Fuel Cells (Industry forecasts for 2012, 2017 & 2025)

Abstract

US fuel cell market to expand sixfold through 2012

The US market for commercial fuel cell products and services is forecast to expand almost sixfold through 2012 to $975 million and reach $3.3 billion by 2017. Demand will be bolstered by ongoing environmental concerns that will spur social interest in less pollutant energy sources, as well as continued efforts to reduce US dependence on foreign oil. The commercial market will be somewhat restrained, on the other hand, by persistent cost hurdles, particularly in motor vehicle applications, as many types of fuel cells require a highpriced platinum catalyst as well as extensive investment in R&D.

Study coverage

It presents historical demand data (2002, 2007) plus forecasts for 2012, 2017 and 2025 by fuel cell chemistry, fuel, device and application. The study also considers market environment factors, evaluates company market share and profiles leading industry competitors.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

• General
• Macroeconomic Environment
• Long-Term Trends
• Industrial Sector Outlook
  • Power Generation Sector
  • Motor Vehicle Sector
  • Electronics & Communications Sector
  • Chemicals Sector
  • Military/Aerospace Sector
  • Public/Institutional Sector
• Cost/Pricing Dynamics
• Legal & Regulatory Environment
• International Environment
  • World Fuel Cell Markets
  • International Fuel Cell Programs
  • Foreign Trade & Multinational Investment

III. TECHNOLOGY

• General
• Basic Electrical Properties
• Fuel Cell Construction & Operation
• Fuel Cell Chemistries
  • Alkaline
  • Direct Methanol
  • Molten Carbonate
  • Phosphoric Acid
  • Proton-Exchange Membrane
  • Solid-Oxide
  • Other
• Hydrogen Fuel Sources
• Fuel Cell Materials
  • Catalysts
  • Electrodes, Electrolytes & Plates
  • Nanotechnology
• Alternative Sources of Power
  • Batteries
  • Internal Combustion Engines
  • Turbines & Microturbines
  • Other Sources of Power

IV. PRODUCTS

• General
• Commercial Fuel Cell Demand
• Fuel Cell Stacks & Systems
  • Proton-Exchange Membrane
  • Phosphoric Acid
  • Molten Carbonate
  • Solid-Oxide
  • Alkaline
  • Direct Methanol
  • Other
• Fuel Cell Fuels
  • Hydrocarbon-Based
  • Pure Hydrogen
  • Renewable Sources
  • Other
• Fuel Cell Electronic Devices
  • Test Equipment
  • Power Conditioning Devices
  • Controls & Other
• Other Fuel Cell Products & Services
  • Fuel Cell Services
  • Stack Components
  • Fuel Cell Reformers & Processors
  • Fuel Cell Storage Devices
  • All Other

V. MARKETS

• General
• US Fuel Cell Programs
• Electric Power Generation
  • Industry Outlook
  • Fuel Cell Market
    • Miocropower
    • Large-Scale
• Motor Vehicles
  • Industry Outlook
  • Fuel Cell Market
    • Light Vehicles
    • Medium/Heavy Vehicles
• Backup Power Supplies
• Military/Aerospace
  • Defense & Space Outlook
  • Fuel Cell Market
• Portable Electronics
  • Portable Electronics Outlook
  • Fuel Cell Market
• Other Fuel Cell Markets
  • Motive Power
  • All Other

VI. INDUSTRY STRUCTURE

• General
• Industry Composition
• Market Share
  • UTC Power
  • FuelCell Energy
  • Ballard Power Systems
  • Teledyne Technologies
  • Other Companies
• Research & Product Development
• Manufacturing
• Marketing & Distribution
• Cooperative Agreements
• Financial Requirements
• Acquisitions & Divestitures

• COMPANY PROFILES
  • Acumentrics Corporation
  • Advanced Energy Technology, see GrafTech International
  • Air Products and Chemicals Incorporated
  • Apollo Energy Systems Incorporated
  • Automotive Fuel Cell Cooperation Corporation, see Ballard Power Systems, Daimler AG and Ford Motor
  • Ballard Power Systems Incorporated
  • Bridgeport Fuel Cell Park LLC, see FuelCell Energy
  • Cellex Power Products Incorporated, see Plug Power
  • Chrysler LLC
  • Daimler AG
  • Delphi Corporation
  • Distributed Energy Systems Corporation
  • DuPont (EI) de Nemours
  • ElectroChem Incorporated
  • Ford Motor Company
  • Fuel Cell Technologies Corporation, see Acumentrics
  • FuelCell Energy Incorporated
  • General Hydrogen Corporation, see Plug Power
  • General Motors Corporation
  • Gore (WL) & Associates Incorporated
  • GrafTech International Limited
  • Honda Motor Company Limited
  • Hydrogenics Corporation
  • IdaTech LLC
  • Jadoo Power Systems Incorporated
  • Johnson Matthey plc
  • Manhattan Scientifics Incorporated
  • McDermott International Incorporated
  • Medis Technologies Limited
  • Mesoscopic Devices LLC, see Protonex
  • Methanex Corporation
  • Motorola Incorporated
  • Northern Power Systems, see Distributed Energy
  • Nuvera Fuel Cells Incorporated
  • Plug Power Incorporated
  • Proton Energy Systems, see Distributed Energy
  • Protonex Technology Corporation
  • Quantum Fuel Systems Technologies Worldwide Incorporated
  • ReliOn Incorporated
  • Rolls-Royce plc
  • Siemens AG
  • SOFCo-EFS Holdings LLC, see Rolls-Royce plc
  • Teledyne Technologies Incorporated
  • Toyota Motor Corporation
  • United Technologies Corporation
  • UTC Power, see United Technologies Corporation
• Other Companies Mentioned in Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

• Summary Table

SECTION II -- MARKET ENVIRONMENT

• 1 Economic Indicators
• 2 Industrial Sector Indicators
• 3 Electricity Supply & Demand
• 4 Motor Vehicle Parts & Shipments
• 5 Computer & Electronic Product Shipments
• 6 Chemical Shipments
• 7 Aerospace Equipment Shipments
• 8 Government Spending & Investment Trends
• 9 World Fuel Cell Spending
• 10 Selected International Fuel Cell Programs

SECTION III -- TECHNOLOGY

• 1 Battery Supply & Demand
• 2 Internal Combustion Engine Shipments
• 3 Turbine & Turbine Generator Demand
• 4 Selected Micropower Product Demand

SECTION IV -- PRODUCTS

• 1 Total Fuel Cell Spending
• 2 Commercial Fuel Cell Demand
• 3 Fuel Cell Stack & System Demand
• 4 Proton-Exchange Membrane Fuel Cell Demand
• 5 Phosphoric Acid Fuel Cell Demand
• 6 Molten Carbonate Fuel Cell Demand
• 7 Solid-Oxide Fuel Cell Demand
• 8 Alkaline Fuel Cell Demand
• 9 Direct Methanol Fuel Cell Demand
• 10 Other Fuel Cell Demand
• 11 Fuel Cell Fuels Demand
• 12 Hydrocarbon-Based Fuel Cell Fuels Demand
• 13 Pure Hydrogen Fuel Cell Fuels Demand
• 14 Renewable Sources Fuel Cell Fuels Demand
• 15 Other Fuel Cell Fuels Demand
• 16 Fuel Cell Electronic Device Demand
• 17 Other Fuel Cell Products & Services Demand

SECTION V -- MARKETS

• 1 Fuel Cell Demand by Market
• 2 Selected US Fuel Cell Programs
• 3 Electric Power Generation
• 4 Electric Power Generation Fuel Cell Demand
• 5 Motor Vehicle Outlook
• 6 Motor Vehicle Fuel Cell Demand
• 7 Backup Power Supply Fuel Cell Demand
• 8 Defense Spending Trends
• 9 Military/Aerospace Fuel Cell Demand
• 10 Wireless Communications & Portable Computing Device Demand
• 11 Portable Electronics Fuel Cell Demand
• 12 Other Fuel Cell Demand

SECTION VI -- INDUSTRY STRUCTURE

• 1 US Fuel Cell Sales by Company, 2007
• 2 Research & Development Spending Patterns: Selected Fuel Cell Companies, 2005-2007
• 3 Selected Cooperative Agreements
• 4 Selected Acquisitions & Divestitures

LIST OF CHARTS

SECTION II - MARKET ENVIRONMENT

• 1 Average Energy Efficiency of Various Power Sources
• 2 Fuel Cell Pricing Patterns

SECTION III -- TECHNOLOGY

• 1 Basic Fuel Cell Construction
• 2 Gravimetric Energy Density of Various Power Conversion & Storage Systems

SECTION IV -- PRODUCTS

• 1 Fuel Cell Stack & System Demand by Chemistry, 2012

SECTION V -- MARKETS

• 1 Fuel Cell Demand by Market, 2012

SECTION VI -- INDUSTRY STRUCTURE

• 1 US Fuel Cell Market Share by Company, 2007