About Fuel Cells

Fuel cells are like battery units that are used to generate electricity from electrochemical reactions. These cells are used to power small devices and to produce megawatts (MW) of electrical energy in large power plants.
Technavio’s analysts forecast the Global Fuel Cell Market to grow at a CAGR of close to 22% during the period 2018-2022.

Covered in this Report
The report covers the present scenario and the growth prospects of the Global Fuel Cell Market 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of proton exchange membrane fuel cell (PEMFC), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC), and others.

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

  • Americas
  • APAC
  • EMEA

Technavio’s report, Global Fuel Cell Market 2018-2022, 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
  • FuelCell Energy
  • SFC Energy

Market Driver

  • Decarbonization of transportation industry
  • For a full, detailed list, view our report

Market Challenge

  • High cost of fuel cell
  • For a full, detailed list, view our report

Market Trend

  • Diversifying applications of fuel cells
  • For a full, detailed list, view our report

Key Questions Answered in this Report

  • What will the market size be in 2022 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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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.