NEW YORK, Sept. 28, 2022 /PRNewswire/ — One of the key factors driving the fuel cells for marine vessels market growth is the demand for alternate propulsion systems. Conventional systems are generally based on diesel engines and gas turbines that convert chemical energy into mechanical energy. However, in recent years, there has been a shift toward alternative propulsion systems. Diesel and gas are non-renewable sources of energy. They are rare and are subject to price fluctuations. In addition, they release harmful gases during combustion. Moreover, the operation of diesel engines generates noise pollution. The engines require regular maintenance, which results in high operational costs. Hence, marine vessel operators are switching to other propulsion systems such as electric propulsion systems.
Technavio has announced its latest market research report titled Global Fuel Cells for Marine Vessels Market
The fuel cells for marine vessels market size is expected to grow by USD 64.91 million from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 4.2% during the forecast period, according to Technavio.
Use the analysis and insights provided by Technavio for effective decision-making. Download a FREE PDF Sample Report
Key Vendors are their Offerings
Bloom Energy, Dynad International BV, Hyster-Yale Materials Handling Inc., PowerCell Sweden AB, Proton Power Systems plc, SerEnergy AS, SFC Energy AG, Siemens AG, Toshiba Corp., Watt Fuel Cell Corp., among others, are the main players in the market. The key offerings of some of these vendors are listed below:
Bloom Energy – The energy server platform offered by the company can be integrated with PowerSecure’s auxiliary battery system to meet the energy needs of a facility with flexible lithium-ion battery output powered solely by clean, fuel cell-generated electricity.
Dynad International BV – The company offers Hydromax 150 fuel cell, which is a fuel cell battery charger with applications in marine vessels such as engine yachts, sailing yachts, and others.
Hyster-Yale Materials Handling Inc. – The company offers fuel cell engines under the brand name Nuvera, which has many applications in outputs ranging from 10 to 100 kW and higher.
PowerCell Sweden AB – The company’s fuel cell systems are environmentally friendly and generate power, which are targeting the needs of the mobile and stationary industries.
Proton Power Systems plc – The company’s fuel cell systems are ideal components of a green, sustainable, and decentralized power supply.
This report provides a full list of key vendors, their strategies, and latest developments. Buy Now to gain access to exclusive vendor information
Fuel Cells For Marine Vessels Market Technology Outlook (Revenue, USD mn, 2020-2025)
PEMFC – size and forecast 2020-2025
SOFC – size and forecast 2020-2025
Other fuel cells – size and forecast 2020-2025
Fuel Cells For Marine Vessels Market Geography Outlook (Revenue, USD mn, 2020-2025)
North America – size and forecast 2020-2025
APAC – size and forecast 2020-2025
Europe – size and forecast 2020-2025
South America – size and forecast 2020-2025
MEA – size and forecast 2020-2025
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Revenue-generating Technology Segments
The PEMFC segment will be the largest contributor to market growth during the forecast period. Proton exchange membrane fuel cell (PEMFC) or polymer electrolyte membrane (PEM) fuel cells cater to maritime transport applications. They can be either fixed or portable. The subcategories of PEMFC include high-temperature PEMFC (HTPEMFC) and direct methanol PEMFC (DMPEMFC), which have different operating temperatures.
Related Reports
Heavy Construction Equipment Market by Type and Geography – Forecast and Analysis 2022-2026: The heavy construction equipment market size is projected to grow by USD 46.09 billion from 2021 to 2026.
Hydraulic Excavator Market by Technology, Application, and Geography – Forecast and Analysis 2022-2026: The hydraulic excavator market share is expected to increase by USD 6.04 billion from 2021 to 2026.
|
Fuel Cells for Marine Vessels Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.2% |
|
Market growth 2021-2025 |
USD 64.91 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.00 |
|
Regional analysis |
North America, APAC, Europe, South America, and MEA |
|
Performing market contribution |
APAC at 39% |
|
Key consumer countries |
US, Japan, Germany, and China |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Key companies profiled |
Bloom Energy, Dynad International BV, Hyster-Yale Materials Handling Inc., PowerCell Sweden AB, Proton Power Systems plc, SerEnergy AS, SFC Energy AG, Siemens AG, Toshiba Corp., and Watt Fuel Cell Corp. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse Industrials Market Reports
Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Construction machinery and heavy trucks
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
4.1 Five forces analysis 2020 & 2025
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Technology
5.1 Market segments
Exhibit 15: Technology – Market share 2020-2025 (%)
5.2 Comparison by Technology
Exhibit 16: Comparison by Technology
5.3 PEMFC – Market size and forecast 2020-2025
Exhibit 17: PEMFC – Market size and forecast 2020-2025 ($ million)
Exhibit 18: PEMFC – Year-over-year growth 2020-2025 (%)
5.4 SOFC – Market size and forecast 2020-2025
Exhibit 19: SOFC – Market size and forecast 2020-2025 ($ million)
Exhibit 20: SOFC – Year-over-year growth 2020-2025 (%)
5.5 Other fuel cells – Market size and forecast 2020-2025
Exhibit 21: Other fuel cells – Market size and forecast 2020-2025 ($ million)
Exhibit 22: Other fuel cells – Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Technology
Exhibit 23: Market opportunity by Technology
6 Customer landscape
6.1 Customer landscape
Exhibit 24: Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 25: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 26: Geographic comparison
7.3 North America – Market size and forecast 2020-2025
Exhibit 27: North America – Market size and forecast 2020-2025 ($ million)
Exhibit 28: North America – Year-over-year growth 2020-2025 (%)
7.4 APAC – Market size and forecast 2020-2025
Exhibit 29: APAC – Market size and forecast 2020-2025 ($ million)
Exhibit 30: APAC – Year-over-year growth 2020-2025 (%)
7.5 Europe – Market size and forecast 2020-2025
Exhibit 31: Europe – Market size and forecast 2020-2025 ($ million)
Exhibit 32: Europe – Year-over-year growth 2020-2025 (%)
7.6 MEA – Market size and forecast 2020-2025
Exhibit 33: MEA – Market size and forecast 2020-2025 ($ million)
Exhibit 34: MEA – Year-over-year growth 2020-2025 (%)
7.7 South America – Market size and forecast 2020-2025
Exhibit 35: South America – Market size and forecast 2020-2025 ($ million)
Exhibit 36: South America – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 37: Key leading countries
7.9 Market opportunity by geography
Exhibit 38: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 39: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Overview
Exhibit 40: Vendor landscape
9.2 Landscape disruption
Exhibit 41: Landscape disruption
Exhibit 42: Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
10.3 Bloom Energy Corp.
Exhibit 45: Bloom Energy Corp. – Overview
Exhibit 46: Bloom Energy Corp. – Product and service
Exhibit 47: Bloom Energy Corp. – Key news
Exhibit 48: Bloom Energy Corp. – Key offerings
10.4 Dynad International BV
Exhibit 49: Dynad International BV – Overview
Exhibit 50: Dynad International BV – Product and service
Exhibit 51: Dynad International BV – Key offerings
10.5 Hyster-Yale Materials Handling Inc.
Exhibit 52: Hyster-Yale Materials Handling Inc. – Overview
Exhibit 53: Hyster-Yale Materials Handling Inc. – Business segments
Exhibit 54: Hyster-Yale Materials Handling Inc. – Key offerings
Exhibit 55: Hyster-Yale Materials Handling Inc. – Segment focus
10.6 Plug Power Inc.
Exhibit 56: Plug Power Inc. – Overview
Exhibit 57: Plug Power Inc. – Product and service
Exhibit 58: ?Plug Power Inc. – Key news
Exhibit 59: Plug Power Inc. – Key offerings
10.7 PowerCell Sweden AB
Exhibit 60: PowerCell Sweden AB – Overview
Exhibit 61: PowerCell Sweden AB – Product and service
Exhibit 62: PowerCell Sweden AB – Key offerings
10.8 Proton Power Systems plc
Exhibit 63: Proton Power Systems plc – Overview
Exhibit 64: Proton Power Systems plc – Product and service
Exhibit 65: ?Proton Power Systems plc – Key news
Exhibit 66: Proton Power Systems plc – Key offerings
10.9 SFC Energy AG
Exhibit 67: SFC Energy AG – Overview
Exhibit 68: SFC Energy AG – Business segments
Exhibit 69: ?SFC Energy AG – Key news
Exhibit 70: SFC Energy AG – Key offerings
Exhibit 71: SFC Energy AG – Segment focus
10.10 Siemens AG
Exhibit 72: Siemens AG – Overview
Exhibit 73: Siemens AG – Business segments
Exhibit 74: ?Siemens AG – Key news
Exhibit 75: Siemens AG – Key offerings
Exhibit 76: Siemens AG – Segment focus
10.11 Toshiba Corp.
Exhibit 77: Toshiba Corp. – Overview
Exhibit 78: Toshiba Corp. – Business segments
Exhibit 79: ?Toshiba Corp. – Key news
Exhibit 80: Toshiba Corp. – Key offerings
Exhibit 81: Toshiba Corp. – Segment focus
10.12 Watt Fuel Cell Corp.
Exhibit 82: Watt Fuel Cell Corp. – Overview
Exhibit 83: Watt Fuel Cell Corp. – Product and service
Exhibit 84: Watt Fuel Cell Corp. – Key offerings
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
11.3 Research methodology
Exhibit 86: Research Methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
11.4 List of abbreviations
Exhibit 89: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: newsroom.technavio.org/news/fuel-cells-for-marine-vesselsmarket
SOURCE Technavio