MRO Magazine

Fuel Cell Market – Trends, Forecast, and Growth Prospects by Technavio

June 24, 2015
By Business Wire News


Technavio has published a new report on the global fuel cell market,which is expected to grow at a CAGR of more than 30% from 2015-2019.

Fuel cell market segmentation by application, fuel cell type, and region

Technavio’s report analyzes the solutions and products offered by market vendors and presents a comprehensive breakdown of the market by application, including stationary, portable, and transportation.

Additionally, analysts have segmented the market by key region, including APAC, the Americas, and EMEA.

“A number of new techniques have led to the decline of the price of fuel cells, which has a positive impact on the fuel cell market worldwide. For instance, several fuel manufacturing companies in the US are reducing the amount of platinum they use in fuel cells, which in turn reduces the cost of fuel cells by up to 40%,” says Faisal Ghaus, Vice President of Technavio.

Fuel cell: Market scope and size

This report covers the present scenario and growth prospects of the global fuel cell market from 2015-2019. The market size has been calculated based on the revenue generated from units shipped and megawatts shipped.

Industry overview

  • Key vendors:
    • Ballard Power Systems Inc.
    • Bloom Energy Corp.
    • Doosan Fuel Cell
    • Fuelcell Energy Inc.
    • Hydrogenics Corporation
  • Market growth drivers:
    • Development of hydrogen infrastructure
    • Shift toward green energy
  • Market challenges:
    • Functional issues
    • Lack of adequate skills for design and development
  • Market trends:
    • Increased investment in R&D
    • Reduction in fuel cell prices

View the global fuel cell market report.

Technavio currently has more than 3,000 market research reports on an extensive range of topics, with 100-plus reports on the fuel cell market. Examples include:

If you are interested in more information, please contact our media team at

Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44-208-123-1770
Media & Marketing Executive