Request for Covid-19 Impact Assessment of this Report

Energy and Power

Heat Pump Market by Type (Air-to-Air, Water Source, and Geothermal) and Application (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2019–2026

  • ALL3907963
  • 222 Pages
  • June 2020
  • Energy and Power
Download Sample    Get Discount   
 
The global heat pump market was valued at $52.3 billion in 2018 and is projected to reach $94.6 billion by 2026, growing at a CAGR of 7.74% from 2019 to 2026.

A heat pump is a device that transfers heat energy from one source to another. It is used in both industrial and residential areas. It offers an energy-efficient alternative to furnaces and air conditioners. The heat pumps are used to transfer heat from a cool to a warm space that helps cool the interior temperature.

The global heat pump market is registering significant growth across the globe. The growth of this market is driven by increase in demand for household appliances such as refrigerators and air-conditioners. Furthermore, rise in demand for keeping the house warm in the residential segment due to change in climate conditions fuels the demand for heat pumps. In addition, favorable government regulations to reduce CO2 emission are further complementing the adoption of heat pumps; thereby, contributing to the global market growth. On the other hand, the high cost of installing a heat pump device restrains the growth of this market. Advanced technologies such as dual-source heat pumps are expected to offer growth opportunities to the market. In addition, heat pumps have witnessed high demand for residential applications, which is further expected to offer lucrative growth opportunities to the global heat pump market.

The global heat pump market is segmented on the basis of type, application, and region. Based on type, the market is divided into air-to-air, water source, and geothermal. By application, the market is classified into residential, industrial, and commercial. Residential is the largest segment among all due to significant adoption of heat pumps or space heating, cooling, and other applications. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The players analyzed and profiled in the global heat pump market are Daikin Industries Ltd., Glen Dimplex Group, Ingersoll Rand Plc, Melrose Industries PLC, Mitsubishi Electric Corporation, NIBE Industrier AB, Stiebel Eltron, Vaillant Group, Viessmann Werke GmbH & Co. KG, Panasonic Corporation, and others. Since this market is highly competitive in nature, most of the manufacturers have been focusing on the production of energy-efficient heat pumps. Hence, the global market is anticipated to witness various product development activities during the forecast period.

KEY BENEFITS FOR STAKEHOLDERS

 The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global heat pump market from 2018 to 2026 to determine the prevailing opportunities.

 A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.

 Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.

 Profiles of leading players operating in the market are provided to understand the global competitive scenario.

 The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

KEY MARKET SEGMENTS

• By Type

 Air-to-air

 Water Source

 Geothermal

• By Application

 Residential

 Commercial

 Industrial

• By Region

o North America

 U.S.

 Canada

 Mexico

o Europe

 Germany

 France

 Italy

 Spain

 UK

 Rest of Europe

o Asia-Pacific

 China

 Japan

 India

 South Korea

 Australia

 Rest of Asia-Pacific

o LAMEA

 Brazil

 Saudi Arabia

 South Africa

 South Africa

 LAMEA

KEY MARKET PLAYERS

• Daikin Industries Ltd.

• Glen Dimplex Group

• Ingersoll Rand Plc

• Melrose Industries PLC

• Mitsubishi Electric Corporation

• NIBE Industrier AB

• Stiebel Eltron

• Vaillant Group

• Viessmann Werke GmbH & Co. KG

• Panasonic Corporation

CHAPTER 1:INTRODUCTION

1.1.Report description

1.2.Key benefits for stakeholders

1.3.Key market segments

1.4.Research methodology

1.4.1.Secondary research

1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.High adoption in the residential sector

3.4.1.2.Contribution of heat pump technology in reducing CO2 emission

3.4.2.Restraints

3.4.2.1.High costs associated with heat pumps

3.4.3.Opportunity

3.4.3.1.Increase in popularity of geothermal heat pump technology

3.5.Parent Peer Market Overview

3.6.Patent analysis (2015-2018)

3.6.1.Patent analysis by country

3.6.2.Patent analysis by applicant (2015-2018)

3.7.Impact of government rules and regulations

3.7.1.Global Warming Solutions Act -2008

CHAPTER 4:HEAT PUMP MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Air-to-air

4.2.1.Key market trends, growth factors, and opportunities

4.2.2.Market size and forecast, by region

4.2.3.Market share analysis, by country

4.3.Water source

4.3.1.Key market trends, growth factors, and opportunities

4.3.2.Market size and forecast, by region

4.3.3.Market share analysis, by country

4.4.Geothermal

4.4.1.Key market trends, growth factors, and opportunities

4.4.2.Market size and forecast, by region

4.4.3.Market share analysis, by country

CHAPTER 5:HEAT PUMP MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Residential

5.2.1.Key market trends, growth factors, and opportunities

5.2.2.Market size and forecast, by region

5.2.3.Market share analysis, by country

5.3.Commercial

5.3.1.Key market trends, growth factors, and opportunities

5.3.2.Market size and forecast, by region

5.3.3.Market share analysis, by country

5.4.Industrial

5.4.1.Key market trends, growth factors, and opportunities

5.4.2.Market size and forecast, by region

5.4.3.Market share analysis, by country

CHAPTER 6:HEAT PUMP MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast, by region

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities

6.2.2.Market size and forecast, by type

6.2.3.Market size and forecast, by application

6.2.4.Market size and forecast by country

6.2.5.U.S.

6.2.5.1.Market size and forecast, by type

6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by type

6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by type

6.2.7.2.Market size and forecast, by application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities

6.3.2.Market size and forecast, by type

6.3.3.Market size and forecast, by application

6.3.4.Market size and forecast by country

6.3.5.Germany

6.3.5.1.Market size and forecast, by type

6.3.5.2.Market size and forecast, by application

6.3.6.France

6.3.6.1.Market size and forecast, by type

6.3.6.2.Market size and forecast, by application

6.3.7.Italy

6.3.7.1.Market size and forecast, by type

6.3.7.2.Market size and forecast, by application

6.3.8.Spain

6.3.8.1.Market size and forecast, by type

6.3.8.2.Market size and forecast, by application

6.3.9.UK

6.3.9.1.Market size and forecast, by type

6.3.9.2.Market size and forecast, by application

6.3.10.Rest of Europe

6.3.10.1.Market size and forecast, by type

6.3.10.2.Market size and forecast, by application

6.4.Asia-Pacific

6.4.1.Asia-Pacific was the largest market for heat pump technology in 2018 and it is expected to exhibit the highest CAGR of 8.1% during the forecast period. Countries covered in this region include China, India, Japan, South Korea, Australia, and others. Among all, China, Japan, and India are the major revenue generating countries in 2018.Key market trends, growth factors, and opportunities

6.4.2.Market size and forecast, by type

6.4.3.Market size and forecast, by application

6.4.4.Market size and forecast by country

6.4.5.China

6.4.5.1.Market size and forecast, by type

6.4.5.2.Market size and forecast, by application

6.4.6.Japan

6.4.6.1.Market size and forecast, by type

6.4.6.2.Market size and forecast, by application

6.4.7.India

6.4.7.1.Market size and forecast, by type

6.4.7.2.Market size and forecast, by application

6.4.8.South Korea

6.4.8.1.Market size and forecast, by type

6.4.8.2.Market size and forecast, by application

6.4.9.Australia

6.4.9.1.Market size and forecast, by type

6.4.9.2.Market size and forecast, by application

6.4.10.Rest of Asia-Pacific

6.4.10.1.Market size and forecast, by type

6.4.10.2.Market size and forecast, by application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities

6.5.2.Market size and forecast, by type

6.5.3.Market size and forecast, by application

6.5.4.Market size and forecast, by country

6.5.5.Brazil

6.5.5.1.Market size and forecast, by type

6.5.5.2.Market size and forecast, by application

6.5.6.Saudi Arabia

6.5.6.1.Market size and forecast, by type

6.5.6.2.Market size and forecast, by application

6.5.7.South Africa

6.5.7.1.Market size and forecast, by type

6.5.7.2.Market size and forecast, by application

6.5.8.Rest of LAMEA

6.5.8.1.Market size and forecast, by type

6.5.8.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.INTRODUCTION

7.1.1.MARKET PLAYER POSITIONING, 2018

7.2.TOP WINNING STRATEGIES

7.2.1.Top winning strategies, by year

7.2.2.Top winning strategies, by development

7.2.3.Top winning strategies, by company

7.3.PRODUCT MAPPING OF TOP 10 PLAYER

7.4.COMPETITIVE HEATMAP

7.5.KEY DEVELOPMENTS

7.5.1.New product launches

7.5.2.Agreement

7.5.3.Acquisition

7.5.4.Joint Venture

7.5.5.Partnership

CHAPTER 8:COMPANY PROFILES:

8.1.Daikin Industries, Ltd.

8.1.1.Company overview

8.1.2.Company snapshot

8.1.3.Operating business segments

8.1.4.Product portfolio

8.1.5.Business performance

8.2.Glen Dimplex Group

8.2.1.Company overview

8.2.2.Company snapshot

8.2.3.Product portfolio

8.3.Ingersoll Rand, Plc.

8.3.1.Company overview

8.3.2.Company snapshot

8.3.3.Operating business segments

8.3.4.Product portfolio

8.3.5.Business performance

8.4.Melrose Industries PLC.

8.4.1.Company overview

8.4.2.Company snapshot

8.4.3.Operating business segments

8.4.4.Product portfolio

8.4.5.Business performance

8.4.6.Key strategic moves and developments

8.5.Mitsubishi Electric Corporation

8.5.1.Company overview

8.5.2.Company snapshot

8.5.3.Operating business segments

8.5.4.Product portfolio

8.5.5.Business performance

8.5.6.Key strategic moves and developments

8.6.NIBE Industrier AB

8.6.1.Company overview

8.6.2.Company snapshot

8.6.3.Operating business segments

8.6.4.Product portfolio

8.6.5.Business performance

8.6.6.Key strategic moves and developments

8.7.Panasonic Corporation

8.7.1.Company overview

8.7.2.Company snapshot

8.7.3.Operating business segments

8.7.4.Product portfolio

8.7.5.Business performance

8.8.Stiebel Eltron

8.8.1.Company overview

8.8.2.Company snapshot

8.8.3.Product portfolio

8.8.4.Key strategic moves and developments

8.9.Vaillant Group

8.9.1.Company overview

8.9.2.Company snapshot

8.9.3.Product portfolio

8.9.4.Key strategic moves and developments

8.10.Viessmann Werke GmbH & Co. KG

8.10.1.Company overview

8.10.2.Company snapshot

8.10.3.Product portfolio

8.10.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL HEAT PUMP MARKET REVENUE, BY TYPE ($MILLION) (2018-2026)61

TABLE 02.GLOBAL HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)62

TABLE 03.GLOBAL HEAT PUMP MARKET FOR AIR-TO-AIR, BY REGION, 2018–2026 ($MILLION)64

TABLE 04.GLOBAL HEAT PUMP MARKET FOR WATER SOURCE, BY REGION, 2018–2026 ($MILLION)67

TABLE 05.GLOBAL HEAT PUMP MARKET FOR GEOTHERMAL, BY REGION, 2018–2026 ($MILLION)70

TABLE 06.GLOBAL HEAT PUMP MARKET REVENUE, BY APPLICATION ($MILLION) (2018-2026)73

TABLE 07.GLOBAL HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)74

TABLE 08.GLOBAL HEAT PUMP MARKET FOR RESIDENTIAL, BY REGION, 2018–2026 ($MILLION)76

TABLE 09.GLOBAL HEAT PUMP MARKET FOR COMMERCIAL, BY REGION, 2018–2026 ($MILLION)79

TABLE 10.GLOBAL HEAT PUMP MARKET FOR INDUSTRIAL, BY REGION, 2018–2026 ($MILLION)82

TABLE 11.GLOBAL HEAT PUMP MARKET, BY REGION 2018–2026 ($MILLION)85

TABLE 12.NORTH AMERICA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)87

TABLE 13.NORTH AMERICA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)88

TABLE 14.NORTH AMERICA HEAT PUMP MARKET, BY COUNTRY 2018–2026 ($MILLION)89

TABLE 15.U.S. HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)91

TABLE 16.U.S. HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)92

TABLE 17.CANADA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)94

TABLE 18.CANADA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)95

TABLE 19.MEXICO HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)97

TABLE 20.MEXICO HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)98

TABLE 21.EUROPE HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)101

TABLE 22.EUROPE HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)102

TABLE 23.EUROPE HEAT PUMP MARKET, BY COUNTRY 2018–2026 ($MILLION)103

TABLE 24.GERMANY HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)105

TABLE 25.GERMANY HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)106

TABLE 26.FRANCE HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)108

TABLE 27.FRANCE HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)109

TABLE 28.ITALY HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)111

TABLE 29.ITALY HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)112

TABLE 30.SPAIN HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)114

TABLE 31.SPAIN HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)115

TABLE 32.UK HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)117

TABLE 33.UK HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)118

TABLE 34.REST OF EUROPE HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)120

TABLE 35.REST OF EUROPE HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)121

TABLE 36.ASIA-PACIFIC HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)123

TABLE 37.ASIA-PACIFIC HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)124

TABLE 38.ASIA-PACIFIC HEAT PUMP MARKET, BY COUNTRY 2018–2026 ($MILLION)125

TABLE 39.CHINA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)127

TABLE 40.CHINA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)128

TABLE 41.JAPAN HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)130

TABLE 42.JAPAN HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)131

TABLE 43.INDIA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)133

TABLE 44.INDIA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)134

TABLE 45.SOUTH KOREA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)136

TABLE 46.SOUTH KOREA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)137

TABLE 47.AUSTRALIA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)139

TABLE 48.AUSTRALIA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)140

TABLE 49.REST OF ASIA-PACIFIC HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)142

TABLE 50.REST OF ASIA-PACIFIC HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)143

TABLE 51.LAMEA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)145

TABLE 52.LAMEA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)146

TABLE 53.LAMEA HEAT PUMP MARKET, BY COUNTRY 2018–2026 ($MILLION)147

TABLE 54.BRAZIL HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)149

TABLE 55.BRAZIL HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)150

TABLE 56.SAUDI ARABIA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)152

TABLE 57.SAUDI ARABIA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)153

TABLE 58.SOUTH AFRICA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)155

TABLE 59.SOUTH AFRICA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)156

TABLE 60.REST OF LAMEA HEAT PUMP MARKET, BY TYPE 2018–2026 ($MILLION)158

TABLE 61.REST OF LAMEA HEAT PUMP MARKET, BY APPLICATION 2018–2026 ($MILLION)159

TABLE 62.KEY NEW PRODUCT LAUNCHES (2016-2019)168

TABLE 63.KEY AGREEMENT (2016-2019)169

TABLE 64.KEY ACQUISITION (2016-2019)169

TABLE 65.KEY JOINT VENTURE (2016-2019)170

TABLE 66.KEY PARTNERSHIP (2016-2019)170

TABLE 67.DAIKIN: COMPANY SNAPSHOT172

TABLE 68.DAIKIN: OPERATING SEGMENTS172

TABLE 69.DAIKIN: PRODUCT PORTFOLIO173

TABLE 70.OVERALL FINANCIAL STATUS ($MILLION)174

TABLE 71.GLEN DIMPLEX: COMPANY SNAPSHOT177

TABLE 72.GLEN DIMPLEX: PRODUCT PORTFOLIO177

TABLE 73.GLEN DIMPLEX: KEY STRATEGIC MOVES AND DEVELOPMENTS178

TABLE 74.INGERSOLL: COMPANY SNAPSHOT180

TABLE 75.INGERSOLL: OPERATING SEGMENTS180

TABLE 76.INGERSOLL: PRODUCT PORTFOLIO181

TABLE 77.OVERALL FINANCIAL STATUS ($MILLION)182

TABLE 78.MELROSE INDUSTRIES PLC: COMPANY SNAPSHOT185

TABLE 79.MELROSE INDUSTRIES PLC: OPERATING SEGMENTS186

TABLE 80.MELROSE INDUSTRIES PLC: PRODUCT PORTFOLIO186

TABLE 81.OVERALL FINANCIAL STATUS ($MILLION)187

TABLE 82.MELROSE INDUSTRIES PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS189

TABLE 83.MITSUBISHI ELECTRIC: COMPANY SNAPSHOT191

TABLE 84.MITSUBISHI ELECTRIC: OPERATING SEGMENTS192

TABLE 85.MITSUBISHI ELECTRIC: PRODUCT PORTFOLIO193

TABLE 86.OVERALL FINANCIAL STATUS ($MILLION)194

TABLE 87.MITSUBISHI ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS196

TABLE 88.NIBE: COMPANY SNAPSHOT198

TABLE 89.NIBE: OPERATING SEGMENTS199

TABLE 90.NIBE: PRODUCT PORTFOLIO200

TABLE 91.OVERALL FINANCIAL STATUS ($MILLION)201

TABLE 92.NIBE: KEY STRATEGIC MOVES AND DEVELOPMENTS203

TABLE 93.PANASONIC CORPORATION: COMPANY SNAPSHOT205

TABLE 94.PANASONIC CORPORATION: OPERATING SEGMENTS206

TABLE 95.PANASONIC CORPORATION: PRODUCT PORTFOLIO207

TABLE 96.OVERALL FINANCIAL STATUS ($MILLION)208

TABLE 97.STIEBEL ELTRON: COMPANY SNAPSHOT211

TABLE 98.STIEBEL ELTRON: PRODUCT PORTFOLIO212

TABLE 99.STIEBEL ELTRON: KEY STRATEGIC MOVES AND DEVELOPMENTS213

TABLE 100.VAILLANT: COMPANY SNAPSHOT215

TABLE 101.VAILLANT: PRODUCT PORTFOLIO216

TABLE 102.VAILLANT: KEY STRATEGIC MOVES AND DEVELOPMENTS216

TABLE 103.VIESSMANN: COMPANY SNAPSHOT218

TABLE 104.VIESSMANN: PRODUCT PORTFOLIO219

TABLE 105.VIESSMANN: KEY STRATEGIC MOVES AND DEVELOPMENTS220

 
Purchase Options

* Taxes/Fees, If applicable will be
added during checkout. All prices in USD.

Need More Information

Contact Us

+ 1-888-961-4454

Drop Us an email at

help@bigmarketresearch.com

Similar Reports

Energy Storage Systems Market by Technology (Pumped Hydro Storage, Compressed Air, Sodium Sulphur, Lithium, Lead Acid, Nickel Cadmium, Flywheel, Redox-Flow), End-User (Residential, Non-Residential, Utility), Application (Grid Storage and Transportation) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

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.

  • Publish Date: September 15, 2016
  • $5370
Renewable Energy Market by Type (Hydro & Ocean Power, Wind Energy, Solar Energy, Bioenergy, and Geothermal Energy) and End User (Residential, Commercial, and Industrial & Others) - Global Opportunity Analysis and Industry Forecast, 2014-2025

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...

  • Publish Date: November 30, 2017
  • $5370
Fuel Cell Market by Type (Solid Oxide Fuel Cells, Proton Exchange Membrane Fuel Cell, Molten Carbonate Fuel Cell, Phosphoric Acid Fuel Cells, and Others), and by Application (Portable, Stationary, Transport) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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...

  • Publish Date: December 1, 2016
  • $5370