Alkaline Fuel Cells Market Developments by 2031
MARKET INTRODUCTION
Alkaline fuel cells are devices that helps in the conversion of chemical energy to electrical energy. The reaction involves using oxygen or oxidizing agent for redox reactions. Alkaline fuel cell (AFC) deploys an alkaline as its electrolyte. AFC are one of the most advanced and low-cost available fuel cell technologies with high operational efficiencies of more than 60%.
MARKET DYNAMICS
Some of the most important factors responsible for the growth of the global alkaline fuel cell market is its efficiency compared to PEM fuel cell in given general conditions. It also offers advantages like quick start at zero temperatures, and higher conductivity. These factors are further expected to contribute to the growth of the global alkaline fuel cell market over the forecast period.
MARKET SCOPE
The "Global Alkaline Fuel Cells Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The alkaline fuel cells market report aims to provide an overview of the alkaline fuel cells market with detailed market segmentation by type, application, and geography. The global alkaline fuel cells market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading alkaline fuel cells market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global alkaline fuel cells market is segmented based on type, application. Based on type, the alkaline fuel cells market is segmented into circulating electrolyte alkaline fuel cell, fixed electrolyte alkaline fuel cell, dissolved fuel alkaline fuel cell. Based on application, the alkaline fuel cells market is segmented into telecommunications, military, transportation, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global alkaline fuel cells market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The alkaline fuel cells market by each region is later sub-segmented by respective countries and segments. The alkaline fuel cells market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the alkaline fuel cells market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the alkaline fuel cells market in these regions.
IMPACT OF COVID-19 ON ALKALINE FUEL CELLS MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global alkaline fuel cells market. The demand for alkaline fuel cells from the end use industries declined significantly owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the alkaline fuel cells manufacturing thereby impacting the growth of the global alkaline fuel cells market from the supply side as well.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global alkaline fuel cells market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The alkaline fuel cells market by each region is later sub-segmented by respective countries and segments. The alkaline fuel cells market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the alkaline fuel cells market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the alkaline fuel cells market in these regions.
IMPACT OF COVID-19 ON ALKALINE FUEL CELLS MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global alkaline fuel cells market. The demand for alkaline fuel cells from the end use industries declined significantly owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the alkaline fuel cells manufacturing thereby impacting the growth of the global alkaline fuel cells market from the supply side as well.
MARKET PLAYERS
The reports cover key developments in the alkaline fuel cells market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from alkaline fuel cells market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the alkaline fuel cells market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the alkaline fuel cells market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alkaline Fuel Cell Power
- Bloom Energy
- Toshiba
- Samsung SDI
- Ballard Power Systems Inc.
- Hitachi Ltd
- Delphi
- Panasonic Corp
- Doosan
- GS Yuasa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Table Of Contents
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Alkaline Fuel Cells Market - By Type
1.3.2 Alkaline Fuel Cells Market - By Application
1.3.3 Alkaline Fuel Cells Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALKALINE FUEL CELLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ALKALINE FUEL CELLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ALKALINE FUEL CELLS MARKET - GLOBAL MARKET ANALYSIS
6.1. ALKALINE FUEL CELLS - GLOBAL MARKET OVERVIEW
6.2. ALKALINE FUEL CELLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ALKALINE FUEL CELLS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CIRCULATING ELECTROLYTE ALKALINE FUEL CELL
7.3.1. Overview
7.3.2. Circulating Electrolyte Alkaline Fuel Cell Market Forecast and Analysis
7.4. FIXED ELECTROLYTE ALKALINE FUEL CELL
7.4.1. Overview
7.4.2. Fixed Electrolyte Alkaline Fuel Cell Market Forecast and Analysis
7.5. DISSOLVED FUEL ALKALINE FUEL CELL
7.5.1. Overview
7.5.2. Dissolved Fuel Alkaline Fuel Cell Market Forecast and Analysis
8. ALKALINE FUEL CELLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TELECOMMUNICATIONS
8.3.1. Overview
8.3.2. Telecommunications Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
8.5. TRANSPORTATION
8.5.1. Overview
8.5.2. Transportation Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ALKALINE FUEL CELLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Alkaline Fuel Cells Market Overview
9.1.2 North America Alkaline Fuel Cells Market Forecasts and Analysis
9.1.3 North America Alkaline Fuel Cells Market Forecasts and Analysis - By Type
9.1.4 North America Alkaline Fuel Cells Market Forecasts and Analysis - By Application
9.1.5 North America Alkaline Fuel Cells Market Forecasts and Analysis - By Countries
9.1.5.1 United States Alkaline Fuel Cells Market
9.1.5.1.1 United States Alkaline Fuel Cells Market by Type
9.1.5.1.2 United States Alkaline Fuel Cells Market by Application
9.1.5.2 Canada Alkaline Fuel Cells Market
9.1.5.2.1 Canada Alkaline Fuel Cells Market by Type
9.1.5.2.2 Canada Alkaline Fuel Cells Market by Application
9.1.5.3 Mexico Alkaline Fuel Cells Market
9.1.5.3.1 Mexico Alkaline Fuel Cells Market by Type
9.1.5.3.2 Mexico Alkaline Fuel Cells Market by Application
9.2. EUROPE
9.2.1 Europe Alkaline Fuel Cells Market Overview
9.2.2 Europe Alkaline Fuel Cells Market Forecasts and Analysis
9.2.3 Europe Alkaline Fuel Cells Market Forecasts and Analysis - By Type
9.2.4 Europe Alkaline Fuel Cells Market Forecasts and Analysis - By Application
9.2.5 Europe Alkaline Fuel Cells Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Alkaline Fuel Cells Market
9.2.5.1.1 Germany Alkaline Fuel Cells Market by Type
9.2.5.1.2 Germany Alkaline Fuel Cells Market by Application
9.2.5.2 France Alkaline Fuel Cells Market
9.2.5.2.1 France Alkaline Fuel Cells Market by Type
9.2.5.2.2 France Alkaline Fuel Cells Market by Application
9.2.5.3 Italy Alkaline Fuel Cells Market
9.2.5.3.1 Italy Alkaline Fuel Cells Market by Type
9.2.5.3.2 Italy Alkaline Fuel Cells Market by Application
9.2.5.4 United Kingdom Alkaline Fuel Cells Market
9.2.5.4.1 United Kingdom Alkaline Fuel Cells Market by Type
9.2.5.4.2 United Kingdom Alkaline Fuel Cells Market by Application
9.2.5.5 Russia Alkaline Fuel Cells Market
9.2.5.5.1 Russia Alkaline Fuel Cells Market by Type
9.2.5.5.2 Russia Alkaline Fuel Cells Market by Application
9.2.5.6 Rest of Europe Alkaline Fuel Cells Market
9.2.5.6.1 Rest of Europe Alkaline Fuel Cells Market by Type
9.2.5.6.2 Rest of Europe Alkaline Fuel Cells Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Alkaline Fuel Cells Market Overview
9.3.2 Asia-Pacific Alkaline Fuel Cells Market Forecasts and Analysis
9.3.3 Asia-Pacific Alkaline Fuel Cells Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Alkaline Fuel Cells Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Alkaline Fuel Cells Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Alkaline Fuel Cells Market
9.3.5.1.1 Australia Alkaline Fuel Cells Market by Type
9.3.5.1.2 Australia Alkaline Fuel Cells Market by Application
9.3.5.2 China Alkaline Fuel Cells Market
9.3.5.2.1 China Alkaline Fuel Cells Market by Type
9.3.5.2.2 China Alkaline Fuel Cells Market by Application
9.3.5.3 India Alkaline Fuel Cells Market
9.3.5.3.1 India Alkaline Fuel Cells Market by Type
9.3.5.3.2 India Alkaline Fuel Cells Market by Application
9.3.5.4 Japan Alkaline Fuel Cells Market
9.3.5.4.1 Japan Alkaline Fuel Cells Market by Type
9.3.5.4.2 Japan Alkaline Fuel Cells Market by Application
9.3.5.5 South Korea Alkaline Fuel Cells Market
9.3.5.5.1 South Korea Alkaline Fuel Cells Market by Type
9.3.5.5.2 South Korea Alkaline Fuel Cells Market by Application
9.3.5.6 Rest of Asia-Pacific Alkaline Fuel Cells Market
9.3.5.6.1 Rest of Asia-Pacific Alkaline Fuel Cells Market by Type
9.3.5.6.2 Rest of Asia-Pacific Alkaline Fuel Cells Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Alkaline Fuel Cells Market Overview
9.4.2 Middle East and Africa Alkaline Fuel Cells Market Forecasts and Analysis
9.4.3 Middle East and Africa Alkaline Fuel Cells Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Alkaline Fuel Cells Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Alkaline Fuel Cells Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Alkaline Fuel Cells Market
9.4.5.1.1 South Africa Alkaline Fuel Cells Market by Type
9.4.5.1.2 South Africa Alkaline Fuel Cells Market by Application
9.4.5.2 Saudi Arabia Alkaline Fuel Cells Market
9.4.5.2.1 Saudi Arabia Alkaline Fuel Cells Market by Type
9.4.5.2.2 Saudi Arabia Alkaline Fuel Cells Market by Application
9.4.5.3 U.A.E Alkaline Fuel Cells Market
9.4.5.3.1 U.A.E Alkaline Fuel Cells Market by Type
9.4.5.3.2 U.A.E Alkaline Fuel Cells Market by Application
9.4.5.4 Rest of Middle East and Africa Alkaline Fuel Cells Market
9.4.5.4.1 Rest of Middle East and Africa Alkaline Fuel Cells Market by Type
9.4.5.4.2 Rest of Middle East and Africa Alkaline Fuel Cells Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Alkaline Fuel Cells Market Overview
9.5.2 South and Central America Alkaline Fuel Cells Market Forecasts and Analysis
9.5.3 South and Central America Alkaline Fuel Cells Market Forecasts and Analysis - By Type
9.5.4 South and Central America Alkaline Fuel Cells Market Forecasts and Analysis - By Application
9.5.5 South and Central America Alkaline Fuel Cells Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Alkaline Fuel Cells Market
9.5.5.1.1 Brazil Alkaline Fuel Cells Market by Type
9.5.5.1.2 Brazil Alkaline Fuel Cells Market by Application
9.5.5.2 Argentina Alkaline Fuel Cells Market
9.5.5.2.1 Argentina Alkaline Fuel Cells Market by Type
9.5.5.2.2 Argentina Alkaline Fuel Cells Market by Application
9.5.5.3 Rest of South and Central America Alkaline Fuel Cells Market
9.5.5.3.1 Rest of South and Central America Alkaline Fuel Cells Market by Type
9.5.5.3.2 Rest of South and Central America Alkaline Fuel Cells Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ALKALINE FUEL CELLS MARKET, KEY COMPANY PROFILES
11.1. ALKALINE FUEL CELL POWER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BLOOM ENERGY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TOSHIBA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SAMSUNG SDI
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BALLARD POWER SYSTEMS INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HITACHI LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. DELPHI
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PANASONIC CORP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. DOOSAN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GS YUASA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Alkaline Fuel Cell Power
- Bloom Energy
- Toshiba
- Samsung SDI
- Ballard Power Systems Inc.
- Hitachi Ltd
- Delphi
- Panasonic Corp
- Doosan
- GS Yuasa
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.