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The fuel cells for marine vessels market is forecasted to grow by USD 188.58 million during 2023-2028, accelerating at a CAGR of 6.82% during the forecast period. The report on the fuel cells for marine vessels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for alternate propulsion systems, rapid developments in marine propulsion industry, and regulatory policies on emission control.
The fuel cells for marine vessels market is segmented as below:
By Application
- Commercial
- Military
- Others
By Technology
- PEMFC
- SOFC
- Other fuel cells
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The report on the fuel cells for marine vessels market covers the following areas:
- Fuel cells for marine vessels market sizing
- Fuel cells for marine vessels market forecast
- Fuel cells for marine vessels market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The analyst recognizes the following companies as the key players in the global fuel cells for marine vessels market: ABB Ltd., Advent Technologies Holdings Inc., Ballard Power Systems Inc., Bloom Energy Corp., Cummins Inc., Echandia Marine AB, General Electric Co., Hyster Yale Materials Handling Inc., Intelligent Energy Ltd., MEYER WERFT GmbH and Co. KG, Nedstack Fuel Cell Technology BV, Nuvera Fuel Cells LLC, Plug Power Inc., Proton Motor Power Systems PLC, SFC Energy AG, Siemens AG, Sunfire GmbH, TECO 2030 ASA, Watt Fuel Cell Corp., and Toshiba Corp.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing R&D activities in fuel cell technology.'
According to the report, one of the major drivers for this market is the demand for alternate propulsion systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Advent Technologies Holdings Inc.
- Ballard Power Systems Inc.
- Bloom Energy Corp.
- Cummins Inc.
- Echandia Marine AB
- General Electric Co.
- Hyster Yale Materials Handling Inc.
- Intelligent Energy Ltd.
- MEYER WERFT GmbH and Co. KG
- Nedstack Fuel Cell Technology BV
- Nuvera Fuel Cells LLC
- Plug Power Inc.
- Proton Motor Power Systems PLC
- SFC Energy AG
- Siemens AG
- Sunfire GmbH
- TECO 2030 ASA
- Watt Fuel Cell Corp.
- Toshiba Corp.
