Hydrogen Fuel Cell Forklift Market

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An electric current undergoes formation by a chemical reaction in a fuel cell, and this electrical current can be utilised to power a load, like a forklift. Hydrogen fuel cells have shown to be a workable substitute for the conventional methods of powering machinery and equipment used today as hydrogen has emerged as a viable alternative energy source. Forklifts powered by hydrogen fuel cells are becoming increasingly prevalent these days because of their potential to have a good environmental impact. The hydrogen fuel cell forklift manufacturing has greater prospects due to the necessity of relying on natural resources for the production of fuel cells and their zero carbon emission.

Research Methodology:

Research study on market will performed in five phases which include Secondary research, primary research, subject matter expert advice, quality check and final review. The process opted for conducting thorough research to make authentic and dynamic research reports is as follows:

Based on the understanding of requireme conducted secondary search to identify the Segment specifications, qualitative and quantitative data alang with the factors responsible for the growth of sat market. The secondary sources offered for the study include presses, company annual reports and research papers related to the industry.Various sources such as industry magazines, trade journals, government websites and associates were also reviewed for gathering precise data se opportunities for business expansions in said market. Mereover quarttive as well as qualitative data was also extracted from paid abuses, which included eaters, activa Bloomberg,

Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Hydrogen Fuel Cell Forklift Market Participant Share

Hydrogen Fuel Cell Forklift Market based on Type:

PEMFC Forklift
DMFC Forklift
Others

Hydrogen Fuel Cell Forklift Market based on Application:

Warehouse Logistics
Dock Handling
Other

Hydrogen Fuel Cell Forklift Market based on Geography:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Since hydrogen fuel cell forklifts often outperform lead-acid batteries and are known to increase lift truck uptime, their adoption in warehouse applications is anticipated to boost productivity. In high-throughput operations, where downtime might result in significant lost sales, uptime is essential. Warehouse facilities are expected to run more efficiently with the help of hydrogen fuel cell forklifts, which is good for the company because it safeguards revenue. Forklifts powered by hydrogen fuel cells are more affordable; this is especially true when considering the time required for fueling.

On the basis of Type, the Global Hydrogen Fuel Cell Forklift Market has been divided into PEMFC Forklift, DMFC Forklift, and Others on the basis of Type. In 2019, PEMFC Forklift held the greatest market share. These batteries-like fuel cells transmit electrons along an electrical route using a cathode, anode, and electrolyte to power the forklift. Due to their low-temperature operation, they have the benefit of quick startup and strong their continued existence.

The market is divided into three segments based on application: warehouse logistics, dock handling, and others. Due to the usage of hydrogen fuel cell forklifts instead of battery-powered forklift trucks in warehouse logistics, this sector held the greatest market share in 2019. The company began using these forklifts from the beginning of the design process in order to increase operational productivity, get rid of the bulky infrastructure required for battery charging, and provide consistently good performance.

The Global Hydrogen Fuel Cell Forklift Market is divided into four regions based on geography: North America, Europe, Asia Pacific, and the Rest of the World. In 2019, North America held the greatest market share. Forklift use is increasing significantly in North America, partly as a result of the manufacturing sector’s expansion. The market for hydrogen fuel cell forklifts in North America is dominated by the United States and Canada. Both regions expand during the forecasted period as a result of growing need for manufacturing facilities, material handling and logistics infrastructure, and expanding export activities.

A fuel cell is a clean energy technology that can be applied as a green fuel in a variety of sectors, including the automotive, medical, and electronics industries. The amount of pollution is rising alarmingly, and greenhouse gases are beginning to harm the environment. The majority of nations are attempting to create and market clean fuels like hydrogen, which burns without releasing any toxic emissions. Material handling has always played a significant role in the GDP growth of all nations. Significant amounts of hazardous gases are produced when nonrenewable fuels like LPG, diesel and petrol are used, which may have an impact on the health of people working in factories and warehouses. Due to these changes and the rising adoption of hydrogen-powered forklifts, the publisher has decided to analyze the market and measure the impact of these advanced forklifts on the conventional forklift market.

The “Global Hydrogen Fuel Cell Forklift Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Plug Power Inc., Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, STILL GmbH, Oorja Corporation, Hydrogenics Corporation, Beijing SinoHytec Co., Ltd., NEL ASA, and Linde Material Handling. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

As a result, in the scenario of an increasing demands, the requirement of Hydrogen Fuel has increased, where Hydrogen Fuel Cell Forklift have a prominent role. The use of fuel cell forklifts offers substantial advantages over the use of established technologies in the warehouse industry.

This report illustrates the most vital attributes of the Global Hydrogen Fuel Cell Forklift Market, which are driving and providing opportunities.
This research gives an in-depth analysis of the Global Hydrogen Fuel Cell Forklift Market growth on the basis of several segments in the market.
This report presents the predictions of the past and present trends of the Global Hydrogen Fuel Cell Forklift Market.
This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Global Hydrogen Fuel Cell Forklift Market.

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Type: Market Size & Analysis
- Overview
- PEMFC Forklift
- DMFC Forklift
- Others
Application: Market Size & Analysis
- Overview
- Warehouse Logistics
- Dock Handling
- Other
Geography: Market Size & Analysis
- Overview
- North America (U.S., Mexico, Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
- Latin America (Brazil, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution

Vendor Profiles
- Plug Power Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Hyster-Yale Materials Handling, Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Toyota Industries Corporation
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- STILL GmbH
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Oorja Corporation
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Hydrogenics Corporation
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Beijing SinoHytec Co.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- NEL ASA
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Linde Material Handling
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 2. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE FOR PEMFC FORKLIFT, BY GEOGRAPHY, 2021-2027 (USD BILLION)

TABLE 3. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE FOR DMFC FORKLIFT, BY GEOGRAPHY, 2021-2027 (USD BILLION)

TABLE 4. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2027 (USD BILLION)

TABLE 5. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 6. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE FOR WAREHOUSE LOGISTICS, 2021-2027 (USD BILLION)

TABLE 7. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE FOR DOCK HANDLING, BY GEOGRAPHY, 2021-2027 (USD BILLION)

TABLE 8. GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE FOR OTHER, BY GEOGRAPHY, 2021-2027 (USD BILLION)

TABLE 9. NORTH AMERICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)

TABLE 10. NORTH AMERICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 11. NORTH AMERICA

TABLE 12. NORTH AMERICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 13. U.S GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 14. U.S GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 15. CANADA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 16. CANADA

TABLE 17. CANADA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 18. MEXICO GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 19. MEXICO GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 20. EUROPE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)

TABLE 21. EUROPE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 22. EUROPE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, APPLICATION, 2021-2027 (USD BILLION)

TABLE 23. GERMANY GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 24. GERMANY GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 25. U.K GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 26. U.K GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 27. FRANCE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 28. FRANCE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 29. ITALY GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 30. ITALY GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 31. SPAIN GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 32. SPAIN GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 33. ROE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 34. ROE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 35. ASIA PACIFIC GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)

TABLE 36. ASIA PACIFIC GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 37. ASIA PACIFIC GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 38. CHINA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 39. CHINA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 40. INDIA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 41. INDIA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 42. JAPAN GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 43. JAPAN GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 44. REST OF APAC GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 45. REST OF APAC GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 46. LATIN AMERICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 47. LATIN AMERICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 48. BRAZIL GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 49. BRAZIL GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 50. ARGENTINA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 51. ARGENTINA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 52. MIDDLE EAST AND AFRICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 53. MIDDLE EAST AND AFRICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 54. SAUDI ARABIA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 55. SAUDI ARABIA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 56. UAE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 57. UAE GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 58. REST OF MIDDLE EAST AND AFRICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY TYPE, 2021-2027 (USD BILLION)

TABLE 59. REST OF MIDDLE EAST AND AFRICA GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET VALUE, BY APPLICATION, 2021-2027 (USD BILLION)

TABLE 60. PLUG POWER INC: FINANCIALS

TABLE 61. PLUG POWER INC: PRODUCTS & SERVICES

TABLE 62. PLUG POWER INC: RECENT DEVELOPMENTS

TABLE 63. HYSTER-YALE MATERIALS HANDLING: FINANCIALS

TABLE 64. HYSTER-YALE MATERIALS HANDLING: PRODUCTS & SERVICES

TABLE 65. HYSTER-YALE MATERIALS HANDLING: RECENT DEVELOPMENTS

TABLE 66. TOYOTA INDUSTRIES CORPORATION: FINANCIALS

TABLE 67. TOYOTA INDUSTRIES CORPORATION: PRODUCTS & SERVICES

TABLE 68. TOYOTA INDUSTRIES CORPORATION: RECENT DEVELOPMENTS

TABLE 69. STILL GMBH: FINANCIALS

TABLE 70. STILL GMBH: PRODUCTS & SERVICES

TABLE 71. STILL GMBH: RECENT DEVELOPMENTS

TABLE 72. OORJA CORPORATION: FINANCIALS

TABLE 73. OORJA CORPORATION: PRODUCTS & SERVICES

TABLE 74. OORJA CORPORATION: RECENT DEVELOPMENTS

TABLE 75. HYDROGENICS CORPORATION: FINANCIALS

TABLE 76. HYDROGENICS CORPORATION: PRODUCTS & SERVICES

TABLE 77. HYDROGENICS CORPORATION: RECENT DEVELOPMENTS

TABLE 78. BEIJING SINOHYTEC CO. LTD.: FINANCIALS

TABLE 79. BEIJING SINOHYTEC CO. LTD.: PRODUCTS & SERVICES

TABLE 80. BEIJING SINOHYTEC CO. LTD.: RECENT DEVELOPMENTS

TABLE 81. NEL ASA: FINANCIALS

TABLE 82. NEL ASA: PRODUCTS & SERVICES

TABLE 83. NEL ASA: RECENT DEVELOPMENTS

TABLE 84. LINDE MATERIAL HANDLING: FINANCIALS

TABLE 85. LINDE MATERIAL HANDLING: PRODUCTS & SERVICES

TABLE 86. LINDE MATERIAL HANDLING: RECENT DEVELOPMENTS