Global Fuel Cell Technology Market Overview:
Fuel cell refers to a device that produces electricity through a chemical reaction which is between source fuel and oxidant. The source fuel could be almost anything that can be oxidized, including hydrogen, methane, propane, methanol, diesel fuel or gasoline. The only byproducts are water and a small amount of nitrous oxide if the air is used as the oxidizer. Some of the key players profiled in the study are Ballard (Canada), Ceramic Fuel Cell (Australia), Fuel Cell Energy (United States), Hydrogenics (Canada), Plug Power (United States), Toshiba Corp. (Japan), Plug Power Inc. (United States), Horizon Fuel Cell Technologies Ltd. (United States) and Doosan Corp. (South Korea).
On the basis of geography, the market of Fuel Cell Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Higher Energy Density Compared to Battery
- Requirement of More Resilient Energy Systems
- Advantage Over the Backup Power Option
- New Technologies in Hydrogen Storage
- Emerging New Technology Market
- High Cost of Catalyst
- Durability of Fuel Cell
- High Demand in Fuel Cell Vehicles Market
- Growing Awareness of Zero Emission Energy Sources
- Shifting Focus Towards Renewable Energy with Growing Demand of Fuel Cell Vehicles
- Low Penetration in Emerging Economics
Target Audience:Fuel Cell Technology Provider, Fuel Cell Technology Supplier/Distributor, Potential Investors, Private research Organization, Government Research Organization and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Fuel Cell Technology market on the basis of product [Polymer Exchange MembraneFuel Cell, Direct Methanol Fuel Cell, Phosphoric Acid Fuel Cell, Molten Carbonate Fuel Cells, Solid Oxide Fuel Cell and Others] , application [Portable, Stationary and Transportation], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fuel Cell Technology market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fuel Cell Technology industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fuel Cell Technology market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.