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Fuel Cell Power System Market: Global Opportunity Analysis and Industry Forecast, 2024-2030

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    Report

  • 340 Pages
  • September 2024
  • Region: Global
  • Allied Market Research
  • ID: 6054064

Fuel Cell Power System Market

The fuel cell power system market was valued at $4.9 billion in 2023 and is projected to reach $15.2 billion by 2030, growing at a CAGR of 17.7% from 2024 to 2030.

A fuel cell power system is an energy generation arrangement that uses hydrogen as the primary fuel source. Direct current electricity is generated by the system via electrochemical reactions that occur inside the fuel cell. The major components of a fuel cell power system include fuel cell, air supply system, hydrogen supply system, power conditioning equipment, and cooling system. It finds application in portable devices, transportation, backup power systems, and industrial operations.

Increase in environmental concerns has boosted the demand for clean energy systems, propelling the growth of the fuel cell power system market. In addition, rise in governmental support in the form of schemes, incentives, and subsidies fuels the adoption of fuel cell power systems, augmenting the development of the market significantly. Furthermore, upsurge in requirement for energy security and independence among industries is a key driver of the market. In recent times, the assimilation of nanotechnology into fuel cells is trending in the market. Manufacturers are striving to develop fuel cell membranes embedded with nanomaterials to develop resistance toward hydrogen gas and extend the durability of the system.

However, the installation and maintenance of fuel cell systems is more intricate and expensive as compared to conventional power systems, hindering the growth of the market. Moreover, lack of refueling infrastructure globally limits the adoption of fuel cell power systems in automotive, thereby restraining the market development. On the contrary, rise in investments in hydrogen economy and the expected upsurge in requirement for clean hydrogen are projected to open new avenues for the fuel cell power system market. According to McKinsey, the demand for clean hydrogen is projected to increase up to 125-585 Mtpa by 2050. Catering to this demand is projected to present lucrative opportunities for the market growth.

Segment Review

The fuel cell power system market is segmented into fuel cell type, application, and region. On the basis of fuel cell type, the market is segmented into solid oxide fuel cell (SOFC), proton exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), phosphoric acid fuel cell (PAFC), and others. Depending on application, it is divided into residential, commercial, and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of fuel cell type, the proton exchange membrane fuel cell (PEMFC) segment held a high share of the market in 2023.

Depending on application, the industrial segment acquired a high stake in the market in 2023.

Region wise, Asia-Pacific was the highest revenue generator in 2023.

Competition Analysis

The major players of the global fuel cell power system market include Ballard Power Systems, Toshiba Corporation, Panasonic Life Solutions India Pvt. Ltd., Fuji Electric Co., Ltd., Nuvera Fuel Cells, LLC, Bloom Energy, JX Nippon Oil & Gas Exploration Corporation, Fuel Cell Energy, Inc., Plug Power Inc., and Doosan Fuel Cell Co., Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

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Key Market Segments

By Fuel Cell Type

  • Solid Oxide Fuel Cell (SOFC)
  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Molten Carbonate Fuel Cell (MCFC)
  • Phosphoric Acid Fuel Cell (PAFC)
  • Others

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • Ballard Power Systems
  • TOSHIBA CORPORATION
  • Panasonic Life Solutions India Pvt. Ltd
  • Fuji Electric Co., Ltd.
  • NUVERA FUEL CELLS, LLC
  • Bloom Energy
  • JX Nippon Oil & Gas Exploration Corporation
  • Fuel Cell Energy, Inc.
  • Plug Power Inc.
  • Doosan Fuel Cell Co., Ltd.

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: FUEL CELL POWER SYSTEM MARKET, BY FUEL CELL TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Fuel Cell Type
4.2. Solid Oxide Fuel Cell (SOFC)
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Proton Exchange Membrane Fuel Cell (PEMFC)
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.4. Molten Carbonate Fuel Cell (MCFC)
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, By Region
4.4.3. Market Share Analysis, By Country
4.5. Phosphoric Acid Fuel Cell (PAFC)
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, By Region
4.5.3. Market Share Analysis, By Country
4.6. Others
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast, By Region
4.6.3. Market Share Analysis, By Country
CHAPTER 5: FUEL CELL POWER SYSTEM MARKET, BY APPLICATION
5.1. Market Overview
5.1.1 Market Size and Forecast, By Application
5.2. Residential
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Commercial
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Industrial
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
CHAPTER 6: FUEL CELL POWER SYSTEM MARKET, BY REGION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, By Fuel Cell Type
6.2.3. Market Size and Forecast, By Application
6.2.4. Market Size and Forecast, By Country
6.2.5. U.S. Fuel Cell Power System Market
6.2.5.1. Market Size and Forecast, By Fuel Cell Type
6.2.5.2. Market Size and Forecast, By Application
6.2.6. Canada Fuel Cell Power System Market
6.2.6.1. Market Size and Forecast, By Fuel Cell Type
6.2.6.2. Market Size and Forecast, By Application
6.2.7. Mexico Fuel Cell Power System Market
6.2.7.1. Market Size and Forecast, By Fuel Cell Type
6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, By Fuel Cell Type
6.3.3. Market Size and Forecast, By Application
6.3.4. Market Size and Forecast, By Country
6.3.5. France Fuel Cell Power System Market
6.3.5.1. Market Size and Forecast, By Fuel Cell Type
6.3.5.2. Market Size and Forecast, By Application
6.3.6. Germany Fuel Cell Power System Market
6.3.6.1. Market Size and Forecast, By Fuel Cell Type
6.3.6.2. Market Size and Forecast, By Application
6.3.7. UK Fuel Cell Power System Market
6.3.7.1. Market Size and Forecast, By Fuel Cell Type
6.3.7.2. Market Size and Forecast, By Application
6.3.8. Russia Fuel Cell Power System Market
6.3.8.1. Market Size and Forecast, By Fuel Cell Type
6.3.8.2. Market Size and Forecast, By Application
6.3.9. Rest Of Europe Fuel Cell Power System Market
6.3.9.1. Market Size and Forecast, By Fuel Cell Type
6.3.9.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, By Fuel Cell Type
6.4.3. Market Size and Forecast, By Application
6.4.4. Market Size and Forecast, By Country
6.4.5. China Fuel Cell Power System Market
6.4.5.1. Market Size and Forecast, By Fuel Cell Type
6.4.5.2. Market Size and Forecast, By Application
6.4.6. Japan Fuel Cell Power System Market
6.4.6.1. Market Size and Forecast, By Fuel Cell Type
6.4.6.2. Market Size and Forecast, By Application
6.4.7. India Fuel Cell Power System Market
6.4.7.1. Market Size and Forecast, By Fuel Cell Type
6.4.7.2. Market Size and Forecast, By Application
6.4.8. South Korea Fuel Cell Power System Market
6.4.8.1. Market Size and Forecast, By Fuel Cell Type
6.4.8.2. Market Size and Forecast, By Application
6.4.9. Australia Fuel Cell Power System Market
6.4.9.1. Market Size and Forecast, By Fuel Cell Type
6.4.9.2. Market Size and Forecast, By Application
6.4.10. Rest of Asia-Pacific Fuel Cell Power System Market
6.4.10.1. Market Size and Forecast, By Fuel Cell Type
6.4.10.2. Market Size and Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, By Fuel Cell Type
6.5.3. Market Size and Forecast, By Application
6.5.4. Market Size and Forecast, By Country
6.5.5. Brazil Fuel Cell Power System Market
6.5.5.1. Market Size and Forecast, By Fuel Cell Type
6.5.5.2. Market Size and Forecast, By Application
6.5.6. South Africa Fuel Cell Power System Market
6.5.6.1. Market Size and Forecast, By Fuel Cell Type
6.5.6.2. Market Size and Forecast, By Application
6.5.7. Saudi Arabia Fuel Cell Power System Market
6.5.7.1. Market Size and Forecast, By Fuel Cell Type
6.5.7.2. Market Size and Forecast, By Application
6.5.8. Rest of LAMEA Fuel Cell Power System Market
6.5.8.1. Market Size and Forecast, By Fuel Cell Type
6.5.8.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping Of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Ballard Power Systems
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. TOSHIBA CORPORATION
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Business Performance
8.2.7. Key Strategic Moves and Developments
8.3. Panasonic Life Solutions India Pvt. Ltd
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.3.7. Key Strategic Moves and Developments
8.4. Fuji Electric Co., Ltd.
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves and Developments
8.5. NUVERA FUEL CELLS, LLC
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. Bloom Energy
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. Business Performance
8.6.7. Key Strategic Moves and Developments
8.7. JX Nippon Oil And Gas Exploration Corporation
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Business Performance
8.7.7. Key Strategic Moves and Developments
8.8. Fuel Cell Energy, Inc.
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Business Performance
8.8.7. Key Strategic Moves and Developments
8.9. Plug Power Inc.
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. Doosan Fuel Cell Co., Ltd.
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. Business Performance
8.10.7. Key Strategic Moves and Developments
LIST OF TABLES
Table 1. Global Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 2. Fuel Cell Power System Market for Solid Oxide Fuel Cell (Sofc), by Region, 2024 - 2030 ($Billion)
Table 3. Fuel Cell Power System Market for Proton Exchange Membrane Fuel Cell (Pemfc), by Region, 2024 - 2030 ($Billion)
Table 4. Fuel Cell Power System Market for Molten Carbonate Fuel Cell (Mcfc), by Region, 2024 - 2030 ($Billion)
Table 5. Fuel Cell Power System Market for Phosphoric Acid Fuel Cell (Pafc), by Region, 2024 - 2030 ($Billion)
Table 6. Fuel Cell Power System Market for Others, by Region, 2024 - 2030 ($Billion)
Table 7. Global Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 8. Fuel Cell Power System Market for Residential, by Region, 2024 - 2030 ($Billion)
Table 9. Fuel Cell Power System Market for Commercial, by Region, 2024 - 2030 ($Billion)
Table 10. Fuel Cell Power System Market for Industrial, by Region, 2024 - 2030 ($Billion)
Table 11. Fuel Cell Power System Market, by Region, 2024 - 2030 ($Billion)
Table 12. North America Fuel Cell Power System Market, by Country, 2024 - 2030 ($Billion)
Table 13. North America Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 14. North America Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 15. U.S. Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 16. U.S. Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 17. Canada Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 18. Canada Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 19. Mexico Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 20. Mexico Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 21. Europe Fuel Cell Power System Market, by Country, 2024 - 2030 ($Billion)
Table 22. Europe Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 23. Europe Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 24. France Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 25. France Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 26. Germany Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 27. Germany Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 28. UK Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 29. UK Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 30. Russia Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 31. Russia Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 32. Rest of Europe Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 33. Rest of Europe Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 34. Asia-Pacific Fuel Cell Power System Market, by Country, 2024 - 2030 ($Billion)
Table 35. Asia-Pacific Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 36. Asia-Pacific Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 37. China Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 38. China Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 39. Japan Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 40. Japan Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 41. India Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 42. India Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 43. South Korea Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 44. South Korea Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 45. Australia Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 46. Australia Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 47. Rest of Asia-Pacific Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 48. Rest of Asia-Pacific Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 49. LAMEA Fuel Cell Power System Market, by Country, 2024 - 2030 ($Billion)
Table 50. LAMEA Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 51. LAMEA Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 52. Brazil Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 53. Brazil Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 54. South Africa Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 55. South Africa Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 56. Saudi Arabia Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 57. Saudi Arabia Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 58. Rest of LAMEA Fuel Cell Power System Market, by Fuel Cell Type, 2024 - 2030 ($Billion)
Table 59. Rest of LAMEA Fuel Cell Power System Market, by Application, 2024 - 2030 ($Billion)
Table 60. Ballard Power Systems: Key Executives
Table 61. Ballard Power Systems: Company Snapshot
Table 62. Ballard Power Systems: Operating Segments
Table 63. Ballard Power Systems: Product Portfolio
Table 64. Ballard Power Systems: Key Strategic Moves and Developments
Table 65. Toshiba Corporation: Key Executives
Table 66. Toshiba Corporation: Company Snapshot
Table 67. Toshiba Corporation: Operating Segments
Table 68. Toshiba Corporation: Product Portfolio
Table 69. Toshiba Corporation: Key Strategic Moves and Developments
Table 70. Panasonic Life Solutions India Pvt. Ltd.: Key Executives
Table 71. Panasonic Life Solutions India Pvt. Ltd.: Company Snapshot
Table 72. Panasonic Life Solutions India Pvt. Ltd.: Operating Segments
Table 73. Panasonic Life Solutions India Pvt. Ltd.: Product Portfolio
Table 74. Panasonic Life Solutions India Pvt. Ltd.: Key Strategic Moves and Developments
Table 75. Fuji Electric Co. Ltd.: Key Executives
Table 76. Fuji Electric Co. Ltd.: Company Snapshot
Table 77. Fuji Electric Co. Ltd.: Operating Segments
Table 78. Fuji Electric Co. Ltd.: Product Portfolio
Table 79. Fuji Electric Co. Ltd.: Key Strategic Moves and Developments
Table 80. Nuvera Fuel Cells, LLC: Key Executives
Table 81. Nuvera Fuel Cells, LLC: Company Snapshot
Table 82. Nuvera Fuel Cells, LLC: Operating Segments
Table 83. Nuvera Fuel Cells, LLC: Product Portfolio
Table 84. Nuvera Fuel Cells, LLC: Key Strategic Moves and Developments
Table 85. Bloom Energy: Key Executives
Table 86. Bloom Energy: Company Snapshot
Table 87. Bloom Energy: Operating Segments
Table 88. Bloom Energy: Product Portfolio
Table 89. Bloom Energy: Key Strategic Moves and Developments
Table 90. Jx Nippon Oil and Gas Exploration Corporation: Key Executives
Table 91. Jx Nippon Oil and Gas Exploration Corporation: Company Snapshot
Table 92. Jx Nippon Oil and Gas Exploration Corporation: Operating Segments
Table 93. Jx Nippon Oil and Gas Exploration Corporation: Product Portfolio
Table 94. Jx Nippon Oil and Gas Exploration Corporation: Key Strategic Moves and Developments
Table 95. Fuel Cell Energy, Inc.: Key Executives
Table 96. Fuel Cell Energy, Inc.: Company Snapshot
Table 97. Fuel Cell Energy, Inc.: Operating Segments
Table 98. Fuel Cell Energy, Inc.: Product Portfolio
Table 99. Fuel Cell Energy, Inc.: Key Strategic Moves and Developments
Table 100. Plug Power Inc.: Key Executives
Table 101. Plug Power Inc.: Company Snapshot
Table 102. Plug Power Inc.: Operating Segments
Table 103. Plug Power Inc.: Product Portfolio
Table 104. Plug Power Inc.: Key Strategic Moves and Developments
Table 105. Doosan Fuel Cell Co. Ltd.: Key Executives
Table 106. Doosan Fuel Cell Co. Ltd.: Company Snapshot
Table 107. Doosan Fuel Cell Co. Ltd.: Operating Segments
Table 108. Doosan Fuel Cell Co. Ltd.: Product Portfolio
Table 109. Doosan Fuel Cell Co. Ltd.: Key Strategic Moves and Developments
LIST OF FIGURES
Figure 1. Global Fuel Cell Power System Market, 2024 - 2030
Figure 2. Segmentation of Fuel Cell Power System Market, 2024 - 2030
Figure 3. Top Investment Pocket in Fuel Cell Power System Market
Figure 4. Moderate Bargaining Power of Buyers
Figure 5. Moderate Bargaining Power of Suppliers
Figure 6. Moderate Threat of New Entrants
Figure 7. Low Threat of Substitution
Figure 8. High Competitive Rivalry
Figure 9. Opportunities, Restraints and Drivers: Globalfuel Cell Power System Market
Figure 10. Global Fuel Cell Power System Market Segmentation, by Fuel Cell Type
Figure 11. Fuel Cell Power System Market for Solid Oxide Fuel Cell (Sofc), by Country, 2024 - 2030 ($Billion)
Figure 12. Fuel Cell Power System Market for Proton Exchange Membrane Fuel Cell (Pemfc), by Country, 2024 - 2030 ($Billion)
Figure 13. Fuel Cell Power System Market for Molten Carbonate Fuel Cell (Mcfc), by Country, 2024 - 2030 ($Billion)
Figure 14. Fuel Cell Power System Market for Phosphoric Acid Fuel Cell (Pafc), by Country, 2024 - 2030 ($Billion)
Figure 15. Fuel Cell Power System Market for Others, by Country, 2024 - 2030 ($Billion)
Figure 16. Global Fuel Cell Power System Market Segmentation, by Application
Figure 17. Fuel Cell Power System Market for Residential, by Country, 2024 - 2030 ($Billion)
Figure 18. Fuel Cell Power System Market for Commercial, by Country, 2024 - 2030 ($Billion)
Figure 19. Fuel Cell Power System Market for Industrial, by Country, 2024 - 2030 ($Billion)
Figure 20. Top Winning Strategies, by Year, 2021-2023*
Figure 21. Top Winning Strategies, by Development, 2021-2023*
Figure 22. Top Winning Strategies, by Company, 2021-2023*
Figure 23. Product Mapping of Top 10 Players
Figure 24. Competitive Dashboard
Figure 25. Competitive Heatmap: Fuel Cell Power System Market
Figure 26. Top Player Positioning, 2023
Figure 27. Ballard Power Systems: Net Sales, 2021-2023 ($Billion)
Figure 28. Ballard Power Systems: Revenue Share, by Segment, 2023 (%)
Figure 29. Ballard Power Systems: Revenue Share, by Region, 2023 (%)
Figure 30. Toshiba Corporation: Net Sales, 2021-2023 ($Billion)
Figure 31. Toshiba Corporation: Revenue Share, by Segment, 2023 (%)
Figure 32. Toshiba Corporation: Revenue Share, by Region, 2023 (%)
Figure 33. Panasonic Life Solutions India Pvt. Ltd.: Net Sales, 2021-2023 ($Billion)
Figure 34. Panasonic Life Solutions India Pvt. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 35. Panasonic Life Solutions India Pvt. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 36. Fuji Electric Co. Ltd.: Net Sales, 2021-2023 ($Billion)
Figure 37. Fuji Electric Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 38. Fuji Electric Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 39. Nuvera Fuel Cells, LLC: Net Sales, 2021-2023 ($Billion)
Figure 40. Nuvera Fuel Cells, LLC: Revenue Share, by Segment, 2023 (%)
Figure 41. Nuvera Fuel Cells, LLC: Revenue Share, by Region, 2023 (%)
Figure 42. Bloom Energy: Net Sales, 2021-2023 ($Billion)
Figure 43. Bloom Energy: Revenue Share, by Segment, 2023 (%)
Figure 44. Bloom Energy: Revenue Share, by Region, 2023 (%)
Figure 45. Jx Nippon Oil and Gas Exploration Corporation: Net Sales, 2021-2023 ($Billion)
Figure 46. Jx Nippon Oil and Gas Exploration Corporation: Revenue Share, by Segment, 2023 (%)
Figure 47. Jx Nippon Oil and Gas Exploration Corporation: Revenue Share, by Region, 2023 (%)
Figure 48. Fuel Cell Energy, Inc.: Net Sales, 2021-2023 ($Billion)
Figure 49. Fuel Cell Energy, Inc.: Revenue Share, by Segment, 2023 (%)
Figure 50. Fuel Cell Energy, Inc.: Revenue Share, by Region, 2023 (%)
Figure 51. Plug Power Inc.: Net Sales, 2021-2023 ($Billion)
Figure 52. Plug Power Inc.: Revenue Share, by Segment, 2023 (%)
Figure 53. Plug Power Inc.: Revenue Share, by Region, 2023 (%)
Figure 54. Doosan Fuel Cell Co. Ltd.: Net Sales, 2021-2023 ($Billion)
Figure 55. Doosan Fuel Cell Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 56. Doosan Fuel Cell Co. Ltd.: Revenue Share, by Region, 2023 (%)

Companies Mentioned

  • Ballard Power Systems
  • TOSHIBA CORPORATION
  • Panasonic Life Solutions India Pvt. Ltd
  • Fuji Electric Co., Ltd.
  • NUVERA FUEL CELLS, LLC
  • Bloom Energy
  • JX Nippon Oil & Gas Exploration Corporation
  • Fuel Cell Energy, Inc.
  • Plug Power Inc.
  • Doosan Fuel Cell Co., Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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