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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
INTRODUCTION
A fuel cell generates electricity cleanly and effectively by utilising the chemical energy of hydrogen or other fuels. Electricity, water, and heat are the only byproducts if hydrogen is the fuel.
In terms of the diversity of potential applications, fuel cells are exceptional; they can run on a variety of fuels and feedstocks and can power devices as big as utility power plants and as tiny as laptop computers.
Fuel cells have a wide range of uses, including producing electricity for transportation, commercial, industrial, and residential structures, as well as long-term energy storage for the grid in reversible systems.
Compared to traditional combustion-based technologies, which are now employed in many power plants and automobiles, fuel cells provide a number of advantages.
The fuel cell vehicle market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
ABB and Ballard have earned an AiP from DNV for their high-power fuel cell idea. They are moving forward with their industry-leading alliance to decarbonize marine transport. An AiP is a critical step in the development of new technology since it provides an unbiased evaluation of the concept and verifies that there are no substantial barriers to the concept's realisation.
The jointly developed system can be finished within the next couple of years and used onboard a variety of boats with the AiP in place. The high-power fuel cell unit is a versatile solution that can meet the energy requirements of a wide range of vessels that need numerous 3 MW blocks of electricity.
A ferry with a regular schedule and frequent opportunities for bunkering may run purely on fuel cell power, while a cruise ship sailing in coastal locations could either run entirely on fuel cell power or switch to it while operating in environmentally sensitive areas or emission control zones.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
21 | Product installation rate by OEM, 2022 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2022 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |