Table of Contents PART 01: Executive summary PART 02: Scope of the report PART 03: Research Methodology PART 04: Introduction • Key market highlights PART 05: Market landscape • Market overview • Market size and forecast • Five forces analysis PART 06: Market segmentation by application • Global fuel cells market for industrial and military applications by application • Global fuel cells market for industrial and military applications for stationary application • Global fuel cells market for industrial and military applications for transportation application • Global fuel cells market for industrial and military applications for portable application PART 07: Market segmentation by end-user • Global fuel cells market for industrial and military applications by end-user • Global fuel cells market for industrial application • Global fuel cells market for military application PART 08: Geographical segmentation • Global fuel cells market for industrial and military applications by geography • Fuel cells market for industrial and military applications in APAC • Fuel cells market for industrial and military applications in the Americas • Fuel cells market for industrial and military applications in EMEA PART 09: Decision framework PART 10: Drivers and challenges • Market drivers • Impact of drivers on key customer segments • Market challenges • Impact of challenges on key customer segments PART 11: Market trends • Rise in distributed power generation • Increase in R&D investment and activities • Increasing interest on CHP PART 12: Vendor landscape • Competitive scenario • Other prominent vendors (indicative list) PART 13: Key vendor analysis • Ballard Power Systems • Bloom Energy • NUVERA FUEL CELLS • SFC Energy PART 14: Appendix • List of abbreviations List of Exhibits Exhibit 01: Comparison of fuel cell technologies Exhibit 02: Description of fuel cell applications Exhibit 03: Global fuel cells market for industrial and military applications Exhibit 04: Global fuel cells market for industrial and military application 2017-2021 (MW) Exhibit 05: Five forces analysis Exhibit 06: Global fuel cells market for industrial and military applications by application 2016-2021 (%) Exhibit 07: Global fuel cells market for industrial and military applications by application 2016-2021 (MW) Exhibit 08: Global fuel cells market for industrial and military applications for stationary application 2016-2021 (MW) Exhibit 09: Global fuel cells market for industrial and military applications for transportation application 2016-2021 (MW) Exhibit 10: Major companies using fuel cell powered MHE Exhibit 11: Global fuel cells market for industrial and military applications for portable application 2016-2021 (MW) Exhibit 12: Global fuel cells market for industrial and military applications by end-user 2016-2021 (%) Exhibit 13: Global fuel cells market for industrial and military applications by end-user 2016-2021 (MW) Exhibit 14: Global fuel cells market for industrial application 2016-2021 (MW) Exhibit 15: Global fuel cells market for military application 2016-2021 (MW) Exhibit 16: Weight carried by an average soldier (pounds) Exhibit 17: Global fuel cells market for industrial and military applications by geography 2016-2021 (%) Exhibit 18: Global fuel cells market for industrial and military applications by geography 2016-2021 (MW) Exhibit 19: Fuel cells market for industrial and military applications in APAC 2016-2021 (MW) Exhibit 20: Fuel cells market for industrial and military applications in Americas 2016-2021 (MW) Exhibit 21: Fuel cells market for industrial and military applications in EMEA 2016-2021 (MW) Exhibit 22: Typical stack size of different fuel cell technologies Exhibit 23: Energy conversion efficiency of different energy sources Exhibit 24: Fuel cell fuel sources and its applications Exhibit 25: Estimated applications of fuel cells in stationary application (%) Exhibit 26: Impact of drivers Exhibit 27: Cost comparison between fuel cell and gas engine in CHP Systems Exhibit 28: Comparison of CHP technologies Exhibit 29: Global crude oil price volatility over last decade 2007-2016 ($/bbl) Exhibit 30: Impact of challenges Exhibit 31: Most commonly used distribution energy resources Exhibit 32: Apple renewable energy power source in North Carolina Data Center Exhibit 33: NETL SOFC programs Exhibit 34: Fuel cell components R&D in China Exhibit 35: Typical CHP models used in commercial and industrial applications Exhibit 36: Typical industrial applications using fuel cell CHP systems Exhibit 37: Major purchase incentives for fuel cell projects Exhibit 38: Ballard Power Systems: Business segmentation Exhibit 39: Protonex: Product Portfolio Exhibit 40: Bloom Energy's fuel cell technology Exhibit 41: Bloom Energy: Product portfolio Exhibit 42: NUVERA FUEL CELLS : Product and services Exhibit 43: NUVERA FUEL CELLS: Product categories Exhibit 44: SFC Energy: Key products Exhibit 45: SFC Energy: Product portfolio

Ballard Power Systems, Bloom Energy, NUVERA FUEL CELLS, SFC Energy, ACAL Energy, Acumentrics, Altergy, SOLIDpower, Ceres Power, Delphi Automotive, Doosan Fuel Cell, Electrochem, EnergyOr Technologies, Enocell, FuelCell Energy, Horizon Fuel Cell Technologies, Hydrogenics, Intelligent Energy, Neah Power Systems, Oorja Protonics, Panasonic, PLUG POWER, REDOX POWER SYSTEMS, Shanghai EVERPOWER Technologies, Toshiba Fuel Cell Power Systems, and USSI.