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EUROPE FUEL CELL MARKET FORECAST 2020-2028

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EUROPE FUEL CELL MARKET FORECAST 2020-2028

The European market of fuel cells is predicted to record a CAGR of 17.98% during the projected period, 2020-2028. Automotive and portable applications are the key drivers of fuel cells in the market. Further, Europe has strict regulations for toxic materials and carbon emissions, which has augmented the growth of the market. The growth of the fuel cell market in Europe is analyzed on the basis of markets present in the countries of Germany, Russia, Poland, France, Italy, the United Kingdom, Belgium, and the rest of Europe. In the UK, market growth is majorly decided by government initiatives like schemes supporting fuel cell electric vehicles, and funding made by the government. The Germany fuel cell market is directed by the initiatives taken by the central government of the country as well as private organizations.

EUROPE FUEL CELL MARKET FORECAST 2020-2028

Europe 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 European market of fuel cells is predicted to record a CAGR of 17.98% during the projected period, 2020-2028. Automotive and portable applications are the key drivers of fuel cells in the market. Further, Europe has strict regulations for toxic materials and carbon emissions, which has augmented the growth of the market.

The growth of the fuel cell market in Europe is analyzed on the basis of markets present in the countries of Germany, Russia, Poland, France, Italy, the United Kingdom, Belgium, and the rest of Europe. In the UK, market growth is majorly decided by government initiatives like schemes supporting fuel cell electric vehicles, and funding made by the government. The Germany fuel cell market is directed by the initiatives taken by the central government of the country as well as private organizations. According to government sources, the Transport Ministry of Germany is investing approximately 250 million pounds to support the development of hydrogen fuel cell vehicles. The German Federal Ministry for Economic Affairs & Energy has announced investments for fuel cell heating systems, which is further driving the market growth.

The French market is propelled by the venture capital investments by private organizations, and the organizations involved in the adoption and implementation of fuel cells in the country. In Italy, there is an increasing interest in hydrogen and fuel cell technologies like in different countries of the world. The Italian government and the local authorities are keen on implementing these technologies, and research and development are made possible by the funding of leading European nations.

AFC Energy Plc, headquartered at Surrey, UK is one of the world’s leading developer of low-cost alkaline fuel cell technology. The company operates in Germany, the United Kingdom, and Australia.

 

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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 – EUROPE
    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
      • EUROPE
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    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: EUROPE FUEL CELL MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

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

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

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

    TABLE 8: EUROPE 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: EUROPE FUEL CELL MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 27: REST OF EUROPE FUEL CELL MARKET, 2020-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    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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