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Published: Apr, 2014 | Pages:
75 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)
Grand View Research, Inc: Global Fuel Cell Market to Reach 664.5 MW by 2020
March 2014
Global fuel cell capacity is expected to reach 664.5 MW by 2020, growing at a CAGR of 22.6% from 2014 to 2020. Government support across various nations to develop hydrogen fuel station is expected to remain a major driving factor for the market over the next six years. In addition, favorable regulatory scenario owing to shift in focus towards developing renewable energy is also expected to boost the global fuel cell market over the forecast period. However, high switching cost and lack of infrastructure in developing countries are identified as major restraints to the market.
Further key findings from the study suggest:
Global fuel cell shipments were 50,050 units in 2013 and are expected to reach 790,450 units by 2020, growing at a CAGR of 49.1% from 2014 to 2020.
PEMFC emerged as the leading product segment in the overall market and accounted for 88.6% of total units shipped and 42.8% of total capacity in 2013. However, MCFC is expected to be the fastest growing product segment for fuel cell at an estimated CAGR of 56.6% from 2014 to 2020.
Portable applications dominated the global application market for fuel cells, accounting for 71.2% of total unit shipments in 2013. However, in terms of capacity, stationary applications emerged as the leading application market and accounted for 58.1% of total capacity installed in 2013.
North America emerged as the leading consumer for fuel cell in terms of installed capacity and accounted for 42.5% of total capacity in 2013. In terms of total unit shipments, Asia Pacific emerged as the leading consumer and accounted for 36.9% of total market in 2013. However, North America is expected to surpass Asia Pacific to become the largest market for fuel cell both in terms of unit shipments and capacity by 2020.
The global market is highly concentrated with top four participants catering to over 70% of global demand. The market is dominated by companies such as Fuel Cell Energy, Ballard, Clearedge and Toshiba. Some of other companies operating in the global market include, Panasonic, Plug Power Inc. and Hydrogenics Corporation.
For the purpose of this study, Grand View Research has segmented the global fuel cell market on the basis of product, application and region:
Fuel Cell Product Outlook (Unit Shipment; Revenue, USD Million; Capacity, MW; 2012-2020)
PEMFC
DMFC
PAFC
SOFC
MCFC
AFC
Others
Fuel Cell Application Outlook (Unit Shipment; Capacity, MW; 2012-2020)
Stationary
Portable
Transportation
Regional coverage of the database includes:
North America
Europe
Asia-Pacific
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Fuel Cell - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Fuel Cell Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Fuel Cell Value Chain Analysis 2.4 Fuel Cell Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Less Noise and Eco Friendly Characteristics 2.4.1.2 Higher efficiency than other power backup options 2.4.1.3 Regulatory Support 2.4.2 Market restraint analysis 2.4.2.1 Undeveloped hydrogen fuel infrastructure 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Fuel Cell - Company Market Share Analysis 2.8 Fuel Cell - PESTEL Analysis Chapter 3 Fuel Cell Product Outlook 3.1 PEMFC 3.1.1 Global PEMFC volume and installed capacity, 2012 - 2020 (Units) (MW) 3.2 DMFC 3.2.1 Global DMFC volume and installed capacity, 2012 - 2020 (Units) (MW) 3.3 PAFC 3.3.1 Global PAFC volume and installed capacity, 2012 - 2020 (Units) (MW) 3.4 SOFC 3.4.1 Global SOFC volume and installed capacity, 2012 - 2020 (Units) (MW) 3.5 MCFC 3.5.1 Global MCFC volume and installed capacity, 2012 - 2020 (Units) (MW) 3.6 AFC 3.6.1 Global AFC volume and installed capacity, 2012 - 2020 (Units) (MW) 3.7 Others 3.7.1 Global volume and installed capacity of other fuel cells, 2012 - 2020 (Units) (MW) Chapter 4 Fuel Cell Application Outlook 4.1 Portable fuel cell 4.1.1 Global Portable fuel cell volume and installed capacity, 2012 - 2020 (Units) (MW) 4.2 Stationary fuel cell 4.2.1 Global Stationary fuel cell volume and installed capacity, 2012 - 2020 (Units) (MW) 4.3 Transportation fuel cell 4.3.1 Global transportation fuel cell volume and installed capacity, 2012 - 2020 (Units) (MW) Chapter 5 Fuel Cell Regional Outlook 5.1 North America 5.1.1 Fuel cell market volume and installed capacity, 2012 - 2020, (Units) (MW) 5.1.2 Fuel cell market volume and installed capacity, by product, 2012 - 2020, (Units) (MW) 5.1.3 Fuel cell market volume and installed capacity, by application, 2012 - 2020, (Units) (MW) 5.2 Europe 5.2.1 Fuel cell market volume and installed capacity, 2012 - 2020, (Units) (MW) 5.2.2 Fuel cell market volume and installed capacity, by product, 2012 - 2020, (Units) (MW) 5.2.3 Fuel cell market volume and installed capacity, by application, 2012 - 2020, (Units) (MW) 5.3 Asia Pacific 5.3.1 Fuel cell market volume and installed capacity, 2012 - 2020, (Units) (MW) 5.3.2 Fuel cell market volume and installed capacity, by product, 2012 - 2020, (Units) (MW) 5.3.3 Fuel cell market volume and installed capacity, by application, 2012 - 2020, (Units) (MW) 5.4 RoW 5.4.1 Fuel cell market volume and installed capacity, 2012 - 2020, (Units) (MW) 5.4.2 Fuel cell market volume and installed capacity, by product, 2012 - 2020, (Units) (MW) 5.4.3 Fuel cell market volume and installed capacity, by application, 2012 - 2020, (Units) (MW) Chapter 6 Fuel Cell Competitive landscape 6.1 Fuel Cell Energy 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 Ballard 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 Clearedge 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 Toshiba 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 Panasonic 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 Plug Power Inc. 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7 Hydrogenics Corporation 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 SFC Energy AG 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Plug Power Inc 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 UTC Power 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives 6.11 Nedstack Fuel Cell Technologies 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives 6.12 Bloom Power 6.12.1 Company Overview 6.12.2 Financial Performance 6.12.3 Product Benchmarking 6.12.4 Strategic Initiatives Chapter 7 Methodology and Scope 7.1 Research Methodology 7.2 Research Scope & Assumption 7.3 List of Data Sources List of Tables
Global Fuel cell volume and installed capacity, 2012 - 2020 Global Fuel cell volume by region, (Units), 2012 - 2020 Global Fuel cell installed capacity by region, (MW), 2012 - 2020 Global Fuel cell volume by product, (Units), 2012 - 2020 Global Fuel cell installed capacity by product, (MW), 2012 - 2020 Global Fuel cell volume by application, (Units), 2012 - 2020 Global Fuel cell installed capacity by application, (MW), 2012 - 2020 Global PEMFC volume, 2012 - 2020 (Units) Global PEMFC installed capacity, 2012 - 2020 (MW) Global DMFC volume, 2012 - 2020 (Units) Global DMFC installed capacity, 2012 - 2020 (MW) Global PAFC volume, 2012 - 2020 (Units) Global PAFC installed capacity, 2012 - 2020 (MW) Global SOFC volume, 2012 - 2020 (Units) Global SOFC installed capacity, 2012 - 2020 (MW) Global MCFC volume, 2012 - 2020 (Units) Global MCFC installed capacity, 2012 - 2020 (MW) Global AFC volume, 2012 - 2020 (Units) Global AFC installed capacity, 2012 - 2020 (MW) North America Fuel cell volume by product, (Units), 2012 - 2020 North America Fuel cell installed capacity by product, (MW), 2012 - 2020 North America Fuel cell volume by application, (Units), 2012 - 2020 North America Fuel cell installed capacity by application, (MW), 2012 - 2020 Europe Fuel cell volume by product, (Units), 2012 - 2020 Europe Fuel cell installed capacity by product, (MW), 2012 - 2020 Europe Fuel cell volume by application, (Units), 2012 - 2020 Europe Fuel cell installed capacity by application, (MW), 2012 - 2020 Asia Pacific Fuel cell volume by product, (Units), 2012 - 2020 Asia Pacific Fuel cell installed capacity by product, (MW), 2012 - 2020 Asia Pacific Fuel cell volume by application, (Units), 2012 - 2020 Asia Pacific Fuel cell installed capacity by application, (MW), 2012 - 2020 RoW Fuel cell volume by product, (Units), 2012 - 2020 RoW Fuel cell installed capacity by product, (MW), 2012 - 2020 RoW Fuel cell volume by application, (Units), 2012 - 2020 RoW Fuel cell installed capacity by application, (MW), 2012 - 2020 List of Figures Fuel Cell industry summary & critical success factors (CSFs) Fuel Cell market segmentation Global Fuel Cell market (volume & installed capacity), 2012 - 2020 Global Fuel Cell volumes growth by region, (Units), 2012 - 2020 Global Fuel Cell volumes growth by product, (Units), 2012 - 2020 Global Fuel Cell volumes growth by application, (Units), 2012 - 2020 Fuel Cell market dynamics Fuel Cell company market share analysis, 2013 Key opportunities prioritized Industry analysis - Porter's Fuel Cell PESTEL analysis, 2013 Fuel Cell market volume share by product, 2013 & 2020 Global PEMFC volume and installed capacity, 2012 - 2020 Global DMFC volume and installed capacity, 2012 - 2020 Global PAFC volume and installed capacity, 2012 - 2020 Global SOFC volume and installed capacity, 2012 - 2020 Global MCFC volume and installed capacity, 2012 - 2020 Global AFC volume and installed capacity, 2012 - 2020 Global volume and installed capacity of other fuel cells, 2012 - 2020 Fuel Cell market volume share by application, 2013 & 2020 Global portable fuel cell volume and installed capacity, 2012 - 2020 Global stationary fuel cell volume and installed capacity, 2012 - 2020 Global transportation fuel cell volume and installed capacity, 2012 - 2020 Fuel Cell market volume share by region, 2013 & 2020 North America Fuel cell volume by product, (Units), 2012 - 2020 North America Fuel cell installed capacity by product, (MW), 2012 - 2020 North America Fuel cell volume by application, (Units), 2012 - 2020 North America Fuel cell installed capacity by application, (MW), 2012 - 2020 Europe Fuel cell volume by product, (Units), 2012 - 2020 Europe Fuel cell installed capacity by product, (MW), 2012 - 2020 Europe Fuel cell volume by application, (Units), 2012 - 2020 Europe Fuel cell installed capacity by application, (MW), 2012 - 2020 Asia Pacific Fuel cell volume by product, (Units), 2012 - 2020 Asia Pacific Fuel cell installed capacity by product, (MW), 2012 - 2020 Asia Pacific Fuel cell volume by application, (Units), 2012 - 2020 Asia Pacific Fuel cell installed capacity by application, (MW), 2012 - 2020 RoW Fuel cell volume by product, (Units), 2012 - 2020 RoW Fuel cell installed capacity by product, (MW), 2012 - 2020 RoW Fuel cell volume by application, (Units), 2012 - 2020 RoW Fuel cell installed capacity by application, (MW), 2012 - 2020
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