In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Fuel Cell market for 2018-2023.
A fuel cell is a device that generates electricity by a chemical reaction. Every fuel cell has two electrodes, one positive and one negative, called, respectively, the anode and cathode. The reactions that produce electricity take place at the electrodes.
Every fuel cell also has an electrolyte, which carries electrically charged particles from one electrode to the other, and a catalyst, which speeds the reactions at the electrodes.
Hydrogen is the basic fuel, but fuel cells also require oxygen. One great appeal of fuel cells is that they generate electricity with very little pollutionmuch of the hydrogen and oxygen used in generating electricity ultimately combine to form a harmless byproduct, namely water.
Because of emission control requirements and new power line restrictions in the states larger cities, there will be greater motivation for fuel cell use in urban areas than in more rural areas. This concentration of fuel cells in specific urban areas will allow for more efficient utilization of fuel cell maintenance and repair technicians by utility companies.
Government level systematic identification and removal of legislative barriers to deployment of fuel cells in stationary, portable or transport systems.
Several automobile companies including, most prominently, GM, DaimlerChrysler, and Honda, have invested hundreds of millions of dollars in fuel cell research, development, and commercialization. Each of these companies has a fuel cell prototype car currently being tested in a demonstration program.
Over the next five years, LPI(LP Information) projects that Fuel Cell will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Fuel Cell market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Ballard Power System, Inc.
Ceramic Fuel Cells Limited
FuelCell Energy, Inc.
AFC Energy PLC
Ceres Power Holdings PLC
Plug Power, Inc.
POSCO Energy Co., Ltd.
Horizon Fuel Cell Technologies Pte. Ltd.
Quantum Fuel Systems Technologies Worldwide, Inc.
Toshiba Fuel Cell Power Systems Corp.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Fuel Cell consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Fuel Cell market by identifying its various subsegments.
Focuses on the key global Fuel Cell manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Fuel Cell with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Fuel Cell submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.