Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.29 Billion | USD 57.89 Billion | 25.89% | 2023 |
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Fuel Cell Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Fuel Cell Market for Proton Exchange Membrane Fuel Cells (PEMFC), Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Fuel Cell Market for Proton Exchange Membrane Fuel Cells (PEMFC), By Country, 2020 & 2028
FIG NO. 9. Global Fuel Cell Market for Molten Carbonate Fuel Cells (MCFC), Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Fuel Cell Market for Molten Carbonate Fuel Cells (MCFC), By Country, 2020 & 2028
FIG NO. 11. Global Fuel Cell Market for Solic Oxide Fuel Cells (SOFC), Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Fuel Cell Market for Solic Oxide Fuel Cells (SOFC) By Country, 2020 & 2028
FIG NO. 13. Global Fuel Cell Market for Direct Methanol Fuel Cells (DMFC) Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Fuel Cell Market for Direct Methanol Fuel Cells (DMFC) By Country, 2020 & 2028
FIG NO. 15. Global Fuel Cell Market for Phosphoric Acid Fuel Cells (PAFC) Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Fuel Cell Market for Phosphoric Acid Fuel Cells (PAFC) By Country, 2020 & 2028
FIG NO. 17. Global Fuel Cell Market for Others Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Fuel Cell Market for Others By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 20. Global Fuel Cell Market for Stationary, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Fuel Cell Market for Stationary, By Country, 2020 & 2028
FIG NO. 22. Global Fuel Cell Market for Transport, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Fuel Cell Market for Transport, By Country, 2020 & 2028
FIG NO. 24. Global Fuel Cell Market for Portable, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Fuel Cell Market for Portable, By Country, 2020 & 2028
FIG NO. 26. Global Fuel Cell Market Revenue Share, By Region, 2020 & 2028
FIG NO. 27. North America Fuel Cell Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 28. Porter’s Five Forces Analysis for Global Fuel Cell Market
FIG NO. 29. PEST Analysis for Global Fuel Cell Market
FIG NO. 30. Pricing Analysis for Global Fuel Cell Market
FIG NO. 31. Value Chain Analysis for Global Fuel Cell Market
FIG NO. 32. Company Share Analysis, 2019
FIG NO. 33. Radar Determinant Chart, 2019
FIG NO. 34. Company Strategic Developments – Heat Map Analysis
FIG NO. 35. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 36. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 37. Market Channels
FIG NO. 38. Marketing Channel Development Trend
FIG NO. 39. Growth in World Gross Type, 2008-2018
FIG NO. 40. Research Methodology – Detailed View
FIG NO. 41. Research Methodology
List of Tables
TABLE NO. 1. Global Fuel Cell Market: Snapshot
TABLE NO. 2. Quarterly Fuel Cell Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Fuel Cell Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Fuel Cell Market for Proton Exchange Membrane Fuel Cells (PEMFC), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Fuel Cell Market for Molten Carbonate Fuel Cells (MCFC), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Fuel Cell Market for Solic Oxide Fuel Cells (SOFC) by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Fuel Cell Market for Direct Methanol Fuel Cells (DMFC) by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Fuel Cell Market for Phosphoric Acid Fuel Cells (PAFC) by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Fuel Cell Market for Others by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Fuel Cell Market for Stationary, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Fuel Cell Market for Transport, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Fuel Cell Market for Portable, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Fuel Cell Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Fuel Cell Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Fuel Cell Market Revenue, By Type, 2016 – 2028 (USD Billon)
TABLE NO. 18. North America Fuel Cell Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Fuel Cell Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S. Fuel Cell Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Fuel Cell Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Canada Fuel Cell Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Fuel Cell Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 24. Mexico Fuel Cell Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 25. Drivers for the Fuel Cell Market: Impact Analysis
TABLE NO. 26. Restraints for the Fuel Cell Market: Impact Analysis
TABLE NO. 27. Major Buyers of Fuel Cell
TABLE NO. 28. Distributors/Traders List of Fuel Cell
TABLE NO. 29. Global Fuel Cell Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 30: Global Fuel Cell Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
FrequentlyAsked Questions
The global Fuel Cell Market was valued at US$ 7.29 Billion in 2023.
The global Fuel Cell Market is expected to reach US$ 57.89 Billion by 2032 at a CAGR of about 25.89% from 2024 to 2032.
Factors such as ease of storage, lesser carbon emissions than combustion engines, and a longer life period are going to drive up demand for such cells on the market. In the coming years, rising knowledge of the benefits of fuel cells, as well as the depletion of non - renewable resources, are expected to propel the growth of the fuel cell market.
In 2023, North America accounted towards a major share of Fuel Cell market and will continue to dominate the market over the next few years. Due to the increasing demand for a sustainable source of energy to fulfil the demands of the region's rapidly growing population, Asia Pacific is likely to see tremendous growth.
Some of the major players of global Fuel Cell market includes 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 among others .
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