GCC Fuel Cell Market Overview:
The GCC fuel cell market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A fuel cell is a powering device that can convert chemical energy into electric energy using a proton exchange membrane (PEM). It generally consists of a cathode, anode, catalyst and PEM. They are widely utilized as a power source for supplying electricity across the residential and commercial segments.
The market in the GCC region is majorly driven by the continual depletion of fossil fuels. With the increasing demand for uninterrupted power supply and the rising electricity rates across the region, there has been a considerable rise in the adoption of fuel cells. Some of the other factors contributing to the market growth include numerous favorable government initiatives that promote the uptake of fuel cells across the GCC region and extensive research and development (R&D) activities.
A fuel cell is a powering device which runs on the system of converting chemical energy into electric energy. Fuel cells can be used to power anything from car batteries to mini cities or even entire towns. Hydrogen based fuel cells are considered to be the most powerful ones. They use a Proton Exchange Membrane (PEM) to cause a reaction between the Hydrogen and Oxygen to produce energy. The primary benefit of using a fuel cell is that the by-products it produces are completely nontoxic in nature. A fuel cell comprises of four parts – the anode, the cathode, the PEM, and the catalyst. The anode and the cathode send Hydrogen and Oxygen molecules to the catalyst which conducts the reaction with the help of the PEM. The products of this reaction are water, electricity, and heat. Various automobile brands are launching fuel cell based vehicles and industries are applying it in their machines.
GCC Fuel Cell Market Segment Insights:
The GCC fuel cell market has been analysed as followed:
Segmentation by Type:
Segmentation by Application:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Fuel Cell Market Report:
Report Customisation:
The GCC fuel cell market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Fuel Cell Market
4.1 Historical Market Trend
4.2 Market Segmentation by Region
4.3 Market Outlook
5 GCC Fuel Cell Market
5.1 Industry Overview
5.2 Key Industry Developments
5.3 Market Trends
5.3.1 Key Market Indicators
5.3.2 Historical Market Trends
5.3.3 Impact of COVID-19
5.3.4 Market Outlook
6 GCC Fuel Cell Market Segmentation by Country
6.1 Saudi Arabia
6.1.1 Historical Market Trends
6.1.2 Market Outlook
6.2 United Arab Emirates
6.2.1 Historical Market Trends
6.2.2 Market Outlook
6.3 Qatar
6.3.1 Historical Market Trends
6.3.2 Market Outlook
6.4 Kuwait
6.4.1 Historical Market Trends
6.4.2 Market Outlook
6.5 Oman
6.5.1 Historical Market Trends
6.5.2 Market Outlook
6.6 Bahrain
6.6.1 Historical Market Trends
6.6.2 Market Outlook
7 GCC Fuel Cell Market Segmentation by Type
7.1 Proton Exchange Membrane Fuel Cells (PEMFC)
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 Solid Oxide Fuel Cells (SOFC)
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Molten Carbonate Fuel Cells (MCFC)
7.3.1 Historical Market Trends
7.3.2 Market Outlook
7.4 Direct Methanol Fuel Cells (DMFC)
7.4.1 Historical Market Trends
7.4.2 Market Outlook
7.5 Phosphoric Acid Fuel Cells (PAFC)
7.5.1 Historical Market Trends
7.5.2 Market Outlook
7.6 Others
7.6.1 Historical Market Trends
7.6.2 Market Outlook
8 GCC Fuel Cell Market Segmentation by Application
8.1 Stationary
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Transportation
8.2.1 Historical Market Trends
8.2.2 Market Outlook
8.3 Portable
8.3.1 Historical Market Trends
8.3.2 Market Outlook
8.4 Others
8.4.1 Historical Market Trends
8.4.2 Market Outlook
9 GCC Fuel Cell Industry: Market Dynamics
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 GCC Fuel Cell Industry: Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Suppliers
10.4 Inbound Logistics
10.5 Production
10.6 Marketing
10.7 Outbound Logistics
10.8 Consumers
11 GCC Fuel Cell Industry: Porter’s Five Forces Analysis
11.1 Overview
11.2 Threat of New Entrants
11.3 Threat of Substitutes
11.4 Bargaining Power of Buyers
11.5 Bargaining Power of Suppliers
11.6 Intensity of Rivalry
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Success Factors
13 Key Player Profiles
List of Figures
Figure 1: Global: Fuel Cell Market: Sales Value (in Billion US$), 2017-2022
Figure 2: Global: Fuel Cell Market: Segmentation by Region (in %), 2022
Figure 3: Global: Fuel Cell Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: GCC: Fuel Cell Market: Sales Value (in Billion US$), 2017-2022
Figure 5: GCC: Fuel Cell Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 6: GCC: Fuel Cell Market: Segmentation by Country (in %), 2022
Figure 7: GCC: Fuel Cell Market: Segmentation by Type (in %), 2022
Figure 8: GCC: Fuel Cell Market: Segmentation by Application (in %), 2022
Figure 9: Saudi Arabia: Fuel Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Saudi Arabia: Fuel Cell Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 11: United Arab Emirates: Fuel Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: United Arab Emirates: Fuel Cell Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 13: Qatar: Fuel Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Qatar: Fuel Cell Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 15: Kuwait: Fuel Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Kuwait: Fuel Cell Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 17: Oman: Fuel Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Oman: Fuel Cell Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 19: Bahrain: Fuel Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Bahrain: Fuel Cell Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: Fuel Cell (Proton Exchange Membrane Fuel Cells (PEMFC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: GCC: Fuel Cell (Proton Exchange Membrane Fuel Cells (PEMFC)) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 23: GCC: Fuel Cell (Solid Oxide Fuel Cells (SOFC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: GCC: Fuel Cell (Solid Oxide Fuel Cells (SOFC)) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 25: GCC: Fuel Cell (Molten Carbonate Fuel Cells (MCFC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: GCC: Fuel Cell (Molten Carbonate Fuel Cells (MCFC)) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 27: GCC: Fuel Cell (Direct Methanol Fuel Cells (DMFC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: GCC: Fuel Cell (Direct Methanol Fuel Cells (DMFC)) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 29: GCC: Fuel Cell (Phosphoric Acid Fuel Cells (PAFC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: GCC: Fuel Cell (Phosphoric Acid Fuel Cells (PAFC)) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 31: GCC: Fuel Cell (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: GCC: Fuel Cell (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 33: GCC: Fuel Cell (Stationary) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: GCC: Fuel Cell (Stationary) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 35: GCC: Fuel Cell (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: GCC: Fuel Cell (Transportation) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 37: GCC: Fuel Cell (Portable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: GCC: Fuel Cell (Portable) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 39: GCC: Fuel Cell (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: GCC: Fuel Cell (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 41: GCC: Fuel Cell Industry: Market Dynamics
Figure 42: GCC: Fuel Cell Industry: Value Chain Analysis
Figure 43: GCC: Fuel Cell Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Fuel Cell Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Fuel Cell Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Fuel Cell Market Outlook: Segmentation by Type (in Million US$), 2023-2028
Table 4: GCC: Fuel Cell Market Outlook: Segmentation by Application (in Million US$), 2023-2028
Table 5: GCC: Fuel Cell Market Structure
Table 6: GCC: Fuel Cell Market: Key Players
Personalize this research
Triangulate with your own data
Get data as per your format and definition
Gain a deeper dive on a specific application, geography, customer or competitor
Any level of personalization
US: +1-213-316-7435
Uk: +44-702-409-7740
sales@syndicatedanalytics.com
The Saudi Arabia solar pv module market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028.
Read MoreThe Saudi Arabia water heater market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028.
Read MoreThe UAE electric motor market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027.
Read MoreThe UAE led lights market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028.
Read More“Global Smart Energy Market - Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global Smart Energy market. Beginning with a global overview, the report explores the dynamics that have a strong influence on the Smart Energy market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027.
Read More“Global Solar Diesel Hybrid Power Market - Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global Solar Diesel Hybrid Power market. Beginning with a global overview, the report explores the dynamics that have a strong influence on the Solar Diesel Hybrid Power market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027.
Read More+1-213-316-7435
us.sales@syndicatedanalytics.com
+44-702-409-7740
uk.sales@syndicatedanalytics.com
© Copyright Syndicated Analytics 2023.