Fuel Cell Technology Global Market 2018 Industrial Top Key Players, Competitive Development Analysis, Upcoming Opportunities | Industry Technological Advancement Research Report Forecast to 2027

Market Insights:-

The latest trend which will be followed by the fuel cell technology market is the expected reduction in the price of fuel cell systems. Technological advancements are leading to the development of new techniques of manufacturing of fuel cells, which is further supporting the reduction of the fuel cells being used in the automotive industry. Furthermore, the original equipment manufacturers are focusing extensively on the cost reduction and the deployment of the adequate refueling infrastructures.

The Global fuel cell technology market is growing with the rapid pace; mainly due to the increasing applications of fuel cells in power suppliers, automobile, residential builders and electronic companies. According to a recent study report published by the Market Research Future, The global fuel cell technology market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2018 – 2023).

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Fuel Cell Technology Market – Competitive Analysis

The Market is witnessing increased competition and is expected to further intensify during the forecast period. The players in the market incorporate acquisition, collaboration, partnership and expansion in order to gain competitive advantage in this market and to maintain their market position. For instance, Ballard Power Systems and Toyota Tsusho Corp. entered into collaboration. Toyota Tsusho Corporation will be a distributor of Ballard fuel cell products in Japan through 2020.

The government of countries such as European Union (EU), United States, Japan and Korea among others have developed plans to deploy hydrogen refueling infrastructure to support the early market introduction of hydrogen fuel cell vehicles.

Fuel Cell Technology Market – Segmentation

The Fuel Cell Technology Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by fuel type- Hydrogen, Natural Gas/Methane, Methanol

Segmentation by technology- Polymer/ Proton exchange membrane fuel cells (PEMFC), Solid oxide fuel cells (SOFC), Molten carbonate fuel cells (MCFC), Phosphoric acid fuel cells (PAFC), Direct methanol fuel cells (DMFC), Alkaline fuel cells (AFC), Direct carbon fuel cells (DCFC) and Others

Segmentation by application - Stationary, Transportation, Portable electronics

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Indusrty Top Key Players:-

Ballard Power Systems Inc. (Canada), Hydrogenics (Canada), Nuvera Fuel Cells (U.S.), Oorja Fuel Cells (U.S.), AFC Energy PLC (U.K.), Air Products and Chemicals, Inc. (U.S.), Automotive Fuel Cell Cooperation (Canada), Cellkraft AB (Sweden),  EnergyOR Technologies Inc. (Canada), H2 Logic A/S (Denmark), Intelligent Energy (U.K.) and Proton Motor Fuel Cell GmbH (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Fuel Cell Technology Market.

Major Points of TOC:-

11.1 Fuel Cell Energy 

11.1.1 OVERVIEW 

11.1.2 FINANCIALS 

11.1.3 PRODUCTS & SERVICES 

11.1.4 STRATEGY 

11.1.5 DEVELOPMENTS 

11.2 Hydrogenics 

11.2.1 OVERVIEW 

11.2.2 FINANCIALS 

11.2.3 PRODUCTS & SERVICES 

11.2.4 STRATEGY 

11.2.5 DEVELOPMENTS 

11.3 Plug Power 

11.3.1 OVERVIEW 

To be continued....

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Europe:

Europe has created a roadmap of reducing XX% CO2 emission by 2050. The EU2020 (Europe 2020 – a strategy proposed by EU) focuses on improving the demand for the fuel cell by improving the infrastructure and decreasing the cost of the fuel cells. Germany has a strong value chain with a number of small and large companies like Siemens Westinghouse, Heliocentirs and SFC Energy, and represents around 75% of all European demonstration activities. Increasing awareness among European Individuals has also increased the demand for Fuel Cell Technology the European region provides a big scope for the Fuel Cell Technology to grow.

Asia Pacific:

The Asia Pacific region is one of the leading revenue generation for Fuel Cell Technology with Japan and South Korea being the major chunk of the revenue generation regions. Increase awareness among individuals in the Asia Pacific region has also induced a significant amount of demand for the Fuel Cell Technology. Favorable government policies and regulations is another factor that the Fuel Cell Technology market is expected to have tremendous growth in this region.