Dublin, July 03, 2019 (GLOBE NEWSWIRE) -- The "North America Fuel Cell Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.
This research shows that the North America fuel cell market is expected to grow with 18.33% CAGR for the period of 2019-2027.
The North America region is witnessing high rate of availability and adaptability of advanced technologies. The major countries considered are the United States and Canada.
In this region, the fuel cell market is rising at a significant pace driven by rising investments and funding grants by the federal government. The proactive involvement of various universities, government organisations and companies in R&D of fuel cell technologies creates a conducive environment, thereby paving its growth. Also, vast market opportunities and prospect lie in the massive applications of the fuel cell in industries like transportation, power generation plants, data centres and automotive sector.
The rising demand for fuel cell electric vehicles, hybrid vehicles along with increasing development of refuelling station infrastructures has pushed the market further. The development of fuel cell with renewable resources made it environment-friendly due to its ability of zero emissions. Therefore, companies have largely adopted this eco-friendly technology to comply with the government's environmental norms and standards, eventually raising its demand.
Despite the advantages mentioned above, the fuel cell market is hindered by the high cost and less durability of technology, which mainly influences the buyer's decision. Also, due to the presence of large manufacturers and their different products, the new entrants face a high level of entry barriers.
Competitive Outlook
The prominent players in the fuel cell market are Hitachi Limited, ExxonMobil Corporation, Toyota Motor Corporation, Aisin Seiki Co Ltd., Fuelcell Energy Inc, Toshiba Corporation, Plug Power Inc., Bloom Energy Corporation, Panasonic Corporation, General Electric Company, AFC Energy PLC, Hydrogenics Corporation, SFC Energy AG Ballard Power Systems, and Ceres Power Holdings PLC.
Key Topics Covered
1. North America Fuel Cell Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Promising Investments in Fuel Cell
2.2.2. Increasing Number of Partnerships Between Public & Private Companies
2.2.3. Growing Application of Fuel Cell in EV's, HEV's & PHEV's
2.2.4. Proactive Involvement of Universities, Government Organizations & Companies in R&D
2.3. Porter's Five Force Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Industry Components
2.6.1. Raw Material Suppliers
2.6.2. Manufacturers
2.6.3. Distributors
2.6.4. End-Users
2.7. Key Impact Analysis
2.7.1. Cost
2.7.2. Application
2.7.3. Efficiency
2.8. Regulatory Framework
2.9. Industry Player Positioning
2.10. Market Drivers
2.10.1. Benefits Offered by Fuel Cells Over Other Power Generating Systems
2.10.2. Growing Demand for Efficient and Cleaner Technologies
2.10.3. Rapid Integration of Fuel Cell Technology in Automobiles
2.11. Market Restraints
2.11.1. Issues With Durability of Fuel Cell Technology
2.11.2. High Capital Cost of Fuel Cells
2.12. Market Opportunities
2.12.1. Declining Prices of Fuel Cells & FCV's
2.12.2. Growing Number of Hydrogen Refuelling Stations
2.13. Market Challenges
2.13.1. Availability of Alternative Technologies
2.13.2. Lack of Fuel Infrastructure
3. North America Fuel Cell Industry Outlook - by Application
3.1. Transportation
3.2. Stationary
3.3. Portable
4. North America Fuel Cell Industry Outlook - by Type
4.1. Solid Oxide Fuel Cells (SOFC)
4.2. Phosphoric Acid Fuel Cells (PAFC)
4.3. Molten Carbonate Fuel Cells (MCFC)
4.4. Proton Exchange Membrane Fuel Cells (PEMFC)
4.5. Other Fuel Cells
5. North America Fuel Cell Industry - Regional Outlook
5.1. United States
5.2. Canada
6. Competitive Landscape
6.1. Hitachi Ltd.
6.2. General Electric Company
6.3. ExxonMobil Corporation
6.4. AFC Energy PLC
6.5. Fuelcell Energy Inc.
6.6. Hydrogenics Corporation
6.7. Aisin Seiki Co. Ltd.
6.8. Ballard Power Systems
6.9. Bloom Energy Corporation
6.10. Ceres Power Holdings PLC
6.11. Plug Power Inc.
6.12. SFC Energy AG
6.13. Panasonic Corporation
6.14. Toyota Motor Corporation
6.15. Toshiba Corporation
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology
Table List
Table 1: North America Fuel Cell Market, by Country, 2019-2027 (In $ Million)
Table 2: Prominent Investment in Fuel Cells
Table 3: Fuel Cell Technologies Office R&D Budget in United States, 2015-2017 ($ Millions)
Table 4: Vendor Scorecard
Table 5: Regulatory Framework
Table 6: Typical Stack Size of Different Fuel Cell Technologies
Table 7: Energy Conversion Efficiency of Different Energy Sources
Table 8: Estimated Number of FCEV's on Road in Key Geographies, 2014- 2020
Table 9: North America Fuel Cell Market, by Country, 2019-2027 (In $ Million)
Table 10: North America Fuel Cell Market, by Application, 2019-2027 (In $ Million)
Table 11: North America Fuel Cell Market, by Type, 2019-2027 (In $ Million)
Figure List
Figure 1: North America Fuel Cell Market, by Application, 2018 & 2027 (In %)
Figure 2: NETL's SOFC Program
Figure 3: Market Attractiveness Index
Figure 4: Industry Components
Figure 5: Key Impact Analysis
Figure 6: Industry Player Positioning in 2018 (In %)
Figure 7: Fuel Cell System Costs ($)
Figure 8: Estimated Number of Hydrogen Fueling Stations in Key Geographies, 2014-2020
Figure 9: North America Fuel Cell Market, by Transportation, 2019-2027 (In $ Million)
Figure 10: North America Fuel Cell Market, by Stationary, 2019-2027 (In $ Million)
Figure 11: North America Fuel Cell Market, by Portable, 2019-2027 (In $ Million)
Figure 12: North America Fuel Cell Market, by Solid Oxide Fuel Cells (SOFC), 2019-2027 (In $ Million)
Figure 13: North America Fuel Cell Market, by Phosphoric Acid Fuel Cells (PAFC), 2019-2027 (In $ Million)
Figure 14: North America Fuel Cell Market, by Molten Carbonate Fuel Cells (MCFC), 2019-2027 (In $ Million)
Figure 15: North America Fuel Cell Market, by Proton Exchange Membrane Fuel Cells (PEMFC), 2019-2027 (In $ Million)
Figure 16: North America Fuel Cell Market, by Other Fuel Cells, 2019-2027 (In $ Million)
Figure 17: North America Fuel Cell Market, Regional Outlook, 2018 & 2027 (In %)
Figure 18: United States Fuel Cell Market, 2019-2027 (In $ Million)
Figure 19: Canada Fuel Cell Market, 2019-2027 (In $ Million)
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