Fuel Cell Market 2024-2028
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overview_1
Incremental Growth2024-2028 (US$mn)

$ 25262.9

overview_2
2024 Year-over-Year Growth

24.62%

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CAGR (2024-2028)

30.57%

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Report Coverage

Global

Fuel Cell Market Segmentation

Market Segmentation & Scope
Product
PEMFC PAFC SOFC Others
Application
Transport Stationary Portable

Geography

Europe

UK France Germany

APAC

China India Japan South Korea

North America

US Canada

South America

Brazil

Middle East and Africa

UAE

Market Segment by Geographic Landscape

regional_img

36%

of the growth will originate

from Europe

Global Market Size 2018 - 2028 (US$ Mn)

Market is segmented by Product into PEMFC, PAFC, SOFC, Others

The PEMFC is expected to be largest growing segment during 2024-2028

Largest Segment - Pemfc

US$ 13,657.10 Mn

Fuel Cell Market by Product into PEMFC; 2018-2028 (US$ Mn)

PEMFC Market Revenue and Forecast 2018-2028 (US$ Mn)

PEMFC

  • PEMFC Market Size and Forecast 2018 to 2028 (US$ Mn)

Fuel Cell Market by Product into PAFC; 2018-2028 (US$ Mn)

PAFC Market Revenue and Forecast 2018-2028 (US$ Mn)

PAFC

  • PAFC Market Size and Forecast 2018 to 2028 (US$ Mn)

Fuel Cell Market by Product into SOFC; 2018-2028 (US$ Mn)

SOFC Market Revenue and Forecast 2018-2028 (US$ Mn)

SOFC

  • SOFC Market Size and Forecast 2018 to 2028 (US$ Mn)

Fuel Cell Market by Product into Others; 2018-2028 (US$ Mn)

Others Market Revenue and Forecast 2018-2028 (US$ Mn)

Others

  • Others Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Application into Transport, Stationary, Portable

The Transport is expected to be largest growing segment during 2024-2028

Largest Segment - Transport

US$ 10,509.80 Mn

Fuel Cell Market Size by Segmentation, by Application (US$ Mn)

Application 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
Transport 1216.10 XX XX XX XX XX XX XX XX XX XX XX
Stationary XX 1149.70 XX XX XX XX XX XX XX XX XX XX
Portable XX XX 1051.30 XX XX XX XX XX XX XX XX XX

Fuel Cell Market by Application into Transport; 2018-2028 (US$ Mn)

Transport Market Revenue and Forecast 2018-2028 (US$ Mn)

Transport

  • Transport Market Size and Forecast 2018 to 2028 (US$ Mn)

Fuel Cell Market by Application into Stationary; 2018-2028 (US$ Mn)

Stationary Market Revenue and Forecast 2018-2028 (US$ Mn)

Stationary

  • Stationary Market Size and Forecast 2018 to 2028 (US$ Mn)

Fuel Cell Market by Application into Portable; 2018-2028 (US$ Mn)

Portable Market Revenue and Forecast 2018-2028 (US$ Mn)

Portable

  • Portable Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Geography into North America, Europe, APAC, Middle East and Africa, South America

The Europe is estimated to contribute 36% to the growth of global market during the forecast period 2024-2028.

Largest Segment - Europe

36%

Regional share of different regions, including North America, Europe, APAC, Middle East and Africa

Region 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
North America 903.90 XX XX XX XX XX XX XX XX XX XX XX
Europe XX 1015.70 XX XX XX XX XX XX XX XX XX XX
APAC XX XX 1210.70 XX XX XX XX XX XX XX XX XX
Middle East and Africa XX XX XX 450.10 570.10 XX XX XX XX XX XX XX
South America XX XX XX XX XX XX XX XX XX XX XX XX

Fuel Cell Market Size by Geography into North America; 2018-2028 (US$ Mn)

North America Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Country into US; 2018-2028 (US$ Mn)

US Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Geography into Europe; 2018-2028 (US$ Mn)

Europe Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Country into Germany; 2018-2028 (US$ Mn)

Germany Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Country into UK; 2018-2028 (US$ Mn)

UK Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Geography into APAC; 2018-2028 (US$ Mn)

APAC Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Country into China; 2018-2028 (US$ Mn)

China Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Country into Japan; 2018-2028 (US$ Mn)

Japan Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Mn)

Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Mn)

Fuel Cell Market Size by Geography into South America; 2018-2028 (US$ Mn)

South America Market Revenue and Forecast 2018-2028 (US$ Mn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
Ballard Power Systems Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Bloom Energy Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Ceres Power Holdings plcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Doosan Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
FuelCell Energy Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Fuji Electric Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Motors Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Honda Motor Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Hyundai Motor Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Intelligent Energy Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
KYOCERA Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mitsubishi Heavy Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Niterra Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Panasonic Holdings Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Plug Power Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
PowerCell Sweden ABView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Proton Motor Fuel Cell GmbHView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SFC Energy AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Toshiba Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Watt Fuel Cell Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Fuel Cell Market Scope

  1. By Product
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Product, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Product, 2024 to 2028
      1. PEMFC
      2. PAFC
      3. SOFC
      4. Others
    4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Product, 2024 to 2028
  2. By Application
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Application, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Application, 2024 to 2028
      1. Transport
      2. Stationary
      3. Portable
    4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Application, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Region, 2024 to 2028
      1. North America
      2. Europe
      3. APAC
      4. Middle East and Africa
      5. South America
  4. North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. US
    4. By Product
    5. By Application
  5. Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. Germany
      2. UK
    4. By Product
    5. By Application
  6. APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. China
      2. Japan
    4. By Product
    5. By Application
  7. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Application
  8. South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Application

Major Companies

Market companies

Name Profile Employees Headquarters Website
Ballard Power Systems Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Bloom Energy Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Ceres Power Holdings plcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Doosan Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
FuelCell Energy Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Fuji Electric Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Motors Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Honda Motor Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Hyundai Motor Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Intelligent Energy Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
KYOCERA Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mitsubishi Heavy Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Niterra Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Panasonic Holdings Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Plug Power Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
PowerCell Sweden ABView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Proton Motor Fuel Cell GmbHView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SFC Energy AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Toshiba Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Watt Fuel Cell Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
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