Market By Application, Type And Geography | Forecast 2019-2027
According to the Triton’s market research, the North America fuel cell market is expected to grow with CACR of 18.33% over the forecast period of 2019-2027.
A fuel cell is a device used to generate electricity through chemical reactions. Due to its various advantages like fewer emissions, environment-friendly and longer life span, the market is growing at a faster rate globally. With the fuel cell’s rising applications across various industries and the adoption of technology worldwide, the market shows tremendous potential in the coming years.
The North America fuel cell market includes countries such as;
• The United States
• Canada
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In North America, the advancement in various industries and developing technology raise the fuel cell market. The United States holds the dominant share of North America fuel cell market. Many countries are promoting initiatives for the adoption of fuel cell technologies in the industrial sector. The primary driver of fuel cell market is favorable government norms and policies which fuels the investments, thereby escalating its market growth in the region. The Government funds the private players to invest in the adoption, research and development and expansion of fuel cells.
Rising utilization of fuel cells in transportation with the growth of electric vehicles and hybrid vehicles, logistics and other industries grew its demand in the region. The use of hydrogen & fuel cell cars and buses led to zero emissions and reduced carbon dioxide in the environment. Moreover, the growing automotive sector, installations of power plants and data centers has driven the market at a significant pace. The development of hydrogen refueling infrastructures along with rising demand for space heating across both commercial and residential establishments have paved the way for fuel cell market growth.
1. NORTH
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 AND 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. NORTH
AMERICA FUEL CELL INDUSTRY OUTLOOK - BY APPLICATION
3.1. TRANSPORTATION
3.2. STATIONARY
3.3. PORTABLE
4. NORTH
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. NORTH
AMERICA FUEL CELL INDUSTRY – REGIONAL OUTLOOK
5.1. UNITED
STATES
5.2. CANADA
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: NORTH AMERICA FUEL
CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: PROMINENT INVESTMENT
IN FUEL CELLS
TABLE 3: FUEL CELL
TECHNOLOGIES OFFICE R&D BUDGET IN UNITED STATES, 2015-2017 ($ MILLIONS)
TABLE 4: VENDOR SCORECARD
TABLE 5: REGULATORY FRAMEWORK
TABLE 6: TYPICAL STACK SIZE OF
DIFFERENT FUEL CELL TECHNOLOGIES
TABLE 7: ENERGY CONVERSION
EFFICIENCY OF DIFFERENT ENERGY SOURCES
TABLE 8: ESTIMATED NUMBER OF
FCEV’S ON ROAD IN KEY GEOGRAPHIES, 2014- 2020
TABLE 9: NORTH AMERICA FUEL
CELL MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 10: NORTH AMERICA FUEL
CELL MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 11: NORTH AMERICA FUEL
CELL MARKET, BY TYPE, 2019-2027 (IN $ MILLION)
FIGURE 1: NORTH 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: NORTH AMERICA FUEL
CELL MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)
FIGURE 10: NORTH AMERICA FUEL
CELL MARKET, BY STATIONARY, 2019-2027 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FUEL
CELL MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)
FIGURE 12: NORTH AMERICA FUEL
CELL MARKET, BY SOLID OXIDE FUEL CELLS (SOFC), 2019-2027 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FUEL
CELL MARKET, BY PHOSPHORIC ACID FUEL CELLS (PAFC), 2019-2027 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FUEL
CELL MARKET, BY MOLTEN CARBONATE FUEL CELLS (MCFC), 2019-2027 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FUEL
CELL MARKET, BY PROTON EXCHANGE MEMBRANE FUEL
CELLS (PEMFC), 2019-2027 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FUEL
CELL MARKET, BY OTHER FUEL CELLS, 2019-2027 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FUEL
CELL MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 18: UNITED STATES FUEL
CELL MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: CANADA FUEL CELL
MARKET, 2019-2027 (IN $ MILLION)