Search for a report

NORTH AMERICA FUEL CELL MARKET FORECAST 2020-2028

  • You are here:
  • Home
  • Downloads
  • NORTH AMERICA FUEL CELL MARKET FORECAST 2020-2028

NORTH AMERICA FUEL CELL MARKET FORECAST 2020-2028

The fuel cell market of North America is anticipated to record a CAGR of 17.82%, developing and expanding at a significant pace during the forecasted period, 2020-2028. North America is considered to be the most advanced in the world as far as the adoption and usage of technologies are concerned. Some of the important factors propelling the market growth are the favorable rules and regulations of the Central government of the US and Canada, and government investments towards the enhancement and adoption of fuel cell technologies in the region. The North American fuel cell market is studied on the basis of market growth in the regions of the United States and Canada. The fuel cell was first used in 1889 in the US, and since then, the usage of fuel cells has increased in North America. The fuel cell market of the United States is directed mainly by the investments by the federal government and the favorable government plans and policies towards the manufacture and adoption of fuel cells in the country.

NORTH AMERICA FUEL CELL MARKET FORECAST 2020-2028

North America 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.

Request free sample

The fuel cell market of North America is anticipated to record a CAGR of 17.82%, developing and expanding at a significant pace during the forecasted period, 2020-2028. North America is considered to be the most advanced in the world as far as the adoption and usage of technologies are concerned. Some of the important factors propelling the market growth are the favorable rules and regulations of the Central government of the US and Canada, and government investments towards the enhancement and adoption of fuel cell technologies in the region.

The North American fuel cell market is studied on the basis of market growth in the regions of the United States and Canada. The fuel cell was first used in 1889 in the US, and since then, the usage of fuel cells has increased in North America. The fuel cell market of the United States is directed mainly by the investments by the federal government and the favorable government plans and policies towards the manufacture and adoption of fuel cells in the country. The steady investment towards the development of hydrogen refueling infrastructure and the increasing demand for space heating across the commercial and residential establishment would lead the way to the market growth. In 2016, the Energy Department of the US announced an investment of $30 million, which includes 30 different projects designed with the aim to discover and develop low-cost hydrogen production and storage, and for fuel cells on light-duty vehicles.

General Electric Company is headquartered in Boston, Massachusetts, the US. It is a global digital industrial corporation and operates in Europe, Asia, North America, Africa, Australia, and South America.

 

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


    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 – UNITED STATES
    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
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    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: NORTH AMERICA FUEL CELL MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

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

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

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

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

    FIGURE 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: NORTH AMERICA FUEL CELL MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019

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

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

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

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

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

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

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

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

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

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

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    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

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


      Choose License Type

      Buy Now