World Fuel Cells
Industry forecasts for 2013 & 2018
| Publication Date | May 2009 |
|---|---|
| Publisher | Freedonia Group |
| Product Type | Report |
| Pages | 419 |
| ISBN Number | not applicable |
| Product Code | FED00113 |
Buy this product or for assistance call +44 20 7060 7474
Summary
The world commercial market for fuel cells -- including revenues associated with prototyping and test marketing activities, as well as actual product sales -- will more than triple to $1.9 billion in 2013 and then almost triple again to $5.1 billion in 2018. Market gains will be stimulated by ongoing technological advances, helping drive costs down to competitive levels in a growing number of applications, and supported by improved economies of scale as fuel cell manufacturers ramp up production. In industrialized areas such as the US and Western Europe, efforts to reduce dependence on imported oil and address environmental concerns will also contribute to fuel cell commercialization activity and sales growth over the coming decade. Product sales will increase substantially in China and other developing countries, but the US, Western Europe, Japan, Canada and South Korea will account for over four-fifths of all commercial demand in 2018.
Portable fuel cell systems show best growth prospects
Commercial demand for fuel cell systems, which totaled 17,800 units in 2008, will expand exponentially through 2013, when unit sales will reach 1.3 million, and then climb another sevenfold to 9.95 million units in 2018. Although market gains are projected to be strong for most applications, virtually all of this increase will be attributable to an explosion in portable fuel cell systems demand, which is expected to account for 98 percent of all unit sales in 2018. Demand for portable electronics fuel cells will be spurred by user frustration over the shortcomings of batteries as a power
source for high-drain electronic devices, and declining product costs will help make fuel cells -- which have the potential to offer much longer run times than batteries -- an affordable source of portable power. Electric power generation fuel cells will account for less than one percent of the total number of systems sold in 2018, but they will continue to make up the largest single share of commercial fuel cell product and service demand measured in value terms. Sales of fuel cells used in electric power generation applications will be stimulated by the comparatively low hurdles that they have to overcome to achieve cost competitiveness in this market, as well as by their much greater fuel efficiency compared to conventional power generation methods.
PEM fuel cells to strengthen dominant market position
Proton-exchange membrane (PEM) fuel cells are the most widely used, and they will strengthen their dominant market position over the coming decade. PEMs operate at relatively low temperatures (allowing them to be fabricated in multiple sizes and shapes), offer quick start-up (a major advantage in both backup power and vehicular settings) and can operate over a wide range of power outputs. As a result, more organizations are actively working to develop and market PEM systems than any other single fuel cell chemistry. However, demand for direct methanol fuel cells (DMFCs) will rise at a faster rate. DMFCs are a variant of conventional PEM technology that can extract hydrogen from methanol without the need for a reformer, making them highly suitable for powering small electronic devices where a reformer would add unwanted bulk. Sales of high-temperature solid-oxide fuel cells will also grow at an aboveaverage pace because of their ability to use multiple fuels and their high energy efficiency, which can exceed 80 percent if excess heat generated is recaptured for cogeneration purposes.
Content
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
World Economic Overview
Recent Economic Performance
Economic Outlook
Personal Income & Expenditure Trends
World Population Outlook
Gross Fixed Investment & Manufacturing Trends
World Gross Fixed Investment Outlook
World Manufacturing Outlook
Fuel Cell Infrastructure
World Energy & Power Generation Outlook
Energy Supply & Demand
Electric Power Generation
Distributed Power/Micropower
World Motor Vehicle Outlook
Motor Vehicle Production Trends
Hybrid/Electric Vehicle Outlook
World Electronics Sector Outlook
Government/Institutional Trends
Fuel Cell Cost/Pricing Dynamics
Environmental & Regulatory Issues
III. TECHNOLOGY
General
Basic Electrical Properties
Fuel Cell Construction & Operation
Fuel Cell Chemistries
Alkaline
Molten Carbonate
Phosphoric Acid
Proton-Exchange Membrane
Direct Methanol
Solid-Oxide
Other 54
Hydrogen Fuel Sources
Fuel Cell Materials
Catalysts
Electrodes, Electrolytes & Plates
Nanotechnology
Alternate Sources of Power
Batteries
Internal Combustion Engines
Turbines & Microturbines
Other Sources of Power
IV. SUPPLY & DEMAND
General
World Fuel Cell Markets
Regional Demand Dynamics
Total Fuel Cell Spending
Commercial Fuel Cell Demand
Demand by Product
Systems
Fuels
Electronic Devices
Other Products & Services
Demand by Chemistry
Proton-Exchange Membrane
Molten Carbonate
Phosphoric Acid
Solid-Oxide
Direct Methanol
Alkaline
Other
Demand by Application
Electric Power Generation
Industrial Stationary & Motive Power
Industrial Stationary Power
Motive Power
Motor Vehicles
Other Transportation Equipment
Portable Electronics
Other
World Fuel Cell Production
International Trade Flows & Multinational Investment
V. NORTH AMERICA
General
Fuel Cell Activity & Markets
Fuel Cell Outlook
United States
Canada
Mexico
VI. WESTERN EUROPE
General
Fuel Cell Activity & Markets
Fuel Cell Outlook
Germany
United Kingdom
Italy
France
Spain
Netherlands
Other Western Europe
VII. ASIA/PACIFIC
General
Fuel Cell Activity & Markets
Fuel Cell Outlook
Japan
South Korea
China
India
Australia
Other Asia/Pacific
VIII. OTHER REGIONS
Latin America
Eastern Europe
Russia
Other Eastern Europe
Africa/Mideast
IX. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
FuelCell Energy
Teledyne Energy Systems
UTC Power
Ballard Power Systems
Hydrogenics
Siemens
Other Companies
Research & Product Development
Manufacturing
Marketing & Distribution
Cooperative Agreements
Financial Requirements
Acquisitions & Divestitures
Company Profiles
Acumentrics Corporation
Altergy Systems
Ansaldo Fuel Cells, see Finmeccanica
Arcotronics Fuel Cells, see Morphic Technologies
AREVA Group
Automotive Fuel Cell, see Ballard Power Systems,
Daimler and Ford Motor
Axane Fuel Cell Systems, see L'Air Liquide
Ballard Power Systems Incorporated
Cell Impact, see Morphic Technologies
Ceramic Fuel Cells Limited
Ceres Power Holdings plc
CFC Solutions, see Tognum
Daimler AG
Exergy Fuel Cells, see Morphic Technologies
Finmeccanica SpA
Ford Motor Company
FuelCell Energy Incorporated
General Hydrogen, see Plug Power
General Motors Corporation
Helbio, see Morphic Technologies
Helion, see AREVA Group
Honda Motor Company Limited
Horizon Fuel Cell Technologies Pte Limited
Hydrogenics Corporation
Hyundai Motor Company
IdaTech LLC
IHI Corporation
Intelligent Energy Limited
Ishikawajima-Harima Heavy Industries, see IHI
Jadoo Power Systems Incorporated
L'Air Liquide SA
Matsushita Electric Industrial, see Panasonic
Mechanical Technology Incorporated
Mitsubishi Heavy Industries Limited
Morphic Technologies AB
MTI MicroFuel Cells, see Mechanical Technology
MTU Onsite Energy, see Tognum
Nippon Oil Corporation
Nuvera Fuel Cells Incorporated
Panasonic Corporation
Plug Power Incorporated
Proton Motor Fuel Cell, see Proton Power Systems
Proton Power Systems plc
Protonex Technology Corporation
Quantum Fuel Systems Technologies Worldwide
Incorporated
ReliOn Incorporated
SFC Smart Fuel Cell AG
Siemens AG
Sunrise Power Company Limited
Teledyne Technologies Incorporated
Tognum AG
Toshiba Corporation
Toyota Motor Corporation
United Technologies Corporation
UTC Power, see United Technologies
Other Companies Mentioned in Study
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I - EXECUTIVE SUMMARY
Summary Table
SECTION II - MARKET ENVIRONMENT
1 World Gross Domestic Product by Region
2 World Per Capita GDP by Region
3 World Population by Region
4 World Gross Fixed Investment by Region
5 World Manufacturing Value Added by Region
6 World Energy Production by Type
7 World Electric Power Generation by Region
8 World Motor Vehicle Production by Region
9 World Hybrid/Electric Light Vehicle Demand by Region
10 World Electronic Product Shipments by Region
11 World Fuel Cell System Costs
SECTION III - TECHNOLOGY
1 World Battery Demand by Region
2 World Internal Combustion Engine Demand by Region
3 World Turbine Demand by Region
SECTION IV - SUPPLY & DEMAND
1 Total World Fuel Cell Spending by Type & Region
2 World Commercial Fuel Cell Demand by Region
3 Total World Commercial Fuel Cell Demand by Product
4 World Commercial Fuel Cell Demand by Chemistry
5 World Commercial Proton-Exchange Membrane Fuel Cell
Demand by Application & Region
6 World Commercial Molten Carbonate Fuel Cell Demand
by Application & Region
7 World Commercial Phosphoric Acid Fuel Cell Demand by
Application & Region
8 World Commercial Solid-Oxide Fuel Cell Demand by
Application & Region
9 World Commercial Direct Methanol Fuel Cell Demand by
Application & Region
10 World Commercial Alkaline Fuel Cell Demand by
Application & Region
11 World Commercial Demand for Other Fuel Cell Types
by Application & Region
12 World Commercial Fuel Cell Demand by Application
13 World Commercial Fuel Cell Systems Demand
by Application
14 World Commercial Electric Power Generation Fuel Cell
Demand by Chemistry, Region & Product
15 World Commercial Industrial Stationary & Motive Power
Fuel Cell Demand by Application, Chemistry, Region
& Product
16 World Commercial Motor Vehicle Fuel Cell Demand
by Chemistry, Region & Product
17 World Commercial Demand for Fuel Cells Used in Other
Transportation Applications by Chemistry, Region
& Product
18 World Commercial Portable Electronics Fuel Cell
Demand by Chemistry, Region & Product
19 World Commercial Demand for Fuel Cells Used in Other
Applications by Chemistry, Region & Product
20 Selected International Fuel Cell Programs
SECTION V - NORTH AMERICA
1 North America - Economic & Market Environment
2 North America - Commercial Fuel Cell Demand
3 United States - Economic & Market Environment
4 United States - Commercial Fuel Cell Demand
5 Canada - Economic & Market Environment
6 Canada - Commercial Fuel Cell Demand
7 Mexico - Economic & Market Environment
8 Mexico - Commercial Fuel Cell Demand
SECTION VI - WESTERN EUROPE
1 Western Europe - Economic & Market Environment
2 Western Europe - Commercial Fuel Cell Demand
3 Germany - Economic & Market Environment
4 Germany - Commercial Fuel Cell Demand
5 United Kingdom - Economic & Market Environment
6 United Kingdom - Commercial Fuel Cell Demand
7 Italy - Economic & Market Environment
8 Italy - Commercial Fuel Cell Demand
9 France - Economic & Market Environment
10 France - Commercial Fuel Cell Demand
11 Spain - Economic & Market Environment
12 Spain - Commercial Fuel Cell Demand
13 Netherlands - Economic & Market Environment
14 Netherlands - Commercial Fuel Cell Demand
15 Other Western Europe - Economic & Market Environment
16 Other Western Europe - Commercial Fuel Cell Demand
SECTION VII - ASIA/PACIFIC
1 Asia/Pacific - Economic & Market Environment
2 Asia/Pacific - Commercial Fuel Cell Demand
3 Japan - Economic & Market Environment
4 Japan - Commercial Fuel Cell Demand
5 South Korea - Economic & Market Environment
6 South Korea - Commercial Fuel Cell Demand
7 China - Economic & Market Environment
8 China - Commercial Fuel Cell Demand
9 India - Economic & Market Environment
10 India - Commercial Fuel Cell Demand
11 Australia - Economic & Market Environment
12 Australia - Commercial Fuel Cell Demand
13 Other Asia/Pacific - Economic & Market Environment
14 Other Asia/Pacific - Commercial Fuel Cell Demand
SECTION VIII - OTHER REGIONS
1 Latin America - Economic & Market Environment
2 Latin America - Commercial Fuel Cell Demand
3 Eastern Europe - Economic & Market Environment
4 Eastern Europe - Commercial Fuel Cell Demand
5 Russia - Economic & Market Environment
6 Russia - Commercial Fuel Cell Demand
7 Other Eastern Europe - Economic & Market Environment
8 Other Eastern Europe - Commercial Fuel Cell Demand
9 Africa/Mideast - Economic & Market Environment
10 Africa/Mideast - Commercial Fuel Cell Demand
SECTION IX - INDUSTRY STRUCTURE
1 Fuel Cell-Related Revenues for Selected Companies, 2008
2 Research & Development Spending by Selected Fuel Cell
Companies, 2006-2008
3 Selected Cooperative Agreements
4 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II - MARKET ENVIRONMENT
1 World Energy Production by Type, 1998-2018
2 World Fuel Cell System Costs, 1998-2018
SECTION III - TECHNOLOGY
1 Basic Fuel Cell Construction
2 Gravimetric Energy Density of Various Power Conversion
& Storage Systems
SECTION IV - SUPPLY & DEMAND
1 Relationship Between Per Capita Fuel Cell Demand &
Per Capita GDP, 2018
2 Total World Fuel Cell Spending by Region, 2018
3 World Commercial Fuel Cell Demand by Region, 2018
4 World Commercial Fuel Cell Demand by Chemistry, 2018
5 World Commercial Fuel Cell Demand by Application, 2018
6 World Commercial Fuel Cell Systems Demand by
Application, 1998-2018
SECTION V - NORTH AMERICA
1 North America - Commercial Fuel Cell Demand by
Country, 2018
SECTION VI - WESTERN EUROPE
1 Western Europe - Commercial Fuel Cell Demand by
Country, 2018
SECTION VII - ASIA/PACIFIC
1 Asia/Pacific - Commercial Fuel Cell Demand by
Country, 2018
SECTION IX - INDUSTRY STRUCTURE
1 World Fuel Cell Market Share by Company, 2008
Delivery Details
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