Hydrogen Fuel Cell Stacks Market Size, Trends, Shares, and Forecast - 2031

MARKET INTRODUCTION  

The fuel cell stack is the heart of the fuel cell power system. It produces electricity in the form of direct current (DC) from the electrochemical reactions that occur in fuel cells. A single fuel cell produces less than 1V, which is not sufficient for most applications. Therefore, individual fuel cells are usually combined in series to form a fuel cell stack. A typical fuel cell stack can consist of hundreds of fuel cells. The amount of energy produced by a fuel cell depends on several factors, including fuel cell type, cell size, operating temperature, and pressure of gas supplied to the cell.

MARKET DYNAMICS

Political leaders from around the world have come together to reduce their carbon emissions and sign the Paris Agreement, helping green and renewable technologies take hold in the market. Fuel cells, as zero-emission solutions for power generation, meet the green and renewable technology category and are growing for CO2 emission standards. In addition, the German H2 Mobility program will support the introduction of fuel cell vehicles through the development of gas stations, expanding the possibilities of fuel cell use. In addition, a European project, Hydrogen for Innovative Vehicles (HyFIVE), aims to expand the hydrogen fuel cell network and develop stations in Italy, the United Kingdom, Austria and Denmark.

MARKET SCOPE    

The "Global Hydrogen Fuel Cell Stacks Market Analysis to 2031" is a specialized and in-depth study of the hydrogen fuel cell stacks market with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrogen fuel cell stacks market with detailed market segmentation by application and geography. The global hydrogen fuel cell stacks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydrogen fuel cell stacks market players and offers key trends and opportunities in the hydrogen fuel cell stacks market.

MARKET SEGMENTATION

The global hydrogen fuel cell stacks market is segmented based on application. Based on its application, hydrogen fuel cell stacks market can be segmented into transport, portable and stationary.

IMPACT OF COVID-19 ON HYDROGEN FUEL CELL STACKS MARKET

The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Hydrogen Fuel Cell Stacks Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Hydrogen Fuel Cell Stacks Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Hydrogen Fuel Cell Stacks Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the hydrogen fuel cell stacks market in these regions.
 

MARKET PLAYERS

The reports cover key developments in the hydrogen fuel cell stacks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from hydrogen fuel cell stacks market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrogen fuel cell stacks market. Below mentioned is the list of few companies engaged in the hydrogen fuel cell stacks market. 
The report also includes the profiles of key hydrogen fuel cell stacks market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Advent Technologies Holdings Inc.
• Ballard Power Systems Inc.
• Cummins Inc.
• Freudenberg FST GmbH
• Horizon Fuel Cell Technologies Pte. Ltd.
• Nuvera Fuel Cells LLC
• Plug Power Inc.
• PowerCell Sweden AB
• Proton Power Systems plc
• Xinyuan Power Co. Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
 

Hydrogen Fuel Cell Stacks Report Scope