Fuel Cell Generator Market

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Fuel Cell Generator Market by End User (Marine, Aquaculture, Construction, Agriculture, Data Centers, Emergency Response Generators), Size (Small (Up to 200 kW), Large (>200 kW)), Fuel Type (Hydrogen, Ammonia, Methanol), Region - Global Forecast to 2030

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Report Code: EP 8127 Jun, 2023, by marketsandmarkets.com

[207 Pages Report] The global fuel cell generator market is projected to reach USD 2.1 billion by 2030 from an estimated USD 0.4 billion in 2023, at a CAGR of 25.4% during the forecast period. Recently regions has witnessed a rapid growth in fuel cell generator demand due to growing demand of hydrogen as a fuel for various end use applications.

Fuel Cell Generator Market Core (vEPC) Market

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Fuel Cell Generator Market Core (vEPC) Market

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Fuel cell generator Market Dynamics

Driver: Rising need for dependable and continuous power provision

The increasing demand for reliable and uninterrupted power supply serves as a significant driver for fuel cell generators. In today's modern society, a constant and dependable power supply is crucial for various sectors and applications, including residential, commercial, industrial, and critical infrastructure. Traditional power sources often face challenges such as grid instability, frequent outages, and limited capacity, which can disrupt operations and cause significant economic losses. Fuel cell generators offer a reliable alternative by providing a continuous and stable power source. With their ability to operate independently of the grid and provide power on-site, fuel cell generators ensure uninterrupted electricity supply, even in remote locations or during grid failures. This growing need for dependable power provision drives the adoption of fuel cell generators across diverse industries, ensuring uninterrupted operations, improved productivity, and enhanced reliability in power supply.

Restraint: High cost of catalysts used in fuel cell generators

The broad usage of this technology is severely constrained by the high cost of the catalysts used in fuel cell generators. In fuel cells, catalysts are essential for promoting the electrochemical reactions that turn fuel into electricity. However, the price of catalyst components, such platinum, is relatively high, which greatly raises the cost of fuel cell systems. Particularly when compared to other energy generation technologies, this cost component presents a hurdle for making fuel cell generators commercially feasible. To get beyond this limitation and increase the viability of fuel cell generators as an industry, it is important to find other, more affordable catalyst materials or to create more effective catalyst designs.

Opportunities: Increasing renewable energy grid integration

Increasing renewable energy grid integration presents a significant opportunity for the fuel cell generator market. As the share of renewable energy sources such as solar and wind power continues to grow, so does the need for effective energy storage and balancing solutions. Fuel cell generators can play a crucial role in this integration process. They can efficiently convert excess renewable energy into hydrogen through the process of electrolysis, storing it for later use. When there is a dip in renewable energy production, fuel cell generators can utilize the stored hydrogen to generate electricity, thereby ensuring a stable and reliable power supply. This ability to store and dispatch renewable energy on demand makes fuel cell generators an asset for enhancing the reliability and resilience of renewable energy systems. Furthermore, by enabling better utilization of intermittent renewables, fuel cell generators contribute to a more efficient and sustainable energy mix. As a result, the increasing integration of renewable energy sources provides a strong growth opportunity for the fuel cell generators market.

Challenges: High operational temperature of solid oxide fuel cells

The high operational temperature requirement of solid oxide fuel cells (SOFCs) presents a significant technical challenge in their practical implementation. SOFCs typically operate at temperatures above 600°C, which is significantly higher than other fuel cell technologies. This high temperature requirement poses several obstacles. Firstly, it necessitates the use of specialized and costly materials that can withstand extreme conditions, such as high-temperature ceramics and refractory metals. These materials need to exhibit excellent thermal stability, mechanical strength, and chemical resistance to ensure the longevity and reliability of the SOFC system. Secondly, managing and maintaining the high temperature within the fuel cell stack becomes crucial. Proper thermal management is essential to prevent thermal stresses, maintain uniform temperature distribution, and avoid localized hotspots that can lead to material degradation and reduced cell performance. Moreover, the high operating temperature increases the risk of thermal expansion mismatches and thermal cycling, which can accelerate component degradation and reduce the overall durability of the SOFC system. Addressing these challenges requires ongoing research and development efforts to optimize materials, design effective thermal management systems, and enhance the long-term stability and reliability of high-temperature SOFCs.

Fuel cell generator Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of Fuel cell generator systems and components. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Ballard Power Systems (Canada), ABB (Switzerland), Loop Energy Inc. (Canada).

Fuel Cell Generator Market Core (vEPC) Market

The ammonia segment, by fuel type, is expected to be the fastest growing market during the forecast period.

This report segments the fuel cell generator market based on fuel type into hydrogen, ammonia, methanol. ammonia is a high-energy-density carrier that can be easily stored, transported, and converted into hydrogen, which is the fuel source for many fuel cell technologies. By utilizing ammonia as a fuel, fuel cell generators can overcome some of the challenges associated with hydrogen storage and distribution.

By size, large scale (Above 200 kW) segment is expected to be the fastest growing during the forecast period

This report segments the fuel cell generator market based on size into two segments: small scale (up to 200 kW), and large scale (above 200 kW). The large-scale segment is expected to be the fastest growing segment during the forecast period. The increasing demand for decentralized power generation in industries such as data centers, manufacturing, and grid support requires higher power capacities that can be efficiently met by large-scale fuel cell systems.

“North America”: The largest in the fuel cell generator market”

North America is expected to be the largest region in the market in 2022, followed by the Asia Pacific, and Europe. The North American region witnessed an increase in government support through policies, incentives, and funding programs has encouraged the deployment of fuel cell technology.

Fuel Cell Generator Market Core (vEPC) Market Size, and Share

Key Market Players

The market is dominated by a few major players that have a wide regional presence. The major players in the fuel cell generator market include Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Ballard Power Systems (Canada), ABB (Switzerland), and Loop Energy Inc. (Canada). Between 2018 and 2022, Strategies such as contracts, agreements, partnership, merger, acquisitions, and expansions are followed by these companies to capture a larger share of the market.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2030

Base year considered

2022

Forecast period

2023–2030

Forecast units

Value (USD Million/Billion); Volume (MW)

Segments covered

Fuel cell generator market by type, end user, size, fuel type, and region.

Geographies covered

Asia Pacific, North America, Europe, Rest of the World.

Companies covered

Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Ballard Power Systems (Canada), ABB (Switzerland), Loop Energy Inc. (Canada), PowerCell Sweden AB (Sweden), Nedstack Fuel Cell Technology BV (Netherlands), Plug Power Inc. (US), TECO 2030 (Norway), ABB (Switzerland), Siemens Energy (Germany), Cummins Inc. (US), AFC Energy PLC (UK), Toshiba Energy Systems & Solutions Corporation (Tokyo), Proton Motor Power Systems PLC (UK), Panasonic Corporation (Japan), EODev (France), GenCell Ltd. (Israel), Fuji Electric Co., Ltd. (Japan), PowerUP Energy Technologies (Estonia), TW Horizon Fuel Cell Technologies (Singapore), Altergy (US), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), BOC Limited (UK), H2SYS (France), GAUSSIN (France), YANMAR HOLDINGS CO., LTD (Japan), .

This research report categorizes the market by type, end user, fuel type, size, and region.

On the basis of by type, the fuel cell generator market has been segmented as follows:
  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Alkaline Fuel Cell (AFC)
  • Solid Oxide Fuel Cell (SOFC)
  • Phosporic Acid Fuel Cell (PAFC)
On the basis of end user, the market has been segmented as follows:
  • Marine
  • Aquaculture
  • Agriculture
  • Construction
  • Data Centers
  • Emergency Response Generators
On the basis of size, the market has been segmented as follows:
  • Small Scale (Up to 200 kW)
  • Large Scale (Above 200 kW)
On the basis of fuel type, the market has been segmented as follows:
  • Hydrogen
  • Methanol
  • Ammonia
On the basis of region, the market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Recent Developments

  • In June 2023, PowerCell Sweden AB has entered into a partnership with Robert Bosch GmbH to produce the S3 fuel cell stack for PowerCell. This collaboration enables PowerCell to considerably expand its production capacity while emphasizing the scaling up of fuel cell system assembly and deliveries. Additionally, PowerCell will concentrate on the development of the next generation of fuel cell stacks.
  • In February 2023, Doosan Fuel Cell and the government of South Australia have entered into an agreement that encompasses several key areas of collaboration. The agreement involves the exchange of equipment and expertise to facilitate the production of environmentally friendly hydrogen and its derivatives. It also entails the development of strategies and partnerships to enhance global competitiveness in hydrogen exports. Additionally, the collaboration aims to secure research partnerships and projects that will accelerate future decarbonization efforts.
  • In November 2022, Bloom Energy signed a contract with Aspire Bakeries for the installation of fuel cell in California. The bakery's project, initiated in 2019, aims to decrease reliance on the Los Angeles power grid by generating 75% of its electricity through on-site fuel cells. These fuel cells utilize an electrochemical process to convert natural gas into electrical energy, thereby reducing the bakery's demand from the grid.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 FUEL CELL GENERATOR MARKET, BY END USER
           1.3.2 FUEL CELL GENERATORS MARKET, BY REGION
    1.4 MARKET SCOPE 
           1.4.1 MARKET SEGMENTATION
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA 
           FIGURE 1 FUEL CELL GENERATOR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 4 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF FUEL CELL GENERATORS
                    FIGURE 5 MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.1.1 Supply-side calculations
                    2.3.1.2 Supply-side assumptions
                               FIGURE 6 FUEL CELL GENERATOR: MARKET SHARE ANALYSIS, 2022
           2.3.2 DEMAND-SIDE ANALYSIS
                    2.3.2.1 Demand-side calculations
                    2.3.2.2 Demand-side assumptions
                    2.3.2.3 Demand-side limitations
           2.3.3 MARKET FORECAST
    2.4 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY (Page No. - 41)
    TABLE 1 FUEL CELL GENERATOR MARKET SNAPSHOT 
    FIGURE 7 NORTH AMERICA HELD LARGEST SHARE OF MARKET IN 2022 
    FIGURE 8 DATA CENTERS TO CAPTURE LARGEST SHARE OF FUEL CELL GENERATORS MARKET IN 2030 
    FIGURE 9 HYDROGEN TO CAPTURE LARGEST SHARE OF MARKET, BY FUEL TYPE, IN 2030 
    FIGURE 10 SMALL-SCALE FUEL CELL GENERATORS PRODUCING UP TO 200 KW OF POWER TO CAPTURE LARGER MARKET SHARE IN 2030 
 
4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUEL CELL GENERATOR MARKET 
           FIGURE 11 RISING DEMAND FOR CLEAN POWER GENERATION TO BOOST ADOPTION OF FUEL CELL GENERATORS BY ENVIRONMENTALLY CONSCIOUS INDUSTRIES
    4.2 FUEL CELL GENERATOR MARKET, BY REGION 
           FIGURE 12 EUROPEAN MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY END USER 
           FIGURE 13 DATA CENTERS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
    4.4 FUEL CELL GENERATOR MARKET, BY FUEL TYPE 
           FIGURE 14 HYDROGEN TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
    4.5 MARKET, BY SIZE 
           FIGURE 15 SMALL SCALE (UP TO 200 KW) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
 
5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 FUEL CELL GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Global focus on reducing carbon emissions and environmental impact
                               FIGURE 17 CO2 EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, GT CO2 (2000–2022)
                    5.2.1.2 Rising need for reliable and constant power supply
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of catalysts used in fuel cell generators
                    5.2.2.2 High capital expenditure associated with hydrogen energy storage
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of renewable energy sources into power grids
                    5.2.3.2 Supportive government policies, incentives, and rebates on installation of fuel cell generators
                               FIGURE 18 CLEAN ENERGY INVESTMENTS BY ADVANCED ECONOMIES VS. EMERGING ECONOMIES, 2015–2021 (GT CO2)
                               TABLE 2 POLICIES BY MAJOR ECONOMIES TO STIMULATE HYDROGEN DEMAND
           5.2.4 CHALLENGES
                    5.2.4.1 Water management in proton-exchange membrane fuel cells
                    5.2.4.2 High operational temperature of solid oxide fuel cells
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN FUEL CELL GENERATORS MARKET
                    FIGURE 19 REVENUE SHIFT FOR FUEL CELL GENERATOR PROVIDERS
    5.4 PRICING ANALYSIS 
           5.4.1 PEM BACKUP FUEL CELL GENERATOR INDICATIVE PRICING MODEL ANALYSIS
                    5.4.1.1 5 kW FCG stack and balance of plant (BoP) indicative cost
                               TABLE 3 PEM STACK COMPONENT COST SUMMARY FOR 5 KW BACKUP SYSTEM (USD), 2016
                               TABLE 4 PEM BALANCE OF PLANT (BOP) COST SUMMARY FOR 5 KW BACKUP SYSTEM (USD), 2016
                               TABLE 5 5 KW BACKUP SYSTEM BOP COST DISTRIBUTION
                    5.4.1.2 10 kW FCG stack and balance of plant (BoP) indicative cost
                               TABLE 6 PEM STACK COMPONENT COST SUMMARY FOR 10 KW BACKUP SYSTEM (USD), 2016
                               TABLE 7 PEM BALANCE OF PLANT (BOP) COST SUMMARY FOR 10 KW BACKUP SYSTEM (USD), 2016
                               TABLE 8 10 KW BACKUP SYSTEM BOP COST DISTRIBUTION
           5.4.2 PEM STACK AND SYSTEM BOP PRICING MODEL ANALYSIS
                    5.4.2.1 PEM stack component cost summary
                               TABLE 9 PEM STACK COMPONENT COST SUMMARY FOR 100 KW & 250 KW SYSTEMS (USD)
                               5.4.2.1.1 100 KW PEM stack component cost summary
                               FIGURE 20 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (100 STACKS/YEAR)
                               FIGURE 21 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (1,000 STACKS/YEAR)
                               FIGURE 22 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (10,000 STACKS/YEAR)
                               FIGURE 23 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (50,000 STACKS/YEAR)
                               5.4.2.1.2 250 KW PEM stack component cost summary
                               FIGURE 24 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (100 STACKS/YEAR)
                               FIGURE 25 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (1,000 STACKS/YEAR)
                               FIGURE 26 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (10,000 STACKS/YEAR)
                               FIGURE 27 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (50,000 STACKS/YEAR)
                    5.4.2.2 PEM stack manufacturing cost summary
                               TABLE 10 PEM STACK MANUFACTURING COST SUMMARY: 100 KW & 250 KW SYSTEM (USD)
                               5.4.2.2.1 100 KW PEM stack manufacturing cost summary
                               FIGURE 28 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (100 STACKS/YEAR)
                               FIGURE 29 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (1,000 STACKS/YEAR)
                               FIGURE 30 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (10,000 STACKS/YEAR)
                               FIGURE 31 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (50,000 STACKS/YEAR)
                               5.4.2.2.2 250 KW PEM stack manufacturing cost summary
                               FIGURE 32 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (100 STACKS/YEAR)
                               FIGURE 33 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (1,000 STACKS/YEAR)
                               FIGURE 34 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (10,000 STACKS/YEAR)
                               FIGURE 35 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (50,000 STACKS/YEAR)
                    5.4.2.3 PEM BoP cost summary
                               5.4.2.3.1 100 KW PEM BoP cost summary
                               FIGURE 36 100 KW PEM BOP COST SUMMARY BREAKUP (100 STACKS/YEAR)
                               FIGURE 37 100 KW PEM BOP COST SUMMARY BREAKUP (1,000 STACKS/YEAR)
                               FIGURE 38 100 KW PEM BOP COST SUMMARY BREAKUP (10,000 STACKS/YEAR)
                               FIGURE 39 100 KW PEM BOP COST SUMMARY BREAKUP (50,000 STACKS/YEAR)
                               5.4.2.3.2 250 KW PEM BoP cost summary
                               FIGURE 40 250 KW PEM BOP COST SUMMARY BREAKUP (100 STACKS/YEAR)
                               FIGURE 41 250 KW PEM BOP COST SUMMARY BREAKUP (1,000 STACKS/YEAR)
                               FIGURE 42 250 KW PEM BOP COST SUMMARY BREAKUP (10,000 STACKS/YEAR)
                               FIGURE 43 250 KW PEM BOP COST SUMMARY BREAKUP (50,000 STACKS/YEAR)
    5.5 TECHNOLOGY ANALYSIS 
           5.5.1 ATOMICALLY DISPERSED PT AND FE SITES AND PT–FE NANOPARTICLES FOR DURABLE PROTON-EXCHANGE MEMBRANE FUEL CELLS
           5.5.2 NANOPARTICLE-BASED FUEL CELLS
           5.5.3 NON-PRECIOUS METAL CATALYST-BASED FUEL CELLS
           5.5.4 HEXAGONAL PEROVSKITES FOR CERAMIC FUEL CELLS
    5.6 TRADE ANALYSIS 
           5.6.1 EXPORT SCENARIO
                    TABLE 11 EXPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 44 EXPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 (USD)
           5.6.2 IMPORT SCENARIO
                    TABLE 12 IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 45 IMPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 (USD THOUSAND)
    5.7 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 13 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2023–2024
    5.8 SUPPLY CHAIN ANALYSIS 
           FIGURE 46 FUEL CELL GENERATOR SUPPLY CHAIN ANALYSIS
           TABLE 14 FUEL CELL GENERATORS MARKET PLAYERS: ROLE IN SUPPLY CHAIN
    5.9 MARKET MAPPING 
           FIGURE 47 FUEL CELL GENERATORS MARKET MAP
    5.10 PATENT ANALYSIS 
           5.10.1 LIST OF MAJOR PATENTS
                    TABLE 15 FUEL CELL GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2021–FEBRUARY 2023
    5.11 CASE STUDY ANALYSIS 
           5.11.1 SAMSUNG HEAVY INDUSTRIES PLANS TO DEVELOP CLEAN POWER SHIPS BY JOINING HANDS WITH BLOOM ENERGY
                    5.11.1.1 Problem statement
                    5.11.1.2 Solution
           5.11.2 SOUTHERN COMMUNICATION SERVICES EMPLOYS PLUG POWER’S HYDROGEN FUEL CELLS FOR UNINTERRUPTED POWER SUPPLY
                    5.11.2.1 Problem statement
                    5.11.2.2 Solution
           5.11.3 IKEA USES BLOOM ENERGY’S FUEL CELL GENERATORS AS BACKUP SYSTEMS IN POWER GENERATION PLANT
                    5.11.3.1 Problem statement
                    5.11.3.2 Solution
    5.12 CODES AND REGULATIONS 
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 REGULATIONS RELATED TO FUEL CELL GENERATORS
                    5.12.2.1 Regulatory framework in North America
                    5.12.2.2 Regulatory framework in Europe
                    5.12.2.3 Regulatory framework in Asia Pacific
    5.13 PORTER'S FIVE FORCES ANALYSIS 
                    FIGURE 48 PORTER'S FIVE FORCES ANALYSIS FOR MARKET
                    TABLE 19 FUEL CELL GENERATOR MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 49 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER
                    TABLE 20 INFLUENCE OF KEY END USERS IN BUYING PROCESS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 50 KEY BUYING CRITERIA OF KEY END USERS
                    TABLE 21 KEY BUYING CRITERIA, BY END USER
 
6 FUEL CELL GENERATOR MARKET, BY FUEL TYPE (Page No. - 89)
    6.1 INTRODUCTION 
           FIGURE 51 MARKET, BY FUEL TYPE, 2022
           TABLE 22 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION)
           TABLE 23 MARKET, BY FUEL TYPE, 2023–2030 (USD MILLION)
           TABLE 24 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY FUEL TYPE
    6.2 HYDROGEN 
           6.2.1 HIGH ENERGY DENSITY OF HYDROGEN TO SUPPORT SEGMENTAL GROWTH
    6.3 METHANOL 
           6.3.1 EASE OF STORAGE AND USE TO BOOST DEMAND FOR METHANOL
    6.4 AMMONIA 
           6.4.1 STRINGENT REGULATIONS TO REDUCE CARBON FOOTPRINT TO INCREASE DEMAND FOR AMMONIA
 
7 FUEL CELL GENERATOR MARKET, BY SIZE (Page No. - 93)
    7.1 INTRODUCTION 
           FIGURE 52 FUEL CELL GENERATORS MARKET, BY SIZE, 2022
           TABLE 25 FUEL CELL GENERATOR MARKET, BY SIZE, 2020–2022 (USD MILLION)
           TABLE 26 MARKET, BY SIZE, 2023–2030 (USD MILLION)
           TABLE 27 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY SIZE
    7.2 SMALL SCALE (UP TO 200 KW) 
           7.2.1 DIVERSE POWER OUTPUT OF SMALL FUEL CELL SYSTEMS TO INCREASE THEIR USE BY ALL END USERS
    7.3 LARGE SCALE (ABOVE 200 KW) 
           7.3.1 ROBUST ENERGY AND CLIMATE POLICIES TO DRIVE MARKET
 
8 FUEL CELL TECHNOLOGIES DEPLOYED IN BACKUP POWER GENERATORS (Page No. - 97)
    8.1 INTRODUCTION 
    8.2 PROTON-EXCHANGE MEMBRANE FUEL CELL (PEMFC) 
           8.2.1 INCREASING USE OF PEM FUEL CELLS IN MARINE APPLICATIONS
    8.3 SOLID OXIDE FUEL CELL (SOFC) 
           8.3.1 RISING ADOPTION OF SOFCS IN ENERGY SECTOR TO ACHIEVE HIGH ELECTRICAL EFFICIENCY AND LOW CO2 EMISSIONS
    8.4 ALKALINE FUEL CELL (AFC) 
           8.4.1 HIGH ADOPTION OF AFC IN CONSTRUCTION AND MARINE APPLICATIONS
    8.5 PHOSPHORIC ACID FUEL CELL (PAFC) 
           8.5.1 ADOPTION OF PAFCS IN STATIONARY APPLICATIONS
 
9 FUEL CELL GENERATOR MARKET, BY END USER (Page No. - 99)
    9.1 INTRODUCTION 
           FIGURE 53 FUEL CELL GENERATORS MARKET, BY END USER, 2022
           TABLE 28 FUEL CELL GENERATOR MARKET, BY END USER, 2020–2022 (MW)
           TABLE 29 MARKET, BY END USER, 2023–2030 (MW)
           TABLE 30 MARKET, BY END USER, 2020–2022 (USD MILLION)
           TABLE 31 MARKET, BY END USER, 2023–2030 (USD MILLION)
           TABLE 32 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY END USER
    9.2 MARINE ENGINEERING PLATFORMS 
           9.2.1 DECARBONIZATION TARGETS SET BY INTERNATIONAL MARITIME ORGANIZATIONS TO STIMULATE DEMAND
    9.3 CONSTRUCTION SITES 
           9.3.1 REPLACEMENT OF DIESEL GENERATORS WITH FUEL CELL GENERATORS TO ACHIEVE DECARBONIZATION GOALS TO DRIVE MARKET
    9.4 AGRICULTURAL FACILITIES 
           9.4.1 IMPLEMENTATION OF HYDROGEN GENERATORS IN AGRICULTURAL APPLICATIONS TO SUPPORT MARKET GROWTH
    9.5 AQUACULTURE FACILITIES 
           9.5.1 RISING NEED FOR ENERGY-EFFICIENT AND LOW-NOISE SOLUTIONS IN AQUACULTURE FACILITIES TO BOOST DEMAND FOR FUEL CELL GENERATORS
    9.6 DATA CENTERS 
           9.6.1 GROWING USE OF BACKUP POWER SYSTEMS DURING OUTAGES TO PUSH DEMAND FOR FUEL CELL GENERATORS
    9.7 EMERGENCY RESPONSE GENERATORS 
           9.7.1 POWER BACKUP REQUIREMENT FROM TELECOM TOWERS TO CONTRIBUTE TO MARKET GROWTH
 
10 FUEL CELL GENERATOR MARKET, BY REGION (Page No. - 106)
     10.1 INTRODUCTION 
               FIGURE 54 EUROPE TO BE FASTEST-GROWING MARKET FOR FUEL CELL GENERATORS DURING FORECAST PERIOD
               FIGURE 55 FUEL CELL GENERATORS MARKET, BY REGION, 2022
               TABLE 33 FUEL CELL GENERATOR MARKET, BY REGION, 2020–2022 (MW)
               TABLE 34 MARKET, BY REGION, 2023–2030 (MW)
               TABLE 35 MARKET, BY REGION, 2020–2022 (USD MILLION)
               TABLE 36 MARKET, BY REGION, 2023–2030 (USD MILLION)
     10.2 ASIA PACIFIC 
               FIGURE 56 ASIA PACIFIC: FUEL CELL GENERATOR MARKET SNAPSHOT
               TABLE 37 FUEL CELL GENERATOR PROJECTS IN ASIA PACIFIC
             10.2.1 ASIA PACIFIC: IMPACT OF RECESSION
             10.2.2 CHINA
                       10.2.2.1 Increasing focus on improving energy efficiency to drive market
                       10.2.2.2 Macro factors
                                   TABLE 38 CHINA: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2022
                                   TABLE 39 CHINA: NUMBER OF SHIPS, 2016–2021
             10.2.3 INDIA
                       10.2.3.1 Need for decarbonization of energy sector to support market growth
                       10.2.3.2 Macro factors
                                   TABLE 40 INDIA: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021
             10.2.4 JAPAN
                       10.2.4.1 Rise in use of hydrogen for clean energy to boost demand for fuel cell generators
                       10.2.4.2 Macro factors
                                   TABLE 41 JAPAN: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021
                                   TABLE 42 JAPAN: NUMBER OF SHIPS, 2016–2021
     10.3 NORTH AMERICA 
               FIGURE 57 NORTH AMERICA: FUEL CELL GENERATOR MARKET SNAPSHOT
               TABLE 43 FUEL CELL TECHNOLOGY-RELATED PROJECTS IN NORTH AMERICA
             10.3.1 NORTH AMERICA: IMPACT OF RECESSION
             10.3.2 US
                       10.3.2.1 Growing focus on clean energy generation to boost demand for fuel cell technology
                       10.3.2.2 Macro factors
                                   TABLE 44 US: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2022
                                   TABLE 45 US: NUMBER OF SHIPS, 2016–2021
             10.3.3 CANADA
                       10.3.3.1 Government grants to run fuel cell technology-based programs to support market growth
                       10.3.3.2 Macro factors
                                   TABLE 46 CANADA: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021
     10.4 EUROPE 
               TABLE 47 FUEL CELL TECHNOLOGY-RELATED PROJECTS IN EUROPE
             10.4.1 EUROPE: IMPACT OF RECESSION
             10.4.2 GERMANY
                       10.4.2.1 Focus on emission-free transportation to foster requirement for fuel cell technology
                       10.4.2.2 Macro factors
                                   TABLE 48 GERMANY: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021
                                   TABLE 49 GERMANY: NUMBER OF SHIPS, 2016–2021
             10.4.3 UK
                       10.4.3.1 Efforts to reduce GHG emissions to stimulate demand for fuel cell technology
                       10.4.3.2 Macro factors
                                   TABLE 50 UK: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021
                                   TABLE 51 UK: NUMBER OF SHIPS, 2016–2021
             10.4.4 FRANCE
                       10.4.4.1 Energy transition outlook of French government to facilitate market growth
                       10.4.4.2 Macro factors
                                   TABLE 52 FRANCE: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021
                                   TABLE 53 FRANCE: NUMBER OF SHIPS, 2016–2021
             10.4.5 REST OF EUROPE
     10.5 REST OF THE WORLD (ROW) 
             10.5.1 MACRO FACTORS
                       TABLE 54 ROW: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2019
 
11 COMPETITIVE LANDSCAPE (Page No. - 120)
     11.1 OVERVIEW 
               FIGURE 58 KEY DEVELOPMENTS IN FUEL CELL GENERATORS MARKET, 2018–2023
     11.2 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022 
               FIGURE 59 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022
     11.3 MARKET EVALUATION FRAMEWORK 
               TABLE 55 MARKET EVALUATION FRAMEWORK, 2018–2023
     11.4 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS 
               FIGURE 60 SEGMENTAL REVENUE ANALYSIS, 2017–2022
     11.5 COMPETITIVE SCENARIO AND TRENDS 
             11.5.1 DEALS
                       TABLE 56 FUEL CELL GENERATORS MARKET: DEALS, 2018–2023
             11.5.2 OTHERS
                       TABLE 57 FUEL CELL GENERATORS MARKET: OTHERS, 2022
     11.6 EVALUATION MATRIX FOR KEY PLAYERS 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                       FIGURE 61 MARKET: EVALUATION MATRIX FOR KEY PLAYERS, 2022
     11.7 FUEL CELL GENERATOR MARKET: COMPANY FOOTPRINT 
               TABLE 58 COMPANY TYPE FOOTPRINT
               TABLE 59 COMPANY END USER FOOTPRINT
               TABLE 60 COMPANY FUEL TYPE FOOTPRINT
               TABLE 61 COMPANY POWER RATING WITH SIZE FOOTPRINT
               TABLE 62 COMPANY REGION FOOTPRINT
     11.8 EVALUATION MATRIX FOR START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE COMPANIES
             11.8.3 DYNAMIC COMPANIES
             11.8.4 STARTING BLOCKS
                       FIGURE 62 MARKET: EVALUATION MATRIX FOR START-UPS/SMES, 2022
     11.9 COMPETITIVE BENCHMARKING 
               TABLE 63 MARKET: DETAILED LIST OF KEY START-UPS/SMES
               TABLE 64 COMPANY TYPE FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES
               TABLE 65 COMPANY FUEL TYPE FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES
               TABLE 66 COMPANY POWER RATING FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES
               TABLE 67 COMPANY END USER FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES
               TABLE 68 COMPANY REGION FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES
 
12 COMPANY PROFILES (Page No. - 138)
(Business overview, Products offered, Recent Developments, MNM view)*
     12.1 KEY PLAYERS 
             12.1.1 BLOOM ENERGY
                       TABLE 69 BLOOM ENERGY: COMPANY OVERVIEW
                       FIGURE 63 BLOOM ENERGY: COMPANY SNAPSHOT
                       TABLE 70 BLOOM ENERGY: PRODUCTS OFFERED
                       TABLE 71 BLOOM ENERGY: DEALS
                       TABLE 72 BLOOM ENERGY: OTHERS
             12.1.2 DOOSAN FUEL CELL CO., LTD.
                       TABLE 73 DOOSAN FUEL CELL CO., LTD.: COMPANY OVERVIEW
                       FIGURE 64 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT
                       TABLE 74 DOOSAN FUEL CELL CO., LTD.: PRODUCTS OFFERED
                       TABLE 75 DOOSAN FUEL CELL CO., LTD.: DEALS
                       TABLE 76 DOOSAN FUEL CELL CO., LTD.: OTHERS
             12.1.3 POWERCELL SWEDEN AB
                       TABLE 77 POWERCELL SWEDEN AB: COMPANY OVERVIEW
                       FIGURE 65 POWERCELL SWEDEN AB: COMPANY SNAPSHOT
                       TABLE 78 POWERCELL SWEDEN AB: PRODUCTS OFFERED
                       TABLE 79 POWERCELL SWEDEN AB: PRODUCT LAUNCHES
                       TABLE 80 POWERCELL SWEDEN AB: DEALS
                       TABLE 81 POWERCELL SWEDEN AB: OTHERS
             12.1.4 BALLARD POWER SYSTEMS
                       TABLE 82 BALLARD POWER SYSTEMS: COMPANY OVERVIEW
                       FIGURE 66 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT
                       TABLE 83 BALLARD POWER SYSTEMS: PRODUCTS OFFERED
                       TABLE 84 BALLARD POWER SYSTEMS: PRODUCT LAUNCHES
                       TABLE 85 BALLARD POWER SYSTEMS: DEALS
                       TABLE 86 BALLARD POWER SYSTEMS: OTHERS
             12.1.5 NEDSTACK FUEL CELL TECHNOLOGY BV
                       TABLE 87 NEDSTACK FUEL CELL TECHNOLOGY BV: COMPANY OVERVIEW
                       TABLE 88 NEDSTACK FUEL CELL TECHNOLOGY BV: PRODUCTS OFFERED
                       TABLE 89 NEDSTACK FUEL CELL TECHNOLOGY BV: DEALS
             12.1.6 PLUG POWER INC.
                       TABLE 90 PLUG POWER INC.: COMPANY OVERVIEW
                       FIGURE 67 PLUG POWER INC.: COMPANY SNAPSHOT
                       TABLE 91 PLUG POWER INC.: PRODUCTS OFFERED
             12.1.7 TECO 2030
                       TABLE 92 TECO 2030: COMPANY OVERVIEW
                       FIGURE 68 TECO 2030: COMPANY SNAPSHOT
                       TABLE 93 TECO 2030: PRODUCTS OFFERED
                       TABLE 94 TECO 2030: DEALS
             12.1.8 ABB
                       TABLE 95 ABB: COMPANY OVERVIEW
                       FIGURE 69 ABB: COMPANY SNAPSHOT
                       TABLE 96 ABB: PRODUCTS OFFERED
                       TABLE 97 ABB: DEALS
             12.1.9 LOOP ENERGY INC.
                       TABLE 98 LOOP ENERGY INC.: COMPANY OVERVIEW
                       FIGURE 70 LOOP ENERGY INC.: COMPANY SNAPSHOT
                       TABLE 99 LOOP ENERGY INC.: PRODUCTS OFFERED
                       TABLE 100 LOOP ENERGY INC.: DEALS
             12.1.10 SIEMENS ENERGY
                       TABLE 101 SIEMENS ENERGY: COMPANY OVERVIEW
                       FIGURE 71 SIEMENS ENERGY: COMPANY SNAPSHOT
                       TABLE 102 SIEMENS ENERGY: PRODUCTS OFFERED
             12.1.11 CUMMINS INC.
                       TABLE 103 CUMMINS INC.: BUSINESS OVERVIEW
                       FIGURE 72 CUMMINS INC.: COMPANY SNAPSHOT
                       TABLE 104 CUMMINS INC.: PRODUCTS OFFERED
                       TABLE 105 CUMMINS INC.: DEALS
             12.1.12 AFC ENERGY PLC
                       TABLE 106 AFC ENERGY PLC: BUSINESS OVERVIEW
                       FIGURE 73 AFC ENERGY PLC: COMPANY SNAPSHOT
                       TABLE 107 AFC ENERGY PLC: PRODUCTS OFFERED
                       TABLE 108 AFC ENERGY PLC: DEALS
                       TABLE 109 AFC ENERGY PLC: OTHERS
             12.1.13 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
                       TABLE 110 TOSHIBA GLOBAL: COMPANY OVERVIEW
                       FIGURE 74 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT
                       TABLE 111 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
                       TABLE 112 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
             12.1.14 PROTON MOTOR POWER SYSTEMS PLC
                       TABLE 113 PROTON MOTOR POWER SYSTEMS PLC: COMPANY OVERVIEW
                       FIGURE 75 PROTON MOTOR POWER SYSTEMS PLC: COMPANY SNAPSHOT
                       TABLE 114 PROTON MOTOR POWER SYSTEMS PLC: PRODUCTS OFFERED
                       TABLE 115 PROTON MOTOR POWER SYSTEMS PLC: DEALS
             12.1.15 PANASONIC CORPORATION
                       TABLE 116 PANASONIC CORPORATION: COMPANY OVERVIEW
                       FIGURE 76 PANASONIC CORPORATION: COMPANY SNAPSHOT
                       TABLE 117 PANASONIC CORPORATION: PRODUCTS OFFERED
                       TABLE 118 PANASONIC CORPORATION: PRODUCT LAUNCHES
                       TABLE 119 PANASONIC CORPORATION: DEALS
             12.1.16 EODEV
                       TABLE 120 EODEV: BUSINESS OVERVIEW
                       TABLE 121 EODEV: PRODUCTS OFFERED
                       TABLE 122 EODEV: DEALS
             12.1.17 GENCELL LTD.
                       TABLE 123 GENCELL LTD.: COMPANY OVERVIEW
                       FIGURE 77 GENCELL LTD.: COMPANY SNAPSHOT
                       TABLE 124 GENCELL LTD.: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 FUJI ELECTRIC CO., LTD.
             12.2.2 POWERUP ENERGY TECHNOLOGIES
             12.2.3 TW HORIZON FUEL CELL TECHNOLOGIES
             12.2.4 ALTERGY
             12.2.5 FREUDENBERG SEALING TECHNOLOGIES GMBH & CO. KG
             12.2.6 BOC LIMITED
             12.2.7 H2SYS
             12.2.8 GAUSSIN
             12.2.9 YANMAR HOLDINGS CO., LTD
 
13 APPENDIX (Page No. - 199)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the fuel cell generator market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the fuel cell generators market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, IMF, IEA, and US EIA, to identify and collect information useful for a technical, market-oriented, and commercial study of the market. The other secondary sources included press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The fuel cell generator market comprises several stakeholders such as fuel cell generator manufacturers, manufacturing technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for fuel cell generator in, generation, transmission, and distribution application. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Fuel Cell Generator Market Core (vEPC) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Fuel Cell Generator Market Size: Tow-Down Approach

Fuel Cell Generator Market Core (vEPC) Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Defenition

Fuel cell generators (FCGs) are advanced energy devices that convert chemical energy from a fuel source, typically hydrogen, into electricity through an electrochemical process. These generators consist of various components, including an electrolyte, an anode, a cathode, and a catalyst. Additionally, FCG comprises fuel cell stacks and other balance of plant (BoP) system components such as a container, a power inverter, ultracapacitors, a cooling system, a fuel storage system, a system controller, and a data acquisition equipment.

The market growth is being driven by the increasing demand of clean energy, and the government initiatives to promote adoption of clean fuel.

Key Stakeholders

  • Ceramic and electrolyte manufacturers
  • Consulting companies in the energy & power sector
  • Environmental research institutes
  • Fuel cell and stack manufacturers
  • Government and research organizations
  • Institutional investors/shareholders
  • Power and energy associations
  • Repair and maintenance service providers
  • Fuel cell technology manufacturing companies
  • Organizations, forums, alliances, and associations
  • Research and consulting companies in the clean energy generation sector
  • State and national regulatory authorities

Objectives of the Study

  • To define, describe, segment, and forecast the fuel cell generator market size, by end user and region, in terms of value and volume
  • To forecast the market size across five key regions, namely North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
  • To analyze the market using macro factors such as CO2 emissions level and the number of ships at the country level
  • To describe three types of fuel cell technologies used in backup power generators—proton-exchange membrane fuel cell (PEMFC), solid oxide fuel cell (SOFC), and alkaline fuel cell (AFC)
  • To provide detailed information about the key drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
  • To strategically analyze the fuel cell generators market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To provide information pertaining to the supply chain, trends/disruptions impacting customer business, market map, pricing of fuel cell generators, and regulatory landscape pertaining to the market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, upcoming expansions, and their contributions to the overall market
  • To analyze opportunities for stakeholders in the market and draw a competitive landscape for market players
  • To benchmark players within the market using the company evaluation quadrant, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To compare key market players with respect to the market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies2.
  • To track and analyze competitive developments in the market, sales contracts, agreements, investments, expansions, product launches, alliances, mergers, partnerships, joint ventures, collaborations, and acquisitions.

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  • Detailed analyses and profiling of additional market players
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Report Code
EP 8127
Published ON
Jun, 2023
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