Fuel Cell Market Growth Industry Trends To 2020

Grand View Research, Inc: Global Fuel Cell Market to
Reach 664.5 MW by 2020
Global fuel cell capacity is expected to reach 664.5 MW by 2020, growing at a CAGR of 22.6%
from 2014 to 2020. Government support across various nations to develop hydrogen fuel station
is expected to remain a major driving factor for the market over the next six years. In addition,
favorable regulatory scenario owing to shift in focus towards developing renewable energy is
also expected to boost the global fuel cell market over the forecast period. However, high
switching cost and lack of infrastructure in developing countries are identified as major restraints
to the market.
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Fuel cell market volume share, by application, 2013
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Table of Contents
Chapter 1 Executive Summary
1.1 Fuel Cell – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Fuel Cell Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Fuel Cell Value Chain Analysis
2.4 Fuel Cell Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Less Noise and Eco Friendly Characteristics
2.4.1.2 Higher efficiency than other power backup options
2.4.1.3 Regulatory Support
2.4.2 Market restraint analysis
2.4.2.1 Undeveloped hydrogen fuel infrastructure
2.5 Key Opportunities Prioritized
2.6 Industry Analysis – Porter’s
2.7 Fuel Cell - Company Market Share Analysis
2.8 Fuel Cell - PESTEL Analysis
Chapter 3 Fuel Cell Product Outlook
3.1 PEMFC
3.1.1 Global PEMFC volume and installed capacity, 2012 – 2020 (Units) (MW)
3.2 DMFC
3.2.1 Global DMFC volume and installed capacity, 2012 – 2020 (Units) (MW)
3.3 PAFC
3.3.1 Global PAFC volume and installed capacity, 2012 – 2020 (Units) (MW)
3.4 SOFC
3.4.1 Global SOFC volume and installed capacity, 2012 – 2020 (Units) (MW)
3.5 MCFC
3.5.1 Global MCFC volume and installed capacity, 2012 – 2020 (Units) (MW)
3.6 AFC
3.6.1 Global AFC volume and installed capacity, 2012 – 2020 (Units) (MW)
3.7 Others
3.7.1 Global volume and installed capacity of other fuel cells, 2012 – 2020 (Units) (MW)
Chapter 4 Fuel Cell Application Outlook
4.1 Portable fuel cell
4.1.1 Global Portable fuel cell volume and installed capacity, 2012 – 2020 (Units)
(MW)
4.2 Stationary fuel cell
4.2.1 Global Stationary fuel cell volume and installed capacity, 2012 – 2020 (Units)
(MW)
4.3 Transportation fuel cell
4.3.1 Global transportation fuel cell volume and installed capacity, 2012 – 2020
(Units) (MW)
Chapter 5 Fuel Cell Regional Outlook
5.1 North America
5.1.1 Fuel cell market volume and installed capacity, 2012 – 2020, (Units) (MW)
5.1.2 Fuel cell market volume and installed capacity, by product, 2012 – 2020,
(Units) (MW)
5.1.3 Fuel cell market volume and installed capacity, by application, 2012 – 2020,
(Units) (MW)
5.2 Europe
5.2.1 Fuel cell market volume and installed capacity, 2012 – 2020, (Units) (MW)
5.2.2 Fuel cell market volume and installed capacity, by product, 2012 – 2020,
(Units) (MW)
5.2.3 Fuel cell market volume and installed capacity, by application, 2012 – 2020,
(Units) (MW)
5.3 Asia Pacific
5.3.1 Fuel cell market volume and installed capacity, 2012 – 2020, (Units) (MW)
5.3.2 Fuel cell market volume and installed capacity, by product, 2012 – 2020, (Units) (MW)
5.3.3 Fuel cell market volume and installed capacity, by application, 2012 – 2020,
(Units) (MW)
5.4 RoW
5.4.1 Fuel cell market volume and installed capacity, 2012 – 2020, (Units) (MW)
5.4.2 Fuel cell market volume and installed capacity, by product, 2012 – 2020,
(Units) (MW)
5.4.3 Fuel cell market volume and installed capacity, by application, 2012 – 2020,
(Units) (MW)
Chapter 6 Fuel Cell Competitive landscape
6.1 Fuel Cell Energy
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Ballard
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Clearedge
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Toshiba
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Panasonic
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 Plug Power Inc.
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 Hydrogenics Corporation
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 SFC Energy AG
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9 Plug Power Inc
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 UTC Power
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
6.11 Nedstack Fuel Cell Technologies
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Product Benchmarking
6.11.4 Strategic Initiatives
6.12 Bloom Power
6.12.1 Company Overview
6.12.2 Financial Performance
6.12.3 Product Benchmarking
6.12.4 Strategic Initiatives
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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Further key findings from the study suggest:
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Global fuel cell shipments were 50,050 units in 2013 and are expected to reach 790,450
units by 2020, growing at a CAGR of 49.1% from 2014 to 2020.
PEMFC emerged as the leading product segment in the overall market and accounted for
88.6% of total units shipped and 42.8% of total capacity in 2013. However, MCFC is
expected to be the fastest growing product segment for fuel cell at an estimated CAGR of
56.6% from 2014 to 2020.
Portable applications dominated the global application market for fuel cells, accounting
for 71.2% of total unit shipments in 2013. However, in terms of capacity, stationary
applications emerged as the leading application market and accounted for 58.1% of total
capacity installed in 2013.
North America emerged as the leading consumer for fuel cell in terms of installed
capacity and accounted for 42.5% of total capacity in 2013. In terms of total unit
shipments, Asia Pacific emerged as the leading consumer and accounted for 36.9% of
total market in 2013. However, North America is expected to surpass Asia Pacific to
become the largest market for fuel cell both in terms of unit shipments and capacity by
2020.
The global market is highly concentrated with top four participants catering to over 70%
of global demand. The market is dominated by companies such as Fuel Cell Energy,
Ballard, Clearedge and Toshiba. Some of other companies operating in the global market
include, Panasonic, Plug Power Inc. and Hydrogenics Corporation.
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Global fuel cell capacity is expected to reach 664.5 MW by 2020, growing at a CAGR of 22.6% from 2014 to 2020. Government support across various nations to develop hydrogen fuel station is expected to remain a major driving factor for the market over the next six years.

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