Technavio Announces the Publication of its Research Report Global
Fuel Cell Market 2016-2020
Technavio recognizes the following companies as the key players in the global fuel cell market: Ballard Power Systems, Bloom Energy, Nuvera Fuel Cells, and SFC Energy.
Other prominent vendors in the market are: ACAL, Acumentrics, Aisin, Altergy Systems, Ceramic Fuel Cells, Ceres Power, Delphi Automotive Systems, DMFCC, Doosan Fuel Cell, ElectroChem, EnergyOr Technologies, Enocell, FuelCell Energy, GE, H2 Logic, Horizon Fuel Cell Technologies, Hydrogenics, Infintium Fuel Cell Systems, Intelligent Energy, Johnson Matthey Fuel Cells, Kyocera, LG Fuel Cell Systems, Mitsubishi Heavy Industries, Neah Power Systems, Oorja Protonics, Panasonic, Plug Power, Proton Motor Fuel Cell, Redox Power Systems, Shanghai Everpower Technologies, Symbio FCell, Toshiba, and Ultra Electronics AMI.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is reduction in prices of fuel cells and FCVs. The introduction of several new techniques has reduced the price of fuel cells. In the US, several fuel cell manufacturing companies are reducing the amount of platinum used in fuel cells, leading to an up to 30% reduction in fuel cell prices since 2008. Also, rejected energy and waste heat can be captured if fuel cells are established close to their point of use. This method of generating heat and electricity from fuel cells is known as fuel cell co-generation, which can reduce energy service costs for transportation systems by 20%-40%. Higher production and achievement of economies of scale following various government grants are other reasons for reduced fuel cell prices.”
According to the report, one of the primary drivers in the market is need to control emissions in transportation sector. Auto regulators worldwide have been setting targets to control their emissions as the transport sector accounts for about a quarter (23%) of global energy-related GHG emissions; these mainly involve the release of nitrogen oxides (NOx), sulfur oxide (SOx), hydrocarbons, carbon monoxide, and particle matter (PM). Various regions and countries are setting different regulations, but the overall message and targets are clear — that the automobile industry needs to limit the amount of emissions it produces drastically.
Technavio recognizes the following companies as the key players in the global fuel cell market: Ballard Power Systems, Bloom Energy, Nuvera Fuel Cells, and SFC Energy.
Other prominent vendors in the market are: ACAL, Acumentrics, Aisin, Altergy Systems, Ceramic Fuel Cells, Ceres Power, Delphi Automotive Systems, DMFCC, Doosan Fuel Cell, ElectroChem, EnergyOr Technologies, Enocell, FuelCell Energy, GE, H2 Logic, Horizon Fuel Cell Technologies, Hydrogenics, Infintium Fuel Cell Systems, Intelligent Energy, Johnson Matthey Fuel Cells, Kyocera, LG Fuel Cell Systems, Mitsubishi Heavy Industries, Neah Power Systems, Oorja Protonics, Panasonic, Plug Power, Proton Motor Fuel Cell, Redox Power Systems, Shanghai Everpower Technologies, Symbio FCell, Toshiba, and Ultra Electronics AMI.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is reduction in prices of fuel cells and FCVs. The introduction of several new techniques has reduced the price of fuel cells. In the US, several fuel cell manufacturing companies are reducing the amount of platinum used in fuel cells, leading to an up to 30% reduction in fuel cell prices since 2008. Also, rejected energy and waste heat can be captured if fuel cells are established close to their point of use. This method of generating heat and electricity from fuel cells is known as fuel cell co-generation, which can reduce energy service costs for transportation systems by 20%-40%. Higher production and achievement of economies of scale following various government grants are other reasons for reduced fuel cell prices.”
According to the report, one of the primary drivers in the market is need to control emissions in transportation sector. Auto regulators worldwide have been setting targets to control their emissions as the transport sector accounts for about a quarter (23%) of global energy-related GHG emissions; these mainly involve the release of nitrogen oxides (NOx), sulfur oxide (SOx), hydrocarbons, carbon monoxide, and particle matter (PM). Various regions and countries are setting different regulations, but the overall message and targets are clear — that the automobile industry needs to limit the amount of emissions it produces drastically.
Further, the report states that one major challenge in the
market is lack of refueling infrastructure for FCVs. The adoption of fuel
cells, despite their efficiency and lower emissions, are hampered by the lack
of the necessary infrastructure to support their mass adoption. When compared
with other alternative fueling infrastructure such as EVs or natural gas
stations, fuel cell refueling infrastructure is outnumbered by a large extent.
In 2015, there were more than 25,000 natural gas fueling stations and 27,000 EV
charging stations worldwide, while there were less than 200 hydrogen refueling
stations available for public use. With more 1.26 million electric cars on the
road, EVs are making headway in the market. Improvements in battery technology
are reducing the overall cost of production and improving the distance range.
With these improvements, technologies tend to be an attractive option when
considering the purchase of a new vehicle. Also, the fall in oil prices is
bridging the economic benefits between alternate fuel vehicles and diesel
vehicles, making it possible for less efficient vehicles to remain on the road
for a longer period.
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.
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.
About
Fuel Cell
Fuel cells produce electricity by utilizing the power generated from electrochemical reactions. They use external sources of chemical energy such as hydrogen and oxygen to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons. The electrons then flow through the external circuit producing an electric current. All fuel cells are based on a standard design, wherein two electrodes are separated by an electrolyte. The electrolyte carries electrically charged particles. A catalyst is used to speed up or accelerate the electrochemical reaction within the fuel cells. Fuel cells can be used in small devices that are powered by a few watts of electricity and also in large power plants that produce megawatts (MW) of electrical energy. Fuel cells are categorized by the nature of the electrolyte used in them.
Technavio’s analysts forecast the global fuel cell market to grow at a CAGR of 22.76% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fuel cell market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped to demarcate the market contours.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Fuel Cell Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Ballard Power Systems
• Bloom Energy
• Nuvera Fuel Cells
• SFC Energy
Other prominent vendors
• ACAL
• Acumentrics
• Aisin
• Altergy Systems
• Ceramic Fuel Cells
• Ceres Power
• Delphi Automotive Systems
• DMFCC
• Doosan Fuel Cell
• ElectroChem
• EnergyOr Technologies
• Enocell
• FuelCell Energy
• GE
• H2 Logic
• Horizon Fuel Cell Technologies
• Hydrogenics
• Infintium Fuel Cell Systems
• Intelligent Energy
• Johnson Matthey Fuel Cells
• Kyocera
• LG Fuel Cell Systems
• Mitsubishi Heavy Industries
• Neah Power Systems
• Oorja Protonics
• Panasonic
• Plug Power
• Proton Motor Fuel Cell
• Redox Power Systems
• Shanghai Everpower Technologies
• Symbio FCell
• Toshiba
• Ultra Electronics AMI
Market driver
• Growing demand for efficient and cleaner technologies.
• For a full, detailed list, view our report
Market challenge
• Competition from alternative technologies.
• For a full, detailed list, view our report
Market trend
• Increase in R&D investment and activities.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Fuel cells produce electricity by utilizing the power generated from electrochemical reactions. They use external sources of chemical energy such as hydrogen and oxygen to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons. The electrons then flow through the external circuit producing an electric current. All fuel cells are based on a standard design, wherein two electrodes are separated by an electrolyte. The electrolyte carries electrically charged particles. A catalyst is used to speed up or accelerate the electrochemical reaction within the fuel cells. Fuel cells can be used in small devices that are powered by a few watts of electricity and also in large power plants that produce megawatts (MW) of electrical energy. Fuel cells are categorized by the nature of the electrolyte used in them.
Technavio’s analysts forecast the global fuel cell market to grow at a CAGR of 22.76% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fuel cell market for 2016-2020. To calculate the market size, the report enlists certain key estimates that we have considered for arriving at the market trends and certain exclusions that helped to demarcate the market contours.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Fuel Cell Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Ballard Power Systems
• Bloom Energy
• Nuvera Fuel Cells
• SFC Energy
Other prominent vendors
• ACAL
• Acumentrics
• Aisin
• Altergy Systems
• Ceramic Fuel Cells
• Ceres Power
• Delphi Automotive Systems
• DMFCC
• Doosan Fuel Cell
• ElectroChem
• EnergyOr Technologies
• Enocell
• FuelCell Energy
• GE
• H2 Logic
• Horizon Fuel Cell Technologies
• Hydrogenics
• Infintium Fuel Cell Systems
• Intelligent Energy
• Johnson Matthey Fuel Cells
• Kyocera
• LG Fuel Cell Systems
• Mitsubishi Heavy Industries
• Neah Power Systems
• Oorja Protonics
• Panasonic
• Plug Power
• Proton Motor Fuel Cell
• Redox Power Systems
• Shanghai Everpower Technologies
• Symbio FCell
• Toshiba
• Ultra Electronics AMI
Market driver
• Growing demand for efficient and cleaner technologies.
• For a full, detailed list, view our report
Market challenge
• Competition from alternative technologies.
• For a full, detailed list, view our report
Market trend
• Increase in R&D investment and activities.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table of content: https://marketreportscenter.com/reports/456003/global-fuel-cell-market-2016-2020#toc
About Us:
Market
Reports Center is an e-commerce platform obliging the needs of knowledge
workers, experts, professionals who are subject to market research information
for their work, or to make strategic business decisions. Market Reports
Center’s team consistently works to update and extend our existing repository
of market research reports by partnering with new publishers and adding their
studies to our website.
Contact us
for more details:
Sam
Collins
Market
Reports Center
Phone No:
1-646-883-3044 (US)
Web - https://marketreportscenter.com
No comments:
Post a Comment