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.

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by application

Global fuel cell market by application 2015-2020

Global fuel cell market by application 2015-2020 (MW

shipments)

Global fuel cell market by stationary application

Global fuel cell market by transportation application

Global fuel cell market by portable application

PART 07: Market segmentation by type

Global fuel cell market by type 2015-2020

Global fuel cell market by type 2015-2020 (MW

shipments)

Global fuel cell market by PEMFC

Global fuel cell market by SOFC

Global fuel cell market by MCFC

Global fuel cell market by DMFC

PART 08: Market segmentation by geography

Global fuel cell market by geography 2015-2020

Global fuel cell market by geography 2015-2020 (MW

shipments)

Fuel cell market in APAC

Fuel cell market in Americas

Fuel cell market in EMEA

PART 09: Key leading countries

Japan

Germany

US

PART 10: Market drivers

Need to control emissions in transportation sector

Flexibility in use of fuels

Government incentives for FCVs

Growing demand for efficient and cleaner technologies

PART 11: Impact of drivers

PART 12: Market challenges

Lack of refueling infrastructure for FCVs

Competition from alternative technologies

Uncertainties associated with low crude oil prices

End of subsidies will raise fuel cell cost

PART 13: Impact of drivers and challenges

PART 14: Market trends

Reduction in prices of fuel cells and FCVs

Increase in R&D investment and activities

PART 15: Vendor landscape

Other prominent vendors

PART 16: Key vendor analysis

Ballard Power Systems

Bloom Energy

Nuvera Fuel Cells

SFC Energy

PART 17: Appendix

List of abbreviations

PART 18: Explore Technavio