Global Fuel Cell Market to Witness Impressive Growth, Revenue to Surge to USD 4.5 Billion By 2028

The global Fuel Cell market accounted for USD 4.7 Billion in 2020 and is expected to reach USD 10.7 Billion by 2028, growing at a CAGR of around 10.8% between 2021 and 2028.      

The report covers forecast and analysis for the fuel cells market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the fuel cells market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the fuel cells market on a global level.

In order to give the users of this report a comprehensive view on the fuel cells market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the fuel cells market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the fuel cells market by segmenting the market based on types and applications. The type segments covered under this study include proton exchange membrane fuel cells (PEMFC), molten carbonate fuel cells (MCFC), solid oxide fuel cells (SOFC), direct methanol fuel cells (DMFC), phosphoric acid fuel cells (PAFC) and others. Stationary, transport, and portable are the application segments of the global fuel cells market. All the type and application segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes demand for individual segments in all the regions and countries.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global fuel cells market. Key players profiled in the report include AFC Energy, Aisin Seiki Co. Ltd., Ballard Power Systems Inc., Bloom Energy, Ceramic Fuel Cells Limited, Ceres Power Holdings PLC, Doosan Corporation, Fuelcell Energy, Horizon Fuel Cell Technologies and Hydrogenics Corporation.

Browse the full “Fuel Cells Market (PEMFC, MCFC, SOFC, DMFC, PAFC And Others) For Stationary, Transport And Portable Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/fuel-cells-market

The global Fuel Cell Market is segmented as follows:

By Type

• Proton Exchange Membrane Fuel Cells (PEMFC)
• Molten Carbonate Fuel Cells (MCFC)
• Solid Oxide Fuel Cells (SOFC)
• Direct Methanol Fuel Cells (DMFC)
• Phosphoric Acid Fuel Cells (PAFC)
• Others

By Application

• Stationary
• Transport
• Portable

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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