Growth Opportunities in the Stationary Fuel Cell Market, Forecasts to 2030
Growth Opportunities in the Stationary Fuel Cell Market, Forecasts to 2030
Increasing Acceptability and Falling Costs to Drive the Market for Fuel Cells
23-Apr-2019
Global
Description
Fuel cells are expected to see significant growth over the next decade, as countries move toward cleaner power to diversify their power mix away from fossil fuels. The market is expected to witness steady growth due to the construction and installation of fuel cell power by companies along with the declining cost of new/existing technologies, leading to increasing installation rates across the globe. North America, led by the US, and Asia, led by Japan and China in the future, are expanding their fuel cell power capacity to introduce the next-generation of energy technology into their economies, increase power generation efficiency, and reduce the opex cost of existing facilities. Frost & Sullivan has given three scenarios in which we provide an optimistic, base, and pessimistic cases for the fuel cell market. We have done this because of the challenging nature of forecasting this nascent industry. In the optimistic case scenario, we are forecasting market growth to 1,500 MW by 2030, whereas in the base case and pessimistic cases, we see the market growing to 612 MW and 315 MW, respectively, in 2030 from 214 MW in 2017. The continuation of government subsidies and the emergence of newer chemistries are expected to lead to a reduction in the overall capex costs. This leads to increasing investment by governments and companies alike.
The key market trends have been analyzed for the study period (2017–2030), with the base year being 2018. The study covers North America, Europe, and Asia. The study assesses the latest technologies across the globe and discusses the various price points and features of these technologies. Fierce competition is expected, especially in Asia, from the Japanese, Chinese, and US participants that compete with cheaper and quality products. Some of the companies featured in this study are Bloom Energy, GenCell, Plug Power, and FuelCell Energy.
Key Issues Addressed
- What is the current state of the market, and how strong the market will grow till 2030?
- Which are key countries for fuel cell power, and how are they going to transform the market in the future?
- What are the different technologies that are present in the market, and what is the future for these technologies going forward? What disruptive technologies are expected?
- How is the business model of fuel cell companies going to evolve in the future?
- Where are future investment going to be concentrated, and how much will be invested during the forecast period?
- What is the nature of competition in this market?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Executive Summary
Executive Summary—Optimistic Scenario
Executive Summary—Optimistic Scenario (continued)
Executive Summary—Optimistic Scenario (continued)
Executive Summary—Base Scenario
Executive Summary—Base Scenario (continued)
Executive Summary—Pessimistic Scenario
Executive Summary—Pessimistic Scenario (continued)
Purpose of this Experiential Study
5 Step Process to Transformational Growth
Strategic Imperatives for Fuel Cell suppliers
Market Definitions
Scope of the Study
Fuel Cell Types
Drivers and Restraints
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Restraints Explained
Restraints Explained (continued)
Global Adoption
Revenue Forecast by Fuel Cell Type—Optimistic Scenario
Power Output Forecast by Fuel Cell Type—Optimistic Scenario
Price Forecast by Fuel Cell Type—Optimistic Scenario
Optimistic Case Forecast Discussion
Revenue Forecast by Fuel Cell Type—Base Scenario
Power Output Forecast by Fuel Cell Type—Base Scenario
Price Forecast by Fuel Cell Type—Base Scenario
Base Case Forecast Discussion
Revenue Forecast by Fuel Type—Pessimistic Scenario
Power Output Forecast by Fuel Cell Type—Pessimistic Scenario
Price Forecast by Fuel Cell Type—Pessimistic Scenario
Pessimistic Case Forecast Discussion
Macro to Micro Visioning
Disruptive Technologies
Disruptive Technologies (continued)
Industry Mega Trends
New Business Models
North America
Europe
APAC
Bloom Energy
Plug Power Inc
GenCell Ltd.
FuelCell Energy, Inc.
Growth Opportunity 1—Business Models
Growth Opportunity 2—Business Models and Value-add Services
Growth Opportunity 3—New Capabilities and Value-add Services
Growth Opportunity 4—Geographic Expansion, Partnerships, and Investment/M&A
Growth Opportunity 5—Partnerships and Investment/M&A
Growth Opportunity 6—New Capabilities, Partnerships, and Investment/M&A
Growth Opportunity 7—Disruptive Applications, Value-add Services and Partnerships
Strategic Imperatives for Success and Growth
Identifying Your Company’s Growth Zone
Growth Opportunities 1–7—Vision and Strategy
Growth Opportunities Matrix
Growth Strategies for Your Company
Prioritized Opportunities Through Implementation
Legal Disclaimer
Abbreviations and Acronyms Used
List of Exhibits
List of Exhibits (continued)
Related Research
Popular Topics
Key Issues Addressed
- What is the current state of th
No Index | No |
---|---|
Podcast | No |
Author | Manoj Shankar |
Industries | Energy |
WIP Number | ME43-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9AFE-A4,9B00-A4,9851,GETE |