Request for Covid-19 Impact Assessment of this Report
The regional analysis of global Ring Main Unit market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the government support and programs for the renewable energy, adoption of smart grids, and electrification in the rural areas of this region. China and India are expected to head the ring main unit market in the Asia-Pacific region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as substantial investment in renewable energy such solar, wind, biogas for the power generation are contributing towards the growth of the Asia-Pacific region.
Major market player included in this report are:
ABB Ltd.
Schneider Electric SE
Eaton Corporation PLC.
Siemens AG
General Electric Company
Lucy Electric
Larsen & Toubro Limited
LS Industrial Systems Co., Ltd.
Ormazabal
Tiepco
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Gas Insulated Ring Main Unit
Air Insulated Ring Main Unit
Oil Insulated Ring Main Unit
Solid Dielectric Insulated Ring Main Unit
By Installation:
Outdoor Ring Main Unit
Indoor Ring Main Unit
By Application:
Distribution Utilities
Industries
Infrastructure and Transportation
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Ring Main Unit Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD BILLION)
1.3.1. Ring Main Unit Market, by Type, 2016-2026 (USD BILLION)
1.3.2. Ring Main Unit Market, by Installation, 2016-2026 (USD BILLION)
1.3.3. Ring Main Unit Market, by Application, 2016-2026 (USD BILLION)
1.3.4. Ring Main Unit Market, by Region, 2016-2026 (USD BILLION)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ring Main Unit Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ring Main Unit Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Ring Main Unit Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Key Buying Criteria (On Demand)
4.4. Regulatory Framework (On Demand)
4.5. Investment Vs Adoption Scenario (On Demand)
4.6. Analyst Recommendation & Conclusion
Chapter 5. Global Ring Main Unit Market, By Type
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Ring Main Unit Market, Sub Segment Analysis
5.3.1. Gas Insulated Ring Main Unit
5.3.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
5.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
5.3.2. Air Insulated Ring Main Unit
5.3.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
5.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
5.3.3. Oil Insulated Ring Main Unit
5.3.3.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
5.3.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
5.3.4. Solid Dielectric Insulated Ring Main Unit
5.3.4.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
5.3.4.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
Chapter 6. Global Ring Main Unit Market, by Installation
6.1. Market Snapshot
6.2. Market Performance - Potential Model
6.3. Ring Main Unit Market, Sub Segment Analysis
6.3.1. Outdoor Ring Main Unit
6.3.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
6.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
6.3.2. Indoor Ring Main Unit
6.3.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
6.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
Chapter 7. Global Ring Main Unit Market, by Application
7.1. Market Snapshot
7.2. Market Performance - Potential Model
7.3. Ring Main Unit Market, Sub Segment Analysis
7.3.1. Distribution Utilities
7.3.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
7.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
7.3.2. Industries
7.3.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
7.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
7.3.3. Infrastructure and Transportation
7.3.3.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
7.3.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD BILLION)
Chapter 8. Global Ring Main Unit Market, by Regional Analysis
8.1. Ring Main Unit Market, Regional Market Snapshot (2016-2026)
8.2. North America Ring Main Unit Market Snapshot
8.2.1. U.S.
8.2.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.2.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.2.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.2.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.2.2. Canada
8.2.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.2.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.2.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.2.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3. Europe Ring Main Unit Market Snapshot
8.3.1. U.K.
8.3.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.3.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.2. Germany
8.3.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.3.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.3. Rest of Europe
8.3.3.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.3.3.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.3.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.3.3.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4. Asia Ring Main Unit Market Snapshot
8.4.1. China
8.4.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.4.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.2. India
8.4.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.4.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.3. Japan
8.4.3.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.4.3.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.3.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.3.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.4. Rest of Asia Pacific
8.4.4.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.4.4.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.4.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.4.4.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.5. Latin America Ring Main Unit Market Snapshot
8.5.1. Brazil
8.5.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.5.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.5.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.5.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.5.2. Mexico
8.5.2.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.5.2.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.5.2.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.5.2.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.6. Rest of The World
8.6.1. Middle East and Africa
8.6.1.1. Market estimates & forecasts, 2016-2026 (USD BILLION)
8.6.1.2. Type breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.6.1.3. Installation breakdown estimates & forecasts, 2016-2026 (USD BILLION)
8.6.1.4. Application breakdown estimates & forecasts, 2016-2026 (USD BILLION)
Chapter 9. Competitive Intelligence
9.1. Company Market Share (Subject to Data Availability)
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. ABB Ltd.
9.3.1.1. Overview
9.3.1.2. Financial (Subject to Data Availability)
9.3.1.3. Product Summary
9.3.1.4. Recent Developments
9.3.2. Schneider Electric SE
9.3.3. Eaton Corporation PLC.
9.3.4. Siemens AG
9.3.5. General Electric Company
9.3.6. Lucy Electric
9.3.7. Larsen & Toubro Limited
9.3.8. LS Industrial Systems Co., Ltd.
9.3.9. Ormazabal
9.3.10. Tiepco
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.1.6. Research Assumption
TABLE 2. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF RING MAIN UNIT MARKET
TABLE 3. GLOBAL RING MAIN UNIT MARKET, REPORT SCOPE
TABLE 4. YEARS CONSIDERED FOR THE STUDY
TABLE 5. EXCHANGE RATES CONSIDERED
TABLE 6. GLOBAL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY REGION 2016-2026 (USD BILLION)
TABLE 7. GLOBAL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY TYPE 2016-2026 (USD BILLION)
TABLE 8. GLOBAL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY INSTALLATION 2016-2026 (USD BILLION)
TABLE 9. GLOBAL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY APPLIACTION 2016-2026 (USD BILLION)
TABLE 10. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 11. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 12. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 13. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 14. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 15. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 16. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 17. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 18. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 19. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 20. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 21. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 22. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 23. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 24. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 25. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 26. GLOBAL RING MAIN UNIT MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 27. GLOBAL RING MAIN UNIT MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 28. U.S. RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 29. U.S. RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 30. U.S. RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 31. U.S. RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 32. CANADA RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 33. CANADA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 34. CANADA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 35. CANADA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 36. UK RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 37. UK RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 38. UK RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 39. UK RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 40. GERMANY RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 41. GERMANY RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 42. GERMANY RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 43. GERMANY RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 44. ROE RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 45. ROE RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 46. ROE RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 47. ROE RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 48. CHINA RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 49. CHINA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 50. CHINA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 51. CHINA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 52. INDIA RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 53. INDIA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 54. INDIA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 55. INDIA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 56. JAPAN RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 57. JAPAN RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 58. JAPAN RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 59. JAPAN RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 60. ROAPAC RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 61. ROAPAC RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 62. ROAPAC RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 63. ROAPAC RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 64. BRAZIL RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 65. BRAZIL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 66. BRAZIL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 67. BRAZIL RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 68. MEXICO RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 69. MEXICO RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 70. MEXICO RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 71. MEXICO RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 72. ROLA RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 73. ROLA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 74. ROLA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 75. ROLA RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 76. ROW RING MAIN UNIT MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)
TABLE 77. ROW RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 78. ROW RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
TABLE 79. ROW RING MAIN UNIT MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)
Systems that can efficiently and conveniently store various forms of energy such as electrochemical, mechanical and so on are called as energy storage systems. One of te familiar example that is part of these systems are lithium ion batteries that are used in electric vehicles.
Renewable source of energy is gaining a strong foothold in the energy industry. Sources such as solar power, wind power, and water power are commonly used to produce renewable energy. Global warming and air & water pollution are the major issues surround...
The global fuel cell market is expected to grow at a CAGR of 17.36% from 2016 to 2022 to reach $8,643 million by 2022 from $2,894 million in 2015. A fuel cell is a device that converts chemical energy into electrical energy through a chemical reaction of pos...