Global Fuel cell technology Market Size study, by End user (Fuel cell vehicles, Utilities and defense), Application (Portable, stationery and transport), Type (proton exchange membrane fuel cell, Phosphoric acid fuel cell, Alkaline fuel cell and others) and Regional Forecasts 2019-2026

Global Fuel cell technology market is valued approximately at USD 273.82 Million in 2018 and is anticipated to grow with a growth rate of more than 24.9% over the forecast period 2019-2026. Fuel cells are said as class of devices that helps in converting the chemical energy of the fuel directly into the electricity through the electromagnetic reaction. It compiled a battery in several aspects and provide electrical energy in a longer period. The government subsidies of fuel cell programs rise in investments in R&D activities of fuel cell technology and increase in focus on clean energy generation for transportation and power generation are the factor driving the growth of market over the forecast years. Whereas, presence of expensive catalyst and lack of hydrogen infrastructure are the factors hampering the growth of market over the forecast years. However, the efficient property such as fuel flexibility and rise in investment in battery & renewable technology integration are the lucrative opportunity for the growth of market over the upcoming years.

The regional analysis of global Fuel cell technology market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific accounts for the largest share in the global fuel cell technology due to the high demand for advances in fuel cell technology coupled with growing use of fuel cell-powered vehicle in the region. Similarly, Asia Pacific is the fastest growing region in the global fuel cell technology due to the increase in power generation form clean energy sources.

Market player included in this report are:
Hydrogenics
Fuel cell Energy
Plug Power
Ballard Power Systems
SFC Energy 
Bloom Energy 
Intelligent Energy
Ceres Power
Horizon Fuel Cell
 

Nuvera The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End user:
Fuel cell vehicles 
Utilities 
Défense

By Application:
Portable 
Stationery
Transport

By Type:
Proton Exchange Membrane fuel cell
Phosphoric acid fuel cell
Alkaline fuel cell 
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Fuel cell technology Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors