Fuel Cell Market Report: Global Industry Trends, Growth, Share, Size, Demand By Region and Forecast

1. GlobalFuel Cell Market Research, Share, Size, Trends and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Fuel Cell Market Report By Type (proton exchange membrane fuel cells, solid oxide fuel cells, molten carbonate fuel cells, direct methanol fuel cells, phosphoric acid fuel cells and others), Application (stationery, transportation and portable), Region The global fuel cell market is expected to witness a robust growth in the upcoming years. This can be accredited to several initiatives implemented by the governments of Australia, Germany, Korea, Japan, etc. to increase the employment of hydrogen fuel cells in the production of automobiles and gas distribution systems so as to curb their carbon footprint. Market Overview: IMARC Group’s latest study, titled “Fuel Cell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global fuel cell market reached a value of US$ 4.5 Billion in 2018. A fuel cell refers to an electrochemical energy conversion device which contains two electrodes. It also includes an electrolyte which carries ions between the electrodes and a catalyst to speed up the reaction. Owing to the advantages offered by fuel cells, such as easy maintenance, high operating time and better efficiency, they find applications in automobiles, data centres, forklifts, telecommunications, etc. Moreover, as modern fuel cells work on pure hydrogen, they emit negligible amount of greenhouse gases in comparison to diesel- or gas-based fuel cells which makes them environment-friendly in nature.

4. Report Description and Highlights Report Description • Constant depletion of fossil fuels has led governments across the world to implement numerous policies and initiatives, and use sustainable energy alternatives. For instance, the Australian government has proposed to convert gas distribution system to clean hydrogen by 2030. Similarly, the German government aims to reduce greenhouse gas emissions by 40% till 2020 and has invested in hydrogen fuel cells for trains. Along with this, an increase in the number of fuel cell vehicles and buses in China, Japan and Korea has further broaden the growth prospects of the market. Additionally, employment of fuel cells reduces economic dependence on crude oil imports, thereby being financially beneficial to the countries. Looking forward, the market value is projected to reach US$ 9.5 Billion by 2024, expanding at a CAGR of 13.2% during 2019-2024. • Global Fuel Cell Market Segmentation: • Market Segmentation by Type • Proton Exchange Membrane Fuel Cells (PEMFC) • Solid Oxide Fuel Cells (SOFC) • Molten Carbonate Fuel Cells (MCFC) • Direct Methanol Fuel Cells (DMFC) • Phosphoric Acid Fuel Cells (PAFC) • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=917&flag=B

5. Market Forecast Sample Figure: Global: Fuel Cell Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Others • Based on type, proton exchange membrane fuel cells dominate the market, holding the largest share. Other types of fuel cells include solid oxide, molten carbonate, direct methanol and phosphoric acid. • Market Segmentation by Application • Stationary • Transportation • Portable • Others • On the basis of application, the market has been segregated into stationery, transportation and portable. Currently, stationery applications account for the majority of the total market share, representing the largest segment. • Market Segmentation by Region • North America • For more information, click here: https://www.imarcgroup.com/fuel-cell-market

7. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

8. Market Segmentation Report Description • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, the market has been classified into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global share. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Ballard Power Systems Inc. • Bloom Energy Corporation • Toshiba Fuel Cell Power Systems Corporation • FuelCell Energy Inc • Plug Power Inc • Nuvera Fuel Cells Inc • AFC Energy plc

9. Market Segmentation Report Description • SFC Energy AG • Mitsubishi Hitachi Power Systems, Ltd. • Panasonic Corporation • Intelligent Energy Limited • Doosan Fuel Cell America Inc. • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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11. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

12. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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