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Fuel Cell Market Size Was Valued At USD 3.21 Billion In 2015 And Is Expected To Reach $24.81 Billion By 2025: Grand View Research, Inc.

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The global fuel cell market is expected to reach USD 24.81 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for unconventional energy sources is one of the key factors driving the global fuel cell market. Fuel c
Fuel Cell Market Size To Reach USD 24.81 Billion By 2025
“The global fuel cell market is expected to reach USD 24.81 billion by 2025. Growing
demand for unconventional energy sources is one of the key factors driving the
global fuel cell market”
The global fuel cell market is expected to reach USD 24.81 billion by 2025,
according to a new report by Grand View Research, Inc. Growing demand for
unconventional energy sources is one of the key factors driving the global fuel cell
market. Fuel cell is one of the fastest growing alternate backup power options primarily
due to the utilization of hydrogen as fuel. In addition, they are eco-friendly as their byproduct is harmless in nature, unlike other conventional technologies.
On the basis of policy development, China is still lagging but shows tremendous
promise in the near future as the majority of the Chinese fuel cell manufacturers have
been focusing to develop proton exchange membrane fuel cells. This implies the focus
of the country to incorporate fuel cells in various modes of transport.
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Detailed Research Report available at:
http://www.grandviewresearch.com/industry-analysis/fuel-cell-market
The market is expected to witness strategic alliances to expand the end user segment
in emerging markets. Public – private partnerships will be critical in attaining an
economically viable technological shift. Introducing cleaner technologies to substitute
existing methodologies is expected to incur high costs which are expected to challenge
the innovative streak of the key market players.
Further key findings from the report suggest:

Asia Pacific is expected to emerge as the largest market in terms of unit
shipment. Rising demand of Combined Heat and Power systems in Japan and
other countries in this region, the market for fuel cells is slated to register a
robust growth rate.

North America is likely to emerge as the largest market for fuel cells in terms of
installed capacity owing to the regulatory scenario in the region and
advancements in technology.

PEMFC is expected to emerge as the most dominant form of fuel cell owing to
their ability to suit a wide variety of applications ranging from portable to large
scale power systems.

In 2014, Japan had introduced “Promotion Project for Hydrogen Society Using
Renewable Energy”, an updated policy focused on fuel cell and hydrogen
roadmap. This region is expected to grow at an estimated CAGR of 37.8% from
2016 to 2025.

Transportation and Portable application segment are likely to reach a tipping
point between niche and mainstream over the forecast period.
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
Transportation application segment is expected to grow at an estimated CAGR of
39.2% from 2016 to 2025

Some companies operating in the global market include Plug power, Ballard
Power Systems, Hydrogenics Corporation, Ceramic Fuel Cells, Ltd., SFC Energy
AG
Read our blog on fuel cell market: http://www.grandviewresearch.com/blog/fuelcell-market
Table of content of global fuel cell market research report:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Fuel Cell Industry Outlook
3.1. Fuel Cell market segmentation
3.2. Market size and growth prospects, 2014 - 2025
3.3. Fuel Cell market - Value chain analysis
3.4. Fuel Cell market dynamics
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3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Fuel Cell market PESTEL analysis, 2015
Chapter 4. Fuel Cell Product Outlook
4.1. Global fuel cell market share by product, 2015 & 2025
4.2. PEMFC
4.2.1. Market estimates and forecast, 2014 - 2025
4.2.2. Market estimates and forecast by region, 2014 - 2025
4.3. PAFC
4.3.1. Market estimates and forecast, 2014 - 2025
4.3.2. Market estimates and forecast by region, 2014 - 2025
4.4. SOFC
4.4.1. Market estimates and forecast, 2014 - 2025
4.4.2. Market estimates and forecast by region, 2014 - 2025
4.5. MCFC
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4.5.1. Market estimates and forecast, 2014 - 2025
4.5.2. Market estimates and forecast by region, 2014 - 2025
4.6. Others
4.6.1. Market estimates and forecast, 2014 - 2025
4.6.2. Market estimates and forecast by region, 2014 - 2025
Chapter 5. Fuel Cell Application Outlook
5.1. Global fuel cell market share by application, 2015 & 2025
5.2. Stationary
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast by region, 2014 - 2025
5.3. Transportation
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast by region, 2014 - 2025
5.4. Portable
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast by region, 2014 - 2025
Chapter 6. Fuel Cell Regional Outlook
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6.1. Global fuel cell market share by region, 2015 & 2025
6.2. North America
6.2.1. Market estimates and forecast, 2014 - 2025
6.2.2. Market estimates and forecast by product, 2014 - 2025
6.2.3. Market estimates and forecast by application, 2014 - 2025
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2014 - 2025
6.2.4.2. Market estimates and forecast by product, 2014 - 2025
6.2.4.3. Market estimates and forecast by application, 2014 - 2025
6.3. Europe
6.3.1. Market estimates and forecast, 2014 - 2025
6.3.2. Market estimates and forecast by product, 2014 - 2025
6.3.3. Market estimates and forecast by application, 2014 - 2025
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2014 - 2025
6.3.4.2. Market estimates and forecast by product, 2014 - 2025
6.3.4.3. Market estimates and forecast by application, 2014 - 2025
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6.3.5. UK
6.3.5.1. Market estimates and forecast, 2014 - 2025
6.3.5.2. Market estimates and forecast by product, 2014 - 2025
6.3.5.3. Market estimates and forecast by application, 2014 - 2025
6.3.6. France
6.3.6.1. Market estimates and forecast, 2014 - 2025
6.3.6.2. Market estimates and forecast by product, 2014 - 2025
6.3.6.3. Market estimates and forecast by application, 2014 - 2025
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2014 - 2025
6.4.2. Market estimates and forecast by product, 2014 - 2025
6.4.3. Market estimates and forecast by application, 2014 - 2025
6.4.4. China
6.4.4.1. Market estimates and forecast, 2014 - 2025
6.4.4.2. Market estimates and forecast by product, 2014 - 2025
6.4.4.3. Market estimates and forecast by application, 2014 - 2025
6.4.5. Japan
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6.4.5.1. Market estimates and forecast, 2014 - 2025
6.4.5.2. Market estimates and forecast by product, 2014 - 2025
6.4.5.3. Market estimates and forecast by application, 2014 - 2025
6.4.6. South Korea
6.4.6.1. Market estimates and forecast, 2014 - 2025
6.4.6.2. Market estimates and forecast by product, 2014 - 2025
6.4.6.3. Market estimates and forecast by application, 2014 - 2025
6.5. Middle East & Africa
6.5.1. Market estimates and forecast, 2014 - 2025
6.5.2. Market estimates and forecast by product, 2014 - 2025
6.5.3. Market estimates and forecast by application, 2014 - 2025
6.6. Central & South America
6.6.1. Market estimates and forecast, 2014 - 2025
6.6.2. Market estimates and forecast by product, 2014 - 2025
6.6.3. Market estimates and forecast by application, 2014 - 2025
6.6.4. Brazil
6.6.4.1. Market estimates and forecast, 2014 - 2025
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6.6.4.2. Market estimates and forecast by product, 2014 - 2025
6.6.4.3. Market estimates and forecast by application, 2014 - 2025
Chapter 7. Competitive Landscape
7.1. Competitive heat map analysis
7.2. Vendor landscape
7.3. Competitive environment
Chapter 8. Competitive Landscape
8.1. FuelCell Energy,Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Ballard Power Systems
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
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8.3. Hydrogenics Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. SFC Group
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Plug Power
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Ceramic Fuel Cells, Ltd
8.6.1. Company Overview
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8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Ceres Power
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. UTC Power Corporation
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Bloom Energy
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
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8.9.4. Strategic Initiatives
8.10. Nedstack Fuel Cell Technology BV.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: [email protected]
Web – http://www.grandviewresearch.com/
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dhanashree
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