Fuel Cells for Marine Vessels Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43046
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The fuel cells for marine vessels market has the potential to grow by USD 142.14 million during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 6.40%.

This fuel cells for marine vessels 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 technology (PEMFC, SOFC, and other fuel cells) and geography (North America, APAC, Europe, MEA, and South America). The fuel cells for marine vessels market report also offers information on several market vendors, including Bloom Energy Corp., Dynad International BV, Hyster-Yale Materials Handling Inc., Plug Power Inc., PowerCell Sweden AB, Proton Power Systems plc, SFC Energy AG, Siemens AG, Toshiba Corp., and Watt Fuel Cell Corp. among others.

What will the Fuel Cells for Marine Vessels Market Size be in 2021?

Fuel-Cells-For-Marine-Vessels-Market-Market-Size-2020-2025

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Fuel Cells for Marine Vessels 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 demand for alternate propulsion systems is notably driving the fuel cells for marine vessels market growth, although factors such as issues in designs of propulsion systems may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the fuel cells for marine vessels market get your FREE report sample now.

This fuel cells for marine vessels 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 Cells for Marine Vessels Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Bloom Energy Corp.
  • Dynad International BV
  • Hyster-Yale Materials Handling Inc.
  • Plug Power Inc.
  • PowerCell Sweden AB
  • Proton Power Systems plc
  • SFC Energy AG
  • Siemens AG
  • Toshiba Corp.
  • Watt Fuel Cell Corp.

 

The fuel cells for marine vessels market is fragmented and the vendors are deploying various organic and inorganic growth strategies 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 cells for marine vessels 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 Cells for Marine Vessels Market?

Fuel-Cells-For-Marine-Vessels-Market-Market-Share-by-Region-2020-2025

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38% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for fuel cells for marine vessels in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increase in R&D activities in marine propulsion industry will facilitate the fuel cells for marine vessels market growth in APAC 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 Technology Segments in the Fuel Cells for Marine Vessels Market?

Fuel-Cells-For-Marine-Vessels-Market-Market-Share-by-Technology-2020-2025

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The fuel cells for marine vessels market share growth by the PEMFC segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of 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 cells for marine vessels market size.

 

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What are the Key Factors Covered in this Fuel Cells for Marine Vessels Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fuel cells for marine vessels market growth during the next five years
  • Precise estimation of the fuel cells for marine vessels market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fuel cells for marine vessels industry across North America, APAC, Europe, MEA, and South America 
  • 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 cells for marine vessels market vendors

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Fuel Cells For Marine Vessels Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6%

Market growth 2021-2025

$ 142.14 million

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, Japan, Germany, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bloom Energy Corp., Dynad International BV, Hyster-Yale Materials Handling Inc., Plug Power Inc., PowerCell Sweden AB, Proton Power Systems plc, SFC Energy AG, Siemens AG, Toshiba Corp., and Watt Fuel Cell Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • PEMFC - Market size and forecast 2020-2025
    • SOFC - Market size and forecast 2020-2025
    • Other fuel cells - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Bloom Energy Corp.
    • Dynad International BV
    • Hyster-Yale Materials Handling Inc.
    • Plug Power Inc.
    • PowerCell Sweden AB
    • Proton Power Systems plc
    • SFC Energy AG
    • Siemens AG
    • Toshiba Corp.
    • Watt Fuel Cell Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION 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
    Technavio

    TechnavioDATA 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
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The fuel cells for marine vessels market growth will increase by $64.91 million during 2019-2024.
    The fuel cells for marine vessels market is expected to grow at a CAGR of 4.20% during 2019-2024.
    Technavio has segmented the fuel cells for marine vessels market by technology (PEMFC, SOFC, and Other fuel cells) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (North America, APAC, Europe, and South America).
    Bloom Energy, Dynad International BV, Hyster-Yale Materials Handling Inc., PowerCell Sweden AB, Proton Power Systems plc, SerEnergy AS, SFC Energy AG, Siemens AG, Toshiba Corp., Watt Fuel Cell Corp. are a few of the key vendors in the fuel cells for marine vessels market.
    APAC will register the highest growth rate of 38.73% among the other regions. Therefore, the fuel cells for marine vessels market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the fuel cells for marine vessels market growth are:
    • Demand for alternate propulsion systems
    • Emergence of 3D holograms
    The fuel cells for marine vessels market vendors should focus on grabbing business opportunities from the pemfc segment as it accounted for the largest market share in the base year.
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