The global market size of Phosphoric Acid Fuel Cell (PAFC) is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2025 with a CAGR of XX% from 2019 to 2025.
Overview:
Phosphoric acid fuel cells (PAFC) use liquid phosphoric acid as an electrolyte. Fuel cells have several advantages, such as eco-friendliness, increased efficiency, and longer life than others. A phosphoric acid fuel cell is an important component of the power source in appliances. The global phosphoric acid fuel cell market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
Increasing applications of fuel cells in the automotive sector are expected to drive the growth of the global phosphoric acid fuel cell market over the forecast period. For instance, in 2018, Tata Motors launched India's first hydrogen fuel cell bus in collaboration with the Indian Oil and the Indian Space Research Organization. Rising demand for stationary fuel cells in schools, buildings, and recreation malls is also expected to fuel market growth. Moreover, favorable government initiatives for the development of fuel cell infrastructure, such as hydrogen refueling stations, are expected to propel the global phosphoric acid fuel cell market growth.
Restraint:
Lack of fuel cell infrastructure, as well as the high costs associated with a fuel cell, is expected to hinder the growth of the global phosphoric acid fuel cell market during the forecast period.
Regional Insights:
Asia Pacific is expected to register robust growth in the global phosphoric acid fuel cell market due to favorable government initiatives for the development of fuel cell infrastructure in this region. For instance, China offers a subsidy of around US$ 22,000 on a fuel cell car.
North America is also expected to witness significant growth in the global phosphoric acid fuel cell market, owing to the rising demand for electric and hybrid vehicles in this region.
Competitive Section:
Kay players operating in the global phosphoric acid fuel cell market are Johnson Controls, Delphi, Hitachi Ltd., Panasonic, Dupont Fuel Cell, 2G Energy, and Cmr Fuel Cells Plc.
➟ In November 2019, Panasonic built the hydrogen station, H2 Kusatsu Farm, in Japan to verify the practicality of hydrogen energy, a next-generation energy source.
➟ In July 2019, 2G Energy received an order to deliver a hydrogen-powered CHP system to Siemens.
Global Phosphoric Acid Fuel Cell (PAFC) Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Phosphoric Acid Fuel Cell (PAFC) industry. The key insights of the report:
1.The report provides key statistics on the market status of the Phosphoric Acid Fuel Cell (PAFC) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2025 market development trends of the Phosphoric Acid Fuel Cell (PAFC) industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Phosphoric Acid Fuel Cell (PAFC) Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For the competitor segment, the report includes global key players of Phosphoric Acid Fuel Cell (PAFC) as well as some small players. At least 14 companies are included:
* Johnson Controls
* Dupont Fuel Cell
* Hitachi Ltd
* Johnson Controls
* Delphi
* Cmr Fuel Cells Plc
For a complete companies list, please ask for sample pages.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For the product type segment, this report listed main product type of Phosphoric Acid Fuel Cell (PAFC) market
* Hydrogen Fuel
* Alcohol Fuel
* Other
For end use/application segment, this report focuses on the status and outlook for key applications. End users are also listed.
* Power Plant
* Large Vehicles
* Other
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers the following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil, etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized reports to fulfill the special requirements of our clients. Regional and Countries report can be provided as well.
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