In terms of revenue, the fuel cell market was valued at US$ 709.00 million in 2019 and is projected to reach US$ 4,570.68 million by 2027; it is expected to grow at a CAGR of 26.8% from 2020 to 2027.
The fuel cell market is broadly segmented into five major regions North America, Europe, APAC, MEA, and SAM. In terms of market share, the APACregion dominated the fuel cell market in 2019.The Asian countries are witnessing huge steps by the auto makers that is contributing toward fuel cell. Yamaha, Toyota, Tata Motors, are some of the companies taking steps for encouraging fuel cell. For instance, Toyota has deployed their SimpleFuelTMrefueling station in Motomachi Plant in Toyota City. Similarly, Railway Technology Institute of Japan has created a hybrid train with a 540 kW Li-ion battery and two 90 kW fuel cells. Such initiatives from companies play a major role in propelling the market growth.
Impact of COVID-19 Pandemic on Fuel Cell Market
The COVID-19 outbreak has been affecting every business globally since December 2019. The rapid spread of the virus has urged governments across the world to impose strict restrictions on the movement of humans and vehicles. Earlier, in the first quarter, the global automotive industry was suffering serious disruptions due to supply chain breaks, technology events cancellations, and factory and office shutdowns, as a result of COVID-19 outbreak. The automotive industry is facing the biggest existential crisis, with 97% of the light vehicle manufacturing plants in North America and Europe are temporarily shut down. In addition to this, the global travel bans imposed by countries in Europe, Asia,North America, and others are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to negatively affect the automotive industry and hamper the market growth in the coming 6–9 months; however, the overall growth is anticipated to be positive during the forecast period.
Lucrative Regional Fuel Cell Market
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Market Insights–Fuel Cell Market
Growing Need to Lower Dependency on Oil and Fuel
Over the recent years, there has been a global augmentation in the demand of fuel cell technology. Conventional petroleum and fuels have incrementally created severe ecological concerns owing to excessive emissions of CO, CO2, NOx, and SOx. Fuel cells serve as an alternative energy source to the conventional energy source, and thereby reduce the dependency on oil, diesel, and other sources. Therefore, the transport segment is anticipated to witness a high growth rate of fuel cells owing to the increasing demand for eco-friendly vehicles across the world and need to lower impact of harmful gases released in the environment.
Type SegmentInsights
Based on type, the fuel cell market is dominated by the proton exchange membrane fuel cell segment.These fuel cells are majorly used for transport applications, portable fuel-cell applications, and stationary fuel-cell applications. In addition, it is also used for mobile applications. Companiessuch as Horizon Fuel Cellare focused on developing larger fuel cell systems.
Fuel Cell Market, by Application(% share)
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Application SegmentInsights
Based on application, the fuel cell market is dominated by the stationary segment. Solid oxide fuel cells are heavily adopted for stationary purpose. Companies such as Bosch and Ceres are collaborating for the development of fuel cell stacks for stationary power applications. Such contractual alliances will promote the market growth.
End User Segment Insights
Based on end user, the fuel cell market is dominated by the utilities segment. Fuel cells have huge potential of generating power, thereby ensuring further reduction of carbon footprints. As a vital environmental solution, hydrogen fuel cells can be used as one of the major resources for power generation across the world.
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Fuel Cell Market: Strategic Insights
Market Size Value in US$ 709.00 Million in 2019 Market Size Value by US$ 4,570.68 Million by 2027 Growth rate CAGR of 26.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Fuel Cell Market: Strategic Insights
| Market Size Value in | US$ 709.00 Million in 2019 |
| Market Size Value by | US$ 4,570.68 Million by 2027 |
| Growth rate | CAGR of 26.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2020, Doosan Fuel Cell signed and Kyonggi University with a motive to provide students of university with job training and internship to ensure they have proper knowledge, workplace skills, and equipment to analyze fuel cell materials and components.
- In 2020, The Horizon’s deployment of JMC trucks is going to be an easy largest fuel cell heavy duty truck fleet globally and an important step toward clean mobility for heavy vehicles.
- In 2019, In the Gyeonggi province of South Korea, two new fuel cell-based electricity generation plants have been powered on. The new installations utilize the solid-oxide fuel cells of Bloom Energy.
The global fuel cell market has been segmented as follows:
Fuel Cell Market– By Type
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Phosphoric Acid Fuel Cell (PAFC)
- Solid Oxide Fuel Cell (SOFC)
- Others
Fuel Cell Market– ByApplication
- Transport
- Portable
- Stationary
Fuel Cell Market – ByEnd User
- Fuel Cell Vehicles
- Passenger Car
- Commercial Vehicle
- Class 1
- Class 2
- Class 3
- Class 4
- Class 5
- Class 6
- Class 7
- Utilities
- Defense
- Others
Fuel Cell Market- By Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
RoW (MEA)
- MEA
- SAM
Fuel Cell Market –Companies Profiles
- Hydrogenics Corp.
- FuelCell Energy, Inc.
- Plug Power Inc.
- Bloom Energy
- Ballard Power Systems
- SFC Energy AG
- Intelligent Energy Limited
- Doosan Fuel Cell Co., Ltd.
- TW Horizon Fuel Cell Technologies
- Toshiba Energy Systems & Solutions Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application ; and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Canada, China, France, Germany, India, Italy, Japan, MEA, Mexico, Russian Federation, SAM, South Korea, United Kingdom, United States
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fuel Cell Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 RoW
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Fuel Cell Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Need to Diminish the Reliance on Oil And Fuel
5.1.2 Increasing Government Support
5.2 Market Restraint
5.2.1 High Raw Class Cost
5.3 Market Opportunity
5.3.1 Rising Growth Potential for EVs
5.4 Market Trend
5.4.1 Advanced Technological Developments
5.5 Impact Analysis of Drivers and Restraints
6. Fuel Cell – Global Market Analysis
6.1 Fuel Cell Market Global Overview
6.2 Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Fuel Cell Market Analysis – By Type
7.1 Overview
7.2 Fuel Cell Market, By Type (2019 and 2027)
7.3 Proton Exchange Membrane Fuel Cell
7.3.1 Overview
7.3.2 Proton Exchange Membrane Fuel Cell: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Phosphoric Acid Fuel Cell
7.4.1 Overview
7.4.2 Phosphoric Acid Fuel Cell: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Solid Oxide Fuel Cell
7.5.1 Overview
7.5.2 Solid Oxide Fuel Cell: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
8. Fuel Cell Market – By Application
8.1 Overview
8.2 Fuel Cell Market, by Application (2019 and 2027)
8.3 Transport
8.3.1 Overview
8.3.2 Transport: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Portable
8.4.1 Overview
8.4.2 Portable: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Stationary
8.5.1 Overview
8.5.2 Stationary: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9. Fuel Cell Market Analysis – By End User
9.1 Overview
9.2 Fuel Cell Market, By End User (2019 and 2027)
9.3 Fuel Cell Vehicles
9.3.1 Overview
9.3.2 Fuel Cell Vehicles: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.1 Passenger Car Overview
9.3.2.1.1 Passenger Car: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.1.2 Passenger Car: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.3.2.2 Commercial Vehicle Overview
9.3.2.3 Commercial Vehicle: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4 Commercial Vehicle: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.1 Class 1
9.3.2.4.1.1 Class 1: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.1.2 Class 1: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.2 Class 2
9.3.2.4.2.1 Class 2: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.2.2 Class 2: Fuel Cell Market –Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.3 Class 3
9.3.2.4.3.1 Class 3: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.3.2 Class 3: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.4 Class 4
9.3.2.4.4.1 Class 4: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.4.2 Class 4: Fuel Cell Market –Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.5 Class 5
9.3.2.4.5.1 Class 5: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.5.2 Class 5: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.6 Class 6
9.3.2.4.6.1 Class 6: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.6.2 Class 6: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.3.2.4.7 Class 7
9.3.2.4.7.1 Class 7: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2.4.7.2 Class 7: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
9.4 Utilities
9.4.1 Overview
9.4.2 Utilities: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Defense
9.5.1 Overview
9.5.2 Defense: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10. Fuel Cell Market – Geographic Analysis
10.1 Overview
10.2 North America: Fuel Cell Market
10.2.1 North America: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Fuel Cell Market, by Type
10.2.3 North America: Fuel Cell Market, by End User
10.2.3.1 North America: Fuel Cell Market, By Vehicle Type
10.2.3.2 North America: Fuel Cell Market, By Vehicle Type
10.2.3.3 North America: Fuel Cell Market, By Class
10.2.4 North America Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.2.5 North America: Fuel Cell Market, by Application
10.2.6 North America: Fuel Cell Market, by Key Country
10.2.6.1 US: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.2.6.1.1 US: Fuel Cell Market, by Type
10.2.6.1.2 US: Fuel Cell Market, by End User
10.2.6.1.2.1 US: Fuel Cell Market, By Vehicle Type
10.2.6.1.2.2 US: Fuel Cell Market, By Vehicle Type
10.2.6.1.2.3 US: Fuel Cell Market, by Class
10.2.6.1.2.4 United States Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.2.6.1.3 US: Fuel Cell Market, by Application
10.2.6.2 Canada: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.2.6.2.1 Canada: Fuel Cell Market, by Type
10.2.6.2.2 Canada: Fuel Cell Market, by End User
10.2.6.2.2.1 Canada: Fuel Cell Market, By Vehicle Type
10.2.6.2.2.2 Canada: Fuel Cell Market, By Vehicle Type
10.2.6.2.2.3 Canada: Fuel Cell Market, By Class
10.2.6.2.2.4 Canada Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.2.6.2.3 Canada: Fuel Cell Market, by Application
10.2.6.3 Mexico: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.2.6.3.1 Mexico: Fuel Cell Market, by Type
10.2.6.3.2 Mexico: Fuel Cell Market, by End User
10.2.6.3.2.1 Mexico: Fuel Cell Market, By Vehicle Type
10.2.6.3.2.2 Mexico: Fuel Cell Market, By Vehicle Type
10.2.6.3.2.3 Mexico: Fuel Cell Market, By Class
10.2.6.3.2.4 Mexico Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.2.6.3.2.5 Mexico: Fuel Cell Market, by Class
10.2.6.3.3 Mexico: Fuel Cell Market, by Application
10.3 Europe: Fuel Cell Market
10.3.1 Europe: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Fuel Cell Market, By Type
10.3.3 Europe: Fuel Cell Market, By End User
10.3.3.1 Europe: Fuel Cell Market, By Vehicle Type
10.3.3.1.1 Europe: Fuel Cell Market, By Vehicle Type
10.3.3.1.2 Europe Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.4 Europe: Fuel Cell Market, By Application
10.3.5 Europe: Fuel Cell Market, By Country
10.3.5.1 Germany: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Fuel Cell Market, by Type
10.3.5.1.2 Germany: Fuel Cell Market, by End User
10.3.5.1.2.1 Germany: Fuel Cell Market, By Vehicle Type
10.3.5.1.2.2 Germany: Fuel Cell Market, By Vehicle Type
10.3.5.1.2.3 Germany: Fuel Cell Market, by Class
10.3.5.1.2.4 Germany Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.5.1.3 Germany: Fuel Cell Market, by Application
10.3.5.2 France: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Fuel Cell Market, by Type
10.3.5.2.2 France: Fuel Cell Market, by End User
10.3.5.2.2.1 France: Fuel Cell Market, By Vehicle Type
10.3.5.2.2.2 France: Fuel Cell Market, by Class
10.3.5.2.2.3 France Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.5.2.3 France: Fuel Cell Market, by Application
10.3.5.3 Russia: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Russia: Fuel Cell Market, by Type
10.3.5.3.2 Russia: Fuel Cell Market, by End User
10.3.5.3.2.1 Russia Fuel Cell Market, By Vehicle Type
10.3.5.3.2.2 Russia Fuel Cell Market, By Vehicle Type
10.3.5.3.2.3 Russia: Fuel Cell Market, by Class
10.3.5.3.2.4 Russia Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.5.3.3 Russia: Fuel Cell Market, by Application
10.3.5.4 UK: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Fuel Cell Market, by Type
10.3.5.4.2 UK: Fuel Cell Market, by End User
10.3.5.4.2.1 UK: Fuel Cell Market, by Vehicle Type
10.3.5.4.2.2 UK: Fuel Cell Market, by Vehicle Type
10.3.5.4.2.3 UK: Fuel Cell Market, by Class
10.3.5.4.2.4 United Kingdom Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.5.4.3 UK: Fuel Cell Market, by Application
10.3.5.5 Italy: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Italy: Fuel Cell Market, by Type
10.3.5.5.2 Italy: Fuel Cell Market, by End User
10.3.5.5.2.1 Italy: Fuel Cell Market, By Vehicle Type
10.3.5.5.2.2 Italy: Fuel Cell Market, By Vehicle Type
10.3.5.5.2.3 Italy: Fuel Cell Market, by Class
10.3.5.5.2.4 Italy Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.5.5.3 Italy: Fuel Cell Market, by Application
10.3.5.6 Rest of Europe: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Fuel Cell Market, by Type
10.3.5.6.1.1 Rest of Europe: Fuel Cell Market, by End User
10.3.5.6.1.2 Rest of Europe Fuel Cell Market, By Vehicle Type
10.3.5.6.1.3 Rest of Europe Fuel Cell Market, By Vehicle Type
10.3.5.6.1.4 Rest of Europe: Fuel Cell Market, by Class
10.3.5.6.1.5 Rest of Europe Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.3.5.6.2 Rest of Europe: Fuel Cell Market, by Application
10.4 APAC: Fuel Cell Market
10.4.1 APAC: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Fuel Cell Market, By Type
10.4.3 APAC: Fuel Cell Market, By End User
10.4.3.1 APAC: Fuel Cell Market, By Vehicle Type
10.4.3.2 APAC: Fuel Cell Market, By Vehicle Type
10.4.3.3 Asia-Pacific Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.4 APAC: Fuel Cell Market, By Application
10.4.5 APAC: Fuel Cell Market, By Country
10.4.5.1 Australia: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 Australia: Fuel Cell Market, by Type
10.4.5.1.2 Australia: Fuel Cell Market, by End User
10.4.5.1.2.1 Australia: Fuel Cell Market, By Vehicle Type
10.4.5.1.2.2 Australia: Fuel Cell Market, By Vehicle Type
10.4.5.1.2.3 Australia: Fuel Cell Market, by Class
10.4.5.1.2.4 Australia Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.5.1.3 Australia: Fuel Cell Market, by Application
10.4.5.2 China: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 China: Fuel Cell Market, by Type
10.4.5.2.2 China: Fuel Cell Market, by End User
10.4.5.2.2.1 China: Fuel Cell Market, By Vehicle Type
10.4.5.2.2.2 China: Fuel Cell Market, By Vehicle Type
10.4.5.2.2.3 China: Fuel Cell Market, by Class
10.4.5.2.2.4 China Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.5.2.3 China: Fuel Cell Market, by Application
10.4.5.3 India: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Fuel Cell Market, by Type
10.4.5.3.2 India: Fuel Cell Market, by End User
10.4.5.3.2.1 India: Fuel Cell Market, By Vehicle Type
10.4.5.3.2.2 India: Fuel Cell Market, By Vehicle Type
10.4.5.3.2.3 India: Fuel Cell Market, by Class
10.4.5.3.2.4 India Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.5.3.3 India: Fuel Cell Market, by Application
10.4.5.4 Japan: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 Japan: Fuel Cell Market, by Type
10.4.5.4.1.1 Japan: Fuel Cell Market, by End User
10.4.5.4.1.2 Japan: Fuel Cell Market, By Vehicle Type
10.4.5.4.1.3 Japan: Fuel Cell Market, By Vehicle Type
10.4.5.4.1.4 Japan: Fuel Cell Market, by Class
10.4.5.4.1.5 Japan Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.5.4.2 Japan: Fuel Cell Market, by Application
10.4.5.5 South Korea: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Fuel Cell Market, by Type
10.4.5.5.1.1 South Korea: Fuel Cell Market, by End User
10.4.5.5.1.2 South Korea: Fuel Cell Market, By Vehicle Type
10.4.5.5.1.3 South Korea: Fuel Cell Market, By Vehicle Type
10.4.5.5.1.4 South Korea: Fuel Cell Market, by Class
10.4.5.5.1.5 South Korea Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.5.5.2 South Korea: Fuel Cell Market, by Application
10.4.5.6 Rest of APAC: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Fuel Cell Market, by Type
10.4.5.6.2 Rest of APAC: Fuel Cell Market, by End User
10.4.5.6.2.1 Rest of APAC: Fuel Cell Market, By Vehicle Type
10.4.5.6.2.2 Rest of APAC: Fuel Cell Market, By Vehicle Type
10.4.5.6.2.3 Rest of Asia-Pacific Fuel Cell Market, by Class – Volume and Forecast to 2027 (‘000 units)
10.4.5.6.3 Rest of APAC: Fuel Cell Market, by Application
10.5 RoW: Fuel Cell Market
10.5.1 RoW: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.5.2 RoW: Fuel Cell Market, by Type
10.5.3 RoW: Fuel Cell Market, by End User
10.5.3.1 RoW: Fuel Cell Market, By Vehicle Type
10.5.3.2 RoW: Fuel Cell Market, By Vehicle Type
10.5.3.3 RoW Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
10.5.4 RoW: Fuel Cell Market, by Application
10.5.5 RoW: Fuel Cell Market, by Key Country
10.5.5.1 MEA: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 MEA: Fuel Cell Market, by Type
10.5.5.1.1.1 MEA: Fuel Cell Market, by End User
10.5.5.1.1.2 MEA: Fuel Cell Market, By Vehicle Type
10.5.5.1.1.3 MEA: Fuel Cell Market, By Vehicle Type
10.5.5.1.1.4 MEA: Fuel Cell Market, by Class
10.5.5.1.1.5 MEA Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
10.5.5.1.2 MEA: Fuel Cell Market, by Application
10.5.5.2 SAM: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 SAM: Fuel Cell Market, by Type
10.5.5.2.1.1 SAM: Fuel Cell Market, by End User
10.5.5.2.1.2 SAM: Fuel Cell Market, By Vehicle Type
10.5.5.2.1.3 SAM: Fuel Cell Market, By Vehicle Type
10.5.5.2.1.4 SAM: Fuel Cell Market, by Class
10.5.5.2.1.5 SAM Fuel Cell Market, by Class– Volume and Forecast to 2027 ( ‘000 units)
10.5.5.2.2 SAM: Fuel Cell Market, by Application
11. Impact of COVID-19 Outbreak
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Hydrogenics Corp.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 FuelCell Energy, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Plug Power Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Bloom Energy
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Ballard Power Systems
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SFC Energy AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Intelligent Energy Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Doosan Fuel Cell Co., Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TW Horizon Fuel Cell Technologies
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Toshiba Energy Systems & Solutions Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 6. North America: Fuel Cell Market, By Class – Revenue and Forecast to 2027 (US$ Million)
Table 7. North America Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 8. North America: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Fuel Cell Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. US: Fuel Cell Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 11. US: Fuel Cell Market, By Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. US: Fuel Cell Market, By Vehicle Type –Volume and Forecast to 2027 (‘000 Units)
Table 13. US: Fuel Cell Market, by Class –Revenue and Forecast to 2027 (US$ Million)
Table 14. United States Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 15. US: Fuel Cell Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 16. Canada: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Canada: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 18. Canada: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Canada: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 20. Canada: Fuel Cell Market, By Class – Revenue and Forecast to 2027 (US$ Million)
Table 21. Canada Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 22. Canada: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 23. Mexico: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. Mexico: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 25. Mexico: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 26. Mexico: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 27. Mexico: Fuel Cell Market, By Class – Revenue and Forecast to 2027 (US$ Million)
Table 28. Mexico Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 29. Mexico: Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 30. Mexico: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 31. Europe Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 32. Europe Fuel Cell Market, By End User– Revenue and Forecast to 2027 (US$ Million)
Table 33. Europe Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 34. Europe: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 35. Europe Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 36. Europe Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 37. Europe Fuel Cell Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 38. Germany Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. Germany Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 40. Germany Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 41. Germany Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (Thousand Units)
Table 42. Germany Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 43. Germany Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 44. Germany Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 45. France Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 46. France Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 47. France Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (‘000 Units)
Table 48. France Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 49. France Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 50. France Fuel Cell Market, By Application – Revenue and Forecast to 2027(US$ Million)
Table 51. Russia Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 52. Russia Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 53. Russia Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. Russia Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 55. Russia Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 56. Russia Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 57. Russia Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 58. UK Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 59. UK Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 60. UK Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 61. UK Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 62. UK Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 63. United Kingdom Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 64. UK Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 65. Italy Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 66. Italy Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 67. Italy Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 68. Italy Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 69. Italy Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 70. Italy Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 71. Italy Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of Europe Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of Europe Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 74. Rest of Europe Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 75. Rest of Europe Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 76. Rest of Europe Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 77. Rest of Europe Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 78. Rest of Europe Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 79. APAC: Fuel Cell Market, by Type – Revenue and Forecast to 2027(US$ Million)
Table 80. APAC: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 81. APAC: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 82. APAC: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 83. APAC: Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 84. Asia-Pacific Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 85. APAC: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 86. Australia: Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 87. Australia: Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 88. Australia: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 89. Australia: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 90. Australia: Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 91. Australia Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 92. Australia: Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 93. China: Fuel Cell Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 94. China: Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 95. China: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 96. China: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000)
Table 97. China: Fuel Cell Market, by Classs – Revenue and Forecast to 2027 (US$ Million)
Table 98. China Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 99. China: Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 100. India: Fuel Cell Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 101. India: Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 102. India: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 103. India: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 104. India: Fuel Cell Market, by Classs – Revenue and Forecast to 2027 (US$ Million)
Table 105. India Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 106. India: Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 107. Japan: Fuel Cell Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 108. Japan: Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 109. Japan: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 110. Japan: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 111. Japan: Fuel Cell Market, by Classs – Revenue and Forecast to 2027 (US$ Million)
Table 112. Japan Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 113. Japan: Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 114. South Korea: Fuel Cell Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 115. South Korea: Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 116. South Korea: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 117. South Korea: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 118. South Korea: Fuel Cell Market, by Class– Revenue and Forecast to 2027 (US$ Million)
Table 119. South Korea Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 120. South Korea: Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 121. Rest of APAC: Fuel Cell Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 122. Rest of APAC: Fuel Cell Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 123. Rest of APAC: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 124. Rest of APAC: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 125. Rest of APAC: Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 126. Rest of Asia-Pacific Fuel Cell Market, by Class – Volume and Forecast to 2027 ( ‘000 units)
Table 127. Rest of APAC: Fuel Cell Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 128. RoW: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 129. RoW: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 130. RoW: Fuel Cell Market, By Vehicle Type– Revenue and Forecast to 2027 (US$ Million)
Table 131. RoW: Fuel Cell Market, By Vehicle Type– Volume and Forecast to 2027 (‘000 Units)
Table 132. RoW: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 133. RoW Fuel Cell Market, by Class– Volume and Forecast to 2027 ( ‘000 units)
Table 134. RoW: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 135. MEA: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 136. MEA: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 137. MEA: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 138. MEA: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 139. MEA: Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 140. MEA Fuel Cell Market, by Class– Volume and Forecast to 2027 ( ‘000 units)
Table 141. MEA: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 142. SAM: Fuel Cell Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 143. SAM: Fuel Cell Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 144. SAM: Fuel Cell Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 145. SAM: Fuel Cell Market, By Vehicle Type – Volume and Forecast to 2027 (‘000 Units)
Table 146. SAM: Fuel Cell Market, by Class – Revenue and Forecast to 2027 (US$ Million)
Table 147. SAM Fuel Cell Market, by Class– Volume and Forecast to 2027 ( ‘000 units)
Table 148. SAM: Fuel Cell Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 149. List of Abbreviation
LIST OF FIGURES
Figure 1. Fuel Cell Market Segmentation
Figure 2. Fuel Cell Market Segmentation – By Geography
Figure 3. Global Fuel Cell Market Overview
Figure 4. Fuel Cell Market, by Type
Figure 5. Fuel Cell Market, By Application
Figure 6. Fuel Cell Market, By End User
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. RoW: PEST Analysis
Figure 11. Expert Opinion
Figure 12. Ecosystem Analysis
Figure 13. Fuel Cell Market Impact Analysis of Drivers and Restraint
Figure 14. Geographic Overview of Fuel Cell Market
Figure 15. Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Fuel Cell Market Revenue Share, by Type (2019 and 2027)
Figure 17. Proton Exchange Membrane Fuel Cell: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Phosphoric Acid Fuel Cell: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Solid Oxide Fuel Cell: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Others: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Fuel Cell Market Revenue Share, by Application (2019 and 2027)
Figure 22. Transport: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Portable: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Stationary: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Fuel Cell Market Revenue Share, by End User(2019 and 2027)
Figure 26. Fuel Cell Vehicles: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Passenger Car: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Passenger Car: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 29. Commercial Vehicle: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Commercial Vehicle: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 31. Class 1: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Class 1: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 33. Class 2: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Class 2: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 35. Class 3: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Class 3: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 37. Class 4: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Class 4: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 39. Class 5: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Class 5: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 41. Class 6: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. Class 6: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 43. Class 7: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Class 7: Fuel Cell Market – Volume and Forecast to 2027 (‘000 Units)
Figure 45. Utilities: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. Defense: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. Others: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. Global Fuel Cell Market Revenue Share, by Region (2019 and 2027)
Figure 49. North America: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. North America: Fuel Cell Market Revenue Share, by Type(2019 and 2027)
Figure 51. North America: Fuel Cell Market Revenue Share, by End User (2019 and 2027)
Figure 52. North America: Fuel Cell Market Revenue Share, by Application (2019 and 2027)
Figure 53. North America: Fuel Cell Market Revenue Share, by Key Country (2019 and 2027)
Figure 54. US: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. Canada: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. Mexico: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. Europe: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. Europe: Fuel Cell Market Revenue Share, By Type (2019 and 2027)
Figure 59. Europe: Fuel Cell Market Revenue Share, By End User (2019 and 2027)
Figure 60. Europe: Fuel Cell Market Revenue Share, By Application (2019 and 2027)
Figure 61. Europe: Fuel Cell Market Revenue Share, By Country (2019 and 2027)
Figure 62. Germany: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. France: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. Russia: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. UK: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Italy: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. Rest of Europe: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. APAC: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 69. APAC: Fuel Cell Market Revenue Share, By Type (2019 and 2027)
Figure 70. APAC: Fuel Cell Market Revenue Share, By End User (2019 and 2027)
Figure 71. APAC: Fuel Cell Market Revenue Share, By Industry (2019 and 2027)
Figure 72. APAC: Fuel Cell Market Revenue Share, By Country (2019 and 2027)
Figure 73. Australia: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. China: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 75. India: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 76. Japan: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 77. South Korea: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 78. Rest of APAC: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 79. RoW: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 80. RoW: Fuel Cell Market Revenue Share, by Type (2019 and 2027)
Figure 81. RoW: Fuel Cell Market Revenue Share, by End User (2019 and 2027)
Figure 82. RoW: Fuel Cell Market Revenue Share, by Application (2019 and 2027)
Figure 83. RoW: Fuel Cell Market Revenue Share, by Key Country (2019 and 2027)
Figure 84. MEA: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 85. SAM: Fuel Cell Market – Revenue and Forecast to 2027 (US$ Million)
Figure 86. Impact of COVID-19 Pandemic in North American Country Markets
Figure 87. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 88. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 89. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 90. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Fuel Cell Market
- Hydrogenics Corp.
- FuelCell Energy, Inc.
- Plug Power Inc.
- Bloom Energy
- Ballard Power Systems
- SFC Energy AG
- Intelligent Energy Limited
- Doosan Fuel Cell Co., Ltd.
- TW Horizon Fuel Cell Technologies
- Toshiba Energy Systems & Solutions Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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