Market By Application, Type And Geography | Forecast 2019-2027
According to Triton’s research, the Asia- Pacific fuel cell market is expected to flourish with CAGR of 18.43% for the forecast period of 2019-2027.
The Asia-Pacific fuel cell market includes countries such as:
• China
• India
• Japan
• South Korea
• ASEAN countries
• Australia & New Zealand
• Rest of Asia-Pacific
We provide additional customization based on your specific requirements. Request For Customization
The Asia-pacific fuel cell market is the largest and fastest evolving regional market across the globe. The government initiatives and investments for rapid adoption of fuel cells across various industrial verticals primarily drives the fuel cells market in the region. The government imposed stringent environmental regulations on companies that abide them to adopt for cleaner technology like fuel cells. Also, the rising adoption of fuel cells electric vehicles, hybrid electric vehicles, Combined Heat & Power (CHP), fuel cells in power generation plants and others drive the demand for fuel cells, thereby escalating the market growth.
Japan is the dominant market in the Asia-Pacific fuel cells market, owing to its significant demand of Combined Heat & Power (CHP) systems and various government initiatives for adoption of renewable fuelling stations. On the other hand, China’s fuel cells market is driven mainly by the public-private partnerships along with government policies and incentives supporting fuel cell electric vehicles. The expanding fuel cells market in India attributes to the favourable government policies supporting renewable energy technologies and providing generation-based incentives, capital and interest subsidies. While South Korea evolved as a world leader in fuel cell power production and installed the largest fuel cell park, Australia is investing in Next-generation hydrogen-fuelled vehicles, thus escalating the region’s fuel cell market.
1. ASIA
PACIFIC FUEL CELL MARKET- SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. PROMISING
INVESTMENTS IN FUEL CELL
2.2.2. INCREASING
NUMBER OF PARTNERSHIPS BETWEEN PUBLIC & PRIVATE COMPANIES
2.2.3. GROWING
APPLICATION OF FUEL CELL IN EV’S, HEV’S & PHEV’S
2.2.4. PROACTIVE
INVOLVEMENT OF UNIVERSITIES, GOVERNMENT ORGANIZATIONS & COMPANIES IN
R&D
2.3. PORTER’S
FIVE FORCE ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.6.1. RAW
MATERIAL SUPPLIERS
2.6.2. MANUFACTURERS
2.6.3. DISTRIBUTORS
2.6.4. END-USERS
2.7. KEY
IMPACT ANALYSIS
2.7.1. COST
2.7.2. APPLICATION
2.7.3. EFFICIENCY
2.8. REGULATORY
FRAMEWORK
2.9. INDUSTRY
PLAYER POSITIONING
2.10.
MARKET DRIVERS
2.10.1. BENEFITS
OFFERED BY FUEL CELLS OVER OTHER POWER GENERATING SYSTEMS
2.10.2. GROWING
DEMAND FOR EFFICIENT & CLEANER TECHNOLOGIES
2.10.3. RAPID
INTEGRATION OF FUEL CELL TECHNOLOGY IN AUTOMOBILES
2.11.
MARKET RESTRAINTS
2.11.1. ISSUES
WITH DURABILITY OF FUEL CELL TECHNOLOGY
2.11.2. HIGH
CAPITAL COST OF FUEL CELLS
2.12.
MARKET OPPORTUNITIES
2.12.1. DECLINING
PRICES OF FUEL CELLS & FCV’S
2.12.2. GROWING
NUMBER OF HYDROGEN REFUELLING STATIONS
2.13.
MARKET CHALLENGES
2.13.1. AVAILABILITY
OF ALTERNATIVE TECHNOLOGIES
2.13.2. LACK
OF FUEL INFRASTRUCTURE
3. ASIA
PACIFIC FUEL CELL INDUSTRY OUTLOOK - BY APPLICATION
3.1. TRANSPORTATION
3.2. STATIONARY
3.3. PORTABLE
4. ASIA
PACIFIC FUEL CELL INDUSTRY OUTLOOK - BY TYPE
4.1. SOLID
OXIDE FUEL CELLS (SOFC)
4.2. PHOSPHORIC
ACID FUEL CELLS (PAFC)
4.3. MOLTEN
CARBONATE FUEL CELLS (MCFC)
4.4. PROTON EXCHANGE MEMBRANE FUEL CELLS
(PEMFC)
4.5. OTHER
FUEL CELLS
5. ASIA
PACIFIC FUEL CELL INDUSTRY – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. HITACHI
LTD
6.2. GENERAL
ELECTRIC COMPANY
6.3. EXXON
MOBIL CORPORATION
6.4. AFC
ENERGY PLC
6.5. FUELCELL
ENERGY INC
6.6. HYDROGENICS
CORPORATION
6.7. AISIN
SEIKI CO LTD
6.8. BALLARD
POWER SYSTEMS
6.9. BLOOM
ENERGY CORPORATION
6.10.
CERES POWER HOLDINGS PLC
6.11.
PLUG POWER INC
6.12.
SFC ENERGY
AG
6.13.
PANASONIC CORPORATION
6.14.
TOYOTA MOTOR CORPORATION
6.15.
TOSHIBA CORPORATION
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA PACIFIC FUEL
CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: PROMINENT INVESTMENT
IN FUEL CELLS
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: TYPICAL STACK SIZE OF
DIFFERENT FUEL CELL TECHNOLOGIES
TABLE 6: ENERGY CONVERSION
EFFICIENCY OF DIFFERENT ENERGY SOURCES
TABLE 7: ESTIMATED NUMBER OF
FCEV’S ON ROAD IN KEY GEOGRAPHIES, 2014- 2020
TABLE 8: ASIA PACIFIC FUEL
CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 9: ASIA PACIFIC FUEL
CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 10: ASIA PACIFIC FUEL
CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)
FIGURE 1: ASIA PACIFIC FUEL
CELL MARKET, BY APPLICATION, 2018 & 2027 (IN %)
FIGURE 2: NETL’S SOFC PROGRAM
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: INDUSTRY COMPONENTS
FIGURE 5: KEY IMPACT ANALYSIS
FIGURE 6: INDUSTRY PLAYER POSITIONING
IN 2018 (IN %)
FIGURE 7: FUEL CELL SYSTEM
COSTS ($)
FIGURE 8: ESTIMATED NUMBER OF
HYDROGEN FUELING STATIONS IN KEY GEOGRAPHIES, 2014-2020
FIGURE 9: ASIA PACIFIC FUEL
CELL MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)
FIGURE 10: ASIA PACIFIC FUEL
CELL MARKET, BY STATIONARY, 2019-2027 (IN $ MILLION)
FIGURE 11: ASIA PACIFIC FUEL
CELL MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)
FIGURE 12: ASIA PACIFIC FUEL
CELL MARKET, BY SOLID OXIDE FUEL CELLS (SOFC), 2019-2027 (IN $ MILLION)
FIGURE 13: ASIA PACIFIC FUEL
CELL MARKET, BY PHOSPHORIC ACID FUEL CELLS (PAFC), 2019-2027 (IN $ MILLION)
FIGURE 14: ASIA PACIFIC FUEL
CELL MARKET, BY MOLTEN CARBONATE FUEL CELLS (MCFC), 2019-2027 (IN $ MILLION)
FIGURE 15: ASIA PACIFIC FUEL
CELL MARKET, BY PROTON EXCHANGE MEMBRANE FUEL
CELLS (PEMFC), 2019-2027 (IN $ MILLION)
FIGURE 16: ASIA PACIFIC FUEL
CELL MARKET, BY OTHER FUEL CELLS, 2019-2027 (IN $ MILLION)
FIGURE 17: ASIA PACIFIC FUEL
CELL MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 18: CHINA FUEL CELL
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: JAPAN FUEL CELL
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: INDIA FUEL CELL
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: SOUTH KOREA FUEL
CELL MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: ASEAN COUNTRIES
FUEL CELL MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: AUSTRALIA & NEW
ZEALAND FUEL CELL MARKET, 2019-2027 (IN $ MILLION)
FIGURE 24: REST OF ASIA
PACIFIC FUEL CELL MARKET, 2019-2027 (IN $ MILLION)