Fuel Cells for Marine Vessels Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Apr 2024

Pages: 172

SKU: IRTNTR43046

Snapshot

Fuel Cells for Marine Vessels Market Size 2024-2028

The fuel cells for marine vessels market size is forecast to increase by USD 188.58 million and is estimated to grow at a CAGR of 6.82% between 2023 and 2028. The market experiences rising demand driven by escalating research and development efforts in fuel cell technology, the uptake of AIP technology, and the emergence of hybrid propulsion systems. This surge is propelled by the quest for cleaner energy solutions and enhanced efficiency in various sectors. Fuel cell technology, with its potential for sustainable power generation, attracts substantial R&D investments, fostering innovation and market growth. Additionally, the adoption of Air Independent Propulsion (AIP) technology in naval vessels enhances operational capabilities and extends underwater endurance, driving demand in the maritime sector. Furthermore, the advent of hybrid propulsion systems, blending traditional and electric power sources, addresses environmental concerns while improving performance, fuel efficiency, and range in automotive and marine applications. These trends collectively contribute to the market's dynamic evolution and expansion.

Market Overview :

The commercial is fastest-growing segment during the forecast year
The commercial segment was the largest segment and was valued at USD 173.80 million in 2018
APAC is most dominating region during the forecast period
The report delves into rapid advancements in marine propulsion, the uptake of AIP technology, and competition from alternative technologies in the industry. It provides comprehensive insights into the evolving landscape of marine propulsion, emphasizing emerging trends, technological innovations, and competitive dynamics.

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Market Trends

A key factor shaping market growth is the adoption of AIP technology. Air-independent propulsion (AIP) refers to a technology to power the propulsion system of marine vessels, including submarines, through fuel cells. In addition, it allows non-nuclear submarines to operate without the need to surface for oxygen. Moreover, non-nuclear submarines typically run on battery power as opposed to nuclear ones, which use onboard nuclear reactors to generate power.

In addition, this enhances the stealth capabilities of non-nuclear submarines owing to their low acoustic signature. Furthermore, nuclear submarines, on the other hand, generate some noise produced by operations in the nuclear reactor. Therefore, AIP technology can further enhance the stealth capabilities of non-nuclear submarines when they use fuel cells. Hence, such factors are driving the market growth during the forecast period.

Market Largest-Growing Segments

The market witnesses continual advancements in fuel cell technology driven by private companies, offering solutions like solid oxide fuel cells, molten carbonate fuel cells, and phosphoric acid fuel cells. These innovations contribute to the marine fuel cell industry, addressing concerns regarding greenhouse gas emissions and the transition away from conventional internal combustion engines. With a focus on decarbonization and energy efficiency, fuel cells play a crucial role in reducing global GHG emissions across various sectors, including the shipping industry and port operations.

Commercial Segment

There is an increasing demand for zero-emission power for applications such as marine propulsion and auxiliary and cold ironing requirements in commercial vessels to meet environmental goals, including zero-emission, and water protection. In addition, fuel cells and batteries are the only promising options for ship-based zero-emission power production.

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Moreover, for the propulsion system based on an electric architecture, electric power systems are combined together to meet the total power requirement. In addition, the combined power system includes hybrid architectures of battery and combustion engine, battery and fuel cell, or combustion engine with fuel cell and battery. Furthermore, a hybrid power system architecture, including fuel cells and batteries, is suitable for smaller vessels, such as ferries. Therefore, for auxiliary power requirements, the waste heat and water produced by the fuel cell can be utilized. Hence, such factors are fuelling the growth of the segment which in turn will drive the market growth during the forecast period.

Market Regional Analysis

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APAC is estimated to contribute 38% 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. In North America, the US pioneered the deployment of fuel cell technology, and the first commercial use of fuel cells was for the National Aeronautics and Space Administration (NASA) space programs. In addition, over the last few years, the US Navy has initiated multiple programs to incorporate fuel cell technology into naval vessels.

Furthermore, the country is investing extensively in developing hydrogen fuel cell technology and supports technology innovations through robust concept-to-commercialization policies. Furthermore, the US also aims to improve the power generation capabilities of fuel cells to keep pace with the evolving future marine platforms that demand greater agility. Hence, such factors are driving the market growth in North America during the forecast period.

Market Dynamics and Customer Landscape

In the market, compliance with environmental laws drives innovation for reducing emissions, tackling challenges such as vibration and noise while enhancing endurance and range. This technology finds applications in various sectors, including commercial fleet operations, where PEM fuel cell products power buses and trucks, as well as ships. With a focus on sustainability and performance, fuel cells offer promising solutions for reducing environmental impact across transportation and maritime industries. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.

Key Drivers of the Market

One of the key factors driving the fuel cells for marine vessels market growth is the rapid developments in the marine propulsion industry. Several market players operating in this domain remain strongly committed to strengthening their market position and improving their competitive edge in the global marine energy market. In addition, to achieve this objective, they emphasize developing products and services that are reliable, efficient, and cost-effective.

Moreover, governments of different countries have set stringent regulatory policies regarding emissions, which has propelled the global shipping sector to concentrate on fuel systems that have minimal environmental footprint throughout their lifecycle. Therefore, market players are directing a substantial proportion of their investments in product development that complies with environmental regulations and provides short- and long-term benefits. Hence, such factors are driving the market growth during the forecast period.

Significance Challenges of Market

Competition from alternative technologies is one of the key challenges hindering the fuel cells for marine vessels market growth. Due to the availability of alternative technologies, such as clean power technologies and energy storage, such as batteries and ICEs, which are commercially established, the global fuel cells for marine vessels market is highly competitive, and the threat of substitutes is high. Therefore, the widespread adoption of fuel cells is challenging.

For instance, energy storage systems such as batteries have been gaining popularity due to the rising need for backup power, the increasing adoption of renewables, and the declining costs of battery technology. In addition, rooftop solar PV systems have gained prominence in power generation owing to their availability and scalability at various power ranges. Hence, such factors are hindering the market growth during the forecast period.

Market Customer Landscape

The market growth and forecasting includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. The market forecast focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting 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.

ABB Ltd: The company offers fuel cells for marine vessels, such as hydrogen proton exchange membrane fuel cells.

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 research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Application Outlook
- Commercial
- Military
- Others
Technology Outlook
- PEMFC
- SOFC
- Other fuel cells
Geography Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview:

In the market, various types like Direct Methanol Fuel Cells and Alkaline Fuel Cells cater to diverse needs, especially in sectors like defense aiming for reduction of emissions. Challenges include ensuring fuel accessibility and addressing technical difficulties while considering space and weight restrictions. The development of infrastructure is crucial to overcome hurdles and expand production capacities. With a global presence and a focus on environmental pollution, fuel cells offer promising solutions, although verified deployments remain limited due to factors like resilience and upkeep.

Further, the market faces challenges like ensuring fuel availability and supply and optimizing the density of energy to enhance efficiency. Despite advancements, few verified deployments hinder widespread adoption, especially in sectors like primary propulsion, where power output is critical. Import export analysis reveals global trade dynamics, while companies focus on expanding production sites and facilities to meet demand. Diversifying product width and breadth remains crucial for market growth, highlighting the need for continuous innovation and investment in fuel cell technology.

Market Scope
Report Coverage	Details
Page number	172
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.82%
Market Growth 2024-2028	USD 188.58 million
Market structure	Fragmented
YoY growth 2023-2024(%)	6.36
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 38%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., Advent Technologies Holdings Inc., Ballard Power Systems Inc., Bloom Energy Corp., Cummins Inc., Echandia Marine AB, General Electric Co., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., MEYER WERFT GmbH and Co. KG, Nedstack Fuel Cell Technology BV, Nuvera Fuel Cells LLC, Plug Power Inc., Proton Motor Power Systems PLC, SFC Energy AG, Siemens AG, Sunfire GmbH, TECO 2030 ASA, Watt Fuel Cell Corp., and Toshiba Corp.
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, 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 North America, APAC, Europe, Middle East and Africa, and South America
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

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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 Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
- 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 cells for marine vessels market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global fuel cells for marine vessels market 2018 - 2022 ($ million)

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

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

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography 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 Application

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

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

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

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

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

7 Market Segmentation by Technology

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

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

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

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

7.6 Market opportunity by Technology
- Exhibit 64: Market opportunity by Technology ($ million)
- Exhibit 65: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2023-2028 (%)
- Exhibit 68: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 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 (%)

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

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

9.7 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 (%)

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

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

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

9.11 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 (%)

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

9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: 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 113: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption

11.4 Industry risks
- Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 117: Vendors covered

12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification

12.3 ABB Ltd.
- Exhibit 119: ABB Ltd. - Overview
- Exhibit 120: ABB Ltd. - Business segments
- Exhibit 121: ABB Ltd. - Key offerings
- Exhibit 122: ABB Ltd. - Segment focus

12.4 Advent Technologies Holdings Inc.
- Exhibit 123: Advent Technologies Holdings Inc. - Overview
- Exhibit 124: Advent Technologies Holdings Inc. - Product / Service
- Exhibit 125: Advent Technologies Holdings Inc. - Key offerings

12.5 Ballard Power Systems Inc.
- Exhibit 126: Ballard Power Systems Inc. - Overview
- Exhibit 127: Ballard Power Systems Inc. - Product / Service
- Exhibit 128: Ballard Power Systems Inc. - Key news
- Exhibit 129: Ballard Power Systems Inc. - Key offerings

12.6 Bloom Energy Corp.
- Exhibit 130: Bloom Energy Corp. - Overview
- Exhibit 131: Bloom Energy Corp. - Product / Service
- Exhibit 132: Bloom Energy Corp. - Key news
- Exhibit 133: Bloom Energy Corp. - Key offerings

12.7 General Electric Co.
- Exhibit 134: General Electric Co. - Overview
- Exhibit 135: General Electric Co. - Business segments
- Exhibit 136: General Electric Co. - Key news
- Exhibit 137: General Electric Co. - Key offerings
- Exhibit 138: General Electric Co. - Segment focus

12.8 Hyster Yale Materials Handling Inc.
- Exhibit 139: Hyster Yale Materials Handling Inc. - Overview
- Exhibit 140: Hyster Yale Materials Handling Inc. - Business segments
- Exhibit 141: Hyster Yale Materials Handling Inc. - Key offerings
- Exhibit 142: Hyster Yale Materials Handling Inc. - Segment focus

12.9 MEYER WERFT GmbH and Co. KG
- Exhibit 143: MEYER WERFT GmbH and Co. KG - Overview
- Exhibit 144: MEYER WERFT GmbH and Co. KG - Product / Service
- Exhibit 145: MEYER WERFT GmbH and Co. KG - Key offerings

12.10 Nedstack Fuel Cell Technology BV
- Exhibit 146: Nedstack Fuel Cell Technology BV - Overview
- Exhibit 147: Nedstack Fuel Cell Technology BV - Product / Service
- Exhibit 148: Nedstack Fuel Cell Technology BV - Key offerings

12.11 Plug Power Inc.
- Exhibit 149: Plug Power Inc. - Overview
- Exhibit 150: Plug Power Inc. - Product / Service
- Exhibit 151: Plug Power Inc. - Key offerings

12.12 Proton Motor Power Systems PLC
- Exhibit 152: Proton Motor Power Systems PLC - Overview
- Exhibit 153: Proton Motor Power Systems PLC - Product / Service
- Exhibit 154: Proton Motor Power Systems PLC - Key offerings

12.13 SFC Energy AG
- Exhibit 155: SFC Energy AG - Overview
- Exhibit 156: SFC Energy AG - Business segments
- Exhibit 157: SFC Energy AG - Key news
- Exhibit 158: SFC Energy AG - Key offerings
- Exhibit 159: SFC Energy AG - Segment focus

12.14 Siemens AG
- Exhibit 160: Siemens AG - Overview
- Exhibit 161: Siemens AG - Business segments
- Exhibit 162: Siemens AG - Key news
- Exhibit 163: Siemens AG - Key offerings
- Exhibit 164: Siemens AG - Segment focus

12.15 TECO 2030 ASA
- Exhibit 165: TECO 2030 ASA - Overview
- Exhibit 166: TECO 2030 ASA - Product / Service
- Exhibit 167: TECO 2030 ASA - Key offerings

12.16 Toshiba Corp.
- Exhibit 168: Toshiba Corp. - Overview
- Exhibit 169: Toshiba Corp. - Business segments
- Exhibit 170: Toshiba Corp. - Key offerings
- Exhibit 171: Toshiba Corp. - Segment focus

12.17 Watt Fuel Cell Corp.
- Exhibit 172: Watt Fuel Cell Corp. - Overview
- Exhibit 173: Watt Fuel Cell Corp. - Product / Service
- Exhibit 174: Watt Fuel Cell Corp. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources

13.5 List of abbreviations
- Exhibit 181: 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?
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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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