Fuel Cells for Marine Vessels Market
Research Information by Type (PEMFC, SOFC, PAFC, DMFC, and Others), Application
(Commercial, Defense), Power Output (<200 KW, >200KW), & Region –
Forecast till 2027
Market Highlights:
Fuel cells are flexible in nature and
can be used as a single cell or in stacks. As a result, the power produced can
be channelized through a ship, without an increase in the consumption of
conventional fuel. Fuel cells are used in marine vessels to power the
propulsion system and cater to the onboard energy consumption requirements. The
increased need for alternate propulsion system will create new growth
opportunities for the Fuel Cells for Marine Vessels Market players. The factors driving the growth of
the fuel cells for the marine vessels market are increasing demand for
alternative propulsion systems, low operating costs, and focus on curbing
pollution. However, there are some shortcomings in the operative performance of
the fuel cells for marine vessels such as high capital cost, low lifetime of
fuel cell stack, and issues in the design of propulsion system. The market for
fuel cells for marine vessels is estimated to witness 6% CAGR during the
forecast period.
On the basis of region, the market is
segmented into North America, Asia Pacific, Europe, Middle East & Africa,
and Latin America. In North America, the rising investment in the fuel cell
technology in both military and commercial marine sectors. In the European
region, increase in several industry consortia developing fuel cell powered
vessels. Meanwhile, in 2016, Meyer Werft GmbH & Co. KG signed a contract
with thyssenkrupp Marine Systems GmbH to developed fuel cell system for seagoing
vessels under e4ships program. Similarly, in 2013, Nuvera Fuel Cells, Llc,
signed a contract with Italian Shipbuilder, Fincentieri S.p.A, to produce and
deliver fuel cell stacks for use on marine vessels.
The scope of the Report
This study provides an overview of the
Fuel Cells for Marine Vessels Market, tracking three market segments across
five geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume, and share for North
America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin
America. The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study
segments the fuel cells for marine vessels market by its type, application,
power output, and region.
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By Type
By Application
By Power Output
By Region
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Key Players
The key players in fuel cells for marine
vessels market are Fiskerstrand Verft AS (Norway), MEYER WERFT GmbH & Co.
KG (Germany), Nuvera Fuel Cells LLC (U.S.), Dynad International BV
(Netherland), PowerCell (Sweden), SerEnergy A/S (Denmark), Toshiba Corporation
(Japan), Siemens (Germany), Proton Motor GmbH (Germany), and Watt Fuel
Cell Corporation (U.S.).
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Fuel Cells For Marine Vessels
Market, By Type
5.1 Introduction
5.2 Polymer Electrolyte Membrane Fuel
Cell (PEMFC)
5.2.1 Market Estimates & Forecast,
2020-2027
5.2.2 Market Estimates & Forecast
By Region, 2020-2027
5.3 Solid Oxide Fuel Cell (SOFC)
5.3.1 Market Estimates & Forecast,
2020-2027
5.3.2 Market Estimates & Forecast
By Region, 2020-2027
5.4 Direct Methanol Fuel Cells (DMFC)
5.4.1 Market Estimates & Forecast,
2020-2027
5.4.2 Market Estimates & Forecast
By Region, 2020-2027
5.5 Phosphoric Acid Fuel Cells (PAFC)
5.5.1 Market Estimates & Forecast,
2020-2027
5.5.2 Market Estimates & Forecast
By Region, 2020-2027
5.6 Others
5.6.1 Market Estimates & Forecast,
2020-2027
5.6.2 Market Estimates & Forecast
By Region, 2020-2027
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