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Molten Carbonate Fuel Cells (MCFCs) Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70459
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The molten carbonate fuel cells (MCFCs) market has the potential to grow by 107.55 MW during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 26.13%.

This molten carbonate fuel cells (MCFCs) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (utilities, C and I, and others) and geography (APAC, North America, Europe, MEA, and South America). The molten carbonate fuel cells (MCFCs) market report also offers information on several market vendors, including Ballard Power Systems Inc., Bloom Energy, and Fuji Electric Co. Ltd., among others.

What will the Molten Carbonate Fuel Cells (MCFCs) Market Size be in 2021?

Molten-Carbonate-Fuel-Cells-(MCFCs)-Market-Market-Size-2020-2025

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Molten Carbonate Fuel Cells (MCFCs) Market: Key Drivers and Trends

The rise in demand for clean energy is notably driving the molten carbonate fuel cells (MCFCs) market growth, although factors such as high costs associated with use of mcfcs may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the molten carbonate fuel cells (MCFCs) industry get your FREE report sample now.

  • The rise in demand for clean energy is driving the global molten carbonate fuel cells market growth.
  • The demand for clean energy is because of strong economic growth globally, which, in turn, increases the requirement for molten carbonate fuel cells, as it provides clean energy in the form of electricity from electrochemical reactions.
  • The growing vendor collaborations and PPAs are positively impacting the global molten carbonate fuel cells market.
  • Vendor collaborations and PPAs encourage several end-users to invest in the molten carbonate fuel cells market.
  • The rise in demand for clean energy, coupled with the growing vendor collaborations and PPAs, is driving the molten carbonate fuel cells market growth.

This molten carbonate fuel cells (MCFCs) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Molten Carbonate Fuel Cells (MCFCs) Market Vendors?

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

 

  • Ballard Power Systems Inc.
  • Bloom Energy
  • Fuji Electric Co. Ltd.
  • Ceres Power Holdings plc
  • Doosan Fuel Cell Co. Ltd.
  • FuelCell Energy Inc.
  • Panasonic Corp.
  • Plug Power Inc.
  • SFC Energy AG
  • Toshiba Energy Systems & Solutions Corp.

 

The molten carbonate fuel cells (MCFCs) market is concentrated and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the molten carbonate fuel cells (MCFCs) market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Molten Carbonate Fuel Cells (MCFCs) Market?

Molten-Carbonate-Fuel-Cells-(MCFCs)-Market-Market-Share-by-Region-2020-2025

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43% of the market’s growth will originate from APAC during the forecast period. South Korea (Republic of Korea) is one of the key markets for molten carbonate fuel cells (MCFCs) in APAC. Market growth in this region will be slower than the growth of the market in North America and MEA

The advances in technology and increasing investment in fuel cell technology will facilitate the molten carbonate fuel cells (MCFCs) market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Molten Carbonate Fuel Cells (MCFCs) Market?

Molten-Carbonate-Fuel-Cells-(MCFCs)-Market-Market-Share-by-Application-2020-2025

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The utilities are seeking alternatives to traditional power supply modalities owing to concerns such as aging energy transmission networks, grid congestion, and development of remote areas. Moreover, the demand for clean energy sources to fulfill energy needs due to environmental concerns has provided huge growth opportunities for the global MCFCs market. The growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the molten carbonate fuel cells (MCFCs) market size.

 

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What are the Key Factors Covered in this Molten Carbonate Fuel Cells (MCFCs) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive molten carbonate fuel cells (MCFCs) market growth during the next five years
  • Precise estimation of the molten carbonate fuel cells (MCFCs) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the molten carbonate fuel cells (MCFCs) industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of molten carbonate fuel cells (MCFCs) market vendors

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Molten Carbonate Fuel Cells (MCFCs) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 26%

Market growth 2021-2025

107.55 MW

Market structure

Concentrated

YoY growth (%)

21.99

Regional analysis

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

Performing market contribution

APAC at 43%

Key consumer countries

US, South Korea (Republic of Korea), Canada, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ballard Power Systems Inc., Bloom Energy, Fuji Electric Co. Ltd., Ceres Power Holdings plc, Doosan Fuel Cell Co. Ltd., FuelCell Energy Inc., Panasonic Corp., Plug Power Inc., SFC Energy AG, and Toshiba Energy Systems & Solutions Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

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

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Utilities - Market size and forecast 2020-2025
    • C and I - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Overview

    Geographic Landscape

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

    Vendor Landscape

    • Overview
    • Landscape disruption
    • Competitive Scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Ballard Power Systems Inc.
    • Bloom Energy
    • Fuji Electric Co. Ltd.
    • Ceres Power Holdings plc
    • Doosan Fuel Cell Co. Ltd.
    • FuelCell Energy Inc.
    • Panasonic Corp.
    • Plug Power Inc.
    • SFC Energy AG
    • Toshiba Energy Systems & Solutions Corp.

    Appendix

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

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

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

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The molten carbonate fuel cells (mcfcs) market growth will increase by $107.55 MW during 2020-2025.
    The molten carbonate fuel cells (mcfcs) market is expected to grow at a CAGR of 26.13% during 2020-2025.
    Technavio has segmented the molten carbonate fuel cells (mcfcs) market by application (Utilities, C and I, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
    Ballard Power Systems Inc., Bloom Energy, Fuji Electric Co. Ltd., Ceres Power Holdings plc, Doosan Fuel Cell Co. Ltd., FuelCell Energy Inc., Panasonic Corp., Plug Power Inc., SFC Energy AG, Toshiba Energy Systems & Solutions Corp. are a few of the key vendors in the molten carbonate fuel cells (mcfcs) market.
    APAC will register the highest growth rate of 43.06% among the other regions. Therefore, the molten carbonate fuel cells (mcfcs) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • South Korea (Republic of Korea)
    • Canada
    • Germany
    • UK
    The key factors driving the molten carbonate fuel cells (mcfcs) market growth are:
    • Increase in investment and support from government
    The molten carbonate fuel cells (mcfcs) market vendors should focus on grabbing business opportunities from the utilities segment as it accounted for the largest market share in the base year.
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