1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 DEFINITION 16
1.2.1 ADVANCES IN FUEL CELL TECHNOLOGY MARKET TERMINOLOGY, BY TYPE 17
1.2.2 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS 17
1.2.3 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY CAPACITY:
INCLUSIONS & EXCLUSIONS 18
1.2.4 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY END USE:
INCLUSIONS & EXCLUSIONS 18
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.3.2 REGIONAL SCOPE 19
1.4 YEARS CONSIDERED FOR THE STUDY 20
1.5 CURRENCY 20
1.6 LIMITATIONS 20
1.7 STAKEHOLDERS 21

2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.1.1 Key data from secondary sources 23
2.1.2.1 Key data from primary sources 24
2.1.2.2 Break-up of primaries 25
2.2 SCOPE 25
2.3 MARKET SIZE ESTIMATION 27
2.3.1 DEMAND-SIDE ANALYSIS 27
2.3.1.1 Key Assumptions 27
2.3.1.2 Calculations 28
2.3.2 FORECAST 28
2.3.3 SUPPLY-SIDE ANALYSIS 28
2.3.3.1 Assumptions and Calculations 29

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN THE ADVANCES IN FUEL CELL TECHNOLOGY MARKET DURING THE FORECAST PERIOD 34
4.2 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY REGION 35
4.3 ASIA PACIFIC ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY COUNTRY AND APPLICATION 35
4.4 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY END USE 36
4.5 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY APPLICATION 36

5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Government subsidies for fuel cell programs 38
5.2.1.2 Growing investments in R&D activities of fuel cell technology 38
5.2.1.3 Increasing focus on clean energy generation for transportation & power generation 38
5.2.2 RESTRAINTS 39
5.2.2.1 Expensive catalyst 39
5.2.2.2 Lack of hydrogen infrastructure 39
5.2.3 OPPORTUNITIES 39
5.2.3.1 The growth potential for the advances in fuel cell technology market lies in distributed generation applications 39
5.2.3.2 Fuel flexibility 40
5.2.4 CHALLENGES 40
5.2.4.1 Increasing investment in battery & renewable technology integration 40
5.2.4.2 Onboard storage of hydrogen 41

6 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY END USER 42
6.1 INTRODUCTION 43
6.2 FUEL CELL VEHICLES 43
6.2.1 INCREASING FOCUS ON REDUCING POLLUTION FROM HEAVY-DUTY VEHICLES TO DRIVE THE GROWTH OF THE FUEL CELL VEHICLES SEGMENT 43
6.3 UTILITIES 45
6.3.1 INCREASING NEED FOR CLEAN ENERGY GENERATION SOLUTIONS IS PROJECTED TO DRIVE THE GROWTH OF THE FUEL CELL SEGMENT 45
6.4 DEFENSE 45
6.4.1 INCREASING NEED FOR PORTABLE AND RELIABLE POWER SOURCES IS A KEY FACTOR DRIVING THE GROWTH OF THE DEFENSE SEGMENT 45

7 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY APPLICATION 47
7.1 INTRODUCTION 48
7.2 PORTABLE 49
7.2.1 THE NEED FOR ELECTRICITY TO POWER EQUIPMENT IN THE DEFENSE SECTOR AND FOR RECREATIONAL ACTIVITIES IS DRIVING THE GROWTH OF THE PORTABLE SEGMENT 49
7.3 STATIONARY 50
7.3.1 FOCUS ON HYDROGEN-POWERED FUEL CELLS FOR BACKUP POWER IS PROJECTED TO DRIVE THE MARKET FOR STATIONARY FUEL CELLS 50
7.4 TRANSPORT 50
7.4.1 INCREASING USE OF FUEL CELLS FOR OPERATING HEAVY-DUTY VEHICLES IS PROJECTED TO DRIVE THE MARKET GROWTH 50

8 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY TYPE 52
8.1 INTRODUCTION 53
8.2 PROTON EXCHANGE MEMBRANE FUEL CELL (PEMFC) 54
8.2.1 INCREASING DEMAND FOR FUEL CELL VEHICLES IS PROJECTED TO DRIVE THE GROWTH OF THE PEMFC SEGMENT 54
8.3 PHOSPHORIC ACID FUEL CELL (PAFC) 55
8.3.1 ENHANCED STATIONARY APPLICATIONS IS A KEY FACTOR CONTRIBUTING TO THE GROWTH OF THE PAFC SEGMENT 55
8.4 ALKALINE FUEL CELL (AFC) 55
8.4.1 INCREASING DEPENDENCE ON FUEL CELLS FOR TRANSPORT AND AEROSPACE APPLICATIONS IS PROJECTED TO DRIVE THE MARKET FOR AFC 55
8.5 MICROBIAL FUEL CELL (MFC) 56
8.5.1 INCREASING USE OF MICROBES FOR FUEL CELL OPERATIONS IN WATER AND WASTEWATER TREATMENT INDUSTRIES TO DRIVE THE GROWTH OF THE MFC SEGMENT 56
8.6 KEY UPCOMING TECHNOLOGIES 57
8.6.1 DIRECT CARBON FUEL CELL (DCFC) 57
8.6.2 PROTON CERAMIC FUEL CELL (PCFC) 57

9 ADVANCES IN FUEL CELL TECHNOLOGY MARKET, BY REGION 58
9.1 INTRODUCTION 59
9.2 NORTH AMERICA 61
9.2.1 INCREASING DEMAND FOR FUEL CELL VEHICLES AND CLEAN ENERGY GENERATION IS PROJECTED TO DRIVE THE MARKET GROWTH IN NORTH AMERICA 61
9.2.2 US 64
9.2.2.1 Increasing stationary applications fort clean power generation is projected to drive the growth of the advances in fuel cell technology market 64
9.2.3 CANADA 66
9.2.3.1 Increasing dependency on fuel cells for transport is a key factor that is projected drive the demand for fuel cells in the region 66
9.3 ASIA PACIFIC 68
9.3.1 INCREASING USE OF MICROBES FOR FUEL CELLS IN WATER AND WASTEWATER TREATMENT OPERATIONS TO DRIVE THE GROWTH OF THE MFCS SEGMENT 68
9.3.2 CHINA 71
9.3.2.1 Increasing investments in fuel cell-based public transport is projected to drive the demand for fuel cells 71
9.3.3 JAPAN 72
9.3.3.1 Increase in fuel cell-based portable applications is projected to contribute to the growth of the advances in fuel cell technology market in the country 72
9.3.4 SOUTH KOREA 74
9.3.4.1 Increasing importance on generating electrical power by fuel cell-based utilities is projected to drive the demand for fuel cells 74
9.3.5 REST OF ASIA PACIFIC 76
9.4 EUROPE 77
9.4.1 STRINGENT EMISSION NORMS FOR CARBON EMISSION IS PROJECTED TO DRIVE THE DEMAND FOR CLEANER ALTERNATIVES SUCH AS FUEL CELLS 77
9.4.2 GERMANY 80
9.4.2.1 Increasing reliance of public transport and private vehicles on fuel cells is a key factor that is projected to drive the demand for fuel cells in the country 80
9.4.3 UK 81
9.4.3.1 Growth of fuel cell-based distributed generation application is a key factor that is projected to drive the adoption of fuel cell technology in the country 81
9.4.4 ITALY 83
9.4.4.1 Increased emphasis on fuel cell-powered transport is driving the market in the country 83
9.4.5 REST OF EUROPE 85
9.5 REST OF THE WORLD 86

10 COMPETITIVE LANDSCAPE 88
10.1 OVERVIEW 88
10.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 90
10.2.1 VISIONARY LEADERS 90
10.2.2 INNOVATORS 90
10.2.3 DYNAMIC 90
10.2.4 EMERGING 90
10.3 MARKET SHARE, 2018 91
10.4 COMPETITIVE SCENARIO 92
10.4.1 CONTRACTS & AGREEMENTS 93
10.4.2 NEW PRODUCT LAUNCHES 94
10.4.3 PARTNERSHIPS & COLLABORATIONS 94
10.4.4 EXPANSIONS & INVESTMENTS 95

11 COMPANY PROFILES 96
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 HYDROGENICS 96
11.2 FUELCELL ENERGY 100
11.3 PLUG POWER 103
11.4 BALLARD POWER SYSTEMS 107
11.5 SFC ENERGY 113
11.6 BLOOM ENERGY 117
11.7 INTELLIGENT ENERGY 120
11.8 CERES POWER 122
11.9 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 124
11.10 AISIN SEIKI ENERGY 126
11.11 HORIZON FUEL CELL 127
11.12 NUVERA 129
11.13 MITSUBISHI HITACHI POWER SYSTEM 130
11.14 DOOSAN FUEL CELL AMERICA 131
11.15 AFC ENERGY 132
11.16 OTHER COMPANIES 134
11.17 ANNEXURE 136
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12 APPENDIX 137
12.1 INSIGHTS OF INDUSTRY EXPERTS 137
12.2 DISCUSSION GUIDE 138
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 142
12.4 AVAILABLE CUSTOMIZATIONS 144
12.5 RELATED REPORTS 144
12.6 AUTHOR DETAILS 145