Global Fuel Cell Market to Grow at a CAGR of 17.5% by 2023 – Due to Increasing Demand For Unconventional Energy Sources – Research and Markets

June 12, 2017

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Fuel Cell Market Insights, Opportunity, Analysis, Market Shares And
Forecast 2017 – 2023” report to their offering.

The global fuel cell market is expected to grow with the CAGR of
approximately 17.5% during the forecast period (2016-2023).

The market growth is primarily driven due to increasing demand for
unconventional energy sources, rising public-private partnership,
increasing demand for combined heat & power systems and innovations in
fuel cell technologies. Hydrogen and fuel cell technology is expected to
play vital role in the energy supply and mobility. To ensure further
advancement of such technologies, government, science and industry
started a strategic alliance known as National Innovation Programme
(NIP) for Hydrogen and Fuel Cell Technology. NIP is planned to
accelerate the market preparation process of products which is based on
the future-oriented technology.

Geographically, North America occupied major share in terms of revenue
in 2016 due to high government support to reduce Co2 emissions. However,
Asia Pacific is expected to be the fastest growing due to increasing
demand for clean energy in the region. The presence of major companies
such as General Electric Corporation (U.S.), Hitachi, Ltd. (Japan),
Panasonic Corporation (Japan), SFC Energy (Germany), Toyota Motor
Corporation (Japan) etc. are creating opportunity for high innovations
for fuel cells in near future.

The global fuel cell market is segmented on the basis of application and
technology.

Companies Mentioned

  • AFC Energy Plc (Uk)
  • Aisin Seiki Co., Ltd. (Japan)
  • Ballard Power Systems Inc. (Canada)
  • Bloom Energy (U.S.)
  • Ceres Power Holdings Plc (Uk)
  • Exxonmobil Corporation (U.S.)
  • Fuelcell Energy, Inc. (U.S.)
  • General Electric Corporation (U.S.)
  • Hitachi, Ltd. (Japan)
  • Hydrogenics Corporation (Canada)
  • Panasonic Corporation (Japan)
  • Plug Power Inc. (U.S.)
  • SFC Energy Ag (Germany)
  • Toshiba Corporation (Japan)
  • Toyota Motor Corporation (Japan)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/vj9zm5/global_fuel_cell

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Related
Topics: Fuel
Cells