Fuel Cells For Marine Vessels Market Receive a Fillip Owing to...

Fuel Cells For Marine Vessels Market Receive a Fillip Owing to Burgeoning Demand During the Forecast Period 2027

Posted 2022-05-05 10:36:28

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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

Polymer Electrolyte Membrane Fuel Cell (PEMFC)
Solid Oxide Fuel Cell (SOFC)
Direct Methanol Fuel Cells (DMFC)
Phosphoric Acid Fuel Cells (PAFC)
Others

By Application

Commercial
Defense

By Power Output

< 200 KW
> 200 KW

By Region

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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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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