ABSTRACT
About Fuel Cells

Fuel cells produce electricity by utilizing the power generated by electrochemical reactions, and convert potential chemical energy into electrical and heat energy. 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, releasing electrons that flow through the external circuit as electric current.

Technavio’s analysts forecast the global fuel cells market for industrial and military applications to grow at a CAGR of 14.05% during the period 2017-2021.


Covered in this Report
The report covers the present scenario and the growth prospects of the global fuel cells market for industrial and military applications for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA



Technavio’s report, Global Fuel Cells Market for Industrial and Military Applications 2017-2021, 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 Energy
  • Acumentrics
  • Altergy
  • SOLIDpower
  • Ceres Power
  • Delphi Automotive
  • Doosan Fuel Cell
  • Electrochem
  • EnergyOr Technologies
  • Enocell
  • FuelCell Energy
  • Horizon Fuel Cell Technologies
  • Hydrogenics
  • Intelligent Energy
  • Neah Power Systems
  • Oorja Protonics
  • Panasonic
  • PLUG POWER
  • REDOX POWER SYSTEMS
  • Shanghai EVERPOWER Technologies
  • Toshiba Fuel Cell Power Systems
  • USSI




Market Driver

  • Growing demand for efficient and cleaner technologies.
  • For a full, detailed list, view our report




Market Challenge

  • Uncertainties associated with low crude oil prices.
  • 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 2021 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?




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Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.