0

Fuel Cells for Marine Vessels Market by Technology, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 170
  • SKU: IRTNTR43046
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The fuel cells for marine vessels market is estimated to grow at a CAGR of 6.88% between 2022 and 2027. The size of the market is forecast to increase by USD 179.57 million. The growth of the market depends on serval factors, including demand for alternate propulsion systems, rapid developments in the marine propulsion industry, and regulatory policies on emission control.

This report extensively covers market segmentation by technology (PEMFC, SOFC, and other fuel cells), application (commercial, military, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Fuel Cells For Marine Vessels Market During the Forecast Period?

Fuel Cells for Marine Vessels Market Size

To learn more about this report, Download Report Sample

Parent Market Analysis

The reports categorize the global fuel cells for marine vessels market as a part of the global construction machinery and heavy trucks market. The global construction machinery and heavy trucks market covers a variety of product categories, including heavy-duty trucks, marine vessels, compact earthmoving equipment, road construction and compaction equipment, crushing and screening equipment, concrete equipment, civil engineering equipment, lifting equipment, fuel cells, and other related equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Fuel Cells For Marine Vessels Market: Key Drivers, Trends, Challenges, and Customer Landscape

The demand for alternate propulsion systems is notably driving the market growth, although factors such as issues in the designs of propulsion systems may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Fuel Cells For Marine Vessels Market Driver

One of the key factors driving the market growth is the demand for alternate propulsion systems. A shift toward alternative propulsion systems has been observed in recent years. Conventional systems are typically based on diesel engines and gas turbines which are non-renewable resources of energy that are scarce and subject to price fluctuations. Additionally, they release harmful gases on combustion, and the operation of diesel engines generates considerable noise and vibration. The engines also require regular maintenance, thereby resulting in high operational costs.

Owing to such disadvantages, marine vessel operators are increasingly switching to other propulsion systems such as electric propulsion systems. Electric propulsion systems power not only the propellers but also the ship's other electrical systems such as computers, lighting, radar, and communication equipment. This advantage contributes to the increasing adoption of electric propulsion systems. 

Significant Fuel Cells For Marine Vessels Market Trend

Another key factor driving the market growth is the adoption of AIP technology. Air-independent propulsion (AIP) is a technology to power the propulsion system of marine vessels, such as submarines, through fuel cells. It allows non-nuclear submarines to operate without the need to surface for oxygen. Non-nuclear submarines typically run on battery power as opposed to nuclear ones, which use onboard nuclear reactors to generate power. This enhances the stealth capabilities of non-nuclear submarines owing to their low acoustic signature. AIP technology can further enhance the stealth capabilities of non-nuclear submarines when they use fuel cells.

Fuel cells have no moving parts and enable silent power generation to facilitate quieter operation. Fuel cells, such as PAFCs and PEMFCs, are used in some submarines. Currently, France is developing a next-generation fuel cell as a successor of MESMA AIP. Similarly, India is also developing a fuel cell-based AIP system that can be integrated into submarines.

Major Fuel Cells For Marine Vessels Market Challenge

Issues in the designs of propulsion systems are one of the key challenges hindering  market growth. Technical problems are triggered in combustion systems, generators, batteries, and the electric motor in terms of factors such as weight, charge rate, battery life, and size. The development of the propulsion system of marine vessels considers multiple aspects such as power, drivability, emissions, infrastructure support, cost, and energy efficiency. As the energy required by marine vessels is immense, it is extremely difficult to drive an entire ship only on renewable propulsion systems.

Further, to enhance energy efficiency, fuel cell propulsion systems are introduced in the marine propulsion setup by integrating advanced technologies in various components and sub-components. This mechanism uses different power sources in combination with energy storage devices to deliver optimum performance. However, the introduction of such new design issues and system solutions challenge the existing rules and regulations. Hence, the development of compact fuel cell systems that comply with regulative developments is facing challenges.

Key Fuel Cells For Marine Vessels Market Customer Landscape

The 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.

Fuel Cells for Marine Vessels Market Share by Geography

Global Fuel Cells for Marine Vessels Market Customer Landscape

Who are the Major Fuel Cells for Marine Vessels Market Vendors?

Vendors 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.

Bloom Energy Corp. - The company offers fuel cells for marine vessels such as Bloom Energy solid oxide fuel cell platform. The company produces fuel cells for ships which help them obtain immediate emissions reductions for the cleanest and most efficient operation by utilizing liquefied natural gas (LNG) as the primary fuel source.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Echandia Marine AB
  • Fiskerstrand Verft AS
  • General Electric Co.
  • Hyster Yale Materials Handling Inc.
  • Intelligent Energy Ltd.
  • MEYER WERFT GmbH and Co. KG
  • Nedstack Fuel Cell Technology BV
  • Plug Power Inc.
  • PowerCell Sweden AB
  • Proton Motor Power Systems PLC
  • SFC Energy AG
  • Siemens AG
  • Sunfire GmbH
  • TOSHIBA CORP
  • Watt Fuel Cell Corp.

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Fuel Cells For Marine Vessels Market?

The market share growth of the PEMFC segment will be significant during the forecast period. Proton exchange membrane fuel cell (PEMFC) or polymer electrolyte membrane (PEM) fuel cells cater to maritime transport applications and can be fixed or portable. PEMFC technology has steadily evolved to offer greater operational flexibility, durability, and affordability which reduced the cost of the fuel cells and expanded their scope of application.

Fuel Cells for Marine Vessels Market Size

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

The PEMFC segment was valued at USD 230.96 million in 2017 and continue to grow by 2021Direct methanol PEMFC (DMPEMFC) are subcategories of PEMFC, which differ in their operating temperatures. DMPEMFC offers the benefit of easy transportation of methanol under all environmental conditions and is capable of operating efficiently at high temperatures and pressures. Owing to such advantages, the overall market for PEMFC for marine vessels is expected to grow steadily over the forecast period.

Which are the Key Regions for the Fuel Cells For Marine Vessels Market?

Fuel Cells for Marine Vessels Market Share by Geography

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

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.

The US pioneered the deployment of fuel cell technology, and the first commercial use of fuel cells was for the National Aeronautics and Space Administrations (NASA) space programs. Over the last few years, the US Navy has initiated multiple programs to incorporate fuel cell technology into naval vessels. In addition, for transport applications, including seaways, the US DOE focuses on direct hydrogen fuel cells, where onboard hydrogen storage is supplied by a hydrogen generation, delivery, and fueling infrastructure, thereby reducing the country's dependence on imported petroleum. Factors such as the revival of the US Federal Investment Tax Credit for stationary fuel cell systems and the availability of individual state incentives and regulations drive the growth of the fuel cells market for stationary applications in the country.

North America was one of the primary regions that were severely affected by the COVID-19 pandemic. However, several new fuel cell projects are under progress across North America. Thus, the regional market is expected to witness steady growth during the forecast period.

Segment Overview

The 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. The market has been segmented by Technology (PEMFC, SOFC, and Other fuel cells), Application (Commercial, Military, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America).

  • Technology Outlook (USD Million, 2017 - 2027)
    • PEMFC
    • SOFC
    • Other fuel cells
  • Application Outlook (USD Million, 2017 - 2027)
    • Commercial
    • Military
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Fuel Cells For Marine Vessels Market Scope

Report Coverage

Details

Page number

170

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.88%

Market growth 2023-2027

USD 179.57 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.77

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Advent Technologies Holdings Inc., Ballard Power Systems Inc., Bloom Energy Corp., Dynad International BV, Echandia Marine AB, Fiskerstrand Verft AS, General Electric Co., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., MEYER WERFT GmbH and Co. KG, Nedstack Fuel Cell Technology BV, Plug Power Inc., PowerCell Sweden AB, Proton Motor Power Systems PLC, SFC Energy AG, Siemens AG, Sunfire GmbH, 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 recovery analysis and future consumer dynamics, and Market condition analysis for the 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.

Request PDF sample

What are the Key Data Covered in this Fuel Cells For Marine Vessels Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the fuel cells for marine vessels market between 2023 and 2027
  • Precise estimation of the fuel cells for marine vessels market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, APAC, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of fuel cells for marine vessels market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Technology
    • 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 cells for marine vessels market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global fuel cells for marine vessels market 2017 - 2021 ($ million)
    • 4.2 Technology Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Technology 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 Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 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 SOFC - Market size and forecast 2022-2027
      • Exhibit 38: Chart on SOFC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on SOFC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on SOFC - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on SOFC - Year-over-year growth 2022-2027 (%)
    • 6.5 Other fuel cells - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Other fuel cells - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Other fuel cells - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Other fuel cells - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Other fuel cells - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Technology
      • Exhibit 46: Market opportunity by Technology ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 Commercial - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.4 Military - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Military - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Military - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Military - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Military - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 63: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: 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 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 116: ABB Ltd. - Overview
              • Exhibit 117: ABB Ltd. - Business segments
              • Exhibit 118: ABB Ltd. - Key news
              • Exhibit 119: ABB Ltd. - Key offerings
              • Exhibit 120: ABB Ltd. - Segment focus
            • 12.4 Advent Technologies Holdings Inc.
              • Exhibit 121: Advent Technologies Holdings Inc. - Overview
              • Exhibit 122: Advent Technologies Holdings Inc. - Product / Service
              • Exhibit 123: Advent Technologies Holdings Inc. - Key offerings
            • 12.5 Bloom Energy Corp.
              • Exhibit 124: Bloom Energy Corp. - Overview
              • Exhibit 125: Bloom Energy Corp. - Product / Service
              • Exhibit 126: Bloom Energy Corp. - Key news
              • Exhibit 127: Bloom Energy Corp. - Key offerings
            • 12.6 Dynad International BV
              • Exhibit 128: Dynad International BV - Overview
              • Exhibit 129: Dynad International BV - Product / Service
              • Exhibit 130: Dynad International BV - Key offerings
            • 12.7 Fiskerstrand Verft AS
              • Exhibit 131: Fiskerstrand Verft AS - Overview
              • Exhibit 132: Fiskerstrand Verft AS - Product / Service
              • Exhibit 133: Fiskerstrand Verft AS - Key offerings
            • 12.8 Hyster Yale Materials Handling Inc.
              • Exhibit 134: Hyster Yale Materials Handling Inc. - Overview
              • Exhibit 135: Hyster Yale Materials Handling Inc. - Business segments
              • Exhibit 136: Hyster Yale Materials Handling Inc. - Key offerings
              • Exhibit 137: Hyster Yale Materials Handling Inc. - Segment focus
            • 12.9 MEYER WERFT GmbH and Co. KG
              • Exhibit 138: MEYER WERFT GmbH and Co. KG - Overview
              • Exhibit 139: MEYER WERFT GmbH and Co. KG - Product / Service
              • Exhibit 140: MEYER WERFT GmbH and Co. KG - Key offerings
            • 12.10 Nedstack Fuel Cell Technology BV
              • Exhibit 141: Nedstack Fuel Cell Technology BV - Overview
              • Exhibit 142: Nedstack Fuel Cell Technology BV - Product / Service
              • Exhibit 143: Nedstack Fuel Cell Technology BV - Key offerings
            • 12.11 Plug Power Inc.
              • Exhibit 144: Plug Power Inc. - Overview
              • Exhibit 145: Plug Power Inc. - Product / Service
              • Exhibit 146: Plug Power Inc. - Key offerings
            • 12.12 PowerCell Sweden AB
              • Exhibit 147: PowerCell Sweden AB - Overview
              • Exhibit 148: PowerCell Sweden AB - Product / Service
              • Exhibit 149: PowerCell Sweden AB - Key offerings
            • 12.13 Proton Motor Power Systems PLC
              • Exhibit 150: Proton Motor Power Systems PLC - Overview
              • Exhibit 151: Proton Motor Power Systems PLC - Product / Service
              • Exhibit 152: Proton Motor Power Systems PLC - Key offerings
            • 12.14 SFC Energy AG
              • Exhibit 153: SFC Energy AG - Overview
              • Exhibit 154: SFC Energy AG - Business segments
              • Exhibit 155: SFC Energy AG - Key news
              • Exhibit 156: SFC Energy AG - Key offerings
              • Exhibit 157: SFC Energy AG - Segment focus
            • 12.15 Siemens AG
              • Exhibit 158: Siemens AG - Overview
              • Exhibit 159: Siemens AG - Business segments
              • Exhibit 160: Siemens AG - Key news
              • Exhibit 161: Siemens AG - Key offerings
              • Exhibit 162: Siemens AG - Segment focus
            • 12.16 TOSHIBA CORP
              • Exhibit 163: TOSHIBA CORP - Overview
              • Exhibit 164: TOSHIBA CORP - Business segments
              • Exhibit 165: TOSHIBA CORP - Key offerings
              • Exhibit 166: TOSHIBA CORP - Segment focus
            • 12.17 Watt Fuel Cell Corp.
              • Exhibit 167: Watt Fuel Cell Corp. - Overview
              • Exhibit 168: Watt Fuel Cell Corp. - Product / Service
              • Exhibit 169: Watt Fuel Cell Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: 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?
              Get your sample now!
              Fuel Cells for Marine Vessels market growth will increase by $179.57 million during 2023-2027.
              The fuel cells for marine vessels market is expected to grow at a CAGR of 6.88% during 2023-2027.
              Technavio has segmented the fuel cells for marine vessels market by technology (PEMFC, SOFC, and Other fuel cells) ,application (Commercial, Military, Others, and South America) , and geography (North America, APAC, Europe, Middle East and Africa, and South America).
              ABB Ltd., Advent Technologies Holdings Inc., Ballard Power Systems Inc., Bloom Energy Corp., Dynad International BV, Echandia Marine AB, Fiskerstrand Verft AS, General Electric Co., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., MEYER WERFT GmbH and Co. KG, Nedstack Fuel Cell Technology BV, Plug Power Inc., PowerCell Sweden AB, Proton Motor Power Systems PLC, SFC Energy AG, Siemens AG, Sunfire GmbH, 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 37.56% 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
              • Increasing R and D activities in fuel cell technology
              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.
              • 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?
              • 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

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>