出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
燃料電池発電機市場 : エンドユーザー (海洋、水産養殖、建設、農業、データセンター、非常用発電機)、サイズ [小型 (最大 200 kW)、大型 (>200 kW)]、燃料の種類 (水素、アンモニア、メタノール)、地域別 – 2030年までの世界予測
Fuel Cell Generator Market by End User (Marine, Aquaculture, Construction, Agriculture, Data Centers, Emergency Response Generators), Size (Small (Up to 200 kW), Large (>200 kW)), Fuel Type (Hydrogen, Ammonia, Methanol), Region – Global Forecast to 2030
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| 種別 | 英文調査報告書 |
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The global fuel cell generator market is estimated to grow from 0.4 billion in 2023 to USD 2.1 billion by 2030; it is expected to record a CAGR of 25.4% during the forecast period. increasing number data centers and reliable energy for emergency response will drives the fuel cell generator market in the forecasted period.
“Hydrogen: The largest segment of the fuel cell generator market, by fuel type “
Based on fuel type, the fuel cell generator market has been split into three types: hydrogen, ammonia, and methanol. Compared to other fuel cell technologies, hydrogen fuel cells have quick refueling times, enabling speedy deployment for vehicles and other uses. Additionally, hydrogen fuel cells have a high-power density, which allows them to supply a lot of power in a tiny, light design.
“Small size (up to 200 kW) segment is expected to emerge as the largest segment based on size”
By size, the fuel cell generator market has been segmented into small scale (up to 200 kW) and large scale (above 200 kW). Recent advancements in fuel cell technology, such as improved efficiency, durability, and cost reduction, have made small-scale fuel cell generators more viable and attractive. These technological developments have increased the overall performance and reliability of fuel cell systems, making them a practical and competitive option for small-scale power generation applications.
“By end user, the marine segment is expected to be the fastest growing market during the forecast period.”
Based on end user, the fuel cell generator market is segmented into marine, aquaculture, construction, agriculture, data centers, and emergency response generators. Fuel cell generators can be used as auxiliary power units on ships and boats. They provide a reliable and efficient source of electricity for various onboard systems, including lighting, navigation, communication equipment, refrigeration, and other electrical loads. Fuel cells offer quiet operation, reduced vibrations, and improved energy efficiency compared to traditional diesel generators, enhancing the overall onboard experience.
Europe is expected to be the fastest growing region in the fuel cell generator market
Europe is expected to be the fastest growing region for the fuel cell generator market during the forecast period. The region has been at the forefront of sustainability initiatives, with strong commitments to reducing greenhouse gas emissions and transitioning to clean energy sources. Fuel cell generators, offering low-emission and zero-pollution power generation, align perfectly with these environmental goals. Additionally, Europe has established a favorable policy and regulatory framework to promote the development and deployment of fuel cell technology. Supportive measures such as financial incentives, grants, and research funding have spurred innovation and investments in the fuel cell sector. Furthermore, Europe has developed a robust hydrogen infrastructure, enabling the efficient production, storage, and distribution of hydrogen as a fuel for fuel cell generators.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Levels- 25%, and Others- 45%
By Region: Asia Pacific- 53%, North America- 27%, Europe- 20%,
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The fuel cell generator market is dominated by a few major players that have a wide regional presence. The leading players in the fuel cell generator market are Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Ballard Power Systems (Canada), ABB (Switzerland), and Loop Energy Inc. (Canada).
Research Coverage:
The report defines, describes, and forecasts the global fuel cell generator market, by type, end user, size, fuel type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the fuel cell generator market.
Key Benefits of Buying the Report
• The fuel cell generator market has experienced significant development and growth in recent years. The increasing demand for portable power solutions, driven by factors such as outdoor recreational activities, emergency preparedness, and the need for reliable off-grid power, has propelled the market forward. Key market players have been actively engaged in product development, introducing innovative features such as higher power capacities, improved portability, faster charging, integration with renewable energy sources, advanced control systems, connectivity options, and enhanced safety features. Additionally, the market has witnessed the expansion of product offerings with varying size, catering to different end-use requirements.
• Product Development/ Innovation: Manufacturers in the fuel cell generators market actively engage in product development and innovation to enhance the capabilities of their offerings. They focus on increasing power capacity through advancements in battery technology, improving portability by reducing weight and refining the form factor, and enabling faster charging through enhanced charging efficiency. Integration of renewable energy sources, such as solar panels, is a key area of innovation, along with the development of advanced control and monitoring systems for better user control and visibility.
• Market Development: The fuel cell generator market offers substantial growth opportunities driven by several factors. Primarily, the increasing global focus on sustainability and the transition towards cleaner energy sources have created a favorable environment for fuel cell technology. Fuel cell generators offer low-emission and zero-pollution power generation, aligning with environmental goals and regulations. Secondly, advancements in fuel cell technology, such as improved efficiency, durability, and cost-effectiveness, have enhanced their performance and made them more attractive for various applications. These technological developments have expanded the market potential for fuel cell generators in sectors such as transportation, residential, commercial, and industrial. Additionally, government support through incentives, policies, and funding programs further accelerates the adoption of fuel cell generators.
• Market Diversification: Doosan Fuel Cell and the government of South Australia have entered into an agreement that encompasses several key areas of collaboration. The agreement involves the exchange of equipment and expertise to facilitate the production of environmentally friendly hydrogen and its derivatives.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Bloom Energy (US), Doosan Fuel Cell Co., Ltd. (South Korea), Ballard Power Systems (Canada), ABB (Switzerland), and Loop Energy Inc. (Canada) among others in the fuel cell generator market.
目次
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 27
1.3 INCLUSIONS AND EXCLUSIONS 27
1.3.1 FUEL CELL GENERATOR MARKET, BY END USER 27
1.3.2 FUEL CELL GENERATOR MARKET, BY REGION 27
1.4 MARKET SCOPE 28
1.4.1 MARKET SEGMENTATION 28
1.4.2 REGIONAL SCOPE 28
1.4.3 YEARS CONSIDERED 29
1.5 CURRENCY CONSIDERED 29
1.6 LIMITATIONS 29
1.7 STAKEHOLDERS 30
1.8 SUMMARY OF CHANGES 30
1.8.1 IMPACT OF RECESSION 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 FUEL CELL GENERATOR MARKET: RESEARCH DESIGN 32
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 2 DATA TRIANGULATION METHODOLOGY 33
2.2.1 SECONDARY DATA 34
2.2.1.1 Key data from secondary sources 34
2.2.2 PRIMARY DATA 35
2.2.2.1 Key data from primary sources 35
2.2.2.2 Breakdown of primaries 36
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 36
2.3 MARKET SIZE ESTIMATION 37
2.3.1 SUPPLY-SIDE ANALYSIS 37
FIGURE 4 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF FUEL CELL GENERATORS 37
FIGURE 5 FUEL CELL GENERATOR MARKET: SUPPLY-SIDE ANALYSIS 38
2.3.1.1 Supply-side calculations 38
2.3.1.2 Supply-side assumptions 38
FIGURE 6 FUEL CELL GENERATOR MARKET: MARKET SHARE ANALYSIS, 2022 39
2.3.2 DEMAND-SIDE ANALYSIS 39
2.3.2.1 Demand-side calculations 39
2.3.2.2 Demand-side assumptions 39
2.3.2.3 Demand-side limitations 40
2.3.3 MARKET FORECAST 40
2.4 IMPACT OF RECESSION 40
3 EXECUTIVE SUMMARY 41
TABLE 1 FUEL CELL GENERATOR MARKET SNAPSHOT 41
FIGURE 7 NORTH AMERICA HELD LARGEST SHARE OF FUEL CELL GENERATOR MARKET IN 2022 42
FIGURE 8 DATA CENTERS TO CAPTURE LARGEST SHARE OF FUEL CELL GENERATOR MARKET IN 2030 43
FIGURE 9 HYDROGEN TO CAPTURE LARGEST SHARE OF FUEL CELL GENERATOR MARKET, BY FUEL TYPE, IN 2030 43
FIGURE 10 SMALL-SCALE FUEL CELL GENERATORS PRODUCING UP TO 200 KW OF POWER TO CAPTURE LARGER MARKET SHARE IN 2030 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FUEL CELL GENERATOR MARKET 45
FIGURE 11 RISING DEMAND FOR CLEAN POWER GENERATION TO BOOST ADOPTION OF FUEL CELL GENERATORS BY ENVIRONMENTALLY CONSCIOUS INDUSTRIES 45
4.2 FUEL CELL GENERATOR MARKET, BY REGION 46
FIGURE 12 EUROPEAN FUEL CELL GENERATOR MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 46
4.3 FUEL CELL GENERATOR MARKET, BY END USER 46
FIGURE 13 DATA CENTERS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 46
4.4 FUEL CELL GENERATOR MARKET, BY FUEL TYPE 47
FIGURE 14 HYDROGEN TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 47
4.5 FUEL CELL GENERATOR MARKET, BY SIZE 47
FIGURE 15 SMALL SCALE (UP TO 200 KW) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 16 FUEL CELL GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 48
5.2.1 DRIVERS 49
5.2.1.1 Global focus on reducing carbon emissions and environmental impact 49
FIGURE 17 CO2 EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, GT CO2 (2000–2022) 49
5.2.1.2 Rising need for reliable and constant power supply 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost of catalysts used in fuel cell generators 50
5.2.2.2 High capital expenditure associated with hydrogen energy storage 50
5.2.3 OPPORTUNITIES 51
5.2.3.1 Integration of renewable energy sources into power grids 51
5.2.3.2 Supportive government policies, incentives, and rebates on installation of fuel cell generators 51
FIGURE 18 CLEAN ENERGY INVESTMENTS BY ADVANCED ECONOMIES VS. EMERGING ECONOMIES, 2015–2021 (GT CO2) 52
TABLE 2 POLICIES BY MAJOR ECONOMIES TO STIMULATE HYDROGEN DEMAND 52
5.2.4 CHALLENGES 53
5.2.4.1 Water management in proton-exchange membrane fuel cells 53
5.2.4.2 High operational temperature of solid oxide fuel cells 53
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 54
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN FUEL CELL GENERATOR MARKET 54
FIGURE 19 REVENUE SHIFT FOR FUEL CELL GENERATOR PROVIDERS 54
5.4 PRICING ANALYSIS 54
5.4.1 PEM BACKUP FUEL CELL GENERATOR INDICATIVE PRICING MODEL ANALYSIS 54
5.4.1.1 5 kW FCG stack and balance of plant (BoP) indicative cost 54
TABLE 3 PEM STACK COMPONENT COST SUMMARY FOR 5 KW BACKUP SYSTEM (USD), 2016 54
TABLE 4 PEM BALANCE OF PLANT (BOP) COST SUMMARY FOR 5 KW BACKUP SYSTEM (USD), 2016 55
TABLE 5 5 KW BACKUP SYSTEM BOP COST DISTRIBUTION 55
5.4.1.2 10 kW FCG stack and balance of plant (BoP) indicative cost 55
TABLE 6 PEM STACK COMPONENT COST SUMMARY FOR 10 KW BACKUP SYSTEM (USD), 2016 55
TABLE 7 PEM BALANCE OF PLANT (BOP) COST SUMMARY FOR 10 KW BACKUP SYSTEM (USD), 2016 56
TABLE 8 10 KW BACKUP SYSTEM BOP COST DISTRIBUTION 56
5.4.2 PEM STACK AND SYSTEM BOP PRICING MODEL ANALYSIS 57
5.4.2.1 PEM stack component cost summary 57
TABLE 9 PEM STACK COMPONENT COST SUMMARY FOR 100 KW & 250 KW SYSTEMS (USD) 57
5.4.2.1.1 100 KW PEM stack component cost summary 58
FIGURE 20 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (100 STACKS/YEAR) 58
FIGURE 21 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (1,000 STACKS/YEAR) 58
FIGURE 22 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (10,000 STACKS/YEAR) 59
FIGURE 23 100 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (50,000 STACKS/YEAR) 59
5.4.2.1.2 250 KW PEM stack component cost summary 60
FIGURE 24 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (100 STACKS/YEAR) 60
FIGURE 25 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (1,000 STACKS/YEAR) 60
FIGURE 26 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (10,000 STACKS/YEAR) 61
FIGURE 27 250 KW PEM STACK COMPONENT COST SUMMARY BREAKUP (50,000 STACKS/YEAR) 61
5.4.2.2 PEM stack manufacturing cost summary 62
TABLE 10 PEM STACK MANUFACTURING COST SUMMARY: 100 KW & 250 KW SYSTEM (USD) 62
5.4.2.2.1 100 KW PEM stack manufacturing cost summary 62
FIGURE 28 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (100 STACKS/YEAR) 62
FIGURE 29 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (1,000 STACKS/YEAR) 63
FIGURE 30 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (10,000 STACKS/YEAR) 63
FIGURE 31 100 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (50,000 STACKS/YEAR) 64
5.4.2.2.2 250 KW PEM stack manufacturing cost summary 64
FIGURE 32 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (100 STACKS/YEAR) 64
FIGURE 33 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (1,000 STACKS/YEAR) 65
FIGURE 34 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (10,000 STACKS/YEAR) 65
FIGURE 35 250 KW PEM STACK MANUFACTURING COST SUMMARY BREAKUP (50,000 STACKS/YEAR) 66
5.4.2.3 PEM BoP cost summary 66
5.4.2.3.1 100 KW PEM BoP cost summary 66
FIGURE 36 100 KW PEM BOP COST SUMMARY BREAKUP (100 STACKS/YEAR) 66
FIGURE 37 100 KW PEM BOP COST SUMMARY BREAKUP (1,000 STACKS/YEAR) 67
FIGURE 38 100 KW PEM BOP COST SUMMARY BREAKUP (10,000 STACKS/YEAR) 67
FIGURE 39 100 KW PEM BOP COST SUMMARY BREAKUP (50,000 STACKS/YEAR) 68
5.4.2.3.2 250 KW PEM BoP cost summary 68
FIGURE 40 250 KW PEM BOP COST SUMMARY BREAKUP (100 STACKS/YEAR) 68
FIGURE 41 250 KW PEM BOP COST SUMMARY BREAKUP (1,000 STACKS/YEAR) 69
FIGURE 42 250 KW PEM BOP COST SUMMARY BREAKUP (10,000 STACKS/YEAR) 69
FIGURE 43 250 KW PEM BOP COST SUMMARY BREAKUP (50,000 STACKS/YEAR) 70
5.5 TECHNOLOGY ANALYSIS 70
5.5.1 ATOMICALLY DISPERSED PT AND FE SITES AND PT–FE NANOPARTICLES FOR DURABLE PROTON-EXCHANGE MEMBRANE FUEL CELLS 70
5.5.2 NANOPARTICLE-BASED FUEL CELLS 70
5.5.3 NON-PRECIOUS METAL CATALYST-BASED FUEL CELLS 70
5.5.4 HEXAGONAL PEROVSKITES FOR CERAMIC FUEL CELLS 71
5.6 TRADE ANALYSIS 71
5.6.1 EXPORT SCENARIO 71
TABLE 11 EXPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND) 71
FIGURE 44 EXPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 (USD) 71
5.6.2 IMPORT SCENARIO 72
TABLE 12 IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND) 72
FIGURE 45 IMPORT DATA FOR TOP 5 COUNTRIES, 2020–2022 (USD THOUSAND) 72
5.7 KEY CONFERENCES AND EVENTS, 2023–2024 73
TABLE 13 FUEL CELL GENERATOR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2023–2024 73
5.8 SUPPLY CHAIN ANALYSIS 75
FIGURE 46 FUEL CELL GENERATOR SUPPLY CHAIN ANALYSIS 75
TABLE 14 FUEL CELL GENERATOR MARKET PLAYERS: ROLE IN SUPPLY CHAIN 76
5.9 MARKET MAPPING 77
FIGURE 47 FUEL CELL GENERATOR MARKET MAP 77
5.10 PATENT ANALYSIS 78
5.10.1 LIST OF MAJOR PATENTS 78
TABLE 15 FUEL CELL GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2021–FEBRUARY 2023 78
5.11 CASE STUDY ANALYSIS 81
5.11.1 SAMSUNG HEAVY INDUSTRIES PLANS TO DEVELOP CLEAN POWER SHIPS BY JOINING HANDS WITH BLOOM ENERGY 81
5.11.1.1 Problem statement 81
5.11.1.2 Solution 81
5.11.2 SOUTHERN COMMUNICATION SERVICES EMPLOYS PLUG POWER’S HYDROGEN FUEL CELLS FOR UNINTERRUPTED POWER SUPPLY 81
5.11.2.1 Problem statement 81
5.11.2.2 Solution 81
5.11.3 IKEA USES BLOOM ENERGY’S FUEL CELL GENERATORS AS BACKUP SYSTEMS IN POWER GENERATION PLANT 81
5.11.3.1 Problem statement 81
5.11.3.2 Solution 81
5.12 CODES AND REGULATIONS 82
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
5.12.2 REGULATIONS RELATED TO FUEL CELL GENERATORS 83
5.12.2.1 Regulatory framework in North America 83
5.12.2.2 Regulatory framework in Europe 84
5.12.2.3 Regulatory framework in Asia Pacific 84
5.13 PORTER’S FIVE FORCES ANALYSIS 85
FIGURE 48 PORTER’S FIVE FORCES ANALYSIS FOR FUEL CELL GENERATOR MARKET 85
TABLE 19 FUEL CELL GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS 86
5.13.1 THREAT OF SUBSTITUTES 86
5.13.2 BARGAINING POWER OF SUPPLIERS 86
5.13.3 BARGAINING POWER OF BUYERS 86
5.13.4 THREAT OF NEW ENTRANTS 87
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 87
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 87
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 87
FIGURE 49 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER 87
TABLE 20 INFLUENCE OF KEY END USERS IN BUYING PROCESS (%) 87
5.14.2 BUYING CRITERIA 88
FIGURE 50 KEY BUYING CRITERIA OF KEY END USERS 88
TABLE 21 KEY BUYING CRITERIA, BY END USER 88
6 FUEL CELL GENERATOR MARKET, BY FUEL TYPE 89
6.1 INTRODUCTION 90
FIGURE 51 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2022 90
TABLE 22 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2020–2022 (USD MILLION) 90
TABLE 23 FUEL CELL GENERATOR MARKET, BY FUEL TYPE, 2023–2030 (USD MILLION) 90
TABLE 24 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY FUEL TYPE 91
6.2 HYDROGEN 91
6.2.1 HIGH ENERGY DENSITY OF HYDROGEN TO SUPPORT SEGMENTAL GROWTH 91
6.3 METHANOL 92
6.3.1 EASE OF STORAGE AND USE TO BOOST DEMAND FOR METHANOL 92
6.4 AMMONIA 92
6.4.1 STRINGENT REGULATIONS TO REDUCE CARBON FOOTPRINT TO INCREASE DEMAND FOR AMMONIA 92
7 FUEL CELL GENERATOR MARKET, BY SIZE 93
7.1 INTRODUCTION 94
FIGURE 52 FUEL CELL GENERATOR MARKET, BY SIZE, 2022 94
TABLE 25 FUEL CELL GENERATOR MARKET, BY SIZE, 2020–2022 (USD MILLION) 94
TABLE 26 FUEL CELL GENERATOR MARKET, BY SIZE, 2023–2030 (USD MILLION) 94
TABLE 27 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY SIZE 95
7.2 SMALL SCALE (UP TO 200 KW) 96
7.2.1 DIVERSE POWER OUTPUT OF SMALL FUEL CELL SYSTEMS TO INCREASE THEIR USE BY ALL END USERS 96
7.3 LARGE SCALE (ABOVE 200 KW) 96
7.3.1 ROBUST ENERGY AND CLIMATE POLICIES TO DRIVE MARKET 96
8 FUEL CELL TECHNOLOGIES DEPLOYED IN BACKUP POWER GENERATORS 97
8.1 INTRODUCTION 97
8.2 PROTON-EXCHANGE MEMBRANE FUEL CELL (PEMFC) 97
8.2.1 INCREASING USE OF PEM FUEL CELLS IN MARINE APPLICATIONS 97
8.3 SOLID OXIDE FUEL CELL (SOFC) 97
8.3.1 RISING ADOPTION OF SOFCS IN ENERGY SECTOR TO ACHIEVE HIGH ELECTRICAL EFFICIENCY AND LOW CO2 EMISSIONS 97
8.4 ALKALINE FUEL CELL (AFC) 98
8.4.1 HIGH ADOPTION OF AFC IN CONSTRUCTION AND MARINE APPLICATIONS 98
8.5 PHOSPHORIC ACID FUEL CELL (PAFC) 98
8.5.1 ADOPTION OF PAFCS IN STATIONARY APPLICATIONS 98
9 FUEL CELL GENERATOR MARKET, BY END USER 99
9.1 INTRODUCTION 100
FIGURE 53 FUEL CELL GENERATOR MARKET, BY END USER, 2022 100
TABLE 28 FUEL CELL GENERATOR MARKET, BY END USER, 2020–2022 (MW) 100
TABLE 29 FUEL CELL GENERATOR MARKET, BY END USER, 2023–2030 (MW) 101
TABLE 30 FUEL CELL GENERATOR MARKET, BY END USER, 2020–2022 (USD MILLION) 101
TABLE 31 FUEL CELL GENERATOR MARKET, BY END USER, 2023–2030 (USD MILLION) 102
TABLE 32 PRODUCT AVAILABILITY STATUS OF MARKET PLAYERS, BY END USER 102
9.2 MARINE ENGINEERING PLATFORMS 103
9.2.1 DECARBONIZATION TARGETS SET BY INTERNATIONAL MARITIME ORGANIZATIONS TO STIMULATE DEMAND 103
9.3 CONSTRUCTION SITES 104
9.3.1 REPLACEMENT OF DIESEL GENERATORS WITH FUEL CELL GENERATORS TO ACHIEVE DECARBONIZATION GOALS TO DRIVE MARKET 104
9.4 AGRICULTURAL FACILITIES 104
9.4.1 IMPLEMENTATION OF HYDROGEN GENERATORS IN AGRICULTURAL APPLICATIONS TO SUPPORT MARKET GROWTH 104
9.5 AQUACULTURE FACILITIES 104
9.5.1 RISING NEED FOR ENERGY-EFFICIENT AND LOW-NOISE SOLUTIONS IN AQUACULTURE FACILITIES TO BOOST DEMAND FOR FUEL CELL GENERATORS 104
9.6 DATA CENTERS 105
9.6.1 GROWING USE OF BACKUP POWER SYSTEMS DURING OUTAGES TO PUSH DEMAND FOR FUEL CELL GENERATORS 105
9.7 EMERGENCY RESPONSE GENERATORS 105
9.7.1 POWER BACKUP REQUIREMENT FROM TELECOM TOWERS TO CONTRIBUTE TO MARKET GROWTH 105
10 FUEL CELL GENERATOR MARKET, BY REGION 106
10.1 INTRODUCTION 107
FIGURE 54 EUROPE TO BE FASTEST-GROWING MARKET FOR FUEL CELL GENERATORS DURING FORECAST PERIOD 107
FIGURE 55 FUEL CELL GENERATOR MARKET, BY REGION, 2022 107
TABLE 33 FUEL CELL GENERATOR MARKET, BY REGION, 2020–2022 (MW) 108
TABLE 34 FUEL CELL GENERATOR MARKET, BY REGION, 2023–2030 (MW) 108
TABLE 35 FUEL CELL GENERATOR MARKET, BY REGION, 2020–2022 (USD MILLION) 108
TABLE 36 FUEL CELL GENERATOR MARKET, BY REGION, 2023–2030 (USD MILLION) 109
10.2 ASIA PACIFIC 109
FIGURE 56 ASIA PACIFIC: FUEL CELL GENERATOR MARKET SNAPSHOT 109
TABLE 37 FUEL CELL GENERATOR PROJECTS IN ASIA PACIFIC 110
10.2.1 ASIA PACIFIC: IMPACT OF RECESSION 110
10.2.2 CHINA 110
10.2.2.1 Increasing focus on improving energy efficiency to drive market 110
10.2.2.2 Macro factors 111
TABLE 38 CHINA: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2022 111
TABLE 39 CHINA: NUMBER OF SHIPS, 2016–2021 111
10.2.3 INDIA 111
10.2.3.1 Need for decarbonization of energy sector to support market growth 111
10.2.3.2 Macro factors 111
TABLE 40 INDIA: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021 111
10.2.4 JAPAN 111
10.2.4.1 Rise in use of hydrogen for clean energy to boost demand for fuel cell generators 111
10.2.4.2 Macro factors 112
TABLE 41 JAPAN: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021 112
TABLE 42 JAPAN: NUMBER OF SHIPS, 2016–2021 112
10.3 NORTH AMERICA 112
FIGURE 57 NORTH AMERICA: FUEL CELL GENERATOR MARKET SNAPSHOT 113
TABLE 43 FUEL CELL TECHNOLOGY-RELATED PROJECTS IN NORTH AMERICA 113
10.3.1 NORTH AMERICA: IMPACT OF RECESSION 114
10.3.2 US 114
10.3.2.1 Growing focus on clean energy generation to boost demand for fuel cell technology 114
10.3.2.2 Macro factors 114
TABLE 44 US: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2022 114
TABLE 45 US: NUMBER OF SHIPS, 2016–2021 114
10.3.3 CANADA 115
10.3.3.1 Government grants to run fuel cell technology-based programs to support market growth 115
10.3.3.2 Macro factors 115
TABLE 46 CANADA: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021 115
10.4 EUROPE 115
TABLE 47 FUEL CELL TECHNOLOGY-RELATED PROJECTS IN EUROPE 116
10.4.1 EUROPE: IMPACT OF RECESSION 116
10.4.2 GERMANY 116
10.4.2.1 Focus on emission-free transportation to foster requirement for fuel cell technology 116
10.4.2.2 Macro factors 117
TABLE 48 GERMANY: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021 117
TABLE 49 GERMANY: NUMBER OF SHIPS, 2016–2021 117
10.4.3 UK 117
10.4.3.1 Efforts to reduce GHG emissions to stimulate demand for fuel cell technology 117
10.4.3.2 Macro factors 117
TABLE 50 UK: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021 117
TABLE 51 UK: NUMBER OF SHIPS, 2016–2021 118
10.4.4 FRANCE 118
10.4.4.1 Energy transition outlook of French government to facilitate market growth 118
10.4.4.2 Macro factors 118
TABLE 52 FRANCE: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2021 118
TABLE 53 FRANCE: NUMBER OF SHIPS, 2016–2021 118
10.4.5 REST OF EUROPE 118
10.5 REST OF THE WORLD (ROW) 119
10.5.1 MACRO FACTORS 119
TABLE 54 ROW: CO2 EMISSIONS (TONNES PER CAPITA), 2010–2019 119
11 COMPETITIVE LANDSCAPE 120
11.1 OVERVIEW 120
FIGURE 58 KEY DEVELOPMENTS IN FUEL CELL GENERATOR MARKET, 2018–2023 121
11.2 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022 122
FIGURE 59 INDUSTRY CONCENTRATION OF KEY PLAYERS, 2022 122
11.3 MARKET EVALUATION FRAMEWORK 122
TABLE 55 MARKET EVALUATION FRAMEWORK, 2018–2023 122
11.4 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS 124
FIGURE 60 SEGMENTAL REVENUE ANALYSIS, 2017–2022 124
11.5 COMPETITIVE SCENARIO AND TRENDS 125
11.5.1 DEALS 125
TABLE 56 FUEL CELL GENERATOR MARKET: DEALS, 2018–2023 125
11.5.2 OTHERS 126
TABLE 57 FUEL CELL GENERATOR MARKET: OTHERS, 2022 126
11.6 EVALUATION MATRIX FOR KEY PLAYERS 127
11.6.1 STARS 127
11.6.2 EMERGING LEADERS 127
11.6.3 PERVASIVE PLAYERS 127
11.6.4 PARTICIPANTS 127
FIGURE 61 FUEL CELL GENERATOR MARKET: EVALUATION MATRIX FOR KEY PLAYERS, 2022 128
11.7 FUEL CELL GENERATOR MARKET: COMPANY FOOTPRINT 129
TABLE 58 COMPANY TYPE FOOTPRINT 129
TABLE 59 COMPANY END USER FOOTPRINT 129
TABLE 60 COMPANY FUEL TYPE FOOTPRINT 130
TABLE 61 COMPANY POWER RATING WITH SIZE FOOTPRINT 131
TABLE 62 COMPANY REGION FOOTPRINT 132
11.8 EVALUATION MATRIX FOR START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 133
11.8.1 PROGRESSIVE COMPANIES 133
11.8.2 RESPONSIVE COMPANIES 133
11.8.3 DYNAMIC COMPANIES 133
11.8.4 STARTING BLOCKS 133
FIGURE 62 FUEL CELL GENERATOR MARKET: EVALUATION MATRIX FOR START-UPS/SMES, 2022 134
11.9 COMPETITIVE BENCHMARKING 135
TABLE 63 FUEL CELL GENERATOR MARKET: DETAILED LIST OF KEY START-UPS/SMES 135
TABLE 64 COMPANY TYPE FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES 135
TABLE 65 COMPANY FUEL TYPE FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES 136
TABLE 66 COMPANY POWER RATING FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES 136
TABLE 67 COMPANY END USER FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES 137
TABLE 68 COMPANY REGION FOOTPRINT: COMPETITIVE BENCHMARKING FOR START-UPS/SMES 137
12 COMPANY PROFILES 138
(Business overview, Products offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS 138
12.1.1 BLOOM ENERGY 138
TABLE 69 BLOOM ENERGY: COMPANY OVERVIEW 138
FIGURE 63 BLOOM ENERGY: COMPANY SNAPSHOT 139
TABLE 70 BLOOM ENERGY: PRODUCTS OFFERED 139
TABLE 71 BLOOM ENERGY: DEALS 140
TABLE 72 BLOOM ENERGY: OTHERS 141
12.1.2 DOOSAN FUEL CELL CO., LTD. 143
TABLE 73 DOOSAN FUEL CELL CO., LTD.: COMPANY OVERVIEW 143
FIGURE 64 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT 144
TABLE 74 DOOSAN FUEL CELL CO., LTD.: PRODUCTS OFFERED 144
TABLE 75 DOOSAN FUEL CELL CO., LTD.: DEALS 144
TABLE 76 DOOSAN FUEL CELL CO., LTD.: OTHERS 146
12.1.3 POWERCELL SWEDEN AB 148
TABLE 77 POWERCELL SWEDEN AB: COMPANY OVERVIEW 148
FIGURE 65 POWERCELL SWEDEN AB: COMPANY SNAPSHOT 149
TABLE 78 POWERCELL SWEDEN AB: PRODUCTS OFFERED 149
TABLE 79 POWERCELL SWEDEN AB: PRODUCT LAUNCHES 150
TABLE 80 POWERCELL SWEDEN AB: DEALS 150
TABLE 81 POWERCELL SWEDEN AB: OTHERS 151
12.1.4 BALLARD POWER SYSTEMS 153
TABLE 82 BALLARD POWER SYSTEMS: COMPANY OVERVIEW 153
FIGURE 66 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT 154
TABLE 83 BALLARD POWER SYSTEMS: PRODUCTS OFFERED 154
TABLE 84 BALLARD POWER SYSTEMS: PRODUCT LAUNCHES 155
TABLE 85 BALLARD POWER SYSTEMS: DEALS 155
TABLE 86 BALLARD POWER SYSTEMS: OTHERS 157
12.1.5 NEDSTACK FUEL CELL TECHNOLOGY BV 159
TABLE 87 NEDSTACK FUEL CELL TECHNOLOGY BV: COMPANY OVERVIEW 159
TABLE 88 NEDSTACK FUEL CELL TECHNOLOGY BV: PRODUCTS OFFERED 159
TABLE 89 NEDSTACK FUEL CELL TECHNOLOGY BV: DEALS 160
12.1.6 PLUG POWER INC. 162
TABLE 90 PLUG POWER INC.: COMPANY OVERVIEW 162
FIGURE 67 PLUG POWER INC.: COMPANY SNAPSHOT 163
TABLE 91 PLUG POWER INC.: PRODUCTS OFFERED 163
12.1.7 TECO 2030 165
TABLE 92 TECO 2030: COMPANY OVERVIEW 165
FIGURE 68 TECO 2030: COMPANY SNAPSHOT 166
TABLE 93 TECO 2030: PRODUCTS OFFERED 166
TABLE 94 TECO 2030: DEALS 166
12.1.8 ABB 168
TABLE 95 ABB: COMPANY OVERVIEW 168
FIGURE 69 ABB: COMPANY SNAPSHOT 169
TABLE 96 ABB: PRODUCTS OFFERED 169
TABLE 97 ABB: DEALS 170
12.1.9 LOOP ENERGY INC. 171
TABLE 98 LOOP ENERGY INC.: COMPANY OVERVIEW 171
FIGURE 70 LOOP ENERGY INC.: COMPANY SNAPSHOT 171
TABLE 99 LOOP ENERGY INC.: PRODUCTS OFFERED 172
TABLE 100 LOOP ENERGY INC.: DEALS 172
12.1.10 SIEMENS ENERGY 174
TABLE 101 SIEMENS ENERGY: COMPANY OVERVIEW 174
FIGURE 71 SIEMENS ENERGY: COMPANY SNAPSHOT 175
TABLE 102 SIEMENS ENERGY: PRODUCTS OFFERED 175
12.1.11 CUMMINS INC. 176
TABLE 103 CUMMINS INC.: BUSINESS OVERVIEW 176
FIGURE 72 CUMMINS INC.: COMPANY SNAPSHOT 177
TABLE 104 CUMMINS INC.: PRODUCTS OFFERED 177
TABLE 105 CUMMINS INC.: DEALS 178
12.1.12 AFC ENERGY PLC 179
TABLE 106 AFC ENERGY PLC: BUSINESS OVERVIEW 179
FIGURE 73 AFC ENERGY PLC: COMPANY SNAPSHOT 179
TABLE 107 AFC ENERGY PLC: PRODUCTS OFFERED 180
TABLE 108 AFC ENERGY PLC: DEALS 180
TABLE 109 AFC ENERGY PLC: OTHERS 180
12.1.13 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 181
TABLE 110 TOSHIBA GLOBAL: COMPANY OVERVIEW 181
FIGURE 74 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT 182
TABLE 111 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED 182
TABLE 112 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS 183
12.1.14 PROTON MOTOR POWER SYSTEMS PLC 185
TABLE 113 PROTON MOTOR POWER SYSTEMS PLC: COMPANY OVERVIEW 185
FIGURE 75 PROTON MOTOR POWER SYSTEMS PLC: COMPANY SNAPSHOT 185
TABLE 114 PROTON MOTOR POWER SYSTEMS PLC: PRODUCTS OFFERED 186
TABLE 115 PROTON MOTOR POWER SYSTEMS PLC: DEALS 186
12.1.15 PANASONIC CORPORATION 187
TABLE 116 PANASONIC CORPORATION: COMPANY OVERVIEW 187
FIGURE 76 PANASONIC CORPORATION: COMPANY SNAPSHOT 188
TABLE 117 PANASONIC CORPORATION: PRODUCTS OFFERED 188
TABLE 118 PANASONIC CORPORATION: PRODUCT LAUNCHES 189
TABLE 119 PANASONIC CORPORATION: DEALS 189
12.1.16 EODEV 190
TABLE 120 EODEV: BUSINESS OVERVIEW 190
TABLE 121 EODEV: PRODUCTS OFFERED 190
TABLE 122 EODEV: DEALS 191
12.1.17 GENCELL LTD. 192
TABLE 123 GENCELL LTD.: COMPANY OVERVIEW 192
FIGURE 77 GENCELL LTD.: COMPANY SNAPSHOT 192
TABLE 124 GENCELL LTD.: PRODUCTS OFFERED 193
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 194
12.2.1 FUJI ELECTRIC CO., LTD. 194
12.2.2 POWERUP ENERGY TECHNOLOGIES 195
12.2.3 TW HORIZON FUEL CELL TECHNOLOGIES 195
12.2.4 ALTERGY 196
12.2.5 FREUDENBERG SEALING TECHNOLOGIES GMBH & CO. KG 196
12.2.6 BOC LIMITED 197
12.2.7 H2SYS 197
12.2.8 GAUSSIN 198
12.2.9 YANMAR HOLDINGS CO., LTD 198
13 APPENDIX 199
13.1 INSIGHTS FROM INDUSTRY EXPERTS 199
13.2 DISCUSSION GUIDE 200
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 204
13.4 CUSTOMIZATION OPTIONS 206
13.5 RELATED REPORTS 206
13.6 AUTHOR DETAILS 207