Fuel Cell Market to Grow in Significance, Transportation Sector Will Register the Maximum Consumption – Fairfield Market Research

Advertisement

Transition to Clean Energy, Technological Advancements, and Supportive Governmental Initiatives Will be the Key Driving Forces

New York, United States, June 12, 2023 (GLOBE NEWSWIRE) — The need to lower greenhouse gas emissions and to mitigate the detrimental impacts of climate change are primary elements that are expected to lead to a higher adoption of cleaner energy solutions. Fuel cells offer a promising answer as they generate electricity through electrochemical reactions with hydrogen or other fuels, producing minimal to no emissions. This will remain the strongest factor diving the growth of the global fuel cell market. Gradual transition to cleaner energy solutions is expected to have a major influence on the adoption of fuel cells.

Get Sample Copy of Fuel Cell Market at https://www.fairfieldmarketresearch.com/report/fuel-cell-market/more-information

Advertisement

Ongoing advancements in fuel cell technology has resulted in improvements to their efficiency, performance, and reliability. Progress in this field, in terms of materials used, catalysts, and system designs, are resulting in the development of fuels cells that are more cost-effective, durable, and more suitable for various applications. This is expected to make these energy solutions more appealing to various industries and end-users. Moreover, the rolling-out of favorable incentive plans and policies that promote the use and/or adoption of fuel cell technology is another major factor that is slated to have a profound impact on the further augmentation of the global fuel cell market.

Insights into Segmentation Analysis

The global fuel cell market is segmented based on – Fuel Cell Type, End-User Industry, Application, and Region. With respect to the Fuel Cell Type aspect of this market, the ‘PEMFC’ sub-segment is slated to account for the majority share of this market. This is attributed to advantages that these fuel cells offer such as high-power density, quick start up time, and suitability for various applications. In terms of Application segmentation, the ‘Transportation’ sub-segment is slated to account for the majority market share. Whereas, based on the End-User Industry segmentation, the ‘Automotive’ sub-segment is expected to account for the majority share of the global fuel cell market.

Insights into Regional Analysis

As per a study conducted by Fairfield Market Research, North America has been a prominent region in the fuel cell market, particularly the United States, which has been at the forefront of fuel cell deployment including initiatives that promote their adoption in stationary power, transportation, and portable applications. Europe is another crucial region for the fuel cell market owing to the growing demand for cleaner, sustainable energy solutions. However, the Asia Pacific is set to index significant growth in this space due to the increasing deployment of fuel cell technology in residential power generations and hydrogen infrastructure development.

Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/fuel-cell-market/request-customization

Global Fuel Cell Market is Segmented as Below:

Technology Coverage        

  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Solid Oxide Fuel Cell (SOFC)
  • Phosphoric Acid Fuel Cell (PAFC)
  • Alkaline Fuel Cell (AFC)
  • Microbial Fuel Cell (MFC)
  • Direct Methanol Fuel Cell (DMFC)

Application Coverage        

  • Portable
  • Stationary
  • Transportation

Geographical Coverage        

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Leading Market Companies        

  • FuelCell Energy, Inc.
  • Cummins Inc.
  • Bloom Energy
  • Doosan Fuel Cell America, Inc.
  • Ballard Power Systems Inc.
  • Plug Power Inc.
  • Horizon Fuel Cell Technologies
  • Powercell Sweden AB
  • Toshiba Corporation
  • SFC Energy AG
  • Mitsubishi Power
  • Fuji Electric Co., Ltd.

Table Of Content

1. Executive Summary
     1.1. Global Fuel Cell Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
     2.6. Government Regulations
     2.7. Technology Landscape
     2.8. Impact of Fuel Cell on Electric Vehicles
     2.9. Economic Analysis
     2.10. PESTLE

3. Production Output and Trade Statistics, 2019 – 2022
     3.1. Supply-Demand Analysis
     3.2. Regional Production Statistics
     3.3. Trade Statistics

4. Price Trends Analysis and Future Projects, 2019 – 2030
     4.1. Key Highlights
     4.2. Prominent Factors Affecting Prices
     4.3. By Technology
     4.4. By Region

5. Global Fuel Cell Market Outlook, 2019 – 2030
     5.1. Global Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     5.2. Global Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     5.3. Global Fuel Cell Market Outlook, by Region, Capacity (MW) and Value (US$ Mn), 2019 – 2030

6. North America Fuel Cell Market Outlook, 2019 – 2030
     6.1. North America Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     6.2. North America Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     6.3. North America Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 – 2030

7. Europe Fuel Cell Market Outlook, 2019 – 2030
     7.1. Europe Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     7.2. Europe Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     7.3. Europe Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 – 2030

8. Asia Pacific Fuel Cell Market Outlook, 2019 – 2030
     8.1. Asia Pacific Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     8.2. Asia Pacific Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     8.3. Asia Pacific Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 – 2030

9. Latin America Fuel Cell Market Outlook, 2019 – 2030
     9.1. Latin America Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     9.2. Latin America Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     9.3. Latin America Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 – 2030

10. Middle East & Africa Fuel Cell Market Outlook, 2019 – 2030
     10.1. Middle East & Africa Fuel Cell Market Outlook, by Technology, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     10.2. Middle East & Africa Fuel Cell Market Outlook, by Application, Capacity (MW) and Value (US$ Mn), 2019 – 2030
     10.3. Middle East & Africa Fuel Cell Market Outlook, by Country, Capacity (MW) and Value (US$ Mn), 2019 – 2030

11. Competitive Landscape
     11.1. Company Market Share Analysis, 2022
     11.2. Competitive Dashboard
     11.3. Product vs Application Heatmap
     11.4. Company Profiles

12. Appendix
     12.1. Research Methodology
     12.2. Report Assumptions
     12.3. Acronyms and Abbreviations

Browse Full Report: https://www.fairfieldmarketresearch.com/report/fuel-cell-market

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research
London, UK
UK +44 (0)20 30025888   
USA (Toll-free) +1 (844) 3829746 
Web: https://www.fairfieldmarketresearch.com/
Email: [email protected]
Twitter: https://twitter.com/FairfieldMarket
LinkedIn: https://www.linkedin.com/company/fairfield-market-research-uk

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.