Global Defense Fuel Cells Market 2017-2021

Overview of the global defense fuel cells market

Research analysis on the global defense fuel cells market identifies the benefit such as improved performance with high torque and low revolutions as one of the primary factors that will have a positive impact on the market’s growth. Complete fuel combustion is not carried out by conventional vehicles and this results in reduction in the vehicle’s efficiency. Diesel engines utilize the fuel present in the vehicle to generate torque, leading to a lower number of revolutions when compared to vehicles that operate on fuel cell technology. Fuel cells provide large amount of torque at less revolutions and this subsequently helps in increasing the performance of the vehicle. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 9% by 2021.

The emergence of formira hydrogen-on-demand technology will be one of the major trends that will gain traction in this market in the coming years. Formira hydrogen-on-demand technology synthesizes hydrogen from a high-energy-dense solution. Hydrogen is generated when the formic acid flows from the tank to the reformer. The hydrogen is not stored at any stage and is instantly consumed. This makes it safer and less prone to fire. Fuel cells provide continuous charge to the battery and enable the system to run without interruption. This technology will find significance in drones and unmanned ground robots and in commercial applications, which will in turn, fuel the growth prospects of the defense fuel cells market.

What's your takeaway?

Technavio's industry research report titled, Global Defense Fuel Cells Market, will help you-

• Identify latent opportunities and explorative solutions in the defense fuel cells market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

Next step: Download FREE sample report | Talk to US

Competitive landscape and key vendors

Characterized by the presence of a limited number of vendors, the market appears to be concentrated. The vendors require contracts to perform business activities with the defense sector. The introduction of stringent regulations towards the usage of liquid hydrogen which is a highly flammable substance, will have a negative impact on the growth of the vendors in the defense fuel cells market.

The leading vendors in the market are -

• Protonex
• Ultracell
• Neah Power Systems
• General Motors
• SFC Energy

The other prominent vendors in the market are WATT Fuel Cell Corporation, Ballard Power Systems, Bloom Energy, Altergy, Delphi Automotive, and Direct Methanol Fuel Cell Corporation.

Segmentation by technology and analysis of the defense fuel cells market

• PEM
• SOFC
• DMFC   

During 2016, the PEM segment accounted for the major shares of this market. The focus of the automotive manufacturer General Motors towards planning, designing, and developing PEMFC-based vehicles to cater to the needs of the US military will augment the growth prospects of this market segment. Additionally, the focus of research institutes including the Chinese Academy of Science, Shanghai Economic Commission, and Energy Research Institute towards developing innovative products that will facilitate the commercialization of these vehicles will also drive the growth of the fuel cell market in this segment.

Geographical segmentation and analysis of the defense fuel cells market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the defense fuel cells market throughout the forecast period. The increase in the defense budget by the US government that will help its defense forces adopt new technologies and military equipment, will be a major factor fueling the market’s growth in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global defense fuel cells market?
• What are the key market trends impacting the growth of the global defense fuel cells market?
• What are the challenges to market growth?
• Who are the key vendors in the global defense fuel cells market?
• What are the market opportunities and threats faced by the vendors in the global defense fuel cells market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global defense fuel cells market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global defense fuel cells market offers insights into the key trends and emerging drivers influencing the growth of the aerospace and defense industry. Our market research reports for the aerospace and defense industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like the defense technology sector.

By considering the market forecast and size, surging demand for various defense technologies, the market research experts at Technavio offer an all-inclusive picture of the defense fuel cells market for the estimated period of 2017 to 2021. Furthermore, our research practices help clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various systems based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the defense fuel cells market also covers vendors like Ultracell, Neah Power Systems, Inc., and General Motors.

This upcoming industry report on the defense fuel cells market also considers the growth of the related markets such as the radar systems and technology market, which is expected to grow at a CAGR of nearly 3% during the forecasted period. According to our research analysts, the rising popularity of enhanced stealth features in military vehicles may impact the global market significantly during the next few years.

The upcoming industry research report for defense fuel cells market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the defense sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides in-depth market assessments into the sectors such as aerospace and homeland security.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.