Global Fuel Cell Market Insights and Forecast to 2028

A fuel cell is an electrochemical cell that converts the chemical energy of a fuel (often hydrogen) and an oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen (usually from air) to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from metals and their ions or oxides that are commonly already present in the battery, except in flow batteries. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.
Market Analysis and Insights: Global Fuel Cell Market
Due to the COVID-19 pandemic, the global Fuel Cell market size is estimated to be worth US$ 6342.4 million in 2022 and is forecast to a readjusted size of US$ 19320 million by 2028 with a CAGR of 20.4% during the review period. Fully considering the economic change by this health crisis, PEMFCs accounting for % of the Fuel Cell global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Transport segment is altered to an % CAGR throughout this forecast period.
The major players in global Fuel Cell market include Bloom Energy, Panasonic, Toshiba ESS, etc. The top 3 players occupy about 50% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 60% of the global market. PEMFCs is the main type, with a share about 70%. Stationary is the main application, which holds a share about 70%.
In terms of production side, this report researches the Fuel Cell capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Fuel Cell by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Fuel Cell Scope and Segment
Fuel Cell market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Fuel Cell market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
PEMFCs
SOFC
MCFC
PAFC
Others
Segment by Application
Transport
Stationary
Portable
By Company
Bloom Energy
Panasonic
Toshiba ESS
Aisin Seiki
Plug Power
Ballard Power Systems
Mitsubishi
Doosan
FuelCell Energy
POSCO Energy
Hydrogenics
SOLIDpower
Ceres Power
Horizon Fuel Cell Technologies
Convion
Production by Region
North America
Europe
South Korea
Japan
Southeast Asia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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Details
QYR-19998417

14-Jan-2022

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