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Fuel Cells Market by Type (Alkaline Fuel Cells, Phosphoric Acid Fuel Cells, DMFC, MCFC, PEMFC, SOFC ), by Temperature (Low Temperature Cells, Medium Temperatures Cells, High Temperatures Cells), by Functionality (Portable, Stationary, Transportation), by End-use (Healthcare, IT & Telecom, Sewage Processing, Retail & Logistics, Manufacturing, Military & Aerospace, Power Generation, Marine, Consumer Electronics, Automotive, Others) – Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

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Overview of the Global Fuel Cells Market

The global fuel cell market was valued at US$ 3.5 billion in 2017 and is expected to grow at a CAGR of 19.6% from 2018 to 2026. Technological advancement, government mandates on environmental safety and subsidiaries, and improved manufacturing efficiencies are some of the prime factors responsible for the exaggerated demand for fuel cells worldwide. The global appetite for fuel cell products is expected to increase in dramatic fashion over the next decade.

According to a U.S. Department of Energy report on fuel cell technology, technological advances are helping to reduce the cost of fuel cells, which further encourages the applications of fuel cells across numerous industry verticals. In addition, government mandates for the use of alternative energy sources, contamination abatement, and government subsidies are further propelling the fuel cell’s cost competitiveness. The government, along with the market leaders, is increasingly initiating efforts to handle the market barrier for fuel cell technology. State governments and company associations are initiating efforts to increase the utilization of fuel cell technology among different industry applications.

Market Snapshot

Throughout the forecast period, the automotive end-use will witness significant growth in the overall fuel cell market.

Growing technology acceptance coupled with increasing awareness about environmental safety will ensure significant growth in the automotive industry over the review period from 2018 to 2026. To reduce greenhouse gas emissions, state governments are initiating efforts to promote clean energy sources such as fuel cells. Government organizations, particularly those in developing countries, are increasing their investments in alternative energy sources in order to completely eliminate CO2 emissions. Moreover, leading players in the automotive industry are welcoming fuel cell technology to serve the changing needs of nations. On September 14, 2018, the Hydrogen Council, a global initiative of leading energy and transportation industry players promoting hydrogen to foster the energy transition, declared that the association is committed to an ambitious goal of guaranteeing 100% hydrogen fuel use in different modes of transportation by 2030.

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The Asia Pacific region dominates the fuel cell market, with North America expected to emerge as the next promising region.

Asia Pacific accounted for the leading market share in 2017, followed by North America. The growing automotive industry combined with increased fuel cell technology implementation among developing economies such as China, Japan, and Korea allows Asia Pacific to continue dominating the overall fuel cell market from 2018 to 2026.

A number of recent indicators and industry experts suggest that China is becoming the center of a global energy transformation. Growing technological advancements coupled with the falling price of renewable energy sources are powering the overall energy transformation market in China. In addition, to increase the deployment of FCEVs in China’s existing infrastructure, the government has announced plans to build hydrogen stations to support over 50,000 zero-emission fuel-cell vehicles by 2025. The Chinese government intends to rapidly increase FCEV production to 1 million units by 2030. With the increasing adoption of fuel cell technology, Japan is also aiming to have more than 80 new hydrogen refueling stations in place by the end of 2021.

The U.S. fuel cell market is projected to grow with continuous economic support from government organizations comprising the Department of Energy. Increasing government participation to promote renewable energy technologies and reduce carbon emissions will further enhance the industry outlook. On October 9, 2018, the US Department of Energy and the US Army signed a memorandum of understanding for a collaborative project to develop fuel cell technology. This collaboration aims to facilitate R&D for an innovative hydrogen and fuel cell technology portfolio. Furthermore, with increased adoption and a greater number of hydrogen fueling stations, California now leads the overall fuel cell market in the United States.

Competitive Insights

Product launches and the introduction of new applications of fuel cell technology are some of the widely accepted approaches in the overall fuel cell market. In order to sustain their dominating position in the global market, fuel cell vendors are increasingly presenting innovative applications of fuel cell technology to the world. On July 20, 2018, Golden Gate Zero Emission Marine (GGZEM) announced that the company plans to introduce the first commercial fuel-cell ferry, named Water-Go-Round, to the world by 2019.

Further, some fuel cell market vendors are engaging in mergers and acquisitions as one of the key strategies for business expansion. For instance, on April 26, 2017, Hyundai Motor Group signed an agreement with Audi AG to create a global leader in the manufacturing of fuel-cell electric vehicles. After this move, on August 17, 2017, Hyundai Motor Group unveiled its all-new fuel cell SUV with improved travel range during a media preview in Seoul, South Korea.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments   

The fuel cell market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global fuel cell market based on fuel cell type, temperature, functionality, end-use, and geography. Key segments covered in the global fuel cells market report include:

Fuel Cell Type Segmentation and Market Analysis (2016-2026; US$ Billion)

  • Alkaline Fuel Cells (AFC)
  • Direct Methanol Fuel Cell (DMFC)
  • Molten carbonate fuel cells (MCFC)
  • Phosphoric Acid Fuel Cells (PAFC)
  • Proton Exchange Membrane Fuel Cells (PEMFC)
  • Solid Oxide Fuel Cells (SOFC)

In 2017, the proton exchange membrane fuel cells (PEMFC) segment dominated the global fuel cells market. With a high rate of adoption for numerous applications, including backup power, distributed generation, and transportation, the PEMFC segment further ensures high demand during the review period from 2018 to 2026. In 2017, 45,500 proton exchange membrane fuel cells (PEMFC) were transported globally.

Segmentation by Temperature and Analysis of the Fuel Cells Market (2016–2026; US$ BN)

  • Low-temperature (100 C) cells
  • Cells with a temperature range of 101o C to 250o C
  • High-temperature cells (>500 C)

Low-temperature cells (100 C) dominated the global fuel cell market in 2017.PEMFC, which accounted for more than 35% of the overall fuel cell market in 2017, comes with an operating range of 80 C. The growing market for PEMFC has been observed as one of the prime factors supplementing the global low-temperature fuel cell market’s growth.

Low-temperature fuel cells find major adoption in the automotive industry, followed by the consumer electronics sector. Moreover, low-temperature fuel cells were awarded as an environment-friendly technology capable of replacing combustion engines in cars and batteries in mobile devices by experts from the Aberdeen Institute of Energy.

Segmentation by Functionality and Analysis of the Fuel Cells Market (2016–2026; US$ BN)

  • Portable
  • Stationary
  • Transportation

During 2017, the stationary segment accounted for the highest share of more than 70%, considering increased demand from several industry verticals, including manufacturing and sewage processing, among others. Stationary fuel cell applications include prime power, large combined heat and power (CHP), residential CHP (resCHP), and uninterrupted power supply (UPS). These applications reported the highest contribution to overall fuel cell market growth. Further, with the increasing adoption of light-duty vehicles, the transportation segment is expected to emerge as the next major one.

Segmentation by End-use and Analysis of the Fuel Cells Market (2016–2026; US$ BN)

  • Healthcare
  • IT & Telecom
  • Sewage Processing
  • Food & Beverage
  • Retail and Logistics
  • Manufacturing
  • Military and Aerospace
  • Power Generation
  • Marine
  • Consumer Electronics
  • Automotive
  • Others (education and government, BFSI, utilities, etc.)

The automotive industry sees great potential in the fuel cell market. The development of new and diversified technologies is creating exciting opportunities within the automotive industry. Fuel cells for automotive applications are an attractive prospect for automotive consumers and manufacturers. It delivers a low-carbon solution to mobility without the limited range associated with battery-operated electric vehicles. This factor has been identified as influencing consumer preferences toward the adoption of fuel-cell vehicles. Further, stringent government regulations regarding the environmental effects of pollution emissions through cars and other transportation vehicles have been observed as one of the prime factors supplementing the growth of the fuel cell market. The transportation sector is seen as one of the major industries responsible for more than 12% of total CO2 emissions.

Segmentation by Geography and Analysis of the Fuel Cells Market (2016–2026; US$ BN)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Asia Pacific led the fuel cell market in 2017 and is expected to continue its dominance in the near future. The U.S. has been securing the largest market share in the North American fuel cell market on account of rapid development in power technologies. Government support through research, development, and deployment initiatives and grants (e.g., for building the infrastructure for hydrogen distribution) is noted as one of the prominent factors influencing the growth of the overall fuel cell market. Tax reduction and other subsidiary policies are further supplementing the market growth.

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Key questions are answered in this report.

  • What was the market size of fuel cells in 2017, and what is the forecast up to 2026?
  • Which is the largest regional market for fuel cells?
  • What are the key market trends observed in the fuel cell market?
  • Which is the most promising type of fuel cell on the market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key factors driving the global fuel cell market?
  • What are the market opportunities and threats faced by the market players in the global fuel cell market?

This report’s distinct data points

  • Statistics on the adoption of fuel cells in all types, temperatures, end-use, and functionality segments per region
  • The market size for fuel cells has been calculated based on concrete parameters, including the distribution of fuel cells among different industries worldwide.
  • Market volume on the basis of fuel cell type, temperature, end-use, and functionality segments per region
  • Top countries in terms of penetration of fuel cells
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global FC Market
2.1.1 Global FC Market, by Type, 2017 (US$ Bn) (Thousand Units)
2.1.2 Global FC Market, by Temperature, 2017 (US$ Bn) (Thousand Units)
2.1.3 Global FC Market, by Functionality, 2017 (US$ Bn) (Thousand Units)
2.1.4 Global FC Market, by End-use, 2017 (US$ Bn) (Thousand Units)
2.1.5 Global FC Market, by Geography, 2017 (US$ Bn) (Thousand Units)

Chapter 3 Market Dynamics
3.1 Global FC Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Challenges
3.3 See-Saw Analysis
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Attractive Investment Proposition, by Geography, 2017
3.5 Market Positioning of Key Players, 2017

Chapter 4 Global Fuel Cells (FC) Market Value, by Type
4.1 Overview
4.1.1 Global FC Market Value Share, by Type, 2017 & 2026 (Value, %)
4.1.2 Global FC Market Value, by Type, 2016—2026 (US$ Bn)
4.1.3 Global FC Market Volume, by Type, 2016—2026 (Thousand Units)
4.2 Alkaline Fuel Cells (AFC)
4.2.1 Global Alkaline FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
4.3 Direct Methanol Fuel Cell (DMFC)
4.3.1 Global Direct Methanol FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
4.4 Molten Carbonate Fuel Cells (MCFC)
4.4.1 Global Molten Carbonate FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
4.5 Phosphoric Acid Fuel Cells (PAFC)
4.5.1 Global Phosphoric Acid FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
4.6 Proton Exchange Membrane Fuel Cells (PEMFC)
4.6.1 Global Proton Exchange Membrane FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
4.7 Solid Oxide Fuel Cells (SOFC)
4.7.1 Global Solid Oxide FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)

Chapter 5 Global Fuel Cells (FC) Market Value, by Temperature
5.1 Overview
5.1.1 Global FC Market Value Share, by Temperature, 2017 & 2026 (Value, %)
5.1.2 Global FC Market Value, by Temperature, 2016—2026 (US$ Bn)
5.1.3 Global FC Market Volume, by Temperature, 2016—2026 (Thousand Units)
5.2 Low Temperature Cells (< 100o C)
5.2.1 Global FC Market Value and Volume from Low Temperature Cells (< 100o C), 2016—2026 (US$ Bn) (Thousand Units)
5.3 Medium Temperatures Cells (101o C to 250o C)
5.3.1 Global FC Market Value and Volume from Medium Temperatures Cells (101o C to 250o C), 2016—2026 (US$ Bn) (Thousand Units)
5.4 High Temperatures Cells (>500o C)
5.4.1 Global FC Market Value and Volume from High Temperatures Cells (>500o C), 2016—2026 (US$ Bn) (Thousand Units)

Chapter 6 Global Fuel Cells (FC) Market Value, by Functionality
6.1 Overview
6.1.1 Global FC Market Value Share, by Functionality, 2017 & 2026 (Value, %)
6.1.2 Global FC Market Value, by Functionality, 2016—2026 (US$ Bn)
6.1.3 Global FC Market Volume, by Functionality, 2016—2026 (Thousand Units)
6.2 Portable
6.2.1 Global FC Market Value and Volume from Portable Functionalitys, 2016—2026 (US$ Bn) (Thousand Units)
6.3 Stationary
6.3.1 Global FC Market Value and Volume from Stationary Functionalitys, 2016—2026 (US$ Bn) (Thousand Units)
6.4 Transportation
6.4.1 Global FC Market Value and Volume From Transportation, 2016—2026 (US$ Bn) (Thousand Units)

Chapter 7 Global Fuel Cells (FC) Market Value, by End-use
7.1 Overview
7.1.1 Global FC Market Value Share, by End-use, 2017 & 2026 (Value, %)
7.1.2 Global FC Market Value, by End-use, 2016—2026 (US$ Bn)
7.1.3 Global FC Market Volume, by End-use, 2016—2026 (Thousand Units)
7.2 Healthcare
7.2.1 Global FC Market Value and Volume from Healthcare, 2016—2026 (US$ Bn) (Thousand Units)
7.3 IT & Telecom
7.3.1 Global FC Market Value and Volume from IT & Telecom, 2016—2026 (US$ Bn) (Thousand Units)
7.4 Sewage Processing
7.4.1 Global FC Market Value and Volume From Sewage Processing, 2016—2026 (US$ Bn) (Thousand Units)
7.5 Food & Beverage
7.5.1 Global FC Market Value and Volume From Food & Beverage, 2016—2026 (US$ Bn) (Thousand Units)
7.6 Retail & Logistics
7.6.1 Global FC Market Value and Volume From Retail & Logistics, 2016—2026 (US$ Bn) (Thousand Units)
7.7 Manufacturing
7.7.1 Global FC Market Value and Volume From Manufacturing, 2016—2026 (US$ Bn) (Thousand Units)
7.8 Military & Aerospace
7.8.1 Global FC Market Value and Volume From Military & Aerospace, 2016—2026 (US$ Bn) (Thousand Units)
7.9 Power Generation
7.9.1 Global FC Market Value and Volume From Power Generation, 2016—2026 (US$ Bn) (Thousand Units)
7.10 Marine
7.10.1 Global FC Market Value and Volume From Marine, 2016—2026 (US$ Bn) (Thousand Units)
7.11 Consumer Electronics
7.11.1 Global FC Market Value and Volume From Consumer Electronics, 2016—2026 (US$ Bn) (Thousand Units)
7.12 Automotive
7.12.1 Global FC Market Value and Volume From Automotive, 2016—2026 (US$ Bn) (Thousand Units)
7.13 Others (Education and Government, BFSI, Utilities, etc.)
7.13.1 Global FC Market Value and Volume From Others (Education and Government, BFSI, Utilities, etc.), 2016—2026 (US$ Bn) (Thousand Units)

Chapter 8 North America Fuel Cells (FC) Market Analysis
8.1 Overview
8.1.1 North America FC Market Value, 2016—2026, (US$ Bn)
8.2 North America FC Market, by Type, 2016—2026 (US$ Bn) (Thousand Units)
8.2.1 Comparative Analysis
8.3 North America FC Market, by Temperature, 2016—2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 North America FC Market, by Functionality, 2016—2026 (US$ Bn) (Thousand Units)
8.4.1 Comparative Analysis
8.5 North America FC Market, by End-use, 2016—2026 (US$ Bn) (Thousand Units)
8.5.1 Comparative Analysis
8.6 North America FC Market Value, by Country/Region, 2016—2026 (US$ Bn)
8.6.1 U.S. FC Market Value, 2016—2026 (US$ Bn)
8.6.1.1 U.S. FC Market Value, by Type, 2016—2026 (US$ Bn)
8.6.1.2 U.S. FC Market Value, by Temperature, 2016—2026 (US$ Bn)
8.6.1.3 U.S. FC Market Value, by Functionality, 2016—2026 (US$ Bn)
8.6.1.4 U.S. FC Market Value, by End-use, 2016—2026 (US$ Bn)
8.6.2 Rest of North America FC Market Value, 2016—2026 (US$ Bn)
8.6.2.1 Rest of North America FC Market Value, by Type, 2016—2026 (US$ Bn)
8.6.2.2 Rest of North America FC Market Value, by Temperature, 2016—2026 (US$ Bn)
8.6.2.3 Rest of North America FC Market Value, by Functionality, 2016—2026 (US$ Bn)
8.6.2.4 Rest of North America FC Market Value, by End-use, 2016—2026 (US$ Bn)

Chapter 9 Europe Fuel Cells (FC) Market Analysis
9.1 Overview
9.1.1 Europe FC Market Value, 2016—2026, (US$ Bn)
9.2 Europe FC Market, by Type, 2016—2026 (US$ Bn) (Thousand Units)
9.3 Europe FC Market, by Temperature, 2016—2026 (US$ Bn) (Thousand Units)
9.4 Europe FC Market, by Functionality, 2016—2026 (US$ Bn) (Thousand Units)
9.5 Europe FC Market, by End-use, 2016—2026 (US$ Bn) (Thousand Units)
9.6 Europe FC Market Value, by Country/Region, 2016—2026 (US$ Bn)
9.6.1 U.K. FC Market Value, 2016—2026 (US$ Bn)
9.6.1.1 U.K. FC Market Value, by Type, 2016—2026 (US$ Bn)
9.6.1.2 U.K. FC Market Value, by Temperature, 2016—2026 (US$ Bn)
9.6.1.3 U.K. FC Market Value, by Functionality, 2016—2026 (US$ Bn)
9.6.1.4 U.K. FC Market Value, by End-use, 2016—2026 (US$ Bn)
9.6.2 Germany FC Market Value, 2016—2026 (US$ Bn)
9.6.2.1 Germany FC Market Value, by Type, 2016—2026 (US$ Bn)
9.6.2.2 Germany FC Market Value, by Temperature, 2016—2026 (US$ Bn)
9.6.2.3 Germany FC Market Value, by Functionality, 2016—2026 (US$ Bn)
9.6.2.4 Germany FC Market Value, by End-use, 2016—2026 (US$ Bn)
9.6.3 France FC Market Value, 2016—2026 (US$ Bn)
9.6.3.1 France FC Market Value, by Type, 2016—2026 (US$ Bn)
9.6.3.2 France FC Market Value, by Temperature, 2016—2026 (US$ Bn)
9.6.3.3 France FC Market Value, by Functionality, 2016—2026 (US$ Bn)
9.6.3.4 France FC Market Value, by End-use, 2016—2026 (US$ Bn)
9.6.4 Rest of Europe FC Market Value, 2016—2026 (US$ Bn)
9.6.4.1 Rest of Europe FC Market Value, by Type, 2016—2026 (US$ Bn)
9.6.4.2 Rest of Europe FC Market Value, by Temperature, 2016—2026 (US$ Bn)
9.6.4.3 Rest of Europe FC Market Value, by Functionality, 2016—2026 (US$ Bn)
9.6.4.4 Rest of Europe FC Market Value, by End-use, 2016—2026 (US$ Bn)

Chapter 10 Asia Pacific Fuel Cells (FC) Market Analysis
10.1 Overview
10.1.1 Asia Pacific FC Market Value, 2016—2026, (US$ Bn)
10.2 Asia Pacific FC Market, by Type, 2016—2026 (US$ Bn) (Thousand Units)
10.3 Asia Pacific FC Market, by Temperature, 2016—2026 (US$ Bn) (Thousand Units)
10.4 Asia Pacific FC Market, by Functionality, 2016—2026 (US$ Bn) (Thousand Units)
10.5 Asia Pacific FC Market, by End-use, 2016—2026 (US$ Bn) (Thousand Units)
10.6 Asia Pacific FC Market Value, by Country/Region, 2016—2026 (US$ Bn)
10.6.1 China FC Market Value, 2016—2026 (US$ Bn)
10.6.1.1 China FC Market Value, by Type, 2016—2026 (US$ Bn)
10.6.1.2 China FC Market Value, by Temperature, 2016—2026 (US$ Bn)
10.6.1.3 China FC Market Value, by Functionality, 2016—2026 (US$ Bn)
10.6.1.4 China FC Market Value, by End-use, 2016—2026 (US$ Bn)
10.6.2 Japan FC Market Value, 2016—2026 (US$ Bn)
10.6.2.1 Japan FC Market Value, by Type, 2016—2026 (US$ Bn)
10.6.2.2 Japan FC Market Value, by Temperature, 2016—2026 (US$ Bn)
10.6.2.3 Japan FC Market Value, by Functionality, 2016—2026 (US$ Bn)
10.6.2.4 Japan FC Market Value, by End-use, 2016—2026 (US$ Bn)
10.6.3 South Asia FC Market Value, 2016—2026 (US$ Bn)
10.6.3.1 South Asia FC Market Value, by Type, 2016—2026 (US$ Bn)
10.6.3.2 South Asia FC Market Value, by Temperature, 2016—2026 (US$ Bn)
10.6.3.3 South Asia FC Market Value, by Functionality, 2016—2026 (US$ Bn)
10.6.3.4 South Asia FC Market Value, by End-use, 2016—2026 (US$ Bn)
10.6.4 Rest of Asia Pacific FC Market Value, 2016—2026 (US$ Bn)
10.6.4.1 Rest of Asia Pacific FC Market Value, by Type, 2016—2026 (US$ Bn)
10.6.4.2 Rest of Asia Pacific FC Market Value, by Temperature, 2016—2026 (US$ Bn)
10.6.4.3 Rest of Asia Pacific FC Market Value, by Functionality, 2016—2026 (US$ Bn)
10.6.4.4 Rest of Asia Pacific FC Market Value, by End-use, 2016—2026 (US$ Bn)

Chapter 11 Rest of the World Fuel Cells (FC) Market Analysis
11.1 Overview
11.1.1 Rest of the World FC Market Value, 2016—2026, (US$ Bn)
11.2 Rest of the World FC Market, by Type, 2016—2026 (US$ Bn) (Thousand Units)
11.3 Rest of the World FC Market, by Temperature, 2016—2026 (US$ Bn) (Thousand Units)
11.4 Rest of the World FC Market, by Functionality, 2016—2026 (US$ Bn) (Thousand Units)
11.5 Rest of the World FC Market, by End-use, 2016—2026 (US$ Bn) (Thousand Units)
11.6 Rest of the World FC Market Value, by Region, 2016—2026 (US$ Bn)
11.6.1 Middle East & Africa FC Market Value, 2016—2026 (US$ Bn)
11.6.1.1 Middle East & Africa FC Market Value, by Type, 2016—2026 (US$ Bn)
11.6.1.2 Middle East & Africa FC Market Value, by Temperature, 2016—2026 (US$ Bn)
11.6.1.3 Middle East & Africa FC Market Value, by Functionality, 2016—2026 (US$ Bn)
11.6.1.4 Middle East & Africa FC Market Value, by End-use, 2016—2026 (US$ Bn)
11.6.2 Latin America FC Market Value, 2016—2026 (US$ Bn)
11.6.2.1 Latin America FC Market Value, by Type, 2016—2026 (US$ Bn)
11.6.2.2 Latin America FC Market Value, by Temperature, 2016—2026 (US$ Bn)
11.6.2.3 Latin America FC Market Value, by Functionality, 2016—2026 (US$ Bn)
11.6.2.4 Latin America FC Market Value, by End-use, 2016—2026 (US$ Bn)

Chapter 12 Company Profiles
12.1 ClearEdge Power LLC
12.2 FuelCell Energy, Inc.
12.3 Ballard Power Systems, Inc.
12.4 Hydrogenics Corporation
12.5 SFC Energy AG
12.6 Plug Power, Inc.
12.7 Ceramic Fuel Cells, Ltd.
12.8 Ceres Power Holdings PLC
12.9 Bloom Energy Corporation
12.10 Nedstack Fuel Cell Technology BV
12.11 Toshiba Fuel Cell Power Systems Corporation
12.12 Nuvera Fuel Cells, Inc.
12.13 AFC Energy PLC
12.14 Mitsubishi Hitachi Power Systems, Ltd.
12.15 Panasonic Corporation
12.16 Intelligent Energy Ltd.
12.17 Doosan Fuel Cell America, Inc.

List of Figures

FIG. 1 Global Fuel Cells (FC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global FC Market Segmentation
FIG. 4 Global FC Market, by Type, 2017 (US$ Bn) (Thousand Units)
FIG. 5 Global FC Market Value, by Temperature, 2017 (US$ Bn)
FIG. 6 Global FC Market, by Application, 2017 (US$ Bn) (Thousand Units)
FIG. 7 Global FC Market, by Industry, 2017 (US$ Bn) (Thousand Units)
FIG. 8 Global FC Market, by Geography, 2017 (US$ Bn) (Thousand Units)
FIG. 9 Global FC Market Value and Growth, 2016—2026, (US$ Bn)
FIG. 10 See-Saw Analysis: Global FC Market
FIG. 11 Attractive Investment Proposition, by Geography, 2017
FIG. 12 Global Market Positioning of Key Fuel Cells Players, 2017
FIG. 13 Global FC Market Value Share, by Type, 2017 & 2026 (Value, %)
FIG. 14 Global Alkaline FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 15 Global Direct Methanol FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 16 Global Molten Carbonate FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 17 Global Phosphoric Acid FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 18 Global Proton Exchange Membrane FC Market Value and Volume, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 19 Global Solid Oxide FC Market Value, and Volume 2016—2026 (US$ Bn) (Thousand Units)
FIG. 20 Global FC Market Value Share, by Temperature, 2017 & 2026 (Value, %)
FIG. 21 Global FC Market Value and Volume from Low Temperature Cells (< 100o C), 2016—2026 (US$ Bn) (Thousand Units)
FIG. 22 Global FC Market Value and Volume from Medium Temperatures Cells (101o C to 250o C), 2016—2026 (US$ Bn) (Thousand Units)
FIG. 23 Global FC Market Value and Volume from High Temperatures Cells (>500o C), 2016—2026 (US$ Bn) (Thousand Units)
FIG. 24 Global FC Market Value Share, by Application, 2017 & 2026 (Value, %)
FIG. 25 Global Remote Controlled FC Market Value and Volume from Portable Applications, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 26 Global Remote Controlled FC Market Value and Volume from Stationary Applications, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 27 Global FC Market Value and Volume from Transportation, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 28 Global FC Market Value Share, by Industry, 2017 & 2026 (Value, %)
FIG. 29 Global Remote Controlled FC Market Value from Healthcare, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 30 Global Remote Controlled FC Market Value and Volume from IT & Telecommunication, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 31 Global FC Market Value and Volume from Sewage Processing, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 32 Global FC Market Value and Volume from Food & Beverage, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 33 Global FC Market Value and Volume from Retail & Logistics, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 34 Global FC Market Value and Volume from Manufacturing, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 35 Global FC Market Value and Volume from Military & Aerospace, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 36 Global FC Market Value and Volume from Power Generation, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 37 Global FC Market Value and Volume from Marine, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 38 Global FC Market Value and Volume from Consumer Electronics, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 39 Global FC Market Value and Volume from Automotive, 2016—2026 (US$ Bn) (Thousand Units)
FIG. 40 Global FC Market Value and Volume from Others (Education and Government, BFSI, Utilities, etc.), 2016—2026 (US$ Bn) (Thousand Units)
FIG. 41 North America FC Market Value, 2016—2026, (US$ Bn)
FIG. 42 U.S. FC Market Value, 2016—2026, (US$ Bn)
FIG. 43 Rest of North America FC Market Value, 2016—2026, (US$ Bn)
FIG. 44 Europe FC Market Value, 2016—2026, (US$ Bn)
FIG. 45 U.K. FC Market Value, 2016—2026, (US$ Bn)
FIG. 46 Germany FC Market Value, 2016—2026, (US$ Bn)
FIG. 47 France FC Market Value, 2016—2026, (US$ Bn)
FIG. 48 Rest of Europe FC Market Value, 2016—2026, (US$ Bn)
FIG. 49 Asia Pacific FC Market Value, 2016—2026, (US$ Bn)
FIG. 50 China FC Market Value, 2016—2026, (US$ Bn)
FIG. 51 Japan FC Market Value, 2016—2026, (US$ Bn)
FIG. 52 South Asia FC Market Value, 2016—2026, (US$ Bn)
FIG. 53 Rest of Asia Pacific FC Market Value, 2016—2026, (US$ Bn)
FIG. 54 Rest of the World FC Market Value, 2016—2026, (US$ Bn)
FIG. 55 Middle East & Africa FC Market Value, 2016—2026, (US$ Bn)
FIG. 56 Latin America FC Market Value, 2016—2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Fuel Cells (FC) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 5 Global FC Market Volume, by Type, 2016—2026 (Thousand Units)
TABLE 6 Global FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 7 Global FC Market Volume, by Temperature, 2016—2026 (Thousand Units)
TABLE 8 Global FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 9 Global FC Market Volume, by Functionality, 2016—2026 (Thousand Units)
TABLE 10 Global FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 11 Global FC Market Volume, by End-use, 2016—2026 (Thousand Units)
TABLE 12 North America FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 13 North America FC Market Volume, by Type, 2016—2026 (Thousand Units)
TABLE 14 North America FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 15 North America FC Market Volume, by Temperature, 2016—2026 (Thousand Units)
TABLE 16 North America FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 17 North America FC Market Volume, by Functionality, 2016—2026 (Thousand Units)
TABLE 18 North America FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 19 North America FC Market Volume, by End-use, 2016—2026 (Thousand Units)
TABLE 20 U.S. FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 21 U.S. FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 22 U.S. FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 23 U.S. FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 24 Rest of North America FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 25 Rest of North America FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 26 Rest of North America FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 27 Rest of North America FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 28 Europe FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 29 Europe FC Market Volume, by Type, 2016—2026 (Thousand Units)
TABLE 30 Europe FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 31 Europe FC Market Volume, by Temperature, 2016—2026 (Thousand Units)
TABLE 32 Europe FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 33 Europe FC Market Volume, by Functionality, 2016—2026 (Thousand Units)
TABLE 34 Europe FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 35 Europe FC Market Volume, by End-use, 2016—2026 (Thousand Units)
TABLE 36 U.K. FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 37 U.K. FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 38 U.K. FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 39 U.K. FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 40 Germany FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 41 Germany FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 42 Germany FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 43 Germany FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 44 France FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 45 France FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 46 France FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 47 France FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 48 Rest of Europe FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 49 Rest of Europe FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 50 Rest of Europe FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 51 Rest of Europe FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 52 Asia Pacific FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 53 Asia Pacific FC Market Volume, by Type, 2016—2026 (Thousand Units)
TABLE 54 Asia Pacific FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 55 Asia Pacific FC Market Volume, by Temperature, 2016—2026 (Thousand Units)
TABLE 56 Asia Pacific FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 57 Asia Pacific FC Market Volume, by Functionality, 2016—2026 (Thousand Units)
TABLE 58 Asia Pacific FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 59 Asia Pacific FC Market Volume, by End-use, 2016—2026 (Thousand Units)
TABLE 60 China FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 61 China FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 62 China FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 63 China FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 64 Japan FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 65 Japan FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 66 Japan FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 67 Japan FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 68 South Asia FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 69 South Asia FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 70 South Asia FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 71 South Asia FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 72 Rest of Asia Pacific FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 73 Rest of Asia Pacific FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 74 Rest of Asia Pacific FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 75 Rest of Asia Pacific FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 76 Rest of the World FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 77 Rest of the World FC Market Volume, by Type, 2016—2026 (Thousand Units)
TABLE 78 Rest of the World FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 79 Rest of the World FC Market Volume, by Temperature, 2016—2026 (Thousand Units)
TABLE 80 Rest of the World FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 81 Rest of the World FC Market Volume, by Functionality, 2016—2026 (Thousand Units)
TABLE 82 Rest of the World FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 83 Rest of the World FC Market Volume, by End-use, 2016—2026 (Thousand Units)
TABLE 84 Middle East & Africa FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 85 Middle East & Africa FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 86 Middle East & Africa FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 87 Middle East & Africa FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 88 Latin America FC Market Value, by Type, 2016—2026 (US$ Bn)
TABLE 89 Latin America FC Market Value, by Temperature, 2016—2026 (US$ Bn)
TABLE 90 Latin America FC Market Value, by Functionality, 2016—2026 (US$ Bn)
TABLE 91 Latin America FC Market Value, by End-use, 2016—2026 (US$ Bn)
TABLE 92 ClearEdge Power LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 93 FuelCell Energy, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 94 Ballard Power Systems, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 95 Hydrogenics Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 96 SFC Energy AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 97 Plug Power, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 98 Ceramic Fuel Cells, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 99 Ceres Power Holdings PLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 100 Bloom Energy Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 101 Nedstack Fuel Cell Technology BV: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 102 Toshiba Fuel Cell Power Systems Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 103 Nuvera Fuel Cells, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 104 AFC Energy PLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 105 Mitsubishi Hitachi Power Systems, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 106 Panasonic Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 107 Intelligent Energy Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 108 Doosan Fuel Cell America, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Questions

What is the size of Fuel Cells Market?

The market for Fuel Cells is expected to reach US$ 3.5 Bn in 2026.

What is the Fuel Cells Market CAGR?

The Fuel Cells market is expected to see significant CAGR growth over the coming years, at 19.6%.

What is the Forecast period considered for Fuel Cells Market?

The report is forecasted from 2018-2026.

What is the base year considered for Fuel Cells Market?

The base year of this report is 2017.

Who are the major players in this Market?

ClearEdge Power LLC, Fuel Cell Energy Inc., Ballard Power Systems Inc., Hydrogenics Corporation, SFC Energy AG are some of the major players in the global market.

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