The global Fuel Cells Market is expected to reach USD 16.58 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of fuel cells to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.
The report provides detailed insights into Fuel Cells market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Fuel Cells market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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The steady Fuel Cells market share growth can be attributed to a variety of factors and trends in the global Fuel Cells market currently. Global Fuel Cells market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional Fuel Cells market share growth over the forecast period.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Fuel Cells market share contribution of these countries. In addition, Fuel Cells market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Fuel Cells Market include are:
- Key participants include Ballard Power Systems, Hydrogenics Corporation, FuelCell Energy, Inc., Bloom Energy, Plug Power, Inc., SFC Energy AG, Ceres Power Holdings PLC, Doosan Fuel Cell America, Intelligent Energy, and Toshiba Energy Systems & Solutions Corporation, among others.
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Emergen Research has segmented the global Fuel Cells Market on the basis of Product, Application, End-User, and region:
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Phosphoric Acid Fuel Cell (PAFC)
- Molten Carbonate Fuel Cell (MCFC
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Solid Oxide Fuel Cell (SOFC)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Fuel Cell Vehicles
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In terms of Fuel Cells market share and revenue contribution to the global Fuel Cells market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Fuel Cells market share.
Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Fuel Cells Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Fuel Cells industry
Asia Pacific market share contribution to the global Fuel Cells market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India Fuel Cells market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.
Steady increase in Europe Fuel Cells market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe Fuel Cells market going ahead.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/100
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Fuel Cells industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Fuel Cells market across different regions?
- Who are the major driving forces expected to decide the fate of the Fuel Cells industry worldwide?
- Who are the prominent market players making a mark in the Fuel Cells market with their winning strategies?
- Which Fuel Cells industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Fuel Cells market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Fuel Cells Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Fuel Cells Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Fuel Cells Market Segmentation & Impact Analysis
4.1. Fuel Cells Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Fuel Cells Market indicators analysis
4.2.2. Fuel Cells Market drivers analysis
184.108.40.206. Rapid urbanization and industrialization
220.127.116.11. Stringent government regulations regarding carbon emissions
18.104.22.168. Increasing prevalence of respiratory diseases
22.214.171.124. Rising need to enhance indoor air quality
4.2.3. Fuel Cells Market restraints analysis
126.96.36.199. High cost associated with the maintenance of Fuel Cells products
188.8.131.52. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Fuel Cells Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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