Fuel Cell Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Development of Zero Energy Homes to boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Fuel Cell Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the fuel cell market and it is poised to grow by 2280.21 MW during 2020-2024, progressing at a CAGR of almost 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The PEMFC segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Rising incentives to increase adoption of fuel cell vehicles is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 25%, the incremental growth of the market is anticipated to be 2280.21 MW.
  • Who are the top players in the market?
  • Aisin Seiki Co. Ltd., Ballard Power Systems Inc., Bloom Energy, FuelCell Energy Inc., Panasonic Corp., Proton Power Systems Plc, SFC Energy AG, Siemens AG, Toshiba Energy Systems & Solutions Corp., and Watt Fuel Cell Corp. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Development of zero energy homes is one of the major factors driving the market. However, the high cost of fuel cell restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Seiki Co. Ltd., Ballard Power Systems Inc., Bloom Energy, FuelCell Energy Inc., Panasonic Corp., Proton Power Systems Plc, SFC Energy AG, Siemens AG, Toshiba Energy Systems & Solutions Corp., and Watt Fuel Cell Corp. are some of the major market participants. The development of zero energy homes will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Fuel Cell Market 2020-2024: Segmentation

Fuel Cell Market is segmented as below:

  • Product
    • PEMFC
    • PAFC
    • SOFC
    • Others
  • Geography
    • APAC
    • Americas
    • EMEA
  • Application
    • Transport
    • Stationary
    • Portable

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43911

Fuel Cell Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fuel cell market report covers the following areas:

  • Fuel Cell Market Size
  • Fuel Cell Market Trends
  • Fuel Cell Market Analysis

This study identifies rising incentives to increase adoption of fuel cell vehicles as one of the prime reasons driving the fuel cell market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Fuel Cell Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist fuel cell market growth during the next five years
  • Estimation of the fuel cell market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the fuel cell market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fuel cell market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook
  • Market size and forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • PEMFC - Market size and forecast 2019-2024
  • PAFC - Market size and forecast 2019-2024
  • SOFC - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Transport - Market size and forecast 2019-2024
  • Stationary - Market size and forecast 2019-2024
  • Portable - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Americas - Market size and forecast 2019-2024
  • EMEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Volume driver – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aisin Seiki Co. Ltd.
  • Ballard Power Systems Inc.
  • Bloom Energy
  • FuelCell Energy Inc.
  • Panasonic Corp.
  • Proton Power Systems Plc
  • SFC Energy AG
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corp.
  • Watt Fuel Cell Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Fuel Cell Market will grow by 2280.21 MW during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/