About Mobile Hydrogen Fuel Cells
A Mobile Hydrogen fuel cell is a device that generates energy through an electrochemical process instead of burning. In a fuel cell, electricity, heat, and water are produced by combining hydrogen and oxygen. A hydrogen fuel cell generates electricity by using the hydrogen's chemical energy.. It is a clean form of energy, generating only electricity, heat, and water as waste. Fuel cells may power sources as big as a power plant or as small as a laptop, and they have many uses, including transportation and emergency backup power.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Currently, only a small number of companies worldwide are engaged in the hydrogen fuel cell industry. However, given how competitive the sector is, more new businesses will probably enter it in the years to come. The development of new goods and the success of top companies depend on this investment. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Mobile Hydrogen Fuel Cells market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Panasonic Corporation (Japan), Intelligent Energy Holdings plc (United Kingdom), FuelCell Energy Inc. (United States), Plug Power Inc. (United States), Hyster-Yale Group (United States), Doosan Fuel Cell (United States), Ballard Power Systems. (United States), Nedstack fuel cell technology BV. (Europe), Pearl Hydrogen (China) and Hydrogenics Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Horizon Fuel Cell Technologies (Singapore), Sunrise Power (United States) and Toshiba Energy Systems (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Mobile Hydrogen Fuel Cells market by Type (Polymer Exchange Membrane Fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Solid Oxide Fuel Cells (SOFC) and Others), Application (Portable, Stationary, Transport and Others) and Region.
On the basis of geography, the market of Mobile Hydrogen Fuel Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Offline will boost the Mobile Hydrogen Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Small Scale will boost the Mobile Hydrogen Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Fuel Cell Vehicles will boost the Mobile Hydrogen Fuel Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021 Plug Power US based Hydrogen Fuel Cells provider has acquired Applied cryo technologies. The Acquisition offer technology, equipment, and services for the transportation, storage and distribution of liquid hydrogen and other gases. The acquisition would add capabilities, expertise and technologies including a liquid hydrogen delivery, liquid hydrogen storages. This acquisition help companies to expand its green hydrogen system.
On 17 march 2022 Toyota launches India’s 1st hydrogen fuel cell-powered electric vehicle. The first hydrogen fuel cell-powered electric vehicle (FCEV) (Mirai) in India was introduced by the Japanese automaker Toyota as part of a pilot project by Toyota Kirloskar Motor and the International Center for Automotive Technology (ICAT) to study and evaluate the Toyota Mirai on Indian roads and climatic conditions. Toyota Mirai is powered by a hydrogen fuel cell battery pack, and comes with a certified range of up to 650 km in a single full charge. Toyota stated that their purpose is to achieve net-zero carbon (CO2) emissions across the whole lifespan, which extends far beyond only the automotive industry.
Hydrogen fuel cell safety regulations in WA, The Gas Standards Act 1972 (GSA) in Western Australia sets the standards and safety of gas installations and gas appliances., Gas appliances of a specific class or type are referred to as type A appliances. Type A gas appliances are specified in Regulation 42B of the Gas Standards (Gasfitting and Consumer Gas Installations) Regulations 1999. and According to the Gas Standards (Gasfitting and Consumer Gas Installations) Regulations 1999, a Type B gas appliance is one that is neither a Type A gas appliance nor a mobile engine but has a maximum hourly input rate of more than 10 megajoules.
Market Drivers
- The Growing Demand for Fuel Cell Electric Vehicles
- Strict Global Standards for Carbon Dioxide Emissions
- Growing Demand in The Automotive
- Reduced Dependency on Non-Conventional Energy Sources
Opportunities
- Rapid Increase of Hydrogen Recharging Stations.
- Potential In Emerging Economies
- New Product Launches And R&D Amongst Major Key Players
Restraints
- Mobile Hydrogen Fuel Cell Catalyst Is Very Expensive.
- High Transportation Cost
Challenges
- High Cost of Mobile Hydrogen Fuel Cell Vehicles
Key Target Audience
Mobile Hydrogen Fuel Cells Manufacturer, Mobile Hydrogen Fuel Cells Provider, Defense System, Government Bodies and Corporate Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.