Fuel Cells Market For Industrial and Military Applications Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Japan, South Korea, China, Germany - Size and Forecast 2024-2028

Published: Oct 2023

Pages: 170

SKU: IRTNTR45781

Snapshot

Fuel Cells Market for Industrial and Military Applications 2024-2028

The fuel cells market for industrial and military applications size is estimated to grow at a CAGR of 14.11% between 2023 and 2028. The market size is forecast to increase by USD 1,166.49 million. The growth of the market depends on several factors such as the growing demand for efficient and cleaner technologies, the rising applications of fuel cell products, and the growing demand for fuel cells from military applications.

This fuel cells market for industrial and military applications report extensively covers market segmentation by end-user (industrial and military), product (PEMFC, PAFC, SOFC, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Fuel Cells Market For Industrial And Military Applications During the Forecast Period?

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Fuel Cells Market For Industrial And Military Applications: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 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 Market For Industrial And Military Applications Driver

One of the key factors driving the fuel cells market for industrial and military applications growth is the growing demand for fuel cells for military applications. One of the prominent areas for fuel cell application is the military sector. The most common type of fuel cell used in portable applications is DMFC as it provides high energy density. In addition, conventional batteries have been used to power soldiers' equipment, but they alone cannot meet the full requirement during long assignments.

Moreover, DMFC has an exceptionally high theoretical specific energy density that exceeds more than 48 times that of Li-ion batteries, which lessens the need for additional batteries on a multi-day mission, enabling it to be extensively used in military missions. Furthermore, the defense industry's need for lightweight, portable power solutions to reduce the weight that is borne by soldiers is fuelling the adoption of fuel cells for portable power. Hence, such factors drive the market growth during the forecast period.

Key Fuel Cells Market For Industrial And Military Applications Trends

A key factor shaping the fuel cells market for industrial and military applications growth is the rise in distributed power generation. The increasing need for uninterrupted and reliable power supplies in developed countries, while it is used in developing countries to increase the electrification rate, fuels the adoption of distributed energy generation. The instances of natural calamities disrupting the continuous flow of power have resulted in customers seeking increased reliability and resiliency.

Moreover, large companies including Apple, Procter and Gamble, IBM, Verizon, AT and T, and Google have widely accepted distributed energy generation in their facilities, data centers, and warehouses for power, heating, or sometimes cooling requirements. Several factors such as improved efficiency and greater control over the power generation resources are fuelling the adoption. Hence, such factors drive the market growth during the forecast period.

Key Fuel Cells Market For Industrial And Military Applications Challenge

Issues associated with fuel cells are one of the key challenges hindering the fuel cells market for industrial and military applications growth. Minimizing costs and enhancing durability are the two major challenges in the fuel cell market for industrial and military applications. In addition, the production of hydrogen is expensive and is not available widely.

Moreover, hydrogen is hard to find in the atmosphere, as opposed to other gases. Therefore, for its production, it is essential to use processes such as the electrolysis of water. Therefore, this process costs a lot of money and time. Furthermore, the lack of infrastructure to support the distribution of hydrogen is expected to negatively impact the market growth. Hence, such factors hinder the market growth during the forecast period.

Fuel Cells Market For Industrial And Military Applications 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.

Global Fuel Cells Market For Industrial and Military Applications Customer Landscape

Who are the Major Fuel Cells Market For Industrial and Military Applications 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.

Acumentrics Inc: The company offers fuel cells such as Solid Oxide fuel cells and Ruggedized UPS and power supplies

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.

What is the Largest-Growing Segments in the Fuel Cells Market For Industrial And Military Applications?

The industrial segment is estimated to witness significant growth during the forecast period. Prime/backup power and CHP applications are the main applications of fuel cells in the industrial sector. Uninterrupted power is crucial in industries as it has an impact on the production process, which has led to industries adopting distributed energy. In addition, distributed generation technologies can include fuel cells, hybrid solar systems, biomass boilers, microturbines, and wind turbines.

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The industrial segment was the largest segment and was valued at USD 807.53 million in 2018. Moreover, distributed generation resources provide benefits that cannot be offered by the centralized grid. In addition, the power is generated at the source, which leads to no transmission and distribution (T&D) losses and offers higher reliability. Furthermore, the need for reliable power and the ability to stack fuel cells to create a power station are the primary growth drivers for fuel cells used in the industry sector. Moreover, fuel cells have lower emissions compared with their fossil fuel alternatives, which is also helping to reduce harmful emissions. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Which are the Key Regions for the Fuel Cells Market For Industrial And Military Applications?

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APAC is estimated to contribute 40% 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. Some of the main factors that are significantly contributing to the growth of the market in APAC include the increase in investment in fuel cell devices and advances in technology. Moreover, the increasing need for reducing energy consumption across various sectors will also fuel the growth of the market in the region.

Some of the key countries that are significantly contributing to the market growth in APAC are Japan, South Korea, and China. Furthermore, the fuel cell market for industrial and military applications in South Korea and Japan is fuelled by the increased focus of the governments to shift from nuclear and fossil fuel power sources to renewable sources. Hence, such factors drive the market growth in APAC during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global fuel cells market for industrial and military applications witnessed a significant slowdown due to delays in fuel cell power projects in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of activities in manufacturing hubs. Such factors are expected to drive the market during the forecast period

Segment Overview

The fuel cells market for industrial and military applications report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

End-user Outlook
- Industrial
- Military
Product Outlook
- PEMFC
- PAFC
- SOFC
- Others
Geography Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - 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

Fuel Cells Market For Industrial And Military Applications Scope
Report Coverage	Details
Page number	170
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 14.11%
Market Growth 2024-2028	USD 1,166.49 million
Market structure	Fragmented
YoY growth 2023-2024(%)	12.67
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 40%
Key countries	US, Japan, South Korea, China, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Acumentrics Inc., Advent Technologies Holdings Inc., Air Liquide SA, AISIN CORP., Altergy Systems, Australian Fuel Cells Pty Ltd., Ballard Power Systems Inc., Bloom Energy Corp., Doosan Corp., Elevator World LLC, FuelCell Energy Inc., GenCell Ltd., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., Nedstack Fuel Cell Technology BV, Plug Power Inc., Redox Power Systems LLC, SFC Energy AG, Toshiba Corp., and TW Horizon Fuel Cell Technologies
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.

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What are the Key Data Covered in this Fuel Cells Market For Industrial And Military Applications 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 to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, North America, Europe, South America, and the Middle East and Africa
A 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 End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- 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 market for industrial and military applications 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global fuel cells market for industrial and military applications 2018 - 2022 ($ million)

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

4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product 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 End-user

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

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

6.3 Industrial - Market size and forecast 2023-2028
- Exhibit 34: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Industrial - 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 Market opportunity by End-user
- Exhibit 42: Market opportunity by End-user ($ million)
- Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 44: Chart on Product - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Product - Market share 2023-2028 (%)

7.2 Comparison by Product
- Exhibit 46: Chart on Comparison by Product
- Exhibit 47: Data Table on Comparison by Product

7.3 PEMFC - Market size and forecast 2023-2028
- Exhibit 48: Chart on PEMFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on PEMFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on PEMFC - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on PEMFC - Year-over-year growth 2023-2028 (%)

7.4 PAFC - Market size and forecast 2023-2028
- Exhibit 52: Chart on PAFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on PAFC - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on PAFC - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on PAFC - Year-over-year growth 2023-2028 (%)

7.5 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 (%)

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

7.7 Market opportunity by Product
- Exhibit 64: Market opportunity by Product ($ million)
- Exhibit 65: Data Table on Market opportunity by Product ($ 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 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - 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 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - 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 Japan - Market size and forecast 2023-2028
- Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)

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

9.11 China - Market size and forecast 2023-2028
- Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)

9.12 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - 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 Acumentrics Inc.
- Exhibit 119: Acumentrics Inc. - Overview
- Exhibit 120: Acumentrics Inc. - Product / Service
- Exhibit 121: Acumentrics Inc. - Key offerings

12.4 AISIN CORP.
- Exhibit 122: AISIN CORP. - Overview
- Exhibit 123: AISIN CORP. - Business segments
- Exhibit 124: AISIN CORP. - Key offerings
- Exhibit 125: AISIN CORP. - Segment focus

12.5 Altergy Systems
- Exhibit 126: Altergy Systems - Overview
- Exhibit 127: Altergy Systems - Product / Service
- Exhibit 128: Altergy Systems - Key offerings

12.6 Ballard Power Systems Inc.
- Exhibit 129: Ballard Power Systems Inc. - Overview
- Exhibit 130: Ballard Power Systems Inc. - Product / Service
- Exhibit 131: Ballard Power Systems Inc. - Key news
- Exhibit 132: Ballard Power Systems Inc. - Key offerings

12.7 Bloom Energy Corp.
- Exhibit 133: Bloom Energy Corp. - Overview
- Exhibit 134: Bloom Energy Corp. - Product / Service
- Exhibit 135: Bloom Energy Corp. - Key news
- Exhibit 136: Bloom Energy Corp. - Key offerings

12.8 Doosan Corp.
- Exhibit 137: Doosan Corp. - Overview
- Exhibit 138: Doosan Corp. - Product / Service
- Exhibit 139: Doosan Corp. - Key offerings

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

12.10 Hyster Yale Materials Handling Inc.
- Exhibit 143: Hyster Yale Materials Handling Inc. - Overview
- Exhibit 144: Hyster Yale Materials Handling Inc. - Business segments
- Exhibit 145: Hyster Yale Materials Handling Inc. - Key offerings
- Exhibit 146: Hyster Yale Materials Handling Inc. - Segment focus

12.11 Intelligent Energy Ltd.
- Exhibit 147: Intelligent Energy Ltd. - Overview
- Exhibit 148: Intelligent Energy Ltd. - Product / Service
- Exhibit 149: Intelligent Energy Ltd. - Key offerings

12.12 Nedstack Fuel Cell Technology BV
- Exhibit 150: Nedstack Fuel Cell Technology BV - Overview
- Exhibit 151: Nedstack Fuel Cell Technology BV - Product / Service
- Exhibit 152: Nedstack Fuel Cell Technology BV - Key offerings

12.13 Plug Power Inc.
- Exhibit 153: Plug Power Inc. - Overview
- Exhibit 154: Plug Power Inc. - Product / Service
- Exhibit 155: Plug Power Inc. - Key offerings

12.14 Redox Power Systems LLC
- Exhibit 156: Redox Power Systems LLC - Overview
- Exhibit 157: Redox Power Systems LLC - Product / Service
- Exhibit 158: Redox Power Systems LLC - Key offerings

12.15 SFC Energy AG
- Exhibit 159: SFC Energy AG - Overview
- Exhibit 160: SFC Energy AG - Business segments
- Exhibit 161: SFC Energy AG - Key news
- Exhibit 162: SFC Energy AG - Key offerings
- Exhibit 163: SFC Energy AG - Segment focus

12.16 Toshiba Corp.
- Exhibit 164: Toshiba Corp. - Overview
- Exhibit 165: Toshiba Corp. - Business segments
- Exhibit 166: Toshiba Corp. - Key news
- Exhibit 167: Toshiba Corp. - Key offerings
- Exhibit 168: Toshiba Corp. - Segment focus

12.17 TW Horizon Fuel Cell Technologies
- Exhibit 169: TW Horizon Fuel Cell Technologies - Overview
- Exhibit 170: TW Horizon Fuel Cell Technologies - Product / Service
- Exhibit 171: TW Horizon Fuel Cell Technologies - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources

13.5 List of abbreviations
- Exhibit 178: 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?
What are the key factors driving and challenging this market’s growth?
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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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