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Global Fuel Cells Market to Reach US$20.2 Billion by the Year 2026

·26-min read

Abstract: Global Fuel Cells Market to Reach US$20. 2 Billion by the Year 2026 . Fuel cells are designed to generate electricity through eco-friendly methods without releasing harmful greenhouse gases.

New York, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Fuel Cells Industry" - https://www.reportlinker.com/p05379572/?utm_source=GNW
Growth in the global market is set to be driven by rising focus on alternative energy sources, efforts to de-carbonize energy usage, adoption of hydrogen in transportation and government regulations. Strong support extended by governments the world over, increased R&D funding for fuel cell research projects, reformation in emission legislations, and ensuing boost given to high profile fuel cell projects, are all factors driving growth in the industry. The technology is garnering attention owing to rising awareness regarding various advantages of these cells, private/public partnerships, and low environmental impact. Various governments are developing policies and frameworks and offering funding to support R&D in this direction. Fuel cells have enormous potential for power generation purposes, in large-scale power projects, combined heat and generation (CHP) programs and in distributed power systems, since several developing countries face energy shortages and deficient grid-based systems. Unlike conventional batteries, fuel cells can continuously generate power provided the source fuel supply is available, thus making them suitable for varied applications. Rising demand for portable devices constitutes another major driver of growth in the fuel calls market. Given the higher energy density of fuel cells compared to batteries, these are emerging as ideal alternatives for use in portable electronic devices.

Amid the COVID-19 crisis, the global market for Fuel Cells estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$20.2 Billion by 2026, growing at a CAGR of 17.9% over the analysis period. Proton Exchange Membrane, one of the segments analyzed in the report, is projected to grow at a 17.9% CAGR to reach US$15.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Phosphoric Acid segment is readjusted to a revised 18.2% CAGR for the next 7-year period. This segment currently accounts for a 12.3% share of the global Fuel Cells market. Based on their lightweight nature and ability to curb greenhouse gas emissions, proton exchange membrane fuel cells are commonly used in transportation applications. Some of the other major applications of these cells include portable and stationary or distributed electricity generation. The segment growth is anticipated to be bolstered by increasing requirement of large-scale multi-megawatt power generation units to serve off-grid and remote areas.

The U.S. Market is Estimated at $2 Billion in 2021, While China is Forecast to Reach $2.7 Billion by 2026

The Fuel Cells market in the U.S. is estimated at US$2 Billion in the year 2021. The country currently accounts for a 24.31% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2026 trailing a CAGR of 25.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15% and 17.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17% CAGR while Rest of European market (as defined in the study) will reach US$3.5 Billion by the end of the analysis period. In North America, market growth benefits from the rising acceptance of EVs, technological advances, favorable regulations, federal government investments, presence of major players and public/private partnerships. Growth in Asia-Pacific is supported by the escalating need to reduce energy consumption in various end-use sectors, rising demand for clean energy solutions, and persistent increase in investments and technology advancements associated with fuel cell technology. In Japan, growing concerns over supply security associated with petroleum fuels is driving a shift towards clean energy technologies, thus fueling growth in the fuel cells market. The market is also being bolstered by the availability of capital subsidies for local manufacturers of fuel cells.

Molten Carbonate Segment to Reach $1.9 Billion by 2026

In the global Molten Carbonate segment, USA, Canada, Japan, China and Europe will drive the 16% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$642.6 Million in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$300.9 Million by the year 2026.
Select Competitors (Total 151 Featured)

  • AFC Energy Plc

  • Air Liquide S.A.

  • Ballard Power Systems, Inc.

  • Bloom Energy Corporation

  • Ceres Power Holdings plc

  • Doosan Fuel Cell America, Inc.

  • FuelCell Energy, Inc.

  • Horizon Fuel Cell Technologies Pte Ltd.

  • Hydrogenics Corporation

  • ITM Power Plc

  • Mitsubishi Heavy Industries Ltd.

  • Mitsubishi Hitachi Power Systems, Ltd.

  • Nuvera Fuel Cells, LLC

  • Plug Power Inc.

  • Proton OnSite

  • SFC Energy AG

  • Siemens Industry, Inc.

  • Teledyne Energy Systems, Inc.

  • UltraCell LLC




Read the full report: https://www.reportlinker.com/p05379572/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Fuel Cell Shipments Exhibit a Deceleration amid the Pandemic
Fuel Cells Gain Prominence to Meet Additional Energy Requirements
SOFCs: Ensuring Uninterrupted Power Supply amid COVID-19
Intriguing Applications of SOFCs in Post-COVID-19 Scenario
Post-COVID-19 Developments Make Fuel Cells a More Dynamic Industry
Fuel Cells: An Introduction
Classification of Fuel Cells
Major Applications of Fuel Cells
Fuel Cells: Clean, Efficient, Reliable and Eco-friendly
Alternative to Conventional Petroleum-based Fuels
Fuel Cells Market: Prospects and Outlook
Major Market Drivers & Restraints
Government Subsidies to Promote Fuel Cell Technology
Increasing Adoption of EVs and Hybrid Vehicles
Strong Focus on Alternative Energy Sources
Potential for Use in Distributed Generation Applications
Increasing Popularity of Hydrogen Fuel
Stationary & PEM Fuel Cells and Fuel Cell Vehicles to Post
Solid Growth
Polymer Electrolyte Membrane Fuel Cell Dominates Fuel Cells Market
Stationary and Transport Applications Lead the Fuel Cells Market
Clean Energy Focus Drives Use of Fuel Cells in Transportation
Sector
Developed Economies at the Forefront of Innovation and Adoption
of Fuel Cells-based Applications
Developing Economies Emerge as Promising Regions for Fuel Cell
Adoption
Cost Reductions to Benefit Market Growth
EXHIBIT 2: Cost Structure of Fuel Cell: Breakdown (%) of Cost
by Key Components
Competitive Landscape
A Fairly Competitive Market
EXHIBIT 3: Revenues of Select Publicly Traded Fuel Cell
Companies for 2018 and 2019 (In $ Million)
Participants Focus on Product Innovation and Expansion to Gain
Competitive Edge
Recent Market Activity
Startups Enter the Fray
World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Ambitious Vision of an All-Hydrogen Economy Drives Interest in
Fuel Cells
Net Zero Carbon Goals and Favorable Government Policy Changes
Promote Adoption of Fuel Cell Technology
Carbon Neutrality Goals of Various Countries
Auto Industry Banks on Fuel Cells as a Sustainable Fuel
Technology of the Future
PEM Fuel Cells in Automobiles
Strong Investments to Promote Growth
Automakers Eye on Hydrogen Fuel Cells to Boost Gains in Post-
Pandemic Era
EXHIBIT 4: Global Sales of Hydrogen Fuel Cell Vehicles by Model
for 2019
EXHIBIT 5: Hydrogen Fuel cell Powered Vehicles Unveiled During
the Period 2014-2018
Hydrogen FCEVs Combat GHG Emissions
EXHIBIT 6: FCEV Targets Set by the Hydrogen Council for the
Years 2030 and 2050
EXHIBIT 7: Global Greenhouse Gas Emissions: Breakdown (in %) by
Sector for 2019
Hydrogen Refueling Infrastructure: Critical for the Success of
FCVs
EXHIBIT 8: Number of Public and Private Hydrogen Refueling
Stations by Region (As of 2019)
EXHIBIT 9: Top Countries in Terms of Number of Hydrogen
Refueling Stations (As of 2019-End)
High Costs: The Achilles Heel of Hydrogen Fuel cells
Deployments of Fuel Cell Electric Bus (FCEB)
Focus on Enhancing Durability and Lowering Cost of Fuel Cells
Increases
Hydrogen Fuel Cells for Motorbikes: An Opportunity to Tap
Fuel Cells Find Niche Applications in 2-Stroke Engine Motorcycles
Fuel Cell-Powered Trains and Trams: Tremendous Potential for
Fuel Cell Industry
Material Handling: A Successful Application of Fuel Cells
EXHIBIT 10: Global Material Handling Equipment Revenues
Estimates and Forecasts in US$ Billion: 2016-2024
EXHIBIT 11: Global e-Commerce Sales as Percentage of Total
Retail Sales (2015-2021E)
Marine Sector: A Nascent yet Promising Application of Fuel Cells
Need for Alternative Propulsion Solutions Drives Demand for
Fuel Cells in Marine Vessels Market
Expanding Applications in the Military Sector Augur Well for
the Market
A Glance at Use of Fuel Cell Systems in Select Military
Applications
Strong Demand for Portable Electronic Devices to Spur
Opportunities for Portable Fuel Cells
EXHIBIT 12: Global Consumer Electronics Market (In US$ Billion)
for the Years 2018- 2024
Environmental Benefits Drive Adoption of Fuel Cells in the
Power Sector
Rising Investments in Distributed Renewable Energy Generation
Enhances Prospects for Fuel Cells
EXHIBIT 13: Renewable Energy Consumption by Region (in Million
tonnes oil equivalent): 2008-2018
EXHIBIT 14: Global Energy Mix: 1990 Vs 2020 Vs 2030
EXHIBIT 15: Global Solar Power Market: Solar PV Capacity
(in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021
and 2023
EXHIBIT 16: Global Wind Power Market: Cumulated Installed
Capacity (in GW) for the Years 2012 through 2018
Demand Response: An Expanding Application for Fuel Cells
Aircraft Manufacturers Take a Closer Look at Fuel-Efficient and
Eco-Friendly Fuel Cells
Fuel Cells for Data Center Market to Witness Notable Expansion
EXHIBIT 17: Global Data centers Market Growth Outlook (In %)
For Years 2019 Through 2025
Stationary Fuel Cells Market: An Overview
Telecom Industry Moving towards Stationary Fuel Cells for
Backup Power
Stationary Fuel Cells Gather Steam in Backup and UPS Stationary
Applications
Residential Sector Drives Demand for Stationary Fuel Cells
Stationary and Distributed Energy Applications Garner Attention
MFCs Technology: Promising Source of Alternative Power
Technological Benefits Continue to Propel Micro Fuel Cells Market
Direct Methanol Fuel Cell Preferred Choice for Portable Devices
Broader Adoption in Key Applications Fuels PEM Fuel Cells Market
Alkaline Fuel Cell Market Heading for Massive Gains
SOFCs: A Technology of Interest to the Developed Countries
Key Applications of SOFCs
SOFCs Gather Momentum in Stationary Cogeneration/CHP Deployments
SOFCs: Ideal for Distributed Power Generation
Technology Innovations and Research Efforts in Fuel Cell Market -
A Review of Select Developments
Researchers Develop Proton-Driven Fuel Cell Technology for
Powering Space Shuttles
Boeing?s Insitu Improves Hydrogen Fuel Cell Propulsion System
for UAVs
Ballard Power Systems Joins Hand with W. L. Gore for Advancing
Fuel Cell Technology
A WSU Research Team Uses Molybdenum Doped Nickle Catalyst for
Making SOFCs more Efficient
Innovative Fuel Cell Technology to Improve Carbon Fuel
Utilization in DCFCs
Self-Healing Membrane to Potentially Extend Hydrogen Fuel
Cells’ Life
New Nanomaterial to Allow Cost-Efficient Production of Hydrogen
for Fuel Cell Cars
Researchers at NETL Develop Innovative Method to Improve SOFC
Performance
Advances in Nanotechnology Enables More Efficient Fuel Cell
Applications
Raw Material: A Review
Important Materials Used in Fuel Cells and Batteries
Challenges in Fuel Cell Commercialization

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Fuel Cells by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 2: World Historic Review for Fuel Cells by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 3: World 15-Year Perspective for Fuel Cells by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for Proton Exchange
Membrane by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Proton Exchange Membrane by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Proton Exchange Membrane
by Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for Phosphoric Acid by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Phosphoric Acid by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Phosphoric Acid by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Molten Carbonate
by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Molten Carbonate by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Molten Carbonate by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for Solid Oxide by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Solid Oxide by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 15: World 15-Year Perspective for Solid Oxide by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Other Types by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Other Types by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 18: World 15-Year Perspective for Other Types by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Stationary by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Stationary by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 21: World 15-Year Perspective for Stationary by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Transportation by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Transportation by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Transportation by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 25: World Current & Future Analysis for Portable by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 26: World Historic Review for Portable by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 27: World 15-Year Perspective for Portable by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Market Overview
EXHIBIT 18: Hydrogen Fuel cell Vehicle Sales (in Units) by
Model in the US for the Year 2020
EXHIBIT 19: Cumulative Hydrogen Fuel cell Vehicle Sales
(in Units) in the US for the Years 2016, 2018, and 2020
Unreliability of Power Grid Turns Focus onto Fuel Cells
Small Fuel Cell Sector Solidifies Presence in Market
Residential Sector Drives Stationary Fuel Cell Industry
Innovation in Mobile Technology Fuels Micro Cell Advancement
Government’s Vital Role in Promoting a Hydrogen Economy
Market Analytics
Table 28: USA Current & Future Analysis for Fuel Cells by Type -
Proton Exchange Membrane, Phosphoric Acid, Molten Carbonate,
Solid Oxide and Other Types - Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 29: USA Historic Review for Fuel Cells by Type - Proton
Exchange Membrane, Phosphoric Acid, Molten Carbonate, Solid
Oxide and Other Types Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 30: USA 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 31: USA Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 32: USA Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 33: USA 15-Year Perspective for Fuel Cells by Application -
Percentage Breakdown of Value Sales for Stationary,
Transportation and Portable for the Years 2012, 2021 & 2027

CANADA
Market Overview
Market Analytics
Table 34: Canada Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 35: Canada Historic Review for Fuel Cells by Type -
Proton Exchange Membrane, Phosphoric Acid, Molten Carbonate,
Solid Oxide and Other Types Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 36: Canada 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 37: Canada Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 38: Canada Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 39: Canada 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

JAPAN
Market Overview
Market Analytics
Table 40: Japan Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 41: Japan Historic Review for Fuel Cells by Type - Proton
Exchange Membrane, Phosphoric Acid, Molten Carbonate, Solid
Oxide and Other Types Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 42: Japan 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 43: Japan Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 44: Japan Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 45: Japan 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

CHINA
Market Overview
Transportation: The Major Application Segment for Fuel Cells
Hydrogen Fuel cells Market in China: An Overview
EXHIBIT 20: Hydrogen Fuel-Cell Vehicles Production in China
(in Units) for the Years 2016-2019
Market Analytics
Table 46: China Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 47: China Historic Review for Fuel Cells by Type - Proton
Exchange Membrane, Phosphoric Acid, Molten Carbonate, Solid
Oxide and Other Types Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 48: China 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 49: China Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 50: China Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 51: China 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

EUROPE
Europe: A Major Market for Fuel Cells
COVID-19 Outbreak to Curtails Market Momentum
A Review of the European SOFCs Market
Stationary SOFC Systems on the Upward Trajectory
FCH JU Projects Foster Fuel Cell Micro CHP Installations
Market Analytics
Table 52: Europe Current & Future Analysis for Fuel Cells by
Geographic Region - France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 53: Europe Historic Review for Fuel Cells by Geographic
Region - France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets - Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR

Table 54: Europe 15-Year Perspective for Fuel Cells by
Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2021 & 2027

Table 55: Europe Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 56: Europe Historic Review for Fuel Cells by Type -
Proton Exchange Membrane, Phosphoric Acid, Molten Carbonate,
Solid Oxide and Other Types Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 57: Europe 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 58: Europe Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 59: Europe Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 60: Europe 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

FRANCE
Market Overview
Market Analytics
Table 61: France Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 62: France Historic Review for Fuel Cells by Type -
Proton Exchange Membrane, Phosphoric Acid, Molten Carbonate,
Solid Oxide and Other Types Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 63: France 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 64: France Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 65: France Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 66: France 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

GERMANY
Germany: A Technology Leader in Hydrogen and Fuel Cells
Market Analytics
Table 67: Germany Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 68: Germany Historic Review for Fuel Cells by Type -
Proton Exchange Membrane, Phosphoric Acid, Molten Carbonate,
Solid Oxide and Other Types Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 69: Germany 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 70: Germany Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 71: Germany Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 72: Germany 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

ITALY
Table 73: Italy Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 74: Italy Historic Review for Fuel Cells by Type - Proton
Exchange Membrane, Phosphoric Acid, Molten Carbonate, Solid
Oxide and Other Types Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 75: Italy 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 76: Italy Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 77: Italy Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 78: Italy 15-Year Perspective for Fuel Cells by
Application - Percentage Breakdown of Value Sales for
Stationary, Transportation and Portable for the Years 2012,
2021 & 2027

UNITED KINGDOM
Hydrogen and Fuel Cells: Growth Opportunities in the UK
Government Funding Programs for Hydrogen Vehicles and
Infrastructure
Market Analytics
Table 79: UK Current & Future Analysis for Fuel Cells by Type -
Proton Exchange Membrane, Phosphoric Acid, Molten Carbonate,
Solid Oxide and Other Types - Independent Analysis of Annual
Sales in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 80: UK Historic Review for Fuel Cells by Type - Proton
Exchange Membrane, Phosphoric Acid, Molten Carbonate, Solid
Oxide and Other Types Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 81: UK 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027

Table 82: UK Current & Future Analysis for Fuel Cells by
Application - Stationary, Transportation and Portable -
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 83: UK Historic Review for Fuel Cells by Application -
Stationary, Transportation and Portable Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 84: UK 15-Year Perspective for Fuel Cells by Application -
Percentage Breakdown of Value Sales for Stationary,
Transportation and Portable for the Years 2012, 2021 & 2027

SPAIN
Table 85: Spain Current & Future Analysis for Fuel Cells by
Type - Proton Exchange Membrane, Phosphoric Acid, Molten
Carbonate, Solid Oxide and Other Types - Independent Analysis
of Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 86: Spain Historic Review for Fuel Cells by Type - Proton
Exchange Membrane, Phosphoric Acid, Molten Carbonate, Solid
Oxide and Other Types Markets - Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 87: Spain 15-Year Perspective for Fuel Cells by Type -
Percentage Breakdown of Value Sales for Proton Exchange
Membrane, Phosphoric Acid, Molten Carbonate, Solid Oxide and
Other Types for the Years 2012, 2021 & 2027


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