This report covers fuel cells used in stationary power generation and storage applications along with mobility applications. Other applications primarily include fuel cell electrolyzers. These electrolyzers use electricity as input and produce hydrogen as an output. Thus, they are not considered in the study.
Definitive and detailed estimates and forecasts of the global market are provided. The report also contains a detailed analysis of the key fuel cell types, regions, countries, applications, and ongoing trends in the market.
The fuel cell market is segmented based on a) type of fuel cell and b) application. Solid oxide fuel cells and proton exchange membrane fuel cells (PEMFC) are the major types in the fuel cell market. The applications considered in this study are combined heating and power (CHP), stationary power supply units, auxiliary power units (APU), and vehicle propulsion systems.
Report Includes:
- 44 data tables and 38 additional tables - An up-to-date overview of the global market for hydrogen fuel cells technology - Analyses of the global market trends, with data from 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027 - Highlights of the upcoming market potential for hydrogen fuel cells in stationery and transport power generation industry, future trends and innovations, and areas of focus to forecast this market into various segments and sub-segments - Evaluation and forecast the global hydrogen fuel cell market size for, and corresponding market share analysis by fuel cell type, application, and region - Discussion of the key market dynamics (DROs), technology updates, industry value chain analysis, and COVID-19 implications on the progress of this market - Insight into recent industry structure, current competitive scenario, R&D activities, major growth strategies, and company value share analysis based on their segmental revenues - Latest information on recent developments in the hydrogen fuel cell industry - Descriptive company profiles of the leading global players, including Bloom Energy, Cummins Inc., Delphi Automotive, General Electric, Mitsubishi Heavy Industries Ltd., Panasonic Group, Rolls-Royce Fuel Cell Systems Ltd., and Shell Hydrogen BV
Content Table of Contents
Chapter 1 Introduction Study Goals and Objectives Scope of Report Information Sources Methodology Geographic Breakdown Analyst's Credentials BCC Custom Research Related BCC Research Reports Chapter 2 Summary and Highlights Chapter 3 Market and Technology Overview Technical Overview History of Fuel Cells Hydrogen Fuel Industry Market Overview Value Chain Competitive Technologies Government Initiatives to Promote Fuel Cells Chapter 4 COVID-19 Impact Analysis Combined Heat and Power Auxiliary and Backup Power Chapter 5 Market Breakdown by Type PEMFC PEM Technology SOFC SOFC Technology SOFC Technology: Current and Developmental Configurations Other Fuel Cell Types Alkaline Fuel Cells Phosphoric Acid Fuel Cell Molten Carbon Fuel Cell Chapter 6 Market Breakdown by Application Stationary Power Units Combined Heat and Power Units Backup/Secondary Power Unit Portable Power Units Residential and Commercial (Generators) Recreational and Commercial Vehicles Signage Anti-Idling APUs Aircraft Military APUs Transportation On-road Off-road Chapter 7 Market Breakdown by Region APAC Japan South Korea Rest of APAC North America U.S. Europe ENE-FIELD PACE KfW 433 (Germany) Chapter 8 Recent Developments Recent Developments Chapter 9 Company Profiles ACAL ENERGY LTD. ACUMENTRICS HOLDING CORP. ADELAN UK LTD. AFC ENENRGY ALPPS FUEL CELL SYSTEMS ALSTOM TECHNOLOGY ALTERGY ARISTON HOLDING N.V. BABCOCK & WILCOX BALLARD POWER SYSTEMS BLOOM ENERGY CERES POWER CLARA VENTURE LABS CONVION OY CUMMINS INC. DELPHI AUTOMOTIVE DOOSAN FUEL CELL ELCOGEN AS ENTWICKLUNGS UND VERTRIEBSGESELLSCHAFT BRENNSTOFFZELLE EZELLERON INC. FUELCELL ENERGY FUEL CELL TECHNOLOGIES FUJI ELECTRIC GENERAL ELECTRIC CO. GEORGE WESTINGHOUSE RESEARCH AND TECHNOLOGY PARK H2E POWER SYSTEMS INC. H2 POWER TECH HALDOR TOPSOE A/S/TOPSOE FUEL CELL HORIZON FUEL CELLS AND RIVERSIMPLE ITM POWER INTELLIGENT ENERGY KANSAI ELECTRIC POWER CO., INC. LINDE BOC LOGAN ENERGY CORP. MEIDENSHA CORP. MERIDIAN ENERGY LTD. MITSUBISHI HEAVY INDUSTRIES LTD. NEDSTACK FUEL CELL TECHNOLOGY PALCAN FUEL CELLS LTD. PANASONIC PLUG POWER INC. POHANG IRON AND STEEL CO. (POSCO) PROTON MOTOR FUEL CELL GMBH ROLLS-ROYCE FUEL CELL SYSTEMS LTD. SAFCELL SHELL HYDROGEN BV SIEMENS POWER GENERATION INC. SMART FUEL CELL AG (SFC) SOLIDPOWER STAXERA GMBH (SUNFIRE) SULZER HEXIS AG SUMITOMO CORP. TOKYO GAS CO., LTD. TOSHIBA FUEL CELL POWER SYSTEMS CORP. TOYOTA VAILLANT GMBH VERSA POWER SYSTEMS INC. VIOLET FUEL CELL STICKS WATT FUEL CELL CORP. Chapter 10 Appendix: Acronyms and Sources
List of Tables Summary Table : Global Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 1 : Hydrogen Production Processes Table 2 : Key Hydrogen and Fuel Cell Initiatives Table 3 : Key Hydrogen and Fuel Cell Initiatives Table 4 : Government-Led International Partnerships and Initiatives Table 5 : Key FC Types and Characteristics Table 6 : Overview of Cost and Performance of Fuel Cell Types Table 7 : Global Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 8 : Global Market for Proton Exchange Membrane Fuel Cells, by Application, Through 2027 Table 9 : Global Market for Proton Exchange Membrane Fuel Cells, by Region, Through 2027 Table 10 : PEMFC MEA Material Cost Summary, 1kW and 5kW, 2017 Table 11 : PEMFC MEA Material Cost Summary, 10kW and 25kW, 2017 Table 12 : PEMFC End Plate Cost Summary, 1kW and 5kW, 2017 Table 13 : PEMFC End Plate Cost Summary, 10kW and 25kW, 2017 Table 14 : PEMFC Anode Bipolar Plate Cost Summary, 1kW and 5kW, 2017 Table 15 : PEMFC Anode Bipolar Plate Cost Summary, 10kW and 25kW, 2017 Table 16 : PEMFC Cathode Bipolar Plate Cost Summary, 1kW and 5kW, 2017 Table 17 : PEMFC Cathode Bipolar Plate Cost Summary, 10kW and 25kW, 2017 Table 18 : PEMFC Assembly Cost Summary, 1kW, 5kW, 10kW, and 25kW, 2017 Table 19 : PEMFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017 Table 20 : PEMFC Stack Manufacturing Cost Summary10kW and 25kW, 2017 Table 21 : Key PEMFC Manufacturers Table 22 : Global Market for Solid Oxide Fuel Cells, by Application, Through 2027 Table 23 : Global Market for Solid Oxide Fuel Cells, by Region, Through 2027 Table 24 : SOFC Anode Frame Cost Summary, 1kW and 5kW, 2017 Table 25 : SOFC Anode Frame Cost Summary, 10kW and 25kW, 2017 Table 26 : SOFC Cathode Frame Cost Summary, 1kW and 5kW, 2017 Table 27 : SOFC Cathode Frame Cost Summary, 10kW and 25kW, 2017 Table 28 : Material Properties of Commonly Used SOFC Interconnect Materials Table 29 : SOFC Interconnect Cost Summary, 1kW and 5kW, 2017 Table 30 : SOFC Interconnect Cost Summary, 10kW and 25kW, 2017 Table 31 : SOFC Gasket Materials Table 32 : SOFC Stack Assembly Cost Summary, 1kW, 5kW, 10kW, and 25 kW, 2017 Table 33 : SOFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017 Table 34 : SOFC Stack Manufacturing Cost Summary, 10kW and 25kW, 2017 Table 35 : Key SOFC Manufacturers Table 36 : Global Market for Other Fuel Cell Types, by Application, Through 2027 Table 37 : Global Market for Other Fuel Cell Types, by Region, Through 2027 Table 38 : Key Manufacturers, Other Types of Fuel Cells Table 39 : Global Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 40 : Global Hydrogen Fuel Cell Market in Stationary Applications, by FC Type, Through 2027 Table 41 : Global Hydrogen Fuel Cell Market in Stationary Applications, by Region, Through 2027 Table 42 : Cogeneration Applications and Technologies Used Table 43 : Properties of Micro-CHPs Table 44 : Properties of Micro-CHP(<5kW) Table 45 : Performance Characteristics of Large-scale FC CHP Table 46 : Hydrogen Fuel Cells Market in Portable Power Units, by FC Type, Through 2027 Table 47 : Hydrogen Fuel Cells Market in Portable Power Units, by Region, Through 2027 Table 48 : Commercial Vehicle Production, 2021 Table 49 : Hydrogen Fuel Cell Market in Transportation, by FC Type, Through 2027 Table 50 : Passenger FCEVs in the Market Table 51 : FCEV Buses and Trucks in the Market Table 52 : Hydrogen Fuel Cell Market in Transportation, by Region, Through 2027 Table 53 : Global Market for Hydrogen Fuel Cells, by Region, Through 2027 Table 54 : APAC Market for Hydrogen Fuel Cells, by Country, Through 2027 Table 55 : APAC Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 56 : APAC Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 57 : Stationary Fuel Cell Manufacturers in Japan Table 58 : Key Players in South Korean Power Generation Market Table 59 : Stationary FC Units in China Table 60 : North American Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 61 : North American Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 62 : Fuel Cell-Based CHP Installations, U.S. Table 63 : Stationary Fuel Cell Manufacturers, U.S., May 2019 Table 64 : European Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 65 : Deployment Plans, FCH Applications, EU Participating Regions Table 66 : European Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 67 : Key New Product Developments, Fuel Cell Industry Table 68 : Key Expansion Activities in the Fuel Cell Industry Table 69 : Key Joint Ventures in the Fuel Cell Industry Table 70 : Key Memoranda of Understanding (Agreements) in the Fuel Cell Industry Table 71 : Key Acquisitions in the Fuel Cell Industry Table 72 : Publicly Disclosed Large-Scale Orders and Installations, 2019 Table 73 : Publicly Announced 2019 Portable/Off-Grid Sales and Orders, 2019 Table 74 : Products Offered by AFC Energy Table 75 : Products Offered by Ballard Power Systems Table 76 : Products Offered by Bloom Energy Table 77 : Products Offered by Ceres Power Table 78 : Convion OY: SOFC technology Goals Table 79 : Products Offered by Doosan Fuel Cell Table 80 : Acronyms Used in This Report Table 81 : Report Sources
This report covers fuel cells used in stationary power generation and storage applications along with mobility applications. Other applications primarily include fuel cell electrolyzers. These electrolyzers use electricity as input and produce hydrogen as an output. Thus, they are not considered in the study.
Definitive and detailed estimates and forecasts of the global market are provided. The report also contains a detailed analysis of the key fuel cell types, regions, countries, applications, and ongoing trends in the market.
The fuel cell market is segmented based on a) type of fuel cell and b) application. Solid oxide fuel cells and proton exchange membrane fuel cells (PEMFC) are the major types in the fuel cell market. The applications considered in this study are combined heating and power (CHP), stationary power supply units, auxiliary power units (APU), and vehicle propulsion systems.
Report Includes:
- 44 data tables and 38 additional tables - An up-to-date overview of the global market for hydrogen fuel cells technology - Analyses of the global market trends, with data from 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027 - Highlights of the upcoming market potential for hydrogen fuel cells in stationery and transport power generation industry, future trends and innovations, and areas of focus to forecast this market into various segments and sub-segments - Evaluation and forecast the global hydrogen fuel cell market size for, and corresponding market share analysis by fuel cell type, application, and region - Discussion of the key market dynamics (DROs), technology updates, industry value chain analysis, and COVID-19 implications on the progress of this market - Insight into recent industry structure, current competitive scenario, R&D activities, major growth strategies, and company value share analysis based on their segmental revenues - Latest information on recent developments in the hydrogen fuel cell industry - Descriptive company profiles of the leading global players, including Bloom Energy, Cummins Inc., Delphi Automotive, General Electric, Mitsubishi Heavy Industries Ltd., Panasonic Group, Rolls-Royce Fuel Cell Systems Ltd., and Shell Hydrogen BV
Table of Contents
Chapter 1 Introduction Study Goals and Objectives Scope of Report Information Sources Methodology Geographic Breakdown Analyst's Credentials BCC Custom Research Related BCC Research Reports Chapter 2 Summary and Highlights Chapter 3 Market and Technology Overview Technical Overview History of Fuel Cells Hydrogen Fuel Industry Market Overview Value Chain Competitive Technologies Government Initiatives to Promote Fuel Cells Chapter 4 COVID-19 Impact Analysis Combined Heat and Power Auxiliary and Backup Power Chapter 5 Market Breakdown by Type PEMFC PEM Technology SOFC SOFC Technology SOFC Technology: Current and Developmental Configurations Other Fuel Cell Types Alkaline Fuel Cells Phosphoric Acid Fuel Cell Molten Carbon Fuel Cell Chapter 6 Market Breakdown by Application Stationary Power Units Combined Heat and Power Units Backup/Secondary Power Unit Portable Power Units Residential and Commercial (Generators) Recreational and Commercial Vehicles Signage Anti-Idling APUs Aircraft Military APUs Transportation On-road Off-road Chapter 7 Market Breakdown by Region APAC Japan South Korea Rest of APAC North America U.S. Europe ENE-FIELD PACE KfW 433 (Germany) Chapter 8 Recent Developments Recent Developments Chapter 9 Company Profiles ACAL ENERGY LTD. ACUMENTRICS HOLDING CORP. ADELAN UK LTD. AFC ENENRGY ALPPS FUEL CELL SYSTEMS ALSTOM TECHNOLOGY ALTERGY ARISTON HOLDING N.V. BABCOCK & WILCOX BALLARD POWER SYSTEMS BLOOM ENERGY CERES POWER CLARA VENTURE LABS CONVION OY CUMMINS INC. DELPHI AUTOMOTIVE DOOSAN FUEL CELL ELCOGEN AS ENTWICKLUNGS UND VERTRIEBSGESELLSCHAFT BRENNSTOFFZELLE EZELLERON INC. FUELCELL ENERGY FUEL CELL TECHNOLOGIES FUJI ELECTRIC GENERAL ELECTRIC CO. GEORGE WESTINGHOUSE RESEARCH AND TECHNOLOGY PARK H2E POWER SYSTEMS INC. H2 POWER TECH HALDOR TOPSOE A/S/TOPSOE FUEL CELL HORIZON FUEL CELLS AND RIVERSIMPLE ITM POWER INTELLIGENT ENERGY KANSAI ELECTRIC POWER CO., INC. LINDE BOC LOGAN ENERGY CORP. MEIDENSHA CORP. MERIDIAN ENERGY LTD. MITSUBISHI HEAVY INDUSTRIES LTD. NEDSTACK FUEL CELL TECHNOLOGY PALCAN FUEL CELLS LTD. PANASONIC PLUG POWER INC. POHANG IRON AND STEEL CO. (POSCO) PROTON MOTOR FUEL CELL GMBH ROLLS-ROYCE FUEL CELL SYSTEMS LTD. SAFCELL SHELL HYDROGEN BV SIEMENS POWER GENERATION INC. SMART FUEL CELL AG (SFC) SOLIDPOWER STAXERA GMBH (SUNFIRE) SULZER HEXIS AG SUMITOMO CORP. TOKYO GAS CO., LTD. TOSHIBA FUEL CELL POWER SYSTEMS CORP. TOYOTA VAILLANT GMBH VERSA POWER SYSTEMS INC. VIOLET FUEL CELL STICKS WATT FUEL CELL CORP. Chapter 10 Appendix: Acronyms and Sources
List of Tables Summary Table : Global Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 1 : Hydrogen Production Processes Table 2 : Key Hydrogen and Fuel Cell Initiatives Table 3 : Key Hydrogen and Fuel Cell Initiatives Table 4 : Government-Led International Partnerships and Initiatives Table 5 : Key FC Types and Characteristics Table 6 : Overview of Cost and Performance of Fuel Cell Types Table 7 : Global Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 8 : Global Market for Proton Exchange Membrane Fuel Cells, by Application, Through 2027 Table 9 : Global Market for Proton Exchange Membrane Fuel Cells, by Region, Through 2027 Table 10 : PEMFC MEA Material Cost Summary, 1kW and 5kW, 2017 Table 11 : PEMFC MEA Material Cost Summary, 10kW and 25kW, 2017 Table 12 : PEMFC End Plate Cost Summary, 1kW and 5kW, 2017 Table 13 : PEMFC End Plate Cost Summary, 10kW and 25kW, 2017 Table 14 : PEMFC Anode Bipolar Plate Cost Summary, 1kW and 5kW, 2017 Table 15 : PEMFC Anode Bipolar Plate Cost Summary, 10kW and 25kW, 2017 Table 16 : PEMFC Cathode Bipolar Plate Cost Summary, 1kW and 5kW, 2017 Table 17 : PEMFC Cathode Bipolar Plate Cost Summary, 10kW and 25kW, 2017 Table 18 : PEMFC Assembly Cost Summary, 1kW, 5kW, 10kW, and 25kW, 2017 Table 19 : PEMFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017 Table 20 : PEMFC Stack Manufacturing Cost Summary10kW and 25kW, 2017 Table 21 : Key PEMFC Manufacturers Table 22 : Global Market for Solid Oxide Fuel Cells, by Application, Through 2027 Table 23 : Global Market for Solid Oxide Fuel Cells, by Region, Through 2027 Table 24 : SOFC Anode Frame Cost Summary, 1kW and 5kW, 2017 Table 25 : SOFC Anode Frame Cost Summary, 10kW and 25kW, 2017 Table 26 : SOFC Cathode Frame Cost Summary, 1kW and 5kW, 2017 Table 27 : SOFC Cathode Frame Cost Summary, 10kW and 25kW, 2017 Table 28 : Material Properties of Commonly Used SOFC Interconnect Materials Table 29 : SOFC Interconnect Cost Summary, 1kW and 5kW, 2017 Table 30 : SOFC Interconnect Cost Summary, 10kW and 25kW, 2017 Table 31 : SOFC Gasket Materials Table 32 : SOFC Stack Assembly Cost Summary, 1kW, 5kW, 10kW, and 25 kW, 2017 Table 33 : SOFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017 Table 34 : SOFC Stack Manufacturing Cost Summary, 10kW and 25kW, 2017 Table 35 : Key SOFC Manufacturers Table 36 : Global Market for Other Fuel Cell Types, by Application, Through 2027 Table 37 : Global Market for Other Fuel Cell Types, by Region, Through 2027 Table 38 : Key Manufacturers, Other Types of Fuel Cells Table 39 : Global Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 40 : Global Hydrogen Fuel Cell Market in Stationary Applications, by FC Type, Through 2027 Table 41 : Global Hydrogen Fuel Cell Market in Stationary Applications, by Region, Through 2027 Table 42 : Cogeneration Applications and Technologies Used Table 43 : Properties of Micro-CHPs Table 44 : Properties of Micro-CHP(<5kW) Table 45 : Performance Characteristics of Large-scale FC CHP Table 46 : Hydrogen Fuel Cells Market in Portable Power Units, by FC Type, Through 2027 Table 47 : Hydrogen Fuel Cells Market in Portable Power Units, by Region, Through 2027 Table 48 : Commercial Vehicle Production, 2021 Table 49 : Hydrogen Fuel Cell Market in Transportation, by FC Type, Through 2027 Table 50 : Passenger FCEVs in the Market Table 51 : FCEV Buses and Trucks in the Market Table 52 : Hydrogen Fuel Cell Market in Transportation, by Region, Through 2027 Table 53 : Global Market for Hydrogen Fuel Cells, by Region, Through 2027 Table 54 : APAC Market for Hydrogen Fuel Cells, by Country, Through 2027 Table 55 : APAC Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 56 : APAC Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 57 : Stationary Fuel Cell Manufacturers in Japan Table 58 : Key Players in South Korean Power Generation Market Table 59 : Stationary FC Units in China Table 60 : North American Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 61 : North American Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 62 : Fuel Cell-Based CHP Installations, U.S. Table 63 : Stationary Fuel Cell Manufacturers, U.S., May 2019 Table 64 : European Market for Hydrogen Fuel Cells, by Type, Through 2027 Table 65 : Deployment Plans, FCH Applications, EU Participating Regions Table 66 : European Market for Hydrogen Fuel Cells, by Application, Through 2027 Table 67 : Key New Product Developments, Fuel Cell Industry Table 68 : Key Expansion Activities in the Fuel Cell Industry Table 69 : Key Joint Ventures in the Fuel Cell Industry Table 70 : Key Memoranda of Understanding (Agreements) in the Fuel Cell Industry Table 71 : Key Acquisitions in the Fuel Cell Industry Table 72 : Publicly Disclosed Large-Scale Orders and Installations, 2019 Table 73 : Publicly Announced 2019 Portable/Off-Grid Sales and Orders, 2019 Table 74 : Products Offered by AFC Energy Table 75 : Products Offered by Ballard Power Systems Table 76 : Products Offered by Bloom Energy Table 77 : Products Offered by Ceres Power Table 78 : Convion OY: SOFC technology Goals Table 79 : Products Offered by Doosan Fuel Cell Table 80 : Acronyms Used in This Report Table 81 : Report Sources