A fuel cell is an electrochemical device that combines hydrogen fuel with oxygen to produce electricity, heat, and water. Fuel cells are very similar to batteries and electrochemical reactions take place as long as fuel is available. Hydrogen is stored in a pressurized container and oxygen is taken from the air. Since there is no combustion, there are no harmful emissions and the only by-product is pure water. The hydrogen and fuel cell market is driven primarily by a number of factors such as high demand from the automotive, telecom and residential Micro-CHP sectors and a reduced reliance on non-traditional energy sources. Some of the constraints, such as poor durability of fuel cells, hinder market growth.
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The major players operating in the global hydrogen and fuel cells market are Panasonic Corporation (Japan), FuelCell Energy, Inc. (U.S.), Plug Power Inc. (U.S.), Intelligent Energy Holdings plc (U.K.), and Hyster-Yale Group (U.S.). Other major players are Ballard Power Systems. (Canada), Doosan Fuel Cell (U.S.), Nedstack fuel cell technology BV. (Netherlands), Hydrogenics Corporation (Canada), Pearl Hydrogen (China), and Horizon Fuel Cell Technologies (Singapore).
Based on type, the market has been segmented into air-cooled type, and water-cooled type. Air-Cooled type accounted for the largest market share in 2016. Based on application, the market is segmented into stationary, transport and portable. Stationary application segment is the largest market share in 2016. Included in the stationary FC market are the main applications such as prime power, large CHP, residential CHP, and uninterrupted power supply (UPS).
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Scope of the Report
The research study analyzes the global Hydrogen and Fuel Cells industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Hydrogen and Fuel Cells Market Report
1. What was the Hydrogen and Fuel Cells Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Hydrogen and Fuel Cells Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Hydrogen and Fuel Cells Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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