The South African fuel cells market, which was worth USD XX million in 2015, is expected to witness a CAGR of XX% to reach USD XX million by 2021. Fuel cell technology has the potential to revolutionize the global energy sector. Fuel cells can replace the internal combustion engine in vehicles and provide power in stationary and portable applications.
South Africa is ideal for the growth of the fuel cell market and the government has realized the potential of fuel cells in addressing the country’s power deficiency. The South African Department of Science and Technology (DST) has initiated Hydrogen South Africa, a long-term program aimed at taking forward the country’s role in the fuel cell technology market. This government initiative is expected to go a long way in promoting the growth of the fuel cells market in the country. South Africa is also home to the largest reserves of platinum in the world; platinum is a key raw material in the manufacture of fuel cells. The country plans to utilize its natural resources as it focuses on fuel cells.
The fuel cell technology is currently at a nascent stage and this is expected to be the major restraining factor for the market. However, R&D and investments from all over the world is helping the market overcome this restraint. The initial cost and maintenance are other factors that impede the market growth.
The report divides the South African hydrogen fuel cell market based on the type of fuel cells that use hydrogen as a fuel for operation. The various types covered include PEMFC, AFC, PAFC, SOFC AND MCFC.
Mitochondria Energy Company is presently a key player in the South African market. However, many of the global majors in this field are eying the South African market, at least as a long-term investment opportunity.
SPECIALITIES OF THIS REPORT
WHAT THE REPORT OFFERS
1. Executive Summary
2. Research Methodology
3. South Africa Hydrogen Fuel Cells Market Overview
3.2 Market Size and Demand Forecast to 2022
3.3 Recent Trends & Developments
3.4 Government Policies and Regulations
4. Market Dynamics
5. Industry Attractiveness - Porter’s Five Forces
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Consumers
5.3 Threat of New Entrants
5.4 Threat of Substitute Products and Services
5.5 Competitive Rivalry within the Industry
6. South Africa Hydrogen Fuel Cells Market, by Type
7. Key Company Analysis (Overview, Products and Services, Financials, Recent Developments)
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
9.2 Contact Us