Fuel Cell Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global fuel cell market provides qualitative and quantitative analysis for the period from 2021-2030. The report predicts the global fuel cell market to grow with a CAGR of About 25% over the forecast period from 2023-2030. The study on fuel cell market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on fuel cell market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global fuel cell market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global fuel cell market over the period of 2021-2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Growing focus on clean energy generation for transportation & power generation is expected to drive market growth.
• Government policies to promote clean transport are expected to boost the market growth.

2) Restraints

• The high cost of the fuel cell hampers the market growth.

3) Opportunities

• Investments in R&D activities pertaining to fuel cell technology create ample growth opportunities for the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global fuel cell market is segmented on the basis of type, and application.

The Global Fuel Cell Market by Type

• Proton Exchange Membrane Fuel Cell
• Phosphoric Acid Fuel Cell
• Alkaline Fuel Cell
• Microbial Fuel Cell

The Global Fuel Cell Market by Application

• Transport
• Stationary
• Portable

Company Profiles

The companies covered in the report include

• Ballard Power Systems
• Bloom Energy
• Plug Power Inc.
• SFC Energy AG
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Intelligent Energy Limited
• Toshiba Energy Systems & Solutions Corporation
• Doosan Fuel Cell Co., Ltd
• Nedstack Fuel Cell Technology BV
• NUVERA FUEL CELLS, LLC

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the fuel cell market.
2. Complete coverage of all the segments in the fuel cell market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global fuel cell market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.