Business Wire News

$380 Million Worldwide Aircraft Fuel Cells Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aircraft Fuel Cells - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


The publisher brings years of research experience to the 9th edition of this report. The 192-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Aircraft Fuel Cells Market to Reach $531.5 Million by 2027

Amid the COVID-19 crisis, the global market for Aircraft Fuel Cells estimated at US$380.1 Million in the year 2020, is projected to reach a revised size of US$531.5 Million by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.

Hydrogen Fuel Cell, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$297.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gasoline Fuel Cell segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $103 Million, While China is Forecast to Grow at 7.7% CAGR

The Aircraft Fuel Cells market in the U.S. is estimated at US$103 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$110.2 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Other Fuel Cell Types Segment to Record 4.4% CAGR

In the global Other Fuel Cell Types segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$79.6 Million in the year 2020 will reach a projected size of US$104.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$70.5 Million by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

Competitors identified in this market include, among others:

  • Airbus Americas, Inc.
  • Ballard Power Systems, Inc.
  • Boeing Company, The
  • Delphi Technologies
  • EnergyOR Technologies, Inc.
  • Hydrogenics Corporation
  • Nuvera Fuel Cells LLC
  • SerEnergy A/S

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Aircraft Fuel Cells Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 51

For more information about this report visit https://www.researchandmarkets.com/r/3td6ib


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900


Read Article On Business Wire


Author:This email address is being protected from spambots. You need JavaScript enabled to view it.

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
8502 SW Kansas Ave
Stuart, FL 34997

Phone: +1 772.221.7720