World Fuel Cells

Industry forecasts for 2011 & 2016

Publication Date	March 2007
Publisher	Freedonia Group
Product Type	Report
Pages	292
ISBN Number	not applicable
Product Code	FED00113

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£3,690.00
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Summary

Global fuel cell spending to increase 15% per year through 2011

Global fuel cell spending - including research and development funding and investment in fuel cell enterprises, as well as commercial sales - is projected to grow in excess of 15 percent per year through 2011 to more than $10 billion and total $19 billion in 2016. Commercial demand for fuel cell products and services - including revenues associated with prototyping, demonstration and test marketing activities - will expand nearly sixfold to $2.5 billion in 2011 and reach $8.5 billion in 2016. Despite the small size of fuel cell technology's current commercial footprint, a number of viable markets are expected to develop over the next ten years as technological advances and economies of scale help drive costs down to competitive levels. High energy prices and environmental concerns will also contribute to fuel cell commercialization and market gains.

Demand to remain concentrated in five countries In 2006, five countries - the US, Japan, Germany, Canada and the UK - accounted for four-fifths of all commercial fuel cell demand. These and other developed nations will continue to account for the vast majority of product and service sales over the next decade, with a few notable exceptions, like China.

Most developing countries are not expected to become sizable fuel cell markets until some time later, due both to less evolved end-use sectors and a scarcity of capital to invest in earlygeneration fuel cell systems. However, fuel cells will find some use as a source of electricity in developing nations with inadequate central power grids.

Portable electronics market to grow the fastest

With a number of products now on the market, electric power generation applications accounted for well over half of all commercial fuel cell sales in 2006. However, the portable electronics market is forecast to register the strongest growth through 2011 and beyond, rising from what are presently extremely low levels of demand, as commercialization activity picks up. Advances will be spurred by the considerably lower cost hurdles that exist in this market and the ability of fuel cells to offer much longer run times than even the best battery designs. Demand for fuel cell-powered motor vehicles will also rise at a healthy rate, driven by increases in prototyping, demonstration and test marketing activity as fuel cell technology continues to improve and manufacturing costs decline. Nevertheless, the use of fuel cells as an auxiliary power source on buses and trucks, an application that is less price sensitive than vehicle propulsion, could well occur before fuel cellpowered vehicles are on the road in commercially significant numbers.

Study coverage

This 393-page Freedonia industry study, World Fuel Cells, is available for $5500. It presents historical demand data (1996, 2001 and 2006) plus forecasts for 2011 and 2016 by fuel cell type and market in six regions and 14 national markets. The study also considers market environment factors, reviews fuel cell and competiing technologies, evaluates market share and profiles 39 global industry competitors.

Content

SECTION
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
- 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 Chemistry
- Proton-Exchange Membrane
- Phosphoric Acid
- Solid-Oxide
- Molten Carbonate
- Direct Methanol
- Alkaline
- Other
- Demand by Application
- Electric Power Generation
- Motor Vehicles
- Other Transportation Equipment
- Industrial Stationary & Motive Power
- Portable Electronics
- Other
- World Fuel Cell Production
- Producing Countries
- Fuel Cell Products
- Stacks & Systems
- Fuels
- Electronic Devices
- Other Products & Services
- International Trade Flows & Multinational Investment
V. NORTH AMERICA
- North America
- United States
- Canada
- Mexico
VI. WESTERN EUROPE
- Western Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Netherlands
- Other Western Europe
VII. ASIA/PACIFIC
- Asia/Pacific
- Japan
- China
- South Korea
- 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
- UTC Power
- Ballard Power Systems
- Hydrogenics
- Siemens
- FuelCell Energy
- Teledyne
- Other Companies
- Research & Product Development
- Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Financial Requirements
- Acquisitions & Divestitures
- Company Profiles
- Acumentrics Corporation
- Angstrom Power Incorporated
- Ansaldo Fuel Cells, see Finmeccanica
- AREVA Group
- Axane Fuel Cell Systems, see L Air Liquide
- Ballard Power Systems Incorporated
- Bridgeport Fuel Cell Park, see FuelCell Energy
- Ceramic Fuel Cells Limited
- CFC Solution, see Tognum
- DaimlerChrysler AG
- Distributed Energy Systems Corporation
- Finmeccanica SpA
- Ford Motor Company
- FuelCell Energy Incorporated
- General Motors Corporation
- Greenlight Power Technologies, see Hydrogenics
- Helion, see AREVA Group
- Hitachi Limited
- Honda Motor Company Limited
- Horizon Fuel Cell Technologies Pte Limited
- Hydrogenics Corporation
- Hyundai Motor Company
- IdaTech LLC
- Independent Power Technologies Limited
- Ishikawajima-Harima Heavy Industries Company Limited
- Jadoo Power Systems Incorporated
- Kia Motors, see Hyundai Motor
- L Air Liquide SA
- Mechanical Technology Incorporated
- Medis Technologies Limited
- Mesoscopic Devices, see Protonex Technology
- Mitsubishi Heavy Industries Limited
- MTI MicroFuel Cells, see Mechanical Technology
- MTU CFC Solutions, see Tognum
- NedStack Holding BV
- Northern Power Systems, see Distributed Energy
- Systems
- Plug Power Incorporated
- Proton Energy Systems, see Distributed Energy
- Systems
- Protonex Technology Corporation
- Quantum Fuel Systems Technologies Worldwide
- Incorporated
- ReliOn Incorporated
- Samsung Electronics Company Limited
- SFC Smart Fuel Cell AG
- Siemens AG
- Sunrise Power Company Limited
- Teledyne Technologies Incorporated
- Tognum GmbH
- Toshiba Corporation
- Toyota Motor Corporation
- United Technologies Corporation
- UTC Power, see United Technologies
- Voller Energy Group plc
- Other Companies Mentioned in Study
LIST OF TABLES
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
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 World Fuel Cell Spending by Type & by Region
- 2 World Commercial Fuel Cell Demand by Region
- 3 World Commercial Fuel Cell Demand by Chemistry
- 4 World Commercial Fuel Cell Demand by Application
- 5 World Commercial Electric Power Generation Fuel Cell Demand by Chemistry & by Region
- 6 World Commercial Motor Vehicle Fuel Cell Demand by Chemistry & by Region
- 7 World Commercial Demand for Fuel Cells Used in Other Transportation Equipment Applications by Chemistry & by Region
- 8 World Commercial Industrial Stationary & Motive Power Fuel Cell Demand by Chemistry & by Region
- 9 World Commercial Portable Electronics Fuel Cell Demand by Chemistry & by Region
- 10 Other Commercial World Fuel Cell Demand by Chemistry & by Region
- 11 Selected International Fuel Cell Programs
- 12 World Commercial Fuel Cell Demand by Product
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 China - Economic & Market Environment
- 6 China - Commercial Fuel Cell Demand
- 7 South Korea - Economic & Market Environment
- 8 South Korea - Commercial Fuel Cell Demand
- 9 Australia - Economic & Market Environment
- 10 Australia - Commercial Fuel Cell Demand
- 11 Other Asia/Pacific - Economic & Market Environment
- 12 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, 2006
- 2 Research & Development Spending by Selected Fuel Cell Companies
- 3 Selected Cooperative Agreements
- 4 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II - MARKET ENVIRONMENT
- 1 World Energy Production by Type, 1996-2016
- 2 World Fuel Cell Costs, 2001-2016
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, 2016
- 2 Total Fuel Cell Spending by Region, 2016
- 3 World Commercial Fuel Cell Demand by Region, 2016
- 4 World Commercial Fuel Cell Demand by Chemistry, 2016
- 5 World Commercial Fuel Cell Demand by Application, 2016
SECTION IX - INDUSTRY STRUCTURE
- 1 World Fuel Cell Market Share by Company, 2006