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ASIA PACIFIC FUEL CELL MARKET FORECAST 2020-2028

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ASIA PACIFIC FUEL CELL MARKET FORECAST 2020-2028

The Asia Pacific fuel cell market is expected to grow significantly and register a CAGR of 18.07% over the projected period, 2020-2028. The main factors supporting the market growth are strict government regulations related to carbon emissions, rising adoption of fuel cell vehicles, growing automotive and electronics sectors in the region. The market of the fuel cell in the Asia Pacific region is segmented and studied on the basis of markets present in countries such as India, China, Thailand, Japan, Vietnam, Indonesia, Australia & New Zealand, South Korea, and the Rest of Asia Pacific. In China, the public-private partnership is a major factor driving the growth of the market. The other factors influencing the market growth are the partnerships between the organizations operating in the field of fuel cells, the increasing number of policies supporting fuel cell vehicles and hydrogen infrastructure development, new trends and information brought by industry leaders to trade buyers, and growing electric vehicles market in China.

ASIA PACIFIC FUEL CELL MARKET FORECAST 2020-2028

Asia Pacific Fuel Cell Market by Product (Solid Oxide Fuel Cells (SOFC), Phosphoric Acid Fuel Cells (PAFC), Molten Carbonate Fuel Cells (MCFC), Proton Exchange Membrane Fuel Cells (Pemfc), Other Fuel Cells) by Application (Transportation, Stationary, Portable) by Geography.

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The Asia Pacific fuel cell market is expected to grow significantly and register a CAGR of 18.07% over the projected period, 2020-2028. The main factors supporting the market growth are strict government regulations related to carbon emissions, rising adoption of fuel cell vehicles, growing automotive and electronics sectors in the region.

The market of the fuel cell in the Asia Pacific region is segmented and studied on the basis of markets present in countries such as India, China, Thailand, Japan, Vietnam, Indonesia, Australia & New Zealand, South Korea, and the Rest of Asia Pacific. In China, the public-private partnership is a major factor driving the growth of the market. The other factors influencing the market growth are the partnerships between the organizations operating in the field of fuel cells, the increasing number of policies supporting fuel cell vehicles and hydrogen infrastructure development, new trends and information brought by industry leaders to trade buyers, and growing electric vehicles market in China. More than $1billion public investments have been made in R&D for hydrogen and fuel cells annually.

In countries like Japan, growing public and private partnership, and government initiatives for the adoption of renewable fueling stations are fueling the market growth. The Indian market growth is decided by favorable government policies and incentives towards the adoption of renewable energy technology. In South Korea, the driving factor is the government’s efforts to create infrastructure and systems for a hydrogen-based economy. The government plans to establish 100 hydrogen fueling stations in operation by 2020 and achieve a target of 10% of the new car sale to be the fuel cell electric vehicle by 2030.

Hitachi, Ltd., headquartered in Chiyoda-Ku, Tokyo, Japan, is a leading manufacturer of electrical and electronic products operating in North America, Europe, Latin America, and the Asia Pacific.

 

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • DEVELOPMENT OF FUEL CELL
      • MARKET DEFINITION
      • KEY DRIVERS
        • DEVELOPMENT OF HYDROGEN INFRASTRUCTURE
        • RISING PUBLIC-PRIVATE PARTNERSHIP
        • INNOVATION IN FUEL CELL TECHNOLOGY
        • INCREASING DEMAND FOR POWER GENERATION
      • KEY RESTRAINTS
        • HIGH COST OF FUEL CELL TECHNOLOGIES
        • LACK OF INFRASTRUCTURE
        • HIGH CAPITAL INVESTMENT
        • LACK OF SKILLED PROFESSIONALS
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      • PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL SUPPLIERS
        • MANUFACTURERS
        • DISTRIBUTORS
        • END-USERS
      • KEY BUYING CRITERIA
        • PRICE
        • APPLICATION
        • EFFICIENCY OF THE SYSTEM
      • REGULATORY FRAMEWORK
      • PATENT ANALYSIS – JAPAN
    2. MARKET BY PRODUCT
      • SOLID OXIDE FUEL CELLS (SOFC)
      • PHOSPHORIC ACID FUEL CELLS (PAFC)
      • MOLTEN CARBONATE FUEL CELLS (MCFC)
      • PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC)
      • OTHER FUEL CELLS
    3. MARKET BY APPLICATION
      • TRANSPORTATION
      • STATIONARY
      • PORTABLE
    4. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. COMPANY PROFILES
      • AFC ENERGY PLC
      • AISIN SEIKI CO. LTD
      • BALLARD POWER SYSTEMS INC.
      • BLOOM ENERGY CORPORATION
      • CERES POWER HOLDINGS PLC
      • EXXON MOBIL CORPORATION
      • FUEL CELL ENERGY, INC
      • GENERAL ELECTRIC COMPANY (GE)
      • HITACHI, LTD
      • HYDROGENICS CORPORATION
      • PANASONIC CORPORATION
      • PLUG POWER INC.
      • SFC ENERGY AG
      • TOSHIBA CORPORATION
      • TOYOTA MOTOR CORPORATION

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – FUEL CELL

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: ASIA PACIFIC FUEL CELL MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 4: ASIA PACIFIC FUEL CELL MARKET, BY PRODUCT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 5: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 6: ASIA PACIFIC FUEL CELL MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 7: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 8: ASIA PACIFIC FUEL CELL MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

     

    FIGURES LIST

    FIGURE 1: TIMELINE OF FUEL CELLS

    FIGURE 2: CUT IN FUEL COSTS DUE TO TECHNOLOGICAL INNOVATIONS $/kW (2002-2016)

    FIGURE 3: KEY INVESTMENT INSIGHTS

    FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: KEY BUYING CRITERIA

    FIGURE 9: ASIA PACIFIC FUEL CELL MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019

    FIGURE 10: ASIA PACIFIC FUEL CELL MARKET, SOLID OXIDE FUEL CELLS (SOFC), 2020-2028 (IN $ MILLION)

    FIGURE 11: ASIA PACIFIC FUEL CELL MARKET, PHOSPHORIC ACID FUEL CELLS (PAFC), 2020-2028 (IN $ MILLION)

    FIGURE 12: ASIA PACIFIC FUEL CELL MARKET, MOLTEN CARBONATE FUEL CELLS (MCFC), 2020-2028 (IN $ MILLION)

    FIGURE 13: ASIA PACIFIC FUEL CELL MARKET, PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC), 2020-2028 (IN $ MILLION)

    FIGURE 14: ASIA PACIFIC FUEL CELL MARKET, OTHER FUEL CELLS, 2020-2028 (IN $ MILLION)

    FIGURE 15: ASIA PACIFIC FUEL CELL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

    FIGURE 16: ASIA PACIFIC FUEL CELL MARKET, TRANSPORTATION, 2020-2028 (IN $ MILLION)

    FIGURE 17: ASIA PACIFIC FUEL CELL MARKET, STATIONARY, 2020-2028 (IN $ MILLION)

    FIGURE 18: ASIA PACIFIC FUEL CELL MARKET, PORTABLE, 2020-2028 (IN $ MILLION)

    FIGURE 19: ASIA PACIFIC FUEL CELL MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 20: CHINA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 21: JAPAN FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 22: INDIA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 23: SOUTH KOREA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 24: INDONESIA FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 25: THAILAND FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 26: VIETNAM FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 27: AUSTRALIA & NEW ZEALAND FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 28: REST OF ASIA PACIFIC FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. MARKET BY PRODUCT
      • SOLID OXIDE FUEL CELLS (SOFC)
      • PHOSPHORIC ACID FUEL CELLS (PAFC)
      • MOLTEN CARBONATE FUEL CELLS (MCFC)
      • PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC)
      • OTHER FUEL CELLS
    2. MARKET BY APPLICATION
      • TRANSPORTATION
      • STATIONARY
      • PORTABLE

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