Global Fuel Cell Market poised to grow beyond USD 6.62 billion by 2021
Infinium Global Research has undertaken a new report on Global Fuel Cell Market: Trends Analysis and Forecast 2021. The report presents analysis global as well as regional markets of Fuel Cells over the period of 2015 to 2021 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2016 to 2021.
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Fuel cells are electro-chemical devices that transform the chemical energy into heat and electricity by the oxidation of fuel (hydrogen, natural gas and methanol) contained in the fuel cell. The fuel cells usually comprises electrodes and electrolytes between which the oxidation reaction takes place. Electrolytes used in fuel cells are materials that contain many ions (atoms or molecules that have a net electrical charge), making it easy for an electric current to flow through them. Basic fuel cell components include electrodes, membranes, catalysts, polymers, and ceramics. These components are procured from the suppliers along with the components such as valves subsystem, membrane electrode assembly (MEA), which are then forwarded to the system integrators. Catalysts (platinum, nickel, and conductive ceramics) are used to speed up the reaction at the electrodes
North America was the largest market for fuel cells in term of installed capacity and unit shipment owing to the regulatory scenario in the region and advancements in technology. Asia Pacific was the second largest market in 2015. Japan is the major market in the Asia-Pacific region that deals in fuel cells followed by South Korea. Due to the large demand of CHP systems in Japan and other countries, the market for fuel cells is growing in Asia Pacific. In the coming years, markets in other countries such as China and India are also likely to increase as technological capabilities, and government support in these countries is expected to increase.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of Fuel Cells. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the Fuel Cells that will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
The companies covered in the report include AFC Energy, Aisin Seiki Co. Ltd., Ballard Power Systems Inc., Bloom Energy, Ceramic Fuel Cells Limited, Ceres Power Holdings PLC, Doosan Corporation, Fuelcell Energy, Hydrogenics Corporation, Kyocera, Panasonic Corporation, Plug Power Inc., and Toshiba Corporation.
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