Military Fuel Cells Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (PEMFC (Proton Exchange Membrane), PAFC (Phosphoric acid fuel cell), SOFC (Solid Oxide Fuel Cells), MCFC (Molten Carbonate Fuel Cells), Others); System (Compressor, Heat Exchanger, Pumps, Controller, Others); Platform (Airborne, Ground) and Geography
Report Code: TIPRE00019765 No. of Pages: 150 Category: Aerospace and Defense Status: Upcoming
MARKET INTRODUCTION
A fuel cell is an electrochemical cell which converts the chemical energy of the fuel (often hydrogen) and the oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells differ from most batteries in that they require a continuous source of fuel and oxygen (usually from air) to sustain a chemical reaction, while chemical energy in the battery usually comes from metals and their ions or oxides, which are commonly present in the battery, except in flow batteries. Fuel cells have the potential to dramatically change the way the army carries out its missions and the way soldiers operate in the field. Fuel cells can operate close to body temperature, as opposed to batteries that give off significant heat, which also reduce their heat signature. Due to their scalability and power output capabilities, fuel cells have been demonstrated and tested for use in a wide range of military applications such as fuel cells can increase UAV air time to approximately 8 hours and can be refueled in less than 15 minutes after landing. More technological advancement in fuel cell will escalate the global market in coming years.
MARKET DYNAMICS
The need for more innovation in military in terms of weight and size of battery used in vehicles and significant investments in R&D activities pertaining to fuel cell technology is expected to escalate the demand of fuel cells, thereby driving the global military fuel cells market during forecast period. In addition, the various unique advantages of fuel cells such as energy efficient, easy to use, zero emissions, long lasting etc. are the another important factor expected to boost the global military fuel cells market. Further, growing military expenditure especially in developing countries is expected to escalate the market growth. However, high cost of catalysts used in fuel cells and lack of hydrogen delivery infrastructure may restrain the growth of the military fuel cells market. Further, more advancement in fuel cells such as development of clean energy-based distributed generation solutions and use of flexible fuel cells is anticipated to create market opportunities for the military fuel cells market during the forecast period.
MARKET SCOPE
The "Global Military fuel cells Market Analysis to 2027" is a specialized and in-depth study of the military fuel cells market with a special focus on the global market trend analysis. The report aims to provide an overview of military fuel cells market with detailed market segmentation by type, system, platform, and geography. The global military fuel cells market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military fuel cells market players and offers key trends and opportunities in the military fuel cells market.
MARKET SEGMENTATION
The global military fuel cells market is segmented on the basis of type, system, and platform. On the basis of type, market is segmented into the PEMFC (proton exchange membrane), PAFC (phosphoric acid fuel cell), SOFC (solid oxide fuel cells), MCFC (molten carbonate fuel cells), and others. Further, based on system, market is segmented into the compressor, heat exchanger, pumps, controller, and others. Based on platform, market is segmented into the airborne and ground.
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 military fuel cells market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military fuel cells 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 military fuel cells 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 porter's five forces analysis highlighting factors affecting the military fuel cells market in these regions.
The reports cover key developments in the military fuel cells 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 military fuel cells market are anticipated to lucrative growth opportunities in the future with the rising demand for military fuel cells. Below mentioned is the list of few companies engaged in the military fuel cells market.
The report also includes the profiles of key military fuel cells 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.
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.
A fuel cell is an electrochemical cell which converts the chemical energy of the fuel (often hydrogen) and the oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells differ from most batteries in that they require a continuous source of fuel and oxygen (usually from air) to sustain a chemical reaction, while chemical energy in the battery usually comes from metals and their ions or oxides, which are commonly present in the battery, except in flow batteries. Fuel cells have the potential to dramatically change the way the army carries out its missions and the way soldiers operate in the field. Fuel cells can operate close to body temperature, as opposed to batteries that give off significant heat, which also reduce their heat signature. Due to their scalability and power output capabilities, fuel cells have been demonstrated and tested for use in a wide range of military applications such as fuel cells can increase UAV air time to approximately 8 hours and can be refueled in less than 15 minutes after landing. More technological advancement in fuel cell will escalate the global market in coming years.
MARKET DYNAMICS
The need for more innovation in military in terms of weight and size of battery used in vehicles and significant investments in R&D activities pertaining to fuel cell technology is expected to escalate the demand of fuel cells, thereby driving the global military fuel cells market during forecast period. In addition, the various unique advantages of fuel cells such as energy efficient, easy to use, zero emissions, long lasting etc. are the another important factor expected to boost the global military fuel cells market. Further, growing military expenditure especially in developing countries is expected to escalate the market growth. However, high cost of catalysts used in fuel cells and lack of hydrogen delivery infrastructure may restrain the growth of the military fuel cells market. Further, more advancement in fuel cells such as development of clean energy-based distributed generation solutions and use of flexible fuel cells is anticipated to create market opportunities for the military fuel cells market during the forecast period.
MARKET SCOPE
The "Global Military fuel cells Market Analysis to 2027" is a specialized and in-depth study of the military fuel cells market with a special focus on the global market trend analysis. The report aims to provide an overview of military fuel cells market with detailed market segmentation by type, system, platform, and geography. The global military fuel cells market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military fuel cells market players and offers key trends and opportunities in the military fuel cells market.
MARKET SEGMENTATION
The global military fuel cells market is segmented on the basis of type, system, and platform. On the basis of type, market is segmented into the PEMFC (proton exchange membrane), PAFC (phosphoric acid fuel cell), SOFC (solid oxide fuel cells), MCFC (molten carbonate fuel cells), and others. Further, based on system, market is segmented into the compressor, heat exchanger, pumps, controller, and others. Based on platform, market is segmented into the airborne and ground.
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 military fuel cells market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military fuel cells 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 military fuel cells 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 porter's five forces analysis highlighting factors affecting the military fuel cells market in these regions.
The reports cover key developments in the military fuel cells 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 military fuel cells market are anticipated to lucrative growth opportunities in the future with the rising demand for military fuel cells. Below mentioned is the list of few companies engaged in the military fuel cells market.
The report also includes the profiles of key military fuel cells 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.
- AFC Energy PLC
- Ballard Power Systems Inc.
- Bloom Energy
- Cummins Inc.
- Doosan Fuel Cell Co., Ltd.
- Horizon Fuel Cell Technologies
- Mitsubishi Power, Ltd.
- PLUG POWER INC.
- SFC Energy AG
- UltraCell LLC (Advent Technologies)
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.