Fuel Cell Market Scope
A fuel cell is a device that generates electricity by a chemical reaction. Every fuel cell has two electrodes, the positive one is called anode and the negative is the cathode. The reactions that produce electricity take place at the electrodes. Every fuel cell also has an electrolyte, which carries electrically charged particles from one electrode to the other, and a catalyst, which speeds the reactions at the electrodes. Hydrogen is the basic fuel, but fuel cells also require oxygen. One great appeal of fuel cells is that they generate electricity with very little pollution. Since, hydrogen and oxygen used in generating electricity ultimately combine to form a harmless byproduct, namely water.
According to AMA, the Global Fuel Cell market is expected to see growth rate of 18.12% Research Analyst at AMA estimates that North America Manufacturers will contribute to the maximum growth of Global Fuel Cell market throughout the predicted period.
Ballard Power System, Inc.(Canada), Ceramic Fuel Cells Limited (Australia), FuelCell Energy, Inc. (United States), Hydrogenics Corporation (Canada), AFC Energy PLC (United Kingdom), Bloom Energy (United States), Ceres Power Holdings PLC (United Kingdom), Doosan Corporation (South Korea), Plug Power Inc. (United States) and POSCO Energy Co.Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Horizon Fuel Cell Technologies Pte. Ltd.(Singapore), Quantum Fuel Systems Technologies Worldwide Inc.(United States), Panasonic Corporation (Japan) and Toshiba Energy Systems and Solution Corp. (Japan)..
Segmentation Overview
The study have segmented the market of Global Fuel Cell market by Type (Polymer Electrolyte Membrane Fuel Cells (PEMFC), Phosphoric acid fuel cell (PAFC), Solid Oxide Fuel Cells (SOFC), Molten-carbonate fuel cells (MCFC) and Others), by Application (Transport, Stationary and Portable) and Region with country level break-up.
On the basis of geography, the market of Fuel Cell 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).
Influencing Trend:
Use of Hydrocarbon Fuel Cells instead of Pure Hydrogen-Oxygen Fuel Cells Introduction to Commercial Fuel Cell Vehicles
Market Growth Drivers:
Stringent Government Rules and Regulations to Prohibit Pollution, Increase in demand for Fuel Cell Contained Vehicles and Comparatively greater efficiency of Fuel Cell than Conventional Cells and other power generators
Challenges:
Reduction of the Overall Operating Cost and Increased Need for Operating Efficiency and Meeting Regulatory Demands at the same time
Restraints:
Lack of Hydrogen Occurrence and Expensive to Produce Due to the High Cost of Catalysts (Platinum) and Comparatively Expensive Energy Generation
Opportunities:
Growing Hydrogen Infrastructure in Developed Countries, Adoption of Fuel Cells in Various Applications for Energy Generation and Increasing Stationary Hydrogen Power Plants
Key Target Audience
Fuel Cell Manufacturers, Fuel Cell Distributors and Traders, Fuel Cell Upstream and Downstream Buyers, Private Industry Associations, Government Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.