Market By Application, Type And Geography | Forecast 2019-2027
Triton’s research shows that the Latin America fuel cell market is expected to grow with the CAGR of 12.45% for the estimated period of 2019-2027.
The segmentation of the Latin America fuel cell market includes countries such as:
• Brazil
• Mexico
• Rest of Latin America
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The fuel cells market in Latin America is emerging and developing at a significant pace and is anticipated to flourish with moderate growth during the forecast period. The rising demand for alternative energy source and clean, efficient technologies for development in the emerging economies drives the need for fuel cells, thereby paving market growth. The participation of both private and government organizations in the research, production and implementations of fuel cells across various industrial sector attributes to the growth of the technology in the region.
Brazil is the major consumer of fuel cells owing to its sizeable automotive industry. The country, due to its vast geographical area, is exploring the utilization of fuel cell in power generation plants. Also, rising demand for hydrogen-powered vehicles like hydrogen fuel cell buses and other local transportation has escalated market growth. The Mexico fuel cells market is growing as a result of the participation of many local organisations in manufacturing fuel cell systems. Though the use of fuel cells is at a nascent stage in Mexico, the proactive involvement of universities and government is paving the way for the growth of the sector. Thus, the emerging economic infrastructure of the region along with stress on renewable energy resources drives the market with expanding opportunities and prospect.
1. LATIN
AMERICA 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. LATIN
AMERICA FUEL CELL INDUSTRY OUTLOOK - BY APPLICATION
3.1. TRANSPORTATION
3.2. STATIONARY
3.3. PORTABLE
4. LATIN
AMERICA 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. LATIN
AMERICA FUEL CELL INDUSTRY – REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
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: LATIN AMERICA 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: LATIN AMERICA FUEL
CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 9: LATIN AMERICA FUEL
CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 10: LATIN AMERICA FUEL
CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)
FIGURE 1: LATIN AMERICA 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: LATIN AMERICA FUEL
CELL MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)
FIGURE 10: LATIN AMERICA FUEL
CELL MARKET, BY STATIONARY, 2019-2027 (IN $ MILLION)
FIGURE 11: LATIN AMERICA FUEL
CELL MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)
FIGURE 12: LATIN AMERICA FUEL
CELL MARKET, BY SOLID OXIDE FUEL CELLS (SOFC), 2019-2027 (IN $ MILLION)
FIGURE 13: LATIN AMERICA FUEL
CELL MARKET, BY PHOSPHORIC ACID FUEL CELLS (PAFC), 2019-2027 (IN $ MILLION)
FIGURE 14: LATIN AMERICA FUEL
CELL MARKET, BY MOLTEN CARBONATE FUEL CELLS (MCFC), 2019-2027 (IN $ MILLION)
FIGURE 15: LATIN AMERICA FUEL
CELL MARKET, BY PROTON EXCHANGE MEMBRANE FUEL
CELLS (PEMFC), 2019-2027 (IN $ MILLION)
FIGURE 16: LATIN AMERICA FUEL
CELL MARKET, BY OTHER FUEL CELLS, 2019-2027 (IN $ MILLION)
FIGURE 17: LATIN AMERICA FUEL
CELL MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 18: BRAZIL FUEL CELL
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: MEXICO FUEL CELL
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: REST OF LATIN
AMERICA FUEL CELL MARKET, 2019-2027 (IN $ MILLION)