What is Defense Fuel Cells?
A defense fuel cells is a device that produces electricity via an electrochemical reaction rather than combustion. Hydrogen and oxygen are combined in a defense fuel cell to generate electricity, heat, and water. Defense Fuel cells are used in a variety of applications, including providing power to homes and businesses, maintaining critical facilities such as hospitals, grocery stores, and data centers, and moving a variety of vehicles such as cars, buses, trucks, forklifts, trains, and others. Defense Fuel cells function similarly to batteries, but they do not need to be recharged. It generates electricity and heat as long as fuel is available. A fuel cell is made up of two electrodes, one negative (or anode) and one positive (or cathode), sandwiched around an electrolyte. The anode receives a fuel, such as hydrogen, while the cathode receives air. A catalyst at the anode of a hydrogen fuel cell separates hydrogen molecules into protons and electrons, which travel in opposite directions to the cathode. Electrons flow through an external circuit, causing electricity to flow. Protons move through the electrolyte to the cathode, where they combine with oxygen and electrons to form water and heat.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Protonex (Morocco), UltraCell (United States), Neah Power System (United States), SFC Energy (Germany), Ballard Power Systems (Canada), Plug Power (United States), Bloom Energy (United States), Nuvera Fuel Cells (United States), Aisin Seiki Co. Ltd (Japan) and Altergy Systems (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Solid Oxide Fuel Cell, Proton Exchange Membrane Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cell and Others) , by application (Portable, Stationary, Transport (Military Vehicles, Commercial Aircrafts, Rotorcrafts, and Others)) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Defense Fuel Cells market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Defense Fuel Cells market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Protonex (Morocco), UltraCell (United States), Neah Power System (United States), SFC Energy (Germany), Ballard Power Systems (Canada), Plug Power (United States), Bloom Energy (United States), Nuvera Fuel Cells (United States), Aisin Seiki Co. Ltd (Japan) and Altergy Systems (United States).
Market Overview:
On 15th October 2020, Honeywell has acquired assets from privately held Ballard Unmanned Systems, a wholly owned subsidiary of Southborough, Massachusetts-based Ballard Power Systems Inc. Ballard Unmanned Systems designs and manufactures industry-leading stored-hydrogen proton exchange membrane fuel cell systems that power unmanned aerial systems (UAS), particularly those used for energy inspection, cargo delivery, and other commercial and defense applications where demand for UAS services is increasing.
There are no specific laws or regulations governing the use of hydrogen fuel cells. Despite the fact that hydrogen is the lightest gas in the universe and has several advantages over other fuels, it is classified as a highly flammable material by law, and thus permits are required for its storage, keeping, import, and transportation. Furthermore, regulations governing how it should be handled, such as how it should be dispensed, transported, imported, and stored, are relatively generic, according to the Fire Safety (Petroleum and Flammable Materials) Regulations. These regulations are similar to those currently in place for the handling of petroleum, though the Singapore Civil Defense Force (the Singaporean authority in charge of regulating the import, transport, and storage of petroleum and flammable materials) specifies detailed fire safety requirements for petroleum service stations.
The global defense fuel cells market is fairly fragmented, with large and medium-sized businesses accounting for the vast majority of market revenue. Major players are implementing a variety of strategies, including mergers and acquisitions, strategic agreements and contracts, and the development, testing, and introduction of more effective defense full cell solutions.
Market Trend
Emerging New Technology Market
Restraints
- High Cost of Catalyst Used In Fuel Cells
Opportunities
Increasing Efforts to Augment Hydrogen Refueling Stations, High Demand in Fuel Cell Vehicles Market, Growing Awareness of Zero Emission Energy Sources and Shifting Focus towards Renewable Energy with Growing Demand of Fuel Cell Vehicles
Key highlights of the Global Defense Fuel Cells market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Defense Fuel Cells market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Defense Fuel Cells market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Defense Fuel Cells Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Defense Fuel Cells market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Defense Fuel Cells market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Defense Fuel Cells Suppliers & Distributors, Regulating Authorities and Policymakers, Private Research Organization, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.