. Fuel cells have emerged as an efficient and reliable alternate technology for electricity generation, heating, and other prime power applications, as they can supply heat and power with high efficiency. They are available in various sizes and power output capacities and are scalable in nature, making them highly compatible with providing prime power. They do not involve a combustion process in converting fuel into electricity, and they generate power by an electrochemical reaction. Emission levels may range between zero and almost zero, depending on fuel sources.

Additionally, these emissions are not harmful, and they predominantly take the form of water and heat, including neutropoxide or particulate matter. The most dominant source of energy generation in the world is fossil fuels. One of the biggest sources of global CO2 emissions that have a high negative environmental impact is coal. Therefore, the adoption of cleaner and more efficient power sources is increasing to mitigate climate change amid growing environmental concerns which would strengthen the demand for the market in focus during the forecast period.

Major Market Challenge
One of the main challenges encountered by the market is high cost of fuel cell. The high cost of producing hydrogen fuel is due to electrolysis, the process to produce hydrogen from water is expensive and necessitates a large amount of energy. Also, the construction and maintenance costs for hydrogen fueling stations are very high. In addition, lack of infrastructure, complex and expensive materials like platinum catalysts, along with low economies of scale are the contributing factors that are hindering the growth of the fuel cell 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Major Fuel Cell 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 fuel cells such as Fcgen Lcs Mea and FCveloCity 9SSL Mea.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Product Outlook
- PEMFC
- PAFC
- SOFC
- Others
Application Outlook
- Transport
- Stationary
- Portable
Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa
- South America
  - Chili
  - Argentina
  - Brazil

Market Analyst Overview

The market is witnessing significant growth, driven by increasing demand for efficient and clean energy sources like PEM fuel cells and SOFCs. Initiatives such as the EV campaign and adoption of FCEVs are bolstering market expansion, supported by organizations like the IEA. Companies like Equinix are investing in fuel cell technology for data centers to reduce GHG emissions and achieve zero emissions. The market sees innovations in various fuel cell types, like solid oxide fuel cells and microbial fuel cells, catering to diverse sectors, including residential and transportation. Government incentives such as subsidies and tax breaks incentivize adoption, while startups bring fresh perspectives, enhancing public awareness and accelerating the transition to clean energy technologies.

The market is experiencing significant advancements, driven by various technologies such as PEM fuel cells, solid oxide fuel cells, and microbial fuel cells. Fuel cell manufacturers are focusing on innovations in water management to enhance efficiency and sustainability. Connecticut and other regions are witnessing a surge in contracts and expansions, leading to reduced environmental impact and lower carbon emissions. Companies like Bloom Energy are pioneering the development of bloom energy servers and Tri-gen systems, utilizing hydrogen-powered fuel to cater to the transportation sector. The market is witnessing increased adoption of Fuel Cell Electric Vehicles alongside battery-electric vehicles, supported by initiatives like the Ene-Farm program and projects led by Ceres/Bosch. With ongoing regulatory frameworks and support from organizations like FCH JU, the fuel cell market is poised for substantial growth in the era of Combined Heat and Power and clean energy technologies.

Fuel Cell Market Scope
Report Coverage	Details
Page number	181
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 23.29%
Market growth 2023-2027	USD 13.63 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	22.58
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 33%
Key countries	US, Japan, China, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ballard Power Systems Inc., Bloom Energy Corp., Ceres Power Holdings plc, Doosan Corp., FuelCell Energy Inc., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Intelligent Energy Ltd., KYOCERA Corp., Mitsubishi Heavy Industries Ltd., Niterra Co. Ltd., Panasonic Holdings Corp., Plug Power Inc., PowerCell Sweden AB, Proton Motor Fuel Cell GmbH, SFC Energy AG, Toshiba Corp., Watt Fuel Cell Corp., and Fuji Electric Co. Ltd.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our Market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View PDF Sample

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 market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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

Get in touch

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 Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- 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 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global fuel cell market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global fuel cell market 2017 - 2021 ($ million)

4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

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

6.3 PEMFC - Market size and forecast 2022-2027
- Exhibit 34: Chart on PEMFC - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on PEMFC - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on PEMFC - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on PEMFC - Year-over-year growth 2022-2027 (%)

6.4 PAFC - Market size and forecast 2022-2027
- Exhibit 38: Chart on PAFC - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on PAFC - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on PAFC - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on PAFC - Year-over-year growth 2022-2027 (%)

6.5 SOFC - Market size and forecast 2022-2027
- Exhibit 42: Chart on SOFC - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on SOFC - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on SOFC - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on SOFC - Year-over-year growth 2022-2027 (%)

6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Product
- Exhibit 50: Market opportunity by Product ($ million)
- Exhibit 51: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 52: Chart on Application - Market share 2022-2027 (%)
- Exhibit 53: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 54: Chart on Comparison by Application
- Exhibit 55: Data Table on Comparison by Application

7.3 Transport - Market size and forecast 2022-2027
- Exhibit 56: Chart on Transport - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Transport - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Transport - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Transport - Year-over-year growth 2022-2027 (%)

7.4 Stationary - Market size and forecast 2022-2027
- Exhibit 60: Chart on Stationary - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Stationary - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Stationary - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Stationary - Year-over-year growth 2022-2027 (%)

7.5 Portable - Market size and forecast 2022-2027
- Exhibit 64: Chart on Portable - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Portable - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Portable - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Portable - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Application
- Exhibit 68: Market opportunity by Application ($ million)
- Exhibit 69: Data Table on Market opportunity by Application ($ 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 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

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

9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Japan - Market size and forecast 2022-2027
- Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 UK - Market size and forecast 2022-2027
- Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.12 China - Market size and forecast 2022-2027
- Exhibit 111: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on China - Year-over-year growth 2022-2027 (%)

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 2022 and 2027

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 Ballard Power Systems Inc.
- Exhibit 123: Ballard Power Systems Inc. - Overview
- Exhibit 124: Ballard Power Systems Inc. - Product / Service
- Exhibit 125: Ballard Power Systems Inc. - Key news
- Exhibit 126: Ballard Power Systems Inc. - Key offerings

12.4 Bloom Energy Corp.
- Exhibit 127: Bloom Energy Corp. - Overview
- Exhibit 128: Bloom Energy Corp. - Product / Service
- Exhibit 129: Bloom Energy Corp. - Key news
- Exhibit 130: Bloom Energy Corp. - Key offerings

12.5 Ceres Power Holdings plc
- Exhibit 131: Ceres Power Holdings plc - Overview
- Exhibit 132: Ceres Power Holdings plc - Business segments
- Exhibit 133: Ceres Power Holdings plc - Key news
- Exhibit 134: Ceres Power Holdings plc - Key offerings
- Exhibit 135: Ceres Power Holdings plc - Segment focus

12.6 Doosan Corp.
- Exhibit 136: Doosan Corp. - Overview
- Exhibit 137: Doosan Corp. - Business segments
- Exhibit 138: Doosan Corp. - Key offerings
- Exhibit 139: Doosan Corp. - Segment focus

12.7 FuelCell Energy Inc.
- Exhibit 140: FuelCell Energy Inc. - Overview
- Exhibit 141: FuelCell Energy Inc. - Product / Service
- Exhibit 142: FuelCell Energy Inc. - Key offerings

12.8 Fuji Electric Co. Ltd.
- Exhibit 143: Fuji Electric Co. Ltd. - Overview
- Exhibit 144: Fuji Electric Co. Ltd. - Business segments
- Exhibit 145: Fuji Electric Co. Ltd. - Key offerings
- Exhibit 146: Fuji Electric Co. Ltd. - Segment focus

12.9 General Motors Co.
- Exhibit 147: General Motors Co. - Overview
- Exhibit 148: General Motors Co. - Business segments
- Exhibit 149: General Motors Co. - Key news
- Exhibit 150: General Motors Co. - Key offerings
- Exhibit 151: General Motors Co. - Segment focus

12.10 Honda Motor Co. Ltd.
- Exhibit 152: Honda Motor Co. Ltd. - Overview
- Exhibit 153: Honda Motor Co. Ltd. - Business segments
- Exhibit 154: Honda Motor Co. Ltd. - Key news
- Exhibit 155: Honda Motor Co. Ltd. - Key offerings
- Exhibit 156: Honda Motor Co. Ltd. - Segment focus

12.11 Hyundai Motor Co.
- Exhibit 157: Hyundai Motor Co. - Overview
- Exhibit 158: Hyundai Motor Co. - Business segments
- Exhibit 159: Hyundai Motor Co. - Key news
- Exhibit 160: Hyundai Motor Co. - Key offerings
- Exhibit 161: Hyundai Motor Co. - Segment focus

12.12 Mitsubishi Heavy Industries Ltd.
- Exhibit 162: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 163: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 164: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 165: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 166: Mitsubishi Heavy Industries Ltd. - Segment focus

12.13 Niterra Co. Ltd.
- Exhibit 167: Niterra Co. Ltd. - Overview
- Exhibit 168: Niterra Co. Ltd. - Business segments
- Exhibit 169: Niterra Co. Ltd. - Key offerings
- Exhibit 170: Niterra Co. Ltd. - Segment focus

12.14 Panasonic Holdings Corp.
- Exhibit 171: Panasonic Holdings Corp. - Overview
- Exhibit 172: Panasonic Holdings Corp. - Business segments
- Exhibit 173: Panasonic Holdings Corp. - Key news
- Exhibit 174: Panasonic Holdings Corp. - Key offerings
- Exhibit 175: Panasonic Holdings Corp. - Segment focus

12.15 Plug Power Inc.
- Exhibit 176: Plug Power Inc. - Overview
- Exhibit 177: Plug Power Inc. - Product / Service
- Exhibit 178: Plug Power Inc. - Key offerings

12.16 PowerCell Sweden AB
- Exhibit 179: PowerCell Sweden AB - Overview
- Exhibit 180: PowerCell Sweden AB - Product / Service
- Exhibit 181: PowerCell Sweden AB - Key offerings

12.17 SFC Energy AG
- Exhibit 182: SFC Energy AG - Overview
- Exhibit 183: SFC Energy AG - Business segments
- Exhibit 184: SFC Energy AG - Key news
- Exhibit 185: SFC Energy AG - Key offerings
- Exhibit 186: SFC Energy AG - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 187: Inclusions checklist
- Exhibit 188: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 189: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 190: Research methodology
- Exhibit 191: Validation techniques employed for market sizing
- Exhibit 192: Information sources

13.5 List of abbreviations
- Exhibit 193: 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

Purchase Report

PURCHASE FULL REPORT OF

fuel cell market market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
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?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis