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Global Fuel Cell Market by Technology, Application, Type, Geography, Fuel, Installation, Trends and Forecasts (2011 – 2016)

By: marketsandmarkets.com
Publishing Date: May 2011
Report Code: EP 1563

Fuel cells convert chemical energy into electrical energy through electromechanical reaction, just like a battery; the only difference is that the fuel is supplied from outside; thereby making the fuel cell feel like an engine converting fuel into electricity without burning it. Fuel cells have different types such as proton exchange membrane (PEM), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC), and many more differentiated on the basis of components used and type of reaction taking place within the cell. They can use variety of fuels such as hydrogen, methanol, biogas, natural gas, and hydrocarbons. When working with hydrogen, they generate water as outcome and give electricity with zero emission.

Fuel cell is an alternative energy still in the demonstration phase, except fuel segments where it has already been commercialized like micro cogeneration and heat production (CHP), backup power for telecom towers, and forklifts. Fuel cell has a stronger future as compared to the other alternatives such as wind and sun since it offers more breadth of applicability and reliability.

Further, it has capability to store energy from intermittent sources such as wind and sun in the form of hydrogen.

This report categorizes all the present applications into three segments: transportation, stationary, and portable. Stationary application fuel cells are for stationary applications and usually connected to the electric grid to provide supplemental power or installed for on-site generation. Stationary fuel cells can be used for backup power such as telecom towers and data centers and distributed generation (DG). They are mostly used for combined heat and power (CHP) production to utilize extra heat produced by fuel cells. Stationary is the most commercialized application as compared to transportation and portable; with majority of the stationary applications already commercialized between 2008 and 2010.

Transportation fuel cells can be used for light vehicles such as cars; heavy vehicles - buses; locomotives; commercial aircraft; specialty vehicles such as forklifts; and auxiliary power units (APUs) for yachts, caravans, marine vessels, and aircraft. Transportation applications are not as commercialized as stationary applications due to the unavailability of refueling infrastructure. Currently, a few segments such as forklifts and APUs for yachts are using fuel cells commercially. On the other hand, the purpose of portable power is to provide energy where no electric grid or fuel supply is available. It should be movable and able to store energy.

Global fuel cell market reached 0.14 million unit shipments in 2010 from mere 11 thousand units in 2007. During this period, shipments grew by CAGR of 132% and are further expected to rise by 115% CAGR from 2011 to 2016. The global fuel cell market which is at $650 million will be at $1.6 billion in the year 2016.

The report “Global fuel cell market by Technology, Application, Type, Geography, Fuel, Installation, Trends and Forecasts (2011 – 2016)” highlights market trends, opportunities, and inhibitors with respect to fuel cells. It divides global fuel cell market by geographies, technologies/types, applications, and fuel used and forecasts each market till 2016 in terms of quantity, capacity, and value.

Market covered

This report breaks the global fuel cell market into four major segments, i.e. geographies, applications, technologies/types, and fuel used. Each market is analyzed in terms of unit shipments, MW capacity and value and forecasted for 2011-2016.

Geography: North America, Europe and Asia and major countries in those regions such as U.S., Canada, Germany, UK, Japan, and South Korea
Application: Stationary, transportation, and portable
Technology/Type: Proton Exchange Membrane Fuel Cell (PEMFC), Direct Methanol Fuel Cell (DMFC), Solid Oxide Fuel Cell (SOFC), Molten Carbonate Fuel Cell (MCFC), and Phosphoric Acid Fuel Cell (PAFC)
Fuel used: Hydrogen, Methanol, Natural Gas/Methane, and Anaerobic Digester Gas/Biogas

Stakeholders

The intended audiences will be

Fuel cell Manufacturers
Fuel cell material suppliers
Institutional investors/shareholders
Research companies
National and local governments
Environmental research institutes
Renewable energy stakeholders especially solar and wind energy
Automotive manufacturers

TABLE OF CONTENTS

1 Introduction
1.1 Key Take-aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
      1.5.1 Market size
      1.5.2 Key data points taken from secondary sources
      1.5.3 Key data points taken from primary sources
      1.5.4 Assumptions

2 Executive Summary

3 Market Overview
3.1 Introduction
3.2 Burning Issues
      3.2.1 Cost of production
      3.2.2 Durability
      3.2.3 Hydrogen storage & transfer
3.3 Winning Imperatives
      3.3.1 Collaborations/partnerships for research
      3.3.2 Mergers & acquisitions
3.4 Market Dynamics
      3.4.1 Drivers
            3.4.1.1 Government support
            3.4.1.2 Good investment option
            3.4.1.3 Advantage over other back-up power options
            3.4.1.4 Higher energy density compared to battery
            3.4.1.5 Capacity to store energy from different sources
      3.4.2 Restraints
            3.4.2.1 High cost of catalyst
            3.4.2.2 Fuel infrastructure
            3.4.2.3 Durability of fuel cells
      3.4.3 Opportunities
            3.4.3.1 Huge market for green technology
            3.4.3.2 Fuel cell vehicles market
            3.4.3.3 Use of cheaper metals
3.5 Market Share Analysis
3.6 Investments
3.7 Cost Analysis
3.8 Value Chain Analysis
3.9 Porter’s Five forces Analysis for Fuel Cells
3.10 Patent Analysis

4 Global Fuel Cell Market – by Applications
4.1 Introduction
4.2 Global Fuel Cell Market by Applications
4.3 Stationary Applications Market
4.4 Transportation Applications Market
4.5 Portable Power

5 Fuel Cell Market – by Geography
5.1 Market Overview
5.2 North America
      5.2.1 U.S.
            5.2.1.1 Introduction
            5.2.1.2 Government policy
      5.2.2 Canada
            5.2.2.1 Introduction
            5.2.2.2 Government policy
5.3 Europe
      5.3.1 Market overview
      5.3.2 Germany
            5.3.2.1 Introduction
            5.3.2.2 Government policy
      5.3.3 UK
            5.3.3.1 Introduction
            5.3.3.2 Government policy
5.4 Asia Pacific
      5.4.1 Market Overview
      5.4.2 Japan
            5.4.2.1 Introduction
            5.4.2.2 Government policy
      5.4.3 South Korea
            5.4.3.1 Introduction
            5.4.3.2 Government policy

6 Global Fuel Cell Market – by Types/Technologies
6.1 Introduction
6.2 Market Overview
6.3 Polymer/Proton Exchange Membrane Fuel Cells (PEM)
6.4 Solid Oxide Fuel Cells (SOFC)
6.5 Molten Carbonate Fuel Cells
6.6 Phosphoric Acid Fuel Cells (PAFC)
6.7 Direct Methanol Fuel Cells (DMFC)
6.8 Alkaline Fuel Cells (AFC)
6.9 Direct Carbon Fuel Cells (DCFC)
6.10 Zinc Air Fuel Cells (ZAFC)
6.11 Protonic Ceramic Fuel Cells (PCFC)
6.12 Microbial Fuel Cells (MFC)

7 Global Fuel Cells Market – by Fuel
7.1 Market Overview
7.2 Hydrogen
7.3 Natural Gas/Methane
7.4 Methanol
7.5 Anaerobic Digester Gas

8 Competitive Landscape

9 Company Profiles
9.1 AFC ENERGY PLC
      9.1.1 Overview
      9.1.2 Financials
      9.1.3 Product Portfolio
      9.1.4 Strategy
      9.1.5 Developments
9.2 BLOOM ENERGY CORP
      9.2.1 Overview
      9.2.2 Financials
      9.2.3 Product Portfolio
      9.2.4 Strategy
      9.2.5 Developments
9.3 BALLARD POWER SYSTEMS INC.
      9.3.1 Overview
      9.3.2 Financials
      9.3.3 Product Portfolio
      9.3.4 Strategy
      9.3.5 Developments
9.4 CERAMIC FUEL CELLS LIMITED
      9.4.1 Overview
      9.4.2 Financials
      9.4.3 Product Portfolio
      9.4.4 Strategy
      9.4.5 Developments
9.5 CERES POWER HOLDINGS PLC
      9.5.1 Overview
      9.5.2 Financials
      9.5.3 Product Portfolio
      9.5.4 Strategy
      9.5.5 Developments
9.6 CLEAREDGE POWER
      9.6.1 Overview
      9.6.2 Financials
      9.6.3 Product Portfolio
      9.6.4 STRATEGIC ANALYSIS
      9.6.5 Developments
9.7 FUELCELL ENERGY
      9.7.1 Overview
      9.7.2 Financials
      9.7.3 Product Portfolio
      9.7.4 Strategy
      9.7.5 Developments
9.8 GENPORT SRL
      9.8.1 Overview
      9.8.2 Financials
      9.8.3 Product Portfolio
      9.8.4 Strategy
      9.8.5 Developments
9.9 GS FUELCELL
      9.9.1 Overview
      9.9.2 Financials
      9.9.3 Strategy
      9.9.4 Developments
9.10 HELIOCENTRIS FUEL CELLS AG
      9.10.1 Overview
      9.10.2 Financials
      9.10.3 Product Portfolio
      9.10.4 Strategy
      9.10.5 Developments
9.11 HORIZON FUEL CELL TECHNOLOGIES
      9.11.1 Overview
      9.11.2 Financials
      9.11.3 Product Portfolio
      9.11.4 Strategy
      9.11.5 Developments
9.12 HYDROGENICS CORPORATION
      9.12.1 Overview
      9.12.2 Financials
      9.12.3 Product Portfolio
      9.12.4 Strategy
      9.12.5 Developments
9.13 IDATECH
      9.13.1 Overview
      9.13.2 Financials
      9.13.3 Product Portfolio
      9.13.4 Strategy
      9.13.5 Developments
9.14 MTI MICRO FUEL CELLS
      9.14.1 Overview
      9.14.2 Financials
      9.14.3 Product Portfolio
      9.14.4 Strategy
      9.14.5 Developments
9.15 NEDSTACK FUEL CELL TECHNOLOGY BV
      9.15.1 Overview
      9.15.2 Financials
      9.15.3 Product Portfolio
      9.15.4 Strategy
      9.15.5 Developments
9.16 NIPPON OIL CORPORATION
      9.16.1 Overview
      9.16.2 Financials
      9.16.3 Product Portfolio
      9.16.4 Strategy
      9.16.5 Developments
9.17 NUVERA FUEL CELLS
      9.17.1 Overview
      9.17.2 Financials
      9.17.3 Product Portfolio
      9.17.4 Strategy
      9.17.5 Developments
9.18 OORJA PROTONICS
      9.18.1 Overview
      9.18.2 Financials
      9.18.3 Product Portfolio
      9.18.4 Strategy
      9.18.5 Developments
9.19 PANASONIC CORPORATION
      9.19.1 Overview
      9.19.2 Financials
      9.19.3 Product Portfolio
      9.19.4 Strategy
      9.19.5 Developments
9.20 PLUG POWER INC.
      9.20.1 Overview
      9.20.2 Financials
      9.20.3 Product Portfolio
      9.20.4 Strategy
      9.20.5 Developments
9.21 PROTONEX TECHNOLOGY CORPORATION
      9.21.1 Overview
      9.21.2 Financials
      9.21.3 Product Portfolio
      9.21.4 Strategy
      9.21.5 Developments
9.22 RELION INC.
      9.22.1 Overview
      9.22.2 FINANCIAL Overview
      9.22.3 PRODUCTS
      9.22.4 Strategy
      9.22.5 Developments
9.23 SFC ENERGY AG
      9.23.1 Overview
      9.23.2 Financials
      9.23.3 Product Portfolio
      9.23.4 Strategy
      9.23.5 Developments
9.24 TOPSOE FUEL CELL
      9.24.1 Overview
      9.24.2 Financials
      9.24.3 Product Portfolio
      9.24.4 Strategy
      9.24.5 Developments
9.25 TOSHIBA CORPORATION
      9.25.1 Overview
      9.25.2 Financials
      9.25.3 Product Portfolio
      9.25.4 Strategy
      9.25.5 Developments
9.26 UTC POWER
      9.26.1 Overview
      9.26.2 Financials
      9.26.3 Product Portfolio
      9.26.4 Strategy
      9.26.5 Developments

APPENDIX
U.S. Patents
Europe Patents
Asia Patents
WIPO Patents

LIST OF TABLES

1 Global Fuel Cell Market (2009 – 2016)
2 Worldwide Market Potential for Fuel Cells In 2011
3 Global Fuel Cells Market (2009 – 2016)
4 Impact Analysis – Drivers, Restraints & Opportunities (2011 – 2016)
5 Energy Density – Fuel Cells V/S Battery
6 Fuel Options for Fuel Cells
7 GHG Emissions – Fuel Cell V/S. Ic Engine
8 Global Light Vehicle Market Revenues, by Geography 2009 - 2015 (Million Units)
9 Top Fuel Cell Manufacturers
10 Top Fuel Cell Manufacturers, by Product Portfolio
11 R&D Expenditure, by Companies 2007 – 2009 ($Thousand)
12 Fuel Cell System Cost Per KW, by Applications 2009 – 2016 ($)
13 Number of Patents for Fuel Cells, by Technology (2008 – 2010)
14 Fuel Cell Characteristics, by Applications
15 Fuel Cell Features & Issues, by Applications
16 Global Fuel Cell Market, by Applications 2009 – 2016 (Unit Shipments)
17 Global Fuel Cell Market, by Applications 2009 – 2016 (Mw)
18 Fuel Cell Capacity, by Applications 2007 – 2016 (KW per Units)
19 Global Fuel Cell Market Revenues, by Applications 2009 – 2016 ($Million)
20 Cost of Fuel Cells, by Applications 2009 – 2016 ($ Per KW)
21 Stationary Fuel Cells Commercialization
22 Stationary Fuel Cells Market, by Region 2009 – 2016 (Units)
23 Stationary Fuel Cells Market, by Region 2009 – 2016 (Mw)
24 Stationary Fuel Cells Market Revenues, by Region 2009 – 2016 ($Million)
25 Transportation Fuel Cells Commercialization
26 Fuel Cells Vehicles by Automakers (2010)
27 Transportation Fuel Cells Market, by Region 2009 – 2016 (Units)
28 Transportation Fuel Cells Market, by Region 2009 – 2016 (Mw)
29 Transportation Fuel Cells Market Revenues, by Region 2009 – 2016 ($Million)
30 Porfuel Cells Commercialization
31 Different Porapplications
32 Porfuel Cells Market, by Region 2009 – 2016 (Units)
33 Porfuel Cells Market, by Region 2009 – 2016 (Mw)
34 Porfuel Cells Market Revenues, by Region 2009 – 2016 ($Million)
35 Global Fuel Cells Market, by Region 2009 – 2016 (Units)
36 Global Fuel Cells Market, by Region 2009 – 2016 (Mw)
37 Global Fuel Cells Market Revenues, by Region 2009 – 2016 ($Million)
38 North America: Fuel Cells Market, by Applications 2009 – 2016 (Units)
39 North America: Fuel Cells Market, by Applications 2009 – 2016 ($Million)
40 North America: Fuel Cells Market, by Fuel Cell Technology 2009 – 2016 (Units)
41 North America: Fuel Cells Market Revenues, by Fuel Cell Technology 2009 – 2016 ($Million)
42 U.S.: Fuel Cell Developments, by States
43 California: Incentive Eligibility Criteria for Fuel Cells
44 Europe: Fuel Cells Market, by Applications 2009 – 2016 (Units)
45 Europe: Fuel Cells Market, by Applications 2009 – 2016 (MW)
46 Europe: Fuel Cells Market Revenues, by Applications 2009 – 2016 ($Million)
47 Europe: Fuel Cells Market, by Fuel Cell Technology 2009 – 2016 (Units)
48 Europe: Fuel Cells Market Revenues, by Fuel Cell Technology 2009 – 2016 ($Million)
49 Germany: Fuel Cells Market, by Applications 2009 – 2016 (Units)
50 Germany: Fuel Cells Market, by Applications 2009 – 2016 (Mw)
51 Germany: Fuel Cells Market Revenues, by Applications 2009 – 2016 ($Million)
52 Asia: Fuel Cells Market, by Applications 2009 – 2016 (Units)
53 Asia: Fuel Cells Market, by Applications 2009 – 2016 (Mw)
54 Asia: Fuel Cells Market Revenues, by Applications 2009 – 2016 ($Million)
55 Asia: Fuel Cells Market, by Fuel Cell Technology 2009 – 2016 (Units)
56 Asia: Fuel Cells Market Revenues, by Fuel Cell Technology 2009 – 2016 ($Million)
57 First ‘Ene-Farm’ Launched In Japan
58 Stationary Fuel Cells Installations In Japan (2005 – 2009)
59 Stationary Fuel Cells Installations In Japan (2009 – 2016)
60 Budget for Fuel Cells In Japan 2009 – 2010 ($Million)
61 South Korea: Residential Stationary Fuel Cells Market (2011 – 2016)
62 South Korea: Policies for New & Renewable Energy
63 Fuel Cells Characteristics, by Types
64 Types of Fuel Cells – Pros & Cons
65 Global Fuel Cells Market, by Types 2009 – 2016 (Units)
66 Global Fuel Cells Market, by Types 2009 – 2016 (Mw)
67 Global Fuel Cells Market Revenues, by Types 2009 – 2016 ($Million)
68 Proton Exchange Membrane (PEM) Fuel Cells Market, by Region 2009 – 2016 (Units)
69 Proton Exchange Membrane (PEM) Fuel Cells Market, by Region 2009 – 2016 (Mw)
70 Proton Exchange Membrane (PEM) Fuel Cells Market, by Region 2009 – 2016 ($Million)
71 Solid Oxide Fuel Cell (SOFC) Market, by Region 2009 – 2016 (Units)
72 Solid Oxide Fuel Cell (SOFC) Market, by Region 2009 – 2016 (Mw)
73 Solid Oxide Fuel Cell (SOFC) Market Revenues, by Region 2009 – 2016 ($Million)
74 Molten Carbonate Fuel Cell (MCFC) Market, by Region 2009 – 2016 (Units)
75 Molten Carbonate Fuel Cell (MCFC) Market, by Region 2009 – 2016 (Mw)
76 Molten Carbonate Fuel Cell (MCFC) Market Revenues, by Region 2009 – 2016 ($Million)
77 Phosphoric Acid Fuel Cell (PAFC) Market, by Region 2009 – 2016 (Units)
78 Phosphoric Acid Fuel Cell (PAFC) Market, by Region 2009 – 2016 (Mw)
79 Phosphoric Acid Fuel Cell (PAFC) Market Revenues, by Region 2009 – 2016 ($Million)
80 Direct Methanol Fuel Cell (DMFC) Market, by Region 2009 – 2016 (Units)
81 Direct Methanol Fuel Cell (DMFC) Market, by Region 2009 – 2016 (Mw)
82 Direct Methanol Fuel Cell (DMFC) Market Revenues, by Region 2009 – 2016 ($Million)
83 Global Fuel Cells Market Revenues, by Fuel Used ($Million)
84 Global Hydrogen Fuel Cells Market, by Region (Units)
85 Global Hydrogen Fuel Cells Market, by Region (Mw)
86 Global Hydrogen Fuel Cells Market Revenues, by Region ($Million)
87 Global Natural Gas Fuel Cells Market, by Region (Units)
88 Global Natural Gas Fuel Cells Market, by Region (Mw)
89 Global Natural Gas Fuel Cells Market Revenues, by Region ($Million)
90 Global Methanol Fuel Cells Market, by Region (Units)
91 Global Methanol Fuel Cells Market, by Region (Mw)
92 Global Methanol Fuel Cells Market Revenues, by Region ($Million)
93 Global Anaerobic Digester Gas Fuel Cells Market, by Region (Units)
94 Global Anaerobic Digester Gas Fuel Cells Market, by Region (Mw)
95 Global Anaerobic Digester Gas Fuel Cells Market Revenues, by Region ($Million)
96 Research & Development & Product Launches (March 2011 – December 2009)
97 Demonstration Activities (February 2011 – December 2009)
98 Investments (February 2011 – December 2009)
99 Expansions (February 2011 – December 2009)
100 Joint Ventures/Partnerships (March 2011 – December 2009)
101 Mergers & Acquisitions (February 2011 – December 2009)

LIST OF FIGURES

1 Transportation: Cost of Fuel Cell Systems (2002 – 2015)
2 Global Fuel Cells Market Share, by Fuel Cell Manufacturers (2009)
3 Private Investments in Fuel Cells, by Country
4 Operating Cost – Fuel Cells V/S. IC Engine
5 Cost Breakdown for Fuel Cell Systems
6 Cost Breakdown for Fuel Cell Stacks
7 Value Chain for Fuel Cell Industry
8 Number of Patents for Fuel Cells, by Region (2008 – 2010)
9 Number of Patents for Hydrogen Storage Technology, by Region (2008 – 2010)
10 Market Share in Patent Publications, by Companies (2008 – 2010)
11 Stationary Fuel Cells: Market Share, by Geography (2009 – 2016)
12 Transportation Fuel Cells: Market Share, by Geography (2009 – 2016)
13 Porfuel Cell: Market Share, by Geography (2007 – 2016)
14 Global Commercial Fuel Cells Demand (2008)
15 Market Shares of Fuel Cells, by Country 2009 – 2016 (Unit Shipments)
16 Market Share of Fuel Cells, by Country 2009 – 2016 ($Million)
17 Shift in Market Share, by Fuel Cell Types (2009 – 2016)
18 Shift in Market Share, by Fuel Cell Types (2009 – 2016)
19 UK Companies Focus on SOFC (2009)
20 Stationary PEMFC Cost (2005 – 2008)
21 Stationary Fuel Cell Installations Growth in Japan (2005 – 2016)

Global Fuel Cell Market to grow exponentially from 2011 to 2016

Fuel cell industry has recently emerged from research and development to commercialization phase. In 2008, fuel cells industry started gaining momentum with a few segments such as telecom towers’ fuel cell backup power systems and fuel cell forklifts. By 2010, some more segments such as residential cogeneration and heat production (CHP) units and auxiliary power units (APUs) were commercialized.

Currently, major factors driving the fuel cell market are private equity & venture capital investments, governmental subsidies, advantage over the other backup power options, higher energy density as compared to batteries, and capacity to store energy from intermittent sources such as wind and sun. By 2010, the industry reached annual shipments of around 141 thousand units; equivalent to 240 MW capacity and $650 million market value. From 2011 to 2016, this market is estimated to grow by CAGR of 115% in annual unit shipments and 17.6% in market value.

Global Fuel Cell Market, 2009 – 2016 ($Million)

Source: MarketsandMarkets

In 2016, North America will be the largest market with $594 million; i.e. 37% market share due to development of fuel cell vehicles market in California, U.S. North America will grow by 32.3% CAGR from 2011 to 2016; followed by Europe, which will grow by 26.6% during the same period. Among the countries, currently, the U.S. is the largest market with estimated 45% market share i.e. $225 million as of 2009. Japan is the fastest growing market and will grow in market share from 14% in 2009 to 26% in 2016.

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