Fuel Cell Generator Market

Fuel Cell Generator Market by Type (PEMFC, SOFC, AFC), End User (Marine, Aquaculture, Construction, Agriculture, Data Center, Emergency Response Generator), Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2030

Report Code: EP 8127 Jul, 2022, by marketsandmarkets.com

[156 Pages Report] The global fuel cell generator market size is estimated to be USD 0.3 billion in 2022 and projected to reach USD 1.4 billion by 2030, at a CAGR of 19.9%. The growing demand for clean power generation with less or no emission is the primary factors driving market growth. Moreover, various rules and regulations on carbon emission across the globe will drive the demand for fuel cells in the near future.

Fuel Cell Generator Market

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COVID-19 Impact

The fuel cell generator market was moderately affected by COVID-19 as the majority of the players have conducted their business under ‘essential businesses.’ However, Installation and maintenance operations have been more severely affected due to shortage of labor, shutdowns of facilities, shortage of medium voltage gear suppliers, decreased productivities of contractors/subcontractors, and more.

Fuel Cell Generator Market Dynamics

Driver: Decarbonization targets set by International Maritime Organization to increase fuel cell generator adoption in vessels

With political leaders across the global coming together to reduce their country’s carbon footprint and signing of Paris agreement has given a boost to green and renewable technologies to set themselves in markets. Fuel cells being a non-emission solution for power generation fits the category green and renewable technologies and is growing owing to the carbon emission norms.

Restraint:  High cost of catalyst used in fuel cells

Some of the most common fuel cells are DMFC, PAFC, and PEM, which rely on rare-earth metals, such as platinum, to enhance the reaction rate. Rare-earth metals are expensive, and their use increases the overall cost of the fuel cell. The cost of platinum, according to the same report, was nearly USD 1,500 per troy ounce. The cost of catalysts used by a fuel cell is almost 26% of the total cost when 1,000 systems are produced per year. The high cost of catalysts is projected to inhibit the growth of the advances in the fuel cell technology market in the coming years.

Opportunity: Increased adoption of fuel cell generators for backup power in data centers

Operating a data center is highly power-intensive. Additionally, data centers require uninterrupted power to minimize the loss of valuable data. According to the IEEE Communications Society, electricity demand from data centers in 2018 was an estimated 198-terawatt hour or almost 1% of the demand for electricity in the world. Data centers are opting for cost reduction by adopting distributed power generation, particularly fuel cells, to reduce the power consumption in these centers. Fuel cells, including SOFCs, have witnessed high demand in the US. SOFC adoption for data centers by Google (US), IBM (US), and Equinix (US) have propelled the growth of the US fuel cell generator market.

Challenge: Water management in proton exchange membrane fuel cells

In a PEM fuel cell, water is generated as chemical reactions occur in each cell. The balance of water in the fuel cell stacks is one of the greatest challenges associated with PEMFCs. Fuel cells tend to both flood or dry out depending upon the load and the operating conditions. The proton conductivity and activation potential in a PEMFC are affected by the water content in the polymer membrane.

Fuel cell generator market Map

Fuel Cell Generator Market by Map

Aquaculture end user segment to grow at the fastest pace in the forecast period

Increasing number of aquaculture facilities and environmental impacts related to aquaculture like energy and water consumption. To reduce these environmental impacts various actions are taken by different government for using fuel cell-based generators in place of diesel generators. For instance, Pilot-E grants over USD 3.3 million for hydrogen powered farming boats. Through this project, Moen Verft and Moen Marin entered into partnership to develop hydrogen electric work boat which will be used by Midtnorsk Havbruk fish farming company.

Asia Pacific: The second fastest growing region in the fuel cell generator market in the forecast period.

Countries, such as Japan and South Korea are increasingly investing in fuel cell adoption since 2009, due to the commercial deployment of Japanese fuel cell micro-CHP products. Several countries in the Asia Pacific region face energy-related challenges, which is the key factor that is encouraging these countries to transform their energy generation systems. For instance, to meet the growing energy requirements of customers, due to growing urbanization, industrialization, and economic growth in the region, the primary energy supply needs to be increased by 60% by 2035 as compared to the supply in 2015.

Fuel Cell Generator Market by Region

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Key Market Players

The fuel cell generator market is dominated by a few globally established players such as Bloom Energy (US), Doosan Fuel Cell Co., Ltd.  (South Korea), Ballard Power Systems (Canada), PowerCell Sweden AB (Sweden), and Nedstack Fuel Cell Technology BV (Netherland)

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Scope of the Report

Report Metric

Details

Market Size available for years

2020–2030

Base year considered

2021

Forecast period

2022–2030

Forecast units

Value (USD million)

Segments covered

End-User and Region

Geographies covered

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

Companies covered

Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Cummins Inc. (US), PowerCell Sweden AB (Sweden), TOSHIBA CORPORATION (Japan), Ballard Power Systems (Canada), AFC Energy PLC (UK), Proton Motor Fuel Cell GmbH (UK), Altergy (US), Nedstack Fuel Cell Technology BV (Netharlands), PowerUP Energy Technologies (Estonia), Panasonic Corporation (Japan), EODev (France), TECO 2030 (Norway), Siemens Energy (Germany), BOC Limited (UK), H2SYS (France), GAUSSIN (France), YANMAR HOLDINGS CO., LTD. (Japan), ABB (Sweden), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), and Loop Energy Inc (Canada).

This research report categorizes the fuel cell generator market based on End User, and Region.

Based on the end user:

  • Marine
  • Construction
  • Agriculture
  • Aquaculture
  • Data Center
  • Emergency Response Generator

Based on the region:

  • North America
  • Asia Pacific
  • Europe
  • Rest of the world

Recent Developments

  • In February 2022, Doosan Fuel Cell Co., Ltd., Korea Shipbuilding & Offshore Engineering (KSOE), and Shell with reference to development in September 2021 signed a letter of intent to start commercial marine fuel cell systems production by 2025. Doosan Fuel Cell Co., Ltd. will complete its marine fuel cell systems and get the systems marine certified by 2024, with the commercialization of the systems scheduled for 2025.
  • In March 2022, Nedstack Fuel Cell Technology BV entered into a partnership with NorthC Datacenters. Under this partnership Nedstack Fuel Cell Technology BV will provide hydrogen fuel cell to European data center landscape with the help of NorthC Datacenters.
  • In February 2022, Ballard Power Systems signed a contract with Norled A/S for the delivery of two, 200 kilowatt (kW) Fcwave modules to Norled A/S. These fuel cell modules will be used to power the world’s first liquid hydrogen-powered ferry, the MF Hydra. 

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 FUEL CELL GENERATOR MARKET, BY END USER
           1.3.2 FUEL CELL GENERATOR MARKET, BY REGION
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
    1.5 REGIONAL SCOPE
    1.6 YEARS CONSIDERED
    1.7 CURRENCY
    1.8 LIMITATIONS
    1.9 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)
    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, 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 FUEL CELL GENERATOR MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.1.1 Supply-side calculations
                    2.3.1.2 Supply-side assumptions
                               FIGURE 6 FUEL CELL GENERATOR MARKET: MARKET SHARE ANALYSIS, 2021
           2.3.2 DEMAND-SIDE ANALYSIS
                    2.3.2.1 Demand-side assumptions
                    2.3.2.2 Demand-side limitations
           2.3.3 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 34)
    TABLE 1 FUEL CELL GENERATOR MARKET SNAPSHOT
    FIGURE 7 NORTH AMERICA HELD LARGEST SHARE OF FUEL CELL GENERATOR MARKET IN 2021
    FIGURE 8 DATA CENTERS TO CAPTURE LARGEST SHARE OF FUEL CELL GENERATOR MARKET IN 2030

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES IN FUEL CELL GENERATOR MARKET
           FIGURE 9 GROWING DEMAND FOR CLEAN POWER GENERATION TO BOOST MARKET GROWTH FROM 2022 TO 2030
    4.2 FUEL CELL GENERATOR MARKET, BY REGION
           FIGURE 10 EUROPEAN FUEL CELL GENERATOR MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 FUEL CELL GENERATOR MARKET, BY END USER
           FIGURE 11 DATA CENTERS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030

5 MARKET OVERVIEW (Page No. - 39)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 12 FUEL CELL GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising pressure on maritime industry to reduce CO2 emissions
                               FIGURE 13 CO2 EMISSIONS FROM INTERNATIONAL SHIPPING WORLDWIDE (2000–2020)
                    5.2.1.2 Increasing awareness about benefits of fuel cell generators
                    5.2.1.3 Supportive government policies and provision of incentives and rebates on fuel cell generator installation
                    5.2.1.4 Growing preference for clean energy sources due to stringent emission norms
                               FIGURE 14 ENERGY-RELATED CO2 EMISSIONS, ADVANCED ECONOMIES VS. COUNTRIES IN ROW, 1990–2019 (GT CO2)
           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 Increasing adoption of fuel cell generators for backup power in data centers
                    5.2.3.2 Rising installation of fuel cell generators in construction sites to achieve decarbonization
                    5.2.3.3 Growing number of government initiatives to support development of hydrogen economy
                               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 start-up time of solid oxide fuel cells
    5.3 IMPACT OF COVID-19
    5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 15 REVENUE SHIFT FOR FUEL CELL GENERATOR PROVIDERS
    5.5 PRICING ANALYSIS
           5.5.1 PEMFC BACKUP FUEL CELL GENERATOR INDICATIVE PRICING MODEL ANALYSIS
                    5.5.1.1 5 kW FCG stack and balance of plant (BOP) indicative cost
                               TABLE 3 PEM STACK COMPONENT COST SUMMARY: 5 KW BACKUP SYSTEM (USD), 2016
                               TABLE 4 PEM BALANCE OF PLANT (BOP) COST SUMMARY: 5 KW BACKUP SYSTEM (USD), 2016
                               TABLE 5 5 KW BACKUP SYSTEM BOP COST DISTRIBUTION
                    5.5.1.2 10 kW FCG stack and balance of plant (BOP) indicative cost
                               TABLE 6 PEM STACK COMPONENT COST SUMMARY: 10 KW BACKUP SYSTEM (USD), 2016
                               TABLE 7 PEM BALANCE OF PLANT (BOP) COST SUMMARY: 10 KW BACKUP SYSTEM (USD), 2016
                               TABLE 8 10 KW BACKUP SYSTEM BOP COST DISTRIBUTION
    5.6 TECHNOLOGY ANALYSIS
           5.6.1 ATOMICALLY DISPERSED PT AND FE SITES AND PT–FE NANOPARTICLES FOR DURABLE PROTON-EXCHANGE MEMBRANE FUEL CELLS
           5.6.2 NANOPARTICLE-BASED FUEL CELLS
           5.6.3 NON-PRECIOUS METAL CATALYST-BASED FUEL CELLS
           5.6.4 HEXAGONAL PEROVSKITES FOR CERAMIC FUEL CELLS
    5.7 TRADE ANALYSIS
           5.7.1 EXPORT SCENARIO
                    TABLE 9 EXPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019–2021 (USD)
           5.7.2 IMPORT SCENARIO
                    TABLE 10 IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019–2021 (USD)
    5.8 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 11 FUEL CELL GENERATOR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.9 SUPPLY CHAIN ANALYSIS
           FIGURE 16 FUEL CELL GENERATOR SUPPLY CHAIN ANALYSIS
           TABLE 12 FUEL CELL GENERATOR MARKET PLAYERS: ROLE IN SUPPLY CHAIN
    5.10 MARKET MAP
           FIGURE 17 FUEL CELL GENERATOR MARKET MAP
    5.11 PATENT ANALYSIS
           TABLE 13 FUEL CELL GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2021–MARCH 2022
    5.12 CASE STUDY ANALYSIS
           5.12.1 SAMSUNG HEAVY INDUSTRIES PLANS FOR CLEAN POWER SHIPS UNDER JOINT DEVELOPMENT AGREEMENT WITH BLOOM ENERGY
                    5.12.1.1 Problem statement
                    5.12.1.2 Solution
           5.12.2 SOUTHERN COMMUNICATION SERVICES EMPLOYS PLUG POWER HYDROGEN FUEL CELLS FOR UNINTERRUPTED POWER SUPPLY
                    5.12.2.1 Problem statement
                    5.12.2.2 Solution
    5.13 CODES AND REGULATIONS
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 REGULATIONS RELATED TO FUEL CELL GENERATORS
                    5.13.2.1 Regulatory framework in North America
                    5.13.2.2 Regulatory framework in Europe
                    5.13.2.3 Regulatory framework in Asia Pacific
    5.14 PORTER'S FIVE FORCES ANALYSIS
           FIGURE 18 PORTER'S FIVE FORCES ANALYSIS FOR FUEL CELL GENERATOR MARKET
           TABLE 17 FUEL CELL GENERATOR MARKET: PORTER'S FIVE FORCES ANALYSIS
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 19 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER
                    TABLE 18 INFLUENCE OF STAKEHOLDERS FROM TOP 3 END-USER INDUSTRIES IN BUYING PROCESS (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 20 KEY BUYING CRITERIA OF TOP END USERS
                    TABLE 19 KEY BUYING CRITERIA, BY END USER

6 FUEL CELL TECHNOLOGIES DEPLOYED IN BACKUP POWER GENERATORS (Page No. - 66)
    6.1 INTRODUCTION
    6.2 PROTON-EXCHANGE MEMBRANE FUEL CELL (PEMFC)
           6.2.1 INCREASED DEMAND FOR PEM FUEL CELLS IN MARINE APPLICATIONS DRIVES MARKET GROWTH
    6.3 SOLID OXIDE FUEL CELL (SOFC)
           6.3.1 STRONG FOCUS OF ENERGY SECTOR ON ACHIEVING HIGH ELECTRICAL EFFICIENCY AND LOW CO2 EMISSIONS
    6.4 ALKALINE FUEL CELL (AFC)
           6.4.1 HIGH ADOPTION OF AFC IN CONSTRUCTION AND MARINE APPLICATIONS TO ACCELERATE MARKET GROWTH

7 FUEL CELL GENERATOR MARKET, BY END USER (Page No. - 68)
    7.1 INTRODUCTION
           FIGURE 21 FUEL CELL GENERATOR MARKET: BY END USER, 2021
           TABLE 20 FUEL CELL GENERATOR MARKET, BY END USER, 2020–2030 (USD MILLION)
           TABLE 21 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY END USER
    7.2 MARINE
           7.2.1 DECARBONIZATION TARGETS SET BY INTERNATIONAL MARITIME ORGANIZATIONS TO STIMULATE DEMAND FOR FUEL CELL GENERATORS
    7.3 CONSTRUCTION
           7.3.1 REPLACEMENT OF DIESEL GENERATORS WITH FUEL CELL GENERATORS TO ACHIEVE DECARBONIZATION GOALS
    7.4 MINING
           7.4.1 STRINGENT REGULATIONS TO REDUCE CARBON FOOTPRINT PUSH DEMAND FOR FUEL CELL GENERATORS
    7.5 AGRICULTURE
           7.5.1 IMPLEMENTATION OF HYDROGEN GENERATORS IN FARMING APPLICATIONS LIKELY TO SUPPORT MARKET GROWTH
    7.6 AQUACULTURE
           7.6.1 RISING NEED FOR ENERGY-EFFICIENT AND LOW-NOISE SOLUTIONS IN AQUACULTURE INDUSTRY
    7.7 DATA CENTERS
           7.7.1 GROWING REQUIREMENT FOR BACKUP POWER SUPPLY DURING OUTAGES TO PUSH DEMAND FOR FUEL CELL GENERATORS
    7.8 EMERGENCY RESPONSE GENERATORS
           7.8.1 POWER BACKUP REQUIREMENT FOR TELECOM TOWERS TO BOOST DEMAND FOR EMERGENCY RESPONSE GENERATORS

8 GEOGRAPHIC ANALYSIS (Page No. - 74)
    8.1 INTRODUCTION
           FIGURE 22 REGIONAL SNAPSHOT: EUROPE TO WITNESS HIGHEST CAGR IN FUEL CELL GENERATOR MARKET DURING FORECAST PERIOD
           FIGURE 23 FUEL CELL GENERATOR MARKET, BY REGION, 2021
           TABLE 22 FUEL CELL GENERATOR MARKET, BY REGION, 2020–2030 (USD MILLION)
    8.2 ASIA PACIFIC
           FIGURE 24 ASIA PACIFIC: FUEL CELL GENERATOR MARKET SNAPSHOT, 2021–2030
           TABLE 23 FUEL CELL GENERATOR PROJECTS IN ASIA PACIFIC
           8.2.1 CHINA
                    8.2.1.1 Increasing investments in fuel cell technology to boost market growth
                    8.2.1.2 Macro factors
                               TABLE 24 CHINA: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
                               TABLE 25 CHINA: NUMBER OF SHIPS, 2016–2021
           8.2.2 INDIA
                    8.2.2.1 Initiatives taken for decarbonization of energy sector to push demand for fuel cells
                    8.2.2.2 Macro factors
                               TABLE 26 INDIA: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
           8.2.3 JAPAN
                    8.2.3.1 Rise in demand for clean energy to boost market growth
                    8.2.3.2 Macro factors
                               TABLE 27 JAPAN: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
                               TABLE 28 JAPAN: NUMBER OF SHIPS, 2016–2021
           8.2.4 REST OF ASIA PACIFIC
    8.3 NORTH AMERICA
           FIGURE 25 NORTH AMERICA: FUEL CELL GENERATOR MARKET SNAPSHOT, 2021–2030
           TABLE 29 FUEL CELL TECHNOLOGY-RELATED PROJECTS IN NORTH AMERICA
           8.3.1 US
                    8.3.1.1 Incentives offered for fuel cell programs to accelerate market growth
                    8.3.1.2 Macro factors
                               TABLE 30 US: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
                               TABLE 31 US: NUMBER OF SHIPS, 2016–2021
           8.3.2 CANADA
                    8.3.2.1 Government grants to run fuel cell technology-based programs likely to boost market
                    8.3.2.2 Macro factors
                               TABLE 32 CANADA: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
    8.4 EUROPE
           TABLE 33 FUEL CELL TECHNOLOGY-RELATED PROJECTS IN EUROPE
           8.4.1 GERMANY
                    8.4.1.1 Focus on emission-free transportation to foster requirement for fuel cell technology
                    8.4.1.2 Macro factors
                               TABLE 34 GERMANY: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
                               TABLE 35 GERMANY: NUMBER OF SHIPS, 2016–2021
           8.4.2 UK
                    8.4.2.1 Efforts to reduce GHG emissions to stimulate demand for fuel cell technology
                    8.4.2.2 Macro factors
                               TABLE 36 UK: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
                               TABLE 37 UK: NUMBER OF SHIPS, 2016–2021
           8.4.3 FRANCE
                    8.4.3.1 Energy transition outlook of French government likely to facilitate fuel cell generator market growth
                    8.4.3.2 Macro factors
                               TABLE 38 FRANCE: CO2 EMISSION (TONNES PER CAPITA), 2010–2020
                               TABLE 39 FRANCE: NUMBER OF SHIPS, 2016–2021
           8.4.4 REST OF EUROPE
    8.5 REST OF THE WORLD (ROW)

9 COMPETITIVE LANDSCAPE (Page No. - 86)
    9.1 OVERVIEW
           FIGURE 26 KEY DEVELOPMENTS IN FUEL CELL GENERATOR MARKET, 2018–2022
    9.2 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2021
           FIGURE 27 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2021
    9.3 MARKET EVALUATION FRAMEWORK
           TABLE 40 MARKET EVALUATION FRAMEWORK, 2018–2021
    9.4 SEGMENTAL REVENUE ANALYSIS OF KEY MARKET PLAYERS
           FIGURE 28 SEGMENTAL REVENUE ANALYSIS, 2018–2021
    9.5 RECENT DEVELOPMENTS
           9.5.1 DEALS
                    TABLE 41 FUEL CELL GENERATOR MARKET: DEALS, 2022
           9.5.2 OTHERS
                    TABLE 42 FUEL CELL GENERATOR MARKET: OTHERS, 2022
    9.6 COMPETITIVE LEADERSHIP MAPPING
           9.6.1 STARS
           9.6.2 EMERGING LEADERS
           9.6.3 PERVASIVE PLAYERS
           9.6.4 PARTICIPANTS
                    FIGURE 29 FUEL CELL GENERATOR MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
                    TABLE 43 COMPANY TYPE FOOTPRINT
                    TABLE 44 COMPANY END USER FOOTPRINT
                    TABLE 45 COMPANY REGION FOOTPRINT
    9.7 START-UP/SME EVALUATION QUADRANT, 2021
           9.7.1 PROGRESSIVE COMPANIES
           9.7.2 RESPONSIVE COMPANIES
           9.7.3 DYNAMIC COMPANIES
           9.7.4 STARTING BLOCKS
                    FIGURE 30 FUEL CELL GENERATOR MARKET: START-UP/SME EVALUATION QUADRANT, 2021
    9.8 COMPETITIVE BENCHMARKING
           TABLE 46 FUEL CELL GENERATOR MARKET: DETAILED LIST OF KEY START-UPS/SMES
           TABLE 47 COMPANY TYPE FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]
           TABLE 48 COMPANY END USER FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]
           TABLE 49 COMPANY REGION FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]

10 COMPANY PROFILES (Page No. - 99)
     10.1 KEY PLAYERS
(Business and financial overview, Products offered , Recent developments, Deals, MnM view, Key strategies/Right to win, Strategic choices made, and Weaknesses and competitive threats)*
             10.1.1 BLOOM ENERGY
                        TABLE 50 BLOOM ENERGY: BUSINESS OVERVIEW
                        FIGURE 31 BLOOM ENERGY: COMPANY SNAPSHOT, 2021
                        TABLE 51 BLOOM ENERGY: PRODUCTS OFFERED
                        TABLE 52 BLOOM ENERGY: DEALS
                        TABLE 53 BLOOM ENERGY: OTHERS
             10.1.2 DOOSAN FUEL CELL CO., LTD.
                        TABLE 54 DOOSAN FUEL CELL CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 32 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT, 2021
                        TABLE 55 DOOSAN FUEL CELL CO., LTD.: PRODUCTS OFFERED
                        TABLE 56 DOOSAN FUEL CELL CO., LTD.: DEALS
                        TABLE 57 DOOSAN FUEL CELL CO., LTD.: OTHERS
             10.1.3 POWERCELL SWEDEN AB
                        FIGURE 33 POWERCELL SWEDEN AB: COMPANY SNAPSHOT, 2021
                        TABLE 59 POWERCELL SWEDEN AB: PRODUCTS OFFERED
                        TABLE 60 POWERCELL SWEDEN AB: PRODUCT LAUNCHES
                        TABLE 61 POWERCELL SWEDEN AB: DEALS
                        TABLE 62 POWERCELL SWEDEN AB: OTHERS
             10.1.4 NEDSTACK FUEL CELL TECHNOLOGY BV
                        TABLE 63 NEDSTACK FUEL CELL TECHNOLOGY BV: BUSINESS OVERVIEW
                        TABLE 64 NEDSTACK FUEL CELL TECHNOLOGY BV: PRODUCTS OFFERED
                        TABLE 65 NEDSTACK FUEL CELL TECHNOLOGY BV: DEALS
             10.1.5 BALLARD POWER SYSTEMS
                        TABLE 66 BALLARD POWER SYSTEMS: BUSINESS OVERVIEW
                        FIGURE 34 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT, 2021
                        TABLE 67 BALLARD POWER SYSTEMS: PRODUCTS OFFERED
                        TABLE 68 BALLARD POWER SYSTEMS: PRODUCT LAUNCHES
                        TABLE 69 BALLARD POWER SYSTEMS: DEALS
                        TABLE 70 BALLARD POWER SYSTEMS: OTHERS
             10.1.6 TECO 2030
                        TABLE 71 TECO 2030: BUSINESS OVERVIEW
                        FIGURE 35 TECO 2030: COMPANY SNAPSHOT, 2021
                        TABLE 72 TECO 2030: PRODUCTS OFFERED
                        TABLE 73 TECO 2030: DEALS
             10.1.7 ABB
                        TABLE 74 ABB: BUSINESS OVERVIEW
                        FIGURE 36 ABB: COMPANY SNAPSHOT, 2021
                        TABLE 75 ABB: PRODUCTS OFFERED
                        TABLE 76 ABB: DEALS
             10.1.8 POWERUP ENERGY TECHNOLOGIES
                        TABLE 77 POWERUP ENERGY TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 78 POWERUP ENERGY TECHNOLOGIES: PRODUCTS OFFERED
                        TABLE 79 POWERUP ENERGY TECHNOLOGIES: PRODUCT LAUNCHES
                        TABLE 80 POWERUP ENERGY TECHNOLOGIES: DEALS
             10.1.9 LOOP ENERGY INC.
                        TABLE 81 LOOP ENERGY INC.: BUSINESS OVERVIEW
                        FIGURE 37 LOOP ENERGY INC.: COMPANY SNAPSHOT, 2021
                        TABLE 82 LOOP ENERGY INC.: PRODUCTS OFFERED
                        TABLE 83 LOOP ENERGY INC.: DEALS
             10.1.10 EODEV
                        TABLE 84 EODEV: BUSINESS OVERVIEW
                        TABLE 85 EODEV: PRODUCTS OFFERED
                        TABLE 86 EODEV: DEALS
             10.1.11 SIEMENS ENERGY
                        TABLE 87 SIEMENS ENERGY: BUSINESS OVERVIEW
                        FIGURE 38 SIEMENS ENERGY: COMPANY SNAPSHOT, 2021
                        TABLE 88 SIEMENS ENERGY: PRODUCTS OFFERED
             10.1.12 CUMMINS INC.
                        TABLE 89 CUMMINS INC.: BUSINESS OVERVIEW
                        FIGURE 39 CUMMINS INC.: COMPANY SNAPSHOT, 2021
                        TABLE 90 CUMMINS INC.: PRODUCTS OFFERED
                        TABLE 91 CUMMINS INC.: DEALS
             10.1.13 AFC ENERGY PLC
                        TABLE 92 AFC ENERGY PLC: BUSINESS OVERVIEW
                        FIGURE 40 AFC ENERGY PLC: COMPANY SNAPSHOT, 2021
                        TABLE 93 AFC ENERGY PLC: PRODUCTS OFFERED
                        TABLE 94 AFC ENERGY PLC: DEALS
                        TABLE 95 AFC ENERGY PLC: OTHERS
             10.1.14 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
                        TABLE 96 TOSHIBA GLOBAL: BUSINESS OVERVIEW
                        FIGURE 41 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT, 2021
                        TABLE 97 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
                        TABLE 98 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
             10.1.15 PROTON MOTOR POWER SYSTEMS PLC
                        TABLE 99 PROTON MOTOR POWER SYSTEMS PLC: BUSINESS OVERVIEW
                        FIGURE 42 PROTON MOTOR POWER SYSTEMS PLC: COMPANY SNAPSHOT, 2021
                        TABLE 100 PROTON MOTOR POWER SYSTEMS PLC: PRODUCTS OFFERED
                        TABLE 101 PROTON MOTOR POWER SYSTEMS PLC: DEALS
             10.1.16 PANASONIC CORPORATION
                        TABLE 102 PANASONIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 43 PANASONIC CORPORATION: COMPANY SNAPSHOT, 2022
                        TABLE 103 PANASONIC CORPORATION: PRODUCTS OFFERED
                 10.1.16.1 Product launches
                        TABLE 104 PANASONIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 105 PANASONIC CORPORATION: DEALS
     10.2 OTHER PLAYERS
             10.2.1 ALTERGY
             10.2.2 FREUDENBERG SEALING TECHNOLOGIES GMBH & CO. KG
             10.2.3 BOC LIMITED
             10.2.4 H2SYS
             10.2.5 GAUSSIN
             10.2.6 YANMAR HOLDINGS CO., LTD
*Details on Business and financial overview, Products offered, Recent developments, Deals, MnM view, Key strategies/Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies. 

11 APPENDIX (Page No. - 148)
     11.1 INSIGHTS OF INDUSTRY EXPERTS
     11.2 DISCUSSION GUIDE
     11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     11.4 AVAILABLE CUSTOMIZATIONS
     11.5 RELATED REPORTS
     11.6 AUTHOR DETAILS

The study involved four major activities in estimating the size for fuel cell generator market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next stepwas to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments..

Secondary Research

The secondary sources referred to for this research study include fuel cell organizations such as the Fuel Cell & Hydrogen Assosciation (FCHEA); U.S. Department of Energy (DOE); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and fuel cell associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research. 

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the fuel cell generator market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (end users) and supply-side (fuel cell supplier) players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (Latin America and Middle East & Africa). Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Fuel Cell Generator 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 have been used to estimate and validate the size of the global fuel cell generator market and its dependent submarkets. These methods were also extensively used 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 shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply 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.

Global Fuel Cell generator Market Size: Bottom-Up Approach

Fuel Cell Generator Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the marketwas split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report Objectives

  • To define, segment, and analyze the global fuel cell generator market based on end user and region .
  • To analyze and forecast the market size, in terms value (USD million/ thousand), for the fuel cell generator market.
  • To provide a detailed analysis of various factors influencing the fuel cell generator market (drivers, restraints, opportunities, and challenges) .
  • To segment and forecast the fuel cell generator market size, by end user (Marine, Construction, Agriculture, Aquaculture, Data Center and Emergency Response Generator).
  • To forecast the fuel cell generator market size in key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World.
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market.

Available Customizations:

MarketsandMarkets offersthe following customizations for this market report:

  • Additional country-level analysis of fuel cell generator market
  • Profiling of additional market players (up to 3)
  • Country-level analysis
Report Code
EP 8127
Published ON
Jul, 2022
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