Fuel Cells for Marine Vessels Market Insight With Latest Analysis Research Report With Industry Values, Growth Analysis, Business Trend, Technology Worldwide, Forecast 2027

Fuel Cells for Marine Vessels market projected to register a CAGR around 6 27

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.).

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?GR during the forecast period.

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On the basis of region, the Fuel Cells for Marine Vessels 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.

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

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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The report provides insights on the following pointers:

Chapter 1 Study Coverage

Chapter 2 Executive Summary

Chapter 3 Fuel Cells for Marine Vessels market Competitor Landscape by Players

Chapter 4 Fuel Cells for Marine Vessels market Size by Type and Application

Chapter 5 Global and Regional Analysis

Chapter 6 Company Profiles, recent developments, and investments

Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis

Chapter 8 Value Chain and Sales Channels Analysis with breakthrough product developments

Chapter 9 Research Findings and Conclusion

Chapter 10 Methodology/Research Approach

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Contact Information:

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