HOME Top Market Reports Fuel Cell Technology Market by Type (PEMFC, MCFC, SOFC, DMFC, PAFC, OTHERS), by Application (Stationary, Portable, Transportation) and Geography - Global Trends and Forecasts Till 2019

Fuel Cell Technology Market by Type (PEMFC, MCFC, SOFC, DMFC, PAFC, OTHERS), by Application (Stationary, Portable, Transportation) and Geography - Global Trends and Forecasts Till 2019

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: EP 2762

 

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Fuel cells convert chemical energy into electrical energy through an electromechanical reaction, 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 are of different types such as proton exchange membrane (PEM), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC) and many more differentiated ones based on the components used and type of reaction taking place within the cell. They can use a variety of fuels such as hydrogen, methanol, biogas, natural gas, and hydrocarbons. When working with hydrogen, fuel cells generate water as outcome and produce electricity with zero emission. The fuel cells are gaining worldwide importance as the demand for clean energy is increasing and due to continuous depletion of global oil and gas reserves. Furthermore, the focus is shifting towards renewable energy generation which is backed by governments and companies worldwide. The demand for fuel cells is being driven by an increasing awareness and demand for zero emission energy sources.

The global fuel cell market is segmented firstly on the basis of its applications such as portable, transportation, and stationary applications. Secondly, it is segmented on the basis of technology such as Polymer/Proton Exchange Membrane (PEM) Fuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, and Molten Carbonate Fuel Cell, among others. Lastly, the market is segmented on the basis of geography such as North America, Europe, Asia-Pacific, and Rest of World. Each region has been analyzed with respect to its market trends, growth, and future prospective of the fuel cell market. The data has been analyzed during the period 2012 to 2019.

The global fuel cell market size is estimated to reach $5.20 billion, by 2019. The unit shipments of fuel cells are expected to increase from 62,197 units in 2013, to 214,369 by 2019. Major factors responsible for the growth of fuel cell market include the ability of fuel cells in stationary, portable and transportation applications to function as an off grid power source, which has zero emission and is cleaner. The key concerns in the industry pertain to the high cost of catalyst, commercialization of fuel cells, and establishment of fuel cell infrastructure.

Fuel Cell Market Size (Volume), by Unit Shipments, 2014-2019

Fuel Cell Technology Market

Source: MarketsandMarkets Analysis

The report classifies and defines the market size for fuel cell industry. It covers qualitative data about the fuel cell technologies used in various applications. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the fuel cell market. Key players in the industry are profiled in detail along with, their recent developments. Some of these include Ballard (Canada), Ceramic Fuel Cell (Australia), FuelCell Energy (U.S.), Hydrogenics (Canada), and Plug Power (U.S.).

Fuel cell is the fastest growing technology with multiple benefits as compared to batteries, in terms of quantity of energy stored. In portable applications, fuel cells can be used for devices such as mobiles, laptop, and camera, among others. Portable fuel cells typically replace or augment battery technology and exploit either PEM, or DMFC technology. PEM fuel cells use direct hydrogen, with no point-of-use emissions, whereas DMFCs emit small quantities of CO2. In terms of density, fuel cells offer more energy density, which is an average of 400% more than batteries.

Scope of the Report

The global fuel cell market is analyzed in terms of market size ($million) for the aforesaid applications, technologies, and fuels; by regions.

By Geography

  • Asia-Pacific
  • Europe
  • North America
  • ROW

By Application

  • Portable
  • Stationary
  • Transportation

By Types

  • Polymer/Proton Exchange Membrane (PEM) Fuel Cell
  • Direct Methanol Fuel Cell (DMFC)
  • Phosphoric Acid Fuel Cell (PAFC)
  • Molten Carbonate Fuel Cells (MCFC)
  • Solid Oxide Fuel Cell (SOFC)
  • Others

Table of Contents 
 
1 Introduction (Page No.- 11)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Market Scope

2 Research Methodology (Page No.- 14)
    2.1 Introduction
    2.2 Market Size Estiamtion
    2.3 Crackdown of Primary Interview
          2.3.1 Market Crackdown and Data Triangulation
    2.4 Market Share Estimation
          2.4.1 Key Data Points Taken From Secondary Sources
          2.4.2 Key Data Points From Primary Sources
    2.5 Key Industry Insights
    2.6 Assumptions

3 Executive Summary (Page No.- 21)

4 Premium Insights (Page No.- 24)
    4.1 Attractive Market Opportunities in Fuel Cell Technology
    4.2 Top Three Fuel Cell Types: PEMFC, SOFC, MCFC
    4.3 Asia-Pacific Dominating the Global Market
    4.4 Current Market and Growth Analysis
    4.5 Fuel Cell Market Share in Terms of Capacity, Units Shipped & Value
    4.6 Stationary Fuel Cells Expected to Dominate Globally

5 Market Overview (Page No.- 30)
    5.1 Introduction
    5.2 Fuel Cell  Technology Market, By Applications
          5.2.1 Introduction
          5.2.2 Transportation Application
          5.2.3 Stationary Application
          5.2.4 Portable Application
    5.3 Fuel Cell  Technology Market, By Types
          5.3.1 Introduction
    5.4 Market Dynamics
          5.4.1 Drivers
                   5.4.1.1 Increasing Private and Public Investments
                   5.4.1.2 Higher Energy Density Compared to Battery
                   5.4.1.3 Requirement of More Resilient Energy Systems
                   5.4.1.4 Advantage Over the Backup Power Option
                   5.4.1.5 New Technologies in Hydrogen Storage
          5.4.2 Restraints
                   5.4.2.1 High Cost of Catalyst
                   5.4.2.2 Durability of Fuel Cell
                   5.4.2.3 Fuel Infrastructure
          5.4.3 Opportunities
                   5.4.3.1 Emerging New Technology Market
                   5.4.3.2 High Demand in Fuel Cell Vehicles Market
                   5.4.3.3 Use of Cheaper Metals

6 Industry Trends (Page No.- 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
    6.4 Porter’s Analysis
          6.4.1 Threat of Substitutes
          6.4.2 Threat of New Entrants
          6.4.3 Bargaining Power of Buyers
          6.4.4 Bargaining Power of Suppliers
          6.4.5 Industry Competition

7 Fuel Cell Market, By Type/Technology (Page No.- 46)
    7.1 Introduction
    7.2 Polymer/ Proton Exchange Membrane Fuel Cells (PEM)
    7.3 Solid Oxide Fuel Cells (SOFC)
    7.4 Molten Carbonate Fuel Cells (MCFC)
    7.5 Phosphoric Acid Fuel Cells (PAFC)
    7.6 Direct Methanol Fuel Cells ( DMFC)
    7.7 Others
    7.8 Introduction
    7.9 Global Fuel Cell Market By Applications
    7.10 Stationery Applications Market
    7.11 Transportation Applications Market
    7.12 Portable Power

8 Global Fuel Cell Market, By Geography (Page No.- 70)
    Key Findings 
    8.1 Market Overview
    8.2 North America
    8.3 Europe
          8.3.1 Market Overview
    8.4 Asia-Pacific
          8.4.1 Market Overview
          8.4.2 Rest of the World (ROW)

9 Competitive Landscape (Page No.- 89)
    9.1 Overview
    9.2 Contract Awards
    9.3 New Product/Service Launches
    9.4 Expansion
    9.5 Mergers & Acquisitions
    9.6 Other Developments

10 Company Profiles (Page No.- 118)
     10.1 AFC Energy
             10.1.1 Business Overview
             10.1.2 Products & Services
             10.1.3 Key Strategies
             10.1.4 Recent Developments
     10.2 Aisin Seiki Co. Ltd.
             10.2.1 Business Overview
             10.2.2 Product offerings
             10.2.3 Strategies & Insights
             10.2.4 Developments
             10.2.5 SWOT Analysis
             10.2.6 MNM View
     10.3 Ballard Power Systems Inc.
             10.3.1 Business Overview
             10.3.2 Products & Services
             10.3.3 Key Strategies
             10.3.4 Recent Developments
     10.4 Bloom Energy
             10.4.1 Business Overview
             10.4.2 Product offerings
             10.4.3 Strategy & Insights
             10.4.4 Recent Developments
     10.5 Ceramic Fuel Cells Limited
             10.5.1 Business Overview
             10.5.2 Product offerings
             10.5.3 Key Strategies
             10.5.4 Recent Developments
     10.6 Ceres Power Holdings PLC
             10.6.1 Business Overview
             10.6.2 Products & Services
             10.6.3 Key Strategies
             10.6.4 Recent Developments
     10.7 Doosan Corporation
             10.7.1 Business Overview
             10.7.2 Product offerings
             10.7.3 Key Strategies
             10.7.4 Recent Developments
     10.8 Fuelcell Energy
             10.8.1 Business Overview
             10.8.2 Product offerings
             10.8.3 Strategies & Insights
             10.8.4 Recent Developments
             10.9 Horizon Fuel Cell Technologies
             10.9.1 Business Overview
             10.9.2 Product offerings
             10.9.3 Key Strategies
             10.9.4 Recent Developments
     10.10 Hydrogenics Corporation
             10.10.1 Business Overview
             10.10.2 Product offerings
             10.10.3 Key Strategies
             10.10.4 Recent Developments
             10.10.5 SWOT Analysis
             10.10.6 MNM View
     10.11 Kyocera
             10.11.1 Business Overview
             10.11.2 Product offerings
             10.11.3 Strategies & Insights
             10.11.4 Recent Development
     10.12 Panasonic Corporation
             10.12.1 Business Overview
             10.12.2 Product offerings
             10.12.3 Key Strategies
             10.12.4 Recent Developments
             10.12.5 SWOT Analysis
             10.12.6 MNM View
     10.13 Plug Power Inc.
             10.13.1 Business Overview
             10.13.2 Product offerings
             10.13.3 Key Strategies
             10.13.4 Recent Developments
     10.14 Toshiba Corporation
             10.14.1 Business Overview
             10.14.2 Product offerings
             10.14.3 Key Strategies
             10.14.4 Recent Developments
             10.14.5 SWOT Analysis
             10.14.6 MNM View
 
 
List of Tables (76 Tables) 
 
Table 1 Fuel Cell Characterstics, By Applications
Table 2 Transportation Fuel Cell Commercialization
Table 3 Stationary Fuel Cell Commercializations
Table 4 Different Portable  Application
Table 5 Fuel Cell Characterstics, By Types
Table 6 Fuel Cell Types, Pros & Cons
Table 7 Fuel Cell Technology Market Size , By Type, 2012-2019 (Units)
Table 8 Fuel Cell Technology Market Size, By Type, 2012-2019 (MW)
Table 9 Fuel Cell Technology Market Size, By Type, 2012-2019 ($Million)
Table 10 Proton Exchange Membrane Fuel Cell Market Size, By Region, 2012 – 2019 (Units)
Table 11 Proton Exchange Membrane Fuel Cell Market Size, By Region, 2012 – 2019 (MW)
Table 12 Proton Exchange Membrane Fuel Cell Market Size, By Region, 2012 – 2019 ($Million)
Table 13 Solid Oxide Fuel Cell Market Size, By Region, 2012 – 2019 (Units)
Table 14 Solid Oxide Fuel Cell Market Size, By Region, 2012-2019 (MW)
Table 15 Solid Oxide Fuel Cells Market Size, By Region, 2012– 2019 ($Million)
Table 16 Molten Carbonate Fuel Cell Market Size, By Region, 2012– 2019 (Units)
Table 17 Molten Carbonate Fuel Cell Market Size, By Region, 2012-2019 (MW)
Table 18 Molten Carbonate Fuel Cells Market Size, By Region, 2012 – 2019 ($Million)
Table 19 Phosphoric Acid Fuel Cell Market Size, By Region, 2012-2019 (Units)
Table 20 Phosphoric  Fuel Cell Market Size, By Region, 2012-2019 (MW)
Table 21 Phosphoric Fuel Cell Market Size, By Region, 2012-2019 ($Million)
Table 22 Direct Methanol Fuel Cell Market Size, By Region, 2012-2019 (Units)
Table 23 Direct Methanol Fuel Cell Market Size, By Region, 2012-2019 (MW)
Table 24 Direct Methanol Fuel Cell Market Size, By Region, 2012-2019 ($Million)
Table 25 Other Fuel Cell Market Size, By Region, 2012-2019 (Units)
Table 26 Other Fuel Cell Market Size, By Region, 2012-2019 (MW)
Table 27 Other Fuel Cell Market Size, By Region, 2012-2019 ($Million)
Table 28 Fuel Cell Characteristics, By Applications
Table 29 Fuel Cell Features & Issues, By Applications
Table 30 Global Fuel Cell Market, By Applications, 2014 – 2019 (Unit Shipments)
Table 31 Global Fuel Cell Market, By Applications, 2014 – 2019 (MW)
Table 32 Global Fuel Cell Market, By Applications, 2014 – 2019 ($Million)
Table 33 Stationary Fuel Cells Commercialization
Table 34 Stationary Fuel Cells Market, By Region, 2014 – 2019 (Unit Shipments)
Table 35 Stationary Fuel Cells Market, By Region, 2014 – 2019(MW)
Table 36 Stationary Fuel Cells Market, By Region, 2014 – 2019($ Million)
Table 37 Transportation Fuel Cells Commercialization
Table 38 Transportation Fuel Cells Market, By Region, 2014 – 2019 (Unit Shipments)
Table 39 Transportation Fuel Cells Market, By Region, 2014 – 2019 (MW)
Table 40 Transportation Fuel Cells Market, By Region, 2014 – 2019 ($ Million)
Table 41 Different Portable Application
Table 42 Portable Fuel Cells Market, By Region, 2014 – 2019 (Unit Shipment)
Table 43 Portable Fuel Cells Market, By Region, 2014 – 2019 (MW)
Table 44 Portable Fuel Cells Market, By Region, 2014 – 2019 ($ Million)
Table 45 Fuel Cell Market Size, By Region, 2014-2019 (Unit Shipments)
Table 46 Fuel Cell Market Size, By Region, 2014-2019 (MW)
Table 47 Fuel Cell Market Size, By Region, 2014 – 2019 ($Million)
Table 48 North America: Fuel Cell Market Size, By Application, 2014 – 2019 (Unit Shipments)
Table 49 North America: Fuel Cell Market Size, By Application, 2014 – 2019 (MW)
Table 50 North America: Fuel Cell Market Size, By Application, 2014 – 2019 ($Million)
Table 51 North America: Fuel Cell Market Size, By Type, 2014 – 2019 (Unit Shipments)
Table 52 North America: Fuel Cell Market Size, By Type, 2014 – 2019 (MW)
Table 53 North America: Fuel Cell Market Size, By Type, 2014 – 2019 ($Million)
Table 54 Europe: Fuel Cell Market Size, By Application, 2014 – 2019 (Unit Shipments)
Table 55 Europe: Fuel Cell Market Size, By Application, 2014 – 2019 (MW)
Table 56 Europe: Fuel Cell Market Size, By Application, 2014 – 2019 ($Million)
Table 57 Europe: Fuel Cell Market Size, By Type, 2014 – 2019 (Unit Shipments)
Table 58 Europe: Fuel Cell Market Size, By Type, 2014 – 2019 (MW)
Table 59 Europe: Fuel Cell Market Size, By Type, 2014 – 2019 ($Million)
Table 60 Asia-Pacific: Fuel Cell Market Size, By Application, 2014 – 2019 (Unit Shipments)
Table 61 Asia-Pacific: Fuel Cell Market Size, By Application, 2014 – 2019 (MW)
Table 62 Asia-Pacific: Fuel Cell Market Size, By Application, 2014-2019 ($ Million)
Table 63 Asia-Pacific: Fuel Cell Market, By Fuel Cell Type, 2014-2019 (Unit Shipments)
Table 64 Asia-Pacific: Fuel Cell Market Size, By Type, 2014-2019 (MW)
Table 65 Asia-Pacific: Fuel Cell Market Size, By Type, 2014 – 2019 ($Million)
Table 66 ROW: Fuel Cell Market Size, By Application, 2014 – 2019 (Unit Shipments)
Table 67 ROW: Fuel Cell Market Size, By Application, 2014 – 2019 (MW)
Table 68 ROW: Fuel Cell Market, By Application, 2014 – 2019 ($Million)
Table 69 ROW: Fuel Cell Market Size, By  Type,  2014 – 2019 (Unit Shipments)
Table 70 ROW: Fuel Cell Market Size, By Type, 2014 – 2019 (MW)
Table 71 ROW: Fuel Cell Market Size, By Type, 2014 – 2019 ($Million)
Table 72 Contracts, 2011-2014
Table 73 New Product/Service Launches
Table 74 Expansion, 2011-2014
Table 75 Mergers & Acquisitions, 2011-2014
Table 76 Other Developments, 2011-2014
 
 
List of Figures (35 Figures) 
 
Figure 1 Markets Covered: Global Fuel Cell Market
Figure 2 Fuel Cell Technology Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Crackdown of Primary Interviews: By Company Type, Designation, & Region
Figure 6 Data Triangulation Methodology
Figure 7 Fuel Cell Market Snapshot (2014 Vs 2019): Market for PEMFC is Expected to Double in the Next Five Years
Figure 8 Global Fuel Cell Market, By Type, 2014
Figure 9 Global Fuel Cell Market Share, 2014
Figure 10 Attractive Market Opportunity in Fuel Cell Technology, 2014-2019
Figure 11 Top Three Fuel Cell Type: PEMFC, SOFC, MCFC
Figure 12 Asia-Pacific Dominating the Global Market, 2014-2019
Figure 13 Market Share of Each Segemnts (Value, Capacity, Units),By Geography 2013
Figure 14 Stationary Application is Dominating the Market
Figure 15 Market Segmentation: By Applications & Types
Figure 16 Porter’s Five forces Analysis
Figure 17 Battle for Market Share:Contract Awards is the Key Strategy
Figure 18 AFC Energy: Business Overview
Figure 19 Aisin Seiko Co. Ltd.:  Business Overview
Figure 20 Ballard Power Systems inc.: Business Overview
Figure 21 Bloom Energy : Business Overview
Figure 22 Ceramic Fuel Cells Limited: Business Overview
Figure 23 Ceres Power Holdings PLC: Business Overview
Figure 24 Doosan Corporation: Business Overview
Figure 25 Fuel Cell Energy: Business Overview
Figure 26 Horizon Fuel Cell Technologies: Business Overview
Figure 27 Hyrdogenics Corporation: Business Overview
Figure 28 Hydrogenics Corporation: SWOT Analysis
Figure 30 Kyocera:Business Overview
Figure 31 Panasonic Corporation: Business Overview
Figure 32 Panasonic Corporation: SWOT Analysis
Figure 33 Plug Power Inc.: Business Overview
Figure 34 Toshiba Corporation: Business Overview
Figure 35 Toshiba Corporation: SWOT Analysis

The global fuel cell market is estimated to reach $5.20 billion by 2019, with a projected CAGR of 14.7%, signifying a substantial increase in demand, during the next five years.

Fuel Cell Technology is a clean energy source getting commercialized widely for its applications. The fuel cell industry has been growing at a promising rate in the past few years. The technological developments and growing commercialization have fuelled the demand for fuel cells. This growing demand for fuel cells has been positively affecting the development of hydrogen storage infrastructure globally. The stationary units used for telecommunication and household purposes are primarily designed by taking cost efficiencies into consideration.

Global fuel cell market is witnessing decent growth based on increased clean energy demand and large investments related to hydrogen storage infrastructure development globally, especially in Asia- Pacific and North America. Asia-Pacific holds the major market share followed by North America and Europe. In terms of applications of the fuel cell, the market is dominated by stationary applications, due to the off grid and household applications.

Fuel Cell Technology Market Share, by Geography, 2013

Fuel Cell Technology Market

Source: MarketsandMarkets Analysis

Ballard (Canada), Ceramic Fuel Cell (Australia), Fuel Cell Energy (U.S.), Hydrogenics (Canada), and Plug Power (U.S.), are the major players, constituting more than 50% of the total market for fuel cell technology, while the remaining percentage is shared by companies such as Toshiba Corp. (Japan), Plug Power Inc. (U.S.), Horizon Fuel Cell Technologies ltd. (U.S.), and Doosan corp. (South Korea), among others.

Most of these companies mainly rely on growth strategies such as agreements and contracts, joint ventures and collaborations, mergers and acquisitions along with, expansions in diversified geographic areas. The growing demand for technologically advanced clean energy solutions has prompted most of the companies to launch highly innovative and integrated fuel cell solutions.

The companies involved in fuel cell business are thus, expanding into emerging markets such as South America and Africa. Agreements, collaborations & partnerships are the key strategies that are helping the companies penetrate the existing market, and expand into the new and emerging markets. Asia-Pacific has the largest market of stationary fuel cells, due to the increase in household applications. South Africa, Asia-Pacific, and China offer major growth potential to the fuel cell market, due to its portable and off grid applications.

Major fuel type/technologies include Polymer/Proton Exchange Membrane (PEM) Fuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Solid Oxide Fuel Cell, and Molten Carbonate Fuel Cell, among others. Polymer/Proton Exchange Membrane (PEM) Fuel Cell constitute the largest segment in terms of generating more than half the revenue.

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