Global Fuel Cell Market Global Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2021 -2030

In a recently published report, Global Fuel Cell Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Fuel Cell Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

The global fuel cell market was at an estimated value of US$ XX in 2017 and is poised to reach US$ XX by 2022 at a CAGR of XX%.
With a rising need to minimise dependability on depleting fossil fuels, fuel cells are the way ahead. Not only do they provide with a far more effective alternative to conventional methods, but also can be coupled to have properties aiding transportation and longevity as portable energy sources. Fuel cells make use of a combustion reaction within the cell to give electricity, providing a cleaner alternative than most conventional sources of energy.

Market Dynamics
Reduced carbon emissions and low noise properties have propelled the fuel cell market forward. In addition to these characteristics, an increasing awareness of environmentally friendly resource alternatives has given the market a further boost. Many economies have started accepting the idea of fuel cells as a potential replacement for conventional energy sources. To further promote it amongst consumers, governments have issued various regulatory reforms and subsidies in favour of the market.

Fluctuating fossil fuel prices is another factor aiding the market’s growth. Fuel cells offer alternatives to almost every power needs, from as little as consumer electronics to even thermal power plants. The market has been and is further expected to draw out more investors with time following these characteristics.

Market Segmentation
The global fuel cell market can be segmented based on product type and application. Based on product type, the market is segmented into proton exchange membrane fuel cell (PEMFC) and direct methanol fuel cells (DMFC). Of these, PEMFCs have the larger share in terms of generated revenue. This can be attributed to their largely favourable characteristics, which include high efficiency, high power to area ratio, and easy wattage accessibility.

In terms of application, the market can be segmented into stationary and portable types. Of these, the stationary application type dominates in terms of revenue. However, with rising potential for utilisation in consumer electronics and the transportation sector, the portable application type is expected to grow in the coming years.

Geographical Analysis
Geographically, the market can be segmented into Asia-Pacific, North America, and Europe. In terms of revenue and capacity, Asia-Pacific enjoys the largest share in the market. This can be attributed to high prevalence of manufacturing states in the region, especially from economies like South Korea and Japan. Regulatory reforms in the European Union and the US have also propelled the market forward.

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Key players
Key players in the global fuel cell market include Toshiba, Panasonic, Hydrogenics Corporation, Ballard, UTC Power, AFC Energy PLC, Plug Power Inc, SFC Energy AG, Nedstack fuel, Clearedge Power, and Bloom Energy.
Report ContentsRegional AnalysisReport Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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